Heres my Calculations.
If you can improve on this, please post!
A) There were no change in daily ship rates the entire 2nd Qtr.
These are the ship by ship per day rates I used.
Coronis $27,500 - Erato $80,300 - Naias $34,000 - Clio $27,000 - Calipso $60,500 - Protefs $70,000 - Thetis $60,250 - Dione $82,000 - Danae $29,400 - Oceanis $40,000 - Triton $24,400 - Alcyon $34,500 - Nirefs $55,000 - Aliki $52,000 - Sideres $39,333 (Avg of 3 Charters) - Semiro $41,000 (Avg of 2 Charters)- Boston $52,000 - Salt Lake $55,800 - Norfolk $74,750. (From DSX Website)
91 days in the 3 month period and 19 ships.
Total Revene: $85,515,703
Deduct the following:
Voyage Expense ($2,600,000)From DSX Wesite 1st QTR results.
Daily ship Expense ($9,509,500) ($5,500 per day X 19 ships X 91 days)
Gen & Admin Costs ($3,580,000)From DSX Wesite 1st QTR results.
Interest & Finance Costs ($2,000,000)Guestimate.
Commision of %5 ($4,275,785) From DSX Website (Fleet Employment)
Net Revenue of $65,550,418
Divide by 74,404,000 O/S Shares (from DSX website)
Equals .8541 per share
Add .07 per share (Adding back depreciation which is not used in Dividend Calculation by DSX)
2nd QTR Dividend = 92 Cents (Give or take 2 cents as a margin of error).
This is the same calculation that I used for 1st QTR. (My 1st QTR Dividend Guess was 83 Cents - Actual Dividend was 85 Cents - Look up my post)
Comments? Other Financial info I missed?
What does your Due Diligence come up with?
(Please show Numbers).
LOOOOONG on DSX!
I'm 4 harley's also!
(I was a proud Triumph 750 Bonneville owner for many years - Sold it because of a GF, always the GF.... Sigh) Laugh........
Now I'm a proud owner of a Bright Red Moped! Laugh....
But I am saving about $55 a week on my comute to work.
Great analysis that is much appreciated. I've noticed that amidst the noise on almost every stock's message board there are one or two persons that really understand a company's business and post very thoughtful and useful analysis.
Being off by one penny is a fantastic effort for an (assumed) outsider. You can add this one to your excellent track record.
Thank you for your effort and DD.