Ocean Yield

Curly mai 5, 2020, 6:24pm #162

Hadde håpet på $0.10 i utbytte, men med $0.05 så er det fremdeles annualisert avkastning på ca 8%. Egentlig ikke så dårlig i disse tider, og med god mulighet for økende utbytte i kommende kvartal…

TekBot mai 5, 2020, 6:32pm #163

Ocean Yield Q1 2020 Presentation

Please find attached the Q1 2020 presentation to be held tomorrow 6[th] May 2020
by webcast.

…

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Webcast

· Time: 09:00 CEST, 6[th] May 2020
· Link to
webcast (https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20200506_1)
· Link to presentation
(PDF) (https://www.oceanyield.no/content/download/2431/28246/version/1/file/Ocean
%20Yield%20Q1%202020%20Presentation.pdf)

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 mai 7, 2020, 5:46pm #164

Primary insider disclosure

The following primary insider (or related party as described below) has, 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 40,000 shares in Ocean Yield. Upon completion of such
acquisition, Lars Solbakken will own, directly or indirectly, 1,590,880 shares
in the Company.

The acquisition of shares has been made as part of the Company’s management
incentive program. The price paid per share will equal the closing price as of 7
May 2020 of NOK 23.85 per share, less a discount of 20% reflecting that the
shares will have a lock-up period of three years.

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

Kilde

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TekBot mai 8, 2020, 6:39am #165

Ex dividend USD 0.05 today

TekBot mai 9, 2020, 10:21am #166

Restructuring Implementation Agreement with Solstad Offshore for the vessels Far Senator and Far Statesman

Reference is made to Ocean Yield ASA’s (“Ocean Yield”) stock exchange notice on
31 March 2020 where Ocean Yield informed that its fully owned subsidiary, F
-Shiplease AS, had agreed on a plan to finalize the negotiations for an
…

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agreement in relation to the financial restructuring of Solstad Offshore ASA
(“SOFF”) and its subsidiaries for the vessels Far Senator and Far Statesman.

F-Shiplease AS has entered into a Restructuring Implementation Agreement (“RIA”)
with SOFF on the same terms as disclosed in Ocean Yield’s stock exchange notice
of 31 March 2020.

The effectiveness of the RIA is conditional on credit committee approvals with
the senior finance parties of SOFF. The implementation of the restructuring of
SOFF is further subject to the approval of its general meeting, relevant
bondholders’ meetings, agreement on long form documentation and related
customary condition precedent documentation. The closing of the restructuring is
expected to take place in July 2020, however, the RIA has a long stop date which
can be extended to 8 November 2020 if more time is required.

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

steeler77 mai 13, 2020, 1:06pm #167

“DNB Markets kutter kursmålet på Ocean Yield fra 38 til 30 kroner, melder TDN Direkt.”

https://finansavisen.no/nyheter/shipping/2020/05/13/7527500/dnb-markets-ser-mindre-oppside-for-ocean-yield

TekBot mai 27, 2020, 11:43am #168

Renteregulering

TekBot juni 8, 2020, 11:35am #169

Renteregulering

TekBot juni 10, 2020, 11:48am #170

Renteregulering

TekBot juni 10, 2020, 12:44pm #171

Completion of vessel sale

With reference to the press release dated 25th December 2019, where Navig8
Chemical Tankers Inc. declared the five-year purchase option on the chemical
tanker “Navig8 Aquamarine”, the transaction was successfully completed today.
…

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Following repayment of the bank debt on the vessel, the transaction will give
net cash proceeds of about USD 9.7 million for Ocean Yield. The transaction is
not expected to have any impact on the net results for Q2 2020.

Navig8 Chemical Tankers Inc. has also exercised the five-year option for the
vessel “Navig8 Amessi” and that vessel is expected to be delivered towards the
end of July.

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 juni 11, 2020, 4:02pm #172

Joint venture with Aker Capital

In order to strengthen the balance sheet, Ocean Yield ASA (“Ocean Yield” or
“Company”) has entered into an agreement with Aker Capital AS (“Aker”) whereby
Aker will acquire from Ocean Yield 50% of 7 tankers with long-term charters. The
…

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Joint Venture (“JV”) will own four LR2 product tankers with long-term charter to
the Navig8 Group and three suezmax tankers with long-term charter to Nordic
American Tankers Ltd.

Aker will pay USD 10.2 million for 50% of the shares in two new holding
companies, which is equal to the book values. Ocean Yield will continue to
guarantee the senior secured bank debt against a guarantee fee.

The JV will be accounted for as an investment in an associated company and will
strengthen Ocean Yield’s equity ratio with more than 2% points as the JV’s bank
debt will no longer be consolidated. Due to the low amount of new capital raised
in the transaction, the impact on net profit will be limited.

The transaction is conducted on arm’s lengths basis and in accordance with Ocean
Yield’s principles for related party transactions. Skandinaviska Enskilda Banken
AB (“SEB”) has provided fairness opinion for Ocean Yield. The transaction is
subject to final documentation.

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 juni 24, 2020, 12:54pm #173

Invitation to webcast of Q2 2020 results

Ocean Yield ASA will publish the Q2 2020 financial results on the Oslo Stock
Exchange on Thursday 9th July 2020 at about 20.00 CEST. We invite investors,
analysts and other interested parties to attend the webcast on Friday 10th July
…

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Webcast:

· Date: Friday 10th July 2020
· Time: 09:00 CEST
· Link to
Webcast (https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20200710_1)
· PDF Presentation will be available for download
at www.oceanyield.no (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 juni 25, 2020, 11:31am #174

Renteregulering

TekBot juli 2, 2020, 11:13am #175

Delivery of newcastlemax dry bulk newbuilding with 15 years charter

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TekBot juli 3, 2020, 2:37pm #176

The car carrier Höegh Xiamen declared a constructive total loss after fire

Höegh Xiamen is a car carrier owned by Ocean Yield ASA (“Ocean Yield”) and
employed on a bareboat contract to Höegh Autoliners. The vessel has been
declared a constructive total loss following a fire that broke out onboard the
…

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vessel in early June in Jacksonville, USA.

Ocean Yield expects to receive insurance proceeds in Q3 2020 of about USD 26
million, which is close to the book value of the vessel. The net cash proceeds
after repayment of debt related to the vessel will be about USD 8 million.

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 juli 8, 2020, 9:21am #177

Completion of vessel sale

With reference to the press release dated 22nd January 2020, where Navig8
Chemical Tankers Inc. declared the five-year purchase option on the chemical
tanker “Navig8 Amessi”, the transaction was successfully completed today.
…

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Following repayment of the bank debt on the vessel, the transaction will give
net cash proceeds of about USD 9.7 million for Ocean Yield. The transaction is
not expected to have any impact on the net results for Q3 2020.

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 juli 9, 2020, 2:34pm #178

Ocean Yield ASA: Second quarter and first half year results 2020

Fornebu, 9[th] July 2020, Ocean Yield ASA (“Ocean Yield” or the “Company”)
announces results for the second quarter and first half year ending 30[th] June
2020.
…

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Highlights

· The Board of Directors has declared a dividend of USD 0.05 per share. This
is the 28th consecutive quarterly dividend declared by the Company.
· EBITDA for Q2 2020 was USD 86.3 million. This includes USD 27.4 million of
revenue related to the vessel Höegh Xiamen, as further described below. EBITDA
adjusted for finance lease effects and excluding the revenue related to the
Höegh Xiamen was USD 86.0 million.
· Net Profit after tax for continuing operations for Q2 2020 was USD 19.2
million. Net profit after tax, including discontinued operations was USD 16.5
million. Adjusted net profit for continuing operations for Q2 2020 was USD 24.0
million.
· In May, Ocean Yield’s entered into a restructuring implementation agreement
with Solstad Offshore ASA (“Solstad”) and its subsidiaries for the vessels Far
Senator and Far Statesman. The restructuring was agreed after a standstill
period with Solstad’s creditors that was initiated in December 2018 and is
expected to close during Q3 2020.
· In June, the vessel Navig8 Aquamarine was delivered to Navig8 Chemical
Tankers Ltd.(“Navig8”), following the exercise of the five year purchase options
on two vessels on long-term bareboat charter. Post quarter end, the second
vessel, the Navig8 Amessi was also delivered back to Navig8.
· In June, Ocean Yield entered into an agreement with Aker Capital AS whereby
Aker acquired from Ocean Yield 50% interest in 7 tankers with long-term
charters.
· In June, the PCTC vessel Höegh Xiamen caught fire while loading vehicles in
Florida. The vessel has been declared a constructive total loss and Ocean Yield
expects to receive an insurance settlement of USD 26.3 million in Q3.
· Post quarter end, 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.

Lars Solbakken, CEO of Ocean Yield, said in a comment:
“The second quarter was dominated by the COVID-19 pandemic, which caused
significant market volatility. With most of our vessels on long-term, fixed rate
charters, the pandemic had limited effect on our revenues and Ocean Yield used
the second quarter to strengthen the balance sheet.”

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 juli 9, 2020, 2:38pm #179

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

TekBot juli 9, 2020, 5:03pm #180

Ocean Yield Q2 2020 Presentation

Please find attached the Q2 2020 presentation to be held tomorrow 10th July 2020
by webcast.

…

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Webcast

· Time: 09:00 CEST, 10th July 2020
· Link
to Webcast (https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20200710_1)

· Link to PDF
presentation (http://www.oceanyield.no/content/download/2543/28939/version/1/file
/Ocean%20Yield%20Q2%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

Curly juli 9, 2020, 8:36pm #181

Var vel som forventet dette, selv om noen kanskje hadde håpet på $0,1.
Med dagens aksjekurs og dollarkurs gir $0,05 i kvartalet et annualisert utbytte på 8,4%, og det er vel ikke mange selskap som gir i disse tider…?

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