FLNG Flex LNG Ltd.

FLNG – Q4 2019 Presentation

FLNG – Q4 2019 Presentation

FLNG – Q4 2019 Presentation

Please find enclosed the presentation of Flex LNG Ltd.’s fourth quarter 2019 results to be held on the investor day and through webcast/conference call February 26, 2020 at 3:00 p.m. CET (9:00 a.m. EST).

Attend by Webcast:

Use to the follow link prior to the webcast:

Attend by Conference Call:

Applicable dial-in telephone numbers are as follows:

Norway:

United Kingdom: +44 (0) 203 0095710

United Kingdom (local): 0844 493 3857

United States (Toll Free):

Confirmation Code: 1758646

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

Attachment

EN
26/02/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Flex LNG Ltd.

ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Martin Mauseth
  • Petter Haugen
ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Martin Mauseth
  • Petter Haugen
ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Martin Mauseth
  • Petter Haugen
Jørgen Lian
  • Jørgen Lian

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...

Jørgen Lian
  • Jørgen Lian

Flex LNG (Buy, TP: NOK320.00) - Set to hold course on 14% DPS yield

With ~90% of days fixed for 2025 and 2026, and a cash balance of 11x its ‘regular’ quarterly dividend, Flex LNG’s USD0.75 DPS looks insulated from market storm, offering a compelling 14% yield. Additionally, we expect freight markets to recover from 2026, with current newbuild prices implying a long-term TC contract of cUSD90k/day to justify the investment, in our opinion supporting a firm long-term rate outlook. We reiterate our BUY but have cut our target price to NOK320 (340).

ResearchPool Subscriptions

Get the most out of your insights

Get in touch