Morten Bakke - American Shipping Chief Officer

ASCJF Stock  USD 2.48  0.12  5.08%   

Executive

Mr. Morten Bakke was appointed Chief Financial Officer of American Shipping Company ASA effective as of April 4, 2016. He has 13 years of corporate finance, shipping and offshore experience of which 10 years with DVB Corporationrationrate Finance. He was previously at Chartered Accountants Moore Stephens and Credit Suisse, both in London. Morten has advised multiple offshore, shipping and private equity firms on a variety of MA deals. He holds a MS degree in Shipping, Trade and Finance from Cass Business School and Bachelor of Arts in Business Studies from University of Greenwich. since 2016.
Tenure 8 years
Phone47 24 13 00 87
Webhttps://www.amscasa.com

American Shipping Management Efficiency

The company has return on total asset (ROA) of 0.0431 % which means that it generated a profit of $0.0431 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1229 %, meaning that it generated $0.1229 on every $100 dollars invested by stockholders. American Shipping's management efficiency ratios could be used to measure how well American Shipping manages its routine affairs as well as how well it operates its assets and liabilities.
American Shipping has accumulated 511.76 M in total debt with debt to equity ratio (D/E) of 3.59, implying the company greatly relies on financing operations through barrowing. American Shipping has a current ratio of 1.97, which is within standard range for the sector. Debt can assist American Shipping until it has trouble settling it off, either with new capital or with free cash flow. So, American Shipping'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 American Shipping sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for American to invest in growth at high rates of return. When we think about American Shipping's use of debt, we should always consider it together with cash and equity.

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AMSC ASA, through its subsidiaries, operates as a ship owning and lease finance company in the United States. AMSC ASA was incorporated in 2005 and is headquartered in Lysaker, Norway. American Shipping is traded on OTC Exchange in the United States. American Shipping [ASCJF] is traded as part of a regulated electronic over-the-counter service offered by the NASD.

Management Performance

American Shipping Leadership Team

Elected by the shareholders, the American Shipping's board of directors comprises two types of representatives: American Shipping inside directors who are chosen from within the company, and outside directors, selected externally and held independent of American. The board's role is to monitor American Shipping's management team and ensure that shareholders' interests are well served. American Shipping'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, American Shipping's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jeffrey Theisen, VP Fin
Scott Clapham, VP Devel
Leigh Jaros, Bus. Controller and Fin. Manager
Pal Magnussen, CEO and Pres
Morten Bakke, Chief Officer

American Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right otc stock is not an easy task. Is American Shipping 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.

Currently Active Assets on Macroaxis

Other Information on Investing in American OTC Stock

American Shipping financial ratios help investors to determine whether American OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in American with respect to the benefits of owning American Shipping security.