Some of the best kind of information we can collect regarding a company's prospects is from revelations by other companies in the same industry. I would like to share something I came across in NextInsight on Jaya Holdings which was published on 12 February 2013.
It was revealed that Jaya Holdings, from chartering its vessels to the O&G industry, "reaped
US$7.8 million net profit compared to the paltry US$0.4 m in the same quarter a
year ago."
"The jump in chartering net profit came from Jaya's charter fleet enjoying an 80%
utilisation rate in 2Q2013 versus 62% a year earlier.
"The higher demand
came with higher averge daily charter rates: US$12,685 versus
US$9,222.
"The seas, however, have turned choppy. Jaya is expecting its
fleet utilisation rate to sink somewhat in the current 3Q2012.
"A key
reason is the implementation of (long-deferred) cabotage rules by Indonesia
effective 1 Jan this ......