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Stanislav Oleynikov, CFA is an investment professional from Russia with over 10 years experience in US markets.
  • SBLK: Calculation of NAV per share 0 comments
    May 10, 2009 03:03 PM | about stocks: SBLK

     

    SBLK fleet
     
    Ship
    type
    Name
     
    Year
     
    Market
    value
    Charter value
    Capesize
    Star Alpha
    1992
    37,2
    0,0
    Capesize
    Star Beta
    1993
    39,6
    3,7
    Capesize
    Star Sigma
    1991
    34,8
    41,5
    Capesize
    Star Ypsilon
    1991
    34,8
    60,5
    Supramax
    Star Gamma
    2002
    26,9
    26,4
    Supramax
    Star Delta
    2000
    25,2
    -1,0
    Supramax
    Star Epsilon
    2001
    26,0
    30,5
    Supramax
    Star Zeta
    2003
    27,7
    23,1
    Supramax
    Star Theta
    2003
    27,7
    0,0
    Supramax
    Star Kappa
    2001
    26,0
    22,8
    Supramax
    Star Omicron
    2005
    29,2
    22,8
    Supramax
    Star Cosmo
    2005
    29,2
    21,0
     
     
     
    364,2
    251,3
     
     
     Calculation of net debt
     
    As of 12/31/2008, SBLK had:
     
    Current assets ... $42.3 mln.
    Restricted cash   ... $12 mln.
     
    Current liabilities  ... $57.3 mln.
    Long-term debt  ...  $247.3 mln.
     
     
     
    Net debt:   ... 247.3+57.3-42.3-12 = 250.3
    Shares outstanding: ... 60,301,279
     
    NAV per share = (364.2+251.3-250.3)/60.3 = $6.06
     
     

     

    Stocks: SBLK
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