Ocean Yield

E24Bot september 14, 2020, 3:05pm #202

Kjell Inge Røkkes Ocean Yield tar milliardnedskrivninger for tredje kvartal

E24Bot september 14, 2020, 3:11pm #203

Kjell Inge Røkkes Ocean Yield tar milliardnedskrivninger

TekBot september 21, 2020, 11:41am #204

Renteregulering

TekBot september 24, 2020, 8:00pm #205

Primary insider disclosure

The following primary insiders (or their related parties as described below)
have, as part of the company’s incentive program, committed to acquire shares in
Ocean Yield ASA (the “Company” or “Ocean Yield”):
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· Lars Solbakken, CEO of Ocean Yield ASA, has through his wholly owned company
Finmarine AS acquired 30,000 shares in Ocean Yield. Upon completion of such
acquisition, Lars Solbakken will own, directly or indirectly, 1,670,880 shares
in the Company.
· Eirik Eide, CFO of Ocean Yield ASA, has through his wholly owned company
Kleiver Invest AS acquired 30,000 shares in Ocean Yield. Upon completion of such
acquisition, Eirik Eide will own, directly or indirectly, 410,051 shares in the
Company.
· Marius Magelie, SVP Finance & Investor Relations, has through his wholly
owned company MGM Invest AS committed to acquire 10,000 shares in Ocean Yield.
Upon completion of such acquisition, Marius Magelie will own, directly or
indirectly, 149,620 shares in the Company.

The acquisition of shares will be made as part of the Company’s management
incentive program. The price paid per share will equal the closing price as of
24th September 2020 of NOK 21.25 per share, less a discount of 20% reflecting
that the shares will have a lock-up period of three years.

The Company intends to deliver the shares in the form of treasury shares held by
or acquired by the Company, and will in order to have shares available for the
incentive program buy back a total of up to 100,000 shares in the Company
through open market purchases, adding to the Company’s current holding of 74,371
treasury shares.

This information is subject of the disclosure requirements pursuant to section 5
-2 and 4-2 of the Norwegian Securities Trading Act.

Kilde

ovstebo september 24, 2020, 8:18pm #206

Dette er jo sånn som skjer i alle selskaper, men må si det er betryggende at de kjøper aksjer med 3 års lock-up for “bare” 20% rabatt. Særlig betryggende at det er litt volum også.

TekBot september 25, 2020, 2:15pm #207

Purchase of treasury shares

Reference is made to Ocean Yield ASA’s (“Ocean Yield” or “Company”) stock
exchange notice on 24 September 2020 where the Company announced its intention
to purchase up to 100,000 treasury shares in connection with its incentive
…

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scheme for employees. Ocean Yield has on 25 September 2020 purchased 50,000
shares in the Company on Oslo Stock Exchange at an average price of NOK
21.99 per share, which implies a total consideration of NOK 1,099,740. The
purchase of treasury shares was carried out in accordance with an authorization
granted by the Annual General Meeting of the Company on 22 April 2020.

Following the transaction, the Company holds a total of 124,371 treasury shares.

The information contained herein is subject to the disclosure requirements of
section 4-2 of the Norwegian Securities Trading Act.

Kilde

TekBot september 28, 2020, 3:53pm #208

Purchase of treasury shares

Reference is made to Ocean Yield ASA’s (“Ocean Yield” or “Company”) stock
exchange notice on 24 September 2020 where the Company announced its intention
to purchase up to 100,000 treasury shares in connection with its incentive
…

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scheme for employees. Ocean Yield has on 28 September 2020 purchased 50,000
shares in the Company on Oslo Stock Exchange at an average price of NOK 22.7150
per share, which implies a total consideration of NOK 1,135,750. The purchase of
treasury shares was carried out in accordance with an authorization granted by
the Annual General Meeting of the Company on 22 April 2020.

Following the transaction, the Company holds a total of 174,371 treasury shares.

The information contained herein is subject to the disclosure requirements of
section 4-2 of the Norwegian Securities Trading Act.

Kilde

TekBot september 30, 2020, 4:39pm #209

Completion of sale of the SBM Installer

TekBot oktober 16, 2020, 11:16am #210

Acquisition of two suezmax newbuildings with long-term charters

Ocean Yield ASA has agreed to acquire two suezmax newbuilding tankers with 10
-year bareboat charters to Nordic American Tankers Ltd (“NAT”). The net purchase
price will be up to USD 44 million per vessel after seller’s credits of minimum
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20%.

The vessels are scheduled for delivery by the yard, Samsung Heavy Industries,
South Korea, during the first half of 2022. NAT will have certain options to
acquire or to sell the vessels during the charter period.

NAT is a crude tanker company listed on the New York Stock Exchange with a fleet
of 25 Suezmax tankers, including these two newbuildings.

Company contact:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82

Company information:

Ocean Yield ASA is a ship owning company with investments in vessels on long
-term charters. The company has a significant contract backlog that offers
visibility with respect to future earnings and dividend capacity.

Kilde

odin1 oktober 16, 2020, 8:43pm #211

Regner med kursen stiger nå etter at et par store aksjonære straks er ferdige og selge seg ut !
Samt at utbytte sannsynlegvis i neste kvartal blir økt

3 Likes

TekBot oktober 20, 2020, 1:39pm #212

Invitation to webcast of Q3 2020 results

Ocean Yield ASA will publish the Q3 2020 financial results on the Oslo Stock
Exchange on Monday 2[nd] November 2020 at about 20.00 CET. We invite investors
and other interested parties to attend the webcast on Tuesday 3[rd] November
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Webcast

· Date: Tuesday 3[rd] November 2020
· Time: 09:00 CET
· Webcast: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20201103_9
· PDF Presentation will be available for download here:
https://www.oceanyield.no/Investor-Relations/Reports-and-presentations

Company contact:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82

Company information:

Ocean Yield ASA is a ship owning company with investments in vessels on long
-term charters. The company has a significant contract backlog that offers
visibility with respect to future earnings and dividend capacity.

Kilde

TekBot november 2, 2020, 4:49pm #213

Third Quarter results 2020

Fornebu, 2[nd] November 2020, Ocean Yield ASA (“Ocean Yield” or the “Company”)
announces results for the third quarter 2020.

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Highlights

· The Board of Directors has declared a dividend of USD 5.15 cents per share.
This is an increase of USD 0.15 cents compared to the previous quarter and is
the 29th consecutive quarterly dividend declared by the Company.
· EBITDA for Q3 2020 was USD 52.2 million and EBITDA adjusted for finance
lease effects was USD 75.8 million.
· Net Profit after tax for Q3 2020 was negative USD 104.4 million. This is
mainly due to previously announced impairments of USD 129.4 million related to
the book value of the FPSO Dhirubhai-1 and the offshore construction & cable-lay
vessel Connector. Adjusted net profit for Q3 2020 was USD 24.5 million.
· In August, the newcastlemax dry-bulk vessel Mineral Qingdao was delivered to
Ocean Yield and the vessel commenced a 15-year bareboat charter to CMB NV upon
delivery.
· Ocean Yield’s 75% interest in the diving support & offshore construction
vessel SBM Installer was sold to SBM Offshore at the end of the quarter.
· A call notice for NOK 300 million was issued on the bond issue OCY04.
Settlement has been done post quarter end.
· Post quarter end, the restructuring agreement with Solstad Offshore for two
AHTS vessels was closed and is now effective.
· Also post quarter end, Ocean Yield announced the investment in two Suezmax
newbuildings with 10-year charter to Nordic American Tankers Ltd.

Lars Solbakken, CEO of Ocean Yield, said in a comment:

“We are pleased to announce an increase in dividends for the third quarter. The
current dividend level is conservative relative to expected future earnings and
the intention is to gradually increase the dividends further going forward.
Despite market volatility caused by COVID-19, all our counterparties are
performing according to the respective charter contracts and we are of the
opinion that the counterparty risk has been reduced during Q3. The book values
of two of our oil-service vessels have been substantially reduced in Q3
reflecting a less favourable market outlook for these vessels due to the low oil
price. Post quarter end Ocean Yield announced the investment in two suezmax
newbuildings with 10 year charter contracts and these vessels will contribute to
increased earnings and dividend capacity as from delivery.”

Company contact:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82

Company information:

Ocean Yield ASA is a ship owning company with investments in vessels on long
-term charters. The company has a significant contract backlog that offers
visibility with respect to future earnings and dividend capacity.

Kilde

TekBot november 2, 2020, 4:53pm #214

Key information relating to the cash dividend to be paid by Ocean Yield ASA

TekBot november 2, 2020, 5:55pm #215

Ocean Yield Q3 2020 Presentation

Please find attached the Q3 2020 presentation to be held tomorrow 3[rd] November
2020 by webcast.

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Webcast

· Time: 09:00 CET, 3[rd] November 2020
· Link to
Webcast (https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20201103_9)
· Link
to PDF (https://www.oceanyield.no/content/download/2753/30208/version/1/file/Ocea
n%20Yield%20Q3%202020%20Presentation.pdf)
· Link to Webpage (https://www.oceanyield.no/Investor-Relations/Reports-and
-presentations)

Company contact:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82

Company information:

Ocean Yield ASA is a ship owning company with investments in vessels on long
-term charters. The company has a significant contract backlog that offers
visibility with respect to future earnings and dividend capacity.

Kilde

1 Like

TekBot november 5, 2020, 7:43am #216

Ex utbytte USD 0.0515 i dag

TekBot november 5, 2020, 7:43am #217

Ex dividend USD 0.0515 today

TekBot november 23, 2020, 12:35pm #218

Renteregulering

TekBot desember 4, 2020, 8:17pm #219

Sale of the offshore construction & cable-lay vessel Connector

Ocean Yield ASA (“Ocean Yield” or “Company”) has today entered into an agreement
to sell the offshore construction and cable-lay vessel Connector to a third
party. The vessel is expected to be delivered to the buyer during the fourth
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quarter.

Connector is a highly advanced subsea construction & cable-lay vessel that was
operating on a long-term bareboat charter until February 2017. In anticipation
of a market recovery, Ocean Yield has for the past years traded the vessel in
the short-term market. As the market has remained challenging, Connector has
contributed negatively to both net profit and cash flow.

Considering the current weak outlook for the oil service segment and that an
industrial setup is required to operate the vessel efficiently in the cable-lay
market, Ocean Yield believes it is in the best interest of the Company to
dispose of the vessel as this will reduce the portfolio risk and improve net
profit and cash flow. The sale will therefore strengthen the Company’s dividend
capacity going forward.

The sale will be cash flow neutral after settlement of debt related to the
vessel. Ocean Yield will record a non-cash book loss related to the sale of
approximately USD 70 million in the Q4 2020 financial statements. The Company
expects only a marginal decrease in the book equity ratio at the end of Q4
compared to Q3, mainly explained by a reduction in total assets due to the sale
of Connector and prepayment of debt.

Company contact:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82

Company information:

Ocean Yield ASA is a ship owning company with investments in vessels on long
-term charters. The company has a significant contract backlog that offers
visibility with respect to future earnings and dividend capacity.

Kilde

1 Like

TekBot desember 8, 2020, 12:38pm #220

Renteregulering

TekBot desember 10, 2020, 12:28pm #221

Renteregulering