Aug. 10 at 2:45 AM
$DHT
We managed to secure around 102 revenue days at an average rate of
$253,880/day somewhere in the last couple of weeks. This is based on the difference between the business update from mid-July, where management reported 74% of Q3 revenue days (2049 days) had been booked at an average rate of
$94,300/day, and the Q2 earnings report from last week, where these figures had risen to 79% and
$104,400/day.
Now if we manage to book the entire remainder of the current quarter at such high rates, ordinary net income / dividend per share could beat that of Q2 and approach
$1.40. The floor of my estimate is
$1.00, which assumes an average rate of
$110,000/day for the remainder of the quarter. This should be easily achievable. But unless rates seriously take off from here, I think we'll land somewhere between
$1.10 and
$1.30.
