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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Frontline | LSE:FRO | London | Ordinary Share | BMG3682E1277 | ORD USD1.00 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 175.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 175.00 | GBX |
Frontline (FRO) Share Charts1 Year Frontline Chart |
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1 Month Frontline Chart |
Intraday Frontline Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 26/2/2013 | 18:11 | Frontier Rare Earths, trading on the Toronto exchange | 1 |
| 17/3/2012 | 09:16 | Is Frontline Overvalued At 2.8 Times 2001 Earnings? | 79 |
| 03/10/2004 | 14:19 | ...............@:.#'///'22.[0oiefj30rinv | 8 |
| 15/12/2002 | 19:20 | Is Chirac the most corrupt politician in the World. | 2 |
| 04/3/2002 | 23:10 | Is anybody there? | 18 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 17/3/2012 09:16 by steeplejack Speaking of consumers feeling pain at the pump, one potential beneficiary of persistently high oil prices looks to be tanker company Frontline (Nasdaq: FRO ) . Shares were up 23% today after the company acknowledged increased demand from China, while Bloomberg notes that rates for VLCC's rose a remarkable 87% in the Atlantic Basin, with the Suezmax not far behind at an 82% increase on thin supply. Although there is talk the rate jump is nothing more than a temporary blip, if the global economy is in real recovery than Frontline could be well positioned to take advantage. |
Posted at 25/5/2011 23:12 by harrybigdick Frontline Slumps to Seven-Year Low as Oil Tankers Lose MoneyMay 25, 2011 Frontline Ltd., the world's biggest operator of supertankers, slumped to a seven-year low in Oslo trading as the company said its ships operated at a loss in the first quarter and the next three months may be no different. The shares fell as much as 4.5 percent to 100.7 kroner, the lowest compared with intraday prices since May 2004, and were at that price as of 10:30 a.m. local time. The stock plunged 33 percent this year, valuing the Hamilton, Bermuda-based company at 7.86 billion kroner ($1.41 billion). Frontline said first-quarter net income fell 81 percent to $15.5 million, or 20 cents a share, better than the loss of $572,000 anticipated by the median of 10 analysts' estimates compiled by Bloomberg. The "weak trend" of the quarter will probably extend into the next period and the company may sell vessels, Frontline said in a statement on its website today. "They are retaining all the cash they can," said Erik Nikolai Stavseth, an analyst at Arctic Securities ASA in Oslo, who has a "sell" recommendation on the shares. "They are basically saying 'we are going to sit down and try to weather the storm'." Returns on supertankers that reached $177,036 a day in July 2008 were last at $8,900, according to the London-based Baltic Exchange, which publishes daily rates for more than 50 maritime routes. Frontline needs $29,700 to break even on its vessels. The surge in rates in 2007 and 2008 spurred owners to order more ships, on the eve of the worst global recession since World War II. Those vessels are now leaving shipyards, swelling the tanker fleet faster than demand. Tankers Unprofitable Oil tankers may be unprofitable for five more years before a glut that caused a 95 percent slump in returns since 2008 is eroded, Tor Olav Troeim, an alternate director at Frontline, told a conference in Oslo yesterday. Oil-tanker owners have responded to the slump in rates by cutting their speeds from an average of 10.8 knots in July 2008 to 8.8 knots now, according to ship-tracking data compiled by Bloomberg. There are more than 600 tankers anchored globally, up from about 350 three years ago, the data show. The glut will take time to erode because only 10 percent of the fleet is more than 15 years old, reducing the speed of demolitions, Troeim said in an interview after his speech in Oslo. By contrast, a quarter of the dry bulk fleet hauling coal and iron ore is more than 20 years old, he said. The slump in dry bulk shipping may be over in three years, Troeim said. Frontline earned an average of $28,600 a day for each of its very large crude carriers in the first quarter, down from $45,300 a year earlier, according to a presentation on the company's website. Returns on smaller suezmaxes averaged $17,300, compared with $31,800 a year earlier. The break-even rate for suezmaxes is $24,700, Frontline said. |
Posted at 18/6/2008 22:58 by clearsoup What a dead thread, what a great share! |
Posted at 15/2/2008 09:35 by pb10 FRO has held up well in the turmoil, dont you just love these divis! |
Posted at 10/10/2007 13:43 by pb10 $1.5 qtr divi + special $1.75 I love this share! |
Posted at 12/6/2007 16:14 by clearsoup Calling out....Am getting positioned for asset price bubble to burst. The question is: are VLCC rate-charts looking as bubbly as many other indicators? If not, is FRO a reasonable defensive holding? |
Posted at 15/8/2005 18:06 by dstanley Received this from Tobin Smith, an American tipster:Frontline operates a fleet that consists of 35 Suezmax tankers and 42 very large crude carriers (VLCCs). Its customers include oil companies, petroleum products traders, government agencies and various other entities. The company's Suezmax tankers are used for trading mainly in the Atlantic Basin, while its VLCCs transport crude oil from the Middle East Gulf to the Far East, northern Europe, the Caribbean and the Louisiana offshore oil port. The company also engages in the charter, purchase and sale of vessels. The complaint on FRO is that rates for very large tankers have come down from the record $100,000+ day rates of late last year. Well, rates HAVE come down, but at $30,000-$50,000 a day, the business is still hugely profitable -- especially for Frontline. Those $100,000 rates were unsustainable and represented a panic attack by oil importers spooked by the Chinese inventory build in the last half of 2004. Frontline is the highest profit margin oil shipper going, and its decision to restructure as an INCOME machine takes most of the risk out of owning the shares at these prices. Another reason to own Frontline now besides income is that the NYMEX started offering two futures contracts for shipping tankers/freight, and the move should be seen as a potential positive catalyst for oil shippers. Frontline will use their futures as a tool to hedge their shipping rates. (Who better to hedge the futures than the companies who operate in the space?) This hedging brings less volatility to the oil shipping business. DEMAND WILL REMAIN STRONG The idea that shipping volume is going to drop from here is baloney. If you followed Valero's conference call a few weeks ago, the oil refiner's management said they would need higher imports to meet growing demand. Also, Royal Dutch Shell recently revealed that it led all charters with 119 booked vessels that could carry 2 million barrels each from the Persian Gulf and Red Sea to U.S., Asia, and European refineries as increased output is necessary to fill growing global demand. (Do you see the pattern here?) The global exploration and production companies have been booking very large crude carriers in order to meet transportation needs ahead of seasonally strong second half of 2005. VLCCs like the ones operated by Frontline carry 47% of all oil transported by sea. Increased production has also kept demand strong. There will be new VLCCs coming into the shipping industry in 2006 and even more in 2007. But virtually an equal number of single-hull Suezmax ships will be removed due to international maritime regulations that are making them obsolete, and the VLCC fleet will still be the favored shipping method. Bottom line, I forecast $12-$14 in Frontline dividends annually as the company tries to pay 90% or so of all their net income to stockholders, which I love. We have seen the bottom here with $30,000 day rates -- but with FRO's $18,000-a-day cost structure, oil shipping is STILL very profitable for them. I see us recommending Frontline at least into next spring as the stock moves toward $50. Add in $8-$12 of dividends (85% of those tax free), and this is just too juicy an investment to pass up. Buy shares of Frontline under $45 to collect the gains from its tanker business AND the high dividends ahead. Has anyone an interest in these shares which are quoted £22-50/£25-50 on the LSE? |
Posted at 24/9/2003 19:47 by captain swing Reckon it's time to start watching the tankers again, for an entry point. The OPEC production cut will not be taken well, I guess.Hope I make a better fist of it than last time -- missed a rise in FRO from about $3.20 to $17! |
Posted at 11/6/2003 19:37 by captain swing Hi David. You can guess I feel pretty stupid missing out on FRO's latest moves (and OMM's). However I reckon the tanker business is still cyclical, there is probably an entry point about once a year and autumn seems to have provided them in recent times.Fredriksen seems able to sell and lease back a tanker or two when he needs cash. That is what he did last year (not omitting to pick up a lot of FRO for himself at under $4). It was all announced quite properly, a buying signal for anyone who cared to make use of it. On a similar theme OMM did a share placing just before its run through $4. Regarding the spread on FRO, I think the quote is fairly meaningless, I am not sure if anyone at all trades it in London. I use (owned by American Express) to trade in New York where spreads are fair and you get a range of stocks OMM FRO TK etc. Pat. |
Posted at 17/12/2002 22:19 by captain swing Got this off Tankerworld. Music to my eyes.Key Fixtures Tuesday, December 17, 2002, 14:33:04 GMT WORLD STANDARD TIME 17th December 2002 - A continuing shortage of suezmaxes in the Atlantic Basin for first half January stem dates has enabled owners to ramp rates up from W125 to W155 this week so far, taking t/c equivalent returns to well over $50,000 a day. The Knock Clune fixed 130,000 tonnes at W155 for West Africa to Philadelphia off 15/1 account Sun, while the British Hunter managed 135,000 tonnes at W155 from the North Sea Nigg Bay terminal to the US Gulf off 8/1 account ChevronTexaco. [Bill Box - Seatrends Web] 16th December 2002 - Tight availability of medium-sized tankers in the Middle East has prompted a particularly firm rate for the Alliance pool's Front Lillo which achieved W150 basis 135,000 tonnes off end December or early January dates for a voyage from the AG to the East. 'Market' fixtures have been being done in the W130s. [Bill Box - Seatrends Web] -------------------- Suppose you own 40 suezmaxes and they gross 50k a day, tum te tum, thats 2 million dollars a day... FRO breakeven is around 20k a day... net 1.2M a day, 110M a quarter, $1.50 per share per quarter... yup, FY $6.00 a share from a $9 share. And thats just the suezmaxes, FRO's fleet is actually over 70. I think t/c (time charter) equivalent allows for the time the tankers are empty on the way to pick up cargoes... not sure about that part. |
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