Star Bulk Carriers(SBLK)
(SBLK)
Q4-osavuosiraportti
71 päivää sitten‧46 min
0,45 USD/osake
Viimeisin osinko
5,93 %
Tuotto/v
Tarjoustasot
Avoinna
Määrä
Osto
605
Myynti
Määrä
880
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Määräpainotettu keskihinta (VWAP)
24,03VWAP
24,03Vaihto (USD)
6 825 641Välittäjätilasto
Dataa ei löytynyt
Yhtiötapahtumat
| Seuraava tapahtuma | |
|---|---|
Sijoittajakalenteri ei ole saatavilla | |
| Menneet tapahtumat | ||
|---|---|---|
| 2023 Vuosiraportti | 13. maalisk. | |
| 2023 Q4-osavuosiraportti | 13. helmik. | |
| 2023 Q3-osavuosiraportti | 14. marrask. 2023 | |
| 2023 Q3-osavuosiraportti | 13. marrask. 2023 | |
| 2023 Q2-osavuosiraportti | 4. elok. 2023 |
Datan lähde: Morningstar, Quartr
Uutiset ja analyysit
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Q4-osavuosiraportti
71 päivää sitten‧46 min
Uutiset ja analyysit
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
| Seuraava tapahtuma | |
|---|---|
Sijoittajakalenteri ei ole saatavilla | |
| Menneet tapahtumat | ||
|---|---|---|
| 2023 Vuosiraportti | 13. maalisk. | |
| 2023 Q4-osavuosiraportti | 13. helmik. | |
| 2023 Q3-osavuosiraportti | 14. marrask. 2023 | |
| 2023 Q3-osavuosiraportti | 13. marrask. 2023 | |
| 2023 Q2-osavuosiraportti | 4. elok. 2023 |
Datan lähde: Morningstar, Quartr
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
15. huhtik.15. huhtik.Clarksons: Since Star Bulk (NASDAQ: SBLK) announced its merger with Eagle Bulk December 11, Star Bulk has gone from being one of the highest priced dry bulk stocks compared to peers to becoming one of the cheapest ones. We find it hard to explain why the largest and most liquid listed dry bulk stock is trading at a 27% discount to NAV in a strong dry bulk market, and with the merger now closed, we believe the scene is set for Star Bulk to regain ground. While Capesize earnings have decreased significantly over the past month to $21,000/day, we highlight that the May FFA contract is trading at $27,000/day which could point towards a swift rebound in rates. We remain bullish on dry bulk in general and given the current peer pricing, we think this is an opportune time to buy Star Bulk in particular. Reiterating Buy, increasing target price to $34.00 from $29.00.15. huhtik.15. huhtik.Valuation and Investment Considerations: We calculate Star Bulk's NAV to be $31.6 per share, which means that the company is currently trading at a P/NAV of 0.73x, making it one of the cheapest dry bulk stocks in our coverage universe. Adding on the effect of operational cash flow through the year and adjusting the fleet age, we arrive at a YE 2024 NAV of $34.4 per share, which is also the basis for our target price. Reiterating Buy but increasing target price to $34.00 from $29.00 on increased ship values since our last update.
Star Bulk Carriers, an owner and operator of 115 scrubber-fitted dry cargo ships on the water, has accelerated the pace of its twin-prong fleet renewal strategy with more disposals and newbuildings. The fresh batch of newbuildings announced by the US-listed company includes the exercise of options for two kamsarmaxes that the company was known to have, plus a new order for one more ship. This brings to five the number of ultra-modern, conventionally fuelled, 82,000-dwt bulkers that Star Bulk has under construction at Qingdao Yangfan Shipbuilding. They will be delivered between September 2025 and July 2026. Star Bulk is already sitting on older orders for a further six chartered-in kamsarmaxes and ultramaxes that it will gradually take delivery of throughout 2024. “We continue to prepare for more stringent environmental regulations by investing in renewing our fleet,” chief executive Petros Pappas said late on Monday amid the release of fourth-quarter results that saw profitability decline due to slow freight markets. Star Bulk’s net income dropped at an annual pace of 54% to $39.7m, which is its weakest reading in nearly three years. Profit for the full year of 2023 dropped by 69% to $173.6m. Stripping out one-off gains and impairment charges on vessel sale and purchase, and inventories, however, adjusted net income looked more favourable at $63.5m in the fourth quarter — down just 31% year on year. The company declared a dividend of $0.45 per share, up from the $0.22 in the third quarter. The company also disclosed late on Monday more opportunistic sales of older vessels to renew its fleet. The company release confirmed earlier reports by TradeWinds about Star Bulk offloading the 61,600-dwt Star Bovarius (built 2015) and 174,100-dwt Big Bang (built 2007). Three more sales of a supramax and two capesizes announced by the company, however, were new to the market: the 56,500-dwt Star Dorado (built 2013), 177,700-dwt Big Fish (renamed Sea Taurus) and 180,200-dwt Pantagruel (both built 2004), which is among the company’s oldest ships. Star Bulk did not disclose the sale price but said it expects to collect $112m in aggregate from vessel sales in the first half of 2024. This adds to $34.5m in net ship disposal gains that it booked in the second half of 2023. The new transactions bring to 17 the number of vessels that Star Bulk disposed of in the secondhand market over the past 12 months. Opportunistic sales are part of a careful, incremental fleet renewal policy under which Pappas orders conventionally fuelled newbuildings as well, before deciding which future, low-carbon fuel and ship design to pick. Some of the money from vessel sales goes towards paying back part of the debt that the company took on to buy back its own shares from shareholder Oaktree Capital Management. Towards the end of 2023, Star Bulk bought back $380m worth of its own shares from Oaktree, reducing the US investment giant’s stake to 7.2%. Oaktree’s share rose again later, following the conversion of some Star Bulk bonds it held. Star Bulk used loan facilities with ING Bank and the National Bank of Greece to help finance the buyback. All the transformations above are taking place as Star Bulk prepares to wrap up its most ambitious consolidation move yet, with the planned takeover of US-listed rival Eagle Bulk in a $500m share deal that would create a giant player with a fleet of about 170 bulkers. Eagle Bulk shareholders will meet on 5 April to approve or reject the proposed deal. “We continue to work towards closing the transaction in the first half of 2024,” Pappas said on Monday. “We strongly believe in the operational and financial benefits of bringing the two companies together and creating a global leader in dry bulk shipping.” The Greek executive’s appetite for the deal is whetted by his bullish outlook for the bulker market. Pappas sees “favourable supply dynamics, geopolitically driven inefficiencies in trade and a recovery of demand supported by large global infrastructure investment needs for the world’s green transition”. “Star Bulk expects to take advantage of the recent strength in the dry bulk market, having mostly maintained its diverse scrubber-fitted fleet in the spot market, and thus continue to create value for its shareholders,” he added. Copyright: Tradewinds - Simply the best
Hur är det med skatten (kildeskatt) för Star Bulk?selskapet er inkorporert i Marshall Islands, derav ISIN MHY8162K2046. Så det er ingen kildeskatt.- Star bulk has under 2023 bought back stock. Do you think this stocks will be a way to pay the affair between Star bulk and Eagle bulk shipping?
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Q4-osavuosiraportti
71 päivää sitten‧46 min
0,45 USD/osake
Viimeisin osinko
5,93 %
Tuotto/v
Uutiset ja analyysit
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
0,45 USD/osake
Viimeisin osinko
5,93 %
Tuotto/v
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- 15. huhtik.15. huhtik.Clarksons: Since Star Bulk (NASDAQ: SBLK) announced its merger with Eagle Bulk December 11, Star Bulk has gone from being one of the highest priced dry bulk stocks compared to peers to becoming one of the cheapest ones. We find it hard to explain why the largest and most liquid listed dry bulk stock is trading at a 27% discount to NAV in a strong dry bulk market, and with the merger now closed, we believe the scene is set for Star Bulk to regain ground. While Capesize earnings have decreased significantly over the past month to $21,000/day, we highlight that the May FFA contract is trading at $27,000/day which could point towards a swift rebound in rates. We remain bullish on dry bulk in general and given the current peer pricing, we think this is an opportune time to buy Star Bulk in particular. Reiterating Buy, increasing target price to $34.00 from $29.00.15. huhtik.15. huhtik.Valuation and Investment Considerations: We calculate Star Bulk's NAV to be $31.6 per share, which means that the company is currently trading at a P/NAV of 0.73x, making it one of the cheapest dry bulk stocks in our coverage universe. Adding on the effect of operational cash flow through the year and adjusting the fleet age, we arrive at a YE 2024 NAV of $34.4 per share, which is also the basis for our target price. Reiterating Buy but increasing target price to $34.00 from $29.00 on increased ship values since our last update.
- Star Bulk Carriers, an owner and operator of 115 scrubber-fitted dry cargo ships on the water, has accelerated the pace of its twin-prong fleet renewal strategy with more disposals and newbuildings. The fresh batch of newbuildings announced by the US-listed company includes the exercise of options for two kamsarmaxes that the company was known to have, plus a new order for one more ship. This brings to five the number of ultra-modern, conventionally fuelled, 82,000-dwt bulkers that Star Bulk has under construction at Qingdao Yangfan Shipbuilding. They will be delivered between September 2025 and July 2026. Star Bulk is already sitting on older orders for a further six chartered-in kamsarmaxes and ultramaxes that it will gradually take delivery of throughout 2024. “We continue to prepare for more stringent environmental regulations by investing in renewing our fleet,” chief executive Petros Pappas said late on Monday amid the release of fourth-quarter results that saw profitability decline due to slow freight markets. Star Bulk’s net income dropped at an annual pace of 54% to $39.7m, which is its weakest reading in nearly three years. Profit for the full year of 2023 dropped by 69% to $173.6m. Stripping out one-off gains and impairment charges on vessel sale and purchase, and inventories, however, adjusted net income looked more favourable at $63.5m in the fourth quarter — down just 31% year on year. The company declared a dividend of $0.45 per share, up from the $0.22 in the third quarter. The company also disclosed late on Monday more opportunistic sales of older vessels to renew its fleet. The company release confirmed earlier reports by TradeWinds about Star Bulk offloading the 61,600-dwt Star Bovarius (built 2015) and 174,100-dwt Big Bang (built 2007). Three more sales of a supramax and two capesizes announced by the company, however, were new to the market: the 56,500-dwt Star Dorado (built 2013), 177,700-dwt Big Fish (renamed Sea Taurus) and 180,200-dwt Pantagruel (both built 2004), which is among the company’s oldest ships. Star Bulk did not disclose the sale price but said it expects to collect $112m in aggregate from vessel sales in the first half of 2024. This adds to $34.5m in net ship disposal gains that it booked in the second half of 2023. The new transactions bring to 17 the number of vessels that Star Bulk disposed of in the secondhand market over the past 12 months. Opportunistic sales are part of a careful, incremental fleet renewal policy under which Pappas orders conventionally fuelled newbuildings as well, before deciding which future, low-carbon fuel and ship design to pick. Some of the money from vessel sales goes towards paying back part of the debt that the company took on to buy back its own shares from shareholder Oaktree Capital Management. Towards the end of 2023, Star Bulk bought back $380m worth of its own shares from Oaktree, reducing the US investment giant’s stake to 7.2%. Oaktree’s share rose again later, following the conversion of some Star Bulk bonds it held. Star Bulk used loan facilities with ING Bank and the National Bank of Greece to help finance the buyback. All the transformations above are taking place as Star Bulk prepares to wrap up its most ambitious consolidation move yet, with the planned takeover of US-listed rival Eagle Bulk in a $500m share deal that would create a giant player with a fleet of about 170 bulkers. Eagle Bulk shareholders will meet on 5 April to approve or reject the proposed deal. “We continue to work towards closing the transaction in the first half of 2024,” Pappas said on Monday. “We strongly believe in the operational and financial benefits of bringing the two companies together and creating a global leader in dry bulk shipping.” The Greek executive’s appetite for the deal is whetted by his bullish outlook for the bulker market. Pappas sees “favourable supply dynamics, geopolitically driven inefficiencies in trade and a recovery of demand supported by large global infrastructure investment needs for the world’s green transition”. “Star Bulk expects to take advantage of the recent strength in the dry bulk market, having mostly maintained its diverse scrubber-fitted fleet in the spot market, and thus continue to create value for its shareholders,” he added. Copyright: Tradewinds - Simply the best
- Hur är det med skatten (kildeskatt) för Star Bulk?selskapet er inkorporert i Marshall Islands, derav ISIN MHY8162K2046. Så det er ingen kildeskatt.
- Star bulk has under 2023 bought back stock. Do you think this stocks will be a way to pay the affair between Star bulk and Eagle bulk shipping?
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Avoinna
Määrä
Osto
605
Myynti
Määrä
880
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Määräpainotettu keskihinta (VWAP)
24,03VWAP
24,03Vaihto (USD)
6 825 641Välittäjätilasto
Dataa ei löytynyt
Yhtiötapahtumat
| Seuraava tapahtuma | |
|---|---|
Sijoittajakalenteri ei ole saatavilla | |
| Menneet tapahtumat | ||
|---|---|---|
| 2023 Vuosiraportti | 13. maalisk. | |
| 2023 Q4-osavuosiraportti | 13. helmik. | |
| 2023 Q3-osavuosiraportti | 14. marrask. 2023 | |
| 2023 Q3-osavuosiraportti | 13. marrask. 2023 | |
| 2023 Q2-osavuosiraportti | 4. elok. 2023 |
Datan lähde: Morningstar, Quartr