DFLY
14年前
some moves being made..
In May 2010, the Company acquired a controlling interest in Maritime Capital Shipping Limited, which owns nine Handysize dry bulk carriers. In May 2010, the Company acquired a controlling interest in Maritime Capital Shipping Limited ("MCS"), which owns nine Handysize dry bulk carriers. In September 2010, the Company completed the acquisition of the remaining 49% in MCS and in October 2010 it completed the acquisition of the remaining 50% in BET.
Following the MCS and BET acquisitions, the Company owns a fleet of 20 drybulk carriers (four Capesize, three Panamax, two Supramax and one Handymax and ten Handysize vessels) with a total carrying capacity of approximately 1,292,544 dwt and an average fleet age of 13 years.
The Company's common stock and warrants trade on the NASDAQ Global Market under the symbols "SHIP" and "SHIP.W", respectively.
GrthzGd
14年前
Earnings report will be released a week from Tuesday followed by a conference call the next day, Nov. 17th. They own 20 drybulk ships with a total carrying capacity of 1,292,544 dwt and an average fleet age of 13 years. The company has quite a lot of debt.
Oh, and I think CEO Dale Ploughman earlier said that all 20 ships recently went out on time charter for the next year or so. Seems like a pretty fungible, commoditized company.... Predictable earnings from its assets like 20 rental apartment buildings, with any upside to come slowly as time charter rates change, and as the debt is paid off.
I note that the Baltic Dry Index has been flat for the past several months. Anybody want to take crack at valuing it prior to the earnings? Know any comparable shipowning companies?