With Gener8 Maritime hitting a 52-week trading low Wednesday before riding a market rally higher, it was timely for shareholder and director Nicolas Busch to face a question about the stock’s performance.
Busch happened to be a speaker on the agenda at Marine Money’s annual Ship Finance Forum, and interviewer Robert Bugbee of the Scorpio group didn’t miss the opportunity.
Although he didn’t reference the trading low in a friendly chat with Navig8 group chief executive Busch, Bugbee did press on why Gener8 shares have consistently traded below net asset value (NAV) even when there was a robust period for its core VLCC market.
Busch
