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NDA not coming soon?
NDA Coming soon?
Up today on NO news?
Delays and more delays and now more dilution. $.50 coming soon.
Will NYMX file NDA by 9/15/21?
Something big is coming?
2ND QUARTER RESULTS DISSAPOINTING AS USUAL. STILL NO UPDATES ON NDA.
Any day now...KABOOM!
NDA appication coming soon? I have my doubts.
Any day now...BOOM!
Now what?
On the move again. $2 tommorrow?
Why Safe Bulkers, Star Bulk, and Danaos Corporation Stocks All Jumped Today
The Baltic Dry Index charges full speed ahead, dragging all the dry bulk stocks in its wake.
Rich Smith
(TMFDitty)
May 3, 2021 at 12:00PM
Author Bio
What happened
Shares of dry bulk shipping stocks are on a tear this Monday morning. In 11:25 a.m. trading, Safe Bulkers (NYSE:SB) stock is up 10%, Danaos Corporation (NYSE:DAC) is up 10.1%, and Star Bulk Carriers (NASDAQ:SBLK) is leading the whole pack higher with an 11.8% gain.
And why? The "BDI." That's why.
Three colorful arrows racing straight up on a black background
IMAGE SOURCE: GETTY IMAGES.
So what
Ever since 2021 began, the Baltic Exchange Dry Index (BDI), which tracks the rates that dry bulk shipping companies can charge for hauling dry bulk goods (e.g., coal, iron pellets, and grain) across the ocean, has been on a tear. From a starting point below 1,400 at the beginning of the year, the BDI has more than doubled already, passing the 3,000 mark on Thursday and closing out last week at a five-year high of 3,053.
Now what
Higher prices for dry bulk shipping almost certainly mean higher profits for dry bulk shipping stocks, and it won't take us long to prove out this thesis. In just two days' time -- on Wednesday, May 5 -- Safe Bulkers is due to report its fiscal Q1 2021 earnings results.
Danaos will follow with its own report after close of trading on Monday, May 10.
Then Star Bulk Carriers will round out the trio with a report of its own on May 19.
With each successive report, and each earnings beat (investors hope), excitement about the next report should grow, and stocks prices could rise along with that hope. Indeed, hopes are already pretty high. According to earnings estimates on Yahoo! Finance, analysts believe that 2021 will see both Safe Bulkers and Star Bulk reverse their year-ago losses and earn a profit. Danaos, which was already profitable in Q1 last year, could more than double its profits this time around, earning as much as $2.90 per share.
No wonder investors are excited.
https://www.fool.com/investing/2021/05/03/why-safe-bulkers-star-bulk-and-danaos-corporation/
Up $.50 with no news. Way undervalued!
Director - James G Robinson just picked up 38,000 shares. This was his first purchase in over a 1 1/2 years and he now owns 3,550,550 shares. He has done this many times and usually buys when it drops to around $2 or less. He is 85 years old now and God Bless he lives long enough to see this drug get FDA approval and come to market.
Moving up since earnings release.
Earnings expected next week. Good time to buy!
Slow climb back to $3.
Good news or bad? The clock is ticking!
Has Tops hit bottom yet?
Going down down down down down!
Strap in, this roller-coaster is out of control.
ANOTHER NICE DAY!
Big day. $3+ tomorrow?
6 month and full year financials by end of Feb...hopefully.
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).
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.”
It will be interesting to know if the Buyback actually happened and if so, how much was spent on it.
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).
Stock buyback ongoing!
BIG NEWS COMING IN Q1.
NDA - Ist quarter 2021, could it finally happen?
Big news coming soon?
The year is almost over and still no significant news!
What is taking so long???
NDA NDA NDA NDA ?
Even more dilution???
NEWS TODAY. GOOD, BAD OR SAME OLD SAME OLD.