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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (37405)4/16/2010 10:05:52 AM
From: E_K_S  Read Replies (2) of 78534
 
RE: John Fredriksen

Did you realize that John Fredriksen and his operating companies owns over 42% of Ship Finance International Limited (SFL).

google.brand.edgar-online.com

Amount beneficially owned:

Frontline Ltd. - 73,383
Hemen Holding Limited - 18,128,177
Farahead Investment Inc. - 12,000,000
Farahead Holding Ltd. - 12,000,000
Greenwich Holding Ltd. - 30,128,177
John Fredriksen - 30,201,560

The stock continues to hit recovery highs. His ownership interests has grown over the last year as he has elected to take stock in place of cash for dividends earned during the period.

Stock has moved up recently in anticipation of a dividend increase back to previous levels ( from $1.20/year to $2.20/year) at least that is what I am speculating.

Company has moved up to one of my top five positions in my taxable account and No. 2 position in the IRA account. I did add shares to both accounts in 2009 but nearly not enough.

finance.yahoo.com

EKS
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