"Gross Tonnage (GT) refers to the volume of all ship's enclosed spaces (from keel to funnel) measured to the outside of the hull framing. It is always larger than gross register tonnage, though by how much depends on the vessel design. It was a measurement of the enclosed spaces within a ship expressed in "tons" – a unit which was actually equivalent to 100 cubic feet.
Tonnage measurements are now governed by an IMO Convention (International Convention on Tonnage Measurement of Ships, 1969 (London-Rules)), which applies to all ships built after July 1982. In accordance with the Convention, the correct term to use now is GT, which is a function of the moulded volume of all enclosed spaces of the ship."
snicker... almost LOL... perpetual 20-25% dividend eh? hmmm...
As global interest rates tend toward 0 i and i tend to think that a DSX stable yield will be rather more attractive, tending toward 10% yield (if not lower) rather than 25%, which would tend towards a PPS of $20+ as opposed to 8ish.
don't much care fo' gubment work,
"Diana Shipping recognizes revenue on the basis of the annual average over the term of the charter per ship; so..."
Who is this that is so wise in the ways of reading SEC filings?
"...you've got a couple of bugs in your algorithm which still leave you a few cents per quarter shy..."
Close enough for a gubment job.
Here's some more numerology for you. Following is the future share price of DSX if it is valued by todays multiples, based on projected divi (which as I have proven can be determined by any joker):
OK; i and i have solved part of the puzzle of your mysterious numerology: (once more, with feeling...) Diana Shipping recognizes revenue on the basis of the annual average over the term of the charter per ship; so... your revenue numbers for the current quarter are inflated AND your numbers for the future quarters are inversely low which overall means that... you've got a couple of bugs in your algorithm which still leave you a few cents per quarter shy of real Q2 numbers if you "plug" in the actual expenses and actual revenue (imho).
nobody doesn't like Sara Lee, Marco,
"How do YOU know I haven't seen it?"
Because I haven't posted it yet (but could any minute).
"3.14 percent of the average European paint factory workers don't like pie"
Straduvarius is right - you're close but no cigar. The correct number is 3.1416%. And incidentally, if you multiply that number by the diameter of a pie chart, you'll get the number of employees in the company the chart represents.
"...considering you haven't seen it yet."
How do YOU know I haven't seen it?
"Who doesn't like pie?"
It's a well known fact that 3.14 percent of the average European paint factory workers don't like pie.