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Navios Maritime Acquisition(NNA.U)

 
123Jump Rating: - Short-Term Growth   Underwriters: J. P. Morgan & Co.
      Deutsche Bank Sec.
Status: Priced  
 
Address: 85 Akti Miaouli Street,
FiledDate: 06/17/2008
     
  Filed Price Range ($): $10.00
       
Telephone: 011-30-210-459500 Filed Offer Amount ($ Million): $253.00
       
Fax: Shares Offered (Millions): 22
       
Websites: www.navios.com Shares Outstanding (Millions): 27.5
       
Management: Angeliki Frangou, CEO
IPO Date: 06/26/2008
     
  Final Offer Price ($): $10.00
       
Industry: Miscellaneous Final Offer Size (Millions of Shares): 22.00
       
Employees: 2 Final Offer Amount ($ Million): $220.00
       
Competitors: S-1 Forms:
     
   
       
     
     
     
       
 
- Avoid        - Value Gap        - Short-Term Growth        - Long-Term Growth        - Long-Term Value

Company Links
Executives Products Services
Business Environment

Container vessels transport finished goods that are shipped in containers. A container is an internationally standardized packing box for transport of cargo by road, rail or sea. The different sizes of containers have been fixed by the International Organization of Standardization.

The world tanker fleet is divided into two primary categories, crude oil and product tankers. Tanker charterers of wet cargoes will typically charter the appropriate sized tanker based on the length of journey, cargo size and port and canal restrictions. Crude oil tankers are typically larger than product tankers.

LNG carriers transport liquefied natural gases, or LNG, internationally between liquefaction facilities and import terminals. After natural gas is transported by pipeline from production fields to a liquefaction facility, it is supercooled to a temperature of approximately negative 260 degrees Fahrenheit.

The LNG market includes private and state-controlled energy and utilities companies that generally operate captive fleets and independent ship owners and operators. Many major energy companies compete directly with independent owners by transporting LNG for third parties in addition to their own LNG. Given the complex, long-term nature of LNG projects, major energy companies historically have transported LNG through their captive fleets.

LPG carriers are vessels that can transport liquid petroleum and petrochemical gases, as well as ammonia. Liquid petroleum gases, or LPG, are produced as a byproduct of crude oil refining and natural gas production, and are used primarily as fuel for transportation, residential and commercial heating and cooking, and as a feedstock for the production of petrochemicals.

Drybulk vessels are used to transport commodities such as iron ore, minerals, grains, forest products, fertilizers, coking and steam coal. The drybulk shipping sector can be divided into four major vessel categories with reference to size.

Company Strategy
A blank check company organized under the laws of the Republic of the Marshall Islands on March 14, 2008.

Product/Services Portfolio
The Company intends to focus primarily on a target business in the marine transportation and logistics industries outside of the drybulk shipping sector including without limitation, tankers, liquefied natural gas, liquefied petroleum gas, containers and logistics sectors.

The Company may acquire assets directly or indirectly through the purchase of businesses. The Company may also acquire service businesses, including companies that provide technical or commercial management or other services to one or more segments of the marine transportation and logistics industries.

The Company will seek to acquire a business that operates within a sector that has strong fundamentals, looking at factors such as growth prospects, competitive dynamics, level of consolidation, need for capital investment and barriers to entry. The Company will seek to acquire a fundamentally strong business that may have been mismanaged or undermanaged.

The Company will seek to acquire a business that has the potential to improve profitability significantly either through improvement to the balance sheet, improvement to operations, or via adding new management. The Company may also seek to acquire a business that has the potential to generate strong and stable free cash flow.

The Company will search for a business with the potential to reduce operating expenses through, among other things, improved technical or commercial management, increased efficiencies from improved operations or asset mix, or via adoption of next generation technology

The Company will search for a business with opportunities to expand its businesses into related areas by, among other things, making strategic acquisitions in new businesses or adopting innovative marketing practices, repositioning itself to attract new customers, and optimizing global expansion opportunities.

Investment Analysis
The Company has neither engaged in any operations nor generated any revenues to date.

The Company will generate non-operating income in the form of interest income on cash and cash equivalents after the offering.

The Company expects its expenses to increase substantially after the completion of the private placement and the offering.

 

 


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