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PSHG / Performance Shipping: Great Fundamentals Held Down By Shareholder Dilution

Performance Shipping: Great Fundamentals Held Down By Shareholder Dilution
Greece-based tanker operator has raised $37.7 million over the past 13 months from relentlessly diluting common shareholders well below net asset value ("NAV"). Like other tanker companies with a focus on the spot- and short-term time charter markets, Performance Shipping has benefited heavily from elevated charter rates caused by recent geopolitical events. Last week, the company reported highly profitable Q1/2023 results with $18.7 million in cash generated from operating activities as compared to $33.8 million for all of 2022. Read More
Posted: Jun 28 2023, 17:55
Author Name: Seeking Alpha
Views: 112149

PSHG News  

Performance Shipping: George Economou's Hostile Takeover Offer Unlikely To Succeed - Hold

By Seeking Alpha
October 12, 2023

Performance Shipping: George Economou's Hostile Takeover Offer Unlikely To Succeed - Hold

Greek shipping magnate George Economou increases his recent efforts to gain control of Performance Shipping. After commencing a proxy battle last mont more_horizontal

Performance Shipping: Great Fundamentals Held Down By Shareholder Dilution

By Seeking Alpha
June 28, 2023

Performance Shipping: Great Fundamentals Held Down By Shareholder Dilution

Greece-based tanker operator has raised $37.7 million over the past 13 months from relentlessly diluting common shareholders well below net asset valu more_horizontal

Performance Shipping Inc. Announces Date for Its 2023 Annual General Meeting of Shareholders

By GlobeNewsWire
January 13, 2023

Performance Shipping Inc. Announces Date for Its 2023 Annual General Meeting of Shareholders

ATHENS, Greece, Jan. 13, 2023 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company more_horizontal

Performance Shipping Inc. Announces Date for its 2022 Annual General Meeting of Shareholders and Proposed Changes to Board of Directors

By GlobeNewsWire
January 21, 2022

Performance Shipping Inc. Announces Date for its 2022 Annual General Meeting of Shareholders and Proposed Changes to Board of Directors

ATHENS, Greece, Jan. 21, 2022 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (the “Company”), a global shipping company specializin more_horizontal

Performance Shipping Inc. Announces Date for its 2022 Annual General Meeting of Shareholders and Proposed Changes to Board of Directors

By GlobeNewsWire
January 21, 2022

Performance Shipping Inc. Announces Date for its 2022 Annual General Meeting of Shareholders and Proposed Changes to Board of Directors

ATHENS, Greece, Jan. 21, 2022 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (the “Company”), a global shipping company specializin more_horizontal

Performance Shipping Inc. Announces Date for its 2022 Annual General Meeting of Shareholders and Proposed Changes to Board of Directors

By GlobeNewsWire
January 21, 2022

Performance Shipping Inc. Announces Date for its 2022 Annual General Meeting of Shareholders and Proposed Changes to Board of Directors

ATHENS, Greece, Jan. 21, 2022 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (the “Company”), a global shipping company specializin more_horizontal


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