Avance Gas Holding (AVANCE) 🚢

TekBot · desember 16, 2019, 1:30pm

Avance Gas enter into contracts for two 91,000 CBM LPG dual fuel newbuildings with DSME

Bermuda, 16 December, 2019. Avance Gas Holding Ltd (OSE: Avance, or the
“Company”) today announces that it has entered into shipbuilding contracts for
two 91,000 CBM, LPG Dual-Fuel VLGCs with Daewoo Shipbuilding and Marine
…

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Engineering (DSME) in South Korea, for delivery Q4 2021 and Q1 2022.

The transaction enhances the green profile of the Avance Gas fleet while
increasing its competitiveness. The state of the art dual-fuel propulsion system
will significantly lower fuel consumption, reduce fuel costs and reduce
emissions compared to any VLGC on water.

The outlook for the freight market is healthy, supported by continued strong US
LPG exports and growing Asian demand. The price and payment terms are attractive
and we expect that the vessels will secure attractive financing in line with
their environmentally friendly profile.

Ulrik Uhrenfeldt Andersen, Chief Executive Officer of Avance Gas AS comments:

"Signing the contracts is a milestone for Avance Gas. The new vessels offer
larger intake, lower daily consumption and, naturally, the possibility of
burning LPG, which is much cheaper and cleaner than compliant fuel. Together,
these features translate into unrivalled levels of operational efficiency.

The investment also means we are delivering on our sustainability agenda. By
reducing SOx emission with 97-100%, particulate pollution with 90% and
significantly reduce CO(2) emissions compared to modern conventional VLGC
tonnage, we are taking the first steps towards a low-carbon future.

We have secured a very attractive price with a quality shipbuilder and the tail-
heavy payment structure and finance available to us means we maintain our
capacity to pay dividend, which remains top-priority and an integral part of our
strategy."

For further queries, please contact:

CEO Ulrik U. Andersen, Tel: +47 22 00 48 05, E-mail ulrik.andersen@avancegas.com
(mailto:ulrik.andersen@avancegas.com)

CFO Peder C. G. Simonsen, Tel: +47 22 00 48 15, E-mail: p.simonsen@avancegas.com
(mailto:p.simonsen@avancegas.com)

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
VLGC with two duel-fuel VLGCs on order.

For more information about Avance Gas, please visit: www.avancegas.com
(http://www.avancegas.com)

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

Kilde

Londonmannen · desember 16, 2019, 2:08pm

En melding markedet tydeligvis ikke likte.

zappa66 · desember 16, 2019, 2:24pm

Er vel kanskje denne de ikke helt fester lit til

stawk · desember 17, 2019, 2:51pm

Aksjer ut: BW Offshore, Scatec Solar og Fjordkraft

Aksjer inn: TGS, Avance Gas og Aker

Nimrod · desember 17, 2019, 5:57pm

Rød: $/d
Oransje: Omtrentlig B/E - $/dag (22k)
Grønn: Kurs AVANCE x 1000 for skalering

Ratene holder seg bemerkelseverdig sterke, vi er egentlig inne i det som tradisjonelt er en periode av året med lave rater. Var så vidt under 60k før de snudde opp igjen denne uka, forhåpentligvis tar de en tur mot 70k igjen. Om det holder seg så sterkt er det lov å drømme fritt om hva som skjer når vi kommer til april/mai som tradisjonelt er begynnelsen på en rateoppgang.

Futures er bra også, men vær obs på at dette er tall i USD/mt og ikke USD/d som vi ofte refererer til. Dagens Poten er f.eks 70.23 USD/mt, tilsvarende 62313 USD/d. Rateestimatene per dag varierer med hvilke tall som legges inn for seilingstid, lastekapasitet på skip etc. De nye skipene Avance bestiller er f.eks 91k CBM (større skip enn det som var standarden på nybygg for bare noen år siden), og for et slikt skip vil USD/d bli høyere enn for et mindre skip.

TekBot · januar 1, 2020, 12:26pm

Financial calendar

Investor · januar 6, 2020, 9:50pm

Synd det er så lenge til Q4-rapporten. Den blir sterk! Jeg har regnet litt på min utbytteforventning og tror på et utbytte på mellom 2,50 og 4 kr.

Andre synspunkter?

5mern · januar 14, 2020, 11:27am

Arctic: AVANCE: BUY! (Kopiert fra HO forum)

6x vessels scheduled for scrubber retrofitting in Q1
Today’s NAV in Avance is NOK52…by YE/20 we estimate a NAV of NOK74 only based on cash generation!
If we imply 2015 multiples of 4.5x EV/EBITDA and P/E 4.5x (last peak) share price in Avance would be somewhere in the range of NOK93-122!
All in cash break-even is $21.7!
Stock could double, buy!

Investor · januar 14, 2020, 11:23am

@5mern

Kom denne nå?

5mern · januar 14, 2020, 11:31am

Kom denne morningen vil jeg anta, lest den på 2 forum, XI og HO forum

TekBot · januar 14, 2020, 3:30pm

Contemplated sale of existing shares in Avance Gas Holding Ltd.

Oslo, 14 January 2020. Arctic Securities AS (the “Manager”) has been engaged by Sungas Holding Ltd. (the “Seller”) to explore the sale of up to 2,478,799 existing shares in Avance Gas Holding Ltd. (the “Company”), representing approximately 3.8 percent of the share capital and voting rights in the company (the “Transaction”). The Transaction is to be conducted by way of an accelerated bookbuilding process.

The bookbuilding process will commence immediately following the publication of this announcement and may be closed at short notice at the full discretion of the Manager. A further announcement will be made following pricing of the shares in the Transaction. The Seller reserves the right, at its own discretion, to sell fewer shares or no shares at all and to reduce or disregard any order for shares.
…

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Sungas Holding Ltd. is represented on the Board of Directors of the Company by Francois Sunier. Subject to completion of the Transaction, the Seller will enter into a customary 90 day lock-up agreement for any remaining shares.

Important Notice

The distribution of this announcement and the offer and sale of the shares in certain jurisdictions may be restricted by law. The shares may not be offered to the public in any jurisdiction in circumstances which would require the preparation or registration of any prospectus or offering document relating to the shares in such jurisdiction. No action has been taken by the Manager or any of its affiliates that would permit an offering of the shares or possession or distribution of this announcement or any other offering or publicity material relating to such securities in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This press release is for information purposes only and does not constitute or form a part of an offer to sell or a solicitation of an offer to purchase any security of the Company in the United States or in any other jurisdiction where such offer or solicitation is unlawful. The securities of the Company described in this press release have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or any applicable state or foreign securities laws and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act. There will be no public offering of securities in the United States.

Kilde

Dreamliner · januar 14, 2020, 8:13pm

Hva ble prisen?

TekBot · januar 15, 2020, 7:11am

Disclosure of shareholding and mandatory notification of trade

Further to the announcement published on 14 January 2020, Sungas Holding Ltd has sold 2,478,799 shares in Avance Gas Holding Ltd (the “Company” or “Avance”), representing 3.84 per cent of the share capital in the Company, at a price of NOK 53.50 per share. The shares were sold through an accelerated bookbuilding process managed by Arctic Securities AS (the “Manager”). After the transaction, Sungas Holding Ltd holds 3,000,000 shares in the Company, equal to 4.65 per cent of the share capital. The remaining shares will be subject to a customary 90 day lock-up agreement.

Sungas Holding Ltd. is represented on the Board of Directors of the Company by Francois Sunier.
…

Vis børsmeldingen

Important Notice

The distribution of this announcement and the offer and sale of the shares in certain jurisdictions may be restricted by law. The shares may not be offered to the public in any jurisdiction in circumstances which would require the preparation or registration of any prospectus or offering document relating to the shares in such jurisdiction. No action has been taken by the Manager or any of its affiliates that would permit an offering of the shares or possession or distribution of this announcement or any other offering or publicity material relating to such securities in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This press release is for information purposes only and does not constitute or form a part of an offer to sell or a solicitation of an offer to purchase any security of the Company in the United States or in any other jurisdiction where such offer or solicitation is unlawful. The securities of the Company described in this press release have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or any applicable state or foreign securities laws and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act. There will be no public offering of securities in the United States.

Kilde

Springer · januar 20, 2020, 1:54pm

Meget bra utvikling på både korte og lange rater. (Baltic) Aksjekursen virker ganske fristilt fra det fundamentale, men slik er OB. Det eneste som nytter da, er tålmodighet.

Investor · januar 27, 2020, 12:59pm

Fra PAS idag:

Raising estimates and target priceThe VLGC market has remained firm into 2020, and while Avance will have some downtime related to the scrubber retrofits we have still raised our estimates for both 2020 and 2021. The company ordered two dual-fuelled VLGCs at the end of last year but emphasized that this would not come at the expense of dividends. With a new EPS estimate of NOK 15 this year (up from NOK 8.8) we believe at least half of this will be paid out. We raise our target price to NOK 65 (60), equal to our YE’20 NAV. BUY reiterated

Custus · januar 31, 2020, 9:11am

Bra kursmål-justeringer fra DNB på ava og bwlpg, hhv 67 og 94, anslått direkteavkastning på over 20% for 2020E

TekBot · februar 18, 2020, 6:59am

Financial calendar

TekBot · februar 18, 2020, 7:00am

Avance Gas - Invitation to Earnings Release Audio Webcast for the Fourth Quarter of 2019

Bermuda, 18 February 2019 - Avance Gas Holding Ltd (OSE: “AVANCE”), will on
Thursday 27 February 2019 release its unaudited results for the fourth quarter
of 2019. In connection with the earnings release, an audio webcast and
…

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conference call will be held at 15:00 (CET).

The webcast can be accessed at Avance Gas’ website www.avancegas.com
(http://www.avancegas.com). Dial in details are +44 (0) 2071 928 000 (UK and
International), +1 631 510 7495 (US) or +47 23 96 02 64 (Norway). Please quote
the passcode: 1579384. Phone lines will open 10 minutes before the conference
call.

For further queries, please contact:

Peder C. G. Simonsen, CFO
Tel: +47 22 00 48 15
Email: p.simonsen@avancegas.com
(https://www.globenewswire.com/Tracker?data=IEnkmHy8R5jjn9Ni8wcaQ71vBh93BxAYZmg-
ZwUCjqXeVMwtspwKaUNMIZIm8Fmv775F93rwyMvFCpw1iSP7PtYMWVZuZIVBDG-V2vas-Fg=)

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
VLGC.

For more information about Avance Gas, please visit: www.avancegas.com
(http://www.avancegas.com)

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

Kilde

Investor · februar 19, 2020, 9:29pm

Oslo Børs’ billigste aksje?

Hvis årssnittet blir 60 000 USD/dag (vi er på 50+ nå i lavsesong), kan Avance tjene 27 kr per aksje med en utnyttelse på 95%. Det gir en P/E på latterlige 1,48! Slå den!

Sjakk · februar 20, 2020, 12:57pm

Ikke fult så optimistisk. Men 20% direkteavkastning slik det ser ut i lavsesongen. Herifra er det opp?

addit: og der var jeg pessimistisk så det holdt ser jeg.

Jeg hadde kjøpt på 56,50 bare for å sitte med noe safe mens resten gikk til helvete. Hadde som utgangspunkt at iran/irak eksploderte og ting gikk åt helvete med det der viruset. Og jeg var pessimist på ratene. (som rater på break even nå i disse tider)

Kjappe slag på kalkulatoren med ratesnitt på 50kUSD så fikk jeg rett i underkant av 20kr. Så da blir det mye mer AVANCE på meg i dag.

Jeg lurer nå faktisk på hva det er jeg har misforstått og hva LPG aksjene lider av for tiden. Dette er jo helt sinnsykt.

Hvis jeg har skjønt dette så er mye av propanforbruket hovedsaklig utenfor kina. Og går til oppvarming og matlaging, og propylen produksjon (og jeg antar videre til PP)

Grunnen til at ratene er så høye er ekstremt store lager av lpg i US, med tilsvarende lave priser. Kina har ikke kjøpt lpg fra US siden handelskrigens begynnelse. Arbitrasjen på gasspris i saudigulfen mot gasspris US tillater rater oppe i 100kUSD dagen. Ergo er frakten fortsatt “rimelig”

Så en god bekreftelse for meg vil da være bull guiding med ikke for mye trøbbel inn i Q1. Snittrater forventet å ligge over 50k for Q1 og utbytte på ca 0.35$+ (og det blir virkelig pent på konto når NOK visstnok er søppel mot våt trykksverte$)