Workflow
Frontline(FRO)
icon
Search documents
Frontline Education Partners with Equifax® to Bring The Work Number® to ERP Clients in Texas and California
GlobeNewswire News Room· 2024-10-22 12:12
Wayne, Pa., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Frontline Education, a leading provider of administration software purpose-built for educators in K-12, today announced a new partnership with Equifax®, a global data, analytics, and technology company, to offer The Work Number®, a robust income and employment verification service, to its Enterprise Resource Planning (ERP) clients in Texas and California. The Work Number® provides ERP clients with more seamless access to income and employment verification servic ...
Gritstone bio Announces Interim Phase 2 Data for GRANITE Individualized Neoantigen Targeting Immunotherapy in Frontline Metastatic Microsatellite Stable Colorectal Cancer
GlobeNewswire News Room· 2024-09-30 20:05
--Encouraging progression-free survival data in overall population; continued follow-up needed to allow data to mature further, especially in low ctDNA subgroup where events accrue more slowly --21% relative risk reduction of progression or death with GRANITE vs. control in all treated population (HR=0.79 [95% CI, 0.42-1.50])-- -- 38% relative risk reduction of progression or death with GRANITE vs. control in low ctDNA subgroup (HR=0.62 [95% CI, 0.23-1.70]) -- -- Strength of neoantigen specific T cell respo ...
Frontline(FRO) - 2024 Q2 - Quarterly Report
2024-09-27 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the six months ended June 30, 2024 Commission File Number: 001-16601 FRONTLINE PLC (Translation of registrant's name into English) John Kennedy, 8 Iris Building, 7th Floor, Flat/Office 740B, 3106, Limassol (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual ...
Verizon Frontline supports public safety agencies during national political convention
GlobeNewswire News Room· 2024-09-12 16:00
CHICAGO, Sept. 12, 2024 (GLOBE NEWSWIRE) -- The Verizon Frontline Crisis Response Team recently completed a deployment in support of federal, state and local public safety agencies during the Democratic National Convention. The Verizon Frontline Crisis Response Team’s preparations for this high-profile event started more than 18 months ago and required close collaboration with dozens of federal, state and county agencies to help ensure first responders had the mission-critical communications capabilities th ...
Verizon Frontline, Milwaukee PD partner to help ensure public safety during major political event
GlobeNewswire News Room· 2024-09-12 16:00
MILWAUKEE, Sept. 12, 2024 (GLOBE NEWSWIRE) -- The Verizon Frontline Crisis Response Team recently completed a deployment in support of the Milwaukee Police Department, one of the lead agencies responsible for coordination of all public safety activity during the Republican National Convention. The Verizon Frontline Crisis Response Team’s preparations for this event started more than 18 months ago and required close collaboration with local, state and federal public safety agencies to identify the unique nee ...
Frontline: Large Fleet, Excellent Specs, And Attractive Yields
Seeking Alpha· 2024-09-12 05:51
Antony VelikagathuNote: I covered Frontline plc (NYSE:FRO) in January 2024. I prized the company’s large fleet, strong balance sheet, and reasonable valuation. At that time, tanker market fundamentals were supportive. The crude oil tanker order book was below 5%, and the number of ships older than 20 years was rising. On the other hand, tonne-mile demand was resilient due to the Red Sea crisis and stable oil demand. In conclusion, I gave FRO a Buy rating. In May, FRO’s share price reached $28.6/share, o ...
Frontline(FRO) - 2024 Q2 - Earnings Call Transcript
2024-08-30 15:47
Financial Data and Key Metrics Changes - Frontline reported a profit of $187.6 million or $0.84 per share for Q2 2024, with an adjusted profit of $138.2 million or $0.62 per share, comparable to Q1 2024 [5][6] - The TCE earnings decreased by $12.4 million due to the disposal of two VLCCs and two Suezmax tankers, offset by reduced operating expenses and increased interest income of $12.6 million [5][6] - Strong liquidity of $567 million in cash and cash equivalents was reported, with no newbuilding commitments and no significant debt maturities until 2027 [6][8] Business Line Data and Key Metrics Changes - TCE numbers for Q2 2024 were $49,600 per day for VLCCs, $45,600 for Suezmaxes, and $53,100 for LR2/Aframax fleets [4] - For Q3, 79% of VLCC days are booked at $47,400, 85% of Suezmax days at $49,900, and 65% of LR2/Aframax days at $50,100 [4] Market Data and Key Metrics Changes - 23% of the global fleet is involved in sanction trade, with 17% of the VLCC fleet under scrutiny [12][13] - Global oil demand is on track, with oil in transit rising and world inventories at historical lows [14][20] - The order book for VLCCs remains low, while Suezmax is medium low and LR2 is high, with no new orders in the last 1.5 months [21] Company Strategy and Development Direction - The company is focusing on optimizing capital structure through refinancing and divesting older vessels, having completed the sale of four vessels [7][8] - A two-tier market is developing, with a compliant market and a growing dark or grey fleet, which could create volatility [16][17] - The company anticipates a strong earnings capacity moving into the second half of the year, driven by seasonal demand increases [22] Management's Comments on Operating Environment and Future Outlook - Management noted geopolitical risks in the Middle East and the impact of sanctions on trade, but expressed optimism for the upcoming winter season [3][12] - The company expects oil consumption to increase by 1.5 million barrels from August to December, indicating a seasonal uptick in demand [19] - Concerns were raised about China's oil imports and the potential impact on global demand, but management remains hopeful for demand growth from other regions [30][31] Other Important Information - The average cash breakeven rates for the next 12 months are estimated at approximately $29,600 per day for VLCCs, $22,300 for Suezmaxes, and $21,200 for LR2s [9][10] - The company has a strong balance sheet with sensible leverage on its modern fleet, positioning it well for future opportunities [22] Q&A Session Summary Question: Are there any more big refinancings expected before 2027? - Management indicated that there are no material refinancings expected before 2027, with the divestiture of older vessels also completed [24][25] Question: What is driving the VLCC performance in Q3? - Management attributed the performance to the successful integration of a new fleet from Euronav and strategic booking practices [34][35] Question: How will the recent pullback in Libyan exports affect crude trade dynamics? - Management noted that while it may impact Aframaxes, VLCCs would likely see minimal effect as other sources could compensate for lost volumes [38][39] Question: What is the outlook for Iranian crude exports under increased scrutiny? - Management expressed skepticism about vessels returning to the compliant market, suggesting that the aging compliant fleet would continue to supply the grey market [42][43] Question: How does the company plan to utilize excess cash if the market improves? - Management stated that excess cash would be returned to investors unless a compelling investment opportunity arises [56]
Frontline(FRO) - 2024 Q2 - Earnings Call Presentation
2024-08-30 13:04
FRONTLINE Second Quarter Presentation August 2024 Forward Looking Statements MATTERS DISCUSSED IN THIS DOCUMENT MAY CONSTITUTE FORWARD-LOOKING STATEMENTS. THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 PROVIDES SAFE HARBOR PROTECTIONS FOR FORWARD-LOOKING STATEMENTS IN ORDER TO ENCOURAGE COMPANIES TO PROVIDE PROSPECTIVE INFORMATION ABOUT THEIR BUSINESS. FORWARD-LOOKING STATEMENTS INCLUDE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, FUTURE EVENTS OR PERFORMANCE, AND UNDERLYING ASSUMPTIONS ...
Frontline Plc's Stock And Fleet Are On The Upswing
Seeking Alpha· 2024-08-09 13:37
HeliRy Overview We have written articles about large and small, high seas, container or dry bulk marine shipping companies. This article features Frontline plc (FRO), a mid-sized international seaborne transportation company of crude oil and refined products with a $5B market cap. Analysts rate the stock as a buy-to-strong buy opportunity. Seeking Alpha’s Quant Rating has often characterized Frontline stock as a Strong Buy opportunity in 7 out of the last 11 months; otherwise, as in the past few weeks, ...
Aptose Reports Results for the Second Quarter 2024
GlobeNewswire News Room· 2024-08-08 21:06
TUS+VEN+HMA Triplet Protocol in Frontline Therapy for Newly Diagnosed AML was Reviewed by the FDA and Allowed to Proceed Abstract Supporting Exploration of the TUS+VEN+AZA Triplet in Frontline Therapy for Newly Diagnosed AML has been Submitted to the 2025 Annual Meeting of the American Society of Hematology (ASH) SAN DIEGO and TORONTO, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Aptose Biosciences Inc. (“Aptose” or the “Company”) (NASDAQ: APTO, TSX: APS), a clinical-stage precision oncology company developing highly ...