TRMA - Trico Marine Services Inc (NASDAQ:TRMA)

tmar
 

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sta affondando la flotta..??? -32%KO!
 
Trico names chairman, explores strategic options
4/27/2004 7:11:51 AM










NEW YORK, April 27 (Reuters) - Trico Marine Services Inc. (TMAR) on Tuesday named director Joseph Compofelice as its non-executive chairman and retained advisers to help explore strategic alternatives, including the sale of assets and restructuring debt.

The Houston-based shipping and energy-services company said it hired investment bank Lazard Freres & Co. as its financial adviser and Kirkland & Ellis LLP as legal adviser. Trico said it will consider restructuring $250 million of senior notes due 2012 and raising additional financing, among other options.

© Reuters 2004. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.



-24%

anche oggi


a 0,51 /0.54 l'entrata
 
*DJ Jefferies Cuts Trico Marine To Underperform >TMAR

*DJ Trico Names Non-Executive Chairman; Exploring Strategic Alternatives To Addr
 
Scritto da tremaui
*DJ Jefferies Cuts Trico Marine To Underperform >TMAR

*DJ Trico Names Non-Executive Chairman; Exploring Strategic Alternatives To Addr

ciao volpone....;)

ora siamo a 0.47


aspetto ......
 
Scritto da elias
ciao volpone....;)

ora siamo a 0.47


aspetto ......
ciao elias pinzette tutto è partito da questo......:) :)



DJ US Junk Bonds: Weaker With Tsys; Invista Deal Increased [DHLVJTY]


NEW YORK (Dow Jones)--More economic data pointing to a recovery has sent the
more interest rate sensitive segment of the high-yield bond market down again
Friday as Treasurys tumbled, traders said.
The movement in this part of the market - bonds with lower coupons and
relatively higher ratings within the junk bond universe - drove prices down
about one quarter to one half of a point or one quarter to one half of a cent on
the dollar, the traders said. Trading volume was average, they added.
The biggest mover of the day came from the lower-rated segment of the market,
however. Bonds of oil fields service business Trico Marine Services Inc. (TMAR)
fell about five points as investors drove the bonds down to trade at 45 cents on
the dollar, traders said. Its $250 million of 8 7/8% bonds due 2012 have been
under pressure since March when the company posted much weaker-than-expected
earnings, and Moody's Investors Service cut its rating to Caa3 from Caa2. It has
no other bonds outstanding.
Friday's largest new issue, a $675 million offering from DuPont Co. (DD)
textile unit Invista, was well-received, as it garnered $2 billion of interest
from investors, said a source familiar with the offering. The deal, via J.P.
Morgan and Credit Suisse First Boston, was increased in size to $675 million
from $575 million, and an expected euro tranche was scrapped due to such strong
demand for the dollar bonds.
Invista's bonds were priced at par with a 9.25% coupon, and they were rated B1
by Moody's and single-B-plus by Standard & Poor's. The bonds are up one and a
half points in secondary trading, bid at 101.5, traders said. The proceeds of
the offering will help finance Koch Industries Inc.'s (KOH.XX) leveraged buyout
of the unit.
Details emerged on LaBranche & Co.'s (LAB) planned offering of $460 million
of senior notes to fund its tender offer for its 9.5% bonds due 2004 and its 12%
bonds due 2007. It will sell one five-year tranche, noncallable for three years,
and one eight-year tranche, noncallable for four years via Credit Suisse First
Boston, according to MCM CorporateWatch.
The company extended the deadline for its tender offer to May 10, from May 3,
so that it's expiration will coincide with the pricing of its planned bond deal.
LaBranche and four other specialist firms aggreed in March to pay a total of
$241.8 million in fines and investor restitution to settle allegations of
improper trading made by the Securities and Exchange Commission and the New York
Stock Exchange. Nonetheless, the company posted strong earnings Friday,
particularly a 44% rise in net income in the first quarter.

-By Liz Rappaport, Dow Jones Newswires; 201-938-2087;
liz.rappaport@dowjones.com

(END) Dow Jones Newswires
23-04-04 2023GMT(AP-DJ-04-23-04 2023GMT)

(C) Dow Jones & Company, Inc. All rights reserved.

23apr04 20:23 GMT
 
:bye: profondo rosso cosa succede gli hanno affondato le navi
 

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nei fourm usa si parla di chapter 11:rolleyes:
 
Scritto da adolar
nei fourm usa si parla di chapter 11:rolleyes:
guarda che hanno 0.70$ di cash non credo che la fanno saltare per ora certo non è messa bene.....:)
 
Scritto da tremaui
guarda che hanno 0.70$ di cash non credo che la fanno saltare per ora certo non è messa bene.....:)
l'ho visto anch'io quel dato. Certo che ha chiuso in perdita e di non poco ;)
Net loss totaled $164.4M, up from $68M. Results reflect lower average day rates and utilization in the Gulf and the North Sea due to reduced offshore drilling activity and the inclusion of loss on assets held for sale and impairment of goodwill.
Visto che i problemi energetci non sono da poco a questi prezzi un pensierino si potrebbe fare. Dove si raccatta altrimenti?
 

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Scritto da tremaui
guarda che hanno 0.70$ di cash non credo che la fanno saltare per ora certo non è messa bene.....:)


infatti.....

ultimamente anche parlare di chapter 11 dopo batoste da -50%

ha sempre portato bene

sembra tenere la base 0.47 0.49
 
Scritto da elias
infatti.....

ultimamente anche parlare di chapter 11 dopo batoste da -50%

ha sempre portato bene

sembra tenere la base 0.47 0.49
prese 2000. :)
 
PRESS RELEASE: Trico Names Non-Executive Chairman; Exploring Strategic Alternati [DHNXXBX]

HOUSTON, April 27 /PRNewswire-FirstCall/ -- Accelerating its strategic goal
of reducing its total amount of outstanding indebtedness, Trico Marine Services,
Inc. (Nasdaq: TMAR) announced the appointment of Joseph Compofelice as
non-executive Chairman of the Board and the retention of Lazard Freres & Co. LLC
as financial advisor and Kirkland & Ellis LLP as legal advisor. This team will
assist the Company's management in exploring various alternatives including
selling assets, raising additional financing and restructuring the Company's
debt, including its $250 million Senior Notes due 2012.
Mr. Compofelice, a director of Trico since 2003, is chairman of the Company's
Audit Committee and has served as an executive of several public companies
including CEO of CompX International and CFO of Titanium Metals Corporation,
Baroid Corporation, NL Industries and Tremont LLC. Mr. Compofelice formerly
held management positions with Smith International, Inc. Ronald Palmer, formerly
Trico's executive Chairman, has decided to step down as an officer and director
of the Company, but will continue to provide services to Trico.
Lazard Freres & Co. LLC is the largest independent investment banking
partnership specializing in complex strategic and financial advisory
assignments. Services provided by Lazard Freres include merger and acquisition
advisory services, capital raising activities, valuation, debt and capital
structure analysis and restructuring plan formulation and negotiation.
Kirkland & Ellis' restructuring practice group provides a broad range of
business advisory services with extensive experience in U.S., U.K and
international insolvency matters.
Mr. Palmer stated, "We are clearly accelerating our efforts to meet Trico's
financial challenges. Joe Compofelice brings outstanding financial management
expertise and credibility to the Chairman's seat. His job will be to work with
all parties involved in the financial alternatives analysis while I will
continue to focus on meeting Trico's business objectives."

Trico Marine provides a broad range of marine support services to the oil and
gas industry, primarily in the Gulf of Mexico, the North Sea, Latin America, and
West Africa. The services provided by the Company's diversified fleet of
vessels include the marine transportation of drilling materials, supplies and
crews, and support for the construction, installation, maintenance and removal
of offshore facilities. Trico has principal offices in Houma, Louisiana, and
Houston, Texas. Visit our website at www.tricomarine.com.

Certain statements in this press release that are not historical fact may be
"forward-looking statements." Actual events may differ materially from those
projected in any forward-looking statement. There are a number of important
factors involving risks and uncertainties beyond the control of the Company that
could cause actual events to differ materially from those expressed or implied
by such statements. A description of risks and uncertainties attendant to Trico
Marine Services, Inc. and its industry and other factors, which could affect the
Company's financial results, are included in the Company's Securities and
Exchange Commission filings.

SOURCE Trico Marine Services, Inc.
/CONTACT: Trevor Turbidy of Trico Marine Services, Inc.,
+1-713-780-9926 /
/Web site: http://www.tricomarine.com /
(TMAR)


(END) Dow Jones Newswires
27-04-04 1109GMT(AP-DJ-04-27-04 1109GMT)
 
un insider ha comprato a fine marzo a 1,27:eek:
2004 Acord H K Buy 10,000 1.27 to 1.27 $12,700
 
Scritto da adolar
prese 2000. :)
..se passa .51 potrebbe riguadagnare molto prese poche anch'io stoppo sull'entrata e per sera le ridò indietro:) :)
 
commento sulla base del flottante che è passato di mano;)
FLOAT
by: barkerjamest
Long-Term Sentiment: Strong Buy 04/27/04 12:50 pm
Msg: 9783 of 9783

Float is 28 million shares. We have traded 25% of that so far. Half the float may trade hands today.

When that happens, buyers of 14 million new shares are in for a run. Weak money is shaken out. Once other that aren't up on the latest events find out, they will buy in as well.

We are at the bottom.
Still calling close above .60 today. .75 tomorrow.
 
Scritto da tremaui
..se passa .51 potrebbe riguadagnare molto prese poche anch'io stoppo sull'entrata e per sera le ridò indietro:) :)

sto aspettando i 0.47

up
 
Indietro