Am I the only filthy degenerate amongst you that is invested in ZIM? Phillip J Fry has it on his watch list, but not sure if he's dipped his toes.
For you divy loving bastids, 17 dollar a share dividend (not annual, but 17 per share in your pocket NEXT MONTH) to be paid out in early April if youre a shareholder as of Mar 23rd. Yes 17 is fn ridiculous, but its only based off their commitment to give 50% of 2021 earnings back to shareholders. The dip has been bought every time after a divy payout. So you can play it either way. Get the divy n hold, or swoop in like a hawk and buy the dip that coincides with the ex-div. Some people are aversed to the divy as it comes with a 25% Israeli tax. There's paperwork that can be filed to get that as a tax credit btw.
Anyhow, my plan is to hold my 300 shares for the divy. If it goes down for whatever macro reason (under $70) before ex-date I'm going to load up on more. If it drops hard after dividend paid out, i'll load up more as well. Only way I dont add on is if the price keeps moving up towards a hundred. At this rate its looking like fair value.
Supply chain issues and Oil price gauging both play in the shipping industries favor. The latter on account that the industry passes price off to customer and adjusts by shipping at a slower speed to conserve fuel. Voila, another log into the FCF fire.
Some raw numbers for you bean counter types...
Fourth Quarter and Full Year 2021 Highlights
Net income for the fourth quarter was $1.71 billion (compared to $366 million in the fourth quarter of 2020), a year-over-year increase of 366%, or $14.17 per diluted share3; net income for the full year was $4.65 billion (compared to $524 million for the full year of 2020), a year-over-year increase of 787%, or $39.02 per diluted share Adjusted EBITDA for the fourth quarter was $2.36 billion, a year-over-year increase of 345%; Adjusted EBITDA for the full year was $6.60 billion, a year-over-year increase of 537% Operating income (EBIT) for the fourth quarter was $2.12 billion, a year-over-year increase of 382%; operating income (EBIT) for the full year was $5.82 billion, a year-over-year increase of 706%. Reconciliation items between operating income and Adjusted EBIT in the fourth quarter and full year were minor Revenues for the fourth quarter were $3.47 billion, a year-over-year increase of 155%; revenues for the full year were $10.73 billion, a year-over-year increase of 169% Carried volume in the fourth quarter was 858 thousand TEUs, a year-over-year increase of 7%. Carried volume in the full year was 3,481 thousand TEUs, a year-over-year increase of 23%, significantly above industry average growth Average freight rate per TEU in fourth quarter was $3,630, a year-over-year increase of 139%. Average freight rate per TEU in the full year was $2,786, a year-over-year increase of 127% Net leverage4 ratio of 0.0x at December 31, 2021, compared to 1.2x at December 31, 2020; reached net cash4 position of $509 million Declared approximately $2.04 billion, or $17.00 per share dividend, representing 50% of 2021 net income on a cumulative basis (including interim quarterly dividend already distributed on account of Q3 2021 results). The dividend will be paid on April 4, 2022 to holders of ZIM ordinary shares as of March 23, 2022 During 2021 and subsequent to year end, entered into multiple charter agreements for a total of 36 newbuild vessels, of which 28 are LNG dual-fuel container vessels. The vessels are due to be delivered to ZIM throughout 2023 and 2024 Subsequent to year end, announced extension and modification of operational cooperation agreement with the 2M alliance partners
P.S This company has ZERO debt.
