Is anyone invested in the stock and / or knows more about the company? Here is my status:
It is a relatively small operator of bulk carriers (6 vessels) for the transportation of goods such as grain, coal, iron ore etc. The company is registered in Bermuda, the management are all Norwegians (mostly old hands who previously worked for various large and well-known shipping companies). 4 of the 6 ships were sold at a nice profit, the sale will be realized in Q1 2026. My question is: Are 2 ships sufficient for continued operations, or is this a sale/leaseback deal? Perhaps new ships will also be added - unfortunately I can't read much from the news.
In principle, I would find the stock interesting as an addition to my dividend portfolio. I already have tankers and ferries - but not yet bulk carriers. 😏
P/E ratio 13, dividend yield 10%, monthly distribution. ⚓️🚢
