<<TMAR: RAYMOND JAMES decreased estimate for fiscal year ending
12/98 from $2.10 to $1.45 on 07/24/98
TMAR: RAYMOND JAMES decreased estimate for fiscal year ending
12/99 from $2.25 to $0.90 on 07/24/98 >>
what a dink. during the cc they basically rebutted this. Trico has already made $1.04 during the first six months. next quarter with day rates averaging around $7000 they'll make another $.52; i.e., $23 million from supply boats (37 boats revenue positive), $21 million from Anchor Handling, $2.7 million from lift boats and $3.7 million from crew handing, total revenue = $51.40 million, decreased debt, earnings at least $.52).
then in the 4th quarter with day rates at about $6100 average for supply boats in the gulf you come up with about $.51, i.e. $21.4 million from supply boats (39 boats revenue positive), $21 million from Anchor Handling, $3.6 million from lift boats (6 boats operational in the 4th according to cc) and $3.7 million from crew handing, total revenue = $49.70 million, decreased debt service and taxes, earnings at least $.51).
So you have $1.04 plus $1.03 which is $2.07. there is currently nothing relative to new builds entering the north sea which would cause day rates for the reaminder of the year to drop from the $15K average
then hopefully, if oil prices begin to strengthen as they are supposed to, you have a $20 stock again. |
