Is it in the face the sharp rise in sales and construction prices still profitable to invest at all, in a ship's new? Performs the full utilization of the yards to a supply overhang? What is the impact on profitability, rising operating costs and falling U.S. dollar?
These and similar questions illustrate once again that it is this asset class is for Entrepreneurial and consultation-intensive investments that are facing the ever-effective advertising opportunities highlighted and corresponding risks.
why I recommend without investing foreign exchange risk and interest rate with a very conservative forecast in a young and fast growing niche market: Luxury Five-star river cruise ships, designed for use in the Rhine-Main-Danube trading area.
The market leader in this area is the Premicon company, which implemented already twenty luxury cruise ships. In two consecutive years was Premicon by the rating agency Scope with the "Scope Award for excellence in the market for closed-end ship funds awarded.
The current project TC / Premicon Queen will be built on the Neptune shipyard, Meyer Werft to Group, ie,. The Meyer Werft (Papenburg) is known to everyone by the successful AIDA cruise ships.
When this concept is the participation of companies mentioned property investors far more than usual in ship funds normally: The ship owners are directly involved in the operational success and received instead of a fixed charter a passenger fee. The entrepreneurial component consists primarily so that the envisaged initial occupancy rate of 35% of predicted value up (opportunity) and down (risk) is different. The risk is very limited, because the costing assumptions are based on profound experience and are set conservatively.
Luxury river cruise on the Danube is a pronounced growth market over the last ten years, both the passengers and the revenue across regardless of economic trends for more than tripled. The future demographic development will automatically lead to a significant increase of the target group: lead (passenger average age 58.8 years).
is with 242% Net-cash return, the projected after-tax return significantly higher than the market average ship investments. The low purchase price factor in the amount of 8.7 times the operating income contributes significantly to this attractive profitability. In addition, a comparatively low Annuitätenbelastung suggests the positive side, since this fund has a very high capital adequacy ratio (72%).
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The analysts:
GUB analysis (+++) (highest rating)
"The offer satisfied by the involvement of competent and experienced partner to invest in the growing market for luxury travel."
Scope INVESTMENT ANALYSIS (BBB-) (above average) "Thanks to the many years of experience in the design and management of closed funds in the river and sea transport the company a high level of competence to be confirmed."
capital market internally
"Traditional corporate participation with appropriate opportunities and risks"
Fund telegram
"The increased forecast uncertainty is the profound Market knowledge and experience of Premicon over.
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