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ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Oliver Dunvold
  • Petter Haugen

Stronger market, stronger guidance

Q2'24e up on solid guidance. ABGSC '25e EBITDA of USD 1,121m (+36% vs. consensus). TP of DKK 340 (310) – BUY.

ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Oliver Dunvold
  • Petter Haugen

Still at ~10% discount to current NAV

Minor adjustments - Q1e up, long-term reiterated. ABGSC '25e EBITDA +73% vs. cons. TP of NOK 225 (214) – P/NAV of 0.89x.

ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Oliver Dunvold
  • Petter Haugen

Leverage too low, more dividends needed

Q2 will likely see the first special dividend. '25e EBITDA +24% vs. consensus. TP NOK 203 (200) – BUY.

Village of Oregon, WI: Update to credit analysis

Our credit view of this issuer reflects its strong reserves and liquidity, offset by its elevated long-term liabilities.

City of Baytown, TX: Update to credit analysis

Our view of the city's profile, highlighting below median adjusted income levels, growing tax base with industrial concentration, above median reserves, and favorable leverage.

WIN Waste Innovations Holdings Inc.: Update following downgrade of CFR...

Our credit view of this issuer reflects its sustained weak liquidity and high leverage.

Government of Panama: Pro-business Mulino wins presidential election, ...

Centre-right José Raúl Mulino, the winner of Panama's presidential election, will have to contend with numerous pressures on the fiscal accounts after he takes office on 1 July 2024.

Moody's Ratings assigns Aa2 enhanced to Greenbrier School District 47,...

Moody's Ratings (Moody's) has assigned a Aa2 enhanced rating to Greenbrier School District 47, AR's Construction Bonds in the anticipated par amount of $5.1 million. The Aa2 enhanced rating is based on the Arkansas School District Intercept Program rating. RATINGS RATIONALE The Aa2 rating is bas...

 PRESS RELEASE

Dominion Lending Centres Inc. Announces Shareholders Meeting Results

Dominion Lending Centres Inc. Announces Shareholders Meeting Results VANCOUVER, British Columbia, May 09, 2024 (GLOBE NEWSWIRE) -- Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to report that the following seven (7) director nominees were elected at today’s annual general meeting of shareholders:  VOTES FORVOTES WITHHELD NumberPercent (%)NumberPercent (%)Gary Mauris35,890,43299.9%15,7540.1%Chris Kayat35,890,43299.9%15,7540.1%Trevor Bruno35,202,18298.0%704,0042.0%James Bell35,890,43299.9%15,7540.1%Kingsley Ward35,202,18298.0%704,4042.0%Ron Gratton35,890,...

 PRESS RELEASE

Union Pacific's Big Boy No. 4014 Returns this Summer with Public Displ...

OMAHA, Neb.--(BUSINESS WIRE)-- Union Pacific's legendary Big Boy No. 4014, the world’s largest operating steam locomotive built to conquer mountains, will make 19 whistle-stops in five states this summer during its 2024 Westward Bound Tour from Wyoming to California. In addition, this mighty steam locomotive will be on public display for two days each in Roseville, California, July 12-13, and Ogden, Utah, July 20-21. Big Boy will leave its home base in Cheyenne, Wyoming, on June 30, traveling across Wyoming, Utah, Nevada, and California. On its return trip to Wyoming, it will travel for a ...

 PRESS RELEASE

FutureFuel to Release First Quarter 2024 Financial Results on May 10, ...

FutureFuel to Release First Quarter 2024 Financial Results on May 10, 2024  CLAYTON, Mo., May 09, 2024 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE: FF) (“FutureFuel”), a manufacturer of custom and performance chemicals and biofuels, today announced that in order to allow for the completion of certain procedures by FutureFuel and its independent registered public accounting firm, it is delaying the announcement of its first quarter 2024 financial results from today until after market close on May 10, 2024. About FutureFuel FutureFuel is a leading manufacturer of diversified chemical p...

Moody's Ratings assigns initial Aa3 to Newberry, FL's non-ad valorem b...

Moody's Ratings (Moody's) has assigned an initial Aa3 issuer rating to the City of Newberry, Florida. Additionally, Moody's has assigned a Aa3 non-ad valorem rating to the city's approximately $7 million Capital Improvement Revenue Bonds, Series 2024. Inclusive of the current issuance the city has a...

Moody's Ratings updates Disclosures Related to Credit Rating Informati...

Moody's Ratings (Moody's) has published an updated Disclosures Related to Credit Rating Information Removed from Website Display report.  To access the report, please go to /documents/PBC_1406020, or alternatively, navigate to the Regulatory Affairs Disclosures page on http...

Moody's Ratings assigns Aa3 to Windsor Heights, IA's Series 2024A GOUL...

Moody's Ratings (Moody's) has assigned a Aa3 rating to the City of Windsor Heights, IA's General Obligation Urban Renewal Bonds, Series 2024A with a likely par value of about $8.4 million. Moody's maintains the city's Aa3 issuer rating and Aa3 rating on outstanding general obligation unlimited tax (...

City of Miami, FL: Update to credit analysis

Our credit view of this issuer reflects its strong financial position with ample liquidity, offset by its very low wealth levels.

UMB Financial Corporation: Update following review for downgrade drive...

Our credit view of this issuer reflects its stable profitability, against its pockets of elevated loan growth.

CPI Holdco B, LLC: Credit analysis following assignment of first-time ...

Our credit view of Creative Planning reflects its solid franchise with strong organic growth, constrained by its propensity to engage in debt-funded acquisitions and key-person risk.

Moody's Ratings assigns Aaa to Tredyffrin-Easttown School District, PA...

Moody's Ratings (Moody's) has assigned a Aaa general obligation limited tax (GOLT) rating to Tredyffrin-Easttown School District, PA's estimated $37.0 million General Obligation Bonds, Series of 2024. Moody's affirmed the district's Aaa issuer and GOLT ratings, with no outlook. Previously the outloo...

 PRESS RELEASE

Onex Confirms Election of Directors

Onex Confirms Election of Directors All amounts in U.S. dollars unless otherwise stated  TORONTO, May 09, 2024 (GLOBE NEWSWIRE) -- Onex Corporation (“Onex”) (TSX: ONEX) confirms all nominees set forth in the management information circular for its May 9, 2024 Annual and Special Meeting of Shareholders have been elected as directors of the Company. Detailed results of the vote for each director are set out below. NomineeElected by% Votes ForGerald W. SchwartzMultiple Voting Shares100Mitchell GoldharMultiple Voting Shares100Ewout HeersinkMultiple Voting Shares100John B. McCoyMultiple Voti...

Moody's Ratings assigns Aa2 enhanced to Bauxite School District 14, AR...

Moody's Ratings (Moody's) has assigned a Aa2 enhanced rating to Bauxite School District 14, AR's Construction Bonds in the anticipated par amount of $1.6 million. The Aa2 enhanced rating is based on the Arkansas School District Intercept Program rating. RATINGS RATIONALE The Aa2 rating is based ...

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