Cobas AM: Nueva Gestora de Francisco García Paramés

QUARTERLY HIGHLIGHTS:
• Adjusted EBITDA for the second quarter of 2020 was $178.0 million. Net income of $135.8 million equates to $0.92 per basic share. Adjusted for a non-cash change in fair value related to interest rate derivatives of $0.4 million, net income would be $136.3 million, equivalent to $0.93 per basic share.
• For the second quarter of 2020, the Company declared a cash dividend of $0.48 per share of outstanding common stock, payable on September 2, 2020 to shareholders of record as of August 26, 2020. This marks the 42nd consecutive quarterly dividend. The shares will be traded ex-dividend from August 25, 2020.
• In June, the Company entered into a two-year time-charter agreement with an option to extend at $41,800 per day. DHT Stallion was delivered to the oil major in July and DHT currently has ten of its vessels on time-charters, where four vessels have profit sharing structures on top of base rates, whilst the other six have fixed rates. The average of the fixed elements in these ten time-charters, i.e. of the four base rates and the six fixed rates, is $50,673 per day.
• In the second quarter of 2020, the Company prepaid $59.2 million under the ABN Amro Credit Facility and the Nordea Credit Facility. The voluntary prepayments were made for all regular installments for 2021.
• In the second quarter of 2020, the Company’s VLCCs operating in the spot market achieved $92,100 per day and the Company’s VLCCs on time-charter earned $62,700 per day achieving combined time charter equivalent earnings for the Company’s VLCCs of $83,300 per day.
• Thus far in the third quarter of 2020, 61% of the available VLCC spot days have been booked at an average rate of $51,400 per day on a discharge to discharge basis. As such, the spot and time charter bookings equal 75% of the total capacity for the third quarter and has been covered at an average rate of $51,200 per day (not including any potential profit splits on four time charters. See table I for details).

https://ml-eu.globenewswire.com/Resource/Download/b54a4a9a-949a-4282-8d33-595512900ed7

Brutal el Q2, incluso mejorando el anuncio de finales de junio.

Muy buenos datos de Q3 con media de 51,4k/d para el 62% de la flota en spot.
A ver que comentan mañana en la call, de momento 0,48$ de dividendo de Q2. Pendiente el tema de los convertibles.

A ver que comenta JH.

Por cierto @roadtofreedom

Lo ha puesto el user que te he comentado antes en twitter.

Me voy a leer resultados!