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

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COOLCOOL COMPANY LTD.

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Reports on COOL COMPANY LTD.

Jørgen Lian
  • Jørgen Lian
Free Trial
EURN EURONAV NV
DHT DHT Holdings I... ... (+31)

Another abrupt change

The US Trade Representative on 17 April published revised US port fees with significant changes to the initial proposal based on industry feedback. In its current form, the fees will primarily discourage use of Chinese-controlled maritime trade services to the US, and directly affect the use of Chinese-built vessels in US ports (with several considerable exemptions to avoid harm to US trade). The previous broader fees based on fleet composition and share of Chinese-built vessels has been scrappe...

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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.
04/21/25 April 21, 2025 1 EN
Jørgen Lian
  • Jørgen Lian
Free Trial
COOL COOL COMPANY LT...

Cool Company (Buy, TP: NOK120.00) - Persevering through the storm

The share price is down sharply on all-time low freight markets and weak shipping sentiment. While we believe rates will remain depressed in 2025, we see improvements from 2026. The share price implies a 2026e P/E of ~4x, versus Flex LNG at ~8x; applying the Flex LNG multiple indicates a valuation of ~NOK100. Hence, we find the risk skewed to the upside, and reiterate our BUY and NOK120 target price.

COOL COOL COMPANY LTD.
04/14/25 April 14, 2025 1 EN
Jørgen Lian
  • Jørgen Lian
Free Trial
EURN EURONAV NV
DHT DHT Holdings I... ... (+31)

‘The times they are a-changin’

The recurring theme at our 18th Energy & Shipping Conference was geopolitical uncertainty and a potential trade war, warranting a wait-and-see approach, particularly on the Trump 2.0 effect. The consensus view pointed to high asset values, with no rush to the yards, aligning with below-NAV valuations across most of our coverage. However, panellists generally saw less downside risk than the 25% average discount to steel for our Tanker, Dry Bulk and Gas coverage. Overall, the day highlighted uncer...

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.
03/10/25 March 10, 2025 1 EN
Jørgen Lian
  • Jørgen Lian
Free Trial
COOL COOL COMPANY LT...

Cool Company (Buy, TP: NOK120.00) - Fighting an uphill battle

We expect improving markets towards 2027 on solid demand growth, offsetting the heavy delivery scheduled. We find the upside potential outweighs the downside risk in Cool Company, with c20% upside to the current share price applying USD60k/day TFDE and USD80k/day 2-stroke spot rates in 2027 on 7x EV/EBITDA and P/E, and with a NOK130/share valuation on same multiples raising the spot rate assumptions by USD10k/day. We reiterate our BUY, but have cut our target price to NOK120 (130).

COOL COOL COMPANY LTD.
02/28/25 February 28, 2025 1 EN
ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Martin Mauseth
  • Petter Haugen
COOL COOL COMPANY LTD.
02/27/25 February 27, 2025 1 EN

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