Home About UsPublicationsForumsConsultingContact Us
Back to Earlier Search Results New Search Logout

Links

CMA Shipping 2011

Marine Money Forums

Marine Money Asia Week

Freshly Minted Newsletter

Marine Finance Dashboard

Evercore’s Chappell Weighs in on Collateral Benefit

Evercore’s Jonathan Chappell quickly weighed in on the possible valuation of the assets in the Diamond S acquisition which he pegged at $36 to $37 million apiece. 30 ships divides into the reported purchase price of $1.2 billion at $40 million. The difference between Mr Chappell’s $37 million and the $40 million is attributable to the value of the charters. This is, in Evercore’s view, good news for Scorpio Tankers. While it seems highly unlikely Diamond S’ Mr Stevenson bought the ships to help out his old OMI partner Robert Bugbee, CEO at Scorpio, the valuation did enable Evercore to increase their NAV estimate for Scorpio from $9.94 to $10.30 per STNG share.

This is only an excerpt of Evercore’s Chappell Weighs in on Collateral Benefit

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.

Existing Users Login

Username
Password
 


Related Archive Files


Written by: | Categories: Freshly Minted, The Week in Review | August 4th, 2011 |

Tags: · , , ,

Leave a Reply

You must be logged in to post a comment.

Copyright 2008. Marine Money. All Rights Reserved.