Havila Shipping (HAVI)

[Rodjer]

Skjønner spørsmålet.

Oslo Børs har mer blitt en børs for gambling snarere enn investering, så enten er man med eller står man igjen.

Hvor var verdiene i Nel da den gikk fra 4 kroner til 35?

Hvor er verdiene i Ultimovax som forsvarer dagens prising?

For egen del har jeg funnet ut at på børsen nå må man ha flere tanker i hodet samtidig, noen long investeringer og noen kortsiktige risiko case.

[Rodjer]

Mange ledige ahtser i spotten nå, deriblant Venus og Jupiter.
Likevel får dem idag NOK 350,000, jeg tolker det dit hen at det da kan ligge til rette for flere fortløpende tildelinger de neste dagene.

NEW	[ATLANTIC KESTREL](javascript:void(0)	Ithaca Energy	R/M WilPhoenix, D/D 14	05/10/21	GBP 30000
NEW	[MAERSK LIFTER](javascript:void(0)	Ithaca Energy	R/M WilPhoenix (+WROV), D/D 14	05/10/21	RNR
NEW	[MAERSK MINDER](javascript:void(0)	Ithaca Energy	R/M WilPhoenix, D/D 14	05/10/21	RNR

[Rodjer]

Havila Venus og Havila Jupiter med nye oppdrag i spotten fra idag.

03/10/21	[HAVILA JUPITER](javascript:void(0)	Aker BP	R/M Maersk Integrator, D/D 14	04/10/21	RNR
03/10/21	[HAVILA VENUS](javascript:void(0)	Aker BP	R/M Maersk Integrator, D/D 14	04/10/21	RNR

[TekBot]

Havila Shipping ASA: Notis til obligasjonseiere i Havi07

Vedlagt “Notis til obligasjonseire om skriftlig beslutning angående
skipskontrakt”

…

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Kontakt:

Finansdirektør Arne Johan Dale +47 909 87 706

Denne opplysningen er informasjonspliktig etter verdipapirhandelloven §5-12

Kilde

[TekBot]

Havila Shipping ASA: Havi07 Summons for Written Resolution

Attached Summons for Written Resolution for approval of vessel contract.

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Contact:

CFO Arne Johan Dale, +47 909 87 706

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

Kilde

[TekBot]

Havila Shipping ASA: : Contract extension with Reach Subsea for Havila Subsea

Havila Shipping ASA and Reach Subsea AS has entered into a contract for Havila
Subsea for a fixed period of
2 years and 3 months starting 01.10.21 until 31.12.23. Reach Subsea has the
…

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option to extend the contract with one year until 31.12.2024.

The bondolders in ISIN NO0010605033 (HAVI07) has with sufficient majority
accepted the conclusion of the contract.

Contacts:
CEO Njål Sævik, +47 909 35 722
CFO Arne Johan Dale, +47 909 87 706

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

Kilde

[Rodjer]

Herlig langtidskontrakts forlengelse.
Folk fikk ikke tid til å reagere, denne kommer imorgen.

Langtidskontrakt i havn for 98 meter langt skip

[Saksa]

Reach reagerte med en gang God båt til ett godt selskap !

[Kjell_Makrell]

Har tatt en bet her i dag. Ser 5,50 i det kortsiktige bildet

[TekBot]

Havila Shipping ASA: Sale of the PSV vessel Havila Crusader

Havila Shipping ASA has sold the PSV vessel Havila Crusader to a foreign owner,
who will use the vessel outside the offshore industry. The sale was completed at
requirement of the lender in accordance with the clauses of the restructuring
…

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agreement.

Contact:
CEO Njål Sævik, +47 909 35 722
CFO Arne Johan Dale, +47 909 87 706

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

Kilde

[TekBot]

Havila Shipping ASA: Third quarter 2021 accounts

Summary

Freight revenues increased by NOK 8.9 million in the third quarter compared with
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the previous quarter, mainly due to higher rates for the group’s AHTS vessels.

An agreement with the lenders entered into in 2020 clarifies the company’s
obligations to the lenders for the period until 2024. The agreement does not
prevent the company’s fleet from being reduced as a result of the sale of
vessels with lower revenues than operating costs for the individual vessel. Four
vessels in lay-up were circulated for sale in the third quarter at the request
of lenders in accordance with the provisions of the restructuring agreement. One
vessel has been transferred to a new owner after the balance sheet date.

• Havila Shipping ASA achieved an operating income before depreciation of NOK
  53.7 million in Q3 2021, compared with NOK 36.4 million in Q3 2020.
• Total operating income was NOK 154.8 million in Q3 2021, compared with NOK
  188.7 million in Q3 2020.
• The group had as of 30/09/21 23 vessels operated from Fosnavåg, six for
  external owners.
• The group had 3 AHTS and 3 PSV vessels laid up at the end of Q3 2021.
• One PSV vessel was sold in November 2021.
• The fleet utilization Q3 2021 was 85 % exclusive vessels in lay-up.

Result for 3 quarter 2021

• Total operating income amounted to NOK 154.8 million (NOK 188.7 million).
• Total operating expenses were NOK 101.1 million (NOK 152.3 million whereof
  NOK 48.7 million was change of loss on receivables). Ordinary operating
  expenses were NOK 101.1 million (NOK 103.6 million).
• Operating profit before depreciation was NOK 53.7 million (NOK 36.4
  million).
• Depreciation was NOK 62.1 million (NOK 87.4 million).
• Impairment charge of fixed assets was NOK 25.5 million (NOK 0 million).
• Net financial items were NOK - 23.6 million (NOK 68.0 million), whereof
  unrealized agio loss was NOK 20.1 million (unrealized agio gain NOK 19.6
  million), and value adjustment of debt was NOK - 4.9 million (NOK 47.9
  mllion).
• The profit before tax was NOK - 58.0 million (NOK 16.9 million).

Result year to date 2021

• Total operating income amounted to NOK 400.6 million (NOK 598.5 million).
• Total operating expenses were NOK 276.9 million whereof NOK - 24.5 million
  is change of loss on trade receivables (NOK 451.1 million whereof NOK 101.4
  million is change of loss on trade receivables). Ordinary operating expenses
  amounts to NOK 301.3 million (NOK 349.7 million).
• The operating profit before depreciation was NOK 123.7 million (NOK 147.4
  million).
• Depreciation was NOK 183.8 million (NOK 261.9 million).
• Impairment charge of fixed assets was NOK 25.5 million (NOK 521.0 million).
• Net financial items were NOK - 30.6 million (NOK 1,878.5 million), whereof
  unrealized agio loss was NOK 17.8 million (unrealized agio loss NOK 61.2
  million) and value adjustment of debt NOK - 6.0 million (NOK 2,064.4 million
  related to the implementation effects of the restructuring agreement with
  the company’s lenders).
• The profit before tax was NOK -116.9 million (NOK 1,243.1 million).

Balance and liquidity per 30/09/21

Total current assets amounted to NOK 288.8 million on 30/09/21, whereof bank
deposits were NOK 83.8 million (of this NOK 0.5 million restricted withholding
tax and NOK 3.4 restricted cash related to interest and instalment payments). On
30/09/20, total current assets amounted to NOK 295.0 million, whereof bank
deposits amounted to NOK 139.5 million (of this NOK 1.2 million restricted
withholding tax).

Net cash flow from operations was in 2021 NOK 77.3 million (NOK 94.1 million).
Cash flow from investing activities was NOK -26.4 million (NOK -33.1 million).
Payment of loan instalments and lease liabilities constituted a net change from
financing activities of NOK -73.4 million (NOK - 27.6 million whereof NOK 100.0
million was raising a convertible shareholder loan).

As of 30/09/21, the book value of the fleet is NOK 1,684 million.

Total long-term loan debt recognized in the balance sheet was per 30/09/21 NOK
1,726.5 million, of which interest-bearing debt amounts to NOK 1,635.2 million
and non-interest-bearing debt NOK 91.3 million. As of 30/09/21, nominal value of
interest-bearing debt was NOK 2,640.0 million, and nominal value of non-
interest-bearing debt was NOK 1,455.4 million. Of nominal interest-bearing debt
15.9 % are loans in USD, while the remaining loans are in NOK. Secured debt are
classified as long-term debt, except from known instalments which is classified
as short term debt.

Fleet

Havila Shipping ASA operates 23 vessels,

14 PSV (whereof one was sold in November 2021)

• Four owned externally

• One owned 50% and not consolidated

5 AHTS

3 Subsea (one hired out on bareboat contract)

1 RRV (bareboat)

Employees

Havila Shipping ASA had per 30/09/21 411 employees on the company’s vessels and
16 employees in the administration.

Contacts:

CEO Njål Sævik, +47 909 35 722

CFO Arne Johan Dale, +47 909 87 706

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

Kilde

[Andyboi]

Dette var rett og slett svake greier; negativ cashflow, større nedgang i omsetning YoY, røde tall og nå en egenkapital på 20 mill og dermed en P/B på 4,5!

[Lundekunde]

Havi vil etter alt å dømme ha negativ ek ved årsskiftet. Og hadde lånene vært ført i balansen til nominell verdi så hadde det vært kjempeminus allerede.
“Balanseført verdi av langsiktig lånegjeld var pr. 30.09.21 NOK 1 726,5 million,
av dette var rentebærende gjeld NOK 1 635,2 million og ikke rentebærende
gjeld NOK 91,3 million. Nominell verdi av rentebærende gjeld var pr. 30.09.21
NOK 2 640,0 million, og nominell verdi av ikke rentebærende gjeld var NOK
1 455,4 million”

ikkje gløym dette

[Rodjer]

Ufattelig og begredelig rett og slett!

[Rodjer]

Ja, men til tross for det var dette helt utrolig svakt.
Jeg sitter ikke lenger i Havila, men oppriktig overrasket over hvor svakt absolutt alt var, til og med flåteutnyttelsen var elendig.

[Lundekunde]

Heilt enig. Havila må nok ha ny restrukturering slik det ser ut nå. Enormt svakt når alle andre rapporterer bedre tall en fjoråret.

[Andyboi]

Det som overrasker meg er at det var så store forskjeller mellom Havi og EIOF, EIOF overrasket positivt med blant annet en EBITDA-margin bedre enn SIOFF.

[Rodjer]

Eiof overrasket meg ikke, men dette som Havila presenterer er jaggu nær havari, det overrasket meg veldig.

[Andyboi]

Havari Shipping ASA

Er spent på hva Solstad leverer

[Rodjer]

Ja, selv om jeg sitter i Eiof(uhyre liten post) og i Soff, så står jeg med det jeg har skrevet noen ganger tilbake i tid at i 2023 er minst 2 av disse offshore rederiene borte fra OSE