Globus Maritime Limited (GLBS)

Interesting...after reviewing GLBS' recent F-3 shelf registration and 2024 Form 20-F.
This is not a conclusion, but several pieces seem to fit together:
The two Japanese Ultramax newbuildings are already largely financed through a $25M loan facility and a $28M sale-and-bareboat-back financing. The current $300M shelf therefore appears far larger than what would be required simply to complete these deliveries.
The 20-F contains an intriguing statement that future vessel acquisitions could be pursued "independently or in collaboration with a third-party investor." That wording appears unusually specific and may be worth watching.
The company also chose to register 16.75 million legacy warrants issued in 2021, despite all of them currently being well out of the money ($5.00–$6.25 exercise prices). While this may simply be legal housekeeping, it also ensures that approximately $92 million of potential equity capital would be immediately available if those warrants were ever exercised.
Another overlooked detail is the $2 million consulting bonus awarded to an affiliate of management, with half becoming payable only upon delivery of the second Ultramax. Structuring the payment around that specific milestone suggests management views the completion of the current newbuilding program as a major inflection point—not merely the delivery of another vessel, but potentially the end of one growth cycle and the beginning of another.
With improving freight markets, a stronger balance sheet, a largely debt-free fleet, and the completion of the current expansion program approaching, the timing of such a large shelf registration naturally raises questions about what management may be preparing for next.
None of this proves that a strategic transaction is imminent. However, taken together, these filings suggest that the company is positioning itself with maximum financial flexibility ahead of its next phase, whether that ultimately involves fleet expansion, institutional capital, or another strategic opportunity.

https://tradingeconomics.com/commodity/baltic
I've added it!

Globus returned to profitability in the seasonally weakest quarter of the year, benefiting from improved market conditions and disciplined cost management. Estimated NAV: approximately $9.60 per share.

Baltic Dry rose to 3,226 Index Points on May 28, 2026, up 3.27% from the previous day. Over the past month, Baltic Dry's price has risen 20.82%, and is up 138.43% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.

Baltic Dry rose to 3,189 Index Points on May 13, 2026, up 4.11%

Baltic Dry rose to 3,034 Index Points on May 7, 2026, up 1.44% from the previous day.

Baltic Dry traded flat at 2,991 Index Points on May 6, 2026. Over the past month, Baltic Dry's price has risen 42.77%, and is up 117.69%… mmmm flat

https://tradingeconomics.com/commodity/baltic
From 2,730 climbed about 3.7% to the highest since early December 2025 at 2,832 points on Tuesday, buoyed by the larger vessel segments….😮

GLBS....................................https://stockcharts.com/sc3/ui/?s=GLBS&p=w&b=5&g=0&id=p86431144783

GLBS...............................https://stockcharts.com/sc3/ui/?s=GLBS&p=W&b=5&g=0&id=p86431144783

Hu! Baltic Dry 2,845.00 245.00 9.42%

GLBS.......................................................https://stockcharts.com/sc3/ui/?s=GLBS&p=W&b=5&g=0&id=p86431144783

I would say you should never fully “trust” anyone in the market — that rule never changes. But you can look at the numbers and the fundamentals, and right now Globus Maritime shows some objectively positive signals.
Based on the latest data:
Fair value estimates range between $7.58 and $9.28 per share, depending on the P/NAV scenario, while the stock trades around $1.36.
The company’s NAV is approximately $174M, versus a current market cap of only $28M, meaning the stock trades at roughly 0.16× NAV — an 84% discount.
Debt management is improving significantly: the margin on an existing loan facility was reduced, which implies lender confidence (2,70% to 1,95% 2027); financing for the two 2026 newbuilds is fully secured, meaning the expansion is covered without shareholder dilution.
These factors are important because many small-cap shipping companies struggle to secure financing, especially on favorable terms.
If the Dry Bulk Index holds above 2,300, the company’s earnings power, TCE rates, and fleet valuation could continue to strengthen.

GLBS...................................................https://stockcharts.com/sc3/ui/?s=GLBS&p=W&b=5&g=0&id=p86431144783

$1.46 + 7% Can you trust Greek shipping company but for a very quick pump then massive diluter pump then a future reverse split..Maybe I should be asking Frankenstein 

GLYFADA, Greece, Nov. 28, 2025 (GLOBE NEWSWIRE) -- https://client.schwab.com/app/research/#/symbol/GLBS Limited (“Globus”, the “Company”, “we”, or “our”) (NASDAQ: GLBS), a dry bulk shipping company, today reported its unaudited consolidated financial results for the third quarter and nine-month period ended September 30, 2025.

Baltic Dry 2,560.00 80.00

https://tradingeconomics.com/commodity/baltic
it's starting to get interesting!

GLBS........................................https://stockcharts.com/h-sc/ui?s=GLBS&p=W&b=5&g=0&id=p86431144783

https://tradingeconomics.com/commodity/baltic
👀

GLBS.....................................https://stockcharts.com/h-sc/ui?s=GLBS&p=W&b=5&g=0&id=p86431144783

GLBS............................https://stockcharts.com/h-sc/ui?s=GLBS&p=W&b=5&g=0&id=p86431144783

Tiny shipping stocks are going to party like the tech stocks of 1990-1999 and 2009-2023!

https://www.youtube.com/watch?v=

This is ramping up like the tanker stock I bought!

*also way undervalued

GLBS new 52 week low

GLBS new 52 week low

https://seekingalpha.com/article/4505108-globus-maritime-small-dry-bulk-shipper-80-percent-discount-nav

downward speculative bubble

Baltic Dry 1,424
if they then sold two vessels, I'll add a little

Baltic Exchange Dry Index rebound
https://tradingeconomics.com/commodity/baltic
But GLBS none
never a joy

I guess when no one expects it will move!
I don't sell.
Fuck you shorts

I added!

Very nice

Nice report from GLBS.

Globus Maritime Limited Reports Financial Results for the Second Quarter and Six-month period ended June 30, 2022
August 16 2022 - 04:05PM
GlobeNewswire Inc.

Globus Maritime Limited (“Globus”, the “Company”, “we”, or “our”) (NASDAQ: GLBS), a dry bulk shipping company, today reported its unaudited consolidated financial results for the second quarter and six-month period ended June 30, 2022.
Revenue
181% increase to $19.1 million in Q2 2022 compared to Q2 2021
213% increase to $37.6 million in H1 2022 compared to H1 2021
Net income
$11 million net income in Q2 2022
$23.1 million net income in H1 2022
Cash from operating activities
$13.9 million cash generated from operating activities in Q2 2022
$24.2 million cash generated from operating activities in H1 2022
Adjusted EBITDA
$13.6 million in Q2 2022 compared to $3.1 million in Q2 2021
$27.4 million in H1 2022 compared to $4.4 million in H1 2021
Time Charter Equivalent
$22,837 per day in Q2 2022 compared to $11,781 per day in Q2 2021
$23,238 per day in H1 2022 compared to $10,859 per day in H1 2021
$2.5 million or 8% debt reduction YTD

Just bought in.

There is no such thing as a share having a p/e +p/b like glbs has and the shares will not rise. Period.

MC $55M

YES!
In 9M2021, Total revenues increased by about 217% compared to 9M2020.
For the 9M2021 the Total comprehensive income amounted to $4.8 million

Very good for the Baltic Dry Index. Expecting another repeat in the six to 12 months. Coal is at historic highs vastly higher than 13 years ago.

Was 2007/2008 pretty good?

How about a repeat of 2007/008 ?
Its on the table boys and girls

!@@!

Coal up 12.3 % today to 270.
One has got to wonder what the implications of all this will end up being.

Coal prices up 7% today. Since more coal is being used, investors may want to look into coal gasification to reduce pollution. In the meantime, bulk carriers are staying busy. GLBS

BDI is up 10X from its low 1 year ago. Coal prices are really high also.

Baltic Dry Index is rocketing higher. This company HAS to make money. Way undervalued imo.

HOLD
MC 61,3
$78.5M cash on hand
$34.25M Outstanding Debts
$125M Current Fleet Valuation
Total Asset Valuation = $203.5M
$203.5M (Assets) - $34.5M (Debt) = $169.5M

I've been waiting for 2.5 for 3/4 months!
I have a few and would like to get many at the recommended price from the shorts!

HOLD
MC 64,6
$78.5M cash on hand
$34.25M Outstanding Debts
$125M Current Fleet Valuation
Total Asset Valuation = $203.5M
$203.5M (Assets) - $34.5M (Debt) = $169.5M

there is an analysis...
TP $6
but they missed 35%...
assuming the analysis is reliable (but it is not)

Globus Maritime Limited (the “Company” or "Globus") (NASDAQ: GLBS), a dry bulk shipping company, announced today that it will release financial results for the quarter and six-month period ended June 30, 2021, after the market closes in New York on Monday, September 27, 2021.
almost almost a bit more

GLBS has to renew most of their T/C's this quarter, no?

Earnings due today/ tomorrow or any day after. Still no contract for their newly acquired Ship.

they do whatever they have to do... I think it will go up soon