Avance Gas Holding (AVANCE) 🚢

[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”.

[TekBot]

AVANCE GAS HOLDING LTD - DISCLOSURE OF TRADE

Hemen Holding Limited (“Hemen”), which is indirectly
controlled by trusts established by Mr. John
Fredriksen for the benefit of his immediate family,
…

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has on 02 March 2020 acquired 690,000 shares in
Avance Gas Holding (OSE: AVANCE) at a price of NOK
40.0665 per share. Following the acquisition, Hemen
holds 13,270,568 shares in Avance, equalling 20.57% of
the shares and votes in Avance. In addition, Frontline Ltd, a company in which Hemen holds approximately 40.0% of the shares, owns a total of 442,384 shares in Avance, resulting in an aggregate holding of 13,712,952 shares equalling 21.25% of the shares and
votes in Avance. The foregoing calculations are made
based on 64,527,972 outstanding shares.

This disclosure is made pursuant to sections 4-2 and
4-3 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

AVANCE GAS HOLDING LTD - DISCLOSURE OF TRADE

Hemen Holding Limited (“Hemen”), which is indirectly
controlled by trusts established by Mr. John
Fredriksen for the benefit of his immediate family,
…

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has on 6 March 2020 acquired 500,000 shares in
Avance Gas Holding (OSE: AVANCE) at a price of NOK
33.159 per share. Following the acquisition, Hemen
holds 13,770,568 shares in Avance, equalling 21.34% of
the shares and votes in Avance. In addition, Frontline Ltd,
a company in which Hemen holds approximately 40.0% of the shares,
owns a total of 442,384 shares in Avance, resulting in an aggregate
holding of 14,212,952 shares equalling 22.03% of the shares and
votes in Avance. The foregoing calculations are made
based on 64,527,972 outstanding shares.

This disclosure is made pursuant to section 4-2 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

Major Shareholding Disclosure

On behalf of JPMorgan Asset Management Holdings Inc. (“JPMAMHI”) and its subsidiaries, JPMAMHI hereby notifies you that it no longer has a notifiable interest in Avance Gas Holding Ltd (“the Company”), as detailed in the attached Schedule.

Avance Gas Holding Ltd
…

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JPMorgan Asset Management Holdings Inc. (“JPMAMHI”) no longer has a notifiable interest in the share capital of Avance Gas Holding Ltd as a result of trades by its subsidiary JPMorgan Asset Management (UK) Limited. The total number of shares held by JPMAMHI on 06 March 2020 was 2,729,650 being 4.230% of the issued share capital and voting rights of the company. The equity holding in JPMAMHI crossed the notification threshold of 5% on 06 March 2020.

Breakdown of holdings by JPMorgan Asset Management (UK) Limited
Number of shares held: 2,729,650 (4.230%)

Trades by JPMorgan Asset Management (UK) Limited
Shares sold: 745,435

CHAIN OF CONTROLLED UNDERTAKINGS

Relationship of JPMorgan Asset Management Holdings Inc. to subsidiaries involved in the disclosure

1. The following hierarchy shows the relationship between JPMorgan Asset Management Holdings Inc. and its subsidiary JPMorgan Asset Management (UK) Limited

JPMorgan Asset Management Holdings Inc.
JPMorgan Asset Management International Limited (100%)
JPMorgan Asset Management Holdings (UK) Limited (100%)
JPMorgan Asset Management (UK) Limited (100%)

Kilde

[TekBot]

AVANCE GAS HOLDING LTD - DISCLOSURE OF TRADE

Hemen Holding Limited (“Hemen”), which is indirectly
controlled by trusts established by Mr. John
Fredriksen for the benefit of his immediate family,
…

Vis børsmeldingen

has on 9 March 2020 acquired 550,000 shares in
Avance Gas Holding (OSE: AVANCE) at a price of NOK
27.4602 per share. Following the acquisition, Hemen
holds 14,320,568 shares in Avance, equalling 22.19% of
the shares and votes in Avance. In addition, Frontline Ltd,
a company in which Hemen holds approximately 40.0% of the shares,
owns a total of 442,384 shares in Avance, resulting in an aggregate
holding of 14,762,952 shares equalling 22.88% of the shares and
votes in Avance. The foregoing calculations are made
based on 64,527,972 outstanding shares.

This disclosure is made pursuant to section 4-2 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

AVANCE GAS HOLDING LTD - DISCLOSURE OF TRADE

Hemen Holding Limited (“Hemen”), which is indirectly controlled by trusts established by Mr. John Fredriksen for the benefit of his immediate family, has on 10 March 2020 acquired 575,000 shares in Avance Gas Holding (OSE: AVANCE) at a price of NOK 28.3162 per share. Following the acquisition, Hemen holds 14,895,568 shares in Avance, equalling 23.08% of the shares and votes in Avance. In addition, Frontline Ltd, a company in which Hemen holds approximately 40.0% of the shares, owns a total of 442,384 shares in Avance, resulting in an aggregate holding of 15,337,952 shares equalling 23.77% of the shares and votes in Avance. The foregoing calculations are made based on 64,527,972 outstanding shares. This disclosure is made pursuant to section 4-2 of the Norwegian Securities Trading Act.
…

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Kilde

[TekBot]

Ex dividend USD 0.30 today

The shares in Avance Gas Holding Ltd will be traded ex dividend USD 0.30 as from today, 11.03.2020.
…

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Kilde

[Springer]

Alt av shipping skal visst ned i dag. Uvisst hvorfor.
Baltic LPG rates rapporterer litt opp i dag, og er opp siste uke.
Snart kommer 30cent fra Q4.
Med dagens rater vil de sannsynligvis kunne betale ut det samme i Q1 og Q2 også, såfremt de ikke beholder mer i “krigskassa”
Dagens prising er uforståelig, men det er jo hele aksjemarkedet for tiden.
Greit hvis kursen holder seg her ei drøy uke til. Da får jeg flere aksjer.

[Springer]

Får vel tippe på tvangssalg.

[TekBot]

Mandatory notification of trade - Correction

Hamilton, Bermuda. 17th March 2020. Avance Gas Holding Ltd (“Avance ” or the “Company”) hereby announces that Mr. Christian Fallesen, Director, has today acquired 25,790 shares in Avance at a price of NOK 18.9999. Following the transaction Mr. Fallesen holds 39,660 shares in Avance.

For more info please contact: Peder Simonsen, Chief Financial Officer. Telephone +47 22 00 48 15.
…

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This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act or the continuing obligations of Oslo Børs

Kilde

[Snoopzter]

Kjøpt 30,000 aksjer i AVANCE idag. Brukt de siste dagene i karantene på å lese meg opp.

Ser ut som vi er på 60-80% (avhengig av rater og dollarkurs) direkteavkastning på disse nivåene. Og langt under bokførte verdier?

Fremstår direkte feilpriset i mine øyne og da skal man være grådig.

Noen andre med argumenter for/imot her?

[Springer]

Gratulerer med et godt kjøp.
Oljepriskrigen er problemet. Dersom LPG frakt fra USA til Asia forsvinner grunnet massiv tilgang til billig LPG i MidtØsten vil fraktratene nærme seg Break Even. Dette er worst case scenario, og i hensyntatt av en kurs på 16 kroner.

[Snoopzter]

Takk for svar Springer - er noe slikt jeg selv har kommet frem til. Tror frykten er overdrevet, så får vi se om dette er bunnen eller om den skal blir ENDA billigere…