Global Ship Lease Inc Share Price (GSL.US)

One of those annoying things...you're convinced it's a good thing, invest a sensible amount but don't go crazy because you're in doubt because there appears to be little interest elsewhere...

On second thoughts, buybacks are often favoured by US investors in particular due to them being more tax efficient than divis as I recall, so that could be another way of returning surplus cash to shareholders. Still, I'm only speculating.

If they maintain anything close to their current revenue and profit margin they'll soon (in a couple of years?) have so much spare cash I think they will surely have no option than to start paying out healthy special divis or buy more ships. I doubt they will increase the core divi rate as anything above 7 or 8% is often seen as a red flag. An annual 10% special would be nice though!

Hi Bismark

I don't get it either, looked like a solid report with good earnings. There were no over-hyped projections. Yet down over 5%. Perhaps being an international company its reacted negatively to a slight change in dollar rates, but not exactly 5% drop worthy IMO.

Something to do with the dividend, but this due to be announced until next week..

I reckon I'll buy.

https://finance.yahoo.com/quote/GSL/news/

Results for the quarter towards the upper end of analysts forecasts but a 5% drop in SP, LOL! I guess I should admit that I don't understand the stock market!

"Global Ship Lease Inc GSL.N reported quarterly adjusted earnings of $2.45​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $2.33. The mean expectation of three analysts for the quarter was for earnings of $2.41 per share. Wall Street expected results to range from $2.26 to $2.49 per share.

Revenue fell 0.3% to $174.06 million from a year ago; analysts expected $174.31 million.

Global Ship Lease Inc's reported EPS for the quarter was $2.22​.

The company reported quarterly net income of $78.76 million.

Global Ship Lease Inc shares had fallen by 7.8% this quarter and gained 24.0% so far this year."

Rolls Royce on the other hand are up from 90p to £5.72 in 2 years, pay a 1% divi and have a P/E of 27! Benjamin Graham would be laughing if he could see that I think!