This is an Israeli shipping company. Noticed it while looking at recent IPOs in the USA. Very cheap on fundamentals PE of 2.92, so I bought some at the beginning of November. It's third quarter results came out last night : https://finance.yahoo.com/quote/ZIM/
It's announced a dividend for the 3rd quarter of $2.50 and a bigger one at the end of it's financial year.
Shipping rates seem to have ballooned.
Worth reading the full story on the linked page entitled "ZIM reports record financial results for the third quarter". Stonking buy imv.
Only up 3.8% so far today.
Would welcome any views but I am fairly sure I am keeping my shares!
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ZIM
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Re: ZIM
It would seem that it might be general to all shipping companies :
https://finance.yahoo.com/quote/maersk-b.co/
There is another potential problem, that there is a chance that current shipping rates are temporary.
Still glad I bought some
https://finance.yahoo.com/quote/maersk-b.co/
There is another potential problem, that there is a chance that current shipping rates are temporary.
Still glad I bought some
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