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TORM A/S Message Board

  • mikecline3 mikecline3 Nov 9, 2012 2:47 PM Flag

    they say book is 2.7

    holding

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    • "Book equity amounted to USD 358 million as at 30 September 2012, equivalent to USD 5.2 per share (excluding treasury shares), giving TORM an equity ratio of 14%."
      I get $4.90 based on share count and equity figures listed at the bottom of the press release. It may be moot, considering they plan to lose a buck a share per quarter for as far as the eye can see. Their borrowing line is almost depleted too. Does "cash flow positive" really mean they can stay in business? At these prices, and given the thin trading, I may just have to tough it out to find out. GLTA.

      Sentiment: Hold