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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.
  • EGLE: Calculation of NAV per share 0 comments
    May 10, 2009 2:55 PM | about stocks: EGLE

     

    EGLE fleet
     

    Ship type

     
     
    Name
     
    Year
     
     
    Market value
     
     
    Charter value
     
    Handymax
    Griffon
    1995
     
    13,8
     
    -0,2
    Handymax
    Kite
    1997
     
    15,3
     
    -0,1
    Handymax
    Sparrow
    2000
     
    17,6
     
    0,0
    Supramax
    Merlin
    2001
     
    25,0
     
    7,2
    Supramax
    Peregrine
    2001
     
    25,0
     
    -1,8
    Supramax
    Condor
    2001
     
    25,0
     
    3,5
    Supramax
    Falcon
    2001
     
    25,0
     
    9,9
    Supramax
    Harrier
    2001
     
    25,0
     
    0,9
    Supramax
    Hawk I
    2001
     
    25,0
     
    -0,1
    Supramax
    Heron
    2001
     
    25,0
     
    8,4
    Supramax
    Osprey I
    2002
     
    25,8
     
    3,0
    Supramax
    Kittiwake
    2002
     
    25,8
     
    5,0
    Supramax
    Goldeneye
    2002
     
    25,8
     
    2,8
    Supramax
    Tern
    2003
     
    26,6
     
    -1,8
    Supramax
    Shrike
    2003
     
    26,6
     
    4,7
    Supramax
    Skua
    2003
     
    26,6
     
    0,6
    Supramax
    Jaeger
    2004
     
    27,4
     
    -1,1
    Supramax
    Kestrel I
    2004
     
    27,4
     
    -0,8
    Supramax
    Cardinal
    2004
     
    27,4
     
    -0,4
    Supramax
    Redwing
    2007
     
    29,6
     
    5,4
    Supramax
    Woodstar
    2008
     
    30,4
     
    13,0
    Supramax
    Wren
    2008
     
    30,4
     
    17,3
    Supramax
    Crowned Eagle
    2008
     
    30,4
     
    0,4
    Supramax
    Stellar Eagle
    2009
     
    31,1
     
    -0,5
    Supramax
    Bittern
    2009
     
    31,0
     
    12,4
    Supramax
    Canary
    2009
     
    31,0
     
    12,3
    Supramax
    Thrasher
    2009
     
    30,9
     
    12,2
    Supramax
    Crane
    2009
     
    30,9
     
    12,2
    Supramax
    Avocet
    2009
     
    30,9
     
    12,1
    Supramax
    Egret
    2009
     
    30,9
     
    4,7
    Supramax
    Crested Eagle
    2009
     
    31,1
     
    -1,1
    Supramax
    Martin
    2010
     
    30,7
     
    9,4
    Supramax
    Thrush
    2010
     
    30,6
     
    0,0
    Supramax
    Golden Eagle
    2010
     
    30,8
     
    0,0
    Supramax
    Imperial Eagle
    2010
     
    30,8
     
    0,0
    Supramax
    Gannet
    2010
     
    30,8
     
    4,7
    Supramax
    Grebe
    2010
     
    30,8
     
    4,7
    Supramax
    Ibis
    2010
     
    30,7
     
    4,6
    Supramax
    Jay
    2010
     
    30,7
     
    11,5
    Supramax
    Kingfisher
    2010
     
    30,7
     
    12,1
    Supramax
    Nighthawk
    2011
     
    30,0
     
    8,6
    Supramax
    Oriole
    2011
     
    29,8
     
    8,2
    Supramax
    Owl
    2011
     
    29,8
     
    8,3
    Supramax
    Petrel
    2011
     
    29,8
     
    3,6
    Supramax
    Puffin
    2011
     
    29,6
     
    3,9
    Supramax
    Roadrunner
    2011
     
    29,6
     
    3,9
    Supramax
    Sandpiper
    2011
     
    29,6
     
    3,8
    Total
     
     
     
    1314,9
     
    227,4

     

     
    Calculation of net debt
     
    As of  03/31/2009, EGLE had:
     
    Current assets   &nbs...  $31 mln.
    Restricted cash     $12.8 mln.
     
    Current liabilities less fair value of time charters acquired of $16.7 mln:    $20.6 mln.
     
    Long-term debt:     $802.5 mln.
     
    Remaining payments for newbuildings:    $549 mln.
     
    Net debt:   802.... = 1328.3
    Shares outstanding:    47,031,300
     
    NAV per share = (1314.9+227.4-1328.3) / 47.03 = $4.55
     
     
    Stocks: EGLE
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