2020 Bulkers Ltd (OTCPK:TTBKF)

$ 11.47 0 (0%) Market Cap: 265.38 Mil Enterprise Value: 354.27 Mil PE Ratio: 3.05 PB Ratio: 1.84 GF Score: 59/100

Q3 2024 2020 Bulkers Ltd Earnings Call Transcript

Nov 13, 2024 / 02:00 PM GMT

Release Date Price: $13.1 (+3.15%)

Transcript

Key Points

Positve

2020 Bulkers Ltd (TTBKF) reported a net profit of $11.6 million for Q3 2024, indicating strong financial performance.
The company achieved time charter equivalent earnings of approximately $36,600 per day, significantly higher than the Baltic five TC index average of $24,900.
Declared total dividends of 57¢ per share for Q3 2024, representing an annualized yield of approximately 16%, showcasing strong shareholder returns.
The company's cash break-even rate is around $11,700 per day, providing a solid foundation for continued dividend distribution.
Positive market outlook for 2025 with expected growth in iron ore and bauxite trades, which are anticipated to drive further earnings.

Negative

Gross vessel operating expenses were $3.9 million, with an average operating expense per ship per day of approximately $7,000, which could impact profitability.
Net financial expenses were $0.7 million, including interest expenses of $1.1 million, which could affect net income.
The coal ton mile impact has been negative for the cape size segment, affecting overall market sentiment.
Panama sentiment is struggling, impacting cape size volumes and causing cargo splits.
Potential risks associated with forward-looking assumptions and market volatility, which could affect future performance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

20202.OL - 2020 Bulkers Ltd
Q3 2024 2020 Bulkers Ltd Earnings Call
Nov 13, 2024 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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At this time, I would like to welcome everyone to this 2020 volker earnings call for Q Freee 2024.

Today's call is being recorded. If you have any objections, please disconnect at this time. All participants will be on a listen-only mode throughout the present session and afterwards, there'll be a question and answer session.

I turn the call over to the Chairman Magnusen. You may now begin.

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Unidentified_2 [2]
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Thank you operator and welcome to the Q3 2024 conference call for 2020 Bulkers. I'm joined here today by our Chief Financial Officer

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