FLNG Flex LNG Ltd.

Flex LNG - Mandatory notification of trade by PDMR

Flex LNG - Mandatory notification of trade by PDMR

Hamilton, Bermuda

December 7, 2023

Flex LNG Ltd. (the "Company") has received trade notifications from the following persons discharging managerial responsibilities ("PDMRs"):

Susan Sakmar, Director, has on December 6, 2023 purchased aggregate 5,000 shares on New York Stock Exchange for an average price of USD 28.50 per share. Following the purchase, Mrs. Sakmar owns 10,000 shares in the Company.

This notification has been publicly disclosed in accordance with Article 19 of the Market Abuse Regulation section 5-12 of the Norwegian Securities Trading Act.

 

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EN
07/12/2023

Underlying

FLNGFlex LNG Ltd.

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Reports on Flex LNG Ltd.

ABGSC Shipping & Transport Research ... (+4)
  • ABGSC Shipping & Transport Research
  • Martin Mauseth
  • Oliver Dunvold
  • Petter Haugen
11/13/24 November 13, 2024 1 EN
Jørgen Lian
  • Jørgen Lian
Free Trial
FLNG FLEX LNG LTD.

Flex LNG (Buy, TP: NOK335.00) - 13% yield highly appealing

Flex LNG remains insulated in a challenging freight market, with only one vessel open into a potentially poor 2025, while the two positions for 2026 are still likely to see options extended into 2028. Lower rates have led to our minor near-term adjustments, but we see no reason to doubt its USD0.75 quarterly DPS, offering an attractive 13% dividend yield into better markets. We reiterate our BUY, but have cut our target price to NOK335 (345).

11/13/24 November 13, 2024 1 EN
ABGSC Shipping & Transport Research ... (+4)
  • ABGSC Shipping & Transport Research
  • Martin Mauseth
  • Oliver Dunvold
  • Petter Haugen
FLNG FLEX LNG LTD.

Q3 as guided, Q4 guided as expected

EBITDA of USD 70m (ABGSC and cons at 70m). Q4'24 guidance in line with expectations. Share to trade flat to slightly down vs peers.

11/12/24 November 12, 2024 1 EN
ABGSC Shipping & Transport Research ... (+4)
  • ABGSC Shipping & Transport Research
  • Martin Mauseth
  • Oliver Dunvold
  • Petter Haugen
10/29/24 October 29, 2024 1 EN
Jørgen Lian
  • Jørgen Lian
Free Trial
FLNG FLEX LNG LTD.

Flex LNG Minor model adjustments

We have slightly adjusted our rate and financing estimates. We still forecast a healthy 2024–2026 dividend yield of 11% for Flex LNG. This is supported by its solid contract backlog with limited spot exposure in the next two years, mitigating risk to what we believe will become challenging freight markets. Additionally, we see upside potential to its cUSD80k/day average 2024–2026e TCE beyond the fixed contract period, with long-term charter rates (>5 years) of cUSD90k–100k/day. The Q3 results ar...

10/07/24 October 7, 2024 1 EN

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