Post Reply
1-8 of 8
Just watching.
Not vested.
Price now 0.94
Revenue: US$102.9 million
Net Profit: US$23.4 million
Equity: US$546.9 million
Share Price: S$2.16
1Q EPS: US$0.05
1Q Dividend: US$0.025
Golden Ocean intends to make quarterly dividend payment to shareholders.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_E3D9384F484964EE48257731002232D7/$file/PressReleaseQ12010.pdf
I don't think the PE is very high.
With a net profit (excluding one-off times) of US$85 million, its EPS will be around US$0.20 or S$0.29. This means that GO is trading at PE of 9.
I am not vested due to its low liquidity. The Management says it will re-instate dividend payment in 2010.
investment ( Date: 21-Mar-2010 16:44) Posted:
|
Volume is low because they dual-listed without introducing new shares. Hard to predict whether will shareholders in Oslo transfer some shares to SGX. The same fate might occur to China Fishery as well...
Financially, it is much larger than Mercator or Courage Marine but smaller than STX PO. It is quite aggressive in acquiring new ships. They have around 13 ships and another 23 being built and will be delivered within the next 2 years.
Profit (Excluding One-Off Extraordinary Items)
2007 - US$167 million
2008 - US$200.8 million
2009 - US$85 million
investment ( Date: 21-Mar-2010 16:31) Posted:
|
grandmaster89 ( Date: 18-Mar-2010 20:14) Posted:
|
Not me, just sharing info and for more infomation. Pls click
http://www.sgx.com/wps/portal/marketplace/mp-en/home
Since the Company is primarily listed on the Oslo Stock Exchange, certain aspects of the Company
will be governed by Norwegian law pursuant to the Listing Agreement between the Oslo Stock
Exchange and the Company. In addition, the Norwegian Securities Trading Act of 29 June 2007, no.
75 and the Norwegian Stock Exchange Act of 29 June 2007, no. 74 with related regulations, as well
as the Oslo Stock Exchange’s Continuing Obligations for Listed Companies, will apply.
Please note:
This Introductory Document does not constitute a prospectus under the Securities and Futures Act
(Cap. 289) of Singapore and has not been lodged with and registered by the Monetary Authority of
Singapore (the “MAS”) or the Oslo Stock Exchange.
Please note:
The Company has received a letter of eligibility from the SGX-ST for the listing and quotation of our
Shares on the Official List of the SGX-ST. Upon admission to the Official List of the SGX-ST, we will have a dual listing on both the SGX-ST and the Oslo Stock Exchange, with the Oslo Stock Exchange being the primary exchange and the SGX-ST being the secondary exchange on which our Shares may be traded. As Oslo Stock Exchange is the primary exchange on which our Shares may be traded, we are subject to and will comply with the listing rules of the Oslo Stock Exchange.
Please note:
Assuming the Company is admitted to the Official List of the SGX-ST on 18 March 2010, trading in our Shares on the Official List of the SGX-ST is expected to commence on the same day. The actual day for the trading for the trading of our Shares will be announced by the SGX-ST in due course.