MPC Container Ships (MPCC) 🚢

[Keefer]

hehe, der vet jeg ikke om jeg er enig Sakte og stabil oppgang er å foretrekke for mitt vedkommende

[TenSing_Gundersen]

@Keefer

Jeg synes alt for lite meldes til markedet, spesielt når markedssituasjonen er som den er. Det skaper usikkerhet, og det mener jeg er hovedgrunnen til utviklingen vi har vært vitne til fra i sommer til i dag.

Her er jeg uenig da jeg synes de rapporterer godt og sier hva de har tenkt å foreta seg. Og så gjør de det hverken mer eller mindre. Nøkternt og greit.

Men skal sies at jeg ikke er så vanskelig å please da jeg ser på god gammel «Funcom» standard som normalen

[TekBot]

MPC Container Ships ASA secures new financing facility, agrees on sale of six vessels and provides update on charter fixtures

Oslo, 20 October 2021 - MPC Container Ships ASA (“MPCC” or the “Company”, and
together with its subsidiaries, the “Group”) is pleased to announce the
following measures that will increase the Company’s balance sheet flexibility in
…

Vis børsmeldingen

order to execute on the Group’s plan to commence returning capital to investors.
These changes are consistent with the Company’s guidance in previous quarters:

· New bank facility of USD 180 million with HCOB at LIBOR + 335 bps
· More than 30 unencumbered vessels post-closing
· Sale of six vessels between 1,000 and 1,500 TEU agreed for in total USD 135
million
· Seven additional multi-year charter fixtures concluded in historically
strong charter market
· EBITDA backlog from 1 July 2021 onwards currently above USD 700 million

New credit facility

The Company has agreed a USD 180 million five-year senior secured credit
facility (the “Facility”) with Hamburg Commercial Bank (“HCOB”) at attractive
terms. The Facility consists of a USD 130 million term loan and a revolving
credit facility of USD 50 million.

Constantin Baack, Chief Executive Officer of MPC Container Ships ASA commented:
“We have executed on various measures in order to become a low leverage and high
dividend paying stock. The new financing with HCOB constitutes another important
step of optimizing the balance sheet structure, reducing our cost of debt and
extending debt maturities into 2026. In addition, it creates high flexibility
and optionality based on more than 30 unencumbered vessels following the
refinancing. We appreciate the agility, professionalism and support by HCOB in
arranging the Facility, which puts MPCC in a unique position to fulfil corporate
goals.”

Sale of vessels

In order to optimize the fleet composition take advantage of historically high
container ship asset prices, the Group has agreed to sell six smaller vessels
with an average size of 1,200 TEU for a total of USD 135 million, which implies
a significant premium to the current MPCC share price. MPCC’s total fleet will
consist of 68 vessels once the six vessels have been handed over to their new
owners.

During Q4 2021, the Company intends to use the Facility, together with parts of
the proceeds from the agreed vessel sales to refinance the existing DNB
acquisition financing, as well as the outstanding USD 204 million bond
financing. As a consequence, the previous acquisition financing with DNB and the
outstanding senior secured bonds will be repaid in full and a significant number
of vessels owned by the Company will subsequently be unencumbered.

Well positioned to return capital to shareholders

“Following our strategy of prudent and rational capital allocation, these
measures are important steps for MPCC to transition from a growth phase to a
very strong value proposition of significant cash generation, good earnings
visibility with strong dividend capacity and a low risk profile. We are very
pleased that the Company is now well positioned to return capital to its
shareholders”, CEO Constantin Baack added.

Subsequent to the Q2 reporting on 19 August, the Company has fixed an additional
seven vessels with long periods and attractive rates. The EBITDA backlog has
subsequently increased to above USD 700 million, demonstrating a continuously
strong charter market.

Once executed, the new financing structure of the Group will allow for high
flexibility in capital allocation and a solid foundation for implementing a
sustainable dividend policy. Following the sequencing of repayment and
successful handover of the sold vessels in Q4 2021, the Company expects to enter
a new era of returning capital to shareholders as of Q1 2022 by distributing up
to 75% of net profit by way of dividends and/or share buybacks.

Important notice

This press release does not constitute a notice of voluntary early redemption
for the outstanding bonds, which will be issued in accordance with the terms of
the outstanding bonds.

For further details on the Facility, vessel sales and for an operational update
on the Company please refer to the attached presentation. An investor call will
be hosted on Wednesday 20 October at 10:00 CEST. Please see below for call-in
details. The Facility is subject to customary conditions for documentation and
is expected to be completed by the end of October 2021.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act.

This stock exchange announcement was published by Andreas Nguyen, Investor
Relations at MPC Container Ships ASA, on 20 October 2021 at 07:00 CEST.

Investor call and webcast:

The Company will host a webcast for the investor call commencing on Wednesday 20
October 2021 at 10:00 hours CEST. The presentation will be made available on the
Company’s webpage (https://www.mpc-container.com/investors-and-media/press
-releases/). There will be a Q&A session after the presentation.

The event is being streamed. It is recommended that you listen via your computer
speakers. Please note that for optimal viewing, it is recommended not to use
VPN, but instead to connect directly to the internet. Please disable pop-up
blockers in order to view the content in its entirety.

The live webcast can be accessed through the following link:

https://edge.media-server.com/mmc/p/he4xmzxc

Alternatively, participants may dial in to the earnings call using the below
dial-in information:

Norwegian LocalCall Dial-In (Oslo): +47 23 96 02 64

US LocalCall Dial-In (New York): +1 (631) 510-7495

International/Toll Attendee Dial-In: +44 (0) 2071 928000

Conference ID: 2055597

Further information and contact:

For further information, please contact ir@mpc-container.com.

About MPC Container Ships ASA:

MPC Container Ships ASA (ticker code “MPCC”) is a leading container tonnage
provider with a focus on the feeder segment below 5,000 TEU. Its main activity
is to own and operate a portfolio of container ships serving intra-regional
trade lanes on fixed-rate charters. The Company is registered and has its
business office in Oslo, Norway. For more information, please see our website:
www.mpc-container.com.

---

Forward-looking statements:

This announcement includes forward-looking statements. Such statements are
generally not historical in nature, and specifically include statements about
the Company’s plans, strategies, business prospects, changes and trends in its
business, the markets in which it operates and its restructuring efforts. These
statements are made based upon management’s current plans, expectations,
assumptions and beliefs concerning future events impacting the Company and
therefore involve a number of risks, uncertainties and assumptions that could
cause actual results to differ materially from those expressed or implied in the
forward-looking statements, which speak only as of the date of this news
release. Consequently, no forward-looking statement can be guaranteed. When
considering these forward-looking statements, you should keep in mind the risks
described from time to time in the Company’s regulatory filings and periodical
reporting. The Company undertakes no obligation to update any forward-looking
statements to reflect events or circumstances after the date on which such
statement is made or to reflect the occurrence of unanticipated events. New
factors emerge from time to time, and it is not possible for the Company to
predict all of these factors. Further, the Company cannot assess the impact of
each such factor on its business or the extent to which any factor, or
combination of factors, may cause actual results to be materially different from
those contained in any forward-looking statement.

Kilde

[M73102]

MPC selger seks fartøy og sikrer fersk finansiering

[havana12]

@havana12

Hadde jeg vært MPCC hadde jeg prøvd å solgt unna noen skip, fortrinnsmessig fra pool, før ratene mykner opp, og før liner-selskapene får forhandlingsmakt. Dealen med Songa ga mening i august, men allerede nå kan det være lurt å se på alternativer. Tviler sterkt på at de tør å gjøre så mye uansett, men jeg hadde jobbet hardt for det

1200 size er fra pool
Dette de-risker caset betraktelig

Ganske hissig profil med 75% dividend, men viser klart hva selskapet ønsker, de skal nærmest kjøre en ads crude, melke dette og gå videre om mulig

[TenSing_Gundersen]

@TenSing_Gundersen

Her er jeg uenig da jeg synes de rapporterer godt og sier hva de har tenkt å foreta seg. Og så gjør de det hverken mer eller mindre. Nøkternt og greit.

[Teiner]

Theyre Baack!

[Hepera]

Håper vi ender dagen i pluss

[sjog]

Short som økes på den gode meldingen? Logisk sett burde kursen gå nordover på en slik melding.

[danron10]

Se dato. Shorten blei øket for to dager siden

[sjog]

Er klar over det, på mye lavere kurs enn i dag forresten. Hva som skjer i dag får vi ikke vite før i morgen. Mitt poeng var at vi har aktive short-aktører i aksjen. Kan ikke se at det har vært diskutert her.

[Londonmannen]

Shortere har sin tro og agenda. Men i tilfellet MPCC er jeg redd de tar vann over hodet. Kursen er blitt trykket ned siden den toppet ut på kr 28 i slutten av juni. Samtidig har ratenivået og verdien av skipene økt vanvittig! Problemene med logistikken ser nå ut til å vedvare ut 2022. Det vil si at MOCC vil få/er i ferd med å få ca 45% av flåten over på nye, forbedrede kontrakter i løpet av 2022.
I tillegg bekrefter dagens melding at ledelsen vil beta opp til 75% av netto fortjeneste i utbytte!

Og denne pengemaskinen driver noen og shorter på dette nivået! Trøste å bære! De må være sterke i troen! Sin tro.

[TenSing_Gundersen]

Ikke diskutert her. Vi smugleser mest på FA forum og poster tilleggdiskusjoner her

Er vel algo trading/shorting dette satt på bakgrunn av nedtrenden aksjen var i samt at den brøt støtten på 19.50 nivået.

[TenSing_Gundersen]

Work | PDT Partners

“PDT was a pioneer in the field of algorithmic trading in the 1990s and has today risen to become one of the most renowned quant investment companies in the world. What do we do? Our work consists of developing quantitative models to identify market inefficiencies and predict market movements. Once a model has been rigorously researched and tested, we deploy it to run live on our automated trading systems. These systems can trade on electronic markets all over the world, day and night, without much human intervention.”

[TenSing_Gundersen]

Hørte igjennom call i lunchen - og må si at inntrykket definitivt er stødig!

[Fartin]

Merkelig kursutvikling på en kjempenyhet. Masse cash inn og store utbytter.

[LarsErik64]

For min del har jeg en (mulig naiv) mistanke om at det er målrettet algoritmestyrt handel som presser ned kursen. Nedgang i dag var ikke det jeg forventet etter nyheten i morges, men sitter langsiktig i aksjen, og ser frem til utbytter fra Q1.

[Hoasis]

Sett i ettertid synes jeg oppgangen mandag og tirsdag var mistenkelig, opp nesten 10 % på 2 dager uten noen nyheter, så dumpes det så mye i dag med masse positive nyheter? Mylig jeg er paranoid men her tror jeg noen har fått info

[Andre10k]

Tror noen viste dagens nyhet i går ja, Oslo børs tett som en sil

[aksjewonka]

En annen forklaring til den paradoksale kursbevegelsen i dag er investorer som kjøpte MPCC over dagens kurs og benyttet anledningen til å selge seg ut. - Sell the news.
At volumet var såpass mye høyre i dag har vel å gjøre med børsmeldingen - som var meget positiv. Tenker ikke så mye om dagens kursbevegelse annet at vi skal opp.
Det som blir spennende kommende tid er om meglerhusene reviderer sine kursmål og anbefalinger.

Det skal også ilegges vekt at det var relativt bred børsnedgang i dag - 176 vs 126. men hovedindeksen gikk opp som følge av en syk syk omsetting i Autostore.