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Stanislav Oleynikov
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Stanislav Oleynikov, CFA is an investment professional from Russia with over 10 years experience in US markets.
  • DSX: Calculation of NAV per share 0 comments
    May 10, 2009 2:51 PM | about stocks: DSX

     

    DSX fleet
     

    Ship type
     
    Name
    Year
     
    Market value
     
    Charter value
    Capesize
    Sideris
    2006
     
    61,6
     
    3,6
    Capesize
    Aliki
    2005
     
    60,1
     
    13,5
    Capesize
    Semirio
    2007
     
    63,2
     
    6,6
    Capesize
    Salt Lake City
    2005
     
    60,1
     
    30,8
    Capesize
    Norfolk
    2002
     
    55,3
     
    56,1
    Capesize
    Boston
    2007
     
    63,2
     
    22,8
    Capesize
    Hull H1107
    2010
     
    63,0
     
    27,8
    Capesize
    Hull H1138
    2009
     
    64,1
     
    42,0
    Panamax
    Nirefs
    2001
     
    27,5
     
    15,1
    Panamax
    Alcyon
    2001
     
    27,5
     
    23,1
    Panamax
    Triton
    2001
     
    27,5
     
    2,2
    Panamax
    Oceanis
    2001
     
    27,5
     
    3,1
    Panamax
    Dione
    2001
     
    27,5
     
    -1,0
    Panamax
    Danae
    2001
     
    27,5
     
    -1,6
    Panamax
    Protefs
    2004
     
    30,5
     
    36,6
    Panamax
    Calipso
    2005
     
    31,5
     
    -1,6
    Panamax
    Clio
    2005
     
    31,5
     
    -1,1
    Panamax
    Thetis
    2004
     
    30,5
     
    -1,2
    Panamax
    Naias
    2006
     
    32,5
     
    3,0
    Panamax
    Erato
    2004
     
    30,5
     
    0,3
    Panamax
    Coronis
    2006
     
    32,5
     
    0,0
     
     
     
     
    875,2
     
    280,0

     
     
    Calculation of net debt
     
    As of 03/31/2009, DSX had:
     
    Current assets  ... $111 mln.
     
    Current liabilities  ... $43 mln.
    Long-term debt   ... $214 mln.
     
    Remaining payments for newbuildings $96 mln.
     
    Payment under the agreement to exchange newbuildings ... $15 mln.
     
    Net debt:    214+43+96+15-111 = 257
    Shares outstanding: 75,428,366
     
    NAV per share = (875.2+280-257)/75.4 = $11.91
     
     
    Stocks: DSX
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