GSL-PB - Global Ship Lease, Inc.

NYSE - NYSE Delayed price. Currency in USD
20.98
+0.28 (+1.35%)
At close: 3:27PM EDT
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Previous close20.70
Open20.72
Bid20.66 x 800
Ask21.50 x 2200
Day's range20.70 - 20.98
52-week range10.08 - 25.92
Volume8,307
Avg. volume10,256
Market cap70.158M
Beta (5Y monthly)1.64
PE ratio (TTM)43.62
EPS (TTM)0.48
Earnings dateN/A
Forward dividend & yield2.19 (10.58%)
Ex-dividend date24 Mar 2020
1y target estN/A
  • Global Ship Lease (GSL) Q1 Earnings Top Estimates
    Zacks

    Global Ship Lease (GSL) Q1 Earnings Top Estimates

    Global Ship Lease (GSL) delivered earnings and revenue surprises of 41.46% and -0.23%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Analysts Estimate Global Ship Lease (GSL) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate Global Ship Lease (GSL) to Report a Decline in Earnings: What to Look Out for

    Global Ship Lease (GSL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Globe Newswire

    Global Ship Lease Announces First Quarter 2020 Earnings Release, Conference Call and Webcast

    LONDON, April 29, 2020 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL), a containership charter owner, announced today that it will hold a conference call to discuss the Company’s results for the first quarter 2020 on Tuesday, May 12, 2020 at 10:30 a.m. Eastern Time. The Company will issue financial results for the first quarter ended March 31, 2020 on Tuesday, May 12, 2020 before the open of market trading. What:First Quarter 2020 Conference Call and Webcast    When:Tuesday, May 12, 2020 at 10:30 a.m. Eastern Time    Where:There are two ways to access the conference call:     Dial-in: (877) 445-2556 or (908) 982-4670; Passcode: 9988266 Please dial in at least 10 minutes prior to 10:30 a.m. Eastern Time to ensure a prompt start to the call.     Live Internet webcast and slide presentation: http://www.globalshiplease.com If you are unable to participate at this time, a replay of the call will be available through Saturday, May 28, 2020 at (855) 859-2056 or (404) 537-3406. Enter the code 9988266 to access the audio replay. The webcast will also be archived on the Company’s website: http://www.globalshiplease.comAbout Global Ship LeaseGlobal Ship Lease is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships. Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under fixed-rate charters to top tier container liner companies.Global Ship Lease owns 45 ships, ranging from 2,207 to 11,040 TEU, of which nine are fuel-efficient new-design wide-beam, with a total capacity of 248,968 TEU and an average age, weighted by TEU capacity, of 13.1 years as at March 31, 2020.Adjusted to include all charters agreed up to April 28, 2020, the average remaining term of the Company’s charters at March 31, 2020, to the mid-point of redelivery, including options under the Company’s control, was 2.3 years on a TEU-weighted basis. Contracted revenue on the same basis was $695 million. Contracted revenue was $777 million, including options under charterers’ control and with latest redelivery date, representing a weighted average remaining term of 2.6 years.Investor and Media Contact: The IGB Group Bryan Degnan 646-673-9701 or Leon Berman 212-477-8438

  • What Kind Of Share Price Volatility Should You Expect For Global Ship Lease, Inc. (NYSE:GSL)?
    Simply Wall St.

    What Kind Of Share Price Volatility Should You Expect For Global Ship Lease, Inc. (NYSE:GSL)?

    Anyone researching Global Ship Lease, Inc. (NYSE:GSL) might want to consider the historical volatility of the share...

  • Globe Newswire

    Global Ship Lease, Inc. Files its Annual Report on Form 20-F

    LONDON, April 03, 2020 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the "Company") has filed its Annual Report on Form 20-F for the year ended December 31, 2019 (the "Form 20-F") with the U.S. Securities and Exchange Commission (the "SEC"). In compliance with the New York Stock Exchange rules, a copy of the Form 20-F can be found under the Investor Relations section (Annual Reports) of the Company's website at http://www.globalshiplease.com. Shareholders may request a hard copy of the audited financial statements free of charge by contacting the Company at info@globalshiplease.com or by writing to Global Ship Lease, Inc., care of Global Ship Lease Services Limited, 25 Wilton Road, London SW1V 1LW, United Kingdom or by telephoning The IGB Group at +1-646-673-9701.About Global Ship LeaseGlobal Ship Lease is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships. Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under fixed-rate charters to top tier container liner companies. On November 15, 2018, it completed a strategic combination with Poseidon Containers.Including the two Post-Panamax containerships delivered in early 2020, Global Ship Lease owns 45 ships, ranging from 2,207 to 11,040 TEU, of which nine are fuel efficient new-design wide beam, with a total capacity of 249,160 TEU and an average age, weighted by TEU capacity, of 12.8 years as at December 31, 2019.Adjusted to include all charters agreed up to February 28, 2020, the average remaining term of the Company’s charters at December 31, 2019, to the mid-point of redelivery, including options under the Company’s control, was 2.5 years on a TEU-weighted basis. Contracted revenue on the same basis was $767 million. Contracted revenue was $852 million, including options under charterers’ control and with latest redelivery date, representing a weighted average remaining term of 2.8 years.Investor and Media Contacts: The IGB Group Bryan Degnan 646-673-9701 or Leon Berman 212-477-8438

  • Global Ship Lease, Inc. Just Missed EPS By 5.1%: Here's What Analysts Think Will Happen Next
    Simply Wall St.

    Global Ship Lease, Inc. Just Missed EPS By 5.1%: Here's What Analysts Think Will Happen Next

    It's been a sad week for Global Ship Lease, Inc. (NYSE:GSL), who've watched their investment drop 12% to US$5.18 in...

  • Investors Who Bought Global Ship Lease (NYSE:GSL) Shares Five Years Ago Are Now Down 79%
    Simply Wall St.

    Investors Who Bought Global Ship Lease (NYSE:GSL) Shares Five Years Ago Are Now Down 79%

    Some stocks are best avoided. We really hate to see fellow investors lose their hard-earned money. Imagine if you held...

  • Do Directors Own Global Ship Lease, Inc. (NYSE:GSL) Shares?
    Simply Wall St.

    Do Directors Own Global Ship Lease, Inc. (NYSE:GSL) Shares?

    A look at the shareholders of Global Ship Lease, Inc. (NYSE:GSL) can tell us which group is most powerful...

  • Globe Newswire

    Global Ship Lease, Inc. Announces Upsizing and Pricing of Public Offering of Class A Common Shares

    LONDON, Sept. 26, 2019 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (“Global Ship Lease” or the “Company”) announced today that it has upsized and priced its previously announced fully underwritten public offering (the “Offering”) of $40.0 million Class A common shares, par value $0.01 per share (“Common Shares”).  The Company has agreed to sell 6,620,686 Class A common shares, at $7.25 per share, for gross proceeds to the Company of approximately $48.0 million.  The Company also granted the underwriter a 30-day option to purchase up to an additional 993,102 Common Shares at the public offering price. As part of the offering, the Company’s executive management has agreed to purchase 168,965 Common Shares at the public offering price, representing an aggregate purchase price of approximately $1.225 million.The Offering is expected to close on October 1, 2019, subject to customary closing conditions. The Company intends to use the net proceeds of the offering for general corporate purposes, including the acquisition of containerships or the prepayment of debt.B. Riley FBR, Inc. is acting as the sole book-running manager in the offering, and B. Riley Financial, Inc. and its affiliate (NASDAQ:RILY) (“B. Riley”) have agreed to purchase and retain approximately $15.0 million of Common Shares in connection with this offering. The Company has agreed to grant B. Riley the right to appoint one member to the Company’s Board of Directors, subject to certain conditions, including retaining a certain percentage of voting rights of the Company.The Company’s Common Shares trade on the New York Stock Exchange under the symbol “GSL.”This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. A registration statement relating to these securities was filed with the Securities and Exchange Commission (the “Commission”) and is effective. The offering may be made only by means of a prospectus. A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, may be obtained from the offices of B. Riley FBR, Inc. at 1300 North 17th Street, Suite 1400, Arlington, VA 22209, by calling (703) 312-9580 or by emailing prospectuses@brileyfbr.com.About Global Ship Lease, Inc. Global Ship Lease is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships. Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under fixed-rate charters to top tier container liner companies. On November 15, 2018, it completed a strategic combination with Poseidon Containers.Global Ship Lease owns 40 ships and has contracted to purchase a further ship, ranging from 2,207 to 11,040 TEU, of which nine are fuel efficient new-design wide beam, with a total capacity of 224,162 TEU and an average age, weighted by TEU capacity, of 11.9 years as at June 30, 2019.The average remaining term of the Company’s charters at June 30, 2019, including subsequent new charters, options to extend which are under the Company’s control, and assuming the mid-point of the redelivery period, was 2.9 years on a TEU-weighted basis. Contracted future revenue on this basis was $835.4 million. Contracted future revenue was $916.4 million, including options to extend which are under charterers’ control and assuming the latest redelivery date, over a TEU-weighted average remaining term of 3.3 years.Forward-Looking Statements This press release contains forward-looking statements. Forward-looking statements provide the Company’s current expectations or forecasts of future events. Forward-looking statements include statements about the Company’s expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. Words or phrases such as “anticipate,” “believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “will” or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. These forward-looking statements are based on assumptions that may be incorrect, and the Company cannot assure you that the events or expectations included in these forward-looking statements will come to pass. Actual results could differ materially from those expressed or implied by the forward-looking statements as a result of various factors, including the factors described in “Risk Factors” in the Company’s Annual Report on Form 20-F and the factors and risks the Company describes in subsequent reports filed from time to time with the U.S. Securities and Exchange Commission. Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this press release or to reflect the occurrence of unanticipated events.Investor and Media Contact: The IGB Group Bryan Degnan 646-673-9701orLeon Berman 212-477-8438

  • Globe Newswire

    Global Ship Lease, Inc. Announces Underwritten Public Offering of $40 Million Class A Common Shares

    LONDON, Sept. 24, 2019 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (“Global Ship Lease” or the “Company”) today announced that it has commenced a $40.0 million fully underwritten public offering of its Class A common shares, par value $0.01 per share (‘Common Shares”). The Company also intends to grant the underwriters a 30-day option to purchase up to an additional $6.0 million of Common Shares. As part of the offering, the Company’s executive management has expressed an interest to purchase $1.225 million in aggregate of Common Shares at the public offering price. The Company intends to use net proceeds of the offering for general corporate purposes, including the acquisition of containerships or prepayment of debt.B. Riley FBR, Inc. is acting as the sole book-running manager in the offering, and we expect that a portion of the equity offering will be sold to an affiliate of B. Riley Financial, Inc. (NASDAQ:RILY) (“B. Riley”). Following the consummation of the offering, B. Riley and its affiliates intend to retain Common Shares with an aggregate purchase amount of no less than $15.0 million. The Company has agreed to grant B. Riley the right to appoint one member to the Company’s Board of Directors, subject to certain conditions, including retaining a certain percentage of voting rights of the Company.The Company’s Common Shares trade on the New York Stock Exchange under the symbol “GSL.”This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. A registration statement relating to these securities, including a preliminary prospectus, has been filed with the Securities and Exchange Commission (the “Commission”) but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. A copy of the preliminary prospectus and final prospectus related to the Offering, when filed with the Commission, will be available on the Commission’s website located at www.sec.gov. When available, copies of the prospectus relating to the Offering may be obtained from the offices of B. Riley FBR, Inc. at 1300 North 17th Street, Suite 1400, Arlington, VA 22209, by calling (703) 312-9580 or by emailing prospectuses@brileyfbr.com.About Global Ship Lease, Inc. Global Ship Lease is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships. Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under fixed-rate charters to top tier container liner companies. On November 15, 2018, it completed a strategic combination with Poseidon Containers.Global Ship Lease owns 40 ships and has contracted to purchase a further ship, ranging from 2,207 to 11,040 TEU, of which nine are fuel efficient new-design wide beam, with a total capacity of 224,162 TEU and an average age, weighted by TEU capacity, of 11.9 years as at June 30, 2019.The average remaining term of the Company’s charters at June 30, 2019, including subsequent new charters, options to extend which are under the Company’s control, and assuming the mid-point of the redelivery period, was 2.9 years on a TEU-weighted basis. Contracted future revenue on this basis was $835.4 million. Contracted future revenue was $916.4 million, including options to extend which are under charterers’ control and assuming the latest redelivery date, over a TEU-weighted average remaining term of 3.3 years.Forward-Looking Statements This press release contains forward-looking statements. Forward-looking statements provide the Company’s current expectations or forecasts of future events. Forward-looking statements include statements about the Company’s expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. Words or phrases such as “anticipate,” “believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “will” or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. These forward-looking statements are based on assumptions that may be incorrect, and the Company cannot assure you that the events or expectations included in these forward-looking statements will come to pass. Actual results could differ materially from those expressed or implied by the forward-looking statements as a result of various factors, including the factors described in “Risk Factors” in the Company’s Annual Report on Form 20-F and the factors and risks the Company describes in subsequent reports filed from time to time with the U.S. Securities and Exchange Commission. Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this press release or to reflect the occurrence of unanticipated events.Investor and Media Contact: The IGB Group Bryan Degnan 646-673-9701orLeon Berman 212-477-8438

  • Globe Newswire

    Global Ship Lease Announces New Five-Year $268 Million Credit Facility for Debt Refinancing

    Refinancing reduces average cost of debt and significantly extends maturities from 2020 to 2024LONDON, Sept. 19, 2019 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”) announced today that it has agreed a new syndicated $268 million senior secured credit facility comprised of two tranches (the “New Senior Loan”) with major commercial lenders Credit Agricole Corporate and Investment Bank, ABN AMRO Bank N.V, CIT Bank NA, Hellenic Bank Public Company Limited and Siemens Financial Services Inc. The Company expects to draw down the first tranche of the New Senior Loan, in full, of $230 million shortly and will use the proceeds to refinance five existing senior credit facilities with maturities in December 2020 and April 2021 (the “First Tranche Refinancing”), thereby reducing its cost of debt, extending maturities, and simplifying its debt structure. As a result of the First Tranche Refinancing, three 2000-built 6,000 TEU ships will become unencumbered. The second tranche of up to $38 million, or 65% of the market value of the vessel to be financed, is available, on similar terms, until May 2020 to facilitate further refinancing.  The final maturity date of the New Senior Loan is expected to be September 2024, five years after drawdown. Borrowings under the New Senior Loan will bear interest at LIBOR plus a margin of 3.0%. Scheduled amortization is in line with fixed amortization which would have commenced March 2020 under the refinanced loans, at $5.2 million per quarter. In addition, the Company has refinanced all of the existing indebtedness under its Junior Facility in the amount of $38.5 million, with the only change being to extend its maturity from September 2023 to September 2024, consistent with the maturity date of the New Senior Loan. The Company has updated the Overview of GSL Debt in its Investor Presentation, on its website at www.globalshiplease.com.George Youroukos, Chairman of Global Ship Lease, added, “This significant improvement to our capital structure reflects the increasing recognition of our high-quality, best-in-class fleet, our extensive contracted revenue stream, the competitive advantages of our fully integrated commercial platform, and the highly supportive fundamentals for well-specified mid-sized and smaller containerships. With charter rates improving across the vessel classes represented by our fleet, we have successfully extended and expanded our charter backlog and, as previously announced,  have agreed to purchase three vessels, two of which have now been delivered, with the third scheduled to deliver at the end of the month, in a highly attractive, opportunistic acquisition. By maintaining a high level of activity on multiple fronts, we are focused on systematically overcoming barriers to achieving a market valuation that more accurately reflects the inherent value of Global Ship Lease and our high-quality fleet of 41 ships, which was valued by an independent broker at $1.34 billion on a charter-attached basis as of June 30, 2019 for an overall loan to value, net of cash, and adjusting for the purchase of the two ships to be purchased after June 30, 2019, of just over 60% at the same date.”Ian Webber, Chief Executive Officer of Global Ship Lease, stated, “By successfully executing this refinancing, we are delivering upon our stated goals of reducing our cost of debt, significantly extending maturities of most of our 2020 debt until September 2024, and enhancing our financial flexibility by releasing collateral. While an important step in its own right, this refinancing also provides us with long-term certainty for further enhancements to our capital structure.”About Global Ship LeaseGlobal Ship Lease is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships. Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under fixed-rate charters to top tier container liner companies. On November 15, 2018, it completed a strategic combination with Poseidon Containers.Global Ship Lease owns 40 ships and has contracted to purchase a further ship, ranging from 2,207 to 11,040 TEU, of which nine are fuel efficient new-design wide beam, with a total capacity of 224,162 TEU and an average age, weighted by TEU capacity, of 11.9 years as at June 30, 2019.The average remaining term of the Company’s charters at June 30, 2019, including subsequent new charters, options to extend which are under the Company’s control, and assuming the mid-point of the redelivery period, was 2.9 years on a TEU-weighted basis. Contracted future revenue on this basis was $835.4 million. Contracted future revenue was $916.4 million, including options to extend which are under charterers’ control and assuming the latest redelivery date, over a TEU-weighted average remaining term of 3.3 years.Safe Harbor StatementThis press release contains forward-looking statements. Forward-looking statements provide the Company's current expectations or forecasts of future events. Forward-looking statements include statements about the Company's expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. Words or phrases such as "anticipate," "believe," "continue," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "will" or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. These forward-looking statements are based on assumptions that may be incorrect, and the Company cannot assure you that the events or expectations included in these forward-looking statements will come to pass. Actual results could differ materially from those expressed or implied by the forward-looking statements as a result of various factors, including the factors described in "Risk Factors" in the Company's Annual Report on Form 20-F and the factors and risks the Company describes in subsequent reports filed from time to time with the U.S. Securities and Exchange Commission. Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this press release or to reflect the occurrence of unanticipated events.Investor and Media Contact: The IGB Group Bryan Degnan 646-673-9701 or Leon Berman 212-477-8438

  • Globe Newswire

    Global Ship Lease to Present at Sidoti & Company Fall 2019 Conference

    LONDON, Sept. 18, 2019 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”) announced today that the Company’s Chief Executive Officer, Ian Webber, is scheduled to present at the Sidoti & Company Fall 2019 Conference in New York City on Wednesday, September 25, 2019 at 9:10 a.m. Eastern Time. A live webcast of the presentation and slides will be available in the Investor Relations section of Global Ship Lease’s website: http://www.globalshiplease.com.About Global Ship Lease Global Ship Lease is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships. Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under fixed-rate charters to top tier container liner companies. On November 15, 2018, it completed a strategic combination with Poseidon Containers.Global Ship Lease owns 40 ships and has contracted to purchase one further ship, ranging from 2,207 to 11,040 TEU, of which nine are fuel efficient new-design wide beam, with a total capacity of 224,162 TEU and an average age, weighted by TEU capacity, of 11.9 years as at June 30, 2019.The average remaining term of the Company’s charters at June 30, 2019, to the mid-point of redelivery, including options under owner’s control, was 2.9 years on a TEU-weighted basis. Contracted revenue on the same basis was $823.0 million. Contracted revenue was $913.4 million, including options under charterers’ control and with latest redelivery date, representing a weighted average remaining term of 3.2 years.Investor and Media Contact: The IGB Group Bryan Degnan 646-673-9701 or Leon Berman 212-477-8438

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