Q: Morning 5i,
I haven't been able to find DHT.UN results for its quarterly earnings which I think were released on May 6. Perhaps I just don't know where to look. In any event could you please provide your analysis of the results along with any general or specific commentary you might have about the name. I've done well by it and would like to continue holding unless something material has fundamentally changed, or looks like it might.
Thanks,
Peter
I haven't been able to find DHT.UN results for its quarterly earnings which I think were released on May 6. Perhaps I just don't know where to look. In any event could you please provide your analysis of the results along with any general or specific commentary you might have about the name. I've done well by it and would like to continue holding unless something material has fundamentally changed, or looks like it might.
Thanks,
Peter
5i Research Answer:
Here is a link to the results.
Revenue of $42.1M beat estimates of $37.6M. Net income of $26.26M was well ahead of estimates of $10.75M. $115M in capital was deployed. Net loss per unit was 11c. EBITDA margins rose 1 point to 87%. We like the strategy, the royalty portfolio and the positive momentum here. Valuation is quite decent as well.