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    SHIP   GG00BDFC1649

TUFTON OCEANIC ASSETS LIMITED

(SHIP)
  Report
Delayed Quote. Delayed London Stock Exchange - 11/26 11:35:23 am
1.39 USD   --.--%
11/04FTSE 100 Closes Up After BoE Keeps Rate Hike on Hold
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11/04FTSE Rises, Housebuilders Rally After BOE Holds Rates
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10/21TUFTON OCEANIC ASSETS : 3Q21 Factsheet
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Tufton Oceanic Assets Limited Agrees to Acquire Two Handysize Bulkers for a Total Consideration of $41.2 Million

09/30/2021 | 02:00am EST

The Board of Tufton Oceanic Assets Limited announced that the Company has agreed to acquire two Handysize Bulkers for a total consideration of $41.2 million. The vessels are being acquired at below depreciated replacement cost ("DRC") and are fuel efficient versus their peer group. The vessels have fixed rate time charters for approximately one year producing an annual net yield (after fees and capex accrual) of 25%. They will be drydocked upon completion of these charters, and will then be fitted with energy saving devices ("ESDs"). As announced in July, The company expects fuel efficiency to increase by approximately 10% and the ESDs to produce net IRRs of over 15%. ESDs will increasingly be fitted on the Company's vessels in 2022. The vessels are being acquired with the proceeds of the sale of the Containership Citra announced in late July and cash on hand. Following these acquisitions, the Company is fully invested. These transactions, together with the divestments announced in May and July, demonstrate the Company's commitment to ESG and capital re-allocation. The latter is increasingly relevant given absolute and relative movements across and within the main shipping markets since third quarter 2020.


ę S&P Capital IQ 2021
All news about TUFTON OCEANIC ASSETS LIMITED
11/04FTSE 100 Closes Up After BoE Keeps Rate Hike on Hold
DJ
11/04FTSE Rises, Housebuilders Rally After BOE Holds Rates
DJ
10/21TUFTON OCEANIC ASSETS : 3Q21 Factsheet
PU
09/30Tufton Oceanic Assets Limited Agrees to Acquire Two Handysize Bulkers for a Total Consi..
CI
09/08Tufton Oceanic Assets Limited Reports Earnings Results for the Full Year Ended June 30,..
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07/30TUFTON OCEANIC ASSETS : Launches $12.4 Million Share Tap Issue
MT
07/28Tufton Oceanic Assets Limited Agrees to Acquire an Ultramax Bulker, Idaho
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07/22TUFTON OCEANIC ASSETS : 2Q21 Factsheet
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05/25Tufton Oceanic Assets Limited Acquires A Chemical Tanker and A Handysize Bulk Carrier
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04/22TUFTON OCEANIC ASSETS : 1Q21 Factsheet
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More news
Financials (USD)
Sales 2021 82,5 M - -
Net income 2021 79,5 M - -
Net cash 2021 0,03 M - -
P/E ratio 2021 3,75x
Yield 2021 6,41%
Capitalization 429 M 429 M -
EV / Sales 2020 161x
EV / Sales 2021 3,76x
Nbr of Employees -
Free-Float 100,0%
Chart TUFTON OCEANIC ASSETS LIMITED
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Tufton Oceanic Assets Limited Technical Analysis Chart | SHIP | GG00BDFC1649 | MarketScreener
Technical analysis trends TUFTON OCEANIC ASSETS LIMITED
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 1,39 
Average target price
Spread / Average Target -
Managers and Directors
Robert Paul King Chairman
Stephen Le Page Independent Non-Executive Director
Paul Barnes Non-Executive Director
Christine R°dsŠther Non-Executive Director