Tag Archives: Golden Ocean
GOGL-US (BUY, TP 9.7) Update: Acquisitions & Dividends
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,...
GOGL-US: Acquires 16 vessels (SELL, TP USD 4.2 [4.0])
Golden Ocean today announced the acquisition of 16 dry bulk vessels for a consideration of USD 127m in shares and USD 285m in assumed debt. The acquisition and its funding structure is in our view a “no-brainer” as the shares were...
