Upcoming Dividend • Oct 14
Upcoming dividend of kr1.48 per share Eligible shareholders must have bought the stock before 21 October 2025. Payment date: 29 October 2025. Payout ratio is on the higher end at 100% but the company is not cash flow positive. Trailing yield: 163%. Within top quartile of British dividend payers (5.4%). Higher than average of industry peers (8.0%). 공시 • Oct 09
AMSC ASA Proposes Distribution of the Liquidation Dividend, Payable on or about 29 October 2025 AMSC ASA proposed the distribution of the liquidation dividend and subject To Approve the liquidation settlement by the Company's extraordinary general meeting to be held on 30 October 2025, the Company will have no remaining assets and will be finally liquidated. Dividend amount: NOK 1.481 per share. Ex-date: 21 October 2025. Record date: 22 October 2025. Payment date: on or about 29 October 2025. Date of approval: 8 October 2025. New Risk • May 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 33% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (33% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Paying a dividend despite having no free cash flows. High level of non-cash earnings (38% accrual ratio). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (kr105.1m market cap, or US$10.2m). New Risk • May 08
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr110.5m (US$10.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Paying a dividend despite having no free cash flows. High level of non-cash earnings (38% accrual ratio). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (kr110.5m market cap, or US$10.7m). 공시 • May 02
AMSC ASA Announces Stepping Down of Morten Bakke as Chief Financial Officer AMSC ASA announced on 24 April 2025, the annual general meeting of the company resolved that AMSC shall be liquidated. In connection with the ongoing liquidation process, the Chief Financial Officer (CFO) of AMSC, Morten Bakke, will be stepping down from the role as CFO as of 30 April 2025. Bakke will, however, remain available to support AMSC until the liquidation process is completed, which is expected during third quarter 2025. Board Change • May 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Independent Director Frank Reite was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • Apr 29
AMSC ASA to Report Q2, 2025 Results on Aug 27, 2025 AMSC ASA announced that they will report Q2, 2025 results on Aug 27, 2025 New Risk • Feb 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 401% High level of non-cash earnings (52% accrual ratio). Revenue is less than US$1m. Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to kr26.25, the stock trades at a trailing P/E ratio of 2.5x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 184% over the past three years. 공시 • Feb 14
AMSC ASA Announces Special Dividend AMSC ASA announced a special dividend of NOK 3.9255 per share to be classified as return of paid in capital. 공시 • Feb 12
AMSC ASA Announces Dividend, Payable on or About February 25, 2025 AMSC ASA announced that the dividend of NOK 3.9255 per share. Ex-date: 17 February 2025. Record date: 18 February 2025. Payment date: on or about 25 February 2025. Date of approval: 11 February 2025. 공시 • Dec 13
AMSC ASA, Annual General Meeting, Apr 24, 2025 AMSC ASA, Annual General Meeting, Apr 24, 2025. New Risk • Nov 07
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 48% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Paying a dividend despite having no free cash flows. Earnings are forecast to decline by an average of 145% per year for the foreseeable future. High level of non-cash earnings (48% accrual ratio). Revenue is less than US$1m. Declared Dividend • Nov 01
Dividend of kr0.60 announced Shareholders will receive a dividend of kr0.60. Ex-date: 5th November 2024 Payment date: 12th November 2024 Dividend yield will be 9.5%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is not covered by earnings (167% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 86% to bring the payout ratio under control. However, EPS is expected to decline by 133% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. 공시 • Oct 29
AMSC ASA Approves Cash Dividend, Payable on or about 12 November 2024 AMSC ASA approved payment of cash dividend of NOK 0.60 per share. Last day including right: 4 November 2024. Ex-date: 5 November 2024. Record date: 6 November 2024. Payment date: on or about 12 November 2024. Date of approval: 28 October 2024. 공시 • Jul 16
AMSC ASA Approves Cash Dividend, Payable on or About 30 July 2024 AMSC ASA approved payment of cash dividend of NOK 0.55 per share. Last day including right: 19 July 2024. Ex-date: 22 July 2024. Record date: 23 July 2024. Payment date: on or about 30 July 2024. Date of approval: 15 July 2024. Declared Dividend • May 21
Dividend of kr0.55 announced Shareholders will receive a dividend of kr0.55. Ex-date: 22nd May 2024 Payment date: 30th May 2024 Dividend yield will be 92%, which is higher than the industry average of 15%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not adequately covered by cash flows (93% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. 공시 • May 16
AMSC ASA Approves Cash Dividend, Payable on or About 30 May 2024 AMSC ASA approved the cash dividend of NOK 0.55 per share. Ex-date is on 22 May 2024 with Record date on 23 May 2024. Payment date is on or about 30 May 2024. Date of approval is on 15 May 2024. Buy Or Sell Opportunity • Apr 19
Now 20% undervalued Over the last 90 days, the stock has risen 1.9% to kr28.90. The fair value is estimated to be kr36.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Meanwhile, the company became loss making. 공시 • Feb 29
AMSC ASA Approves Dividend for the Fourth Quarter of 2023, Payable on or About March 15, 2024 On 20th November, an Extraordinary General Meeting in AMSC ASA approved third quarter and fourth quarter 2023 dividends of USD 0.05 per share for each quarter. Fourth quarter dividend is expected to be paid on or about March 15, 2024. Dividends will be classified as return of paid in capital. The shareholders on record as of 7 March 2024. The shares in AMSC will be traded ex-dividend from and including 6 March 2024. Upcoming Dividend • Feb 28
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 06 March 2024. Payment date: 15 March 2024. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 13%. Within top quartile of British dividend payers (6.3%). Lower than average of industry peers (16%). 공시 • Nov 29
AMSC ASA Approves Dividend Payment, Payable on or About 7 December 2023 AMSC ASA's EGM approval on 20 November, regarding the payment of a quarterly dividend of USD 0.05 per share to the shareholders of AMSC on record as of 29 November 2023. The shares in AMSC ASA will be traded ex dividend USD 0.05 as from 28 November 2023. The NOK amount per share will be 0.5362 and will be paid on or about 7 December 2023. The dividend is classified as a return of paid in capital. Reported Earnings • Nov 23
Third quarter 2023 earnings released: EPS: US$0.011 (vs US$0.083 in 3Q 2022) Third quarter 2023 results: EPS: US$0.011 (down from US$0.083 in 3Q 2022). Revenue: US$7.60m (down 66% from 3Q 2022). Net income: US$800.0k (down 84% from 3Q 2022). Profit margin: 11% (down from 23% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 57% p.a. on average during the next 3 years compared to a 2.5% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 21
Upcoming dividend of US$0.05 per share at 19% yield Eligible shareholders must have bought the stock before 28 November 2023. Payment date: 07 December 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 19%. Within top quartile of British dividend payers (6.2%). In line with average of industry peers (21%). New Risk • Oct 26
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 47% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Share price has been highly volatile over the past 3 months (16% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 241% Paying a dividend despite having no free cash flows. Earnings are forecast to decline by an average of 47% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (12% net profit margin). New Risk • Oct 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Share price has been highly volatile over the past 3 months (16% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 241% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (12% net profit margin). Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment deteriorates as stock falls 49% After last week's 49% share price decline to kr22.90, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 164% over the past three years. 공시 • Oct 20
AMSC ASA Approves Additional Dividend Following Completion of the Sale of the Jones Act Business, Payable on or about 1 November 2023 AMSC ASA announced the reference to the announcements made earlier on October 19, 2023 regarding the completion of the sale of the Jones Act business. The board of directors of the company has on October 19, 2023 resolved, in accordance with the authorization from the AGM on 25 April 2023, to distribute a USD 170 million additional dividend as further described below. Dividend amount: USD 2.366 per share; Declared currency: USD; Dividends to be paid: NOK 26.19 per share; Last day including right: 23 October 2023; Ex-date: 24 October 2023; Record date: 25 October 2023; and Payment date: On or about 1 November 2023. The additional dividend will be classified as a regular dividend. 공시 • Aug 23
AMSC ASA Announces Cash Dividend, Payable on or About 7 September 2023 AMSC ASA announced cash dividend of USD 0.12 per share. Ex-date: 29 August 2023. Record date: 30 August 2023. Payment date: on or about 7 September 2023. Date of approval: 22 August 2023. Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: US$0.056 (vs US$0.054 in 2Q 2022) Second quarter 2023 results: EPS: US$0.056 (up from US$0.054 in 2Q 2022). Revenue: US$30.9m (up 41% from 2Q 2022). Net income: US$4.00m (up 21% from 2Q 2022). Profit margin: 13% (down from 15% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 6.2% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 25
First quarter 2023 earnings released: EPS: US$0.046 (vs US$0.14 in 1Q 2022) First quarter 2023 results: EPS: US$0.046 (down from US$0.14 in 1Q 2022). Revenue: US$30.3m (up 40% from 1Q 2022). Net income: US$3.30m (down 63% from 1Q 2022). Profit margin: 11% (down from 41% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 18% per year. 공시 • May 24
AMSC ASA Announces Cash Dividend AMSC ASA announced cash dividend of USD 0.12 per share. Ex-date is 30 May 2023. Record date is 31 May 2023. Payment date is on or about 8 June 2023. Date of approval is 23 May 2023. Reported Earnings • Apr 09
Full year 2022 earnings released: EPS: US$0.29 (vs US$0.22 in FY 2021) Full year 2022 results: EPS: US$0.29 (up from US$0.22 in FY 2021). Revenue: US$93.7m (up 6.2% from FY 2021). Net income: US$18.7m (up 39% from FY 2021). Profit margin: 20% (up from 15% in FY 2021). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 11% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: US$0.29 (vs US$0.22 in FY 2021) Full year 2022 results: EPS: US$0.29 (up from US$0.22 in FY 2021). Revenue: US$93.7m (up 6.2% from FY 2021). Net income: US$18.7m (up 40% from FY 2021). Profit margin: 20% (up from 15% in FY 2021). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 10% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 23
Third quarter 2022 earnings released: EPS: US$0.083 (vs US$0.058 in 3Q 2021) Third quarter 2022 results: EPS: US$0.083 (up from US$0.058 in 3Q 2021). Revenue: US$22.3m (flat on 3Q 2021). Net income: US$5.10m (up 46% from 3Q 2021). Profit margin: 23% (up from 16% in 3Q 2021). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Frank Reite was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 17% share price gain to kr44.30, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 74% over the past three years. Reported Earnings • Aug 23
Second quarter 2022 earnings released: EPS: US$0.054 (vs US$0.059 in 2Q 2021) Second quarter 2022 results: EPS: US$0.054 (down from US$0.059 in 2Q 2021). Revenue: US$22.0m (flat on 2Q 2021). Net income: US$3.30m (down 8.3% from 2Q 2021). Profit margin: 15% (down from 16% in 2Q 2021). Over the next year, revenue is forecast to grow 14% while the Shipping industry in the United Kingdom is not expected to grow. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 16% share price gain to kr38.90, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 130% over the past three years. Reported Earnings • May 20
First quarter 2022 earnings released: EPS: US$0.14 (vs US$0.064 in 1Q 2021) First quarter 2022 results: EPS: US$0.14 (up from US$0.064 in 1Q 2021). Revenue: US$21.7m (flat on 1Q 2021). Net income: US$8.80m (up 126% from 1Q 2021). Profit margin: 41% (up from 18% in 1Q 2021). Over the next year, revenue is forecast to stay flat compared to a 5.3% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Frank Reite was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 05
Full year 2021 earnings released: EPS: US$0.22 (vs US$0.30 in FY 2020) Full year 2021 results: EPS: US$0.22 (down from US$0.30 in FY 2020). Revenue: US$88.2m (flat on FY 2020). Net income: US$13.4m (down 26% from FY 2020). Profit margin: 15% (down from 21% in FY 2020). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Feb 26
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$0.22 (down from US$0.30 in FY 2020). Revenue: US$88.2m (flat on FY 2020). Net income: US$13.4m (down 26% from FY 2020). Profit margin: 15% (down from 21% in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 27% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 20
Third quarter 2021 earnings released: EPS US$0.058 (vs US$0.074 loss in 3Q 2020) The company reported a solid third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: US$22.3m (flat on 3Q 2020). Net income: US$3.50m (up US$8.00m from 3Q 2020). Profit margin: 16% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Sep 29
CEO & President recently bought kr641k worth of stock On the 27th of September, Pål Magnussen bought around 25k shares on-market at roughly kr25.64 per share. This was the largest purchase by an insider in the last 3 months. This was Pål's only on-market trade for the last 12 months. Board Change • Sep 14
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. No independent directors (3 non-independent directors). Director Kristian Rokke was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Aug 21
Second quarter 2021 earnings released: EPS US$0.059 (vs US$0.018 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: US$21.9m (flat on 2Q 2020). Net income: US$3.60m (up 227% from 2Q 2020). Profit margin: 16% (up from 5.0% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 21
First quarter 2021 earnings released: EPS US$0.064 (vs US$0.026 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: US$21.7m (flat on 1Q 2020). Net income: US$3.90m (up 144% from 1Q 2020). Profit margin: 18% (up from 7.3% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Mar 19
Full year 2020 earnings released: EPS US$0.30 (vs US$0.14 in FY 2019) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: US$88.2m (flat on FY 2019). Net income: US$18.2m (up 119% from FY 2019). Profit margin: 21% (up from 9.5% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 14
Revenue misses expectations Revenue missed analyst estimates by 0.05%. Over the next year, revenue is forecast to stay flat compared to a 6.9% growth forecast for the Shipping industry in the United Kingdom. Reported Earnings • Feb 13
Full year 2020 earnings released: EPS US$0.30 (vs US$0.14 in FY 2019) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: US$88.2m (flat on FY 2019). Net income: US$18.1m (up 118% from FY 2019). Profit margin: 21% (up from 9.5% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Nov 21
Revenue beats expectations Revenue exceeded analyst estimates by 0.9%. Over the next year, revenue is forecast to stay flat compared to a 6.6% growth forecast for the Shipping industry in the United Kingdom. Reported Earnings • Nov 21
Third quarter 2020 earnings released: US$0.074 loss per share The company reported a poor third quarter result with weaker earnings and control over expenses, although revenues were flat. Third quarter 2020 results: Revenue: US$22.2m (flat on 3Q 2019). Net loss: US$4.50m (down 255% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.