reports
Stolt-Nielsen Limited Board Declares Interim Dividend of $1.25 per Com...
Stolt-Nielsen Limited Board Declares Interim Dividend of $1.25 per Common Share Stolt-Nielsen Limited Board Declares Interim Dividend of $1.25 per Common Share LONDON, November 7, 2024 – Stolt-Nielsen Limited (Oslo Børs: SNI) announced today that the Company's Board of Directors approved an interim dividend payment of $1.25 per Common Share, payable on December 4, 2024 to shareholders of record as of November 22, 2024. The shares will trade ex-dividend on and after November 21, 2024. For additional information please contact: Jens F. Grüner-HeggeChief Financial OfficerU.K...
- Jørgen Lian
Stolt-Nielsen (Buy, TP: NOK530.00) - Bullish sentiment to reawaken
We believe the tanker market should improve from recent softness and see solid rates towards end-2024e and into 2025–2026e, with chemical tanker rates to be fuelled by improving chemical trade, a still healthy orderbook, and reduced swing tonnage. We calculate a 19% average 2025–2026e earnings yield, and believe Stolt-Nielsen screens as an appealing tanker exposure, trading at a 2025–2026e average EV/EBITDA of 4.1x (tanker peer group: 4.6x). We reiterate our BUY, but have cut our target price to...
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Oliver Dunvold
- Petter Haugen
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Oliver Dunvold
- Petter Haugen
Stolt-Nielsen Limited Reports Unaudited Results For the Third Quarter ...
Stolt-Nielsen Limited Reports Unaudited Results For the Third Quarter and Nine Months of 2024 Continued strong performance in 2024 year-to-date, as we focus on our ‘Simply the Best’ strategy LONDON, October 02, 2024 – Stolt-Nielsen Limited (Oslo Børs ticker: SNI) today reported unaudited results for the third quarter and the nine months ending August 31, 2024. The Company reported a third-quarter net profit of $99.2 million with revenue of $732.8 million, compared with a net profit of $90.1 million with revenue of $694.4 million in the third quarter of 2023. The net profit for the first ni...
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Oliver Dunvold
- Petter Haugen
Stolt-Nielsen Limited to Present the Results for the Third Quarter of ...
Stolt-Nielsen Limited to Present the Results for the Third Quarter of 2024 Stolt-Nielsen Limited to Present the Results for the Third Quarter of 2024 LONDON, September 26, 2024 - Stolt-Nielsen Limited (Oslo Børs: SNI) will host a presentation to discuss the Company’s unaudited results for the third quarter of 2024 on Wednesday, October 2, 2024 at 15:00 CEST (09:00 EDT, 14:00 BST). The presentation will be hosted by: - Mr. Udo Lange - Chief Executive Officer, Stolt-Nielsen Limited- Mr. Jens F. Grüner-Hegge - Chief Financial Officer, Stolt-Nielsen ...
- Jørgen Lian
Stolt-Nielsen Minor model adjustments
We have updated our estimates ahead of the Q3 results (due prior to market open on 2 October) on our reduced near-term rate forecasts for Stolt Tankers following the recent softness in tanker freight markets. We do not consider these changes to be material, and we have not changed our BUY recommendation. We have lowered our target price from NOK560 to NOK533, partly due to currency effects.
- Jørgen Lian
Stolt-Nielsen Minor model adjustments
We have updated our model following the Q2 report. We still believe the underlying result was broadly in line with expectations, and the headline miss is mostly explained by one-off effects, thus we find yesterday’s share price reaction unwarranted. We estimate an 18% earnings yield the next four quarters, with the longevity of the current robust earnings supported by appealing fundamentals (orderbook-to-fleet ratio of 10%) and solid MR markets (average spot rate last month ~60% above the 5-year...
- ABGSC Shipping & Transport Research
- Oliver Dunvold
- Petter Haugen
- ABGSC Shipping & Transport Research
- Oliver Dunvold
- Petter Haugen
Stolt-Nielsen Limited Reports Unaudited Results For the Second Quarter...
Stolt-Nielsen Limited Reports Unaudited Results For the Second Quarter and First Half of 2024 LONDON, July 11, 2024 – Stolt-Nielsen Limited (Oslo Børs ticker: SNI) today reported unaudited results for the second quarter and first half ending May 31, 2024. The Company reported a second-quarter net profit of $100.2 million with revenue of $741.1 million, compared with a net profit of $8.3 million with revenue of $721.9 million in the second quarter of 2023 when the Company recorded a loss provision of $155 million ($115.0 million after tax) related to the MSC Flaminia loss provision. The net ...
- ABGSC Shipping & Transport Research
- Oliver Dunvold
- Petter Haugen
Stolt-Nielsen Limited to Host a Video Conference to Present the Resul...
Stolt-Nielsen Limited to Host a Video Conference to Present the Results for the Second Quarter and First Half of 2024 Stolt-Nielsen Limited to Host a Video Conference to Present the Results for the Second Quarter and First Half of 2024 LONDON, July 3, 2024 – Stolt-Nielsen Limited (Oslo Børs: SNI) will host a virtual presentation to discuss the Company’s unaudited results for the second quarter and first half of 2024 on Thursday, July 11, 2024 at 15:00 CEST (09:00 EDT, 14:00 BST). The virtual presentation will be hosted by: - Mr. Udo Lange - Chief Executive Officer, Stolt-Nielsen ...
- Jørgen Lian
Stolt-Nielsen (Buy, TP: NOK567.00) - Exceptional market likely to pers...
We believe Stolt-Nielsen is well positioned to capitalise on the strong market for Tankers, with an above-average spot exposure allowing for healthy COA renewals. Furthermore, we see potential for the super-cycle to persist on a 10% orderbook-to-fleet and average fleet age of >17 years. Thus, we estimate an appealing 16% average earnings yield until 2026. We reiterate our BUY and have raised our target price to NOK567 (555).
Stolt-Nielsen to host Capital Markets Day Today, June 12, 2024
Stolt-Nielsen to host Capital Markets Day Today, June 12, 2024 LONDON, June 12, 2024 – Stolt-Nielsen Limited (Oslo Børs: SNI) announced that it will hold its Capital Markets Day 2024 today at 11.00 CET. Opening, Niels G. Stolt-Nielsen, Chairman, Stolt-NielsenStrategy, Udo Lange, Chief Executive Officer, Stolt-NielsenStolt Tankers, Maren Schroeder, Chief Operating Officer and Bjarke Nissen, Chief Commercial Officer, Stolt TankersStolthaven Terminals, Guy Bessant, President, Stolthaven TerminalsStolt Tank Containers, Hans Augusteijn, President, Stolt Tank ContainersStolt Sea Far...
Stolt-Nielsen to host Capital Markets Day on June 12, 2024
Stolt-Nielsen to host Capital Markets Day on June 12, 2024 LONDON, June 10, 2024 – Stolt-Nielsen Limited (Oslo Børs: SNI) is pleased to invite investors, investment analysts, media and other stakeholders to attend our Capital Markets Day 2024 in London on Wednesday, June 12, 2024 at 11.00 CET. For more information about the day please see the webpage: Please register your attendance by email to The presentation will be made available on the day at and a recording of the event will also be available online from Friday, June 14. For additional information please contact: Elli...
Lucas Vos to step down as President, Stolt Tankers
Lucas Vos to step down as President, Stolt Tankers LONDON, May 15, 2024 – Stolt-Nielsen Limited (Oslo Børs: SNI) announced today that Lucas Vos will step down as President, Stolt Tankers, with effect from July 1, 2024. He will be replaced by Maren Schroeder as President and Chief Operating Officer, whilst Bjarke Nissen will assume the role of Chief Commercial Officer at Stolt Tankers. Udo Lange, Chief Executive Officer of Stolt-Nielsen Limited, commented: “The appointment of Maren Schroeder and Bjarke Nissen to these key roles illustrates the impressive talent that we have on hand. They ar...
- 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.
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Stolt-Nielsen Limited shares trade ex-dividend
Stolt-Nielsen Limited shares trade ex-dividend The shares in Stolt-Nielsen Limited (SNI) will trade ex-dividend $1.50 as from today, Apr.24.2024. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
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