reports
- Jørgen Lian
A. P. Møller Mærsk (Sell, TP: DKK9000.00) - Challenging the deep value...
The Q1 results proved disappointing to buy-side expectations, though reasonably aligned and even bullish compared to near-term consensus. Their market commentary could raise expectations above the upper end of the potentially conservative guidance, but we struggle to see the intrinsic value when facing the bleak container markets for 2025–2026e. We reiterate our SELL and have cut our target price to DKK9,000 (9,600).
- ABGSC Services Research
- Stefan Knutsson
- ABGSC Shipping & Transport Research
- Oliver Dunvold
- Petter Haugen
- ABGSC Shipping & Transport Research
- Oliver Dunvold
- Petter Haugen
Ændring af selskabskapital
Ændring af selskabskapital Selskabsmeddelelse nr. 15/2024Peberlyk 4DK-6200 AabenraaTelefon Sydbank A/SCVR-nr. DK 12626509, Aabenraasydbank.dk1. maj 2024 Ændring af selskabskapital På Sydbank A/S’ ordinære generalforsamling den 21. marts 2024 blev det besluttet at nedsætte bankens selskabskapital med nominelt 19.119.000 kr. ved annullering af 1.911.900 stk. aktier, som blev erhvervet under bankens aktietilbagekøbsprogram i 2023. Kreditorernes frist for at anmelde krav er udløbet, og bestyrelsen har efterfølgende besluttet at gennemføre kapitalnedsættelsen. Kapitalned-sættelsen v...
Change of share capital
Change of share capital Company Announcement No 15/2024Peberlyk 46200 Aabenraa, DenmarkTel Sydbank A/SCVR No DK 12626509, Aabenraasydbank.dk1 May 2024 Dear Sirs Change of share capital At the AGM of Sydbank A/S held on 21 March 2024 it was resolved to reduce the Bank’s share capital by nominally DKK 19,119,000 by cancelling 1,911,900 shares which were purchased under the Bank’s share buyback programme in 2023. The creditors’ time limit for filing claims has expired and the Board of Directors has subsequently decided to implement the capital reduction. The capital reduction w...
Sydbanks delårsrapport – 1. kvartal 2024
Sydbanks delårsrapport – 1. kvartal 2024 Selskabsmeddelelse nr. 14/20241. maj 2024 Sydbanks delårsrapport – 1. kvartal 2024 Hovedpunkter fra regnskabet for 1. kvartal 2024 Periodens resultat på 861 mio. kr. giver en egenkapitalforrentning på 23,4 pct. p.a. efter skatBasisindtjening på 1.849 mio. kr. er 13 pct. højere end i samme periode i 2023Handelsindtjening på 89 mio. kr. mod 117 mio. kr. i samme periode i 2023Basisomkostninger på 831 mio. kr. mod 797 mio. kr. i samme periode i 2023Basisresultat før nedskrivninger på 1.107 mio. kr. er 16 pct. højere end i samme periode i 2023Nedskri...
Sydbank’s Interim Report – Q1 2024
Sydbank’s Interim Report – Q1 2024 Company Announcement No 14/20241 May 2024 Sydbank’s Interim Report – Q1 2024 Q1 2024 – highlights Profit for the period of DKK 861m equals a return on equity of 23.4% p.a. after taxCore income of DKK 1,849m is 13% higher compared to the same period in 2023Trading income of DKK 89m against DKK 117m in the same period in 2023Costs (core earnings) of DKK 831m against DKK 797m in the same period in 2023Core earnings before impairment of DKK 1,107m are 16% higher compared to the same period in 2023Impairment charges for loans and advances etc represent an ...
STEMMERETTIGHEDER OG SELSKABSKAPITAL
STEMMERETTIGHEDER OG SELSKABSKAPITAL SELSKABSMEDDELELSE nr. 33 - 30. april 2024 Efter gennemførsel af kapitalnedsættelsen meddelt 16. april 2024 er det samlede antal stemmerettigheder og den samlede kapital i DFDS A/S pr. dags dato som følger: Selskabskapital (DKK): 1.159.391.940Antal aktier: 57.969.597Antal stemmer*: 57.969.597 *hver aktie a nominelt DKK 20 giver én stemme på generalforsamlingen. Egne aktier er inkluderet i totalerne ovenfor. I henhold til kapitalmarkedslovens § 32 er DFDS A/S forpligtet til særskilt at meddele det samlede antal ste...
VOTING RIGHTS AND SHARE CAPITAL
VOTING RIGHTS AND SHARE CAPITAL COMPANY ANNOUNCEMENT no. 33 - 30 April 2024 Following the completion of the share capital reduction announced on 16 April 2024, the total number of voting rights and the total share capital in DFDS A/S as of today are as follows: Share capital (DKK): 1.159,391,940Number of shares: 57,969,597 Number of votes*: 57,969,597 * each share of nominally DKK 20 each carries one vote at the general meeting. Treasury shares are included in the numbers above. According to S. 32 of the Danish Capital Markets Act, DFDS A/S is required to sep...
- ABGSC Healthcare Research
- Morten Larsen
- Jørgen Lian
Yard response and dry bulk qualms
Our trip to South Korea and China revealed Chinese shipbuilders are seeking growth to take on Korea’s established yards who are facing constraints. An eagerness to add capacity is one of our takeaways, as well as a gloomy outlook for Chinese real estate, which in our view should inevitably weigh on dry bulk demand.
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.
INVITATION TIL TELEKONFERENCE OM DFDS’ RAPPORT FOR 1. KVT. 2024
INVITATION TIL TELEKONFERENCE OM DFDS’ RAPPORT FOR 1. KVT. 2024 INVESTOR NEWS nr. 32 - 29. april 2024 DFDS’ kvartalsrapport for 1. kvt. 2024 forventes offentliggjort 8. maj 2024 omkring kl. 07.30. Rapporten præsenteres på en telekonference af Torben Carlsen, CEO og Karina Deacon, CFO. Efter præsentationen, der foregår på engelsk, vil der være mulighed for at stille spørgsmål. Investorer, analytikere og andre er velkommen til at deltage. Telekonference Dato: 8. maj 2024 Tidspunkt: Kl. 10.00 Registrering: Registrer forud via dette . Adga...
INVITATION TO CONFERENCE CALL FOR DFDS’ REPORT FOR Q1 2024
INVITATION TO CONFERENCE CALL FOR DFDS’ REPORT FOR Q1 2024 INVESTOR NEWS no. 32 - 29 April 2024 DFDS expects to publish the report for Q1 2024 on 8 May 2024 at around 07:30 CET. Torben Carlsen, CEO, and Karina Deacon, CFO, will present the report on a live conference call. The presentation will be followed by a Q&A session. Investors, analysts and other interested parties are invited to take part. Conference call Date: 8 May 2024Time: 10:00 CETRegistration: Register ahead of the call via this . Access code is mailed after registration. ...
INVITATION TO CONFERENCE CALL FOR DFDS’ REPORT FOR Q1 2024
INVITATION TO CONFERENCE CALL FOR DFDS’ REPORT FOR Q1 2024 INVESTOR NEWS no. 32 - 29 April 2024 DFDS expects to publish the report for Q1 2024 on 8 May 2024 at around 07:30 CET. Torben Carlsen, CEO, and Karina Deacon, CFO, will present the report on a live conference call. The presentation will be followed by a Q&A session. Investors, analysts and other interested parties are invited to take part. Conference call Date: 8 May 2024Time: 10:00 CETRegistration: Register ahead of the call via this . Access code is mailed after registration....
DFDS A.S.: 1 director
A director at DFDS A.S. sold 20,615 shares at 210.000DKK and the significance rating of the trade was 63/100. 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 clearly show...
Aktietilbagekøb i Sydbank – transaktioner i uge 17
Aktietilbagekøb i Sydbank – transaktioner i uge 17 Selskabsmeddelelse nr. 13/2024Peberlyk 4DK-6200 AabenraaTelefon Telefax Sydbank A/SCVR-nr. DK 12626509, Aabenraasydbank.dk29. april 2024 Aktietilbagekøb i Sydbank – transaktioner i uge 17 Sydbank offentliggjorde den 28. februar 2024 et aktietilbagekøbsprogram på 1.200 mio. kr. Aktietilbagekøbsprogrammet startede den 4. marts 2024 og vil være afsluttet senest den 31. januar 2025. Aktietilbagekøbsprogrammet sker med henblik på nedsættelse af aktiekapitalen i Sydbank og gennemføres efter bestemmelserne i Europa-Parlamentets og ...
Sydbank share buyback programme: transactions in week 17
Sydbank share buyback programme: transactions in week 17 Company Announcement No 13/2024Peberlyk 46200 AabenraaDenmarkTel Fax Sydbank A/SCVR No DK 12626509, Aabenraasydbank.dk29 April 2024 Dear Sirs Sydbank share buyback programme: transactions in week 17On 28 February 2024 Sydbank announced a share buyback programme of DKK 1,200m. The share buyback programme commenced on 4 March 2024 and will be completed by 31 January 2025. The purpose of the share buyback programme is to reduce the share capital of Sydbank and the programme is executed in compliance with the provisions of R...
AKTIETILBAGEKØBSHANDLER
AKTIETILBAGEKØBSHANDLER SELSKABSMEDDELELSE nr. 31 - 29. april 2024 Den 9. februar 2024 meddelte DFDS A/S (“DFDS”) iværksættelsen af et aktietilbage-købsprogram til gennemførsel i henhold til EUs markedsmisbrugsforordning, EU forordning nr. 596/2014 af 16. april 2014, samt EU-Kommissionens delegerede forordning (EU) nr. 2016/1052 af 8. marts 2016 (”Safe Harbour-reglerne”). Under programmet vil DFDS tilbagekøbe egne aktier for op til DKK 431 mio. i perioden fra 12. februar 2024 til 31. december 2024. Der vil maksimalt blive tilbagekøbt 3.400.000 aktier. Disse begrænsninger omfatter såvel...
- ABGSC Shipping & Transport Research
- Oliver Dunvold
- Petter Haugen
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