GOGL - Second Quarter 2018 Results
GOGL - Second Quarter 2018 Results
Golden Ocean Group Limited (NASDAQ: GOGL / OSE: GOGL) (the "Company" or "Golden Ocean"), a leading dry bulk shipping company, today announced its results for the quarter ended June 30, 2018.
Highlights
* Net income of $9.0 million and earnings per share of $0.06 for the second quarter of 2018, compared with net income of $16.7 million and earnings per share of $0.12 for the first quarter of 2018 and net loss of $12.0 million and loss per share of $0.10 for the second quarter of 2017. Net income of $25.7 million and earnings per share of $0.18 for the first six months of 2018, compared with net loss of $29.8 million and loss per share of $0.26 for the first six months of 2017
* Adjusted EBITDA of $54.0 million for the second quarter of 2018, compared with $53.3 million for the first quarter of 2018 and $29.7 million for the second quarter of 2017
* Entered into a $120 million loan facility to refinance 10 vessels on favorable terms
* Delivered the Golden Eminence, a Panamax vessel, to her new owner in early August 2018
* Signed contracts to install exhaust gas scrubbers on 16 Capesize vessels and options for 9 additional installations
* Announces a cash dividend of $0.10 per share for the second quarter of 2018
Birgitte Ringstad Vartdal, Chief Executive Officer of Golden Ocean Management AS, commented:
"Golden Ocean generated positive results once again in the second quarter. The market continues to strengthen over the summer, in particular for Capesize vessels. The Company is currently benefiting from the strategic decision to focus our fleet on larger vessel classes as this maximizes the Company's leverage to improving markets. We have a fleet of modern, fuel efficient vessels, and the steps we are taking to optimize the fleet by installing scrubbers will further position the Company ahead of the implementation of new caps on sulphur emissions."
The Board of Directors
Hamilton, Bermuda
August 17, 2018
Questions should be directed to:
Birgitte Ringstad Vartdal: Chief Executive Officer, Golden Ocean Management AS
+47 22 01 73 53
Per Heiberg: Chief Financial Officer, Golden Ocean Management AS
+47 22 01 73 45
The full report is available in the link below.
Forward Looking Statements
Matters discussed in this report may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements, which include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. Words such as "believe," "anticipate," "intends," "estimate," "forecast," "project," "plan," "potential," "may," "will," "should," "expect," "pending" and similar expressions identify forward-looking statements. The forward-looking statements in this report are based upon various assumptions. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.
In addition to these important factors and matters discussed elsewhere herein, important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies, fluctuations in currencies and interest rates, general market conditions, including fluctuations in charter hire rates and vessel values, changes in demand in the dry bulk market, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents, political events or acts by terrorists, and other important factors described from time to time in the reports filed by the Company with the U.S. Securities and Exchange Commission.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
https://newsweb.oslobors.no/message/457425
Golden Ocean Group Limited (NASDAQ: GOGL / OSE: GOGL) (the "Company" or "Golden Ocean"), a leading dry bulk shipping company, today announced its results for the quarter ended June 30, 2018.
Highlights
* Net income of $9.0 million and earnings per share of $0.06 for the second quarter of 2018, compared with net income of $16.7 million and earnings per share of $0.12 for the first quarter of 2018 and net loss of $12.0 million and loss per share of $0.10 for the second quarter of 2017. Net income of $25.7 million and earnings per share of $0.18 for the first six months of 2018, compared with net loss of $29.8 million and loss per share of $0.26 for the first six months of 2017
* Adjusted EBITDA of $54.0 million for the second quarter of 2018, compared with $53.3 million for the first quarter of 2018 and $29.7 million for the second quarter of 2017
* Entered into a $120 million loan facility to refinance 10 vessels on favorable terms
* Delivered the Golden Eminence, a Panamax vessel, to her new owner in early August 2018
* Signed contracts to install exhaust gas scrubbers on 16 Capesize vessels and options for 9 additional installations
* Announces a cash dividend of $0.10 per share for the second quarter of 2018
Birgitte Ringstad Vartdal, Chief Executive Officer of Golden Ocean Management AS, commented:
"Golden Ocean generated positive results once again in the second quarter. The market continues to strengthen over the summer, in particular for Capesize vessels. The Company is currently benefiting from the strategic decision to focus our fleet on larger vessel classes as this maximizes the Company's leverage to improving markets. We have a fleet of modern, fuel efficient vessels, and the steps we are taking to optimize the fleet by installing scrubbers will further position the Company ahead of the implementation of new caps on sulphur emissions."
The Board of Directors
Hamilton, Bermuda
August 17, 2018
Questions should be directed to:
Birgitte Ringstad Vartdal: Chief Executive Officer, Golden Ocean Management AS
+47 22 01 73 53
Per Heiberg: Chief Financial Officer, Golden Ocean Management AS
+47 22 01 73 45
The full report is available in the link below.
Forward Looking Statements
Matters discussed in this report may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements, which include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. Words such as "believe," "anticipate," "intends," "estimate," "forecast," "project," "plan," "potential," "may," "will," "should," "expect," "pending" and similar expressions identify forward-looking statements. The forward-looking statements in this report are based upon various assumptions. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.
In addition to these important factors and matters discussed elsewhere herein, important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies, fluctuations in currencies and interest rates, general market conditions, including fluctuations in charter hire rates and vessel values, changes in demand in the dry bulk market, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents, political events or acts by terrorists, and other important factors described from time to time in the reports filed by the Company with the U.S. Securities and Exchange Commission.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
https://newsweb.oslobors.no/message/457425
Redigert 17.08.2018 kl 08:47
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Sa2ri
17.08.2018 kl 08:15
4893
Utbyttet opprettholdes med $0,10.
"The record date for the dividend will be September 6, 2018. The ex-dividend date is expected to be September 5, 2018 and the dividend will be paid on or about September 20, 2018."
I tillegg er denne kommentaren verd å merke seg:
"We have a fleet of modern, fuel efficient vessels, and the steps we are taking to optimize the fleet by installing scrubbers will further position the Company ahead of the implementation of new caps on sulphur emissions."
Tar like greit med dette også fra rapporten:
"As of the date of this report, the Company has entered into the following fixed rate time charter contracts:
(i) Fixed rate coverage, including forward freight agreements, for 12 Capesize vessels for 2018 at an average gross rate of approximately $17,960 per day.
(ii) Seven Panamax vessels on fixed rate time charter contracts, two of which expire in the first half of 2019 and five of which expire between January 2020 and December 2021, at an average gross rate of approximately $19,540 per day for the remainder of 2018.
The remaining fleet is trading in the spot market, in spot pools or on short term charters, some with floor and ceiling structure, expiring within the next 6 to 11 months.
The Company has entered into an agreement to purchase 16 exhaust gas scrubbers with an option to purchase nine additional scrubbers to be installed on certain of its Capesize vessels. The initial 16 scrubbers will be installed during routine dry docking schedules, and the majority of these installations will be completed in 2019 or early 2020."
"The record date for the dividend will be September 6, 2018. The ex-dividend date is expected to be September 5, 2018 and the dividend will be paid on or about September 20, 2018."
I tillegg er denne kommentaren verd å merke seg:
"We have a fleet of modern, fuel efficient vessels, and the steps we are taking to optimize the fleet by installing scrubbers will further position the Company ahead of the implementation of new caps on sulphur emissions."
Tar like greit med dette også fra rapporten:
"As of the date of this report, the Company has entered into the following fixed rate time charter contracts:
(i) Fixed rate coverage, including forward freight agreements, for 12 Capesize vessels for 2018 at an average gross rate of approximately $17,960 per day.
(ii) Seven Panamax vessels on fixed rate time charter contracts, two of which expire in the first half of 2019 and five of which expire between January 2020 and December 2021, at an average gross rate of approximately $19,540 per day for the remainder of 2018.
The remaining fleet is trading in the spot market, in spot pools or on short term charters, some with floor and ceiling structure, expiring within the next 6 to 11 months.
The Company has entered into an agreement to purchase 16 exhaust gas scrubbers with an option to purchase nine additional scrubbers to be installed on certain of its Capesize vessels. The initial 16 scrubbers will be installed during routine dry docking schedules, and the majority of these installations will be completed in 2019 or early 2020."
Redigert 17.08.2018 kl 08:19
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KJEPET
17.08.2018 kl 08:35
4726
Meget god å stø kurs dette. Bedre enn ventet over hele linja. Godt å se at de er på hugget når det gjelder scrubbere også.
Guidingen er jo så positivt som det er mulig å få ut av nøkterne Vartdal. Ser vi får et svært positivt bidrag til Q3 resultatet etter salget av en panamax i tillegg til de sterke ratene.
Ser at GOGL sluttet på over 80.- i US i etterhandelen i går kveld. Noen fikk det brått travelt med å hive seg på karusellen:-)
Guidingen er jo så positivt som det er mulig å få ut av nøkterne Vartdal. Ser vi får et svært positivt bidrag til Q3 resultatet etter salget av en panamax i tillegg til de sterke ratene.
Ser at GOGL sluttet på over 80.- i US i etterhandelen i går kveld. Noen fikk det brått travelt med å hive seg på karusellen:-)
Redigert 17.08.2018 kl 08:44
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Sa2ri
17.08.2018 kl 09:27
4362
Noen klipp fra et par oppdateringer som har blitt sluppet så langt:
PAS:
"Numbers slightly above – 10 cents of divi maintained
Q2 EBITDA of USD 50m is in line with our estimate, but some 11% above consensus. Financial items also
in line with our expectations, implying an underlying EPS of USD 0.05, a cent ahead of consensus. The
dividend is kept at USD 0.1 for the third consecutive quarter, with three quarter rolling pay-out ratio of
~100% now. With no more capex and rising EPS (we currently expect ~USD 0.7 for H2’18) we see an
increase here as likely in Q3. As expected given Frontline/Seatankers’ recent involvement in scrubber
company Feen Marine GOGL says it will install scrubbers on 16 of its capesizes – with options for another
nine. All in all a report just ahead of expectations, bearing promise of what is to come in the second half
of this year when capesize rates have accelerated. Current NAV of USD 9.1 / NOK 77, implying unusual
discount at current share price. BUY TP USD 11.5 (NOK 97)
Rather uneventful report – numbers fairly as expected
Average TCE rate of ~USD 15,000/day, and overall the operating result is very much in line with our
estimates. Preliminary we would expect the average TCE-rate to rise by USD 3,500 – 4,000/day in Q3
– which at ~7,700 vessel days would increase revenues and EPS by USD 29m and USD 0.2
respectively. All in all we see this as a fairly non-eventful report, with perhaps the major news being
the announcement of installation of 16 (plus options for another nine) scrubber systems. GOGL
completed the previously rumoured sale of the panamax Golden Eminence (2010/Jinhai Heavy) for
USD 14.7m; no impact on our NAV. With a strong cash-flow generation at the moment we believe an
increase of the USD 0.1/share dividend (running 5% yield) will be on the cards after Q3. Expect no
changes to estimates here, though Q4 expectations are likely to heat up (for capesizes).
In a strong position with enhanced capesize fleet – BUY TP NOK 97 (USD 11.5)
We continue to highlight GOGL as one of our top picks in shipping, trading now just below our NAV
estimate of ~USD 9/share. With more than 70% of its EV within capesizes (only beaten by BULK NS
among its peer group) the earnings power is solid, and at current run-rate (also taking into account
the lagging panamax/supramax segments) GOGL would generate an EPS of ~USD 1.2. We are ~7%
above consensus estimates in 2019, and expect positive revisions. This, along with higher dividends as
earnings are rising (75% pay-out in H2’18 could imply around USD 0.5 of dividends for two quarters
alone) will bring the share price higher. BUY TP USD 11.5, with another 10% uptick in values bringing
NAV from ~USD 9 to ~USD 10.7 – which along with historical NAV-premium of 20% would lift the
share price towards USD 13 (NOK 110)"
***********************************************************************************
SB1M:
"Golden Ocean Q2 18– First take, Q2 results came in slightly higher than expected, declaring USD 0,1/share in cash dividend for Q2
Conclusion
GOGL reported numbers ahead of both our own expecatations and consensus. The company announces a cash dividend of USD 0,1/share for the second quarter 2018.
Q2-18 EBITDA (adj) came in at USD 46m, which was 6% higher than our forecast of USD 43.3m and line with consensus at USD 46m. Management states a positive market outlook and expect to benefit from a large and fuel efficient modern fleet ahead of new sulphur emission regulations in 2020. Contracts to install exhaust gas scrubbers on 16 Capesize vessels and options for 9 additional installations have been signed. A conference call is scheduled for 3pm CEsT.
What's new?
Golden Ocean reported Q2 results this morning.
Our analysis
- Golden Ocean reported Q2 numbers this morning. EBITDA and TCE revenue arrived at USD46m and 108m (higher than SB1M estimate of USD 43,3m and USD 98m), compared to consensus at USD 46m and USD 104m. The intra quarter earnings volatility in the first half 2018 has been significant
- Declaring a cash dividend of USD 0.10/share shows confidence in the company's ability to generate earnings in a market where the fundamentals are expected to continue to improve.
- As we are well into the 3rd quarter, the focus will be on 2nd half of the year and what to expect entering the seasonal stronger markets.
- Market outlook: The company is encouraged by the reported slowing of newbuilding orders and expected low fleet growth going forward.
- Management states a positive market outlook and expect to benefit from a large and fuel efficient modern fleet ahead of new Sulphur emission regulations in 2020. Contracts to install exhaust gas scrubbers on 16 Capesize vessels and options for 9 additional installations have been signed.
- A slightly positive report and we expect a somewhat positive revision of consensus earnings."
***************************************************************************************************
ARC:
"Q2/18 First read: Welcome to the scrubber club
Golden Ocean just released Q2/18 results that were slightly above expectations and declared a cash dividend as expected. The key highlight in the report was the announcement of signing contracts to install scrubbers on 16x Capes (plus options for another 9x). We support the move, and we calculate significant fuel savings for vessels fitted with scrubbers from January 2020. GOGL reiterates its strong market outlook, and with a young and fuel-efficient fleet, the Company is well positioned ahead of the implementation of the IMO 2020 regulations. We see the share price trading higher vs the market on the back of the results.
· Earnings slightly above estimates – GOGL reported Q2/18 EBITDA of USD 49.6m (+2% vs Arctic, +11% vs Bloomberg Consensus) with an EPS of USD 0.06 (Arctic: USD 0.05, Cons.: USD 0.04). As such, the results came in marginally above expectations. Average TCE rate for the fleet was USD 15.2k/day compared to our USD 14.3k/day estimate. Charterhire expenses decreased from the previous quarter, reflecting decreased short-term charter-in activity.
· Dividend as expected – In line with our estimate, GOGL declared a dividend of USD 0.10/share after reinstating dividends in Q4 for the first time in three years. This reflects an annualized dividend yield of ~4.6%. The record date for the dividend will be September 6, 2018.
· Putting scrubbers on 16x Capes – Golden Ocean announced that it has signed contracts to install scrubbers on 16x Capes (plus options for another 9x). We support the move, and we calculate significant fuel savings for vessels fitted with scrubbers from January 2020. With a young and fuel-efficient fleet, GOGL is well positioned ahead of the implementation of the IMO 2020 regulations, and the addition of scrubbers will enhance the attractiveness of the fleet further. The installations of the scrubbers will be timed with scheduled dry dockings.
· Strong market outlook reiterated - GOGL says fleet utilization in the market has continued to improve and that the market outlook appears positive for ton-mile demand growth on the back of a strong economic climate. Global steel production continuing to improve, high steel prices and margins, dropping steel inventories, falling domestic production of iron ore in China, increasing coal trade, as well as an expected increase in iron ore production from Vale, are factors pointing to a strong outlook for dry bulk demand going forward. GOGL notes that asset values have increased during Q2, particularly for Capesize vessels, which is due to improved earnings and rising sellers' expectations. GOGL expects the new Sulphur regulations to increase the competitive advantage for fuel-efficient vessels significantly, and with an average age of 5 years (Capesize vessels: 4 years), GOGL is well positioned to benefit.
· GOGL will host a conference call today at 15.00pm CET (09.00am New York time). Dial-in number is +47 800 149 47 (Norway), +1 129-477-0402 (US), +44 (0)330 336 9410 (International), with conference ID 1337218. A webcast will be available at www.goldenocean.bm"
PAS:
"Numbers slightly above – 10 cents of divi maintained
Q2 EBITDA of USD 50m is in line with our estimate, but some 11% above consensus. Financial items also
in line with our expectations, implying an underlying EPS of USD 0.05, a cent ahead of consensus. The
dividend is kept at USD 0.1 for the third consecutive quarter, with three quarter rolling pay-out ratio of
~100% now. With no more capex and rising EPS (we currently expect ~USD 0.7 for H2’18) we see an
increase here as likely in Q3. As expected given Frontline/Seatankers’ recent involvement in scrubber
company Feen Marine GOGL says it will install scrubbers on 16 of its capesizes – with options for another
nine. All in all a report just ahead of expectations, bearing promise of what is to come in the second half
of this year when capesize rates have accelerated. Current NAV of USD 9.1 / NOK 77, implying unusual
discount at current share price. BUY TP USD 11.5 (NOK 97)
Rather uneventful report – numbers fairly as expected
Average TCE rate of ~USD 15,000/day, and overall the operating result is very much in line with our
estimates. Preliminary we would expect the average TCE-rate to rise by USD 3,500 – 4,000/day in Q3
– which at ~7,700 vessel days would increase revenues and EPS by USD 29m and USD 0.2
respectively. All in all we see this as a fairly non-eventful report, with perhaps the major news being
the announcement of installation of 16 (plus options for another nine) scrubber systems. GOGL
completed the previously rumoured sale of the panamax Golden Eminence (2010/Jinhai Heavy) for
USD 14.7m; no impact on our NAV. With a strong cash-flow generation at the moment we believe an
increase of the USD 0.1/share dividend (running 5% yield) will be on the cards after Q3. Expect no
changes to estimates here, though Q4 expectations are likely to heat up (for capesizes).
In a strong position with enhanced capesize fleet – BUY TP NOK 97 (USD 11.5)
We continue to highlight GOGL as one of our top picks in shipping, trading now just below our NAV
estimate of ~USD 9/share. With more than 70% of its EV within capesizes (only beaten by BULK NS
among its peer group) the earnings power is solid, and at current run-rate (also taking into account
the lagging panamax/supramax segments) GOGL would generate an EPS of ~USD 1.2. We are ~7%
above consensus estimates in 2019, and expect positive revisions. This, along with higher dividends as
earnings are rising (75% pay-out in H2’18 could imply around USD 0.5 of dividends for two quarters
alone) will bring the share price higher. BUY TP USD 11.5, with another 10% uptick in values bringing
NAV from ~USD 9 to ~USD 10.7 – which along with historical NAV-premium of 20% would lift the
share price towards USD 13 (NOK 110)"
***********************************************************************************
SB1M:
"Golden Ocean Q2 18– First take, Q2 results came in slightly higher than expected, declaring USD 0,1/share in cash dividend for Q2
Conclusion
GOGL reported numbers ahead of both our own expecatations and consensus. The company announces a cash dividend of USD 0,1/share for the second quarter 2018.
Q2-18 EBITDA (adj) came in at USD 46m, which was 6% higher than our forecast of USD 43.3m and line with consensus at USD 46m. Management states a positive market outlook and expect to benefit from a large and fuel efficient modern fleet ahead of new sulphur emission regulations in 2020. Contracts to install exhaust gas scrubbers on 16 Capesize vessels and options for 9 additional installations have been signed. A conference call is scheduled for 3pm CEsT.
What's new?
Golden Ocean reported Q2 results this morning.
Our analysis
- Golden Ocean reported Q2 numbers this morning. EBITDA and TCE revenue arrived at USD46m and 108m (higher than SB1M estimate of USD 43,3m and USD 98m), compared to consensus at USD 46m and USD 104m. The intra quarter earnings volatility in the first half 2018 has been significant
- Declaring a cash dividend of USD 0.10/share shows confidence in the company's ability to generate earnings in a market where the fundamentals are expected to continue to improve.
- As we are well into the 3rd quarter, the focus will be on 2nd half of the year and what to expect entering the seasonal stronger markets.
- Market outlook: The company is encouraged by the reported slowing of newbuilding orders and expected low fleet growth going forward.
- Management states a positive market outlook and expect to benefit from a large and fuel efficient modern fleet ahead of new Sulphur emission regulations in 2020. Contracts to install exhaust gas scrubbers on 16 Capesize vessels and options for 9 additional installations have been signed.
- A slightly positive report and we expect a somewhat positive revision of consensus earnings."
***************************************************************************************************
ARC:
"Q2/18 First read: Welcome to the scrubber club
Golden Ocean just released Q2/18 results that were slightly above expectations and declared a cash dividend as expected. The key highlight in the report was the announcement of signing contracts to install scrubbers on 16x Capes (plus options for another 9x). We support the move, and we calculate significant fuel savings for vessels fitted with scrubbers from January 2020. GOGL reiterates its strong market outlook, and with a young and fuel-efficient fleet, the Company is well positioned ahead of the implementation of the IMO 2020 regulations. We see the share price trading higher vs the market on the back of the results.
· Earnings slightly above estimates – GOGL reported Q2/18 EBITDA of USD 49.6m (+2% vs Arctic, +11% vs Bloomberg Consensus) with an EPS of USD 0.06 (Arctic: USD 0.05, Cons.: USD 0.04). As such, the results came in marginally above expectations. Average TCE rate for the fleet was USD 15.2k/day compared to our USD 14.3k/day estimate. Charterhire expenses decreased from the previous quarter, reflecting decreased short-term charter-in activity.
· Dividend as expected – In line with our estimate, GOGL declared a dividend of USD 0.10/share after reinstating dividends in Q4 for the first time in three years. This reflects an annualized dividend yield of ~4.6%. The record date for the dividend will be September 6, 2018.
· Putting scrubbers on 16x Capes – Golden Ocean announced that it has signed contracts to install scrubbers on 16x Capes (plus options for another 9x). We support the move, and we calculate significant fuel savings for vessels fitted with scrubbers from January 2020. With a young and fuel-efficient fleet, GOGL is well positioned ahead of the implementation of the IMO 2020 regulations, and the addition of scrubbers will enhance the attractiveness of the fleet further. The installations of the scrubbers will be timed with scheduled dry dockings.
· Strong market outlook reiterated - GOGL says fleet utilization in the market has continued to improve and that the market outlook appears positive for ton-mile demand growth on the back of a strong economic climate. Global steel production continuing to improve, high steel prices and margins, dropping steel inventories, falling domestic production of iron ore in China, increasing coal trade, as well as an expected increase in iron ore production from Vale, are factors pointing to a strong outlook for dry bulk demand going forward. GOGL notes that asset values have increased during Q2, particularly for Capesize vessels, which is due to improved earnings and rising sellers' expectations. GOGL expects the new Sulphur regulations to increase the competitive advantage for fuel-efficient vessels significantly, and with an average age of 5 years (Capesize vessels: 4 years), GOGL is well positioned to benefit.
· GOGL will host a conference call today at 15.00pm CET (09.00am New York time). Dial-in number is +47 800 149 47 (Norway), +1 129-477-0402 (US), +44 (0)330 336 9410 (International), with conference ID 1337218. A webcast will be available at www.goldenocean.bm"
Redigert 17.08.2018 kl 09:28
Du må logge inn for å svare
KJEPET
17.08.2018 kl 09:42
4261
Tålmodighet lønner seg alltid. Mange som har gitt bort MYE penger bare de siste 14 dagene. Folk leser for mye headlines på nettet og bruker ikke tiden på det fundamentale, som er det viktigste som investor.
Mollen
17.08.2018 kl 09:51
4191
Tipper roboten til Old Mutual begynner å dekke shorten ved brudd over 77 kr. Da blir det moro
KJEPET
17.08.2018 kl 09:55
4165
Ja, shorterne har fått litt å tenke på nå:-)
Men GOGL handles fortsatt under NAV. Historisk sett er det ikke ofte man har muligheten til å kjøpe aksjer i GOGL til under NAV.
Men GOGL handles fortsatt under NAV. Historisk sett er det ikke ofte man har muligheten til å kjøpe aksjer i GOGL til under NAV.
Mollen
17.08.2018 kl 10:46
4021
GOGL har i dagens handel dannet en nermest perfekt omvendt hode skulderformasjon og bruddet videre opp er nå igang.
KJEPET
17.08.2018 kl 10:50
4002
For at OHS-en skal være gyldig bør vi stenge over 77.- på høyt volum. Høyt volum er det jo. Mitt tips er at vi stenger på 78,75.- i dag :-)
Kbkristi
17.08.2018 kl 10:58
3966
Oxford gikk jo igår ut av lista, og de har pleid å kjøpe ca 150k de dagene de har dekket short. Så derfor kan de godt fortsatt ha opptil 700k short.
Vi bør jo etablere oss rundt kr 80 nå, så da blir det meget dyrt å sitte short.
Flotte tall fra Gogl, og bedre blir det.
Vi bør jo etablere oss rundt kr 80 nå, så da blir det meget dyrt å sitte short.
Flotte tall fra Gogl, og bedre blir det.
Sa2ri
17.08.2018 kl 14:23
3551
GOGL - Key information relating to the dividend for the second quarter, 2018
Key information relating to the dividend to be paid by
Golden Ocean Group Limited for the second quarter 2018.
Dividend amount: $ 0.10
Declared currency: USD
Last day including right: 4 September, 2018
Ex-date: 5 September, 2018
Record date: 6 September, 2018
Payment date: On or about 20 September, 2018
Date of approval: 17 August, 2018
https://newsweb.oslobors.no/message/457501
Key information relating to the dividend to be paid by
Golden Ocean Group Limited for the second quarter 2018.
Dividend amount: $ 0.10
Declared currency: USD
Last day including right: 4 September, 2018
Ex-date: 5 September, 2018
Record date: 6 September, 2018
Payment date: On or about 20 September, 2018
Date of approval: 17 August, 2018
https://newsweb.oslobors.no/message/457501
Mollen
17.08.2018 kl 15:05
3429
Frontman skrev smeller til 80 når US åpner kl 15.30
Ja, jeg tror også denne skal videre opp når US åpner.
JSL
18.08.2018 kl 09:56
3061
Aksjeanalyser.com har GOGL som en av sine favorittaksjer i en ny analyse fra 17.08.2018. De har kursmål 140-150 kr iløpet av 6-12 mnd. De tror også at den kan bryte og etablere seg over 76kr veldig kjapt nå, noe som gir et kraftig kjøpssignal for aksjen.
https://www.nettavisen.no/meninger/aksjeanalyser/fredriksen-aksje-kan-dobles-i-rekordfart/3423526888.html
https://www.nettavisen.no/meninger/aksjeanalyser/fredriksen-aksje-kan-dobles-i-rekordfart/3423526888.html