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Recommendations: 8
I noticed some Dry Bulk plays have reported today. Just my luck, they all chose to report today. But this will be a stretch update, it will be "updated" as the news floats in ;)
Shipper 31-Dec 31-Jan 29-Feb 28-Mar 30-Apr 30-May 30-Jun 31-Jul BHO* 15.20 13.23 11.90 10.38 11.00 11.50 10.92 11.10 DSX 31.46 29.51 28.50 25.97 30.36 34.99 30.71 30.43 DRYS 77.40 74.43 75.30 62.31 82.50 93.80 80.18 77.13 EXM 40.19 38.06 31.87 30.91 39.71 51.30 39.25 37.06 EGLE 26.55 24.72 26.63 25.71 29.43 33.34 29.57 29.04 ESEA 12.40 12.02 14.02 11.82 13.78 15.62 12.97 12.30 FREE 6.00 5.69 5.10 5.66 6.87 7.00 6.28 6.39 GNK 54.76 49.59 58.27 56.64 67.65 70.24 65.20 68.18 NM 12.25 11.55 11.11 9.80 10.99 12.02 9.69 9.46 NMM 19.15 16.85 15.40 14.92 16.09 15.07 14.60 12.95 OCNF 19.23 19.51 22.03 22.73 22.64 26.52 23.17 19.41 PRGN 18.21 18.61 16.04 15.76 17.19 21.30 16.79 15.34 SBLK 12.85 11.48 11.96 11.46 12.58 13.98 11.79 11.24 TBSI* 33.06 33.31 34.44 31.00 40.18 46.58 39.95 36.54 DWT* 13.50 13.17 SB* 18.87 18.95 ULTR* 11.14
* - No dividend or no recent dividend
Only FREE, GNK, SB slightly positive (Month-over-Month)
Comparative bulk rate Mar : Apr: May: Jun : July (from shipping.capitallink.com website) Baltic Dry 8,069 : 9,356 : 11,440 : 9,589 : 8,341 Baltic Capesize 11,815 : 14,173 : 18,719 : 13,978 : 13,005 Baltic Panamax 7,896 : 8,972 : 9,912 : 9,627 : 7,517 Baltic Supramax 4,916 : 5,444 : 6,405 : 5,843 : 4,897 Baltic Handysize 2,435 : 2,789 : 3,304 : 2,713 : 2,554
Awrighty, I need to work on vessel shipping rate formatting- too messy to read. For this month, use your visualization abilities--see the mountains. That's some steep rate drop-off, specially for Panamax and Supramax sized vessels
Okay, results DSX - earnings more than double ($56.7 M vs $26 M), revenue nearly doubles ($86.4 M vs $44 M), dividend hike (91c/sh vs 85c/sh), revenue outlook higher than street numbers (last two items from other links) http://biz.yahoo.com/ap/080731/earns_diana_shipping.html?.v=...
FREE - Operating revenue grew 324%, lower EPS, increased quarterly dividend to 20c/sh http://biz.yahoo.com/pz/080731/147499.html
GNK - Not sure why the company is reporting results like it is- sometimes it is three months data, sometimes six month data, sometimes a comparison to last year. The table data further down is more clear--revenue more than 2X increase, net income 4X over comparative six months...need more time on this one http://biz.yahoo.com/prnews/080730/nyw108.html?.v=101
EXM - had one of their vessels run aground http://biz.yahoo.com/iw/080724/0419095.html
The update continues...
Hohum
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