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Thursday, May 07, 2020 5:15:34 PM
https://www.fool.com/earnings/call-transcripts/2020/05/07/dht-maritime-dht-q1-2020-earnings-call-transcript.aspx
Randy Giveans (Jefferies - Analyst) asked some great questions during the Q&A, once of which was this:
Q: "With your shares trading pretty far below NAV and well below energy and wealth at the beginning of the year, it doesn't seem like you're really getting the premiums, you probably deserve for these large dividend payouts. So going forward, are you open to either changing your return of capital policy of 60% payout, or using more of this cash for share repurchases and dividends? How do you balance this?"
Trygve Munthe (DHT - Co-Chief Executive Officer)
A: "... We tend to focus on the cash dividends. And then, of course, shareholders can increase their stakes with their dividends. We have, certainly, at times done buybacks as well. And when there's been fantastic opportunities or disconnects between the underlying business and what's going on in the stock market."
Our Take: Seeing that there is a current obvious disconnect between DHT's intrinsic value and its equity price, along with favorable future Q2, Q3, & Q4 conditions, these sub-7 levels present an opportune buyback opportunity. In an earlier post on Yahoo Finance, DHT's Forward EPS is projected to be $3.03. With today's (2020/05/07) closing price of 6.62, that would equate to a Forward P/E of a mere 2.18. This is unheard of for a company paying out a 21% Dividend Yield (6.62 divided by (0.35 x 4)!
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Recent DHT News
- DHT Holdings, Inc. Business Update • GlobeNewswire Inc. • 07/11/2024 08:15:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/13/2024 08:59:50 PM
- DHT Holdings, Inc. announces the results of the 2024 Annual Meeting of Shareholders • GlobeNewswire Inc. • 06/13/2024 08:15:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/15/2024 08:49:54 PM
- DHT Holdings, Inc. First Quarter 2024 Results • GlobeNewswire Inc. • 05/14/2024 08:15:00 PM
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- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 05/07/2024 05:21:17 PM
- DHT Holdings, Inc. to announce first quarter 2024 results on Tuesday, May 14, 2024. • GlobeNewswire Inc. • 05/03/2024 10:54:32 AM
- DHT Holdings, Inc. today announced the publication of its 2023 Sustainability Report • GlobeNewswire Inc. • 04/23/2024 08:15:00 PM
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- DHT Holdings, Inc. has filed Form 20-F for 2023 with the US Securities and Exchange Commission • GlobeNewswire Inc. • 03/20/2024 09:15:07 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/11/2024 02:21:39 PM
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- Leading LNG, LPG, Crude & Product Tanker Shipping Companies Participating at Capital Link’s 18th Annual International Shipping Forum • GlobeNewswire Inc. • 02/13/2024 04:29:25 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/07/2024 09:37:55 PM
- DHT Holdings, Inc. Fourth Quarter 2023 Results • GlobeNewswire Inc. • 02/06/2024 09:15:00 PM
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- DHT Holdings, Inc. to announce fourth quarter 2023 results on Tuesday, February 6, 2024 • GlobeNewswire Inc. • 01/30/2024 08:48:57 AM
- DHT Holdings, Inc. Business Update • GlobeNewswire Inc. • 01/17/2024 09:15:00 PM
- DHT Holdings, Inc. Business Update • GlobeNewswire Inc. • 01/10/2024 09:15:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/06/2023 09:35:37 PM
- DHT Holdings, Inc. Third Quarter 2023 Results • GlobeNewswire Inc. • 11/06/2023 09:15:00 PM
- DHT Holdings, Inc. to announce third quarter 2023 results on Monday, November 7, 2023 • GlobeNewswire Inc. • 10/30/2023 07:29:27 AM
- DHT Holdings, Inc. Business Update • GlobeNewswire Inc. • 10/10/2023 08:15:00 PM
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