Amazing that zacks and a few other so called analists are misleading you guys so that their friends, the hedgies can UNLOAD. Just look at the basic figures. You want in the shipping oil business.... EURN at $11 is a no brainer. Good luck with FRO
As you can see here.... 2015 was a good year and now the spot is at around $65000 and still climbing.
By the way... when price of oil increases steadily.....more people will want to buy quickly now the price is still low... will be a good 2016 .... and people who says.... 2017....2018 will be worse.... yea... or better... and that goes for most companies..... Coca Cola and Mc Donalds and FOrd etc...... with this big difference.... only few returns +80% to stockholders
We sure will get $2 in 2016... and the double tax goes for most other foreign companies Read the prospectus again, they said they will pay minimum 80%. They did not say they will pay 80%.
And the spot market will be there all the time. Remember, even with China growing at only 5%, the world needs about 12 more vessels a year and China is not the only growing big country. Do not forget India.
And something between you and me, even when the oil industry is finished, those EURN vessels can transport OTHER liquids as well........for een more profits......
yes and no. This year, in fact, not a year but within 9 months EURN will pay you around $1 in may and around $1 in september. That makes $2 and is more then 20%/anum.
But I understand what you try to say. The dividend for the full year 2015 will be in total around $1.6
My point is that within 9 months you will receive $2 from a company with a pps of $12 and the net few years that payement will not stop no matter the price of oil. Let s all hope the pps will fall a lot more so we can buy cheap.
Last september they payed 65 cents as an interim
total netto profits in 2015 were 2.2 dollar / share
They will pay minimal 80% of net profits minus profits made on sales of ships. Profits on sales were around 10 cents/share or less
So 80% of $2.1 = $ 1.7
minus 65 cents interim makes $1.05 payable by the end of may
AND, september 2016, the interim dividend will be around $1 because the oil is cheap and is moving more quickly around the globe.
By the way, thats the main reason , when markets are tanking big, EURN 's pps tanks little. Funds are buying this company. Returns at around 15%/year are not easy to find nowadays....