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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Global Port Holdings

January 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • GPH
  • Price:
  • 267.5p
Shares in Global Ports Holdings have been on a tear, rising from my write-up price of 163.5p last March to a new high of 290p. The company, which operates the largest cruise ports network in the world with lucrative bases in the Caribbean (including Nassau), Turkey (Ege) and Malta (Valletta) as well as Barcelona, the Canaries and Vietnam, announced its third quarter update with a second upgrade to guidance. Total passengers rose 39% to 3.6m in the second quarter, with revenue and EBITDA both up 42% to US$52.6m and US$35.6m for an EBITDA margin of 67.6%. For the six months it achieved EBITDA of US$64.1m (+59%). Full year passenger volumes are expected to grow from 11.8m to at least 12.5m while occupancy rates are also improving mor ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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