FRNT NO

Frontline 2012 LTD

Energy


Presented:07/09/2014
Price:NOK47.30
Cap:$1.52B
Current Price:NOK58.50
Cap:N/A

Presented

Date07/09/2014
PriceNOK47.30
Market Cap$1.52B
Ent Value$1.73B
P/E RatioN/A
Book ValueN/A
Div Yield0%
Shares O/S247.97M
Ave Daily Vol180,000
Short IntN/A

Current

PriceNOK58.50
Market CapN/A
Frontline 2012 Limited, a commodity shipping company, is engaged in the ownership and operation of tankers in Norway. The company owns a total of 10 crude oil tankers, including 6 very large crude carriers and 4 Suezmax tankers. It serves crude oil, petroleum product, drybulk, and liquefied petroleum gas markets. The company is based in Hamilton, Bermuda. Frontline 2012 Limited is a subsidiary of Hemen Holding Ltd.

Please note, Frontline Ltd (FRNT NS) merged into Frontline Ltd. (FRO) on 11/30/15 at 58.50.

Publicly traded companies mentioned herein: Frontline 2012 Ltd (FRNT NS), Knightsbridge Tankers Ltd (VLCCF), Scorpio Tankers Inc. (STNG), Ardmore Shipping Corp. (ASC), Frontline Limited (FRO).

Highlights

Frontline 2012 earlier this year agreed to combine its fleet of fuel efficient crude vessels with Knightsbridge (VLCCF), in the process creating the largest US listed Capesize vessel company. Knightsbridge has agreed to issue 62 million shares to Frontline 2012, half of which will be delivered in September of this year and the balance in March 2015. Post-deal, Frontline 2012 will own 10 crude tankers and 18 product ships, as well as 70% of Knightsbridge.

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Idea Discussion

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