Dampskibsselskabet Norden A/S
F:D69
If you don’t study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.
Utilize notes to systematically review your investment decisions. By reflecting on past outcomes, you can discern effective strategies and identify those that underperformed. This continuous feedback loop enables you to adapt and refine your approach, optimizing for future success.
Each note serves as a learning point, offering insights into your decision-making processes. Over time, you'll accumulate a personalized database of knowledge, enhancing your ability to make informed decisions quickly and effectively.
With a comprehensive record of your investment history at your fingertips, you can compare current opportunities against past experiences. This not only bolsters your confidence but also ensures that each decision is grounded in a well-documented rationale.
Do you really want to delete this note?
This action cannot be undone.
| 52 Week Range |
20
38.4
|
| Price Target |
|
We'll email you a reminder when the closing price reaches EUR.
Choose the stock you wish to monitor with a price alert.
This alert will be permanently deleted.
Dampskibsselskabet Norden A/S
D/S Norden A/S is an independent shipping company, which operates in dry cargo and product tankers worldwide. Its operations are divided into two business segments: Dry Cargo and Tankers. The Dry Cargo business segment operates Handymax and Panamax dry cargo vessels, as well as has activities in the Handysize, Post-Panamax and Capesize vessel types. The Tankers business segment operates Medium Range (MR) and Handysize product tankers. The firm has offices in Denmark, Singapore, China, India, the United States and Brazil, as well as offices at shipyards in Asia. The firm's subsidiaries are Norden Shipping singapore Pte Ltd, NORDEN Tankers & Bulkers USA Inc., NORDEN Tankers & Bulkers do Brazil Ltda. and Nortide Shipping III Ltd.
D/S Norden A/S is an independent shipping company, which operates in dry cargo and product tankers worldwide. Its operations are divided into two business segments: Dry Cargo and Tankers. The Dry Cargo business segment operates Handymax and Panamax dry cargo vessels, as well as has activities in the Handysize, Post-Panamax and Capesize vessel types. The Tankers business segment operates Medium Range (MR) and Handysize product tankers. The firm has offices in Denmark, Singapore, China, India, the United States and Brazil, as well as offices at shipyards in Asia. The firm's subsidiaries are Norden Shipping singapore Pte Ltd, NORDEN Tankers & Bulkers USA Inc., NORDEN Tankers & Bulkers do Brazil Ltda. and Nortide Shipping III Ltd.
Net Profit: NORDEN reported a Q3 net profit of $26 million, mainly driven by asset management and vessel sales.
Guidance Raised: Full-year profit guidance was increased to $100 million–$140 million, reflecting better operational performance and rising markets.
Asset Transactions: The company executed 45 asset transactions so far this year, actively optimizing its fleet.
NAV Growth: Net asset value rose 7% in the quarter to DKK 362 per share, supported by higher asset values.
Freight Business Mixed: Freight Services & Trading posted a $14 million loss, but smaller dry vessels and tankers were profitable; improvements are expected to continue.
Market Outlook: Management sees strong fundamentals in both dry cargo and tanker markets, helped by geopolitical uncertainties and sanctions.
Long Market Position: NORDEN is maintaining a long position in both dry cargo and tankers into 2026–2027, expecting to benefit from current market momentum.
