immagine del profilo
They have a negative cash flow of over 8 million euros to be able to pay these dividends.

In addition, they have already had to carry out a capital increase for the purchase of a new ship.
What will it be like when the other 7 ships arrive?

Then it seems that either no bank will want to finance the ships for the company or it will be easier to raise money from investors.

Personally, I would keep my hands off it.
2
immagine del profilo
@Staatsmann
You can also try a
$TNK
analyze.
immagine del profilo
@Tenbagger2024 Wasn't an analysis, just a quick look after 2 minutes of Google :)

I'll have a look at the share later.
1
immagine del profilo
@Tenbagger2024 The share has lost almost 50% of its value since 2007.
The latest earnings have shown that both sales and profits are declining.
USD 50 million less, which accounts for almost a third of total profit.
Sales fell by just under USD 75 million, i.e. just under 20%.

For me, this is a sign that the business model is not healthy.
1
immagine del profilo
But profits over the last few years have always been very cyclical here.
immagine del profilo
@Tenbagger2024 Cyclical, of course, but the maritime logistics business is doing quite well at the moment, apart from the problems with Huthi.

Nevertheless, 50% of the company's valuation has been wiped out in 17 years.
1
immagine del profilo
@Staatsmann
Nevertheless, the share has performed well
immagine del profilo
@Tenbagger2024 From a one-year perspective, yes, but from a long-term perspective, no. :)
immagine del profilo
@Staatsmann
Have only been in the depot for a year
immagine del profilo
@Tenbagger2024 Then it is clear that you are of this opinion. :)
I take a long-term view and if the thing has already lost half its value in 17 years, what will happen in 20 or 40 years?
immagine del profilo
1