Is The Good News Priced In For Golden Ocean's Share Price? [Seeking Alpha]
Golden Ocean Group Limited (GOGL)
Last golden ocean group limited earnings: 5/22 02:10 am
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US:NASDAQ Investor Relations:
goldenocean.no
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Source: Seeking Alpha
The dividend yield on a TTM basis has not been very good, but the current share price suggests expectations for earnings and dividends to rise in 2024. The stock market participants may be too optimistic about the dry bulk market for 2024, leading to a downgrade in the bullish call from Buy to Hold. Stock87/iStock via Getty Images Investment Thesis We have been bullish on Golden Ocean Group Limited ( NASDAQ: GOGL ) since May 2022 when their ex-CEO stated that "the stars seem to be aligning". In hindsight, we were early in upgrading GOGL at that time since it is "only" up 18% since then. If you had the fortune, and the luck, to wait until our second Buy stance of the 8th of June last year, investors would now have a gain of 74% plus the return from the dividend. But timing the market is perfectly a fool's errand. GOGL has just published its last quarter and FY 2023 results, so it is a good time to revisit the thesis. FY 2023 Financial Results GOGL had a very good Q4
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News
- Golden Ocean Group (GOGL) Rises As Market Takes a Dip: Key Facts [Yahoo! Finance]Yahoo! Finance
- Golden Ocean Group Limited's (NASDAQ:GOGL) largest shareholders are private companies who were rewarded as market cap surged US$156m last week [Yahoo! Finance]Yahoo! Finance
- GOGL – 2024 AGM Results Notification [Yahoo! Finance]Yahoo! Finance
- GOGL – 2024 AGM Results NotificationGlobeNewswire
- Golden Ocean Group Stock: What A Strength - More To Come [Seeking Alpha]Seeking Alpha
GOGL
Earnings
- 2/28/24 - Beat
GOGL
Sec Filings
- 5/1/24 - Form 6-K
- 3/25/24 - Form 6-K
- 3/20/24 - Form 20-F
- GOGL's page on the SEC website