Hunter Group (HUNT)

[TekBot]

Hunter Group ASA - Third Quarter Results 2019

Oslo, 29 November 2019

Financial highlights
…

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Net profit from continuing operations came in at USD -1,586t in Q3 2019 compared
to USD 632t in Q3 2018. The reduction was mainly due to costs related to the
cancelled bank financing and exchange rate fluctuations.

Total operating expenses of USD 311t in Q3 2019 were in line with USD 319k in Q3
2018.

Key events in Q3 2019

The Company successfully took delivery of Hunter Atla, ahead of the original
delivery schedule, hence increasing earnings capacity in Q4 by close to 40 days.

The yard completed steel cutting for H.No. 5466 and H.No. 5467, and successfully
launched Hunter Saga (H.No. 5456), H.No. 5457 and Hunter Laga (H.No. 5460).

The Company entered into a USD 180m Sale and-Leaseback transaction (“SLB”) with
SFL Corporation Ltd. (“SFL”) for it’s first three vessels, Hunter Atla, Hunter
Laga and Hunter Saga, at highly attractive terms. Following delivery of Hunter
Atla to SFL, the Company received USD 60 million, and subsequently bareboat
chartered the vessel back for 5 years at a rate of USD 11,500 per day per vessel
for the first 6 months. The Company has purchase options for all three vessels,
retaining full flexibility. Consequently, the Company cancelled the USD 420m
senior secured term loan announced in May 2019.

The Company selected Tankers International Ltd (“TI”) as commercial manager. TI
will establish the world’s first scrubber-fitted VLCC pool. In addition to the
Hunter vessels, the pool will consist of vessels from, amongst others, Hartree
Maritime Partners Ltd., International Seaways Inc., and Oak Maritime (HK) Inc.
The Scrubber Pool will consist exclusively of modern scrubber-fitted VLCCs
operated and maintained to the highest standards and will, combined with TI’s
existing VLCC pools, represent the largest VLCC fleet in the world with more
than 70 VLCCs on a fully delivered basis.

Based on the completed financing for the Company’s first three vessels,
preliminary financing discussions regarding the remaining four vessels, the
successful sale of NB No. 5457, as well the current market outlook, the Company
does not see the need for any additional equity in order to fulfill it’s
remaining capital expenditure obligations.

Contact:

Erik A.S. Frydendal, CEO, ef@huntergroup.no, Ph.: +47 957 72 947

Lars M. Brynildsrud, CFO, lb@huntergroup.no, Ph.: +47 932 60 882

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

Kilde

[tjoff]

Ikke så veldig mye spennende å melde. Men fint å se at de har booket 96% av Q4 til gode rater på ca 70k USD/dag.

[Dunkel]

Ikke negativt at dem har kontroll på utgiftene til resterende av båtene ser det ut til

[mtryfoss]

Hunter leier ut skip til rekordrate

[vanderbilt]

Meget nice

[Plumbo]

Suksessgründer Fredrik Halvorsen tar gevinst i Arne Fredlys tankrederi

[mtryfoss]

Men de skrever ikke at Spetalen er inne på topp 50 igjen

[ListeBot]

En fersk aksjonærliste for HUNT er tilgjengelig. Trykk her for å se den. Krever Insider-medlemskap)

[marrot18]

Er det noen store endringer ? Har spetalen økt eller redusert?

[mtryfoss]

Ingen endring for Spetalen.

[ListeBot]

En fersk aksjonærliste for HUNT er tilgjengelig for Insider-medlemmer. Ikke Insider? Les mer og prøv gratis

[sulzrox]

Brudd opp igjennom 5 kan være interessant.

[vcp]

Noe på gang, spennende om det kommer inn vol her nå!

• Punktert over 5 blank
• VCP
• High tight flag

[mtryfoss]

Spennende observasjoner. Backes jo også kraftig av det fundamentale.

[Tek]

Hva står VCP for?

[rokky]

http://www.minervini.com/blog/index.php/blog/show/how_to_time_your_trade_with_pinpoint_accuracy_the_volatility_contraction_vc

[Tek]

Takk for hjelpen

[Curly]

Da har vi sluttkurs markert over 5, skal bli spennende å se utviklingen videre. Økende rater opp mot 150’ vil nok også dra aksjen godt fremover. Nyttårsrakett som fortsetter langt inn i 2020?

[tooeasy891]

Ser bra ut, hoppet på skipet i dag

[ListeBot]

En fersk aksjonærliste for HUNT er tilgjengelig for Insider-medlemmer. Ikke Insider? Les mer og prøv gratis