reports
Avance Gas Holding Ltd: Key information relating to the final extraord...
Avance Gas Holding Ltd: Key information relating to the final extraordinary distribution of USD 0.74 per share Hamilton, Bermuda, April 16, 2025 Reference is made to the announcement on April 16, 2025, of final extraordinary distribution of $0.74 per share:Return of capital: $0.16 Dividend: $0.58Declared currency: USDLast day including right: April 23, 2025Ex-date: April 24, 2025Record date: April 25, 2025Payment date: May 7, 2025Date of Approval: April 15, 2025 This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Avance Gas Holding Ltd: Final extraordinary distribution of USD 0.74 p...
Avance Gas Holding Ltd: Final extraordinary distribution of USD 0.74 per share Hamilton, Bermuda. April 16, 2025 This refers to the Fourth Quarter 2024 Earnings Release announced on February 12, 2025. In that release, the Company stated that it would distribute a final dividend of approximately $0.70 per share upon receiving the remaining $34.2 million from Exmar in connection with the sale of the four Mid-Sized Gas Carriers (MGCs). We are pleased to announce that the final settlement with Exmar has been received. As a result, the Company will proceed with a final extraordinary distributio...
Avance Gas Holding Ltd: Annual Report 2024
Avance Gas Holding Ltd: Annual Report 2024 Hamilton, Bermuda March 27, 2025 Avance Gas Holding Ltd ("AGAS" or the "Company") today publishes its Annual Report for the financial year 2024. The report is attached in pdf and European Singel Electronic Format (ESEF) in accordance with ESEF regulations. A copy of the report is attached hereto and available on the Company's website at For further information, please contact: Randi Navdal Bekkelund, CFO, Tel: This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act Attachm...
- Jørgen Lian
Avance Gas Minor model adjustments
We have updated our target price due to the stock trading ex-rights (as of 5 March) for the USD0.75 DPS announced following the closing of the sale of its MGC fleet to the Exmar LPG BV subsidiaries on 28 February. According to the company, it is set to receive a final milestone payment of USD34.2m from Exmar once the steel cutting of the fourth and final MGC is completed (expected in April), and will distribute the remaining cash to its shareholders prior to liquidation. We do not consider these...
- Jørgen Lian
‘The times they are a-changin’
The recurring theme at our 18th Energy & Shipping Conference was geopolitical uncertainty and a potential trade war, warranting a wait-and-see approach, particularly on the Trump 2.0 effect. The consensus view pointed to high asset values, with no rush to the yards, aligning with below-NAV valuations across most of our coverage. However, panellists generally saw less downside risk than the 25% average discount to steel for our Tanker, Dry Bulk and Gas coverage. Overall, the day highlighted uncer...
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.
Avance Gas Holding Ltd: Ex Dividend USD 0.75 today
Avance Gas Holding Ltd: Ex Dividend USD 0.75 today Hamilton, Bermuda. March 5, 2025 The shares in Avance Gas Holding Ltd (ticker: "AGAS") will be traded ex-dividend USD 0.75 per share as of today relating to the extraordinary dividend announced on February 28, 2025. The dividend will be paid on March 14, 2025. For further information, please contact: Randi Navdal Bekkelund, CFO Email: Tel: This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Avance Gas Holding Ltd: Key information relating to extraordinary divi...
Avance Gas Holding Ltd: Key information relating to extraordinary dividend of $0.75 per share Hamilton, Bermuda. February 28, 2025Key information relating to the extraordinary dividend:Dividend: $0.75Declared currency: USDLast day including right: March 4, 2025Ex-date: March 5, 2025Record date: March 6, 2025Payment date: March 14, 2025Date of Approval: February 28, 2025For further queries, please contact:Randi Navdal Bekkelund, CFO Email: Tel: This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Avance Gas Holding Ltd: Closing of the sale of the MGC fleet and extra...
Avance Gas Holding Ltd: Closing of the sale of the MGC fleet and extraordinary dividend of $0.75 per share Hamilton, Bermuda. February 28, 2025 Avance Gas Holding Ltd ("Avance Gas" or "Company") (OSE: AGAS) today announce closing of the sale of the Medium Sized Gas Carrier (“MGC”) fleet to subsidiaries of Exmar LPG B.V. (“Exmar”) for a consideration of $282.4 million. As communicated in connection with the fourth quarter results on February 12, 2025, the remaining subject for the transaction was issuance of new refund guarantees by the yard to Exmar which concurrently triggered a release ...
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Petter Haugen
- Jørgen Lian
Avance Gas Minor model adjustments
We have updated our target price due to the stock trading ex-rights (as of 18 February) for the USD2.0 DPS and the distribution of the 19.282m BW LPG shares received by Avance Gas in relation to its sale of 12 VLGCs to BW LPG in summer 2024. We do not consider this change to be material, and we have not changed our SELL recommendation. We have lowered our target price to NOK17 (76), reflecting the value of the DPS, the BW LPG shares, and a c1% negative USDNOK movement since our most recent updat...
Avance Gas Holding Ltd: Mandatory notification of trade by primary ins...
Avance Gas Holding Ltd: Mandatory notification of trade by primary insiders Hamilton, Bermuda February 18, 2025 Øystein Kalleklev, CEO of Avance Gas AS and Board member of Avance Gas Holding Ltd, has on February 17, exercised his remaining 150,000 share options at terms described in attachments. The stock options have been cash settled with the difference of the Adjusted Strike Price and the closing price at OSE on February 17, 2025. Following the exercise, Mr Kalleklev has no further share options in Avance Gas Holding Ltd. but holds 50,000 shares. Please see the attached form for no...
Avance Gas Holding Ltd: Ex Date today - return of capital and distribu...
Avance Gas Holding Ltd: Ex Date today - return of capital and distribution of BW LPG shares Hamilton, Bermuda. February 18, 2025.The shares in Avance Gas Holding Ltd (ticker: "AGAS") will be traded ex-distribution consisting of USD 2.0 per share in return of capital and distribution of BW LPG shares as of today relating to the fourth quarter of 2024. The return of capital will be paid on February 27, 2025 and the BW LPG shares will be transferred on February 26, 2025. Shareholders will receive one BW LPG share for every four Avance Gas shares they hold, with any fractions rounded down. As a...
- Jørgen Lian
Avance Gas (Sell, TP: NOK76.00) - Wind-down in progress
We calculate a NAV of NOK76/share based on the current BW LPG share price and USDNOK exchange rate. The winding-down process of Avance Gas is expected to be completed in H1, and with material fluctuations likely only to occur in the BW LPG share price and USDNOK, we find a direct investment in BW LPG more appealing, trading at a >20% discount to steel values and c40% below our NOK200 target price. We reiterate our SELL on Avance Gas and have reduced our target price to NOK76 (77).
Avance Gas Holding Ltd: Key information relating to return of capital ...
Avance Gas Holding Ltd: Key information relating to return of capital and distribution of BW LPG shares for the fourth quarter 2024 Hamilton, Bermuda. February 12, 2025 Key information relating to return of capital and distribution of BW LPG shares to be paid and transferred by Avance Gas Holding Ltd for the fourth quarter 2024 is specified as per below. Shareholders will receive one BW LPG share for every four Avance Gas shares they hold, with any fractions rounded down. As a result, fractional shares will not be settled in the form of BW LPG shares. Return of capital: Return of capital...
Avance Gas Holding Ltd: Fourth Quarter 2024 Earnings Release
Avance Gas Holding Ltd: Fourth Quarter 2024 Earnings Release BERMUDA, February 12, 2025– Avance Gas Holding Ltd (OSE: AGAS) (“Avance Gas” or the “Company”) today reports unaudited results for the fourth quarter 2024. HIGHLIGHTS The average Time Charter Equivalent (TCE) rate on a discharge-to-discharge basis was $28,200/day, compared to $38,700/day in the third quarter of 2024. For reference our guidance was $27,900/day.TCE/day on a load-to-discharge basis was $35,300/day, compared to $41,900/day in the third quarter of 2024.Net profit of $210.2 million and earnings per share of $2.74 for ...
Avance Gas Holding Ltd: SGM Results Notification
Avance Gas Holding Ltd: SGM Results Notification February 5, 2025 Avance Gas Holding Ltd (the “Company”) advises that a Special General Meeting (SGM) of the Shareholders of the Company was held on 5 February 2025 at 09:00 (local time), at Par-la-Ville Place, 4th Floor, 14 Par-la-Ville Road, Hamilton Bermuda (the “Meeting”). At the Meeting, the shareholders resolved that the Company's Share Premium account shall be reduced from US$446,358,298 to US$nil by the transfer of US$446,358,298 of the Share Premium account to the Company’s Contributed Surplus account with immediate effect. The Boa...
Avance Gas Holding Ltd: Invitation to the 2024 Fourth Quarter Presenta...
Avance Gas Holding Ltd: Invitation to the 2024 Fourth Quarter Presentation Bermuda, February 5, 2025, Avance Gas Holding Ltd. (ticker "AGAS") will on Wednesday February 12, 2025, release its unaudited results for the fourth quarter of 2024. In connection with the earnings release, an audio webcast and conference call will be held at 14:00 (CET). The presentation and webcast link will be available from the Investor Relation section at Avance Gas' website prior the presentation and available by using the following links: Webcast: -server.com/mmc/p/gos98mmp Conference call: /register/BI24...
- Jørgen Lian
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.
- Jørgen Lian
Avance Gas (Sell, TP: NOK77.00) - cNOK77/share breakup value
We calculate a NAV of NOK77/share on the prevailing BW LPG share price, which in our view is the fair valuation of the company. Raising the BW LPG shares’ value equal to our NOK200/share target price, we estimate a NAV broadly in line with Avance Gas’ share price. However, with the expected winding up of the company in 2025, we believe a direct investment in BW LPG offers a more attractive position. Hence, we have downgraded to SELL (HOLD) and cut our target price to NOK77 (111) following the la...
Avance Gas Holding Ltd - Notice of Special General Meeting
Avance Gas Holding Ltd - Notice of Special General Meeting Notice of Special General Meeting Hamilton, Bermuda – Following on from the press release previously issued on 6 December 2024, Avance Gas Holding Ltd confirms that a Special General Meeting will be held on 5 February 2025. A copy of the Notice of Special General Meeting can be found on our website at and attached to this press release. 13 January 2025 The Board of Directors Avance Gas Holding Ltd Hamilton, Bermuda This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Tra...
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