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Nordic American Tankers Limited Message Board

  • natoil99 natoil99 May 9, 2014 1:14 PM Flag

    NAT will receive $1,950,000 for first quarter dividend from NAO

    Expect NAT to rise to $10 to $15 a share!!!
    NAT owns 26% of NAO. NAT will receive cash from NAO too for the dividend.
    16,666,666 shares NAO x 26/100 = 4,333,333 owned by NAT.
    4,333,333 x 0.45 per share = $1,950,000 paid to NAT in dividend for first quarter.

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    • NAT will receive dividend from NAO. Also NAT shareholders will receive NAO shares and dividend. I expect NAT share price to jump higher between now and June 30. The news today is excellent.

    • Yup, it sure did, as stated in the 1Q2014 results, "about $2,000,000".

      Sentiment: Strong Buy

    • Don't get too excited. That works out to about 156 cargo days for one Suezmax. But they also incurred some on-times that drove down the margin. So it looks like each 6 OSVs at NAO equal about one Seuzmax for NAT in revenue. Now, that said, if a little more drama besets the surviving Suezmax owners due to rape level booking rates, and we see another couple of 4 paws up companies, then rates may climb. I think that NAT is one of the better positioned Suezmax operators to survive the financial shellacking this leg of the industry is taking. But, like anyone, NAT has its limits as well. It appears to me that they are in survival mode, and positioning as best they can for post toilet booking rates (whenever that may be....)

      Sentiment: Strong Buy

    • How do you justify paying a 45 cent per share dividend when the earnings per share for the quarter were 10 cents? What am I missing?

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