American Shipping Serves American Ports

Today I'm reviewing small-cap Norway based shipping and ports firm.

It's name is American Shipping Company ASA

It's trading ticker symbol is ASCJF.  

American Shipping Co ASA is a ship owning and lease finance company with a fleet product tankers and shuttle tanker operating in the U.S. domestic trades.

American Shipping Company ASA operates a fleet of 9 product tankers and 1 shuttle tanker. The company was formerly known as Aker American Shipping ASA and changed its name to American Shipping Company ASA in June 2008. American Shipping Company ASA was founded in 2005 and is headquartered in Lysaker, Norway.

I use three key data points to gauge the value of any dividend equity or fund like American Shipping Company ASA: 

(1) Price

(2) Dividends

(3) Returns

After those three, four more keys will finally unlock an equity or fund in which to invest. 

No matter what, it's the first three primary traits that best tell whether a company has made, is making, and will make money. 

ASCJF Price

American's price was $3.60 per share at Friday's market close. A year ago its price was $3.06 for a gain of $0.54 per share in the past year.  

Assuming American's price will continue to trade in the range of $2.50 to $5.00 next year, its price could grow another $0.54 from $3.60 to $4.14 by July 2, 2019. 

ASCJF Dividends

American's most recently declared quarterly dividend was $0.08 per share paid June 7th. That $0.08 quarterly dividend equates to an annual payout of $0.32  or an 8.89% yield at Friday's $3.60 closing stock price.  

Gains For ASCJF?

American's $0.54 estimated year over year price gain plus an anticipated dividend of  $0.32 makes a projected gross annual gain of $0.86 per share, which will be reduced by the costs to trade those shares.  

A little over $1,000.00 invested today at the $3.60 price buys 278 shares. 

A $10 broker fee paid half at purchase and half at sale subtracts $0.04 per share.

Taking that $0.04 brokerage cost out of the estimated $0.86 gross gain per share leaves a net gain of $0.82 X 278 shares 

= $227.96

or a 22.5% potential net gain on a $1,000.80 investment.

Therefore, American Shipping Company ASA  (whose ticker symbol is ASCJF), now shows a possible 22.5% net gain including an 8.89% dividend yield. 

No analysts cover this stock:

So we'll just have to go with my $4.14 year over year target.

Y Charts has not yet rated ASCJF for an overall "Y" rating. Y Charts also has "insufficient data" for a Value score. Bur YCharts ranks ASCJF "average" with 6 out of 10  possible Fundamental points. A Historic Valuation score for ASCJF has insufficient data for Y Charts.

You could look at all those numbers like this: American Shipping Company ASA has made money, is making money, and could net a 15% to 22.5% net gain next year including an 8.89% annual dividend yield. It could be more, it could be less.

The above speculation is conjecture based on past year performance. Actual results remain to be seen.  They could turn out to be far higher or lower. More study is required for you to determine if American Shipping Company ASA is worth your time and money.