View 
FILTERS (0)
* Not connected to ResearchPool

MORE FILTERS

  
reports

Concordia Maritime Ab: 1 director

A director at Concordia Maritime Ab sold 33,758 shares at 9.800SEK and the significance rating of the trade was 68/100. 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 years cl...

Petter Haugen ... (+2)
  • Petter Haugen
  • Torjus Loftheim

Concordia Maritime - Terminating coverage

ABGSC terminates coverage of Concordia Maritime… …due to the end of the contractual period Last published estimates are shown in this report

Dennis Anghelopoulos ... (+2)
  • Dennis Anghelopoulos
  • Lukas Daul

Concordia Maritime - New term sheet should solve liquidity issues

We expect Q2’21e EBITDA of SEK 9m Tanker rates continue to remain under pressure Debt amortisation and divestments ahead

Dennis Anghelopoulos ... (+2)
  • Dennis Anghelopoulos
  • Lukas Daul

Concordia Maritime - Entering discussions with banks and Stena

Stronger than expected Q2’21 bookings Liquidity of SEK 233m ~SEK 284m in cash commitments remaining in 2021e

Dennis Anghelopoulos ... (+2)
  • Dennis Anghelopoulos
  • Lukas Daul

Concordia Maritime - Market remains weak

Q1’21 bookings higher than our expectations New financing for dry-docking capex Challenging market outlook as stocks are drawn

Dennis Anghelopoulos ... (+2)
  • Dennis Anghelopoulos
  • Lukas Daul

Concordia Maritime - Rates at opex, challening year ahead

We expect Q4’20 EBITDA of SEK 12m 2021e EBITDA reduced to SEK 66m (SEK 205m)

Dennis Anghelopoulos ... (+2)
  • Dennis Anghelopoulos
  • Lukas Daul

Concordia Maritime - Stock draws likely to continue into 2022

Q4’20 bookings slightly above our expectations Additional Suezmax exposure of ~1.7 vessels for ~1 year Tanker market likely to remain challenged through 2021

Dennis Anghelopoulos ... (+2)
  • Dennis Anghelopoulos
  • Lukas Daul

Concordia Maritime - Oil stock hangover looms

We expect Q3’30 EBITDA of SEK 69m Rates at opex levels World oil supply will not reach 2019 levels until 2023e

Dennis Anghelopoulos ... (+2)
  • Dennis Anghelopoulos
  • Lukas Daul

Concordia Maritime - Tanker market entering choppy waters

Q3’20 bookings above expectations Stocks draws & less refinery runs to lower tanker demand Notable dry-docking NTM and potential for fleet expansion

Dennis Anghelopoulos ... (+2)
  • Dennis Anghelopoulos
  • Lukas Daul

Concordia Maritime - Stock draws reduce tanker demand

Rates have dropped since the Q1 report… …having fallen below cash breakeven so far in Q3… …and we now expect less upside in Q4

Dennis Anghelopoulos ... (+2)
  • Dennis Anghelopoulos
  • Lukas Daul

Concordia Maritime - TC coverage reduces uncertainty

Q1’20 EBITDA at SEK 123m Negative rate revisions Company expands TC coverage, expects more to come

Dennis Anghelopoulos ... (+2)
  • Dennis Anghelopoulos
  • Lukas Daul

Concordia Maritime - Strong market should support bookings

We expect Q1’20 EBITDA of SEK 113m Q2’20 bookings should be strong More TC coverage to come

Dennis Anghelopoulos ... (+2)
  • Dennis Anghelopoulos
  • Lukas Daul

Concordia Maritime - Entered the upcycle, volatility to come

Q4’19 EBITDA at SEK 62m, lower than expected Small negative Q1’20 revisions Refinancing helps to unlock additional liquidity

Dennis Anghelopoulos ... (+2)
  • Dennis Anghelopoulos
  • Lukas Daul

Concordia Maritime - Crude tanker rates spike, product to follow

We expect Q4’19 EBITDA of SEK 130m Crude tanker rate spike should support product rates Increase in 2020e driven by Suezmax rates

Dennis Anghelopoulos ... (+2)
  • Dennis Anghelopoulos
  • Lukas Daul

Concordia Maritime - Securing time charter coverage

Q3 beat driven by one-off Minor negative Q4’19 revisions Secures TC coverage for 3 vessels above CBE

Dennis Anghelopoulos ... (+2)
  • Dennis Anghelopoulos
  • Lukas Daul

Concordia Maritime - Tankers entering the upcycle

We expect Q3’19 EBITDA of SEK 18m Product tankers poised to take off IMO regulation beginning to show positive effects

Dennis Anghelopoulos ... (+3)
  • Dennis Anghelopoulos
  • Eirik Thune Øritsland
  • Lukas Daul

Sector Report - ABGSC Shipping ESG Survey – First edition

The shipping industry has historically elicited concerns about gender balance. Meanwhile, governance concerns regarding tunnelling and control over management, while greatly reduced in recent years, still exist. Safety, corruption, labour standards, vessel demolition, and vetting performance are also key ESG issues. Following globally accepted principles, the company has policies on employee Code of Conduct, Diversity, Non-Harassment, Whistle Blowing, Anti-Bribery and Corruption (based on UK Ant...

Dennis Anghelopoulos ... (+2)
  • Dennis Anghelopoulos
  • Lukas Daul

Concordia Maritime - Better Q2, but Q3 bookings weaker

Q2 EBITDA of SEK 53m Repositioning its fleet for IMO 2020 Weaker Q3 bookings lead to estimate cuts

Dennis Anghelopoulos ... (+2)
  • Dennis Anghelopoulos
  • Lukas Daul

Concordia Maritime - Awaiting the IMO 2020 spark

We expect Q2’19 EBITDA of SEK 37m Refining profitability to support tanker demand Crude oil market providing support

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...

Loading...
New interest

Save your current filters as a new Interest

Please enter a name for this interest

Email alerts

Would you like to receive real-time email alerts when a new report is published under this interest?

Save This Search

These search results will show up under 'Saved searches' in the left panel

Please enter a name for this saved search

ResearchPool Subscriptions

Get the most out of your insights

Get in touch