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I "tripled down" today!....as opposed to "double down". Drove across all of WIS yesterday and spent a bunch of time in Madison. The economy is wrecked and is not coming back anytime soon.....so neither is demand for oil. Bodes well for all the shippers with big storage boats.
I did too.it will be up soon.
I bought lots of shares today. First time I ever bought DHT.
Sold some of my NAT.
Oil Chaos: Crude Tankers With Perfect Setup
https://seekingalpha.com/article/4338753-oil-chaos-crude-tankers-perfect-setup
"a VLCC in this market can earn more cash flow in a single route for 60-80 days than in nearly five years of normal operations."
"If searching for firms with heavy VLCC capacity, DHT Holdings (DHT), was the top pick with a 100% pureplay fleet"
This is still the early part of DHT's rise. 52wk highs coming soon.
"DHT Holdings, Inc. Cashes In Its Ships: 6 Vessels Fixed At High Rates For One Year Terms"
https://seekingalpha.com/article/4337508-dht-holdings-inc-cashes-in-ships-6-vessels-fixed-high-rates-for-one-year-terms
* * $DHT Video Chart 10-04-2019 * *
Link to Video - click here to watch the technical chart video
News: $DHT DHT Holdings, Inc. announces an adjustment to the conversion price of its 4.5% Convertible Senior Notes due 2019
HAMILTON, BERMUDA, September 13, 2019 – DHT Holdings, Inc. (NYSE:DHT) (“the Company”) announced that, in connection with the previously announced cash dividend of $0.02 per share of common stock paid on August 29, 2019 to stockholders of record as of the close of busine...
Got this from DHT - DHT Holdings, Inc. announces an adjustment to the conversion price of its 4.5% Convertible Senior Notes due 2019
News: $DHT DHT Holdings, Inc. announces the results of the 2019 Annual Meeting of Shareholders
HAMILTON, BERMUDA, June 14, 2019 - DHT Holdings, Inc. (NYSE:DHT) ("DHT") announces the results of its 2019 Annual Meeting of Shareholders (the "Annual Meeting"). The Annual Meeting was held on Wednesday, June 12, 2019. At the Annual Meeting, the shareholders voted to elect Eina...
In case you are interested https://marketwirenews.com/news-releases/dht-holdings-inc-announces-the-results-of-the-2019-annual-meeting-of-shareholders-8356322.html
Tanker shipping rates are up.
Toofuzzy
Any one have any ideas why the price per share keeps drifting higher?
Well that upturn didn't last very long.
Toofuzzy
Taken from Second Quarter 2017 Highlights:
"For the second quarter of 2017, the Company will return $15.1 million to shareholders, equating to 315% of net income. The return of capital is comprised of $12.2 million of buy-back of convertible senior notes and $2.9 million, or $0.02 per share, as cash dividends payable on August 31, 2017 for shareholders of record as of August 24, 2017. Outstanding amount under the convertible senior notes is $105.8 million following the buy-backs."
I am a long but I'm not sure that the results can be very good. It looks like spots were generally lower than last quarter and last year. Time charters are very poor. Could the new ships have been accretive at all to the quarter??
I'm guessing small profit and small dividend
Anyone have any insight into what type of news we should receive this evening?
cobas asset management, sgiic, s.a. has filed a new 13G, reporting 5.0% ownership in $DHT - https://fintel.io/so/us/dht and https://fintel.io/i/cobas-asset-management-sgiic
Frontline's complaint against DHT-BW deal rejected by court
DHT Holdings (NYSE:DHT) says a court in the Marshall Islands rejected Frontline's (NYSE:FRO) lawsuit against its March sale of a large stake to BW Group.
FRO, which holds a 14.5% stake in DHT, has been trying to take over the company for the past year, but DHT struck a tankers-for-shares deal with BW Group that made the latter DHT's biggest shareholder with a 30%-plus stake; FRO then sought to stop the deal in the U.S. courts, but the New York County Supreme Court said it had no jurisdiction over DHT, which is incorporated in the Marshall Islands.
DHT says the Marshall Islands court cited FRO's "failure to demonstrate" a probability of success on the merits of its claims.
BW Group Ltd has filed a new activist 13D, reporting 25.3% ownership in $DHT - https://fintel.io/so/us/dht
DHT video here, direction: https://goo.gl/zdR0vl
Frontline (NYSE:FRO) confirms it approached DHT Holdings (NYSE:DHT) with a proposal for a possible business combination.
The company offered to acquire all outstanding shares of DHT in a stock-for-stock transaction at a ratio of 0.725 Frontline shares for each DHT share.
DHT price locked in to FRO price if acquired/merged. FRO 6.875 x 0.725 = 4.98
I am out at 4.80
Why Frontline Ltd. (NYSE:FRO) Can’t Acquire DHT Holdings Inc (NYSE:DHT) https://marketexclusive.com/frontline-ltd-nysefro-cant-forcefully-acquire-dht-holdings-inc-nysedht/70768/?icd1
DHT got a buyout offer from FRO ( FRONT LINE )
Not enough money for me. So far 11%;pop in price.
Toofuzzy
More oil in the market, more oil to ship?
This is the kind of stock you should buy when the div is low and sell when it is high.
Toofuzzy
Divy will probably be up and down over time. I'm banking on the average being high
Bought DHT for divvy... oh well....
Hopefully, this is bottom and they will increase divvy in future.
Thanks for your post. I don't follow this market very closely so your information is helpful.
I bought this stock because I felt it was undervalued. Still is only more so.
The whole tanker industry is being hit hard in this market. Tanker stocks are always volatile. I bought more
This is the analyst I am following J Mintzmyer, Premium Contributor
"DHT management has been very conservative recently. They were talking about rates temporarily peaking (note their cycle chart in their presentations) even in late 2015 and early 2016.
Unlike some of their peers, they have a clean balance sheet and they don't resort to PR 'spin.'
The "past 18 months" referring I suppose to Jan15-June16 were a fantastic run. If the market truly expected the next 18 months to be remotely similar, DHT stock would be $20+.
Management's statements were therefore very measured and fairly obvious. There have been a near-record # of VLCC deliveries in 2016 (2010 and 2011 were higher), but 2017 and 2018 will be lower and newbuild orders have plummeted.
Fleet dynamics for modern vessels (15-years or younger) are very balanced."
Are you still in DHT? My god, i wasn't expecting such a lousy report. If this is the worst of it, no problem, but if it keeps tanking 5-10% every day then i'm screwed.T
THoughts?
I really feel this is a difficult stock to analize. It trades at such a low p/e. Strange to say the least.
Oil tanker rates have jumped to a four month high as traders booked the most-ever cargoes for this time of year, offering signs that Middle East producers could be adding barrels to the market just before OPEC cuts.Bloomberg: Tanker rates jump as Middle East cargoes rise before OPEC deal
Dht Holdings, Inc. (DHT)
4.38 ? -0.03 (-0.68%)
Volume: 892,917 @ 12:29:02 PM ET
Bid Ask Day's Range
- - 4.36 - 4.47
Well I wish the price would double so I can lighten up on my holdings.
What have tanker rates doing recently?
Toofuzzy
tankers all of a sudden are getting upgraded... nothing has actually changed, just that all of a sudden the industry isn't so god-aweful as everyone was saying just a few days ago
funny how quick these things change, when nothing else is changing.
I bought some more at 4.26 today. Hope it goes up enough to let me sell some shares.
Toofuzzy
Just when you got it figured out, it does the opposite!
We had over 400,000 shares of nonstop selling into close. this happens nearly every day. Open strong then spend all afternoon in perpetual sell-off. He we open red though, we just get redder throughout the day.
Getting fed up with this pig. Will just dump at the morning pop and buy it at end of day for a quick 2-3% turnaround.
Oil higher, fees higher. The most critical thing is bow many tankers are there.
OPEC agreed to cap production... what effect on tankers?
Double up, buy these same calls:
optionMONSTER's monitoring system detected the purchase of 6,000 2017 January 5 calls followed buying in the same call strike on Friday.
Suezmax showing some life but unfortunately not so much for the VLCC's.
Trying to decide whether to use my dividend to buy more or if this is still headed lower.
Are tanker rates er....still tanking?
Toofuzzy
Trying to decide whether to use my dividend to buy more or if this is still headed lower.
Are tanker rates er....still tanking?
Toofuzzy
When oil is not moving that is very bad for tankers. All they can be used for is storage. Which I am guessing commands less daily fees. What we need is for the glut of oil to disappear. The aging boomers, do not buy oil, do not drive, do not consume as much. That is a recession, by itself. Take away a little more and that is a depression.
On top of that there are a lot of tankers available. DHT has positioned itself well to last into 2017, 2018 when I see J Mintzmyer is feeling things might turn around.
Read what he says: J Mintzmyer
mulligan43, if DHT can pay a dividend it will be much easier to wait things out.
Is this the bottom? Could be new trading range as many countries have huge stock piles of oil.
Much like many of the oil stocks
Buy now and wait
Long Term- they will rebound from these levels
or a consolidations will occur (I predict)
In all, a good market to accumulate now
looks like you were right... i knew it would tank ex-div, but i was suspecting at the most a dollar. We're past that already... wondering where the bottom is here. Thinking the oil stockpile news tanked it today, it should rebound a bit tomorrow, but no telling where it will ultimately settle.
The support bothered me. The channel told me it broke. Did it break here?
Why is $4.72 support?
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DHT Holdings, Inc.
http://www.dhtholdings.com/
COMPANY OVERVIEW
DHT Maritime, Inc. (formerly Double Hull Tankers, Inc.), (NYSE: DHT), commenced operations in October 2005. The Company acquired seven double hull crude oil tankers that originally were chartered to OSG for periods ranging from five to six and one-half years with options to extend the charters for an additional five to eight years depending on vessel. In December 2007 and January 2008, DHT took delivery of two Suezmax tankers that entered into seven and ten year charters to OSG.
In March, 2010, DHT Maritime, Inc. completed a series of transactions that resulted in DHT Holdings, Inc., a newly formed corporation organized in the Marshall Islands, becoming the publicly held parent company of DHT Maritime, Inc. As a result of the transactions, each shareholder of DHT Maritime, Inc. holds one share of DHT Holdings, Inc. common stock for each share of DHT Maritime, Inc. common stock held by such shareholder immediately prior to the series of transactions
In September 2010, DHT changed senior management with the Norwegian shipping partners Svein Moxnes Harfjeld and Trygve P. Munthe joining the company. The company subsequently set out a strategic change from having been a leasing company to become an operational ship owning company. The strategic change included building an efficient and competent organization in DHT's management company in Norway and set the company on a path for prudent growth.
In March 2011 DHT took delivery of the VLCC DHT Phoenix and in May 2011, the company took delivery of the VLCCs DHT Eagle and Venture Spirit.
MANAGEMENT
vein Moxnes Harfjeld Chief Executive Officer | |
Mr. Harfjeld joined DHT as Chief Executive Officer on September 1, 2010. Mr. Harfjeld has over 20 years of experience in the shipping industry. He was most recently with the BW Group, where he held senior management positions including Group Executive Director, CEO of BW Offshore, Director of Bergesen dy and Director of World-Wide Shipping. Previously he held senior positions at Andhika Maritime, Coeclerici and Mitsui O.S.K. Mr. Harfjeld is a citizen of Norway. |
Trygve P. Munthe President | |
Mr. Munthe joined DHT as President on September 1, 2010. Mr. Munthe has over 20 years of experience in the shipping industry. He most recently served as Director with the Norwegian shipowner Arne Blystad. He was previously CEO of Western Bulk, President of Skaugen Petrotrans and CFO of I.M. Skaugen. Mr. Munthe is a citizen of Norway. |
Eirik Ubøe Chief Financial Officer | |
Mr. Uboe joined DHT in 2005 as Chief Financial Officer. Mr. Ubøe has been involved in international accounting and finance for more than 20 years including as finance director of the Schibsted Group and a vice president in the corporate finance and ship finance departments of various predecessors to JPMorgan Chase. Mr. Ubøe holds an MBA from the University of Michigan's Ross School of Business and a Bachelor in Business Administration from the University of Oregon. Mr. Ubøe is a citizen of Norway. |
BOARD OF DIRECTORS
Erik A. Lind Class II Director and Chairman | |
Mr. Erik A. Lind has been Chief Executive of Tufton Oceanic and Managing Director of Tufton Oceanic Ltd. since 2004. Tufton Oceanic is a Fund Management firm for the Maritime, Energy related and the wider global transportation and infrastructure sectors. Mr. Lind has more than 30 years experience in corporate banking, global shipping and specialized and structured asset financing. From 1995 to 2001, Mr. Lind served as Executive Vice President and a member of the Executive Management Committee at IM Skaugen ASA, a Norwegian public shipping and logistics company engaged in the transportation of petrochemical gases, LPG and organic chemicals as well as crude oil lightering. Mr. Lind has also held senior and executive positions with Manufacturers Hanover Trust Company, Oslobanken and GATX Capital. He has been actively involved in corporate recapitalization, financial restructurings, investments, acquisitions and joint venture investments. In addition to his board of directors positions within the Tufton Oceanic group of companies, Mr. Lind currently serves on the advisory board of A.M. Nomikos, a Greek ship-owning company, and on the boards of directors of Alislami Oceanic Shipping Company I and II, investment companies based in the Jebel Ali Free Zone and Cayman Islands, respectively, KFH Oceanic Portfolio Company, a ship investment company based in the Cayman Islands, Frilin AS, a Norwegian private investment company, and Christiania Capital Partners, a private financial advisory and consulting firm based in Norway. Mr. Lind is a resident of the United Kingdom and a citizen of Norway. |
Robert N. Cowen Class I Director | |
Mr. Robert N. Cowen has over 25 years of senior level executive experience in the shipping industry. Since February of 2010, he has served as a Managing Director of Lincoln Vale LLC, an alternative investment management firm with a focus on investing in dry bulk shipping. He is also active as a consultant to investors in tankers and dry bulk shipping. From February 2007 to December 2007 he served as Chief Executive Officer of OceanFreight, Inc., a dry bulk shipping start-up company that went public in April of that year. From October 2005 to December 2006, Mr. Cowen was a partner in the New York office of the Washington, D.C.-based Venable LLP law firm where he focused on maritime related legal issues. Prior to that, Mr. Cowen worked for 25 years at Overseas Shipholding Group, Inc. where he served as Chief Operating Officer from 1999 until 2005, and as a Director (from 1989 to 2005) and Senior Vice President (from 1993 until 2005). Mr. Cowen holds an A.B. degree from Cornell University and a J.D. degree from the Cornell Law School.
|
Einar Michael Steimler Class I Director | |
Mr. Einar Michael Steimler serves as chairman of Tanker (UK) Agencies, the commercial agent to Tankers International, managers of the world's largest VLCC pool. He was instrumental in the formation of Tanker (UK) Agencies in 2000 and served as its CEO until end 2007. Since 1998, Mr. Steimler has served as a Director of Euronav. From 1999 to 2003, he also served as a Director of EXMAR, a CMB Group company. During his long shipping career, he has been involved in both sale and purchase and chartering brokerage in the tanker, gas and chemical sectors and was a founder of Stemoco, a successful ship brokerage firm that was sold in 1994. He graduated from the Norwegian School of Business Management in 1973 with a degree in Economics. Mr. Steimler is a resident of the United Kingdom and a citizen of Norway |
Randee Day Class II Director | |
Ms. Randee Day has been a President and Chief Executive of Day & Partners, Inc., a financial advisory and consulting firm focused on the maritime, energy and cruise industries with a diversified client base consisting of shipping companies, commercial banks and government agencies, since September 2010 and from 1985 to 2004. From April 2010 to September 2010, Ms Day served as Chief Executive Officer of DHT Holdings, Inc. From 2004 to March 2010, Ms. Day was a Managing Director and head of Maritime Investment Banking at Seabury Transportation Holdings LLC, a New York based advisory and investment bank specializing in the transportation industry. Ms. Day has more than 25 years of specialized international financial experience in the marine and energy sectors. From 1979 to 1985, Ms. Day served as the head of J.P. Morgan's Marine Transportation and Finance department in New York, where she was responsible for managing a loan portfolio and overseeing relationships with the bank's shipping clients in the Western Hemisphere and the Far East. She also served in the London offices of J.P. Morgan, Continental Illinois National Bank & Trust and Bank of America. Since 2001, Ms. Day has served as a Director and Chairperson of the audit committee of TBS International plc. |
Rolf Wikborg Class III Director | |
Mr. Rolf A. Wikborg is Managing Director of AMA Norway A/S and a director of AMA Capital Partners in New York, a maritime merchant banking group involved in mergers and acquisitions, restructurings and financial engineering in the shipping, offshore and cruise sector. Mr. Wikborg has extensive experience arranging operating and financial leases for operators in the maritime field and recently has been active arranging mergers and acquisitions. Prior to founding the AMA group in New York in 1987, Mr. Wikborg was a Managing Director at Fearnleys, Mexico, for two years after having worked in the Project Department of Fearnleys, an Oslo based ship-broker. Mr. Wikborg holds a Bachelor of Science in Management Sciences from the University of Manchester, England. Mr. Wikborg is an officer in the Royal Norwegian Navy and is a citizen and resident of Norway. |
Fleet
Vessel | Vessel Type | Charter Expiry | Commercial Pool | Trade | Built | DWT | Class | Flag | Hull Type |
DHT EAGLE | VLCC | May 2013 | CRUDE | 2002 | 309,064 | DNV | Marshall Islands | Double Hull | |
DHT PHOENIX | VLCC | Tankers International | CRUDE | 1999 | 307,000 | Lloyd's Register | Marshall Islands | Double Hull | |
DHT ANN | VLCC | April 2013 | Tankers International | CRUDE | 2001 | 309,327 | Lloyd's Register | Marshall Islands | Double Hull |
DHT CHRIS | VLCC | October 2012 | Tankers International | CRUDE | 2001 | 309,285 | Lloyd's Register | Marshall Islands | Double Hull |
DHT REGAL | VLCC | April 2012 | Tankers International | CRUDE | 1997 | 309,966 | ABS | Marshall Islands | Double Hull |
VENTURE SPIRIT | VLCC | Tankers International | CRUDE | 2003 | 298,287 | BV | Hong Kong | Double Hull | |
OVERSEAS NEWCASTLE | SUEZMAX | December 2014 | CRUDE | 2001 | 164,626 | ABS | Marshall Islands | Double Hull | |
OVERSEAS LONDON | SUEZMAX | January 2018 | CRUDE | 2000 | 152,923 | DNV | Marshall Islands | Double Hull | |
OVERSEAS CATHY | AFRAMAX | January 2013 | Aframax International | CRUDE | 2004 | 112,028 | ABS | Marshall Islands | Double Hull |
OVERSEAS SOPHIE | AFRAMAX | July 2012 | Aframax International | CRUDE | 2003 | 112,045 | ABS | Marshall Islands | Double Hull |
OVERSEAS ANIA | AFRAMAX | April 2012 | Aframax International | CRUDE | 1994 | 94,848 | ABS | Marshall Islands | Double Hull |
OVERSEAS REBECCA | AFRAMAX | April 2012 | Aframax International | CRUDE | 1994 | 94,873 | ABS | Marshall Islands | Double Hull |
2011 News Releases
Financial Reports
Dividend Information
Period | Record date | Payable date | Total Distribution | Ordinary Dividend | Non-dividend Distribution |
Q3 2011 | Nov 8 2011 | Nov 16 2011 | $0.03 | ||
Q2 2011 | Jul 18 2011 | Aug 4 2011 | $0.10 | ||
Q1 2011 | Apr 18 2011 | May 9 2011 | $0.10 | ||
Q4 2010 | Feb 4 2011 | Feb 11 2011 | $0.10 | ||
Q3 2010 | Nov 11 2010 | Nov 22 2010 | $0.10 | $0.10 | |
Q2 2010 | Sep 9 2010 | Sep 17 2010 | $0.10 | $0.10 | |
Q1 2010 | May 31 2010 | Jun 8 2010 | $0.10 | $0.10 | |
Q4 2009 | |||||
Q3 2009 | |||||
Q2 2009 | |||||
Q1 2009 | Jun 3 2009 | Jun 16 2009 | $0.25 | $0.0548 | $0.1952 |
Q4 2008 | Feb 26 2009 | Mar 05 2009 | $0.30 | $0.0657 | $0.2343 |
Q3 2008 | Dec 2 2008 | Dec 11 2008 | $0.30 | $0.2037 | $0.0963 |
Q2 2008 | Sep 15 2008 | Sep 24 2008 | $0.25 | $0.1697 | $0.0803 |
Q1 2008 | May 30 2008 | June 11 2008 | $0.25 | $0.1697 | $0.0803 |
Q4 2007 | Feb 26 2008 | Mar 11 2008 | $0.35 | $0.2376 | $0.1124 |
Q3 2007 | Dec 03 2007 | Dec 12 2007 | $0.37 | $0.0943 | $0.2757 |
Q2 2007 | Sep 12 2007 | Sep 21 2007 | $0.39 | $0.0994 | $0.2906 |
Q1 2007 | May 29 2007 | Jun 12 2007 | $0.38 | $0.0969 | $0.2831 |
Q4 2006 | Feb 22 2007 | Mar 06 2007 | $0.44 | $0.1112 | $0.3278 |
Q3 2006 | Nov 27 2006 | Dec 06 2006 | $0.42 | $0.1642 | $0.2558 |
Q2 2006 | Aug 18 2006 | Sep 04 2006 | $0.36 | $0.1407 | $0.2193 |
Q1 2006 | Jun 01 2006 | Jun 16 2006 | $0.53 | $0.2072 | $0.3228 |
Q4 2005 | Mar 10 2006 | Mar 24 2006 | $0.43 | $0.3757 | $0.0543 |
SEC Filings
Filing Date | Form | Description | Filing Group | Downloads | ||
Nov 03 2011 | 6-K | Report of foreign issuer rules 13a-16 and 15d-16 of the Securities Exchange Act | Current Reports | |||
Oct 13 2011 | EFFECT | EFFECT | Other | |||
Oct 03 2011 | F-3/A | Amendment to a previously filed F-3 | Registration Statements | |||
Sep 02 2011 | F-3 | Registration statement for certain foreign private issuers offered for certain transactions | Registration Statements | |||
Aug 05 2011 | CB/A | CB/A | Other | |||
Jul 29 2011 | CB/A | CB/A | Other | |||
Jul 21 2011 | CB/A | CB/A | Other | |||
Jul 14 2011 | CB/A | CB/A | Other | |||
Jul 14 2011 | 6-K | Report of foreign issuer rules 13a-16 and 15d-16 of the Securities Exchange Act | Current Reports | |||
Jul 06 2011 | F-X | F-X | Other |
CHARTS
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