AWILCO LNG ASA (ALNG.OL)

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ALNG - New CFO

Pursuant to release 03/2020 of 30 October 2020 informing that Awilco LNG ASA CFO Øyvind Ryssdal had given his notice of resignation, Awilco LNG is pleased to inform that Mr. Per Heiberg has been appointed CFO of the Company and will start 6th April 2021.

Mr. Heiberg comes from the position as CFO in Golden Ocean Group Limited where over his 15-year career also held the positions as Risk Manager and Vice President Finance.
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"The Board and I are very pleased to have Mr.Per Heiberg onboard as CFO in Awilco LNG. His long and varied experience from the financial side of shipping will no doubt be an asset for the Company going forward” says Awilco LNG CEO Jon Skule Storheill.

For further information please contact:

Jon Skule Storheill
Chief Executive Officer
Telephone: (+47) 22 01 42 09
Mobile: (+47) 91 34 43 56

Kilde

[Keefer]

Spennende bakgrunn på ny CFO. Kan GOGL være interessert i 2 LNG-carriers på billigsalg?

[TekBot]

Awilco LNG ASA – Contract update

Awilco LNG ASA (OSE: “ALNG”) (“Awilco” or “the Company”) is pleased to announce that the 2013-built 156,000 cbm TFDE WilForce has entered into a new charter party contract with a duration of about 12 months. The contract is expected to commence at the end of April 2021 in direct continuation from the present charter party.
The contract is estimated to contribute an annualised EBITDA of about MUSD 18 during the charter period.

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For further information please contact:
Jon Skule Storheill
Chief Executive Officer
Mobile: (47) 913 44 356

Per Heiberg
Chief Financial Officer
Mobile: (47) 952 14 029

Kilde

[tverilytt]

– Markedet kan bli enda sterkere

• Meglere rapporterer raten til drøyt 70.000 dollar pr. dag, hvilket er godt over selskapets break even, som tidligere er oppgitt til 58.000 dollar pr. skip pr. dag for 2021.

– Vi tror dette markedet kan bli enda sterkere, og har jo også ett skip til vi kan slutte på litt lengde om vi ønsker, sier Storheill.

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ALNG – Annual report 2020

Please find Awilco LNG ASA’s annual report 2020 attached.

The report is also available for download from Awilco
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LNG’s website www.awilcolng.no.

Oslo, 27 April 2021

For further information please contact:
CFO Per Heiberg
Phone: +47 952 20 264

Kilde

[odin1]

Virker som det blir gode tider i denne fremover
Kan det bli oppkjøp også ?

[TekBot]

ALNG - Annual General Meeting

Notice is hereby given that the Annual General Meeting
of Awilco LNG ASA will be held on Tuesday June 1, 2021 at 13:00 hrs.
In accordance with temporary act dated 26 May 2020 no. 54 relating to exemption from requirement for physical meetings etc in company laws in order to remedy the consequences of the outbreak of Covid-19 following the Covid-19 pandemic the General Meeting will be held as a phone conference.
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Please find attached the notice of the Annual General
Meeting including attendance form, proxy form and advance voting
form.

The notice of the Annual General Meeting and the ancillary documents including the annual report for the financial year 2020 and the proposal from the nomination committee are available at the Company’s website www.awilcolng.com.

Oslo, 11 May 2021

For further information please contact:
CFO Per Heiberg
Phone: +47 952 20 264

Kilde

[TekBot]

ALNG - Q1 2021 Report

The Awilco LNG Group (Awilco LNG ASA together with its subsidiaries) today reports unaudited results for the three months ended 31 March 2021.

HIGHLIGHTS
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• Awilco LNG achieved net freight income of USD 16.2 million in Q1 2021, up from USD 11.2 million in Q4 2020.
• EBITDA for the quarter ended at USD 12.7 million, compared with USD 7.3 million in Q4 2020.
• Net result for the period was USD 6.9 million, equivalent to an earnings per share of USD 0.05
• Vessel utilisation in Q1 2021 of 100%, same as in Q4 2020.
• In April WilForce was fixed on a 12 months charter party with an estimated EBITDA contribution of USD 18 million over the period
• Covid-19 still entails that crew changes are more challenging and costly than normal. Outside cost the pandemic has however not negatively impacted the operational performance of the vessels.

Jon Skule Storheill, Chief Executive Officer, commented:
“I am pleased to report that the Company managed to take advantage of the strong winter market and deliver a TCE of USD 90k per day in Q1, the highest quarterly average TCE in the history of the Company. Further we have entered a 12 months’ Time Charter Contract on our vessel WilForce which secure positive cash flow and strengthening of the Company’s financial position over the period. Demand for LNG is rising as consumers are becoming more aware of its environmental benefits vs primarily coal as well as an expected rebound in freight demand as the pandemic softens its grip on the global economy, which provides further potential upside for the Company.”

Enclosed is also a Q1 2021 presentation. Due to the ongoing Covid-19 pandemic and guidelines from the Norwegian government concerning social distancing no physical presentation will be held covering Q1 2021.

Note on Alternative performance measures: Alternative performance measures are defined and explained in the APM section of the Quarterly report.

Oslo, May 20, 2021

For further information please contact:

CEO Jon Skule Storheill
Phone: +47 913 44 356
Email: [email protected]

CFO Per Heiberg
Phone: +47 952 20 264
Email: [email protected]

About Awilco LNG ASA
Awilco LNG is a Norwegian based LNG transportation provider, owning and operating LNG vessels intended for international trade. The Company currently owns two 2013 built 156,000 cbm TFDE membrane LNG vessels, WilForce and WilPride.

Kilde

[TekBot]

ALNG - Minutes from AGM

The Annual General Meeting (AGM) in Awilco LNG ASA was held
today June 1, 2021. Enclosed is the Minutes of Meeting from
the AGM.
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Oslo, June 1, 2021

For further information please contact:
CFO Per Heiberg
Phone: +47 952 20 264

Kilde

[TekBot]

ALNG - Time Charter Contract

Awilco LNG ASA (OSE: “ALNG”) (“Awilco” or “the Company”) is pleased to announce that the 2013-built 156,000 cbm TFDE WilPride has been fixed on a new time charter party contract with a duration of about 10 months. The contract is expected to commence at the end of June 2021 in direct continuation from the present charter party.

Jon Skule Storheill, CEO of Awilco LNG ASA, commented:
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“We are pleased to announce that WilPride is fixed on a contract at a considerably higher rate than the time charter contract announced for WilForce back in April 2021, showing the strength of the LNG market in 2021 and beyond. As a result of comparatively strong earnings through the winter season these contracts enable the company to comply with original financial covenants under our financing facilities after June 30, 2021 (until which date they have been amended). In addition, they give visibility for earnings and cash generation over the next three quarters sufficient to strengthen our financial position significantly.”

For further information please contact:
Jon Skule Storheill
Chief Executive Officer
Mobile: (47) 913 44 356

Per Heiberg
Chief Financial Officer
Mobile: (47) 952 20 264

Kilde

[odin1]

Noen som vet hva rater de fikk denne gangen ?

[Keefer]

ALNG oppgir ikke den nye raten, men opplyser at den er “considerably higher” enn den som ble inngått på WilForce i april. Kontrakten i april ga et EBITDA-bidrag på 18 MUSD over 12 måneder.

[odin1]

Det bør vel gi aksjen et godt løft fremover !
Noen tanker rundt eventuelt oppkjøp fra navig8?

[Keefer]

Oppkjøp kan være aktuelt. Tilbakekjøp av egne aksjer kan være aktuelt. Mye kan skje her, men at selskapet er svært billig på dette nivået kan det vel ikke herske mye tvil om. En av børsens glemte juveler med dagens prising

[tverilytt]

Sterkt av ALNG dette synes jeg. Har også spekulert i oppkjøp tidligere. De er en minimalistisk aktør, og burde være en god kandiat for noen større for overtagelse.

Forrige kontrakt ble mottatt med et gjesp, blir denne det også?

[Keefer]

Hadde vært artig å se utregning av P/E og NAV her. Har noen sett på det?

[TekBot]

Awilco LNG ASA (ALNG) – Mandatory Notification of trade

Fiducia AS, a company controlled by Jon Aksel Torgersen, member of the board of Awilco LNG ASA, has on June 30, 2021 purchased in the open market 150,000 shares in Awilco LNG ASA at a price of NOK 2.1405 per share. After this transaction Fiducia AS own a total of 577,564 shares in Awilco LNG ASA, or 0.44% of the registered share capital.

This information is subject to the disclosure requirements pursuant to the market abuse regulation article 19 and 5-12 of the Norwegian Securities Trading Act.
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Kilde

[TekBot]

ALNG - Q2 2021 Report

The Awilco LNG Group (Awilco LNG ASA together with its subsidiaries) today reports unaudited results for the three months ended June 30, 2021.

HIGHLIGHTS 1)
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• Awilco LNG achieved net result for the period of USD 3.3 million, equivalent to an earnings per share of USD 0.02. For first half 2021 net result ended at USD 10.2 million or USD 0.08 per share.
• Net TCE for second quarter and first half year ended at USD 66,500 per day and USD 78,000 per day respectively.
• Net freight income was USD 12.1 million in Q2 2021, down from USD 16.2 million in Q1 2021. For first half 2021 net freight income ended at USD 28.3 million, up from 17.1 million for the same period last year.
• EBITDA for the quarter ended at USD 9.0 million, compared with USD 12.7 million in Q1 2021. For first half 2021 EBITDA ended at USD 21.7 million, up from USD 11.3 million for the same period last year
• Vessel utilisation in Q2 2021 of 100%, same as in Q1 2021.
• In April WilForce was fixed on a 12 months contract and in June WilPride was fixed on a 10 months contract, both at rates that secure significant positive cash generation over the periods.

Jon Skule Storheill, Chief Executive Officer, commented:
“We are pleased to deliver another strong result in second quarter 2021 bringing first half year result to USD 10.2 million and an average net TCE for the period of USD 78,000 per day. With both vessels chartered out on fixed rate contracts at an average rate of just below USD 80.000 per day through Q1 2022 I am pleased to report that we expect to deliver a strong result also in the second half of the year. Focus going forward will be to take advantage of the long-term strength in the LNG market.”

Enclosed is in addition a Q2 2021 presentation. Due to the ongoing Covid-19 pandemic and guidelines from the Norwegian government concerning social distancing no physical presentation will be held covering second quarter and first half 2021.

Note on Alternative performance measures: Alternative performance measures are defined and explained in the APM section of the Quarterly report.

Oslo, August 27, 2021

For further information please contact:

CEO Jon Skule Storheill
Phone: +47 913 44 356
Email: [email protected]

CFO Per Heiberg
Phone: +47 952 20 264
Email: [email protected]

About Awilco LNG ASA
Awilco LNG is a Norwegian based LNG transportation provider, owning and operating LNG vessels intended for international trade. The Company currently owns two 2013 built 156,000 cbm TFDE membrane LNG vessels, WilForce and WilPride.

Kilde

[theb]

Brukte søndagen til å kose meg med Google spreadsheets der jeg gjorde en kjapp analyse av ALNG.

Har gjort en rekke antakelser som du kan/bør lese først, tiden strakk ikke til så det ser litt shabby ut

Her er den ferdige analysen.

Q1 og Q2 tallene er faktiske tall hentet fra rapportene selskapet har gitt ut, Q3 og Q4 er estimert ut i fra mine antakelser.

Q3’21 EBITDA estimert til 9.21m USD - net profit 3.6m USD.
Q4’21 EBITDA estimert til 8.16m USD - net profit 2.55m USD.

Har regnet meg ut til en estimert P/E ratio på 3.21 for hele 2021.

Så blir det opp til leser å bedømme hva som er fair P/E ratio for ALNG.

Dette er ikke en kjøps eller salgsanbefaling.

[strongbuy]

Aksjeanalyser.com har i dag sett nærmere på en svært spennende aksje på Oslo...