reports
- ABGSC Shipping & Transport Research
- Oliver Dunvold
- Petter Haugen
Belships ASA: Key information relating to the cash dividend to be paid...
Belships ASA: Key information relating to the cash dividend to be paid by Belships ASA Oslo, 14 November 2024 The distribution will be made as an ordinary dividend. Dividend amount: NOK 0.50 per share Declared currency: NOK Last day including right: 15 November 2024 Ex date: 18 November 2024 Record date: 19 November 2024 Payment date: 26 November 2024 Date of board resolution: 13 November 2024 This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act
Belships ASA: Distribution of dividend of NOK 0.50 per share
Belships ASA: Distribution of dividend of NOK 0.50 per share Oslo, 14 November 2024 At a board meeting on 13 November 2024, the Board of Directors of Belships ASA resolved to distribute a dividend of NOK 0.50 per share, in total NOK 126 568 333, based on the Company's net profit for the 2023 financial year. The decision is based on an authority granted by the Company's general meeting on 8 May 2024. An announcement of key information will be published separately. For further information, please contact Lars Christian Skarsgård, Belships CEO, phone or email This information is subject...
Belships ASA: Report 3rd quarter 2024
Belships ASA: Report 3rd quarter 2024 SOLID RESULT AND DIVIDEND AMIDST INCREASED MARKET UNCERTAINTY HIGHLIGHTS EBITDA of USD 27.0m including USD 1.5m from Norwegian Bulk CarriersNet result of USD 19.3mDeclared dividend of NOK 0.50 per share, in addition to the extraordinary dividend of NOK 1.00 per share paid in OctoberSold two debt-free Supramax vessels (2016-built) for a total of USD 56.6m with a book gain of USD 6.5m First newbuilding BELGRACE was delivered in September and entered a contract of about 18 months at USD 16 500 gross per day TCE of USD 16 724 gross per day for owned...
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Oliver Dunvold
- Petter Haugen
DS Norden: 1 director
A director at DS Norden bought 6,887 shares at 234.930DKK and the significance rating of the trade was 50/100. 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 sho...
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Oliver Dunvold
- Petter Haugen
- Jørgen Lian
Klaveness Combination Carriers (Buy, TP: NOK141.00) - Dynamic market e...
KCC continued to prove the value of its business model in Q3 amidst a deteriorating freight environment, by adjusting its share of wet/dry and combination trading with developments in the relevant freight markets. We believe this highlights the company’s superior risk profile, through its ability to outperform in challenging market conditions compared to its tanker and dry bulk peers. We reiterate our BUY, but have lowered our target price to NOK141 (145).
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Oliver Dunvold
- Petter Haugen
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Oliver Dunvold
- Petter Haugen
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Oliver Dunvold
- Petter Haugen
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Oliver Dunvold
- Petter Haugen
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Oliver Dunvold
- Petter Haugen
- Jørgen Lian
Klaveness Combination Carriers Minor model adjustments
We have adjusted our estimates following the company’s business update and our latest near-term rate forecasts. Pre-announced Q3 TCE earnings were above the somewhat muted guidance, and leave us 8% above consensus on EBITDA (the full Q3 report is due prior to market open on 30 October). However, we have reduced our Q4 EBITDA estimate by ~20% on our lowered rate assumptions for product tankers and mid-sized bulkers, reflecting recent rate movements. Hence, we have trimmed our 2024e EBITDA by 2% a...
Correction: Belships ASA: Key information relating to the cash dividen...
Correction: Belships ASA: Key information relating to the cash dividend to be paid by Belships ASA Oslo, 24 September 2024 The previously announced information has been corrected The distribution will be made as an extraordinary dividend Dividend amount: NOK 1.00 per share Declared currency: NOK Last day including right: 25 September 2024 Ex date: 26 September 2024 Record date: 27 September 2024 Payment date: 4 October 2024 Date of board resolution: 23 September 2024 This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities T...
Belships ASA: Key information relating to the cash dividend to be paid...
Belships ASA: Key information relating to the cash dividend to be paid by Belships ASA Oslo, 24 September 2024 The distribution will be made as an ordinary dividend Dividend amount: NOK 1.00 per share Declared currency: NOK Last day including right: 25 September 2024 Ex date: 26 September 2024 Record date: 27 September 2024 Payment date: 4 October 2024 Date of board resolution: 23 September 2024 This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act
Belships ASA: Extraordinary dividend payment
Belships ASA: Extraordinary dividend payment Oslo, 24 September 2024 The sale of the debt-free supramax vessels BELFRIEND and BELTIDE has been completed and the sale proceeds of USD 56.6m have been received. Due to the Company's strong financial position, the Board has declared an extraordinary dividend payment of NOK 1.00 per share (USD 24.1m in total). This brings the total dividend payments to USD 275m (NOK 10.85 per share) since the new dividend policy announced in 2021. An announcement of key information will be published separately. For further information, please cont...
- Jørgen Lian
Klaveness Combination Carriers (Buy, TP: NOK144.00) - Short-term slump...
Despite cuts to our 2024 estimates, we still believe KCC’s unique flexibility and risk profile represent an attractive investment case and should warrant a premium valuation compared to its dry bulk and tanker peers. We calculate it is trading at an EV/EBITDA of 6.0x and dividend yield of 11% for 2024–2025e. We reiterate our BUY and have raised our target price to NOK144 (143).
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