Value Investor's Edge Live #45: Zim Integrated Shipping: Update For 2022

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By Joseph Sancio and Seeking Alpha. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Zim Integrated Shipping (ZIM) was one of my top picks during 2021 and I have heavily covered the company privately and publicly dating back to last February after their IPO. My most recent full-length report was shared in early-December and I have further increased my earnings expectations since then due to the remarkably persistent freight rates.

  • (1:30) Outlook for the containership business in 2022?
  • (5:15) Risk of a near-term drop in rates? Largest risks in 2022?
  • (8:30) Update on LA/LB service, still diverting ships?
  • (11:00) Current freight negotiations, contract mix going forward?
  • (18:15) Status of 2M Alliance negotiations, any changes?
  • (20:30) Dividend policy: what determines 30-50% payout range?
  • (24:30) What to do with remaining cash: capital allocation priorities?
  • (33:15) Why not have an active share repurchase? Block purchases?
  • (39:00) Update on potential tax rate reduction?
  • (44:15) Results of digital ventures and investments? Valuation potential?
  • (52:00) Potential for FY22 earnings to be even higher than FY21?

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