Saturday, May 16, 2009

Dockwise Q1

Dockwise(OSE:DOCK), the Bermudan oceanborne transporter of things that are heavy reports Q1



Revenue $127.2 million (+22.3%)
EBITDA 66.1 million (+47.5%)
Net cash generated from operating activities 26,64 million (+25.6%)
Net profit $27.3 million (+268.9%)
EPS $0.12

Balance sheet
Assets
Current $161,35 million
Total $1,759.89 million

Liabilities
Current $175,68 million
Total $1,163,89 million

Equity $596.00 million

P/B 0.45

Current contract backlog $407 million (+54% y-o-y)

Presentation(.pdf)


I: A very interesting company, but at the moment a very highly leveraged one as the assets include $600 million worth of intangibles.

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