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STOCKS NEWS EUROPE-Torm gains on brighter shipping outlook
Fri Mar 5, 2010 2:39pm GMT
Shares in Denmark-based dry bulk and oil products shipper Torm (TORM.CO) rise as much as 2.5 percent, making them the top gainers in Copenhagen's blue-chip index .
The Baltic Exchange's main sea freight index .BADI rose to a five-week high on Thursday helped by Chinese demand for coal and grains.
"We have seen nice freight rate rises in the past few days," Sydbank says in a research note, referring to dry cargo. Product tanker rates look as if they hit rock bottom at end-February and the phasing out of single-hull vessels should support tanker rates in 2010, Sydbank says.
Torm shares trim some gains to trade 1.7 percent higher. For more double click on [ID:nLDE6232GF]
this could be the one, if we break thru $10.59 next week, I think
we go up past the recent high $14.20 and not look back. In fact we could finally be headed to equity per share of $18.00
have a great weekend
dealorfx
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bid $10.94 pre-market, may be a good move today in TRMD with the overall market sentiment being positive, jmho
TRMD closed at $10.96 on the Copehagen X with volume of 104,600
seems to be picking up some momentum now.
I'll be out on the golf course this morning working, so cya
this afternoon.
dfx
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well we held pretty good over the 5 day ma today, good sign...
Time & Sales
Price Size Exch Time
10.91 300 NGS 15:59:55
10.91 100 NGS 15:59:55
10.84 300 NYE 15:37:53
TRMD closed $10.75 in Copenhagen, not sure why the lag this time, last run up, Copenhagen was the lead, maybe U.S. will lead this time, confusing to say the least.
most of the afternoon it was only 7 cents, they wanted shares
desperately going into the close/bid 10.94/ask11.00
good trades
dfx
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finally a good sign, we closed at $11.00, up from here...imo
TRMD gets over $11.00, we are on our way up..........\
I'm gonna add about 400 more here because I think we can head back to at least $14/share
dfx
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hopefully TRMD catches up to the ETF SEA soon, we are lagging behind quite a bit for some reason.
the big boy is back with the 20k shares bid at $10.60, makes we wonder.
dfx
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interesting pre market for TRMD, 2000 shs trade at $10.75
indeed
I see somebody has a bid in for 20k at $10.60, so the bottom might be made here. wouldn't hesitate to add from here on up a little.
bid stacked nice and solid now, thats what I like to see. stay tuned in, Im headed out on the bay for the rest of the afternoon.
good trades
dfx
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$10.58 now bid for 2k shares, arbitrage at work/////
current pre-market bid 4000shs @$10.75, the beauty of it all,
this stock trades like clockwork 24/7....
I'll be able to tell as we go along thru the morning. good trades to all.
don't think it had anything to do with the CEO news, I was sitting on the bid and nothing, this stock is played by one helluva hedge
fund if you ask me. I used to get discouraged but not anymore, I just keep trying to add all the time, don't forget, focus on the
$18/share equity here. Something has to break soon, this stock is
way undervalued unless something I'm missing, and I keep close tabs on this constantly. stay tuned in.
dfx
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sitting on the bid and I keep moving up with no luck,
this stock is so manipulated its unreal, hedge fund at its best
SEA really moving, TRMD lagging behind for some reason....
interesting
ETF SEA is breaking out to the upside here this morning
TRMD lagging behind a little, but we are at the mercy of the manipulator again, earnings should do well as company stated.
TRMD closed $10.80 in America
TRMD closed $10.87 in Copenhagen..........
Watch for Golar LNG Ltd. earnings Friday; GLNG, TRMD, SFL, TDW
Thursday, 25 February 2010 15:07
Traders watch earnings releases closely, as changes in a company’s performance can be a good indication whether a company is on the right track, or headed the wrong way.
Golar LNG Ltd. (GLNG) is scheduled to release its earnings results Friday. The company currently has an earnings per share ratio (EPS trailing twelve months) of - .77 and investors are hoping to see that number change. Let’s take a look at the performance of the stock since its previous earnings release.
In the past three months, the stock has posted a -8.19% loss in terms of stock price. Over the same period, the Shipping industry group has returned a combined -1.62% loss.
So the eyes of investors turn to this new round of earnings.
Now, good earnings don’t always lead to higher stock prices, but keeping up on earnings is still a vital part of your fundamental stock analysis. Also note that companies often change earnings dates, so you should double-check them often.
When looking at earnings, it’s very helpful to see how stocks compare to others in its industry group. And even though two stocks may not be direct competitors, many analysts and institutional investors still compare them and evaluate them relative to other stocks in their group.
GLNG is in the Shipping industry group where it competes for investor dollars with companies like Steamship Co. Torm A/S (TRMD), which is set to release its earnings on 03/11 and last reported a -97.69% decline in quarter-over-quarter EPS.
Another industry peer, Ship Finance International Limited (SFL) released its earnings on 02/26 and last reported a -32.56% decline in QOQ EPS.
Tidewater Inc. is the stock with the biggest market cap in the Shipping industry at $2.32B. It closed yesterday at $44.68
My thoughts are one day we're going to look back at today's stock price and wish we had bought more. TRMD is not a trading vehicle, it is a buy and manage situation. These guys are building ships for the future, the Chinese are willing to place their confidence in financing shippers, and I say the future looks bright for certain shippers, TRMD being one of them. Once we get out of all this mess
the world is in, this stock will be in the teens, all of course just
my honest opinion. More later, all the best, Stan
chart
TRMD behaves all by itself, falls below moving averages on low volume, and never attracts huge buying interest, yeah and right now there is no interest so the hedge fund just keeps manipulating the
bid/ask to its advantage, we are at their mercy until otherwise,
remember, TRMD is selling at a discount, here is the clip from the last 10Q--------->
At 30 September 2009, equity amounted to USD 1,274 million, equivalent to USD 18.4 per share (DKK 93.4 per share), excluding treasury shares, giving TORM an equity ratio of 38%.
what a deal here. take advantage of it imo, sooner or later they
will jump the price/share and never look back, jmho.
sometimes I have a suspicion they want TRMD off the radar scope because something might be brewing. the world still turns.
good trades
and yes of course the hedge fund manipulator paints the tape at the close again, this is always a given, even though the SEA ETF was
strong.
and thats how de do it.
Time & Sales
Price Size Exch Time
10.65 100 NGS 16:00:00
10.72 100 NDD 15:59:00
10.718 100 NDD 15:55:07
10.72 100 ISE 15:55:06
10.72 100 NDD 15:46:29
10.72 100 NDD 15:39:52
10.72 100 NDD 15:38:30
WOW, here's a good indication something good is a brewing---->>>>
looks like we go down down a little today again in sympathy with the market.
maximum pain again, been here done that over and over....
about the only downfall here by owning stock in TRMD is how to shield it against losses as the stock drops since there are no options available on it. You could use a stop, but these nasty hedge fund manipulators no how to see-saw the price of this stock
up and down like crazy and take out those stops, I know, it happened once to me. I notice Knightsbridge tankers seem to be doing fine, as they are one of my leading indicator most of the time. In my opinion, I still think TRMD is being way undervalued, for what reason I do not know, I think below book value, I'll check on that again, so what ever the reason, TRMD still seems to be a good bet here down the line once this economic recovery kicks in. Maybe a lot of it has to do with being in the Euro Zone.
good trades
dfx
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nah! classic hedge fund manipulation, proprietary trading tactics.
volume is skimpy and a lot of it was cross trades, I have been following this stock way too long and can actually tell the
actions of the trader. this isn't much of a trading stock, and the retail interest is low, so the market manipulator does his best to keep the action in line with the overall market and the dollar index. I'll be waiting on the sideline again to snatch up some more.
last time I accumulated 2k shares and did well, stuff still needs to
be moved around from port to port worldwide. trade well.
just a reminder to all who pass here-TRMD
Dampskibsselskabet Torm A/S (Nasdaq:TRMD) is a Danish-based tanker and dry bulk ship operator whose stock is up over 26% since last March, but underperformed the broader shipping group as represented by the Claymore/Delta Global Shipping ETF (NYSE:SEA), which added better than 65% over the same period.
TRMD stock also offers current investors a 13.5% yield and a one-year trailing P/E ratio of just 9. TRMD trades at just over half the company's breakup value, with a P/B of 0.6 and a price-to-sales ratio of only 0.85.
The company has a market capitalization of nearly $720 billion.
http://stocks.investopedia.com/stock-analysis/2010/4-Fundamentally-Sound-Stocks-Worth-Flirting-With-FLY-TRMD-SEA-PNNT-GLAD0210.aspx?partner=YahooSA
ok sounds good, take notes and let us know, the daily chart looks
great for TRMD as well as the ETF SEA, lots of accumulation, I did
pick up some today also.
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