Top Ships Inc (TOPS)

[weedtrader420]

TOPS$ $3 TARGET PRICE TODAY WOOHOOOOOOOOOO

[70-w02ld]

If their anything like the $3,000,000,000,000 a share the seemed to be at some point not all to long long ago. They'll be back up, and likely even hit $6,000,000,000,000 in five years!

Hydrogen, Solar, Nano-Particles, Graphene, Carbon Fiber, three is alot of new technologies out there revolutionizing the way the world is viewed.

But these shipping companies, were the highest value per share even back on the late nineteen eighties and nineties.

I'm in fifty shares, hoping to let this $100 investment ride like a game of roulette. But for the next rice years!

I'm also fifty shares deep into SHIP.

And HYSR is a promising stock to invest in, but we'll see what's happening with them after the first quarter, where their expected to climb.

VPOR and HEMP and BUDZ rounds out my cannabis diversity.
Though I don't own VPOR or budz yet! Another hundred next month, plus nother $150 to submit on TOPS SHIP. Should be a fun and interesting decade

Civil War is a feet to add into whether the stocks will crash again, but as they say, war makes money.

These are all good stocks to diversify with. I'd say!

Welcome to 2021! I finally could afford whole stocks of these big valued shares.

[GolfFishSurf]

Little rise this week here. Start off the year Green..... stay that way?

[TaxiCaT]

Run forming here....

[TaxiCaT]

Expecting this to run to $2 soon IMO -

[TaxiCaT]

Going green?

[nyheat]

Big buys lined up after hours again...something big coming....wow

[wickerman]

$TOPS more overseas donations to the Greek retirement fund

[maestro_of_Ihub]

Agreed looks like someone is expecting a huge gap up Monday! Time will tell, but it’s looking good!

[nyheat]

There was a big bid right until the last minute of the day..before 8 pm someone tried to get in big hard...so maybe fireworks on monday...

[surfer44]

Cool

[kingsransome]

went to $40 after hrs years ago

[surfer44]

$8++++ ?

Maybe in 1-2 years. Need some earnings for a boost.

[surfer44]

For a value investor the answer would be this -

Management estimates the company’s NAV to be $180 million. This translates into an NAV of $4.52 per share (based on number of common shares currently outstanding) and $3.55 per share (on a fully diluted basis - assuming exercise of Series B warrants and conversion of convertible loan).

[kingsransome]

$8++++ ?

[kingsransome]

why???

[surfer44]

Most energy-related stocks are going UP!

[surfer44]

Got a runner...

Top Ships Announces Share Repurchase Program, Fleet Update and Estimate of Net Asset Value
TOP Ships Inc.
August 17, 2020
ATHENS, Greece, Aug. 17, 2020 (GLOBE NEWSWIRE) -- TOP Ships Inc. (NASDAQ: TOPS) (the “Company”) today announced a share repurchase program and fleet update.

Share Repurchase Program

The Company’s Board of Directors (the “Board”) today authorized a share repurchase program under which the Company may repurchase up to $5.1m of its outstanding common shares, representing approximately 10% of the Company’s market capitalization as of August 14, 2020, for a period of three months (the “Repurchase Program”). The Board will periodically review the Company’s Repurchase Program, and may decide to extend its term or increase the authorized amount, by another 10% to 15%, that may be repurchased thereunder.

Under the Repurchase Program, the Company may repurchase common shares in privately negotiated or open-market transactions in accordance with applicable securities laws and regulations, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended, and pursuant to a trading plan adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

The specific timing and amount of repurchases, if any, will be at the discretion of the Company’s management team, and will depend upon a variety of factors, including market conditions, regulatory requirements, capital allocation alternatives, and other corporate considerations. The Company is not obligated under the program to purchase any common shares. The repurchase program may be suspended or discontinued at any time.

Fleet Update

Fleet Profile

As of August 17, 2020, our fleet consisted of ten 50,000 dwt product/chemical tankers, out of which 2 are owned 50%, and two 159,000 dwt suezmax tankers. We also have newbuilding contracts for the construction of three scrubber-fitted 50,000 dwt product/chemical tankers and, and two scrubber-fitted suezmax tankers. Our newbuilding vessels are expected to be delivered to us during the first half of 2021. Following the delivery of our last newbuilding, our fleet will consist of 15 vessels with an average age of 2.3 years (with 2 vessels 50% owned).

All of our vessels are of eco design and are built in shipyards of the Hyundai group, currently the largest shipbuilder in the world. In addition, all of the vessels in our fleet, including our newbuildings, are of very high specification and include enhancements in the hull, propellers and other parts of the vessel to decrease fuel consumption and reduce emissions. Furthermore, all of our vessels are fitted with ballast water treatment equipment and seven of our operating vessels have scrubbers installed and all of our newbuildings will be fitted with scrubbers.

Charter Coverage

As of June 30, 2020, all of the vessels in our fleet (including newbuilding vessels but excluding joint venture vessels) are employed on time charters with fixed terms, representing contracted future revenue of $273m excluding options to extend. Our customers include national, regional and international companies.

Net Asset Value

Management estimates the company’s NAV to be $180 million. This translates into an NAV of $4.52 per share (based on number of common shares currently outstanding) and $3.55 per share (on a fully diluted basis - assuming exercise of Series B warrants and conversion of convertible loan).

About TOP Ships Inc.

TOPS is an international owner and operator of modern, fuel efficient “ECO” tanker vessels currently focusing on the transportation of crude oil and petroleum products.

[maddog27]

Breakout above 1.31 closing basis

[keekee]

Haahaaahaaa! I battled the AXIS OF EVIL NASDAQ, ARCA, EDGX plus BATS on this name and won.....just like the US won against it's own Axis. APPLAUD ME

[Natureboy1]

Ha ha! Did they have a change of heart? How thoughtful to hold the shareholders in such high regard. God bless Top Ships mgmt.

[Giovanni]

ROFLMAO Top Ships Announces Adoption of Shareholder Friendly Measures and Purchase of Shares by CEO of the Company


My stomach hurts:0(

[TaxiCaT]

Green -

[frans]

tops show not good here

[surfer44]

History of TOPS. These guys have experience.

1999
Enter the tanker market.

2004
Lead the way in new wave of shipping IPOs. Fastest ever shipping IPO and follow on offering; total proceeds in excess of $260m.

2004 - 06
Fleet grew from 7 to 33 vessels becoming one of the largest double hull Suezmax and Handymax tanker operators in the world. Market cap grew from $135m to $672m in less than a year.

2005
Went on the road with a committed fleet of 15 dry bulk vessels from AM Nomikos. Marketing of the deal was successful but didn't price due to unfavorable stock market conditions. Vessel values were up to 3 times higher just 1,5 years later.

2005
Entered the Offshore market by acquiring 3 secondhand AHTS that were in operation up to 2013.

2005 - 06
Successfully disposed of 18 tankers at near peak levels through SLB transactions worth approximately $676m. Tanker charter rates and values subsequently receded to lower levels.

2007
Tanker charter rates and values subsequently receded to lower levels.

2008
Sold 7 owned suezmax tankers and arranged the sale of 6 chartered in tankers and terminated respective leases. Last vessels delivered few weeks before Lehman Brothers collapse.

-
Fixed all dry bulk vessels on medium to long term charters at high charter rates.

-
Fixed all 6 newbuilding tankers scheduled to be delivered the following year, on long term charters at record high charter rates.

2009 - 11
Took delivery of 6 newbuilding product tankers without diluting shareholders and entered into long term charters at rates that were more than three times the average spot rates.

2013
Sold entire fleet consisting of 5 MR Tankers and 1 Supramax dry bulk vessel for $173 million.

-
Realized a significant part of the remaining value of the MR tanker charters achieving up to 40% premium on charter free valuations.

2014
Purchased the company's first ECO MR Product Tanker.

2015
Took delivery of two ECO MR Product Tankers.

2016
Took delivery of three ECO MR Product Tankers.

2017
Took delivery of one ECO MR Product Tanker. Entered into a 50%-50% joint venture agreement with Gunvor S.A. a leading oil trader.

2018
Took delivery of three ECO MR Product Tanker (two of which in the 50%-50% joint venture with Gunvor S.A.).

2019
Took delivery of two ECO MR Product Tankers and two ECO Suezmax Tankers. All vessels are scrubber fitted except for one MR Product Tanker that is Scrubber ready.

[TaxiCaT]

Would love some news on the share buy back today to drop during trading.

[GolfFishSurf]

All of that sounds great. I just wish I could believe it. No SEC repercussions for these guys......

I still might have to suck up the courage and add to my 69 shares that I still have after the reverses........ I'm only down 98%......

[surfer44]

I love watching shipping conferences on Youtube. At the end they ask what would you do with extra cash. Pay a dividend, buy back shares, pay down debt, or buy more ships. I think traders can learn alot from these guys.

[surfer44]

Ocean shipping companies are the ultimate traders buying and selling ships. What companies have done in the last 7 years is try to survive a severe downturn in shipping. And some have tried to position themselves for growth and a cyclical upturn. TOPS may be one of them.

[GolfFishSurf]

I know....... if I only believed they would do/stick to that. Seen too many shenanigans with this one.....

[surfer44]

Top Ships Announces Adoption of Shareholder Friendly Measures and Purchase of Shares by CEO of the Company
TOP Ships Inc.
August 20, 2020
ATHENS, Greece, Aug. 20, 2020 (GLOBE NEWSWIRE) -- TOP Ships Inc. (Nasdaq:TOPS) (the “Company” or “TOPS”) announced today that the Company has been advised that a company affiliated with its Chief Executive Officer, Evangelos Pistiolis, has today purchased an aggregate of 100,000 common shares of the Company in the open market.

In addition, the Company announced that for a period of 12 months following the date of this release:

(i) it will not conduct any equity offerings, public or private;

(ii) it will not conduct any reverse stock splits;

(iii) it will not pay any bonuses to its executive management; and

(iv) it will enter into a standstill agreement with Family Trading Inc., the holder of all of the Company’s outstanding Series E Preferred Shares and a company affiliated with its CEO, pursuant to which Family Trading will agree not to convert any of its Series E Preferred Shares into common shares, other than in connection with a change of control of the Company.

(v) CEO and his affiliates will not sell any shares.

The Company believes that the above actions will significantly enhance the trading stability of its common shares during the next 12 months.

Finally, the Company announced that it is proceeding with implementing its previously announced stock repurchase plan.

Mr. Pistiolis commented, “I believe that the current trading price of our common shares does not reflect the intrinsic value of the Company, as evidenced by my purchase today of 100,000 common shares in the open market, and that the actions we have taken today will benefit all shareholders.”

About TOP Ships Inc.

TOPS is an international owner and operator of modern, fuel efficient “ECO” tanker vessels currently focusing on the transportation of crude oil and petroleum products.

[GolfFishSurf]

Are we truly believing they will let this run into the $3's and $4's? Won't the dilute the daylights out of it if it reaches the $2's somehow? Just based on the last, oh, lifetime of the stock?

[TaxiCaT]

Yup - tick tock

[surfer44]

2nd runner. Go energy!

[kingsransome]

lets see if gboy spikes this pos,,weve been waitin long enuff

[OCMillionaire]

CEO bought shares, buyback and no RS or dilution for 12 months...ez $$$ 4$ initial, swing to 7-8$

[Tom turtles]

Don't know.....Go to Greece and tell them to stop. My .98s are looking good.

[keekee]

Market Specialists from ARCA, BATS, NSDQ and EDGX are CRIMINALS parading as market makers. The bid question is, how do we send them to the jail they belong!

[maddog27]

Wall Street jungle part two...you sound like Richard ney. Criminals

[Tom turtles]

A book or block ! Lol

[Tom turtles]

Tops baby...

[Tom turtles]

I remember the days of DRYS running to $100 plus...insanity..
Will it happen again with Tops /Ship ? I hate both companies with a passion. But with the O/S so low in both shippers..
Ya never know. And the supposed no more offerings or splits..

What else could happen ? Small position in Tops under buck.

[Tom turtles]

I want to read...

[keekee]

Yes. Unbelievable what happens in this business. It is mind-blowing....so much that people don't see. I have a huge book coming out soon

[Tom turtles]

Trading normal at least for once..

[keekee]

Market Makers: I must confess that I didn't know much about these guys when our beef started. It's been quite a journey!!! Now, I know!

[keekee]

So the CRIMINALS making market here seatnon the stock at $1.02 all day waiting for me to sell. Instead, I load. Then after hours they try to cover some. Fraudulent CRIMINALS parading as market Specialists.

[keekee]

I am suing for peace again...no more Red or Blue States. MMs....Citadel, let's make that happen. At the end of the day, it's all about making money. Cheers!

[Tom turtles]

$40k invested 5 years ago = $4.92. Enuf Said

[keekee]

Do these fools do anything else except collectively strategizing how to.make Keekee lose a thousand or two??? You get amused and annoyed the same time, knowing that these fools get paid to be violating the laws and rules of the industry feeding them. You can only hope someday a new crop of folks will come and clean up the retards....either by exposing them or jailing them.