GOGLO Golden Ocean Group Ltd

GOGL - Company Presentation September 2024  

GOGL - Company Presentation September 2024  

Interim CEO and CFO Peder Simonsen will be presenting Golden Ocean Group Limited at Pareto Securities’ 31st Energy Conference today, September 12, 2024.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

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EN
12/09/2024

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Reports on Golden Ocean Group Ltd

 PRESS RELEASE

GOGL - Company Presentation September 2024  

GOGL - Company Presentation September 2024   Interim CEO and CFO Peder Simonsen will be presenting Golden Ocean Group Limited at Pareto Securities’ 31st Energy Conference today, September 12, 2024. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. Attachment

Jørgen Lian
  • Jørgen Lian

Golden Ocean (Sell, TP: NOK98.00) - Testing times ahead

Asset values are diverging from softer freight markets, with broker quotes for a 5-year Capesize vessel implying an 11x EV/EBITDA on current 1-year TCs. Further, we estimate that average Capesize index rates for 2025 would be required to be ~USD27k/day (48% above our estimate, 22% above current 1-year TCs) for Golden Ocean to reach a decent ~12% dividend yield on the current share price. Thus, we believe risk remains skewed to the downside and we reiterate our SELL. We have cut our target price ...

ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Oliver Dunvold
  • Petter Haugen

Dry bulk trade grows amid China worries

Short-term estimates down on lower guidance. ABGSCe 84% above consensus on '25e EBITDA. TP of NOK 199 – P/NAV 0.78x.

 PRESS RELEASE

GOGL – Q2 2024 Presentation

GOGL – Q2 2024 Presentation Please find enclosed the presentation of Golden Ocean Group Limited’s second quarter 2024 results for today’s webcast / conference call at 15:00 CEST. Attend by Webcast: Use the follow link prior to the webcast: Attend by Conference Call: Participants will need to register online prior to the conference call via the link below. Dial-in details will be available when registered. A Q&A session will be held after the conference call/webcast. Information on how to submit questions will be given at the beg...

ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Oliver Dunvold
  • Petter Haugen

Q2 beat, but weak Q3 guiding

EBITDA USD 121m (ABGSC at USD 112m, cons at USD 116m). Q3'24 guidance below cons and ABGSCe. Stock down ~1-2% relative to peers.

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