Avance Gas Holding (AVANCE) 🚢

[Investor]

@5mern

Kom denne nå?

[5mern]

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

[TekBot]

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]

Hva ble prisen?

[TekBot]

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]

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]

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]

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

[TekBot]

Financial calendar

Financial calendar for Avance Gas Holding Ltd

FINANCIAL YEAR 2019
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02.04.2020 - Annual Report

27.02.2020 - Quarterly Report - Q4

FINANCIAL YEAR 2020

28.08.2020 - Half-yearly Report
30.04.2021 - Annual Report
20.11.2020 - Annual General Meeting

29.05.2020 - Quarterly Report - Q1
27.11.2020 - Quarterly Report - Q3
26.02.2021 - Quarterly Report - Q4

This information is published pursuant to the requirements set out in the Continuing obligations.

Kilde

[TekBot]

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]

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]

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$+ (og det blir virkelig pent på konto når NOK visstnok er søppel mot våt trykksverte$)

[Sjakk]

Det er lett å glemme; fra Q3 rapporten:

Approx. 88% of Q4 ship days have been fixed at an average rate exceeding $50,000/day.

og jeg har forstått dette med fixed så det skal forstås som en firm/lukket spot kontakt. Og ikke faste rater på skipene som mange misforstår. Det skulle bety at vi om ei uke får omtrent samme beskjed. 90% of Q1 shipdays fixed exceeding $50k/d. (kanskje tilogmed nær $55k)

[Londonmannen]

Det er tøffe tider, Baktus!
Ja, kursmessig kunne det vært langt bedre, ingen tvil om det. Men vi får sette vår lit til Q4 presentasjonen og at det på den kommer frem holdbar info som viser at markedet tar fullstendig feil om tingenes tilstand i Avance.

[Springer]

30 cent i utbytte.

[Sjakk]

Vilt bra. For en kontantstrøm. Ekstraordinære finansutgifter (nedbetaling av lån 35MUSD) trekker bunnlinja ned. 50% av resultatet går til utbytte. Direkte avkastning for Q4 nå før børsen åpner ca 7,5%. EPS 0,58USD !!!

Skjær i sjøen. Baljer på scrubber retrofit nå i lavsesongen og dyrere fuel. Så Q1 regner jeg med kommer inn lavere (som normalt) Spekulere i Q1 EPS 0,2-0,3 (fortsatt pent om vi får 50% utbytte)

[Londonmannen]

Dette var bra tall og et overraskende strort utbytte. Her er det bare å bukke og takke!

[TekBot]

Avance Gas Holding Ltd Reports Unaudited Results for the Fourth Quarter and Full Year of 2019

BERMUDA, 27 February 2020 - Avance Gas Holding Ltd (OSE: AVANCE) today reported
unaudited results for the fourth quarter and full year of 2019.

…

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HIGHLIGHTS

• The average time charter equivalent (TCE) rate was $51,358/day on discharge
  to discharge basis and $51,047/day on the basis of IFRS 15 accounting
  standard, compared to $44,295/day and $42,700/day respectively, in Q3 2019.
• The full year 2019 TCE rate on the basis of IFRS 15 accounting standard was
  $34,309/day, compared to $14,345/day in 2018. On a discharge to discharge
  basis, the rates was $35,220/day and $14,250/day, respectively.
• Daily operating expenses (OPEX) were $7,681/day, down from $8,089/day in Q3
  2019. Full year 2019 OPEX was $7,983/day, up from $7,755/day in 2018.
• A&G expenses were $1,200/day in Q4, up from $1,003/day in Q3 2019 due to
  non-recurring items. Full year 2019 A&G expenses were $1,083 and $974/day
  for full year 2018.
• In December, Avance signed agreements to acquire two dual 91,000 CBM dual
  fuel VLGCs with DSME, for delivery Q4 2021 and Q1 2022.
• In February the company entered into agreement with its bank group for a $15
  million tranche under the $515 million credit facility to part finance the
  scrubber installments for our fleet.
• The board has appointed Mr. Christian Fallesen as a director to fill a
  vacancy. Mr. Fallesen has extensive experience from the LPG industry and was
  until recently head of LPG for Petredec.
• The board declared a dividend of $0.30 per share for Q4 2019.

The strong freight markets continued in Q4, driven by strong US export volumes,
low fleet growth and fleet efficiency disruption relating to IMO 2020. US has
surpassed Middle East as the largest exporting region, both in Q4 and for full
year 2019.

US Gulf and USEC VLGC exports were 8.6 million tons in Q4 2019, up from 8.1
million tons in Q3 2019 and 7.1 million in Q4 2018. Although entering into a
seasonally slower period, the strong LPG production was sufficient to build
record inventories and maintain continued strong export volumes. The previously
announced Enterprise terminal expansion is expected to reach fully operation in
Q1 2020. Much of the seasonal upswing in domestic demand has been supplied from
volumes otherwise exported through the Marcus Hook LPG terminal. With the
expected seasonal reduction in domestic demand, normally from March, we expect
exports from the Marcus Hook terminal to rebound. US Gulf and USEC VLGC monthly
exports totaled an average of 62 cargoes in Q4, compared to 59 monthly cargoes
in both Q3 and full year 2019.

Middle East VLGC exports were 7.7 million tons in Q4 2019 with, down by 0.5
million tons from Q3 2019 and 0.2 million from Q2 2019. The OPEC production cuts
combined with remaining instability in the region continue to impact export
volumes. Average monthly cargoes exported was 59 in Q4, down from 62 in Q3 and
60 cargoes per month in 2019.

The global fleet totaled 288 ships by end January 2020. The orderbook consisted
of 37 ships, equaling 13%, of which 16 ships are due for delivery during the
remainder of 2020. Delays due to disruptions in the bunker markets and
drydocking of ships has reduced fleet efficiency in Q4 and we expect this to
continue.

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

PRESENTATION AND WEBCAST

Avance Gas will host an audio webcast and conference call to discuss the
company’s results for the period ended 31 December 2019 on Thursday, 27 February
2020, at 14:00 CET. There will be a Q&A session following the presentation. In
order to attend the webcast and/or conference call you may do one of the
following:

The presentation will be available via audio webcast, which can be accessed at
Avance Gas’ website www.avancegas.com (http://www.avancegas.com) or use the
following link: https://edge.media-server.com/mmc/p/fy5bpxya.

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

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
(http://www.avancegas.com).

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

Kilde

[Nimrod]

Meget oppløftende, kjekt å endelig få litt belønning for å ha vært tålmodig i denne aksjen.

[Springer]

Lurte til meg noen flere aksjer et sted på 34 tallet i dag. Det må jo være “penger på gata”.