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Stock Market & Financial Investment News

News Breaks
December 11, 2012
09:30 EDTSFL, FROShip Finance to terminate twp remaining charter parties with Frontline
Ship Finance International (SFL) announced that it has agreed with a subsidiary of Frontline Ltd. (FRO) to terminate the charter parties for the two remaining 21-year old combination carriers Front Viewer and Front Guider. Frontline will make a net settlement payment to Ship Finance of approximately $23.5M as compensation for the early termination of the charters and the estimated loss of future cash sweep relating to the two vessels. The two vessels were previously employed on profitable sub-charters which have now been terminated early by Frontline against a cash settlement. The company has agreed to sell Front Viewer to an unrelated third party with expected delivery to the new owner in late December. Net proceeds from the sale is estimated to be approximately $9.1M. The last combination carrier, Front Guider, is expected to be sold in 1Q13, and will remain on charter to Frontline until a sale is concluded.
News For SFL;FRO From The Last 14 Days
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February 26, 2015
09:25 EDTFROOn The Fly: Pre-market Movers
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09:16 EDTFROFrontline sees imporved operating result in Q1
Frontline said: "The continued positive development in the crude tanker market into the first quarter is likely to give an improved operating result, excluding one time gains and losses, in the first quarter."
09:15 EDTFROFrontline confident in ability to repay convertible bond loan in April
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09:13 EDTFROFrontline reports Q4 EPS (12c), consensus (6c)
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08:55 EDTSFLShip Finance reports Q4 EPS 27c, consensus 38c
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February 20, 2015
10:01 EDTFROOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Advanced Drainage (WMS) initiated with an Outperform at Boenning & Scattergood... Arctic Cat (ACAT) initiated with a Hold at BB&T... Ardmore Shipping (ASC) initiated with an Accumulate at Global Hunter... Baltic Trading (BALT) initiated with a Speculative Buy at Global Hunter... Cash America (CSH) initiated with a Buy at Jefferies... Costamare (CMRE) initiated with an Accumulate at Global Hunter... DHT Holdings (DHT) initiated with a Buy at Global Hunter... Danaos (DAC) initiated with a Neutral at Global Hunter... Diana Containerships (DCIX) initiated with a Neutral at Global Hunter... Diana Shipping (DSX) initiated with a Neutral at Global Hunter... Euronav NV (EURN) initiated with a Buy at Global Hunter... Forest City (FCE.A) initiated with a Neutral at Citigroup... Fox Factory (FOXF) initiated with a Hold at BB&T... Frontline (FRO) initiated with an Accumulate at Global Hunter... Global Ship Lease (GSL) initiated with a Neutral at Global Hunter... GrubHub (GRUB) initiated with an Overweight at Barclays... Jazz Pharmaceuticals (JAZZ) initiated with an Outperform at BMO Capital... Kinder Morgan (KMI) reinstated with an Overweight at Barclays... Liberty Broadband (LBRDA) initiated with an Outperform at FBN Securities... Liberty Interactive (QVCA) initiated with a Sector Perform at FBN Securities... Liberty Media (LMCA) initiated with an Outperform at FBN Securities... MEI Pharma (MEIP) initiated with a Buy at BofA/Merrill... Navios Acquisition (NNA) initiated with a Buy at Global Hunter... Polaris Industries (PII) initiated with a Buy at BB&T... Raven (RAVN) initiated with an Equal Weight at Stephens... Scorpio Bulkers (SALT) initiated with a Speculative Buy at Global Hunter... Scorpio Tankers (STNG) initiated with an Accumulate at Global Hunter... Seaspan (SSW) initiated with a Neutral at Global Hunter... Star Bulk Carriers (SBLK) initiated with a Speculative Buy at Global Hunter... Tsakos Energy (TNP) initiated with a Buy at Global Hunter... U.S. Concrete (USCR) initiated with an Overweight at Stephens.
07:27 EDTFROFrontline initiated with an Accumulate at Global Hunter
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