reports
- ABGSC Pulp & Paper Research
- Martin Melbye
NHY NORSK HYDRO ASA
SCA B SVENSKA CELLULOSA AKTIEBOLAGET CLASS B
STERV STORA ENSO OYJ CLASS R
HUH1V HUHTAMAKI OYJ
RROS ROTTNEROS AB
METSB METSA BOARD OYJ CLASS B
BILL BILLERUDKORSNAS AB
ATC ARCTIC PAPER SA
BRG BORREGAARD
ELK ELKEM ASA
HOLM B HOLMEN AB CLASS B
NPAPER NORDIC PAPER HOLDING
ELO ELOPAK ASA
NSKOG NORSKE SKOG ASA
Svenska Cellulosa AB SCA: 1 director
A director at Svenska Cellulosa AB SCA bought 7,000 shares at 158.480SEK and the significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two ye...
- ABGSC Pulp & Paper Research
- Ali Shemmari
- Martin Melbye
GOGL - Transition of Chief Executive Officer
GOGL - Transition of Chief Executive Officer Golden Ocean Group Limited (NASDAQ/OSE: GOGL) (the "Company" or "Golden Ocean") today announced that Lars-Christian Svensen, Chief Executive Officer of Golden Ocean Management AS, has decided to step down from his position to seek new opportunities. The Board has appointed the company’s CFO, Peder Simonsen, to take the role as Interim Chief Executive Officer and Chief Financial Officer of Golden Ocean Management AS. Mr. Svensen will be available for the company till September 1, 2024. "I would like to thank Lars-Christian for his valuable c...
- ABGSC Construct. & Real Estate Research
- Bengt Jonassen
- Njål Kleiven
- Simen Mortensen
NRC Group (Buy, TP: NOK15.00) - Ambition remains high
The Q1 underlying results were slightly better than forecast, given the low season due to winter effects, but reorganisation costs hit reported EPS. NRC hosted a CMU in conjunction with the results, now aiming for 2028 revenues of NOK10bn and a >5% adj. EBIT margin. While we find these targets high, in our view, lifting EBIT margins from current levels are needed for an improved share price. We reiterate our BUY and NOK15 target price.
- ABGSC Renewable Energy Research
- Adrian Gilani
- Åsne Holsen
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Olof Cederholm
- Stian Wibstad
ORSTED ORSTED
HEX HEXAGON COMPOSITES ASA
NEL NEL ASA
SSO SCATEC ASA
EOLU B EOLUS VIND AB
FKRFT FJORDKRAFT HOLDING ASA
CADLR CADELER
VOLUE VOLUE AS
A2QKGG HEXAGON PURUS
AKH AKER HORIZONS
ZAP ZAPTEC
VWS VESTAS WIND SYSTEMS
EWIND EDDA WIND ASA
TOM TOMRA SYSTEMS ASA
IWS-NO INTEGRATED WIND SOLUTIONS
OX2-SE OX2
- ABGSC Construct. & Real Estate Research
- Bengt Jonassen
- Njål Kleiven
- Jørgen Lian
Golden Ocean (Sell, TP: NOK140.00) - Mounting downside risk
We believe buyside expectations are founded on lasting extraordinary factors that are inflating dry bulk shipping demand by 10%+. However, we expect a reversal on flailing fundamental demand and current tailwinds normalising. This should leave the market wary of elevated asset values propping up NAVs on which equities are trading at a premium, as current 12-month charter rates suggest a yield of just 9% for Golden Ocean. We reiterate our SELL and NOK140 target price.
GOGL – Q1 2024 Presentation
GOGL – Q1 2024 Presentation Please find enclosed the presentation of Golden Ocean Group Limited’s first quarter 2024 results for today’s webcast / conference call at 15:00 CEST. Attend by Webcast: Use the follow link prior to the webcast: Attend by Conference Call: Participants will need to register online prior to the conference call via the link below. Dial-in details will be available when registered. A Q&A session will be held after the conference call/webcast. Information on how to submit questions will be given at the beginning of the session. The ...
GOGL – First Quarter 2024 Results
GOGL – First Quarter 2024 Results Golden Ocean Group Limited (NASDAQ/OSE: GOGL) (the “Company” or “Golden Ocean”), the world's largest listed owner of large size dry bulk vessels, today announced its unaudited results for the quarter ended March 31, 2024. Highlights Net income of $65.4 million and earnings per share of $0.33 (basic) for the first quarter of 2024, compared with net income of $57.5 million and earnings per share of $0.29 (basic) for the fourth quarter of 2023.Adjusted EBITDA of $114.3 million for the first quarter of 2024, compared with $123.2 mill...
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
New All-Time Highs Validates Our Bullish Outlook We continue to view the latest pullback to the 100-day MA on the S&P 500 as healthy and normal within the ongoing bull market, and our bullish outlook (since early-November 2023) remains intact. Throughout the last week of April, we discussed the possibility that further downside was limited (4/23/24 Compass) and the mounting evidence that led us to believe the lows were likely in for this pullback (4/30/24 Compass). Market dynamics remain health...
MATX MATSON INC.
EURN EURONAV NV
DHT DHT HOLDINGS INC.
ASC ARDMORE SHIPPING
SBL SAFE BULKERS INC.
NVGS NAVIGATOR HOLDINGS
LPG DORIAN LPG
DSX DIANA SHIPPING INC.
LCM COSTAMARE INC.
TK TEEKAY CORPORATION
SBLK STAR BULK CARRIERS CORP.
G2O GOLAR LNG LIMITED
GOGLO GOLDEN OCEAN GROUP LTD
CENX CENTURY ALUMINUM COMPANY
GATX GATX CORPORATION
KEX KIRBY CORPORATION
WAB WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION
OSG OVERSEAS SHIPHOLDING GROUP
AA ALCOA CORPORATION
INSW INTERNATIONAL SEAWAYS INC.
NOHA NORSK HYDRO ASA ADS
AWCMY ALUMINA LTD ADS
RTP. RIO TINTO PLC CEDEAR
STNG SCORPIO TANKERS INC.
NMM NAVIOS MARITIME PARTNERS
GSL GLOBAL SHIP LEASE INC. CLASS A
SFL SFL CORPORATION LIMITED
TNK TEEKAY TANKERS
CSTM CONSTELLIUM SE CLASS A
TNP TSAKOS ENERGY NAVIGATION LTD.
FRO FRONTLINE PLC
HSHP HIMALAYA SHIPPING LTD.
HWM HOWMET AEROSPACE INC COM
GBX GREENBRIER COMPANIES INC COM
FSTR L B FOSTER CO COM
- ABGSC Pulp & Paper Research
- Ali Shemmari
- Martin Melbye
- ABGSC Renewable Energy Research
- Adrian Gilani
- Åsne Holsen
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Olof Cederholm
- Stian Wibstad
ORSTED ORSTED
HEX HEXAGON COMPOSITES ASA
NEL NEL ASA
SSO SCATEC ASA
EOLU B EOLUS VIND AB
FKRFT FJORDKRAFT HOLDING ASA
CADLR CADELER
VOLUE VOLUE AS
A2QKGG HEXAGON PURUS
ZAP ZAPTEC
VWS VESTAS WIND SYSTEMS
EWIND EDDA WIND ASA
TOM TOMRA SYSTEMS ASA
IWS-NO INTEGRATED WIND SOLUTIONS
OX2-SE OX2
- Niclas Gehin
Rana Gruber (Buy, TP: NOK90.00) - Volatile iron ore prices
Rana Gruber reported a mixed set of Q1 results, with accounting and hedging effects as well as volatile iron ore prices, which blurred much of the underlying operational result. We have lowered our 2024–2026e EPS by 1–3% on the results and our updated forecasts for the latest iron ore futures curve and FX changes. We continue to find a 2024e P/E of 7x on current spot rates attractive, while we await the benefits of the company’s upgrade to Fe 65% and potential further upgrades longer-term. We re...
GOGL – Invitation to presentation of Q1 2024 Results
GOGL – Invitation to presentation of Q1 2024 Results Golden Ocean Group Limited (the “Company) will publish its financial results for the first quarter of 2024 on Wednesday May 22, 2024. In connection with the release, a conference call and webcast will be held as described below: Conference call and webcastA conference call will be held at 3:00 P.M. CET (9:00 A.M. New York Time) on Wednesday February 28, 2024. The presentation will be available for download from the Investor Relations section at (under "Presentations") prior to the conference call/webcast. In order to listen to the pre...
- ABGSC Renewable Energy Research
- Adrian Gilani
- Åsne Holsen
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Olof Cederholm
- Stian Wibstad
ORSTED ORSTED
HEX HEXAGON COMPOSITES ASA
NEL NEL ASA
SSO SCATEC ASA
EOLU B EOLUS VIND AB
FKRFT FJORDKRAFT HOLDING ASA
CADLR CADELER
VOLUE VOLUE AS
A2QKGG HEXAGON PURUS
ZAP ZAPTEC
VWS VESTAS WIND SYSTEMS
EWIND EDDA WIND ASA
TOM TOMRA SYSTEMS ASA
IWS-NO INTEGRATED WIND SOLUTIONS
OX2-SE OX2
- Jørgen Lian
Golden Ocean (Sell, TP: NOK140.00) - Likely topping out for now
We find the recent freight market strength and even stronger share price performance exaggerated given our dry bulk sector outlook. Chinese import demand is in question from the record-high run-rate due to flailing fundamental demand. Elevated asset values versus our rate expectations leave a fragile situation for valuations and we believe the risks outweigh the upside potential medium-term. Hence, we have downgraded to SELL (HOLD) and have cut our target price to NOK140 (142).
UPM-Kymmene Corporation: Managers’ Transactions (Kekki)
UPM-Kymmene Corporation: Managers’ Transactions (Kekki) UPM-Kymmene Corporation Managers’ Transactions 3 May 2024 at 12:30 EEST UPM-Kymmene Corporation: Managers’ Transactions (Kekki) UPM-Kymmene Corporation has on 3 May 2024 received the following notification: ____________________________________________Person subject to the notification requirementName: Mika KekkiPosition: Other senior managerIssuer: UPM-Kymmene CorporationLEI: 213800EC6PW5VU4J9U64Notification type: INITIAL NOTIFICATION____________________________________________Transaction dat...
UPM-Kymmene Oyj: Johtohenkilöiden liiketoimet (Kekki)
UPM-Kymmene Oyj: Johtohenkilöiden liiketoimet (Kekki) UPM-Kymmene Oyj Johtohenkilöiden liiketoimet 3.5.2024 klo 12.30 UPM-Kymmene Oyj: Johtohenkilöiden liiketoimet (Kekki) UPM-Kymmene Oyj on 3.5.2024 vastaanottanut seuraavan ilmoituksen: ____________________________________________IlmoitusvelvollinenNimi: Mika KekkiAsema: Muu ylin johtoLiikkeeseenlaskija: UPM-Kymmene OyjLEI: 213800EC6PW5VU4J9U64Ilmoituksen luonne: ENSIMMÄINEN ILMOITUS____________________________________________Liiketoimen päivämäärä: 2024-05-03Kauppapaikka ei sovelluInstrumenttityy...
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