Value Investor's Edge Live #19: Post-Earnings Discussion With Ardmore Shipping CEO Anthony Gurnee And CFO Paul Tivnan
37 minutes Posted May 14, 2020 at 8:00 am.
minute mark What’s the underlying trade in the product tanker markets?
Thoughts on broker rates versus actual ‘market levels?’
Difference in voyages in progress versus completed QTD?
Thoughts on chemical side of the business, rates coming in lower?
Shift in dividend policy, shift to deleveraging?
Is Ardmore aligned? Can we trust you not to blow money on ships?
At what point do you have to repurchase shares?
Repurchases versus secondhand vessel acquisitions.
Review of normalized ROA and ROE?
Review of normal average MR product market?
How do you communicate a ‘normalized value’?
Visibility and thoughts on product floating storage volumes?
Indications from customers/markets regarding terminal capacity?
Parting thoughts for investors in Ardmore or product tankers?
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Show notes
J Mintzmyer speaks with Ardmore Shipping management about Q1 and the fast-moving product tanker section.Topics Covered
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