reports
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Are the Lows "In" for this Pullback? While we are not yet out of the woods, we continue to see evidence that suggests the lows may be "in" for this pullback. Last week (4/23/24 Compass) we discussed the possibility that further downside was limited on the S&P 500 due to a multitude of reasons (SPX had simply filled 2/22/24 gap support that we had been discussing since late-February, Russell 2000 and Equal-Weighted S&P 500 were holding above key supports, short-term oversold conditions, subdued ...
SUM SUMMIT MATERIALS INC. CLASS A
MATX MATSON INC.
SBL SAFE BULKERS INC.
GNK GENCO SHIPPING & TRADING LTD.
LCM COSTAMARE INC.
MLM MARTIN MARIETTA MATERIALS INC.
AWC BROOK CROMPTON HOLDINGS
CENX CENTURY ALUMINUM COMPANY
KEX KIRBY CORPORATION
NMM NAVIOS MARITIME PARTNERS
GSL GLOBAL SHIP LEASE INC. CLASS A
VNC VRANCART
DAC DANAOS
KNF KNIFE RIVER CORPORATION
HSHP HIMALAYA SHIPPING LTD.
HWM HOWMET AEROSPACE INC COM
- ABGSC Renewable Energy Research
- Adrian Gilani
- Åsne Holsen
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Olof Cederholm
- Stian Wibstad
ORSTED ORSTED
HEX HEXAGON COMPOSITES ASA
NEL NEL ASA
SSO SCATEC ASA
EOLU B EOLUS VIND AB
FKRFT FJORDKRAFT HOLDING ASA
CADLR CADELER
VOLUE VOLUE AS
A2QKGG HEXAGON PURUS
ZAP ZAPTEC
VWS VESTAS WIND SYSTEMS
EWIND EDDA WIND ASA
TOM TOMRA SYSTEMS ASA
IWS-NO INTEGRATED WIND SOLUTIONS
OX2-SE OX2
- Jørgen Lian
Yard response and dry bulk qualms
Our trip to South Korea and China revealed Chinese shipbuilders are seeking growth to take on Korea’s established yards who are facing constraints. An eagerness to add capacity is one of our takeaways, as well as a gloomy outlook for Chinese real estate, which in our view should inevitably weigh on dry bulk demand.
DHT DHT HOLDINGS INC.
SBL SAFE BULKERS INC.
LPG DORIAN LPG
GNK GENCO SHIPPING & TRADING LTD.
MAERSK B A.P. MOLLER - MAERSK A/S CLASS B
ODF ODFJELL ASA
WAWI WALLENIUS WILHELMSEN LOGISTICS ASA
WWI WILHELM WILHELMSEN HOLDING
SBLK STAR BULK CARRIERS CORP.
FRO FRONTLINE LTD.
G2O GOLAR LNG LIMITED
AMSC AMERICAN SHIPPING COMPANY ASA
SN6 STOLT-NIELSEN LTD.
BWLPG BW LPG LTD.
GOGLO GOLDEN OCEAN GROUP LTD
AVACF AVANCE GAS HOLDINGS LTD
HUNT HUNTER GROUP ASA
STNG SCORPIO TANKERS INC.
FLNG FLEX LNG LTD.
SFL SFL CORPORATION LIMITED
TNK TEEKAY TANKERS
2020 2020 BULKERS LTD
KCC KLAVENESS COMBINATION CARRIERS
EGLE EAGLE BULK SHIPPING
MPCC MPC CONTAINER SHIPS AS
HAUTO HOEGH AUTOLINERS ASA
WEST WESTERN BULK CHARTERING
HAFNI HAFNIA
COOL COOL COMPANY LTD.
HSHP HIMALAYA SHIPPING LTD.
- ABGSC Renewable Energy Research
- Haakon Amundsen
- Stian Wibstad
Star Bulk Carriers Corp: 1 director
A director at Star Bulk Carriers Corp sold 30,000 shares at 23.490USD and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two year...
Star Bulk Completes Merger With Eagle Bulk
Star Bulk Completes Merger With Eagle Bulk ATHENS, Greece, April 09, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (“Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced that it has completed its merger with Eagle Bulk Shipping Inc. (“Eagle”). Under the terms of the merger agreement, each Eagle shareholder received 2.6211 shares of Star Bulk common stock for each share of Eagle common stock owned. Eagle common stock has ceased trading and will no longer be listed on the New York Stock Exchange. Petros Pappas, C...
- Jørgen Lian
A brewing challenge for the yards
Our 17th Annual Energy & Shipping Conference was well attended by investors and industry executives showcasing the still-growing interest for the sectors. Limited yard capacity is fuelling high newbuilding prices and raising freight rate expectations for the vast fleet renewal necessary in the coming decade. Long lead times underpin a bullish supply story for much of shipping in the coming years, albeit exposed to geopolitical risks affecting trade patterns. Our overall impression was general op...
DHT DHT HOLDINGS INC.
SBL SAFE BULKERS INC.
LPG DORIAN LPG
GNK GENCO SHIPPING & TRADING LTD.
MAERSK B A.P. MOLLER - MAERSK A/S CLASS B
ODF ODFJELL ASA
WAWI WALLENIUS WILHELMSEN LOGISTICS ASA
WWI WILHELM WILHELMSEN HOLDING
SBLK STAR BULK CARRIERS CORP.
FRO FRONTLINE LTD.
G2O GOLAR LNG LIMITED
AMSC AMERICAN SHIPPING COMPANY ASA
SN6 STOLT-NIELSEN LTD.
BWLPG BW LPG LTD.
GOGLO GOLDEN OCEAN GROUP LTD
AVACF AVANCE GAS HOLDINGS LTD
HUNT HUNTER GROUP ASA
STNG SCORPIO TANKERS INC.
FLNG FLEX LNG LTD.
SFL SFL CORPORATION LIMITED
TNK TEEKAY TANKERS
2020 2020 BULKERS LTD
KCC KLAVENESS COMBINATION CARRIERS
EGLE EAGLE BULK SHIPPING
MPCC MPC CONTAINER SHIPS AS
HAUTO HOEGH AUTOLINERS ASA
WEST WESTERN BULK CHARTERING
HAFNI HAFNIA
COOL COOL COMPANY LTD.
HSHP HIMALAYA SHIPPING LTD.
Star Bulk Carriers Corp. Announces Change Of Transfer Agent And Regist...
Star Bulk Carriers Corp. Announces Change Of Transfer Agent And Registrar ATHENS, Greece, March 04, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK) a global shipping company focusing on the transportation of dry bulk cargoes announced that, effective immediately, COMPUTERSHARE TRUST COMPANY, N.A. (“COMPUTERSHARE”) is appointed as the Company’s Sole Transfer Agent and Registrar of its shares trading under ticker symbol SBLK on NASDAQ. Shareholders need take no action in respect of the change in registrar and transfer agent services. All inqu...
- Jørgen Lian
Genco Shipping & Trading (Buy, TP: USD22.50) - Consistent market stren...
We still believe Genco offers an attractive entry into dry bulk exposure, with its material NAV discount (P/NAV: 0.76x) offsetting what we see as elevated vessel values. The current dry bulk markets are staying firm against the risks of easing import demand growth in China on subdued economic indicators and elevated coal stockpiles. Strong forward freight agreements (FFAs) provide comfort to revenues and cash flow near-term, while the long-term investment case remains intact, in our view. We rei...
- Jørgen Lian
Star Bulk (Buy, TP: USD25.00) - Pricing in much of 2024e potential
We expect Star Bulk’s Q4–Q1 trading to deliver ~13% in run-rate earnings yield, which we believe underpins the current share price ahead of an expected earnings dip for the seasonally softer Q2–Q3, where we forecast an annualised earnings yield of ~4%. Hence, the risk/reward looks more balanced, but supported by the material NAV discount on strong ~15-year high vessel values. We reiterate our BUY and USD25 target price.
Star Bulk Carriers Corp. Reports Net Profit of $39.7 Million for the F...
Star Bulk Carriers Corp. Reports Net Profit of $39.7 Million for the Fourth Quarter of 2023, and Declares Quarterly Dividend of $0.45 Per Share ATHENS, Greece, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced its unaudited financial and operating results for the fourth quarter of 2023. Unless otherwise indicated or unless the context requires otherwise, all references in this press release to "we," "us," "our," or similar references, mean S...
- Jørgen Lian
Star Bulk (Buy, TP: USD25.00) - Near-term forecasts lowered
We have cut our Q4 estimates after a modelling change to better reflect the guidance and revenue timing against the latest freight rate movements. We have lowered our 2023e adj. EBITDA by 7%, while 2024–2025e are largely unchanged. This leaves us 8% above Bloomberg consensus adj. EBITDA for Q4 and still considerably above (40%) for Q1. Our valuation is unaltered, and we reiterate our BUY and USD25 target price.
Star Bulk Announces Date for the Release of Fourth Quarter and Twelve ...
Star Bulk Announces Date for the Release of Fourth Quarter and Twelve Months Ended December 31, 2023 Results, Conference Call and Webcast ATHENS, Greece, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK) today announced that it will release its results for the fourth quarter and twelve months ended December 31, 2023 after the market closes in New York on Monday, February 12, 2024. Star Bulk's management team will host a conference call to discuss the Company's financial results on Tuesday, February 13, 2024 at 11:00 a.m. Eastern Time ...
- Jørgen Lian
Genco Shipping & Trading (Buy, TP: USD20.70) - Bulkers at a considerab...
We believe Genco offers investors an attractive entry into dry bulk exposure, with its material NAV discount offsetting what we see as elevated vessel values in light of modest prevailing TC rates. We reiterate our BUY and have raised our target price to USD20.7 (19.0).
- Jørgen Lian
Star Bulk (Buy, TP: USD25.00) - Creating a bulker behemoth
Star Bulk is flexing its muscles at a time when rates, fuel spreads, and vessel values are all pointing in a positive direction. Following its favourably timed and highly accretive 20m share buybacks, our NAV has risen to ~USD29/share. In our view, this leaves substantial headroom for investors to add discounted dry bulk exposure to a top-tier owner, which, on a relatively modest rate outlook, looks set to generate healthy returns from its premium-earning vessels and low cost base. We reiterate ...
Hexagon Composites ASA - Participation in Hexagon Purus' contemplated ...
Hexagon Composites ASA - Participation in Hexagon Purus' contemplated convertible bond private placement 20 December 2023: Reference is made to the stock exchange announcement from Hexagon Purus ASA ("Hexagon Purus" or the "Company") published 20 December 2023 at 16:31 (CET) whereby the Company announced the launch of a contemplated private placement of senior unsecured convertible bonds (the “Convertible Bonds”) raising gross proceeds of up to approximately NOK 1,000 million (the “Convertible Bond Private Placement”). The Convertible Bond Private Placement is supported by Hexagon Composit...
- Dave Nicoski
- Ross LaDuke
Vital Signs: Actionable charts
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
VIRC VIRCO MANUFACTURING CORP.
STLD STEEL DYNAMICS INC.
LCNB LCNB CORP.
INTC INTEL CORPORATION
GLP GLOBAL PARTNERS LP
ESCA ESCALADE INC.
COST COSTCO WHOLESALE CORPORATION
BPMC BLUEPRINT MEDICINES CORP.
GNK GENCO SHIPPING & TRADING LTD.
MCBC MACATAWA BANK CORP.
FMAO FARMERS & MERCHANTS BANCORP INC.
GLOB GLOBANT SA
TREE LENDINGTREE INC.
AA ALCOA CORPORATION
CRD.A CRAWFORD & CO. CL A
RYTM RHYTHM PHARMACEUTICALS
AMRX AMNEAL PHARMACEUTICALS INC. CLASS A
EBTC ENTERPRISE BANCORP INC.
VRCA VERRICA PHARMACEUTICALS
ALEC ALECTOR
BBIO BRIDGEBIO PHARMA
XRX XEROX HOLDINGS CORPORATION
TNK TEEKAY TANKERS
EGLE EAGLE BULK SHIPPING
CGNT COGNYTE SOFTWARE LTD.
AMR ALPHA METALLURGICAL RESOURCES INC
MYO MYOMO
FOUR SHIFT4 PAYMENTS
PRCT PROCEPT BIOROBOTICS CORP
PAY PAYMENTUS HLDGS INC
IMMX IMMIX BIOPHARMA INC
BHVN BIOHAVEN LTD
TEAM ATLASSIAN CORPORATION
ML MEILI AUTO HOLDINGS LTD.
IIND ISHARES MSCI INDIA UCITS ETF
- Jørgen Lian
Star Bulk (Buy, TP: USD21.00) - Set to acquire Eagle Bulk for shares
Star Bulk, together with Eagle Bulk, yesterday announced a definitive agreement to combine in an all-stock merger by issuing 2.6211 Star Bulk shares for each Eagle Bulk share. The consideration equates to a 13% premium to Eagle Bulk’s closing price, while the combined entity would eye at least USD50m in annual synergies. For Star Bulk, we believe the agreement represents an opportune move, taking advantage of better market pricing and adding even more scale to its efficient operations. We would ...
Star Bulk Successfully Completes the Second Repurchase of 10 Million o...
Star Bulk Successfully Completes the Second Repurchase of 10 Million of Its Common Shares From Oaktree ATHENS, Greece, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced that on December 1, 2023, they closed the previously announced repurchase of 10 million of its common shares from Oaktree Shareholders (as defined below and such transaction, the “December Share Repurchase”). As a result of the closing of the December Share Repurchase, (i) th...
- Jørgen Lian
Star Bulk (Buy, TP: USD21.00) - Out with the old, in with the new
Star Bulk is disposing of five vessels and bringing two firm newbuilds into the fold as the company ‘looks towards fleet renewal’. Despite what we view as elevated asset values, Star Bulk’s renewal comes at a likely favourable point in the cycle, with constructive supply-side fundamentals providing solid support and upside potential, should demand improve. We reiterate our BUY but have cut our target price to USD21 (22).
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