George Konomos - Aegean Marine Independent Director
Director
Mr. George James Konomos is Independent Director of Aegean Marine Petroleum Network Inc. He has served as a member of our board of directors and as the chairman of our audit committee since November 2008. Mr. Konomos is also a member of our compensation and our nominating and corporate governance committee. Currently, Mr. Konomos is a Senior Advisor with Latigo Partners L.P., an alternative asset manager, which he joined in 2005. From 2000 to 2005, Mr. Konomos was the CoPortfolio Manager at MellonHBV Rediscovered Opportunities Fund. Mr. Konomos experience prior to joining MellonHBV includes 11 years as an Investment Manager at Baker Nye Investments, service as a senior advisor to the World Bank on privatizations and financial restructurings of stateowned companies and a 14year career in investment banking at Lehman Brothers and Samuel Montague Co. Mr. Konomos also served as a director of General Maritime until May 2012 since 2008.
| Age | 77 |
| Tenure | 16 years |
| Phone | 30 210 45 86 200 |
| Web | http://www.ampni.com |
Aegean Marine Management Efficiency
The company has Return on Asset of 0.84 % which means that on every $100 spent on assets, it made $0.84 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (5.02) %, meaning that it generated no profit with money invested by stockholders. Aegean Marine's management efficiency ratios could be used to measure how well Aegean Marine manages its routine affairs as well as how well it operates its assets and liabilities.The company has 1.01 B in debt with debt to equity (D/E) ratio of 174.4, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Aegean Marine Petroleum has a current ratio of 8.46, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Aegean Marine until it has trouble settling it off, either with new capital or with free cash flow. So, Aegean Marine's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Aegean Marine Petroleum sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Aegean to invest in growth at high rates of return. When we think about Aegean Marine's use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | -5.02 | |||
| Return On Asset | 0.84 |
Aegean Marine Petroleum Leadership Team
Elected by the shareholders, the Aegean Marine's board of directors comprises two types of representatives: Aegean Marine inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aegean. The board's role is to monitor Aegean Marine's management team and ensure that shareholders' interests are well served. Aegean Marine's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Aegean Marine's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Raymond Bartoszek, Independent Director | ||
| Donald Moore, Independent Director | ||
| Brian Moller, Non-Executive Chairman of the Board | ||
| Nikolas Tavlarios, CEO and Pres | ||
| Jonathan Mcilroy, President | ||
| Konstantinos Koutsomitopoulos, Independent Director | ||
| Gregory Robolakis, General Manager of Aegean Marine Petroleum S.A. | ||
| Jean Metey, Vice President and Head of Corporate Development | ||
| Priy Jayasuriya, CFO | ||
| Spyridon Fokas, General Counsel, Corporate Secretary and Director | ||
| Karl Schlobohm, Company Secretary | ||
| Tyler Baron, Independent Director | ||
| John Tavlarios, Director | ||
| John Bovard, Non-Executive Director | ||
| Peter Georgiopoulos, Chairman of the Board | ||
| Justin Yagerman, Senior Vice President - Investor Relations and Business Strategy | ||
| Yiannis Papanicolaou, Independent Director | ||
| Kostas Polydakis, Managing Director - Fleet Management | ||
| Pavlos Papageorgiou, CFO | ||
| Spyros Gianniotis, CFO | ||
| George Konomos, Independent Director | ||
| John Mystakidis, CFO | ||
| Richard Willson, Non-Executive Director | ||
| Apostolos Rizakos, Managing Director of Aegean Marine Petroleum S.A. | ||
| Dimitris Melisanidis, Founder and Head of Corporate Devel. | ||
| Manolis Chochlakis, Regional Manager – Americas and Caribbean and Managing Director of Operations | ||
| Peter Williams, CEO | ||
| David Gallagher, Director |
Aegean Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Aegean Marine a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -5.02 | |||
| Return On Asset | 0.84 | |||
| Profit Margin | (0.52) % | |||
| Operating Margin | 0.40 % | |||
| Current Valuation | 984.25 M | |||
| Shares Outstanding | 58.19 M | |||
| Shares Owned By Insiders | 62.40 % | |||
| Shares Owned By Institutions | 34.45 % | |||
| Number Of Shares Shorted | 6.22 M | |||
| Price To Earning | 6.88 X |
Pair Trading with Aegean Marine
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aegean Marine position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aegean Marine will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to News Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace News Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back News Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling News Corp A to buy it.
The correlation of News Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as News Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if News Corp A moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for News Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Other Consideration for investing in Aegean Stock
If you are still planning to invest in Aegean Marine Petroleum check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Aegean Marine's history and understand the potential risks before investing.
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