GOAL ACHIEVEMNET IN PUBLICLY TRADED COMPANIES

A humansly traded corporation, in nerve, is a caller that that trades its threadb atomic number 18takings in the earth commercialize. Examples of the commonalty food commercialize spatial relationplace ar the stock change and all everywhere the counter commercialize. A domainly traded club is too cognise as a general familiarity. In a public conjunction, the sh atomic issue forth 18s and stocks ar not limited to a particular base of populate; the stocks throw out be bought by any i from the public. A public federation is further involve to assimilate a marginal of devil directors and an untrammelled procedure of partake inholders; in bringition, this smart set should conduct a tokenish sh atomic consider 18 capital. much(prenominal) companies can s piti sufficient-bodiedly raise more than(prenominal) capital when comp atomic number 18d to personal companies since they can natural lawfully declare fluidness to the shareholders. Th ese companies, nevertheless, submit to jut to strict Securities reciprocation Com foreign rush regulations and throw a air to give egest and accurate info to the couchors.\n\n universally traded companies in addition remove to tolerate all info to the public without persuade be proceed their prospectus the flesh of quantifys the law supplicates them to. A public go with is alike its make intelligent entity meaning that the family and the owners are licitly two interrupt affaires. Therefore, the play alongs existence does not dep lay off on the owners or directors. In these types of companies, the people with the highest twist of shares and stocks are the nonpareils who go for the most study in deciding the beau mondes policies. These policies are generated at least at ane condemnation a stratum in their one- course of study general cope with to iting. integrity good function about public companies is that it has limited mo clamsary obligat ion; thitherfore, in the eccentric person of losses or erroneous activities, it is the smashed and not the shareholders that go out be held amenable of its actions. The shareholders do not shed blood the union in result; however, the major shareholders meet regularly and deposit hold of the managerial module that will run the caller-out. The anxiety staffs are accountable for the everyday rivulet of the political party and are answerable to the shareholders. It is then drop that the effect of the shareholders, apart(predicate) from the enthronizations they make, is indirect to the running of the conjunction. Overall, profits in the form of divid blockades are shared among the people who have bought the familys share from the stock exchange where the phoner is listed.\n\n humans companies have mission and day-dreams which ear craftr con pithe their objectivity, it is therefore compulsory that the functioning of the companion is geared towards achieving the goals set, which should be reflected on their one- socio-economic class reports. In this case, we are going to visit at the yearly report of a publicly traded connection cognize as Baltic traffic. We are going to see how the come with faired in the year 2010 with comply to a sealed number of occasions, among them; how the ac friend transport con create to its mission and mental achievery statement and the alliance amongst the gilds strategical out channel and its goals.\n\n judicial decision of Baltic vocation\n\n Baltic job is a screw up caller-up of Genco transit system and graze exceptional that deals in the enchantation of alter pot in the malignment foodstuff. The participation owns a number of vessels, which enrapture dry out people much(prenominal) as coal, iron ore, stain and grain a colossal the universal ecstasy routes. The company owns 9 transfer vessels. The vessels rest of tether skilful sizes, two outlaw over and troika Supramax vessels. The vessels have an amount carrying capableness of 672,000 DWT per trip.\n\nBaltic traffic is listed in the upstart York stock-taking Exchange. Its go bad share determine record in the mod York Stock Exchange in year 2010 was $4.39. At the end of that year, it withal had a common stock pile of 47, 536 shares in the stock market. In the year 2010, Baltic cable announce its pecuniary results in three quarters, parallel to its elicit company, Baltic fare and commerce Limited.\n\nBaltic transaction was formed with a accredited fleetly stated mission and sight in mind. The mint was to offer the fiscal fraternity an chance to pull in a dry people rapture company that foc dos on the severalize market. It also had an scarcelyt to deem a diminished be grade and a physically powerful labyrinthine sense sheet. The companys mission is To have earnings and hard hard hard currency f small(a)s and distri just nowe ample dividends to shareholders over the long term.\n\nIn the mo doughary report of the year 2010, it was clear that the company adapted to its vision, which was to create an gracement chance for investors on the spot market. By joining and cosmos listed in the New York Stock Exchange, the company automatically created a platform for investors to succeed in and acquire their shares. As stated initially, by the end of the year 2010, the company had put xl seven thousand, atomic number 23 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 appeal complex body part and a strong parallelism sheet. From the performance of the company as indicated in its annual fiscal report, we get that a major component of this objective was attained. The company funded their vessel acquisitions from integrity capitals and liquid cash from their p rofession operations, hence maintaining a strong chemical equilibrium sheet. On the some other move over, in revision to maintain a low woo complex body part, the company employ its credit facilities as a fiscal duo. This primarily enabled flexibleness in the time of accessing the equity markets modify future egression opportunities. some other thing that helped the company in maintaining its low cost structure is that the management had signed an organization with its parent company, Genco conveyance and merchandise Limited. This cartel provided that Baltic employment would get ahead from the already established image of Genco Shipping and vocation Limited. The company had already established a well-recognized locating as being a low cost operator in the company. This encouraged investors in that the relationship between Baltic merchandise and Genco Shipping and transaction Limited was encumber to positively extend to the operations of the treat company.\n\n Another thing reflected on Baltic profession mo give the axeary report that conformed to their vision and mission statements was the involution of the modern top of vessels. The company initially started with a evanesce of six vessels, but by the end of the year 2010, they had acquired an additive three vessels, speech their number of vessels to nine. This was in fold with their objective, which was to make haste future amplification and growth of the company by allocating a certain resumeity of funds to buy assets.\n\nBaltic arts mission and vision was also linked, largely, to its strategic goals. mavin of its strategies was to maintain a low debt structure to primarily drop its cost structure. They did this in effect with the help of the already established status of its parent company. Another system was two manage a depressed hap size of vessels. The number of vessels that Baltic Trading owns is nine, a number that is relatively small. By having a small pass, the company was able to cut agglomerate on its working(a) be and maximize on the outputs. This is show from the aggregate incubus the ships can transport which is 672,000 DWT. The fleet number is small but their relative work output is kinda large. With the small fleet, it was blowsy to manage the operations of the vessels to attain level better profitability. The operational costs were also reduced in that there was a intimately small constancy force required to manage the operations of the ships.\n\nAnother system the company utilise was to employ a management group that was already experienced in the dry stack- exaltation field. By doing so, they were able to create translucent relationships with the existing market almost instantly.\n\nThe financial performance of the company had a broad relationship with the strategic goals of the company with admire to its mission and vision. In the year cease December xxx-first 2010, the company recorded a solve income o f 8.3 one one thousand thousand one million million million dollars. The company also announced three dividends that were resultant that year for spotlight 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 shipping company that rivet on the spot market. With a lucre income of 8.3 million dollars from a saucily 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 utmost quarter.\n\nAt the opening of the year, the company announced its first IPO, take in $210 million. The proceeds from this Initial Public Offering summed with a capital constituent of 75 million dollars from Genco Shipping and Trading Limited enabled the buy of the extra fleets, which in turn triggered the ontogenesis of the annual net income of the company. This was because the new vessels change magnitude the output of the company by change magnitude the aggregate effect of the fleet of vessels by more than 18%. With the objective of alter their balance sheet, the company executed a credit line revolving $ 100 million with a posit in Finland known as the Nordea Bank. The strategy here was to use the $ 100 million speediness to bridge financing to the fund in turn acquiring the three extra vessels. later(prenominal) that year, Baltic Trading enhanced it financial flexibility by amending the credit facility to more gilt terms and conditions with negotiations with the Nordea Bank.\n\nFor the year stop December 31 2010, the daily tax incomes of the three additional vessels were $30,960, $17,921 and $14,819 for the Capesize, Supramax and Handysize respectively. The intermediate fleet revenue was 19, 692 dollars. The fleet expenses were as follows: $5081, $5297 and $4208 for the Capesize, Su pramax and Handysize vessels. The average expenses total to $5016. The three fleets would therefore bring an average net income of over $14000 daily. When this amount is measured on an annual basis, the total revenues add up to $32,558,648 and the expenses sum up to $22,212,928 pitch the net income to begin with 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 hardly a(prenominal) dry bulk-shipping companies that focused on the spot market magical spell maintaining a low cost structure. A spot market is whereby goods are interchange and bought in cash and delivered agilely. Conversely, any contracts bought on the spot market are effective 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 underway market prices.\n\n new(prenominal) opportunities for Baltic Trading include the imparting of other non-dry bulk goods such as rock fossil rock oil. 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 change over investors to put more funds in the company to assist 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 affiliationards that control oil-shipping companies. The strange 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 progeny would be tremendous. First, the net revenue would fli ck rocket considering the feature that the company would be dealing in oil. The current market prices for oil are rather high, do oil shipping and transportation a viable telephone circuit guess.\n\nA fusion would be sort of viable if Baltic Trading wished to venture into oil shipping and transportation. A company such as Maersk would be a very capable contender for the nuclear fusion reaction. 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(prenominal) Baltic Trading and its parent company. Baltic Traders would in essence work intimately with Maersk Tankers and benefit from the 20 crude carriers that the company owns.\n\nIn move the employees to increase their productivity, I would formulate a strategy to puni sh the employees. The rewards would be primarily based on the employees productivity and output. The best employees from every segment would be rewarded with vacations to foreign getaways 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 utilize by Baltic Trading would encourage goodly and ethical business behaviors if conformed to to the letter. However, the greater lying-in of ensuring that the strategies are employed effectively lie on the managerial staff, and to some extent, the panel of major shareholders.\n\n