After recording its best first half of the year since 2008, Torm is in a good position to exploit opportunities but remains frustrated that its shares are still trading at a discount to its net asset value (NAV), according to its executive director.
Jacob Meldgaard told TradeWinds that Torm underestimated how difficult the second quarter would be.
"My biggest reflection is that the reality is often more extreme than what you think analytically could happen," he said.
