Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Wow. Another undervalued shipping stock. And a nice move up.
All the attention has gone to OP
GE s new play
Pshg zzzz
Not worth stressing over it....PSHG
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
Hello red candles!! Nothing driving this
LMAO! HELLOOOOOO! $$$$$$$$$$$$$
There are no promises. Only good buys
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
$$$$$$ $ay HELLO to my HUGE profit$.. LOL.
$$$$$$ $ay HELLO to my HUGE profit$.. LOL.
Zzzzz sure. Big wolf . Woof woof
Endless dilution . Say bye bye to your freebies
I see $2.09 is more than $1.80 certainly more than .91. LOL. Pay attention foolish person....BUY the dips and sell the rips, while you build a core position. All my core shares are free and clear with HUGE profits booked. Learn little puppy, learn from a pro. LOL
What you seeing now hawkyyy
No selling up there. Just paint slaps.. let's see where it closes.
No news for 1 month. Can it survive3
Chart show a "measured" move out to $6.00 area. Could happen quickly. Just a FYI. HAWK
LOL. Is $2.29 more than $1.80? Your stupidity is on full display. LOLOLOL
She's dying off... otc Grey's doin more in volume.
Can't hold her up here for long
Just another day in the markets....
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
Don't freeze up!
PSHG
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
Today was beast mode.. all week was beast mode .? PsHG is in Sllooowwww mode
I wouldn't... volume drying out here.. otc s do more
Put this on autopilot?
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
TGIF. What say you PSHG?
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
Only temporary Detroit Breakdown (Live)
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
I should listen to other people's opinions more often...
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
Intraday dump.
Big red candles inbound. Float keeps growing and growing ..
I heard day trading is even more difficult than swing trading or investing...
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
You probably made a profit off this one anyway
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
I sold...don't like your music...lol...kidding
Anyway, I graduated to day trading...doing pretty well with it...it's a sad day (crying)... have to go elsewhere to meet new friends... the market cap s/b way higher here..see ya... tired of watching paint dry
Good luck to you and the rest the board...hope you guys bank soon and will see you at other boards...the link below pretty much sums things up here
youtu.be/RiVnUXZNCX4?feature=shared
Gotta love the stock market. What the market giveth, the market taketh away....
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
This gets no respect. Clint doesn't like that...
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
For a Few Dollars More • Main Theme • Ennio Morricone
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
Float about 14 mill by eow.. dumpage continues. Wait till the fossets really get turned on
Not .70? In the mean time I found some lost members of your family below
youtu.be/qKU0gDE1Ws8?si=pNJEPWXMNfaMReo7
It was hard finding this new home. First, I had to find a stock. Second, it's hard trading out of a backpack
PSHG
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
Here's my new home...
*courtesy of P_ _ G!
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
If I could read the future I'd be a billionaire
It's coming 2.06 close
Is this unstoppable?
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
Here's another one from my library
youtu.be/mIxlvVlOIS0?si=3Rku8PZg529468AS
Thx my friend for that...I'm lazy about finding more music to post...may do some more next week...have a great weekend
More 70's
*brought to you by your friendly sponsor P_H_
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
Someone got to do it.. and keep it going.. Can't keep listening to YouTube hits from the 70s ... smh
Your comedy is entertaining...gives me something to chuckle about every day
Followers
|
24
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
1636
|
Created
|
10/09/20
|
Type
|
Free
|
Moderators S-BEES-BUMBLEBEE |
Revenue was $31.5 million ($30.5 million net of voyage expenses) for the second quarter of 2023, compared to $16.7 million ($11.3 million net of voyage expenses) for the same period in 2022. This increase was attributable to the increased time-charter equivalent rates (TCE rates) achieved during the quarter. Fleetwide, the average time charter equivalent (a non-GAAP financial measure) rate for the second quarter of 2023 was $41,868, compared with an average rate of $24,921 for the same period in 2022. During the second quarter of 2023, net cash provided by operating activities was $22.1 million, compared with net cash provided by operating activities of $2.3 million for the second quarter of 2022.
Net income for the six months ended June 30, 2023, amounted to $34.1 million, compared to a net income of $1.8 million for the six months ended June 30, 2022. Net income attributable to common stockholders for the six months ended June 30, 2023, amounted to $22.5 million, and resulted in earnings per share, basic and diluted, of $2.43 and $1.00, respectively. Net loss attributable to common stockholders for the six months ended June 30, 2022, amounted to $7.8 million, and resulted in a loss per common share, basic and diluted, of $27.29. Net income attributable to common stockholders for the six-month periods ended June 30, 2023 and 2022, has been adjusted by aggregate non-cash items of $10.6 million and $9.3 million respectively, as per US GAAP accounting standards, which do not affect the Company's operating cash flows, EBITDA or performance overall.
Commenting on the results of the second quarter of 2023, Andreas Michalopoulos, the Company’s Chief Executive Officer, stated:
“During the second quarter of 2023, tanker market fundamentals remained firm and our Company achieved a fleetwide average time charter equivalent rate of $41,868 per day. As a result, we generated record revenues of $31.5 million and record net income of $18.4 million during the quarter, representing increases of 88% and 375%, respectively, from the equivalent quarter in 2022. Our cash balance at the end of the quarter was approximately $70.7 million, corresponding to a 78% increase from the 2022 year-end cash balance and representing a multiple of 7.4x our current market capitalization. Our basic earnings per share for the quarter and the first six months ended June 30, 2023 were $1.53 and $2.43, respectively, compared to our closing share price on July 26, 2023 of $0.84.
“We believe that the solid tanker market environment will be sustainable through 2023 and beyond. Our fleet deployment during the previous fiscal year has well positioned our Company to capitalize on the firm freight rate environment through the operation of our renewed and expanded fleet, currently consisting of eight younger and high specification Aframax tankers. Specifically, five of our tankers currently operate under time charter contracts with first-class charterers, earning gross charter rates ranging from $23,000 to $45,000 per day and resulting in aggregate fixed revenues of approximately $52.3 million for the remainder of their charter periods. Our remaining vessels operate under pool arrangements with reputable counterparties. This strategy supplements our already secured revenue backlog and enhances our current profitability by capitalizing on the robust Aframax spot rates. To further solidify our market position, in the first quarter of 2023, we entered into a contract for the purchase of a newbuild LNG-ready LR2 Aframax tanker with a 2025 delivery date. This decision reflects the Company’s confidence in sustainable market fundamentals and higher asset values going forward.
“Despite what we consider to be strong market conditions in the sector, we believe that the value of our common shares remains extremely low when compared with our earnings and cash on hand. As previously announced, in response to our recent share price development, we have put in place a $2.0 million share buyback program, pursuant to which we have already repurchased 1,806,916 shares of common stock to date at an average price of $0.83 per share, of which approximately 1.7 million shares were repurchased during the second quarter. As we strongly believe that the program is in the best interests of both our Company and our shareholders, we will continue to take advantage of our strong balance sheet to invest opportunistically in our common stock through share buybacks under appropriate market conditions.”