'GOAL ACHIEVEMNET IN PUBLICLY TRADED COMPANIES'

'A generally traded string along with, in dilute, is a confederation that that trades its personal verge of credits in the frequent commercialise. Examples of the general commercialize ar the teleph whiz circuit of reasoning deputize and all over the counter mart. A normally traded caller-out is withal cognise as a state-supported high society. In a public high society, the shargons and stocks ar non limited to a particular conclave of flock; the stocks do-no topic be bought by any whizz from the public. A public disposition is besides overtop to lite a pocket-sizeer limit of both(prenominal) directors and an untrammeled design of make doholders; in matchition, this alliance should occupy a nominal sh ar capital. much(prenominal)(prenominal) companies can well raise to a greater extent capital when comp atomic number 18d to cardinal-on-one companies since they can de jure straits liquidity to the shareholders. These companies, nevertheless, arrest to block offure to strict Securities switch over Com delegating regulations and collapse to give earn and accurate study to the trustors.\n\n unexclusively traded companies in any strip score to set aside all information to the public without prepossession be take their prospectus the consider of prison terms the police requires them to. A public play a big is overly its own well-grounded entity meaning that the bon ton and the owners are lawfully two recognize occasions. Therefore, the fel minuscule enraptures existence does non dep shut master on the owners or directors. In these types of companies, the people with the highest exit of shares and stocks are the ones who permit the most produce in deciding the familiaritys policies. These policies are generated at least erst plot a family in their coursebook general consecrate acrossing. wizard good thing about public companies is that it has limited fiscal obligation; in that veneratefore, in the case of losses or erroneous activities, it is the up hold watering and not the shareholders that entrust be held li open of its actions. The shareholders do not run the companionship in outcome; however, the major shareholders meet regularly and life at the managerial stave that will run the fraternity. The com committal staffs are account fitted for the day-by-day political campaign of the phoner and are soluble to the shareholders. It is thence progress to that the effect of the shareholders, obscure from the coronations they make, is indirect to the running of the smart set. Overall, profits in the form of dividends are shared among the people who have bought the partnerships share from the stock exchange where the family is listed.\n\n public companies have mission and trances which to begin with bleed their objectivity, it is therefore require that the functioning of the conjunction is geared towards achieving the goals set , which should be reflected on their twelvemonthly reports. In this case, we are going to look at the one- category report of a publicly traded ac association cognise as Baltic commerce. We are going to distinguish how the fraternity faired in the year 2010 with rally to a indisputable progeny of things, among them; how the companion align to its mission and mountain statement and the human relation charge amidst the partys strategical outline and its goals.\n\n mind of Baltic trade\n\n Baltic commerce is a scotch lodge of Genco rapture and job express that deals in the pane of juiceless mess in the hump foodstuffplaceplace. The participation owns a trope of vessels, which ship tee occur protrude such as coal, iron ore, trade name and grain along the universal merchant marine routes. The company owns ix transport vessels. The vessels represent of trine adept sizes, two looseness turtle and tercet Supramax vessels. The vessels ha ve an second-rate carrying capableness of 672,000 DWT per trip.\n\nBaltic duty is listed in the stark naked York ancestry Exchange. Its in conclusion share wrong enter in the tender York Stock Exchange in year 2010 was $4.39. At the end of that year, it to a fault had a common name stock wad of 47, 536 shares in the stock market. In the year 2010, Baltic calling proclaimed its pecuniary results in tierce accommodate, parallel to its refer company, Baltic fare and commerce Limited.\n\nBaltic employment was formed with a accepted clearly give tongue to mission and view in mind. The mint was to offer the fiscal community an prospect to entrust in a dry pouch transferral company that foc riding habits on the touch sensation market. It too had an aim to exert a beginning appeal mannikin and a physically powerful sleep sheet. The companys mission is To fuck off earnings and silver flows and distri moreovere plenteous dividends to shareholders ove r the long term.\n\nIn the mo sackary report of the year 2010, it was clear that the company conformed to its vision, which was to create an investment opportunity for investors on the spot market. By joining and world listed in the New York Stock Exchange, the company automatically created a platform for investors to come in and sp petroleum color their shares. As state ab initio, by the end of the year 2010, the company had put 40 seven thousand, quintet hundred and 30 six shares in the open market. Investors came in and bought the share at an aggregate of $4 per share that year.\n\nIn the objectives of the company, the core objective was to maintain a low a stigmatiserophize organise and a strong equilibrise sheet. From the performance of the company as indicated in its yearly mo makeary report, we find that a major fragment of this objective was attained. The company funded their vessel acquisitions from beauteousness capitals and liquid gold from their trading trading operations, hence maintaining a strong oddment sheet. On the another(prenominal) hand, in order to maintain a low embody social system, the company utilize its credit facilities as a pecuniary tie. This primarily enabled flexibleness in the measure of accessing the equity markets enabling future developing opportunities. other thing that helped the company in maintaining its low greet structure is that the management had signed an compact with its parent company, Genco exile and calling Limited. This bargain provided that Baltic profession would avail from the already established pic of Genco Shipping and trading Limited. The company had already established a well-recognized posture as being a low cost operator in the company. This encouraged investors in that the relationship between Baltic trading and Genco Shipping and transaction Limited was reverberate to positively touch the operations of the botch company.\n\nAnother thing reflected on Bal tic traffic mo force outary report that conformed to their vision and mission statements was the expanding upon of the modern hand of vessels. The company initially started with a lead of six vessels, exclusively by the end of the year 2010, they had acquired an redundant three vessels, carry their number of vessels to nine. This was in line with their objective, which was to aid future organiseing out and growth of the company by allocating a certain middlemation of funds to buying assets.\n\nBaltic works mission and vision was also linked, largely, to its strategic goals. unity of its strategies was to maintain a low debt structure to primarily cut out its cost structure. They did this efficaciously with the help of the already established status of its parent company. Another dodge was two manage a fine expire size of vessels. The number of vessels that Baltic Trading owns is nine, a number that is relatively small. By having a small win, the company was able to cut down on its available be and ontogeny on the outputs. This is evidence from the aggregate accuse the ships can transport which is 672,000 DWT. The fleet number is small but their relative work output is instead large. With the small fleet, it was balmy to manage the operations of the vessels to attain utmost profitability. The operational costs were also reduce in that there was a substantially small fag out force required to manage the operations of the ships.\n\nAnother dodge the company utilize was to employ a management aggroup that was already see in the dry spate- tape transport field. By doing so, they were able to create discrete relationships with the existing market almost instantly.\n\nThe mo wampumary performance of the company had a commodious relationship with the strategic goals of the company with respect to its mission and vision. In the year end December cardinal-first 2010, the company recorded a meshwork income of 8.3 one thousand thou sand dollars. The company also denote three dividends that were attendant that year for post IPO quarters that were eligible. This was in line with the vision of the company, which was to offer the financial community an opportunity to invest in a dry bulk transportation system company that focussed on the spot market. With a net income of 8.3 meg dollars from a impudently formed company, who would not want to invest in it? The total dividend price at the end of the year 2010 was 0.49 per share. This was remarkable as the full fleet of nine vessels was operated on only one quarter of the year, the break down quarter.\n\nAt the starting signal of the year, the company announced its first IPO, pitch in $210 billion. The result from this Initial Public Offering summed with a capital component part of 75 jillion dollars from Genco Shipping and Trading Limited enabled the leveraging of the extra fleets, which in turn triggered the increase of the annual net income of the com pany. This was because the new vessels change magnitude the output of the company by change magnitude the aggregate load of the fleet of vessels by more than 18%. With the objective of beef up their balance sheet, the company executed a credit line revolving $ 100 million with a swan in Finland known as the Nordea Bank. The strategy here was to use the $ 100 million eagerness to bridge financing to the fund in turn acquiring the three extra vessels. posterior that year, Baltic Trading enhanced it financial flexibility by amending the credit facility to more companionable terms and conditions by negotiations with the Nordea Bank.\n\nFor the year stop December 31 2010, the daily receiptss of the three additional vessels were $30,960, $17,921 and $14,819 for the Capesize, Supramax and Handysize respectively. The amount fleet revenue was 19, 692 dollars. The fleet expenses were as follows: $5081, $5297 and $4208 for the Capesize, Supramax and Handysize vessels. The average ex penses total to $5016. The three fleets would therefore bring an average net income of over $14000 daily. When this amount is metrical on an annual basis, the total revenues add up to $32,558,648 and the expenses sum up to $22,212,928 legal transfer the net income in advance taxes to $8,400,000. After taxes, the net income resulted to $8,322,435.\n\nBaltic trading had a market niche in the first place before initiating its operations. We find that the company was one of the very few dry bulk-shipping companies that focused on the spot market while maintaining a low cost structure. A spot market is whereby goods are sell and bought in hard cash and delivered neighboring(a)ly. Conversely, any contracts bought on the spot market are in effect(p) immediately. By immediate delivery, it means that the goods reach its destination in a months time or less, however, the goods delivered are traded before hand on the watercourse market prices.\n\n another(prenominal) opportunities for B altic Trading include the transport of other non-dry bulk goods such as inunct. However, the company has to invest heavily in equipment specialized in the transportation of such goods. Due to the already established low cost structure of the company, it would be easier to influence investors to put more funds in the company to hasten such growth. However, this opportunity also has its own weakness. Expanding to an oil shipping company would require that one conform to the strict regulative standards that control oil-shipping companies. The rare and sudden fluctuations of oil in the oil market would be hazardous to a novice oil transportation company. Trading oil in the spot market would also have fatal consequences for a new company joining the sector.\n\nHowever, if the company becomes successful in expanding to non-dry bulk shipping, the core would be tremendous. First, the net revenue would fling rocket considering the event that the company would be dealing in oil. The c urrent market prices for oil are rather high, devising oil shipping and transportation a viable tune contingency.\n\nA union would be quite a viable if Baltic Trading wished to venture into oil shipping and transportation. A company such as Maersk would be a very fitting contender for the conjugation. Maersk is an already established container ship operating company based in Denmark. With its wide networks and offices in over one hundred and thirty five countries, Baltic would greatly benefit from this merger. Maersk would also stand to benefit from this merger in that it would get the credibility from both Baltic Trading and its parent company. Baltic Traders would in essence work close with Maersk Tankers and benefit from the 20 crude carriers that the company owns.\n\nIn make the employees to increase their productiveness, I would formulate a strategy to respect the employees. The rewards would be primarily based on the employees productivity and output. The high hat em ployees from every plane section would be rewarded with vacations to foreign geta focusings every financial quarter. This would cost the company around $300,000 each year that is $100,000 per quarter. This amount would be minimal compared to the companys net income of $8.3 million. However, these rewards would go a long way in enhancing productivity of the employees.\n\nIn conclusion, it is clear that the strategies assiduous by Baltic Trading would encourage rock-loving and ethical contrast behaviors if conformed to to the letter. However, the greater job of ensuring that the strategies are employed effectively roost on the managerial staff, and to some extent, the get on of major shareholders.\n\n '