Den store tørrbulk tråden

[FOOrK]

veldig bra i usa nå ja!! i morgen gogl knall!!

[superinvestoren]

Det er ikke sikkert.

Vi så jo at det gikk rett vest i USA i går, uten at det førte til noe fall i GOGL.

[ugotabanana]

Det er ikke sikkert.

Vi så jo at det gikk rett vest i USA i går, uten at det førte til noe fall i GOGL.

Nei, men imorgen får vi både oppgang fra US indexer samt resultatfremleggelse. Ganske sikker på at morgendagen blir bra.

[superinvestoren]

Det er sant. Ser for meg en relativt god morgendag jeg og, men nå er det veldig store forventninger til resultatet som blir lagt frem. Kan vel uansett ikke være negativt at US Bulk går bananas

Endret 13. november 2007 av Godseieren

[ugotabanana]

Dryships INC. Goldman Sachs 4th annual Shipping conference:

 

http://www.irwebpage.com/dryships/files/dryspres111307.pdf

[ugotabanana]

GOGL - INTERIM RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2007

 

Golden Ocean Group Limited (the "Company" or "Golden Ocean") reports net income of $52.9 million and earnings per share of $0.20 for the third quarter of 2007. This compares with net income and earnings per share of $25.6 million and $0.09 respectively for the second quarter of 2007. Total operating revenues for the third quarter were $181.2 million, total operating expenses were $135.5 million and net other expenses were $15.6 million.

 

Due to the continued strong freight market during the quarter and the gain on sale of two vessels the Company increased net operating income to $68.5 million compared to $44.1 million in the second quarter.

 

Cash and cash equivalents increased by $52.5 million during the quarter. The Company generated cash from operating activities of $52.8 million and had a net negative cash generation from financing activities of $8.0 million and received a net of $7.7 million from investing activities. The latter amount includes part payments on newbuilding instalments of $54.6 million and proceeds from sale of assets of $62.3 million. During the third quarter the Company repaid $39.2 million in debt and borrowed an additional $74.2 million.

 

Golden Ocean reports net income and earnings per share of $103.8 million and $0.38 for the first nine months of 2007. Total operating revenues were $427.1 million, total operating expenses were $325.9 million and net other expense was $40.5 million.

 

On November 14, 2007 the Board has declared a dividend of $0.50 per share. The record date for the dividend is December 3, 2007 ex. dividend date is November 28, 2007 and the dividend will be paid on or about December 12, 2007.

 

At September 30, 2007 the total number of shares outstanding in Golden Ocean was 271,377,607 of $0.10 par value each.

 

Corporate and Finance

 

In July 2007, the Company exercised its option for two additional ice class Panamax vessels at Pipavav Shipyard in India. The vessels of 75,000 dwt will be delivered during the first half of 2010. The agreed purchase price is $36 million per vessel.

 

In August 2007, the Company agreed to sell the vessel "M/V Shinyo Brilliance". The vessel is a Panamax bulker and is one of the long term time charter vessels previously acquired from Louis Dreyfus with an option to purchase attached to the time charter. The vessel will be delivered to the Buyers within the end of December 2007 and the agreed purchase price is $72 million net.

The strike price for the option is $20 million net and the transaction will thereby generate approximately $52 million in cash liquidity.

 

In August 2007, the Company acquired one additional newbuilding contract at Zhoushan Jinhaiwan Shipyard in China. The vessel of 176,000 dwt will be delivered in September 2010 and the agreed purchase price is $79 million.

 

In October 2007, the Company agreed to sell one of its Capesize newbuildings for net sale proceeds of $145 million. Delivery to the buyers is expected to take place in May 2008. This transaction will give a gain of approximately $70 million.

 

In October 2007, the Company agreed to an arrangement to terminate the bare boat agreements for the two 1994 built Panamax vessels "M/V Golden Jade" and "M/V Golden Jasmine" against purchasing the vessels for $14.5 million per vessel. Simultaneously the Company agreed to sell the two vessels for net sale proceeds of $124.1 million in total. Delivery to the buyers is expected to take place in May 2008. This transaction will give a positive addition to net income of approximately $77.9 million, and is estimated to release approximately $88 million in additional liquidity.

 

In October 2007, the Company acquired eight newbuilding contracts at Zhoushan Jinhaiwan Shipyard (Jinhaiwan) in China. The vessels of 80.000 dwt will be delivered quarterly from September 2009. The delivered cost for the eight vessels is approximately $410 million in total.

 

In November 2007, the Company agreed to sell the six Panamax newbuildings contracted in March 2007 at Pipavav Shipyard in India. The vessels are sold for net sale proceeds of $352.8 million, and delivery to the buyers is expected to take place between March 2009 and July 2010. The transaction will give a gain of approximately $127 million, and this will be recorded at delivery of the vessels.

 

The full report is available in the enclosed attachment.

 

 

November 14, 2007

The Board of Directors

Golden Ocean Group Limited

Hamilton, Bermuda

 

Questions should be directed to:

Herman Billung: CEO Golden Ocean Management AS

+47 22 01 73 40

 

Geir Karlsen: CFO Golden Ocean Management AS

+47 22 01 73 53

Q3 2007 Results

 

 

-

 

Vannvittig dividende!

[FOOrK]

så alle som har aksjer i gogl 28. november vil få utbetalt utbytte?

[Naranek]

så alle som har aksjer i gogl 28. november vil få utbetalt utbytte?

Nei, de som har ved børsslutt 27. november får. Selger du kl. 0900 28. november får du likevel.

[Daniel-G]

$0,50 dollar i utbytte? Kan ikke skjønne at det er riktig?

[ugotabanana]

$0,50 dollar i utbytte? Kan ikke skjønne at det er riktig?

Det er 0.5$ i utbytte, helt fantastisk

[ugotabanana]

Litt skuffet over dagens utvikling, men bulk er mega sterkt fundamentalt. Billung er bull!

[apegryn]

Nå er jeg helt fersk i markedet, men vil ikke kursen falle ca 2,5 kr når utbytte er betalt?

[ugotabanana]

Nå er jeg helt fersk i markedet, men vil ikke kursen falle ca 2,5 kr når utbytte er betalt?

De tar jo ut penger av selskapet så de blir jo på så måte mindre verdt. Det er ikke dermed sagt at aksjen skal ned den dagen den går ex-utbytte. Ved sist utbytte 0.05$ så gikk aksjen opp på ex-utbytte.

[apegryn]

nå tenker jeg ikke på pengene tilhørende selskapet, for det er jo noe uavhengig av kursen, men vil ikke noen kun kjøpe seg inn den 27. for så å selge igjen for å få utbytteprofitt (som er rundt 2,5 kr aksjen)?

 

Hva er det jeg ikke ser i dette bildet?

Endret 14. november 2007 av tronni_87

[ugotabanana]

nå tenker jeg ikke på pengene tilhørende selskapet, for det er jo noe uavhengig av kursen, men vil ikke noen kun kjøpe seg inn den 27. for så å selge igjen for å få utbytteprofitt (som er rundt 2,5 kr aksjen)?

 

Hva er det jeg ikke ser i dette bildet?

Pengene til selskapet har jo noe med kursen og gjøre da verdi på aksjene forteller hvor mye et selskap er verdt.

 

Ja noen kommer sikkert til å spekulere i å hoppe inn ut over natt for å hente utbytte.

[apegryn]

for det er jo noe uavhengig av kursen,

Pengene til selskapet har jo noe med kursen og gjøre

 

Merk at jeg også skrev noe

[ugotabanana]

for det er jo noe uavhengig av kursen,

Pengene til selskapet har jo noe med kursen og gjøre

 

Merk at jeg også skrev noe

Jo merket meg det.

 

US bulk litt blandet, mest opp er Freeseas Paragon Shipping med hhw 6 og 3.8 %

 

Excel Maritime er ned 9% da de ikke har innfridd forventningene hos analytikerne.

Endret 14. november 2007 av Cape

[apegryn]

kjekt at dollaren styrker seg litt nå som vi får utbytte

[ugotabanana]

Skal bli spennende å se om noen amerikanske fond hopper inn da utbyttene blir så gode. Amerikanere liker utbytter og da kan det bli fest om noen kjøper 2-5%.

[superinvestoren]

Jeg tror dette kan bli en god uke.