TBS International (NASDAQ:TBSI) Ocean transport - 500 Beiträge pro Seite

[Amphibie]

Salt, sugar, and steel help make up what ocean freight transporter TBS International hopes will be a recipe for success. With a fleet of more than 30 vessels, TBS International carries cargo between Latin America and China, Japan, and South Korea and to ports in North America, Africa, and the Caribbean. TBS International is able to carry a wide variety of cargo, including coal, fertilizer, grain, salt, steel, and sugar, because the smaller size of its vessels -- 17,300 deadweight tons (dwt) to 45,500 dwt -- allows more flexibility. TBS International owns 25 of the vessels it uses and operates another 7 under charters with options to purchase. It charters another three without options to purchase.

[Heizkessel]

mit nem p/e von 3, knipps sehen die ja auf den ersten blick extrem billig aus, wo ist denn da der haken?

[Amphibie]

Business Description:
TBS International Limited. The Group's principal activity is to provide ocean transportation services. It provides worldwide shipping solutions through liner, parcel, bulk and vessel chartering services. The Group has developed franchise around key trade routes between Latin America and China, Japan and South Korea, as well as select ports in North America, Africa and the Caribbean. The fleet allows carrying a wide range of cargo, including steel products, metal concentrates, fertilizer, coal, salt, sugar, grain, chemicals, industrial goods and other general cargo. As of December 31, 2005, the Group's fleet totalled 37 vessels, including 24 ships which are owned, seven which are operated under charters with options to purchase and six that charter-in without options to purchase. The customers include Honeywell International, Dangote Industries and Nippon Yusen Kaisha. The Group operates in Brazil, Japan, Chile, Peru, Venezuela, United Arab Emirates and Others.

[Amphibie]

15 März 2006
TBS International quarterly income rises (7:31 PM ET) SAN FRANCISCO (MarketWatch) -- TBS International Ltd. (TBSI :

TBS International, Ltd.
Last: 6.29-0.03-0.47%
3:55pm 07/06/2006

TBSI6.29, -0.03, -0.5% ) after Wednesday's closing bell said fourth-quarter net income was $11 million, up from $8.47 million last year. Quarterly income available to shareholders was $11 million, or 39 cents a share, up from $5.65 million, or 27 cents a share, last year. The ocean transportation company said quarterly revenue was $67.6 million, up from $58.5 million last year.

[Amphibie]

-- The project sailings between China and Brazil commenced in February
2006 and will continue on a monthly basis until the end of the year
transporting a complete steel mill.

-- The Contract of Affreightment of salt between Brazil and Nigeria
commenced in January 2006 and will continue throughout 2006.

-- The Contract of Affreightment of 2 million tons of aggregates between
the United Arab Emirates and Qatar. It will commence beginning June 2006
and will be carried out over a 15 - 18 month period. The aggregates will
be used in the construction of commercial airplane runways at the new Doha
International Airport.

-- An additional contract of Affreightment for 6 million tons of
aggregates from the United Arab Emirates to Qatar under a three-year
agreement expected to commence in June 2006. This relates to the
construction boom in the Gulf area.

-- The joint venture we had announced linking South American and West
African markets commenced in April 2006. We believe that this route has
solid growth potential.

The Contracts of Affreightment we have entered into will generate increased and stable revenues for our company. Furthermore, they are expected to smooth the seasonality and exposure to market volatility of our bulk business.

Regarding our fleet development we have been following a 'business first, fleet second strategy,' expanding the size of our controlled fleet in response to the growth of our business, only after having successfully tested new business opportunities mainly through the use of vessels chartered-in.

In this context, the acquisition and delivery of the M.V. Aztec Maiden expands our controlled fleet to a total of 32 vessels. It will enable us to increase our sailings to the markets we serve and to provide additional services to our clients.

[Amphibie]

TBS International
Period Ending: 12/31/2005 12/31/2004 12/31/2003
Total Revenue $248,031 $208,807 $143,346
Net Income Applicable to
Common Shareholders $47,812 $41,907 ($2,791)

[Amphibie]

TBS controls a world-class fleet of dry cargo vessels, including flexible MULTIPURPOSE CARGO SHIPS with heavy lift capacity and BULK CARRIERS.

TWEENDECKERS
A significant portion of seaborne cargo cannot be efficiently transported on container ships or bulk carriers. TBS's multipurpose fleet - specifically designed to carry these kinds of cargoes - provides solutions that MAXIMIZE CAPACITY UTILIZATION on every voyage.

BULK CARRIERS
TBS draws upon its flexible and diverse fleet of bulk carriers to serve the growing demands of a spectrum of industries, meeting their worldwide needs for efficient transportation of bulk commodities on the high seas.

INDUSTRIAL SHIPPING
Industrial companies that lack onsite loading or discharging systems of their own will appreciate our SELF-LOADING and SELF-DISCHARGING capabilities, and our special expertise in handling challenging loading and discharging scenarios. We can also move MATERIALS FROM SITE TO SITE.

Whether you're shipping a full cargo of raw materials, or a few crateloads of specialty items as a part cargo, we have the right vessel for the job. And of course, every voyage includes a shipload of TBS services.

[Amphibie]

http://www.tbsship.com/


ASIA TO AMERICAS
TBS PACIFIC LINER — EASTBOUND
A regularly scheduled liner service from Asia to the West Coast of South America. Service regularly extends to the West Coast of Central America and the East Coast of South America, with connections to the East Coast of Central America and the Caribbean.

AMERICAS TO ASIA
TBS PACIFIC LINER — WESTBOUND
A high-frequency breakbulk parcel service from the West Coast of South America to Asia. Service regularly extends into and out of the West Coast of Central America and the Pacific Northwest.

CIRCUMNAVIGATING SOUTH AMERICA
TBS LATIN AMERICA LINER
Scheduled sailings between the ports of the East and West Coasts of South America. On its Westbound leg, this service also carries imports and exports to and from the North Coast of South America, the East Coast of Central America and the Caribbean. In addition, TBS Latin America Liner provides regular sailings from the Orinoco River, the North Coast of South America and the Caribbean to the West Coasts of Central and South America.

WITHIN THE AMERICAS
TBS NORTH AMERICA LINER
Operates regular sailings from the East Coast of South America to the US/Mexican Gulf and US East Coast; from the US Gulf to the Caribbean and back; and from the West Coast of South America to the US/Mexican Gulf and US East Coast.

MIDDLE EAST GULF
TBS MIDDLE EAST CARRIERS
A high-frequency bulk service within the Middle East region with regular service from ports in UAE to ports in Kuwait and Qatar. Service include self-load, self-discharge capabilities on handymax bulk carriers.

GLOBAL COVERAGE
TBS OCEAN CARRIERS
In addition to our full schedule of liner services, TBS offers SHIPPING SOLUTIONS WORLDWIDE on a customer-by-customer basis. You tell us where you want to go; we'll provide a comprehensive, single-source solution that delivers your cargo on time, and on budget, safe and sound.

SOUTH AMERICA TO WEST AFRICA
GMTBS AFRICA LINE ([e-mail])
A regular semi-liner/breakbulk parcel service from the North and East Coast of South America to West Africa. Service regularly extends from Brazil and Argentina to Abidjan/Ivory Coast, Tema/Ghana, Tincan Island (Lagos)/Nigeria and Douala/Cameroon. Other West African ports such as Dakar/Senegal, Lome/Togo, Cotonou/Benin, Port-Gentil/Gabon, Pointe-Noire/Congo and Luanda-Lobito-Namibe/Angola are serviced on inducement basis.

[dosto]

wo ist denn da der haken?

Basic EPS from Continuing Ops. 0.26 0.37 0.44 0.62

unter anderem da oben, sinkende Gewinne per Shares

und 2005 hat sich das Management extrem an Aktien verdient,
da sie ihre Optionen auf den Markt geschleudert haben.

Weiters könnte die kleine, auch schiffmäßig, kleine Flotte sein.
Mit dem Schuldenstand bin ich mir nicht ganz im klaren, so-la-la.
Aber keine Dividende für die Aktionäre, das geht bei Schiffstransportern nicht, da muß was rüberkommen,
die Schiffe werden ja nicht schöner-oder?

[Amphibie]

#9
Und hier die Antwort
5.07.2006
Author: drimud
Bought shares 20060505 at $6.20. Earnings out 200605010 after market. Conference call next day. A dry bulk shipping company with an msn stock scouter rating of 4.
< EOM >

[Amphibie]

TBS Logistics provides state-of-the-art, fully-integrated CARGO AND TRANSPORT MANAGEMENT, including:

* Port services
* Terminal operations
* Trucking
* Barging
* Warehousing
* Distribution
* Inland pick-up and delivery
* Documentation

[dosto]

Antwort auf Beitrag Nr.: 23.273.744 von Amphibie am 01.08.06 20:45:54

geht das deutlicher, ich kann das nicht deuten.

[Amphibie]

TBS International Ltd. (TBSI)
© quotemedia.com
Last Price 6.35
Change 0.22
Day High 6.44
Bid 6.30
Ask 6.35
Dividend N/A

Last Trade 1:59
% Change 3.59%
Day Low 6.06
Bid Size 500
AskSize 200
Ex-Div Date N/A

Tick
Open 6.14
52 Wk Hi 12.94
EPS(TTM) 1.62
Shares 27.69 m
Yield N/A

Volume 147.57 k
Prev Close 6.13
52 Wk Low 5.26
PE Ratio 3.80
Market Cap 175.86 m
Exchange NSD
08/02/06 6.14 6.44 6.06 6.35 +0.22 146571 +3.59%
08/01/06 6.00 6.14 6.00 6.13 +0.18 18900 +3.03%
07/31/06 5.97 5.99 5.95 5.95 -0.04 12000 -0.67%
07/28/06 5.98 6.02 5.98 5.99 -0.01 8400 -0.17%
07/27/06 6.00 6.03 6.00 6.00 +0.04 12600 +0.67%

-- Period -- -- High -- -- Low --
5-Day 6.44 on 08/02/06 5.95 on 07/26/06
20-Day 6.44 on 08/02/06 5.70 on 07/13/06
65-Day 6.47 on 06/21/06 5.26 on 06/14/06
100-Day 7.79 on 03/16/06 5.26 on 06/14/06
260-Day 12.94 on 08/11/05 5.26 on 06/14/06
Year to Date 8.15 on 03/06/06 5.26 on 06/14/06

For The Last Made New High Percent From Made New Low Percent From
5 days 2 time(s) -0.16% 1 time(s) +3.03%
20 days 1 time(s) -4.37% 5 time(s) +7.54%
65 days 4 time(s) -5.26% 5 time(s) +16.54%
100 days 2 time(s) -21.31% 13 time(s) +16.54%
260 days 5 time(s) -52.63% 21 time(s) +16.54%
Year to Date 6 time(s) -24.79% 9 time(s) +16.54%

[Amphibie]

TBS International
Second Quarter 2006 Results:

For the second quarter ended June 30, 2006, total revenues were $59.0 million, a decrease of 2.5% from the $60.5 million in the second quarter of 2005. Net income for the second quarter 2006 was $6.4 million, a decrease of 53.6% compared to $13.8 million in the same period of 2005. EBITDA, which is a non-GAAP measure, was $15.8 million for the second quarter 2006, a decrease of 19.8% from $19.7 million for the same period in 2005. Please see later in this press release for a reconciliation of EBITDA to net income.

Earnings per share on a diluted basis for the second quarter 2006, calculated on 28,088,310 weighted average common shares outstanding, were $0.23. During the second quarter of 2006, TBS International incurred $1.1 million in consulting fees dealing with the re-engineering of certain of our business processes to better meet the company's business needs as it grows. Excluding this charge, earnings per share for the second quarter 2006 would have been $0.27.

An average of 33 vessels (excluding off-hire) were operated during the second quarter of 2006 compared to 27 vessels (excluding off-hire) during the second quarter of 2005.

The total revenues of $59.0 million during the second quarter 2006 include voyage revenues of $43.8 million, time charter revenues of $14.8 million and other revenues of $0.4 million.

[Amphibie]

In the conference call the CEO said that the liquidation value of the 32 ships in their fleet is approximately 50% over book value of $192 million. This equals a liquidation value of around $10.35 per share!

Anyone see a reason not to buy this stock at $6?


Sentiment : Strong Buy