DCIX positive cash flow in Q3 from operations of about $400,000.
Take away the impairment charge and add back depreciation
and amortization. More importantly, Q4 will be very solid
with rates higher.
Next year focus will be on tanker rates as the company has
shifted (tanker rates look good currently and into next year).
Net asset value approximately $2 now.
CEO now owns 48% of the company.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
DCIX 3Q financials https://www.sec.gov/Archives/edgar/data/1481241/000091957419007477/d8418043_6-k.htm Reply: DCIX positive cash
Posted by cape_rover on 27th of Nov 2019 at 11:21 am
DCIX 3Q financials
https://www.sec.gov/Archives/edgar/data/1481241/000091957419007477/d8418043_6-k.htm
Reply:
DCIX positive cash flow in Q3 from operations of about $400,000. Take away the impairment charge and add back depreciation and amortization. More importantly, Q4 will be very solid with rates higher.
Next year focus will be on tanker rates as the company has shifted (tanker rates look good currently and into next year). Net asset value approximately $2 now.
CEO now owns 48% of the company.