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Avance Gas Holding (AVANCE) 🚢

avance_ol
Investeringer: #<Tag:0x00007fb714490e58>
#1

Starter en tråd om AVANCE GAS HLDGS L (AVANCE.OL) siden en del har den i favoritt-listen eller i porteføljen sin :slight_smile:

Avance Gas Holding Ltd, together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) worldwide. The company transports LPG from the Middle East and the US Gulf/US East Coast Gulf to destinations in Europe, South America, and Asia.

It operates through a fleet of 14 very large gas carriers. The company was founded in 2007 and is based in Oslo, Norway.

La oss starte diskusjonen! @Tesch @Hocki @feilinvesteringer @sjoske @Custus @SCM @NoBrain @Bighill @Gerimax007 @plorimer @dudleif @Argus @Keeper @DingBat @Divo @OceanVoyager @HHH @pdx

1 Like
#2

Dette er et wiki-innlegg som alle kan redigere for å lage en oversikt over alt man bør vite om denne investeringsmuligheten. Det hjelper nye og eksisterende medlemmer raskt forstå og ta stilling til en investering. Bruk Rediger-knappen nede til høyre for å legge til noe :slight_smile: Takk!

#3
#4

Er det problematisk at den økende LPG produksjonen i USA går til innenlandsk forbruk. Noen som vet driverne? Er det lpg fyrte trucker?

#5
#6

@pdx Foreslår at du endrer tittelen på tråden fra “Avance Gas Holdings I (AVANCE)” til “Avance Gas Holding (AVANCE)” :wink:

1 Like
#7

Avance Gas Holding Ltd - Invitation to Earnings Release Presentation and Audio Webcast for the Second Quarter and First Half of 2018

Avance Gas Holding Ltd operates in the global market for transportation of liquefied petroleum gas (LPG). The Company is one of the world’s leading owners and operators of very large gas carriers (VLGCs), operating a fleet of 14 modern VLGC.

For more information about Avance Gas, please visit: www.avancegas.com

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Avance Gas Holding Ltd via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20180821.GlobeNewswire.HUG2212123

#8

Avance Gas Holding Ltd- Reports Unaudited Results for the Second Quarter and First Half of 2018

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “anticipate”, “believe”, “continue”, “estimate”, “expect”, “intends”, “may”, “should”, “will” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although Avance Gas believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements.

The information, opinions and forward-looking statements contained in this announcement speak only as at its date and are subject to change without notice.

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Avance Gas - Q2 2018 Earnings release and interim financial statements


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Avance Gas Holding Ltd via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20180828.GlobeNewswire.HUG2212855

#9
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#12

Hver måned kårer jeg det jeg kaller Teksperter™ for noen av de mest populære investeringene våre :slight_smile:

Det er de 3 medlemmene som har fått flest likes på innleggene sine de siste 90 dagene. Teksperter™ får også en unikt merke på profilen sin og et trofé-ikon ved siden av navnet sitt. Du kan bli Tekspert™ i flere aksjer/investeringer, og troféet vil bare vises i tråder der du er Tekspert™.

Her er denne månedens Teksperter™ og det mest likte innlegget deres fra de siste 90 dagene:

  1. @NoBrain (1 likes)

Gratulerer!

#13

Avance Gas Holding Ltd - Grant of share options

Bermuda, 11 September 2018 - Avance Gas Holding Ltd (“Avance Gas” or the
“Company”) announces that the Board today has awarded 459 400 share options
under the 2018 Share Option Scheme, as previously disclosed. The following share
options were awarded to primary insiders:

  • Christian Andersen (President): 140 000 share options
  • Peder G. Simonsen (Chief Financial Officer): 70 000 share options

The share options will vest over a four-year period, with 25% vesting on the
first anniversary of the award date and on each subsequent anniversary date
thereafter. The share options are exercisable within a period of five years from
the date of vesting. The exercise price is NOK 18.09 per share, which will be
adjusted i.a. for any dividends distributed prior to exercise. Following the
award of the share options, a total of 1,518,200 share options remain
outstanding to the Company.

The total holding of the above-mentioned primary insiders subsequent to the
award are:

  • Christian Andersen: 454,000 share options

  • Peder G. Simonsen: 2,300 shares and 236,000 share options

For further queries, please contact: Peder C. G. Simonsen, CFO Tel: +47 22 00 48
15 / Email: [email protected] About Avance Gas Avance Gas operates in the
global market for transportation of liquefied petroleum gas (LPG). The Company
is one of the world’s leading owners and operators of very large gas carriers
(VLGCs), operating a fleet of fourteen modern VLGC ships.

Ekstern link: http://www.newsweb.no/index.jsp?messageId=459105

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20180911.OBI.20180911S13

#14

Sterke EIA tall på propan idag. Lagrene fortsetter å bygge samtidig med at man har høy eksport og produksjon.

https://www.eia.gov/petroleum/supply/weekly/

#15
#16

http://www.netfonds.no/quotes/release.php?id=20181105.GlobeNewswire.HUG2224080

#17

Avance Gas Holding Ltd Reports Unaudited Results for the Third Quarter and First Nine Months of 2018

BERMUDA, 8 November 2018 - Avance Gas Holding Ltd (OSE: AVANCE) today reported unaudited results for the third quarter and first nine months of 2018.

Freight rates strengthened in Q3 as higher US export and lower fleet growth balanced the market

The average time charter equivalent (TCE) rate for the fleet was $15,289/day, up from $7,711/day in Q2 2018.

TCE earnings for Q3 2018 were $19.1 million, up from $9.3 million in Q2 2018.

Daily operating expenses (OPEX) were $7,457/day, down from $7,967/day in Q2 2018. Year to date 2018 OPEX was $7,611/day.

A&G expenses were $1.3 million or $990/day in Q3 2018. Year to date 2018 A&G expenses are $967/day.

A net loss of $8.9 million in Q3 2018, compared with a net loss of $19.3 million in Q2 2018.

Avance Gas’ available liquidity at quarter end was $67.3 million, including available undrawn revolving credit facilities of $25 million.

Total liquidity at the date of this release was approximately $79 million.

74% of Q4 shipdays are fixed giving a TCE estimate at about $20,250/day. 

The Middle East is the most active export market of LPG exports on VLGCs. Traditionally Saudi Arabia was the largest exporter, but though growing LNG production from mid-2000 combined with increased petrochemical use of LPG in Saudi Arabia, resulted in Qatar and UAE becoming the largest exporters. Today Qatar and UAE each export about 10 million tons annually, Saudi Arabia 8-9 million tons and Kuwait 4-5 million tons. The Iranian export, which recent years has been 3-4 million tons annually is expected to fall significantly by early November with new US sanctions coming into force. The only independent quoted price for VLGC freight is the Baltic LPG1, which is based on Middle East loading.

In 2012, the US changed from a being a net importer of LPG to an exporter, and LPG exports on VLGCs has grown from 7 million tons in 2012 to 24 million tons in 2017. Today USA is the largest single LPG exporting country. There is no independent US based freight index, however, some shipbrokers quote the US freight market on a weekly basis.

The Baltic LPG1 was quoted at $35/ton as we entered into Q3 2018. By end-October, the LPG1 was quoted at $42/ton, after peaking at $49/ton mid-October. In Q1, the monthly average of VLGC liftings in Middle East was 62, increasing to 67 in Q2. The average VLGC liftings in Middle East in Q3 was 65.

Although the US is the single largest VLGC LPG exporter, the number of liftings is still below Middle East. The monthly average has grown from 27 cargoes in 2015 to 37 in 2016 and 45 cargoes in 2017. During Q1 2018, US exported average 46 monthly VLGC cargoes, growing to 48 in Q2 and 53 cargoes in Q3.

With a continued growth in US VLGC exports, the volatility in Middle East freight rates is higher than in US freight rates, however with a high correlation. The improved freight market from Q2 to Q3 2018 is explained by growth in both main export markets with a high percentage long-haul export from US.

By end September seven of ten newbuildings due in 2018 were delivered. One ship was sold for recycling during Q1, followed by another three ships Q2 and one ship Q3 2018. Two more ships have been delivered and one more ship sold for recycling in October. 

The full report and interim financial statements are attached to this press release.

For further queries, please contact:

 Christian Andersen, President
 Tel: +47 22 00 48 05
 Email: [email protected]
  
 Peder C. G. Simonsen, CFO
 Tel: +47 22 00 48 15
 Email: [email protected]
  

ABOUT AVANCE GAS

Avance Gas Holding Ltd operates in the global market for transportation of liquefied petroleum gas (LPG). The company is one of the world’s leading owners and operators of very large gas carriers (VLGCs), operating a fleet of 14 modern ships.

For more information about Avance Gas, please visit: www.avancegas.com.

FORWARD-LOOKING STATEMENTS

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “anticipate”, “believe”, “continue”, “estimate”, “expect”, “intends”, “may”, “should”, “will” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although Avance Gas believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements.

The information, opinions and forward-looking statements contained in this announcement speak only as at its date and are subject to change without notice.

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Avance Gas - Q3 2018 Earnings release and interim financial statements


This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Avance Gas Holding Ltd via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20181108.GlobeNewswire.HUG2224752

#18

https://seekingalpha.com/article/4220998-avance-gas-holding-ltd-avacf-q3-2018-results-earnings-call-transcript

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#20

https://www.hegnar.no/Nyheter/Boers-finans/2018/11/Analytiker-frykter-kursfall-anbefaler-salg8