One way to measure the health of global trade is to follow ocean shipping rates, on the assumption that higher rates equate to higher cargo demand. Another way is to watch the number of marine containers in global circulation – a leading indicator that can flash early signals on market conditions ahead. The most famous shipping rate indicator – the Baltic Dry Index (BDI) – has often failed as a global barometer due to "noise" from the vessel supply side of the equation.
Textainer Group Holdings Limited (NYSE: TGH) ("Textainer", "the Company", "we" and "our"), one of the world's largest lessors of intermodal containers, today announced that it has filed a Pre-Listing Announcement with the Johannesburg Stock Exchange ("JSE") to commence a secondary, or dual, listing of Textainer's common shares on the Main Board of the JSE under the share code "TXT" with commencement of trading expected on Wednesday, December 11, 2019. The secondary listing is not in connection with any current capital raising effort.
Q4 2019 Textainer Group Holdings Ltd Earnings Call
Lease rental income for owned and managed containers was $154.7 million in the third quarter this year, down from $157.8 million in the third quarter of 2018. "Textainer's performance was resilient in a generally lackluster market environment," said Olivier Ghesquiere, president and chief executive officer. "While the overall market activity remains muted and is reflected in our operating results, we have taken a number of actions this year to enhance shareholder value.
Textainer Group Holdings Limited (NYSE:TGH) ("Textainer" or the "Company"), one of the world's largest lessors of intermodal containers, announced today the date for the release of its fourth quarter and full-year 2019 financial results and its attendance at an upcoming investor conference.
Textainer Group Holdings Limited (NYSE:TGH), which is in the trade distributors business, and is based in Bermuda, led...
Q3 2019 Textainer Group Holdings Ltd Earnings Call
Textainer Group Holdings Limited (NYSE: TGH; JSE: TXT) ("Textainer", "the Company", "we" and "our"), one of the world's largest lessors of intermodal containers, today announced that Textainer's Board of Directors authorized an increase to the Company's share repurchase program of up to $25 million of the Company's outstanding common shares. The authorization is effective immediately and adds to the previous $25 million program, which had approximately $1.0 million remaining authorized and available for repurchase as of March 27, 2020. Purchases under the share repurchase program may be made from time to time through open market purchases, privately negotiated transactions or such other manners as will comply with applicable laws and regulations.
Textainer Group Holdings Limited (NYSE: TGH) ("Textainer", "the Company", "we" and "our"), one of the world's largest lessors of intermodal containers, today announced that the Company's wholly-owned subsidiary, Textainer Limited, has entered into an agreement to purchase Leased Assets Pool Company Limited ("LAPCO") for an equity value of approximately $66 million in cash (constituting assets of $192 million less outstanding debt of $126 million). The Company intends to repay LAPCO's existing debt at the closing and refinance the LAPCO containers which are managed by Textainer in one or more of the Company's existing revolving credit facilities. The transaction is subject to certain closing conditions and is expected to close by year-end.
HAMILTON, Bermuda , Oct. 31, 2019 /PRNewswire/ -- Textainer Group Holdings Limited (NYSE: TGH) ("Textainer", "the Company", "we" and "our"), one of the world's largest ...
"Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]
Textainer Group Holdings Limited (NYSE:TGH) shareholders should be happy to see the share price up 14% in the last...
HAMILTON, Bermuda , Oct. 17, 2019 /PRNewswire/ -- Textainer Group Holdings Limited (NYSE:TGH) ("Textainer"), one of the world's largest lessors of intermodal containers, will release third quarter ...
Textainer Group Holdings Limited (NYSE:TGH) ("Textainer" or the "Company"), one of the world's largest lessors of intermodal containers, announced today the date for the release of its first quarter 2020 financial results and its participation in an upcoming investor conference.
Thank you, and welcome to Textainer's first-quarter 2020 earnings conference call. Certain statements made during this conference call may contain forward-looking statements in accordance with U.S. securities laws.
Statistically speaking, long term investing is a profitable endeavour. But that doesn't mean long term investors can...
Today we'll evaluate Textainer Group Holdings Limited (NYSE:TGH) to determine whether it could have potential as an...
HAMILTON, Bermuda, Nov. 1, 2019 /PRNewswire/ -- Textainer Group Holdings Limited (TGH) ("Textainer", "the Company", "we" and "our") today filed a Form F-3 Registration Statement with the U.S. Securities and Exchange Commission (the "SEC") (the "Registration Statement"). As announced on September 18, 2019, Trencor Limited ("Trencor"), a South African investment holding company trading on the Johannesburg Stock Exchange (the "JSE") and the holder of 27,278,802, or approximately 47.5%, of the Company's common shares (the "Shares"), sought approval from its shareholders to unbundle the Shares (the "Unbundling Transaction").
Textainer Group Holdings Limited (NYSE: TGH; JSE: TXT) ("Textainer", "the Company", "we" and "our"), one of the world's largest lessors of intermodal containers, today reported financial results for the fourth-quarter and full-year ended December 31, 2019.
Textainer Group Holdings Limited (NYSE: TGH) ("Textainer", "the Company", "we" and "our"), one of the world's largest lessors of intermodal containers, today announced that on December 31, 2019 the Company's wholly-owned subsidiary, Textainer Limited, completed the purchase of Leased Assets Pool Company Limited ("LAPCO"). Textainer previously announced entering an agreement on December 2, 2019 for the purchase of LAPCO for an equity value of approximately $66 million in cash (constituting assets of $192 million less outstanding debt of $126 million). The Company repaid LAPCO's existing debt at the closing by refinancing this debt in Textainer Limited's revolving credit facility.