Avance Gas Holding (AVANCE) 🚢

[rayman]

Ikke i dagen børs klima, det holder med en ide og mediedekning…

[Springer]

Avance skinner fortsatt paa aksjehimmelen. Stopper vel mellom 50 og 60 ett sted utpaa vinteren.

[Springer]

Absolutt ingen favoritt blant skribentene her inne, denne LPG frakt-aksjen.
Rart egentlig. De tjener drøss med penger, og er lavt priset.
Selskap i USA (Dorian) går som ei kule. Regner med at Avance og BW LPG følger etter i morgen.

[Springer]

Jada, følger etter opp.

[novalusus]

Er det forventa noen utbytte her i den nærmeste fremtid ?

[Springer]

Q3 kommer I slutten av mnd.
Har vært god inntjening i perioden, og jeg forventer 1-2 kroner i utbytte.
Holder du på aksjene i 3 mnd til, bør utbytte være omtrent det dobbelte av dette.

[Nimrod]

Tror nok det er lov å forvente utbytte denne gangen ja siden det ikke ble utbetalt noe forrige kvartal, og ratene / futures ser bra ut. Ikke like bra som før Covid-19 kom inn i bildet, men det tjenes penger hele tiden.

[TekBot]

Avance Gas - Invitation to Earnings Release Audio Webcast for the Third Quarter of 2020

Bermuda, 17 November 2020 - Avance Gas Holding Ltd (OSE: “AVANCE”), will on
Wednesday 25 November 2020 release its unaudited results for the Third quarter
of 2020. In connection with the earnings release, an audio webcast and
…

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conference call will be held at 14:00 (CET). The webcast can be accessed at
Avance Gas’ website 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: 6259105. Phone lines will open 10 minutes before the
conference call.

For further queries, please contact: Randi Navdal Bekkelund, CFO Tel:
+47 22 00 48 29

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 carrier (VLGC), and operates a fleet of thirteen
modern ships and two Dual Fuel LPG newbuildings due for delivery in 2021 and
2022. 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

[TekBot]

Financial calendar

Financial calendar for Avance Gas Holding Ltd

FINANCIAL YEAR 2020
…

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30.04.2021 - Annual Report

25.11.2020 - 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]

Major shareholding disclosure in Avance Gas Holding

Please find major shareholding disclosure form attached by Skandinaviska Enskilda Banken AB (publ).
…

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Kilde

[Springer]

På tekinvestor er det lite interesse for aksjer som allerede tjener penger synes det som.
Fra Arctic:

LPG: ATTRACTIVE

1. Rates, FFA’s and ARB are all moving in the same direction, even though US prod. still is strong.
2. FFA’s have gone up 52% between 17.09.20 and now. With FFA’s going from USD 23,8k to 36,1k.
3. Looking at 21e earnings, now at USD 36k/d, Avance would now make NOK 10/sh for FY/21.
4. Valuation screens attractive on both implied steel values and earnings with Avance/BWLPG at P/NAV 0.52x/0.62x and 21e P/E 4.6x/7.3x.

[Sjakk]

FFA = Futures
ARB = Arbitrasje (pris differanse på LPG mellom (US gulf) og Far East og Arabiske Gulf)

Og LPG lagrene i US øker . Som tilsier lavere pris i US og derfor høyere spread som medfører at lpg tradere har råd / travelere med å få sluttet lasten og betaler mer for frakt. Og hvem er den mest overgeara US spot lpg shipperen på OSE? Jo Avance (jeg håper dog de har teft og naile litt fast jobb på gode rater)

[Bingo123]

Tar gjerne en tur opp til 60 igjen:)

[TekBot]

Major shareholding disclosure in Avance Gas Holding

Please see attachment www.newsweb.no
…

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Kilde

[Springer]

LPG ratene fortsetter opp.
LPG selskap i USA (Dorian) opp 4% nå.
Drar seg til en fin høst og vinter for aksjonærer i Avance (og BWLPG)

[TekBot]

Avance Gas Holding Ltd Reports Unaudited Results for the Third Quarter of 2020

BERMUDA, 25 November 2020 - Avance Gas Holding Ltd (OSE: AVANCE) today reported
unaudited results for the third quarter 2020.

…

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HIGHLIGHTS

• An achieved time charter equivalent (TCE) rate of $23,283 on a discharge to
  discharge basis and $21,524/day on the basis of IFRS 15 accounting standard,
  compared to $28,453/day and $28,932/day in Q2 2020 respectively.

• The TCE rates in Q3 reflects ballast cost of approx. $4,000/day,
  corresponding to an adjusted TCE rate of $27,283 in Q3. The ballast cost
  will recover into the following quarter.

• Daily operating expenses (OPEX) were $9,256/day, compared to $8,576/day in
  Q2 2020. OPEX was impacted by change of technical manager and Covid-19
  related crew change expense representing approx. $900/day in Q3.

• A&G expenses were $727/day, up from $608/day in Q2.

• Secured funding for predelivery CAPEX of newbuilding program through two
  transactions

  • In September, the sale of the 2003-built VLGC Avance was successfully
    completed. Following repayment of debt, the transaction generated
    approx. $17 million in net cash proceeds and a book profit of approx. $6
    million recorded in Q3.
  • In November, the Company signed a $45 million sale leaseback transaction
    with a Chinese leasing house for the VLGC Pampero previously announced
    in August. Expected closing early December.

• Successfully completed the change of technical manager for six ships by end
  October. The investment in change of technical manager is expected to reduce
  operating expense and improve the technical efficiency of our fleet.

• By Q4, the eighth and final ship will have completed the scheduled special
  survey and five scrubbers will have been installed.

• For the fourth quarter of 2020, we estimate TCE rate on a discharge-to
  discharge basis of approx. $40,000/day contracted for 90% of vessel days.

Q3 has been a strong period for LPG freight despite fluctuations in export
volumes from US basins. US Gulf and USEC VLGC exports were 8.6 million tons,
compared to 9.0 million tons in Q2 2020, 68 cargoes in July, 65 cargoes in
August and 58 cargoes in September, illustrating this volatility. Preliminary
numbers show a high activity into Q4, recording 76 cargoes in October, with
continued high activity levels in November.

Middle East export activity has followed changes on OPEX+ production during
2020 adding significant volatility to the freight market. In Q3, Middle East
VLGC exports totaled 7.5 million tons equaling a monthly average of 56 cargoes,
compared to 7.8 million tons or 59 cargoes per month in Q2 2020.

Covid-19 and oil price volatility has disrupted LPG trade through temporary
lower demand from the petrochemical industry and challenging US- Asia price
differential. With a continued strong Asian retail demand and improving oil
prices, the VLGC market has rebounded more quickly than expected and remained
strong throughout the fall.

We continue to see inefficiencies driving the freight market with turn-time in
China, slow discharge in India coupled with delays in Panama creating a lasting
positive sentiment leading in to Q4.

The global fleet was 304 ships at end Q3 with approx. 18 of those operating as
storage vessels. The order book is 12.5%, of which one ship expected for
delivery in Q4. The effect of the order book will be partly mitigated by ~20-
25% of the fleet due for special surveys 2020-2022 suggesting a positive outlook
for the next few years.

PRESENTATION AND WEBCAST

Avance Gas will host an audio webcast and conference call to discuss the
company’s results for the period ended 30 September 2020 on Wednesday, 25
November 2020, at 14:00 CET. There will be a Q&A session following the
presentation.

The presentation and webcast will be hosted by:

·Mr. Ben Martin - CCO
·Mrs. Randi Navdal Bekkelund - CFO

The presentation will also be available via audio webcast, which 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: 6259105. Phone lines will
open 10 minutes before the conference call.

For further queries, please contact:
Ben Martin, CCO
Tel: +41 77 526 47 28
Email: ben.martin@avancegas.com (mailto:ben.martin@avancegas.com)

Randi Navdal Bekkelund, CFO
Tel: +47 22 00 48 29
Email: randi.navdal@avancegas.com (mailto:randi.navdal@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 thirteen
modern ships and two Dual Fuel LPG newbuildings due for delivery in 2021 and
2022. 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

[TekBot]

Avance Gas Holding Ltd - Q3 2020 Presentation

Please find attached the presentation of Avance Gas Holding Ltd (OSE: AVANCE)
for the third quarter 2020 results to be held on the webcast/conference call 25
November, 2020 at 14:00 CET.
…

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Attend by webcast:

https://edge.media-server.com/mmc/p/i84a49qn

Attend by conference call:
UK and International: +44 (0) 2071 928 000
US: +1 631 510 7495
Norway: +47 23 96 02 64
Confirmation code: 6259105

For further queries, please contact:

Ben Martin, CCO
Tel: +41 77 526 47 28
Email: ben.martin@avancegas.com (mailto:ben.martin@avancegas.com)

Randi Navdal Bekkelund, CFO
Tel: +47 22 00 48 29
Email: randi.navdal@avancegas.com (mailto:randi.navdal@avancegas.com)

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 carrier (VLGC), and operates a fleet of thirteen
modern ships and two Dual Fuel LPG newbuildings due for delivery in 2021 and
2022. 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 the Norwegian Securities Trading Act

Kilde

[Springer]

Overraskende svakt Q3, likevel overskudd og nedbetaling av gjeld istedenfor utbytte. Litt surt, men greit siden jeg er langsiktig her.
Nå går derimot fraktratene bananas. Helt greit med kursoppgang i Avance også. Bryter vi 40 i morgen??

[Springer]

Jadda. So far so good!

[Rasken]

Solgte ut 1/3 del idag på 41,7, blir spennende å følge den videre