Global Ship Lease, Inc. (GSL)

NYSE - NYSE Delayed Price. Currency in USD

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19.37

-0.72

(-3.58%)

At close: 04:00PM EDT

19.89

+0.52

(+2.68%)

After hours:

04:42PM EDT

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b
GREAT EARNINGS REPORT
Bullish
M
Jefferies Maintains Buy on Global Ship Lease, Raises Price Target to $25
BY Benzinga
— 9:58 AM ET 08/05/2022
Jefferies analyst Omar Nokta maintains Global Ship Lease NYSE:GSL with a Buy and raises the price target from $22 to $25.
R
when is x-div date?
y
what a deal doe gsl !!!
Latest Seasure - New $GSL fixture, 4300 TEU, 5 years at $39,000/day. This is a fantastic rate going out past when the influx of newbuilds come on the water and will allegedly cause massive losses for owners lol. https://t.co/tRANvycvty
H
“I am more bullish on energy and shipping than at any time since mid-2020, and last week I was more bullish on *selective* #shipping like $DAC $GSL than at any time in my entire career.” J.Mintzmyer 7/19/22
R
With GSL only trading with a market cap of $335mm, you would think a company like ZIM would simply buy them to get access to their 65 ships. As ships come up for renewal, ZIM could re-lease or use themselves. Assume the $900mm in debt that GSL has, and this would be a great way for ZIM to protect themselves against high priced charters in the future. Would probably have to offer $35-40/sh for GSL, but that’s still cheap.
B
Blocktrade done in GSL equivalent of 3,3% of the float! They started their buyback I suspect. Buying back their own contracted backlog with 63% discount!!!!! Thank you
M
Jefferson Research upgrades GLOBAL SHIP LEASE ORD SHS CLASS A from HOLD to BUY.
M
A beat on earnings and we are down.
BY Benzinga
— 8:21 AM ET 08/04/2022
Global Ship Lease NYSE:GSL reported quarterly earnings of $1.85 per share which beat the analyst consensus estimate of $1.74 by 6.32 percent. This is a 180.3 percent increase over earnings of $0.66 per share from the same period last year. The company reported quarterly sales of $154.46 million which beat the analyst consensus estimate of $145.34 million by 6.27 percent. This is a 86.38 percent increase over sales of $82.87 million the same period last year.
p
Disappointing ER, no buybacks. We go down.
Bearish
M
S&P Upgrades Global Ship Lease to 'BB' on Higher EBITDA Generation and Favorable Market Conditions; Outlook Stable
D
How low is this gonna go ?
M
Great earnings but down heavily…..why, what gives!?
Bullish
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FREIGHTOS July 6,2022
"Falling ocean container rates, especially on the transpacific, suggest that capacity continues to exceed demand. Asia – N. America rates fell 2% this week, with West Coast shipments now costing about half what they did in April. These rates are more than 30% lower than this time last July when prices were beginning their 80% peak season spike over the course of the month."
"Volumes from Asia to Europe have already fallen on an inflation-driven decrease in demand. And though prices have dropped more than 25% since the start of the year, port congestion – which is only getting worse – is nonetheless keeping rates well above the norm. Any peak season increase in volumes would only make things worse."

In this environment to date charter rates have held at record high levels. Why? A bounce back in volume is anticipated by shipping Co.'s coupled with further logistic disruptions. GSL trades down further following ZIM's leadership. I expect this pattern of follow ZIM's price action all the way into earnings season.
j
MAYBE THE BUYBACK IS DELAYED? WAIT UNTIL $4?
P
What percent is witholding tax for GSL? Marshall Island HQ?
r
Shipping co’s ripe for a ton of Mergers and acquisitions $SHIP $DSX $SB $CTRM $SBLK $GNK $ZIM $GRIN $GOGL $EDRY $CMRY $GSL $NMM $GLBS
p
$DAC conversation
$dac $sb $zim $gsl if you bought befor today it will take months to get back even. Seems nobody knows what actually happened today.
H
"ZIM" is in the toilet with 75% exposure to a declining spot market and the bargain rents on their leased fleet rolling over. BofA's new $40 target added insult to injury. "DAC" and "GSL", since they have sold off with "ZIM" are both increasingly undervalued. They are both on the other side of the leasing equation from "ZIM" and are renewing long term leases at record prices - unlike the spot market, the charter rates remain high. What about a recession? To date volume declines have been offset by many factors reducing the effective size of the overall container fleet... covid, port congestion, worker shortages, oil price, union issues and politics are all continually mentioned in the news. And we are just moving into the peak container shipping season. I own both "DAC" & "GSL" but I am currently only adding to my "GSL" position. "DAC" sans "ZIM" doesn't have the eye popping financials "GSL" has - Q1'22 EPS $1.91 3.4 X PY with a $16 stock! I am also adding to my "TGH" position - there is a growing trend at ports around the world to not allow empty containers to be shipped in - this will significantly reduce the turnover of the containers.
m
I was thinking about buying gsld does anyone think they will have trouble paying these notes back in 2024