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Star Bulk Carriers Corp. (SBLK)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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19.06-0.73 (-3.69%)
At close: 04:00PM EDT
19.20 +0.14 (+0.73%)
After hours: 07:44PM EDT

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  • m
    mark
    Index Quote Change Change% Local
    Baltic Dry 1816.00 96.00 5.58% 09/23
    Baltic Capesize 2206.00 277.00 14.36% 09/23
    Baltic Panamax 1995.00 -3.00 -0.15% 09/23
    Baltic Supramax 1652.00 15.00 0.92% 09/23
    Baltic Handysize 966.00 14.00 1.47% 09/23
  • j
    jmc
    09/20/2022 Update
    Baltic Dry Index +11.33% to 1,729
    Capesize +31.28% to $16,540
    Panamax +1.77% to $16,870
    Supramax +1.91% to $17,382
  • j
    jmc
    09/21/2022 Update
    Baltic Dry Index +0.98% to 1,746
    Capesize +1.33% to $16,760
    Panamax -0.10% to $16,853
    Supramax +1.57% to $17,657
  • S
    SteveGbongo
    From Stifel research website

    Star Bulk Carriers Corp. (SBLK)
    Star Bulk is one of the largest dry bulk companies in the world, with exposure to nearly every major asset class. With our expectation that the dry bulk market is improving, dry bulk rates and asset values should move higher. Star Bulk has reasonable leverage and significant operating leverage due to its primarily fixed cost nature of operating the business. Importantly, as the largest public dry bulk company, the shares should have the best trading liquidity, which should offer the best in class valuation. In addition, as fuel demand increases, investments in scrubbers should help increase rate premiums captured by scrubber equipped vessels. Our recommendation to buy the shares is based on the expectation that rates will get to mid-cycle levels, but we believe those expectations could prove to be conservative in time.
  • D
    David
    Actually the BDI is up 96 to 1816, 5.58%...And shippers are tanking, not adding up....The y will bounce them, probably better than last bounce?
  • j
    jmc
    09/22/2022 Update
    Baltic Dry Index -1.49% to 1,720
    Capesize -4.53% to $16,000
    Panamax -1.22% to $16,647
    Supramax +1.99% to $18,008
  • S
    Stacy
    Some of you will undoubtedly already be aware of the following two items, but since I haven't heard any reference to either, I figured I'd cut & post 'em up. Both articles are on YF. The first I excerpted below, but the full original can be found here...

    https://finance.yahoo.com/news/reminder-leading-dry-bulk-container-130000864.html

    REMINDER - Leading Dry Bulk and Container Shipping Companies Presenting at Capital Link’s 14th Annual New York Maritime Forum September 21, 2022 in NYC

    NEW YORK, Sept. 15, 2022 (GLOBE NEWSWIRE) -- Senior executives from leading publicly listed Dry Bulk and Container shipping companies will discuss the trends, developments and outlook of the global commodities and shipping markets. The panels will take place at Capital Link’s 14th Annual New York Maritime Forum on Wednesday, September 21, 2022 at the Metropolitan Club in New York City.

    Featuring senior executives from 31 shipping and maritime companies, the Forum is organized in partnership with DNB and in cooperation with the New York Stock Exchange, NASDAQ, and The Port Authority of NY & NJ. The event is known for its large attendance by investors, shipowners and capital providers.

    The Forum features a series of panel discussions as well as 1x1 meetings between investors and executives from shipping companies.

    Registration is complimentary for institutional investors and shipping companies. To register please go to the link below:
    https://forums.capitallink.com/shipping/2022NYmaritime/agenda.html

    SHIPPING SECTOR PANELS
    The panels will discuss the latest trends, developments and outlook in the specific shipping sector focusing, among other, on demand and supply fundamentals, the global energy markets, operational and commercial issues, freight rates, asset values, and more.

    DRY BULK SECTOR PANEL
    8:15 - 8:55 am EST

    Moderator: Mr. Tate Sullivan, Managing Director, Senior Industrials Analyst, Maritime Research – Maxim Group

    Panelists:

    Mr. Gary Vogel, CEO - Eagle Bulk Shipping (NASDAQ:EGLE)

    Mr. John C. Wobensmith, President & CEO - Genco Shipping & Trading (NYSE:GNK)

    Dr. Loukas Barmparis, President - Safe Bulkers (NYSE:SB)

    ****Mr. Hamish Norton, President - Star Bulk Carriers (NASDAQ:SBLK)****

    Wondering if anyone is planning to participate / listen-in (if possible) &/or would be able to make a transcript, notes, impressions, etc. available???
  • j
    jmc
    Star Bulk posted a presentation to their website this morning. In it they highlight $370.3mm of cash as of September 9th, which is just after paying the recent dividend. The dividend policy calls for $268.8mm of cash on the balance sheet, with excess cash paid in dividends. That would imply roughly $100mm of excess cash at September 9th, or $1.00 per share.

    Two unknowns: 1) Has the company paid their debt amortization of ~$47mm per quarter yet (i.e. does that get paid at quarter end or all along the way during the quarter) and 2) Will the pace of cash generation match the pace thus far. Through Sept 9th, the company generated ~$1.4mm of cash per day (100/71 days).

    My base case scenario would have the debt getting paid along the way and that they earn the $1.4mm for the rest of the quarter, which would get us to ~$130mm of cash or a dividend of $1.25 per share.

    Best case scenario: IF the $47mm of debt is already paid and the $100mm excess cash is AFTER debt repayment, then they generated $147mm of cash thus far ($2.05mm per day). At $2.0mm per day during the rest of the quarter, that would get us to $142mm available for the dividend, or roughly $1.40.

    Personally, I am now targeting $1.25 for the 3Q dividend.

    https://www.starbulk.com/media/uploads_file/2022/09/15/p1gd06uduuga6vutu2p3p9s234.pdf
  • m
    mark
    Index Quote Change Change% Local
    Baltic Dry 1595.00 187.00 13.28% 09/14
    Baltic Capesize 1565.00 486.00 45.04% 09/14
    Baltic Panamax 2145.00 71.00 3.42% 09/14
    Baltic Supramax 1505.00 21.00 1.42% 09/14
    Baltic Handysize 893.00 9.00 1.02% 09/14
  • D
    David
    BDI is up 49.71% this month, and shippers have tanked....Doesn't add up....
  • R
    RICHARD
    Does anyone have a feeling for what the next dividend may be?
  • H
    Harry
    why are you posting on this site...SBLK is a solid company and at best a hold. The divvys will take care of themselves a
    nd am sure this stock will trend lower but I am a hold at this point.
  • j
    jmc
    09/15/2022 Update
    Baltic Dry Index +1.07% to 1,612
    Capesize +4.65% to $13,580
    Panamax -2.76% to $17,477
    Supramax +1.58% to $16,820
  • j
    jmc
    09/13/2022 Update
    Baltic Dry Index +12.10% to 1,408
    Capesize +42.78% to $8,952
    Panamax +8.54% to $17,330
    Supramax +0.78% to $16,325
  • s
    scott d
    Just watching season 2 of Build Back Better
  • j
    jmc
    09/12/2022 Update
    Baltic Dry Index +3.54% to 1,256
    Capesize +12.49% to $6,270
    Panamax +3.34% to $15,966
    Supramax -0.17% to $16,199
  • D
    Donald
    Why is sblk up significantly while most all other stocks are down dramatically? Anyone?
  • m
    martin
    $6.65/sh in div since Dec 8 2021.

    Had you bought shares immediately ahead of the Dec 8 first substantial div, you would have paid about $24/sh.

    If you held share to accrue all the 4 quarterly payouts, of $6.65/sh, you would be behind in your total investment if that were via a taxable account at 20% rate for qualified dividends.

    Which is rather a shame since the company itself has greatly improved its balance sheet since last year, making for a better quality investment today.
  • T
    TJ
    Taken from the GOGL board:

    "Huge amount of coal demand to Europe, our mine is completely sold out for coal sales for the next 6 months. Management has us working 6 days a week unfortunately."

    Coal futures near all time highs confirms this view.
  • F
    Ferg
    David: if you would like a diary of your trades, I recommend replying to your own thread. That way the rest of us don't have to wade through your trade history to find posts relevant to SBLK. You can still find your thread when you sort by "recently discussed".