TOPT

Hallo Peitschi
Hatte den auf der Watchliste. Wenn ich mich recht erinnere kaum der Tipp damals von Cybercrash. Konnte den Text nicht mehr finden.
TOPT hat die eigene Flotte verkauft und gleichteitig wieder geleased. Aus dem Erlös werden die Aktionäre entschädigt. Eine weitere spezialdiv. scheint fällig zu werden von 2.5$
Siehe www.nasdaq.com unter Co. News.
Ueberlege mir auch ein Einstieg. Heute nur minus 24% wegen ex. Div.
Gruss Rich
Habe leider keine $ cash mehr :cry: und wechseln will ich auf diesem $ nicht.

https://quotes.nasdaq.com/quote.dll?mode=stock&page=quick&symbol=topt&symbol =&sym bol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbo l=&symbol=&selected=topt

Hallo Lancelot
Ja, wenn ich es gewusst hätte, ich hätte es Euch mitgeteilt. :lol:
so bin i need....
Wenn das Wörtchen wenn nicht wär.
Gruss Rich

Jetzt werden den 2.50spezialdiv. ausbezahlt. Der Kurs fällt. Grund siehe unten: Keine reguläre Div. mehr.
Gruss Rich

TOP Tankers Announces Date of $2.50 Per Share Special Dividend Payment; Changes Dividend Policy



ATHENS, Greece, April 6 /PRNewswire-FirstCall/ -- TOP Tankers Inc (Nasdaq: TOPT) announced today the declaration of a special dividend of $2.50 per share. The dividend will be payable on April 25, 2006 to shareholders of record as of April 17, 2006.

The Company also announced that its Board of Directors has unanimously decided to discontinue the Company's policy of paying regular quarterly dividends. Declaration and payment of any future special dividends will remain subject to the discretion of the Company's Board of Directors and will be based on general market and other conditions including the Company's earnings, financial strength and cash requirements and availability.

About TOP Tankers Inc

TOP Tankers Inc is an international provider of worldwide seaborne crude oil and petroleum products transportation services. The Company operates a fleet of 27 tankers, consisting of 13 double-hull Suezmax tankers and 14 double-hull Handymax tankers, with a total carrying capacity of approximately 2.6 million dwt, of which 88.8% are sister ships. Nineteen of the Company's 27 tankers are on time charter contracts with an average term of over three years with all but two of the time charters including profit sharing agreements.

Heute ist die Div. von 2.50$ pro Aktie eingetroffen. Ohne Verr. Steuer Abzug. Bin trotzdem mit allem immer noch im minus. Bis jetzt hat sich die Transaktion nicht gelohnt...... kommt schon noch.
Gruss Rich

Liefert heute super Zahlen. Kurs plus 10%
Gruss Rich

TOP Tankers Reports First Quarter 2006 Financial Results



ATHENS, Greece, May 11 /PRNewswire-FirstCall/ -- TOP Tankers Inc (Nasdaq: TOPT) today announced its operating results for the first quarter ended March 31, 2006.

For the three months ended March 31, 2006, the Company reported net income of $30,404,000, or $1.06 per share, compared with net income of $19,121,000, or $0.69 per share, for the first quarter of 2005. The weighted average numbers of basic shares used in the computations were 28,099,212 and 27,830,990 for the first quarters of 2006 and 2005, respectively. The results for the first quarter of 2006 include net charges of $3,246,000, or $0.12 per share of special items(1) that affected the Company's net income for the first quarter of 2006 that are typically excluded by securities analysts in their published estimates of the Company's financial results, which are described in Appendix A of this release. For the three months ended March 31, 2006, operating income was $38,213,000, compared with $20,975,000 for the first quarter of 2005. EBITDA(1) for the first quarter of 2006 was $55,850,000, compared with $29,719,000 for the first quarter of 2005. Voyage revenues for the first quarter of 2006 were $101,746,000, compared to $47,291,000 recorded in the first quarter of 2005.

Evangelos J. Pistiolis, President and Chief Executive Officer of TOP Tankers Inc, commented, "The first quarter of 2006 was one of the most important periods in our history. Not only did we achieve our highest quarterly EPS of $1.06, but we also concluded a significant $550 million sale and leaseback transaction which has resulted in a significant return of $7.50 per share to our shareholders.

"We have entered into the seasonal lower period for the tanker market and are experiencing a correction in the crude spot rates. We intend to take advantage of the temporary slowdown and bring forward most scheduled dry-dockings for our Suezmaxes. As a result, we expect to enjoy the benefit of our full fleet's availability during the next winter period, which is traditionally the strongest period of the year.

"I also wish to inform our shareholders that I am currently involved in a project which involves the listing of a real estate fund on the Alternative Investment Market of the London Stock Exchange. It is envisioned that I will act as Chief Executive Officer of a private company that will manage that fund. I discussed my prospective involvement in this management company with our Board of Directors earlier in this year. Both the TOP Tankers Board and I are comfortable that my duties for the fund will not interfere with the continued performance of my duties for TOP Tankers.

"You probably have questions relating to the fund, but beyond telling you that this project does not involve a public offering in the United States, I am not able to give you any more details at this time due to regulations governing securities offerings both in London and in the United States."


The following key indicators serve to highlight changes in the financial
performance of the Company's fleet during the first quarters ended March 31,
2005 and 2006:

Suezmax Fleet
Three Months Ended March 31,
2005 2006 Change
(In U.S. Dollars unless
otherwise stated)
Total available ship days 416 1,170 181.3%
Total operating days 412 1,112 169.9%
Utilization 99.0% 95.0% -4.0%
TCE(2) per ship per day under
spot voyage charter 49,432 61,802 25.0%
TCE per ship per day under time
charter -- 39,108 --
Average TCE 49,432 52,741 6.7%
Vessel operating expenses per
ship per day 6,591 7,634 15.8%


Handymax Fleet
Three Months Ended March 31,
2005 2006 Change
(In U.S. Dollars unless
otherwise stated)
Total available ship days 917 1,260 37.4%
Total operating days 910 1,236 35.8%
Utilization 99.2% 98.1% -1.2%
TCE per ship per day under spot
voyage charter -- -- --
TCE per ship per day under time
charter 21,564 21,735 0.8%
Average TCE 21,564 21,735 0.8%
Vessel operating expenses per
ship per day 4,928 5,397 9.5%



Total Fleet*
Three Months Ended March 31,
2005 2006 Change
(In U.S. Dollars unless
otherwise stated)
Total available ship days 1,423 2,430 70.8%
Total operating days 1,401 2,348 67.6%
Utilization 98.5% 96.6% -1.9%
TCE per ship per day under spot
voyage charter 43,280 61,802 42.8%
TCE per ship per day under time
charter 21,532 26,326 22.3%
Average TCE 29,123 36,419 25.1%
Vessel operating expenses per
ship per day 5,682 6,474 13.9%
General and administrative
expenses per ship per day** 2,093 2,997 43.1%


* Total Fleet information includes data for one Handysize tanker
in 2005.
** The daily General and Administrative expenses include approximately $0
and $574 of non-cash restricted stock expense and $316 and $1,029 for
general compensation provision for the first quarter of 2005 and 2006,
respectively.



Fleet Report
As of March 31, 2006, the Company's fleet size was 27 vessels, or 2.6 million dwt (including 13 vessels sold and leased back for a period of 5 to 7 years) as compared to 18 vessels, or 1.3 million dwt on March 31, 2005. The changes in the Company's fleet during the first quarter of 2006 are as follows:

On March 9, 2006, the Company sold and leased-back the Handymax tankers M/T Faithful, M/T Spotless, M/T Vanguard and M/T Doubtless and the Suezmax tankers M/T Flawless, M/T Timeless, M/T Priceless and M/T Stopless for a period of five years, generating a gain of $46 million, which is amortized over the five year lease period.

Fleet Deployment

During the first quarter of 2006, the Company had approximately 72% of the fleet's operating days on long-term employment contracts. Nineteen of the Company's 27 tankers are on time charter contracts with an average term of over three years with all but two of the time charters including profit sharing agreements.

The Company has secured approximately 70% of the estimated operating days for 2006 under time charter contracts. At the same time, the eight Suezmaxes operating in the spot market, together with the profit sharing component of the time charter contracts, expose approximately 60% of the Company's estimated operating days for 2006 to spot rates, which may be potentially higher.

Suezmax Fleet:

During the first quarter of 2006, eight of the Company's Suezmax tankers operated in the spot market, earning on average $61,802 per vessel per day on a time charter equivalent (TCE) basis.

As of the date of this release, the Company's Suezmax fleet for the second quarter of 2006 has been fixed for employment as follows:

Spot: 53% of operating days at average daily TCE of $33,000

Total (Spot and time charter, including profit sharing): 64% of operating days at average daily TCE of $33,500.

Handymax Fleet:

All of the Company's Handymax tankers operate under long term employment agreements with Glencore and Vitol that provide for a base rate of charterhire and additional profit-sharing.

During the first quarter of 2006, including the profit-sharing allocated to the Company from these profit-sharing agreements, the Handymax fleet earned on average $21,735 per vessel per day on a time charter equivalent (TCE) basis.

As of the date of this release, the Company's Handymax fleet for the second quarter of 2006 has been fixed for 63% of its operating days at average daily TCE of $20,000.




The following table presents the Company's current fleet list and
employment:

Dwt Year Charter Expiry Daily Base Profit Sharing
Built Type Rate Above Base
Rate (2005)
13 Suezmax
Tankers
Timeless(C) 154,970 1991 Time Q2/2007 $28,000 100% first $7,000
Charter + 50% thereafter
Flawless(C) 154,970 1991 Time Q2/2007 $28,000 100% first $7,000
Charter + 50% thereafter
Stopless(C) 154,970 1991 Time Q2/2007 $28,000 100% first $7,000
Charter + 50% thereafter
Priceless(C) 154,970 1991 Spot
Faultless(B) 154,970 1992 Spot
Noiseless(B) 149,554 1992 Time Q2/2010 $37,000(1) None
Charter
Stainless(B) 149,599 1992 Spot
Endless(B) 135,915 1992 Time Q4/2008(A) $36,500 None
Charter
Limitless(B) 136,055 1993 Spot
Stormless 150,038 1993 Spot
Ellen P. 146,286 1996 Spot
Errorless 147,048 1993 Spot
Edgeless 147,048 1994 Spot


14 Handymax
Tankers
Victorious(B) 47,084 1991 Time Q3/2009 $14,500(2) 100% first $500
Charter + 50% thereafter
Sovereign(B) 47,084 1992 Time Q3/2009 $14,500(2) 100% first $500
Charter + 50% thereafter
Invincible(B) 47,084 1992 Time Q3/2009 $14,500(2) 100% first $500
Charter + 50% thereafter
Relentless(B) 47,084 1992 Time Q3/2009 $14,500(2) 100% first $500
Charter + 50% thereafter
Vanguard(C) 47,084 1992 Time Q1/2010 $13,250(3) 100% first $1,250
+ 50% thereafter
Restless(B) 47,084 1991 Time Q1/2010 $13,250(3) 100% first $1,250
Charter + 50% thereafter
Spotless(C) 47,094 1991 Time Q1/2010 $13,250(3) 100% first $1,250
+ 50% thereafter
Doubtless(C) 47,076 1991 Time Q1/2010 $13,250(3) 100% first $1,250
Charter + 50% thereafter
Faithful(C) 45,720 1992 Time Q1/2010 $13,250(3) 100% first $1,250
Charter + 50% thereafter
Topless 47,262 1998 Time Q2/2010 $16,250 100% first $1,000
Charter + 50% thereafter
Taintless 46,217 1999 Time Q1/2010 $16,250 100% first $1,000
Charter + 50% thereafter
Dauntless 46,168 1999 Time Q1/2010 $16,250 100% first $1,000
Charter + 50% thereafter
Soundless 46,185 1999 Time Q2/2010 $16,250 100% first $1,000
Charter + 50% thereafter
Ioannis P. 46,346 2003 Time Q4/2010 $18,000(4) 35% above
Charter base rate

Total
Tanker
DWT 2,590,965

A. Charterers have option to extend contract for an additional four-year
period
B. Vessels sold and leased back for a period of 7 years.
C. Vessels sold and leased back for a period of 5 years.

1. Base rate will change to $36,000 in Q2 2007 and $35,000 in Q2 2008
until expiration.
2. Base rate will change to $14,000 from Q3 2007 until expiration.
3. Base rate will change to $14,500, plus 50% thereafter, from Q1 2007
until expiration.
4. From Q3 2006 until expiration, base rate will remain the same with
100% profit sharing participation in the first $1,000 above base rate
and 50% thereafter.



Credit Facility
As of March 31, 2006, TOP Tankers had total indebtedness under senior secured credit facilities of $428 million with its lenders, the Royal Bank of Scotland ("RBS"), DVB Bank ("DVB") and HSH Nordbank ("HSH").

Since such date, we have repaid $121 million to RBS and DVB, in connection with the sale and leaseback of 5 Suezmax tankers affected in April 2006. As of the date of this release, the Company has total indebtedness of $308 million, provided by the RBS and HSH. Our remaining outstanding loans with RBS and HSH mature in 2015 and 2013, respectively.

As of March 31, 2006, the Company has two interest rate swap agreements with RBS and HSH for the amounts of $36.5 million and $45.0 million for a period of four and five years, respectively. Under these agreements the interest rate is fixed at an effective annual rate of 4.66% and 4.80%, respectively, in addition to the applicable margin. The interest rate for the remaining balance of the loans is LIBOR, plus the margin. On March 31, 2006, the Company's ratio of indebtedness to total capital was approximately 62.5%.

Dividend and Dividend Policy

The Company paid a quarterly dividend of $0.21 per share on January 23, 2006 to shareholders of record as of January 17, 2006.

The Company paid a special dividend of $5.00 per share on March 27, 2006, to shareholders of record as of March 22, 2006, following the completion of sale and leaseback of 8 vessels in March 2006.

The Company paid a special dividend of $2.50 per share on April 25, 2006 to shareholders of record as of April 17, 2006, following the completion of sale and leaseback of 5 vessels in April 2006.

In addition, on April 6, 2006, the Company announced that its Board of Directors has decided the change of dividend policy from quarterly and special dividend payments to special dividend payments. Declaration and payment of such dividends will be subject to the discretion of the Company's Board of Directors. The timing and amount of future dividend payments will be dependent upon the Company's earnings, financial condition, cash requirements and availability.

Conference Call and Webcast

TOP Tankers' management team will host a conference call to review the results and discuss other corporate news and its outlook on Thursday, May 11, 2006, at 11:00 AM EDT.

Participants should dial into the call 10-15 minutes before the scheduled time using the following numbers: 877 407 8033 (from the US and Canada) or +1 201 689 8033 (from outside the US and Canada). A live webcast of the conference call will also be accessible via the Internet at www.toptankers.com, or by going to www.vcall.com.

The telephonic replay of the conference call will be available by dialing 877 660 6853 (from the US and Canada) or +1 201 612 7415 (from outside the US and Canada) and by entering account number 286 and conference ID number 202258. An online archive will also be available immediately following the call at the sites noted above. Both are available for one week, through May 18, 2006.

About TOP Tankers Inc

TOP Tankers Inc is an international provider of worldwide seaborne crude oil and petroleum products transportation services. The Company operates a fleet of 27 tankers, consisting of 13 double-hull Suezmax tankers and 14 double-hull Handymax tankers, with a total carrying capacity of approximately 2.6 million dwt, of which 88.8% are sister ships. Nineteen of the Company's 27 tankers are on time charter contracts with an average term of over three years with all but two of the time charters including profit sharing agreements.

Forward-Looking Statements

Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in our records and other data available from third parties. Although TOP Tankers believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, TOP Tankers cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.

Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including changes in charterhire rates and vessel values, failure of a seller to deliver one or more vessels, failure of a buyer to accept delivery of a vessel, inability to procure acquisition financing, changes in demand for oil and petroleum products, the effect of changes in OPEC's petroleum production levels and worldwide oil consumption and storage, changes in demand that may affect attitudes of time charterers, scheduled and unscheduled drydocking, changes in our voyage and operating expenses, including bunker prices, dry- docking and insurance costs, changes in governmental rules and regulations including requirements for double-hull tankers or actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, potential disruption of shipping routes due to accidents and political events or acts by terrorists.

Risks and uncertainties are further described in reports filed by TOP Tankers with the US Securities and Exchange Commission, which are available in the SEC's "EDGAR" database on its website, www.sec.gov.

(1) See Appendix A to this release for information about special items and
reconciliation of EBITDA.

(2) Consistent with general practice in the tanker shipping industry, time
charter equivalent, or TCE, is a measure of the average daily revenue
performance of a vessel on a per voyage basis. Our method of
calculating TCE is consistent with industry standards and is determined
by dividing net voyage revenue by voyage days for the relevant time
period. Net voyage revenues are voyage revenues minus voyage expenses.
Voyage expenses primarily consist of port, canal and fuel costs that
are unique to a particular voyage, which would otherwise be paid by the
charterer under a time charter contract, as well as commissions.

Contact: Michael Mason (investors) Stamatis Tsantanis, CFO
Allen & Caron Inc TOP Tankers Inc
212 691 8087 011 30 210 697 8199
michaelm@allencaron.com snt@toptankers.com

TABLES FOLLOW



TOP TANKERS INC.

CONSOLIDATED STATEMENTS OF INCOME
(Expressed in thousands of U.S. Dollars -- except for share
and per share data)

Three Months Ended March 31,
2005 2006
(unaudited) (unaudited)
REVENUES:
Voyage revenues $47,291 $101,746
EXPENSES:
Voyage expenses 6,490 16,234
Charter hire expense -- 7,638
Vessel operating expenses 8,085 15,731
Depreciation and amortization 8,736 17,641
General and administrative expenses 2,979 7,282
Amortization of deferred gain on sale
of vessels -- (1,055)
Foreign currency losses 26 62
Operating income 20,975 38,213

OTHER INCOME (EXPENSES):
Interest and finance costs (2,510) (8,066)
Interest income 648 261
Other, net 8 (4)
Total other expenses, net (1,854) (7,809)

Net Income $19,121 $30,404

Earnings per share, basic and diluted $0.69 $1.06

Weighted average common shares outstanding,
basic and diluted 27,830,990 28,099,212



TOP TANKERS INC.

CONSOLIDATED BALANCE SHEETS
(Expressed in thousands of U.S. Dollars -- except
for share and per share data)

December 31, March 31,
2005 2006
(Unaudited)
ASSETS

CURRENT ASSETS:
Cash and cash equivalents $17,462 $24,857
Other current assets 50,112 50,541
Total current assets 67,574 75,398

FINANCIAL INSTRUMENTS 425 1,009
VESSELS, NET 886,754 643,924
OTHER NON-CURRENT ASSETS 26,144 46,497

Total assets $980,897 $766,828

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
Current portion of long-term debt $45,329 $136,117
Deferred income, current portion 2,451 11,701
Other current liabilities 30,814 25,585
Total current liabilities 78,594 173,403

LONG-TERM DEBT, net of current portion 518,774 288,491

DEFERRED INCOME, net of current portion 13,871 50,091

STOCKHOLDERS' EQUITY 369,658 254,843

Total liabilities and stockholders' equity $980,897 $766,828



TOP TANKERS INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS
(Expressed in thousands of U.S. Dollars)
Three Months Ended March 31,
2005 2006
(unaudited) (unaudited)
Cash Flows from (used in) Operating Activities:
Net income $19,121 $30,404
Adjustments to reconcile net income to net cash
provided by operating activities:
Depreciation and amortization 8,917 19,229
Stock-based compensation -- 1,396
Change in fair value of financial instruments -- (248)
Amortization of deferred income -- (1,055)
Change in operating assets and liabilities (7,652) (5,658)
Net Cash from Operating Activities 20,386 44,068

Cash Flows from (used in) Investing Activities:
Advances for vessels acquisitions (94,060) --
Acquisition of vessels (127,581) --
Net proceeds from sale of vessels -- 251,502
Other (85) (165)
Net Cash from (used in) Investing Activities (221,726) 251,337

Cash Flows from (used in) Financing Activities:
Proceeds from long-term debt 157,531 --
Payments of long-term debt (10,000) (140,996)
Payment of financing costs (2,703) (63)
Dividends paid (5,845) (146,951)
Net Cash from (used in) Financing Activities 138,983 (288,010)

Net increase (decrease) in cash and cash
equivalents (62,357) 7,395
Cash and cash equivalents at beginning of period 114,768 17,462
Cash and cash equivalents at end of period $52,411 $24,857

SUPPLEMENTAL CASH FLOW INFORMATION
Interest paid $3,370 $6,644



APPENDIX A -- SPECIFIC ITEMS AFFECTING NET INCOME AND RECONCILIATION OF
EBITDA

Set forth below are some of the significant items of income and expense that affected the Company's net income for the first quarter of 2006, all of which items are typically excluded by securities analysts in their published estimates of the Company's financial results:



(Expressed in thousands of U.S. Dollars -- except for share and
per share data)

Description Q1 2006
(Unaudited)
$ Per Share

Restricted share plan to officers and personnel 1,396 0.05
Bonus compensation provision to officers and personnel 2,500 0.09
Gain from termination of interest rate swap (650) (0.02)

Total 3,246 0.12

Specific items had no material effect in Company's net income for the
first quarter of 2005.



EBITDA RECONCILIATION(3)
(Expressed in Thousands of Three Months Ended March 31,
U.S Dollars) 2005 2006

NET INCOME 19,121 30,404

DEPRECIATION AND AMORTIZATION 8,736 17,641

INTEREST AND FINANCE COSTS, NET 1,862 7,805

EBITDA 29,719 55,850


(3) EBITDA represents earnings before interest, taxes, depreciation and
amortization. EBITDA does not represent and should not be considered
as an alternative to net income, as determined by GAAP, and our
calculation of EBITDA may not be comparable to that reported by other
companies.

SOURCE TOP Tankers Inc
-0- 05/11/2006
/CONTACT: Stamatis Tsantanis, CFO of TOP Tankers Inc,
011 30 210 697 8199, snt@toptankers.com; or Investors, Michael Mason of Allen
& Caron Inc, +1-212-691-8087, michaelm@allencaron.com, for TOP Tankers Inc
/Web site: https://www.vcall.com /
/Web site: https://www.sec.gov /
/Web site: https://www.toptankers.com /
(TOPT)

CO: TOP Tankers Inc
ST: Greece, New York
IN: OIL MAR
SU: ERN CCA

JS-LP
-- LATH030 --
4430 05/11/200607:35 EDThttps://www.prnewswire.com

Morgen kommen die Q-Zahlen von TOPT. Ob da schon jemand mehr weiss?
Gruss Rich

TOPT $ 6.72 0.42 6.67%

Habe noch diese Aktie im PF. Haben mal eine Sonderdiv. von 2.5$ ausbezahlt. Dann gings bergab, da sie bekanntgaben, dass in Zukunft keine regelmässige Div. mehr ausbezahlt wird. Seit Wochen stagnierte jetzt der Kurs. Heute über 6% im plus. Meldungen kann ich nirgendwo was finden. Manchmal ist die Börse ein Rätsel mit siehen Siegeln.
Gruss Rich