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My bids not getting filled. :(
What price is the new offering?
Looks cheap, but what is the effect of the new offering? Anyone with thoughts?
Bidding for a few more...
See what tomorrow brings. Maybe lower.
$TOPS ~ TOP Ships Inc. @$1.0999
-0.0601 (-5.18%)
Volume: 536,942
Day Range: 1.06 - 1.22
Last Trade Time: 12:19:23 PM EST
Severly undervalued. $TOPS
Net equity (book value) increased heavily recently!! Next strong catalyst here post R/S and post (closed) offering(s) at higher & way higher prices! ($2 & $6.75)
As of yesterday still only 10.29M shares outstanding with much less in the FreeFloat. Book Value @~$20/share with current S/S!! Record NET PROFITS announced for first 6 months 2022!! Heavily shorted. +++
Agreed, again! Btw I took a mod-seat and created an Ibox. I'd appreciate if someone else would apply for a mod-seat here, feeling so lonely. Lol
I have to agree, I've rarely seen such a crazy chart and the company reported record earnings and reported good results last quarter and yet it's going down so low with an offering at $2. This is very rare and actually you could buy these stocks and be patient, because actually you can't do much wrong. Every share goes down and up again...... and here it must and will soon go up. these are mm players in my opinion and don't forget. this company has made several RS and consequently the structure is small and good
all only imho
maybe start today
No idea, we'll see.
Agreed. Epic bounce ahead!?
I'm going to buy a few more shares today.
imho
Let's say $2.05 was the offering. if i can remember so TOPS should be trading at least $2.05 and actually on top of that the good facts and results TOPS should be trading at 6 7 8 or 9 dollars and why does it even fall below the price of the offering only evil can do that have been shorts ?
imho
Hit all time low and now it should make a big bounce up for many days.
all only imho
PPS $10 would BE nice
divi would be awesome
These are crazy good facts and when I look at these facts, $TOPS shouldn't be at $1 at all, but would have to be traded much much higher, because the facts are very good and the stock is known to be mega undervalued and why is it because so played down?
imho
So what's dragging this stock down to this level convertible debt?
TOP Ships Announces a 412% Increase in Net Income for the Six Months Ended June 30
TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today its unaudited financial results for six months ended June 30, 2022.
For the six months ended June 30, 2022, the Company reported:
Total revenues of $38.8 million (53% increase from 1st half 2021)
Net Income of $8.6 million (412% increase from 1st half 2021)
Adjusted EBITDA of $26.9 million (88% increase from 1st half 2021)
Total Assets of $475.4 million (44% increase from December 31, 2021)
Evangelos Pistiolis, the President, Chief Executive Officer and Director of the Company, said:
“We are very happy to report a dramatic year-on-year increase in net income for the six months ended June 30, 2022, which represents our highest reported net income for a six month period since 2005. Furthermore, as of June 30, 2022, our fixed revenue backlog is about $278.5 million and our charter coverage is as per below table:
Year
Time Charter Coverage
2022 (remainder)
100%
2023
100%
2024
76%
2025
17%
2026+
10%
About TOP Ships Inc.
TOP Ships Inc. is an international ship-owning company.
For more information about TOP Ships Inc., visit its website: https://www.topships.org.
https://finance.yahoo.com/news/top-ships-announces-412-increase-125700028.html
A juicy dividend for common shareholders, a little F/S and/or a buyback would be great.
Even if we'd calculate with 30M O/S (3x higher than today's O/S) this should be quoted at ~$13/share to get a fair value imo.
Common shares presently outstanding as of 22th Dec 2022: (Only) 10,294,906
FreeFloat: ~2.8M common shares
$TOPS book value (net equity) at ~$19/share right now >>> add a fair multiple of this year's (net!) profits for a fair valuation.
This ticker should go ballistic as soon PPS turning up again as I see it. *NFA
#OVERSOLD #UNDERVALUED $TOPS
Nice numbers to get through but we need a catalyst to get us there..imo
$TOPS >>> WOW! Shareholders' net equity (book value = total assets - total liabilities) more than doubled from ~$93M at the end of 2021 to over $191M(!) in the 2022 half-year report. DYOR.
$TOPS ~ Top Ships Short Interest Data:
Current Short Volume: 786,900 shares
Previous Short Volume: 344,500 shares
Change Vs. Previous Month: +128.42%
Dollar Volume Sold Short: $2.38 million
Last Record Date: November 30, 2022
Float Size: 2,840,000 shares
Short Percent of Float: 27.71%
Seems like the short-#s have increased a lot once again since the last recording date...
Watch acc./dist.-ind. below chart/price:
Time to load big? Huge upside potential and risk to downside seems to be very limited down here post R/S (Sep.) and offering closed since 6th of Dec & PPS @ATL. Huge book value & record financials for 1st half year 2022 & perfectly low S/S with ultra tiny free float. Oversold & undervalued as it can be. Go $TOPS! As always jmho.
$TOPS @$1.27 RT/AH >>> ~30x(!) undervalued down here!! $$$$$$$! DYOR. *NFA
$TOPS might see a squeeze to $24+
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