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TRMD - Torm

post #1 of 16
Thread Starter 


Aktieselskabet Dampskibsselskabet Torm (TORM) is engaged primarily in the ownership and operation of product tankers and bulk carriers. The Company's product tankers carry refined products, such as naphtha, gasoline, gas oil, jet fuel and diesel oil. Its dry bulk vessels carry commodities, such as coal, iron ore and grain. TORM provides transportation services by utilizing a fleet of vessels that it owns, charters in on short and long term time charters, or manage as the manager of a pool or through contracts with third-party owners. The Company charters in tankers and bulk vessels as are needed by the pools it manages. As of December 31, 2006, the Company's fleet of owned vessels consisted of 31 product tankers and five dry bulk carriers. The total tonnage of those vessels is approximately 2,348,145 deadweight ton. In addition, the Company chartered six product tankers and seven drybulk carriers and managed approximately 46 vessels for third-party owners and charterers.

Chart:

post #2 of 16

major shipper at .76-great news http://finance.yahoo.com/news/TORM-Expects-Temporary-Bank-pz-1400983916.html?x=0

post #3 of 16
post #4 of 16

About TORM

TORM is one of the world's leading carriers of refined oil products as well as a significant player in the dry bulk market. The Company runs a fleet of approximately 165 modern vessels in cooperation with other respected shipping companies sharing TORM's commitment to safety, environmental responsibility and customer service.

TORM was founded in 1889. The Company conducts business worldwide and is headquartered in Copenhagen, Denmark. TORM's shares are listed on NASDAQ OMX Copenhagen (Copenhagen:TORM.CO - News) and on NASDAQ in New York (Nasdaq:TRMD - News). For further information, please visit www.torm.com.

post #5 of 16

shipping is hot-at .77--going for more today before the run-they have 1.1 billion revenue and 165 vessels-low float

post #6 of 16

wow! just looked--this was 40.00 a share-now .79-  http://finance.yahoo.com/q/bc?s=TRMD&t=5y&l=on&z=l&q=l&c=

post #7 of 16

TRMD-great news just out-COPENHAGEN, Denmark, Feb. 17, 2012 (GLOBE NEWSWIRE) -- TORM and the Company's bank group have extended the deferral of instalments and covenant standstill announced on 17 January 2012. The agreement is after the extension valid until 1 March 2012 where TORM also will publish the 2011 annual report.

"I am satisfied to have agreed a new extension with the bank group. The negotiations continue towards a comprehensive financing solution," says CFO Roland M. Andersen.

post #8 of 16

flying up!!!!

post #9 of 16
nice pop...still light volume tho...a little better today...but is irratic and very thin sometimes...key resist here around 1.00

425
post #10 of 16
Quote:
Originally Posted by highangle View Post

flying up!!!!

and crashing down ...hope you had a parachute...you ok i hope wink.gif


425
post #11 of 16

heads up-shipper at .58-this news came out last Sunday! Goldman making a bid not on yahoo-just found it on nasdaq site-jmho--load http://www.nasdaq.com/article/torm-subject-of-possible-bid-by-goldman-sachs-arm---ft-20120304-00005
 

post #12 of 16

shipper at .58-no one saw this news-came out last Sunday London newswire- http://www.nasdaq.com/article/torm-subject-of-possible-bid-by-goldman-sachs-arm---ft-20120304-00005
could be big-just 26 million float

 

post #13 of 16
Quote:
Originally Posted by highangle View Post

shipper at .58-no one saw this news-came out last Sunday London newswire- http://www.nasdaq.com/article/torm-subject-of-possible-bid-by-goldman-sachs-arm---ft-20120304-00005
could be big-just 26 million float

 



If they make a deal-could be huge, they are a big company--1.3 billion revenue-52 week high of 7.00-- g/l-I am- buying more-  http://stockcharts.com/h-sc/ui?s=TRMD&p=D&yr=1&mn=0&dy=0&id=p68549146348

 

post #14 of 16

read the press-looks like new bank agreement is on the way--very large shipper with 1.3 billion revenue-52 week high over 7.00--will fly with this low float on new agreement

post #15 of 16

must look at-way up on their Copenhagen exchange! they are in the know-link---------------------------------------------------------- http://finance.yahoo.com/q?s=torm.co

post #16 of 16

[b]TRMD[/b]-everyone see this??--link---------------------------------------------------------------
http://www.nasdaq.com/article/torm-subject-of-possible-bid-by-goldman-sachs-arm---ft-20120304-00005
 

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