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Vaapad Capital
All positions

ASC

Industrials

Ardmore Shipping Corporation

Current positionSubscribers

No current live-book snapshot for ASC in this environment.

Weight, entry and P&L are read from the reconciled brokerage snapshot with a LIVE/STALE/FALLBACK/SHADOW freshness ribbon. When ASC is an open position in the founder's book, the figures render here for subscribers; otherwise this stays an honest empty state rather than showing fabricated numbers.

Why it moved today

ASC rose +4.28% versus its prior close (last 14.86 vs prior close 14.25) (as of 2026-07-02 20:40 UTC). The market was post at the time of this quote. This is a descriptive record of the move — not a forecast or a recommendation.

Rewards

  • ASC gives the book Industrials exposure — see how that sits in the overall sector mix.Sector allocation
  • ASC has 1 fully round-tripped call(s) on the public ledger — every one scored, winners and losers.Open the Call Ledger

Risks

  • ASC is a single, concentrated position in one founder's personal book — single-name risk, not a diversified fund.Full risk disclaimer
  • Past performance is not a reliable indicator of future results. Everything on this page is retrospective disclosure, not investment advice.Full disclaimer

Position scorecard

Track recordConvictionMomentumValueQuality
70avg / 100
  • Track record— 100% hit rate over 1 closed call.85
  • Conviction— Based on 16 recorded events.45
  • Momentum— Today +4.28% vs. prior close (single-session).63
  • Value— From 4 valuation multiples (lower = cheaper).85
  • Quality— From 4 profitability / balance-sheet metrics.71

A retrospective, descriptive summary derived from the facts on this page — the founder's own closed calls, recorded conviction, live position P&L and public third-party fundamentals. It is not a rating, price target, or buy/sell signal. Axes marked “n/a” lack sufficient inputs and are shown honestly rather than guessed. Past performance is not a reliable indicator of future results.

Fundamentals

Valuation multiples

Market cap
$606.33M
Enterprise value
$639.32M
P / E (TTM)Price to trailing earnings
11.26x
P / E (fwd)Price to forward earnings
17.38x
P / BPrice to book value
0.93x
P / S (TTM)Price to trailing sales
1.87x
EV / EBITDA
6.32x
Dividend yield
4.6%

Key financials

Revenue (TTM)
$324.12M
Revenue growthYear-over-year
+18.8%
Earnings growthYear-over-year
+316.4%
Profit margin
18.0%
Return on equity
9.0%
Debt / equity
0.16x
Free cash flow
-$66.37M
Beta (5y)Volatility vs. market
-0.01

Ownership & float

Shares outstanding
40.80M
Public float
34.53M
Institutional held
83.6%
Insider held
14.4%

Third-party market data (Yahoo Finance), for information only — retrospective and descriptive, not investment advice. Values may lag the latest filing. Fetched 02. Juli 26. Any metric the provider did not report is shown as “—” rather than estimated.

The thesis

No public thesis published for ASC yet.

The public thesis is drawn from the founder's published field notes. When a public note tagging ASC goes live, its thesis anchors this section. Subscriber-only notes are listed below as locked teasers — their content is never surfaced here.

Conviction history

  1. Trimming08. Apr. 26

    Trimmed position

    250 @ 15.172 EUR

  2. Exited08. Apr. 26

    Exited position

    250 @ 15.173 EUR

  3. Trimming08. Apr. 26

    Trimmed position

    485 @ 15.161 EUR

  4. Trimming08. Apr. 26

    Trimmed position

    100 @ 15.17 EUR

  5. Trimming31. März 26

    Trimmed position

    5 @ 15.362 EUR

  6. Trimming27. März 26

    Trimmed position

    10 @ 15.04 EUR

  7. Trimming27. März 26

    Trimmed position

    15 @ 15.155 EUR

  8. Trimming27. März 26

    Trimmed position

    14 @ 15.155 EUR

  9. Trimming18. März 26

    Trimmed position

    71 @ 14.381 EUR

  10. Adding20. Feb. 26

    Added to position

    500 @ 14.78 EUR

  11. Trimming20. Feb. 26

    Trimmed position

    300 @ 14.75 EUR

  12. Trimming20. Feb. 26

    Trimmed position

    700 @ 14.86 EUR

  13. Trimming20. Feb. 26

    Trimmed position

    300 @ 14.86 EUR

  14. Trimming19. Feb. 26

    Trimmed position

    1,000 @ 14.75 EUR

  15. Adding19. Feb. 26

    Added to position

    1,500 @ 14.805 EUR

  16. Building19. Feb. 26

    Entered — building position

    1,500 @ 14.789 EUR

Position history

16 fillsNet 0 unitsBought 3,500Sold 3,50019. Feb. 26 → 08. Apr. 26
DateActionQtyPriceValueRunning net
08. Apr. 26SELL25015.173 EUR3,793.2 EUR0
08. Apr. 26SELL25015.172 EUR3,793 EUR250
08. Apr. 26SELL10015.17 EUR1,517 EUR500
08. Apr. 26SELL48515.161 EUR7,353.04 EUR600
31. März 26SELL515.362 EUR76.81 EUR1,085
27. März 26SELL1015.04 EUR150.4 EUR1,090
27. März 26SELL1415.155 EUR212.17 EUR1,100
27. März 26SELL1515.155 EUR227.33 EUR1,114
18. März 26SELL7114.381 EUR1,021.03 EUR1,129
20. Feb. 26BUY50014.78 EUR7,389.95 EUR1,200
20. Feb. 26SELL30014.75 EUR4,425 EUR700
20. Feb. 26SELL30014.86 EUR4,458 EUR1,000
20. Feb. 26SELL70014.86 EUR10,402 EUR1,300
19. Feb. 26SELL1,00014.75 EUR14,750 EUR2,000
19. Feb. 26BUY1,50014.805 EUR22,207.5 EUR3,000
19. Feb. 26BUY1,50014.789 EUR22,183.2 EUR1,500
Reconciled from the founder's brokerage record. Running net is the signed inventory after each fill — EUR prices as executed. Retrospective disclosure, not advice.

ASC on the Call Ledger

ClosedDirEntry → ExitHoldReturn
08. Apr. 26LONG14.794 → 14.908 EUR47d+0,77%
See the full Call Ledger →

Field notes mentioning ASC

No field notes mention ASC yet. Browse all field notes →

This page is a retrospective, descriptive disclosure of a single position in the founder's personal trading account — reconciled against IBKR Flex. Not investment advice and not a solicitation to buy or sell any security. Weight, entry and P&L are stamped with the data-freshness state; live figures may lag. Past performance is not a reliable indicator of future results.Diese Seite ist eine rückblickende Darstellung einer einzelnen Position im persönlichen Handelskonto des Gründers, abgeglichen mit IBKR Flex — keine Anlageberatung. Frühere Wertentwicklung ist kein verlässlicher Indikator für künftige Ergebnisse.Full disclaimer