BW LPG LTD

  • TickerBWLPG
  • ISINBMG173841013
  • ExchangeOslo Bors
  • SectorIndustrial Transportation
  • CountryBermuda
BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG suffers a double requalification, which weighs heavily on its r...

The independent financial analyst theScreener just downgraded the general evaluation of BW LPG (NO), active in the Marine Transportation industry. As regards its fundamental valuation, the title loses a star(s) and now shows 1 out of 4 stars. Its market behaviour is also negatively reassessed and may be considered as risky. theScreener believes that this double requalification keeps the title under pressure and justifies an overall rating downgrade to Slightly Negative. As of the analysis date October 15, 2021, the closing price was NOK 44.30 and its target price was estimated at NOK 36.31.

Jørgen Lian
  • Jørgen Lian
BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG (Buy, TP: NOK85.00) - Continues to divest older tonnage

BW LPG is still affected by the volatile market, but we remain confident that the discount to steel values should be reduced. The company is delivering on shareholder returns, having declared a DPS of USD0.1 for Q2, and we view efforts to sell older, less-efficient tonnage as highly accretive. We reiterate our BUY and lift our target price to NOK85 (82).

BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG Ltd: 1 director

A director at BW LPG Ltd sold 5,800,000 shares at 60.000NOK and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board ...

Dennis Anghelopoulos ... (+2)
  • Dennis Anghelopoulos
  • Lukas Daul
BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG - VLGC orderbook building up

~20 VLGC newbuilds added since last Q-report Indian JV consolidation is key driver of estimate revisions TP up to NOK 60 (45) due to higher asset values

Jørgen Lian
  • Jørgen Lian
BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG (Buy, TP: NOK86.00) - Still bullish on near-term outlook

We have updated our estimates to account for BW LPG’s charter portfolio and the pending consolidation of the India joint venture. We have lifted our EBITDA estimates by 27% for 2021e and c17% for 2022–2023e. Despite the volatile start to 2021, we remain bullish on the near-term outlook as propane prices and a favourable US production outlook should support freight rates. We reiterate our BUY and have lifted our target price to NOK86 (80).

BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG suffers a double requalification, which weighs heavily on its r...

The independent financial analyst theScreener just downgraded the general evaluation of BW LPG (NO), active in the Marine Transportation industry. As regards its fundamental valuation, the title loses a star(s) and now shows 1 out of 4 stars. Its market behaviour is also negatively reassessed and may be considered as risky. theScreener believes that this double requalification keeps the title under pressure and justifies an overall rating downgrade to Slightly Negative. As of the analysis date October 15, 2021, the closing price was NOK 44.30 and its target price was estimated at NOK 36.31.

Jørgen Lian
  • Jørgen Lian
BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG (Buy, TP: NOK85.00) - Continues to divest older tonnage

BW LPG is still affected by the volatile market, but we remain confident that the discount to steel values should be reduced. The company is delivering on shareholder returns, having declared a DPS of USD0.1 for Q2, and we view efforts to sell older, less-efficient tonnage as highly accretive. We reiterate our BUY and lift our target price to NOK85 (82).

BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG Ltd: 1 director

A director at BW LPG Ltd sold 5,800,000 shares at 60.000NOK and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board ...

Dennis Anghelopoulos ... (+2)
  • Dennis Anghelopoulos
  • Lukas Daul
BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG - VLGC orderbook building up

~20 VLGC newbuilds added since last Q-report Indian JV consolidation is key driver of estimate revisions TP up to NOK 60 (45) due to higher asset values

Jørgen Lian
  • Jørgen Lian
BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG (Buy, TP: NOK86.00) - Still bullish on near-term outlook

We have updated our estimates to account for BW LPG’s charter portfolio and the pending consolidation of the India joint venture. We have lifted our EBITDA estimates by 27% for 2021e and c17% for 2022–2023e. Despite the volatile start to 2021, we remain bullish on the near-term outlook as propane prices and a favourable US production outlook should support freight rates. We reiterate our BUY and have lifted our target price to NOK86 (80).

BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG suffers a double requalification, which weighs heavily on its r...

The independent financial analyst theScreener just downgraded the general evaluation of BW LPG (NO), active in the Marine Transportation industry. As regards its fundamental valuation, the title loses a star(s) and now shows 1 out of 4 stars. Its market behaviour is also negatively reassessed and may be considered as risky. theScreener believes that this double requalification keeps the title under pressure and justifies an overall rating downgrade to Slightly Negative. As of the analysis date October 15, 2021, the closing price was NOK 44.30 and its target price was estimated at NOK 36.31.

Jørgen Lian
  • Jørgen Lian
BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG (Buy, TP: NOK85.00) - Continues to divest older tonnage

BW LPG is still affected by the volatile market, but we remain confident that the discount to steel values should be reduced. The company is delivering on shareholder returns, having declared a DPS of USD0.1 for Q2, and we view efforts to sell older, less-efficient tonnage as highly accretive. We reiterate our BUY and lift our target price to NOK85 (82).

BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG Ltd: 1 director

A director at BW LPG Ltd sold 5,800,000 shares at 60.000NOK and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board ...

Dennis Anghelopoulos ... (+2)
  • Dennis Anghelopoulos
  • Lukas Daul
BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG - VLGC orderbook building up

~20 VLGC newbuilds added since last Q-report Indian JV consolidation is key driver of estimate revisions TP up to NOK 60 (45) due to higher asset values

Jørgen Lian
  • Jørgen Lian
BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG (Buy, TP: NOK86.00) - Still bullish on near-term outlook

We have updated our estimates to account for BW LPG’s charter portfolio and the pending consolidation of the India joint venture. We have lifted our EBITDA estimates by 27% for 2021e and c17% for 2022–2023e. Despite the volatile start to 2021, we remain bullish on the near-term outlook as propane prices and a favourable US production outlook should support freight rates. We reiterate our BUY and have lifted our target price to NOK86 (80).

BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG suffers a double requalification, which weighs heavily on its r...

The independent financial analyst theScreener just downgraded the general evaluation of BW LPG (NO), active in the Marine Transportation industry. As regards its fundamental valuation, the title loses a star(s) and now shows 1 out of 4 stars. Its market behaviour is also negatively reassessed and may be considered as risky. theScreener believes that this double requalification keeps the title under pressure and justifies an overall rating downgrade to Slightly Negative. As of the analysis date October 15, 2021, the closing price was NOK 44.30 and its target price was estimated at NOK 36.31.

Jørgen Lian
  • Jørgen Lian
BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG (Buy, TP: NOK85.00) - Continues to divest older tonnage

BW LPG is still affected by the volatile market, but we remain confident that the discount to steel values should be reduced. The company is delivering on shareholder returns, having declared a DPS of USD0.1 for Q2, and we view efforts to sell older, less-efficient tonnage as highly accretive. We reiterate our BUY and lift our target price to NOK85 (82).

BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG Ltd: 1 director

A director at BW LPG Ltd sold 5,800,000 shares at 60.000NOK and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board ...

Dennis Anghelopoulos ... (+2)
  • Dennis Anghelopoulos
  • Lukas Daul
BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG - VLGC orderbook building up

~20 VLGC newbuilds added since last Q-report Indian JV consolidation is key driver of estimate revisions TP up to NOK 60 (45) due to higher asset values

Jørgen Lian
  • Jørgen Lian
BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG (Buy, TP: NOK86.00) - Still bullish on near-term outlook

We have updated our estimates to account for BW LPG’s charter portfolio and the pending consolidation of the India joint venture. We have lifted our EBITDA estimates by 27% for 2021e and c17% for 2022–2023e. Despite the volatile start to 2021, we remain bullish on the near-term outlook as propane prices and a favourable US production outlook should support freight rates. We reiterate our BUY and have lifted our target price to NOK86 (80).

BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG suffers a double requalification, which weighs heavily on its r...

The independent financial analyst theScreener just downgraded the general evaluation of BW LPG (NO), active in the Marine Transportation industry. As regards its fundamental valuation, the title loses a star(s) and now shows 1 out of 4 stars. Its market behaviour is also negatively reassessed and may be considered as risky. theScreener believes that this double requalification keeps the title under pressure and justifies an overall rating downgrade to Slightly Negative. As of the analysis date October 15, 2021, the closing price was NOK 44.30 and its target price was estimated at NOK 36.31.

Jørgen Lian
  • Jørgen Lian
BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG (Buy, TP: NOK85.00) - Continues to divest older tonnage

BW LPG is still affected by the volatile market, but we remain confident that the discount to steel values should be reduced. The company is delivering on shareholder returns, having declared a DPS of USD0.1 for Q2, and we view efforts to sell older, less-efficient tonnage as highly accretive. We reiterate our BUY and lift our target price to NOK85 (82).

BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG Ltd: 1 director

A director at BW LPG Ltd sold 5,800,000 shares at 60.000NOK and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board ...

Dennis Anghelopoulos ... (+2)
  • Dennis Anghelopoulos
  • Lukas Daul
BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG - VLGC orderbook building up

~20 VLGC newbuilds added since last Q-report Indian JV consolidation is key driver of estimate revisions TP up to NOK 60 (45) due to higher asset values

Jørgen Lian
  • Jørgen Lian
BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG (Buy, TP: NOK86.00) - Still bullish on near-term outlook

We have updated our estimates to account for BW LPG’s charter portfolio and the pending consolidation of the India joint venture. We have lifted our EBITDA estimates by 27% for 2021e and c17% for 2022–2023e. Despite the volatile start to 2021, we remain bullish on the near-term outlook as propane prices and a favourable US production outlook should support freight rates. We reiterate our BUY and have lifted our target price to NOK86 (80).

BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG suffers a double requalification, which weighs heavily on its r...

The independent financial analyst theScreener just downgraded the general evaluation of BW LPG (NO), active in the Marine Transportation industry. As regards its fundamental valuation, the title loses a star(s) and now shows 1 out of 4 stars. Its market behaviour is also negatively reassessed and may be considered as risky. theScreener believes that this double requalification keeps the title under pressure and justifies an overall rating downgrade to Slightly Negative. As of the analysis date October 15, 2021, the closing price was NOK 44.30 and its target price was estimated at NOK 36.31.

Jørgen Lian
  • Jørgen Lian
BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG (Buy, TP: NOK85.00) - Continues to divest older tonnage

BW LPG is still affected by the volatile market, but we remain confident that the discount to steel values should be reduced. The company is delivering on shareholder returns, having declared a DPS of USD0.1 for Q2, and we view efforts to sell older, less-efficient tonnage as highly accretive. We reiterate our BUY and lift our target price to NOK85 (82).

BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG Ltd: 1 director

A director at BW LPG Ltd sold 5,800,000 shares at 60.000NOK and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board ...

Dennis Anghelopoulos ... (+2)
  • Dennis Anghelopoulos
  • Lukas Daul
BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG - VLGC orderbook building up

~20 VLGC newbuilds added since last Q-report Indian JV consolidation is key driver of estimate revisions TP up to NOK 60 (45) due to higher asset values

Jørgen Lian
  • Jørgen Lian
BWLPG BW LPG LTD (Industrial Goods & Services)

BW LPG (Buy, TP: NOK86.00) - Still bullish on near-term outlook

We have updated our estimates to account for BW LPG’s charter portfolio and the pending consolidation of the India joint venture. We have lifted our EBITDA estimates by 27% for 2021e and c17% for 2022–2023e. Despite the volatile start to 2021, we remain bullish on the near-term outlook as propane prices and a favourable US production outlook should support freight rates. We reiterate our BUY and have lifted our target price to NOK86 (80).

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