FRO

Hier bewegt sich wieder was nach Durststrecke.
Verstehe zwar nicht den genauen Ablauf, aber dem Kurs tuts gut.
Gruss Rich

Frontline: Development of FPSO Activity



HAMILTON, Bermuda, Feb. 1, 2007 (PRIME NEWSWIRE) -- In line with the strategy decided by the Board, Frontline Ltd. ("Frontline" or the "Company") is currently in the process of establishing a separate entity to develop the Company's floating production activity. Frontline is in discussion regarding the sale of all its floating production activities including the FPSO "Front Puffin" currently under conversion at Keppel Shipyard in Singapore and its floating production management organization to Sea Production Ltd. ("Sea Production" -- a company under incorporation). The conversion of "Front Puffin" is expected to be completed in the second quarter of 2007.

Sea Production will be established as a separate entity to develop floating production (FPSO) and storage (FSO) projects. The company's Chief Executive Officer and Executive Chairman will be, Mr. Oscar Spieler, the previous Chief Executive Officer of Frontline Management AS. Sea Production endeavors to become a leading FPSO contractor by utilizing its fleet of suitable vessels, through its existing experienced management organization and through partnerships with strategic subcontractors.

Sea Production will include the FPSO "Front Puffin". In addition, the Company is in negotiation with Greenwich Holdings to purchase two Double side Aframax tankers suitable for FPSO conversion and the FPSO "Crystal Ocean" from Seadrill Limited. The final terms for these transfers are still under discussion.

Frontline is in the process of bringing external investors into Sea Production, and to finance the company on a stand alone basis. It is the intention that Keppel Shipyard which has been a partner in the Puffin project also will be a substantial shareholder in Sea Production. Keppel Shipyard and Frontline intend together to subscribe to minimum 33% of the new equity. Frontline expects a final clarification around the financing of Sea Production and the final terms of the sales will be communicated to the market within the next week.

Nebst all dem heutigen Frust, entlich wieder mal good news.
FRO bezahlt eine ansehnliche Div. von 2$05 pro Aktie netto.
Gruss Rich

Frontline Q4 Net Income Rises, Operating Revenues Down, Declares Dividend - Update



(RTTNews) - Early Tuesday, Frontline Ltd. (FRO), engaged in the ownership and operation of oil tankers, announced fourth quarter results, reporting net income that rose slightly from the previous year quarter despite a decrease in total operating revenues. The earnings reflect the weakening of the market in the fourth quarter. The company also declared cash dividend. The Hamilton, Bermuda-based company's net income rose to $134.6 million or $1.80 per share, compared to $133.78 million or $1.79 per share in the same quarter last year. On average, Wall Street analysts expected earnings of $0.82 per share.

Total operating revenues for the quarter decreased to $350.63 million from $430.37 million in the comparable quarter last year.

Operating income for the quarter dropped to $220.43 million from $236.88 million in the year-ago quarter. Cash and cash equivalents at the end of the period rose to $204.08 million from $100.53 million in the corresponding quarter last year.

Operating costs continued at above normal level caused by the fact that the dry-dockings were expensed in the quarter. Operating costs came in at $203.99 million from $191.59 million in the year-ago quarter.

Company on January 2007, sold its single hull Suezmax tanker Front Transporter for a gross sales price of $38 million of which the delivery is expected to take place in March 2007. Upon delivery of the vessel to the buyers, the long term charter party between Frontline and Ship Finance would be terminated, and the latter would make a compensation payment to Frontline in the amount of about $15 million for the early termination of the charter party, noted the company.

The company's Board declared a dividend of $2.05 per share, which would be paid on or about March 22, 2007. The Board has also decided to distribute about 11% of the outstanding shares in Ship Finance to Frontline's shareholders. The distribution is driven by the wish to increase the liquidity and the general interest in the Ship Finance share, said the company. As part of the decision, every Frontline shareholder would receive three shares in Ship Finance for every 28 shares held in Frontline, representing $2.79 per Frontline share based on share price February 23, 2007 in Ship Finance. The record date for the dividend and the distribution is March 8, 2007 and ex dividend date is March 6, 2007.

Zitat von speedskater

Hallo Richard

Ex Dividend ist am 6.3. Record date für die Dividende und die Verteilung der Anteile ist aber am 8.3. Verstehe ich das richtig, dass man bis am 8.3. bei Frontline als Aktionär gemeldet sein muss, um die Dividende und die Anteile zu erhalten?

Gruss speedskater

Hallo speedskater,
Gute Frage. Ist mir auch nicht ganz klar, ehrlich gesagt. Denke sicher ist, wenn man die Aktie am 5.3. im PF hat. Habe festgestelt in der Vergangenheit, dass man sich auf diese Daten nicht immer verlassen kann. Plötzlich taucht ein paar Tage vorher der Kurs, und dann beim genauen kontrollieren ist es bereits ex.Div. Am besten vorher die Homepage von FRO abchecken.
Hat mich gestern erstaunt, dass der Kurs bei diesen INfo getaucht ist. Aber eben, was ist sicher bei dieser Börsenlage. Meistens steigt der Kurs ja je näher zum Ex. Datum.
Wenn man die Div. Auszahlung der vergangenen Jahren anschaut, (Homepage) so hat sich eine Investition in FRO durchwegs gelohnt.
Aber eben, bin vorsichtig mit Prognosen. :wink:
Gruss Rich

Habe mir auch gerade noch eine Fraktion eingebucht. zu 25.07$
Gruss Rich

Zitat von cybercrash

Könnte 35.07$ sein? Oder es ist kein Fehler, sondern ein Glückstreffer?

Sorry, Alterschwäche.... Demenz??? Oder doch Börsenhektik?
Natürlich 35.07 :lol:
Gruss Rich

Zitat von simon

Da ich im Tankergeschäft noch abstinent bin, habe ich mir mal eine Portion FRO zu 30.89.

Welcome in the club :lol:
Gruss Rich

https://www.frontline.bm./

Zitat von speedskater

[i]
Der einzige Nachteil ist jetzt, dass ich einige Stück SFL habe. Was macht ihr damit? Der Verkauf lohnt sich überhaupt nicht (Gebühren) also drängt sich praktisch ein Nachkauf von SFL auf. Auch SFL zahlt vierteljährlich Dividende aber nicht soviel wie FRO ungefähr 8%.

Abwarten und Tee trinken.. :lol:
Wenn die 8% netto bezahlen (ohne Verr. St. Abzug) dann kann ich mit 8% gut leben. Denke, bei Kursschwäche an Nachkauf.
Wird sich nun zeigen, ob die Aktionäre welche die Aktie erhalten haben verkaufen oder zukaufen.?
Gruss Rich

https://www.shipfinance.bm/

so wie es aussieht wird SFL schon wacker gebunkert.
Gruss Rich