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Star Bulk Carriers Corp. (SBLK)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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6.60-0.51 (-7.17%)
As of 10:20AM EDT. Market open.
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  • G
    GM
    $SHIP conversation
    New FreightWaves article with broker comments RE: what’s causing Capesize dry bulk shipping rates to tumble + when downward trend may reverse + latest index data from Baltic and Platts: $SBLK $SHIP $SALT $GOGL $GNK $EGLE #BDRY $BDI $VALE https://www.freightwaves.com/news/dry-bulk-shipping-rates-slashed-in-half
    Dry bulk was riding high just a few weeks ago. Now it’s taking a tumble.
    Dry bulk was riding high just a few weeks ago. Now it’s taking a tumble.
    www.freightwaves.com
  • G
    GM
    $NAT conversation
    Shipping stock mid-year review: Here’s YTD charts + post-COVID-low-to-present + tankers vs drybulk vs indices + 52 wk high/lows. New FreightWaves coverage – see all the charts here: $NAT $EURN $DHT $FRO $INSW $STNG $DISSI $TNK $TNP $TOPS $BDI $BDRY $SBLK $GOGL $GNK $EGLE $SHIP https://www.freightwaves.com/news/tanker-stocks-are-sinking-toward-the-bottom
    Nordic American Tankers is the best stock performer among larger listed ship owners. Scorpio Bulkers is the worst.
    Nordic American Tankers is the best stock performer among larger listed ship owners. Scorpio Bulkers is the worst.
    www.freightwaves.com
  • A
    AmericanPatriot
    2019 was the highest the BDI ever hit in over 30 years. It looks like we are heading to a new high in the not to distant future. SBLK is about as well positioned as you can get.. I'm looking forward to this ride as if even the market tanks, so long as the Chinese record breaking demand for Iron Ore and Coal remain insatiable while trying to build their infrastructure (internal and "Belt and Road") and domestic consumption - SBLK will sale and not be hit near as hard.. I think a 50% increase this year is real with a 100% increase doable. I forgot the percentage, but the overwhelming majority of all dry bulk (top two on the list) are IRON ORE and COAL.. and they demand is very high.

    https://www.industryweek.com/supply-chain/procurement/article/22022460/1-billion-tons-of-iron-ore-are-headed-for-china-this-year

    https://notalotofpeopleknowthat.wordpress.com/2020/06/16/china-adds-new-wave-of-coal-plants-after-lifting-curbs/

    >>>>> THIS IS WORTH READING IF YOU WANT A DEEPER LOOK AT DRY BULK <<<<
  • G
    GM
    $SHIP conversation
    Could drybulk shipping stocks see rate upside from crew-change crisis? Iron-ore exporter Australia is reportedly enforcing new rules to detain ships if crew are aboard too many months/do not have valid certificates. Will charterers start vetting crew lists? Less ships passing muster = higher rates. See details in FreightWaves story: $SHIP $GOGL $SBLK $GNK $BDI $BDRY https://www.freightwaves.com/news/crew-crisis-to-trigger-ship-detentions-and-diversions
    Global trade fallout from the crew-repatriation crisis has begun — and looks poised to snowball.
    Global trade fallout from the crew-repatriation crisis has begun — and looks poised to snowball.
    www.freightwaves.com
  • Y
    Yahoo Finance Insights
    Star Bulk Carriers is down 8.93% to 6.22
  • K
    KevinR
    https://www.starbulk.com/media/uploads_file/2019/05/28/p1dbtoose0163uu3r1mtj39sebs4.pdf

    Am I understanding this correctly? They are effectively selling shares at nearly 80% above today's current price. 139.5 million of aggregate purchase price, minus 80 million in cash, leaves 59.5 million, which is the amount of value "assigned" to the 4.503 million in shares, meaning each share is being valued at $13.21. Based on Friday's closing price of $7.42, that's nearly an 80% premium over Friday's price. Seems like a helluva deal. Shouldn't this cause a big jump in the share price?
  • d
    d
    Just sold. Drybulk rally has run it's course. BDI topped and has started to retreat. The burst in Capesize ore cargoes resulting from the mine reopening and the intense restocking in China has occured and now it's up to the "normal" things like steel demand in China (weakening) and global trade (also weakening). Expect the BDI to accelerate down in the next few weeks and SBLK shares to follow somewhat. Q3 is going to be awesome, but the outlook will be muted. Opposite of Q2 earnings.
  • P
    Pablo
    Star Bulk Carriers Corp. Reports $5.8 Million Net Profit for the Third Quarter 2019 and Declares Quarterly Dividend of $0.05 Per Share
  • K
    KevinR
    After market close yesterday, SBLK repurchased 600,000 shares for $5.04 million. Over the past 7 months or so, they have repurchased nearly 2.5 million shares for roughly $19.6 million. https://www.starbulk.com/media/uploads_file/2019/06/24/p1de5jtonfbk61g7j1bt4uvue314.pdf
  • M
    Marvin
    Cleveland-Cliffs Inc.
    Chinese iron ore port inventories and other dry bulk cargoes will have to be restocked. The following article is analysis about SBLK. However, this article sheds light on the iron ore port inventories from a different angle.

    Star Bulk Carriers Corp. - Pay Now, Party Later https://seekingalpha.com/article/4268216?source=ansh $SBLK, $DSX, $GNK, $GOGL, $SALT
    IMO 2020 disruptions, bottlenecks in shipyards and restocking Chinese iron ore port inventories and across other dry bulk cargoes will create opportunities in t
    IMO 2020 disruptions, bottlenecks in shipyards and restocking Chinese iron ore port inventories and across other dry bulk cargoes will create opportunities in t
    seekingalpha.com
  • R
    Ram
    DHT Holdings, Inc.
    Crude tanker rates jump as more oil output 'fantastic news' https://seekingalpha.com/news/3549876?source=ansh $FRO, $NAT, $NNA, $NM, $NMM, $TNK, $TNP, $TK, $DSSI, $ASC, $SFL, $DHT, $EURN, $INSW, $GNK, $SB, $SBLK, $STNG, $SEA, $BDRY
    Benchmark Middle East-to-China tankers surged 12% to WS 54.58, the highest since Jan. 30 and equating to dayrates of $38,694, up 28% from Friday, Bloomberg reports, citing Baltic Exchange data.Other m
    Benchmark Middle East-to-China tankers surged 12% to WS 54.58, the highest since Jan. 30 and equating to dayrates of $38,694, up 28% from Friday, Bloomberg reports, citing Baltic Exchange data.Other m
    seekingalpha.com
  • d
    d
    Looking at events which may have been affecting SBLK's share price and one jumps out. The Songa shares were unlocked on January 23. 13,725,000 shares became available to sell, it would appear. Coincides pretty closely with the recent downdraft in the share price. Perhaps today, that selling pressure is gone. For it to be up nearly 7% on a day when the BDI is relentlessly headed south is atypical.
  • C
    Curly
    If dry bulk shipping company share prices are a leading economic indicator (which I believe), the world economy , and the stock market, are in trouble. Bulkers are below the December lows, but the overall market is not. If the overall market takes a swoon, will the bunkers drop more, too? Based on today's action so far, this is true
  • d
    d
    No only has the BDI not over shot to the upside, it will go up 50% more in 2019. Sellling SBLK now is wasting at least $3 a share. I originally stated a few months back that this will print $12 this year (it was $7 at the time). Now I've raised that target to $15 this year. SBLKs 2020 earnings are going to astound people. Check the early numbers by the analysts .
  • G
    Gary
    I think were going to to see new highs. GO SBLK we been in this range for a long time.
  • A
    Adam
    Earnings missed by 3 cents. Revenues beat and surged
  • G
    Gary
    Big news SBLK is growing there fleet to 170 ships up from 111 with new financing and could start dividend in January 2019.
  • G
    Gary
    Technical Event from 2016 to present.
    Star Bulk Carriers Corp. Enters Wave 3 of Elliott Wave Cycle

    09/21/2018

    Recognia has detected that Star Bulk Carriers Corp. (SBLK on NASDAQ) has entered Wave 3 of its Elliott Wave cycle. This bullish signal indicates that the price may rise from the previous close of 12.90 to the next Elliott Wave target price of 22.52.

    Wave 3 of the Elliott Wave cycle is the third and typically the most powerful move in the five wave trend. This move is in the direction of the overall market trend (either bullish or bearish). By definition, Wave 3 cannot be the shortest of the three impulsive waves and should as a rule have greater volume then either Wave 1 or 2. For stocks, Wave 3 is usually the longest and most trade-able wave in the Elliott Wave cycle. The Wave 3 target price is determined using Fibonacci ratios and should typically be 1.618 or more times the movement of Wave 1.
  • B
    Brian
    Can anyone tell me which site they use to get the BDI numbers for early the same day?
  • J
    John Kolter
    Good market action today. They tried to push the price down, but couldn't close the gap. Next target on the upside is $4.00 to $4.28. Good luck shorts - NOT!