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.

Attachment



EN
12/09/2024

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Reports on Golden Ocean Group Ltd

 PRESS RELEASE

GOGL – Invitation to presentation of Q3 2024 Results

GOGL – Invitation to presentation of Q3 2024 Results Golden Ocean Group Limited (the “Company”) will publish its financial results for the third quarter of 2024 on Wednesday November 27, 2024. In connection with the release, a conference call and webcast will be held as described below: Conference call and webcastA conference call will be held at 2:30 P.M. CET (8:30 A.M. New York Time) on Wednesday November 27, 2024. The presentation will be available for download from the Investor Relations section at (under "Presentations") prior to the conference call/webcast. In order to listen to t...

ABGSC Shipping & Transport Research ... (+4)
  • ABGSC Shipping & Transport Research
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 PRESS RELEASE

GOGL – Renewal of share buy-back program

GOGL – Renewal of share buy-back program Reference is made to the announcement by the Board of Directors in Golden Ocean Group Limited (OSE/NASDAQ: GOGL) dated 4 October 2022 and 3 October 2023 regarding the establishment and renewal of a share buy-back program. The Company has repurchased a total of 1,507,328 shares under the program for a total consideration of $11,629,758. A total of 741,900 shares have been repurchased at average price of $7.84 per share at Nasdaq and 765,428 shares have been repurchased at an average price of NOK 81.2 at Oslo Stock Exchange. The Board of D...

 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 ...

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