COOL COOL COMPANY LTD.

Cool Company Ltd. - Ex Dividend

Cool Company Ltd. - Ex Dividend

May 31, 2023

Hamilton, Bermuda

The shares in Cool Company Ltd. (Ticker: CLCO) will be traded ex dividend of $0.41 per share for the first quarter of 2023 as of today, May 31, 2023.

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

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



 



EN
31/05/2023

Underlying

COOLCOOL COMPANY LTD.

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Reports on COOL COMPANY LTD.

Jørgen Lian
  • Jørgen Lian
Free Trial
COOL COOL COMPANY LT...

Cool Company Minor model adjustments

We have updated our estimates, owing to the Q1 report, and trimmed our 2024–2026e revenue. We still believe contracting of vessels set to come open remains the key to solidifying the valuation. We see upside potential on fixing available TDFE spot earnings days at current TC rates (USD65k/day) and the second newbuild securing a broadly similar rate as the recently announced contract, which would lift our average 2025–2026e dividend yield from c8% to 12%. We do not consider these changes to be ma...

COOL COOL COMPANY LTD.
05/23/24 May 23, 2024 1 EN
Jørgen Lian
  • Jørgen Lian
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FLNG FLEX LNG LTD.
COOL COOL COMPANY LT...

Navigating a near-term lull

We expect a daunting orderbook to dent freight markets in the coming years, before the next wave of LNG export projects returning the market to healthy levels. Our BUYs on the LNGC names we cover reflect earnings visibility and attractive long-term rates underpinned by high newbuild prices, as we see the potential for a re-rating on still-building backlogs towards a brighter long-term future.

FLNG FLEX LNG LTD.
COOL COOL COMPANY LTD.
05/21/24 May 21, 2024 1 EN
Jørgen Lian
  • Jørgen Lian
Free Trial
EURN EURONAV NV
DHT DHT Holdings I... ... (+31)

Yard response and dry bulk qualms

Our trip to South Korea and China revealed Chinese shipbuilders are seeking growth to take on Korea’s established yards who are facing constraints. An eagerness to add capacity is one of our takeaways, as well as a gloomy outlook for Chinese real estate, which in our view should inevitably weigh on dry bulk demand.

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MPCC MPC CONTAINER SHIPS AS
HAUTO HOEGH AUTOLINERS ASA
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HAFNI HAFNIA
COOL COOL COMPANY LTD.
HSHP HIMALAYA SHIPPING LTD.
04/29/24 April 29, 2024 1 EN
Jørgen Lian
  • Jørgen Lian
Free Trial
EURN EURONAV NV
DHT DHT Holdings I... ... (+31)

A brewing challenge for the yards

Our 17th Annual Energy & Shipping Conference was well attended by investors and industry executives showcasing the still-growing interest for the sectors. Limited yard capacity is fuelling high newbuilding prices and raising freight rate expectations for the vast fleet renewal necessary in the coming decade. Long lead times underpin a bullish supply story for much of shipping in the coming years, albeit exposed to geopolitical risks affecting trade patterns. Our overall impression was general op...

EURN EURONAV NV
DHT DHT HOLDINGS INC.
SBL SAFE BULKERS INC.
LPG DORIAN LPG
GNK GENCO SHIPPING & TRADING LTD.
MAERSK B A.P. MOLLER - MAERSK A/S CLASS B
ODF ODFJELL ASA
WAWI WALLENIUS WILHELMSEN LOGISTICS ASA
WWI WILHELM WILHELMSEN HOLDING
SBLK STAR BULK CARRIERS CORP.
FRO FRONTLINE LTD.
G2O GOLAR LNG LIMITED
AMSC AMERICAN SHIPPING COMPANY ASA
SN6 STOLT-NIELSEN LTD.
BWLPG BW LPG LTD.
GOGLO GOLDEN OCEAN GROUP LTD
AVACF AVANCE GAS HOLDINGS LTD
HUNT HUNTER GROUP ASA
STNG SCORPIO TANKERS INC.
FLNG FLEX LNG LTD.
SFL SFL CORPORATION LIMITED
TNK TEEKAY TANKERS
2020 2020 BULKERS LTD
KCC KLAVENESS COMBINATION CARRIERS
EGLE EAGLE BULK SHIPPING
MPCC MPC CONTAINER SHIPS AS
HAUTO HOEGH AUTOLINERS ASA
WEST WESTERN BULK CHARTERING
HAFNI HAFNIA
COOL COOL COMPANY LTD.
HSHP HIMALAYA SHIPPING LTD.
03/08/24 March 8, 2024 1 EN
Jørgen Lian
  • Jørgen Lian
Free Trial
COOL COOL COMPANY LT...

Cool Company (Buy, TP: NOK155.00) - All about contract execution

Cool Company’s contract backlog leaves exposure to what we believe will be a soft spot market in the years ahead due to a heavy delivery schedule, only partly countered by export growth. However, we still estimate a 10% average 2025–2026 dividend yield on our cUSD43k/day TFDE spot rate, and calculate upside potential to a c15% dividend yield on the current implied 2025–2026e TC rate. Thus, we reiterate our BUY, but have cut our target price to NOK155 (166), on our average 2025–2026e to reflect t...

COOL COOL COMPANY LTD.
02/29/24 February 29, 2024 1 EN

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