GOGL-US (BUY, TP 9.7) Update: Acquisitions & Dividends

Posted on October 17, 2017 by admin

Golden Ocean has closed a 11.7m share issuance at USD 8.5/sh to finance the acquisition of two modern Capesizes from Hemen and to raise gross USD 66m in cash. After this latest equity issuance and given the improved market fundamentals,…

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