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...
GOGL – Notice of 2025 Annual General Meeting
GOGL – Notice of 2025 Annual General Meeting Golden Ocean Group Limited (the “Company”) announces that its 2025 Annual General Meeting will be held on May 8, 2025. A copy of the Notice of Annual General Meeting and associated information including the Company`s Consolidated Financial Statements on Form 20-F for 2024 can be found on our website at and in the links below. April 10, 2025 The Board of DirectorsGolden Ocean Group LimitedHamilton, Bermuda This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. Attachmen...
GOGL - Appointment of CEO and CFO
GOGL - Appointment of CEO and CFO The Board of Golden Ocean Group Ltd. ("Golden Ocean" or the "Company") is pleased to announce the appointment of Mr. Peder Simonsen as the Chief Executive Officer of Golden Ocean Management AS. Mr. Simonsen currently serves as the Interim Chief Executive Officer and Chief Financial Officer of Golden Ocean Management AS. Further, the Company is pleased to announce the appointment of Ms. Randi Navdal Bekkelund as Chief Financial Officer of Golden Ocean Management. Ms. Bekkelund currently serves as the Chief Financial Officer of Avance Gas Holding Ltd. Ms. Be...
Golden Ocean Group Ltd: 1 director
A director at Golden Ocean Group Ltd bought 4,606,390 shares at 8.142USD 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 ye...
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Oliver Dunvold
- Petter Haugen
GOGL – Notice of Annual General Meeting 2025
GOGL – Notice of Annual General Meeting 2025 Golden Ocean Group Limited (NASDAQ and OSE: GOGL) (“GOGL” or the “Company”) advises that the 2025 Annual General Meeting of the Company will be held on May 8, 2025. The record date for voting at the Annual General Meeting is set to April 7, 2025. A copy of the Notice of Annual General Meeting and associated information, including the Company’s Annual Report on Form 20-F, will be distributed and made available on the Company’s website at prior to the meeting. April 3, 2025 The Board of DirectorsGolden Ocean Group LimitedHamilton, Bermuda This ...
- 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
GOGL – Changes to the Board composition
GOGL – Changes to the Board composition Golden Ocean Group Limited (Nasdaq: GOGL & OSE: GOGL) (“GOGL” or “the Company”) is pleased to announce the appointment of Mr. Carl Erik Steen and Mr. James Ayers as Directors of the Company. Carl Erik Steen has extensive experience from shipping and banking, including head of shipping, oil services and the international division in Nordea bank. Before joining Nordea, Mr. Steen headed the shipping and international division in Christiania Bank and Kreditkassen ASA. Mr. Steen graduated in 1975 from ETH Zurich Switzerland with a MSc in Industrial and Ma...
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Oliver Dunvold
- Petter Haugen
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...
GOGL – Changes to the Board composition
GOGL – Changes to the Board composition Golden Ocean Group Limited (Nasdaq: GOGL & OSE: GOGL) (“GOGL” or the “Company”) is pleased to announce the appointment by the Board of Directors of Mr. Patrick De Brabandere and Mr. Patrick Molis as Directors of the Company. Mr. Patrick De Brabandere holds a degree in Applied Economic Sciences from UCL Louvain-la Neuve. He started his career at the audit firm Arthur Andersen. In 1987, he joined Almabo, the former holding company of the Saverys family, as Project Controller. He became CFO of CMB NV in 1998 and was appointed director of CMB NV in 2002....
GOGL - Filing of 2024 Annual Report on Form 20-F
GOGL - Filing of 2024 Annual Report on Form 20-F Golden Ocean Group Limited (NASDAQ and OSE: GOGL) (the “Company”) announces that its annual report on Form 20-F for the year ended December 31, 2024 (the “Annual Report”) has been filed with the U.S. Securities and Exchange Commission (the “Commission”). The Annual Report may be accessed through the Company’s website, , or in the link below. The Annual Report is also available on the website of the Commission, . Shareholders may also request a hard copy of the Annual Report, which includes the Company’s complete 2024 audited financial statem...
- Jørgen Lian
Golden Ocean (Sell, TP: NOK78.00) - Uncertainty on strategic pivot
While the dry bulk market has surpassed our expectations, we still view the market strength as fleeting, with limited fundamental demand support. Moreover, the change in Golden Ocean’s main shareholder raises the uncertainty in what we believe was a clear investment case for existing investors. We find the potential strategic pivot towards constrained shareholder distributions and diversified growth at this point in the cycle less appealing, and reinstate a recommendation with a SELL and NOK78 t...
- 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...
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Golden Ocean (No_rec, TP: NOK) - Recommendation and target price withd...
The main shareholder in Golden Ocean, Fredriksen-controlled Hemen Holding Ltd, has agreed to sell its 40.8% stake in the company to CMB.TECH for USD14.49/share – a 40%+ premium to the last closing price and 15% above our NAV/share. Given DNB Markets acted as financial advisor to Hemen in relation to the announced sale of its shareholding in Golden Ocean to CMB.TECH, we have withdrawn our recommendation and target price.
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Petter Haugen
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