Ocean Yield ASA: First Quarter 2018 Report
Ocean Yield ASA: First Quarter 2018 Report
Fornebu, 3rd May 2018, Ocean Yield ASA (“Ocean Yield” or the “Company”)
announces results for the first quarter ending 31st March 2018.
Highlights
Declared a dividend of USD 0.1905 per share for Q1 2018. This is an increase of 0.10 cents per share compared with the previous quarter.
EBITDA for Q1 2018 was USD 77.8 million, and EBITDA adjusted for finance lease effects was USD 86.8 million.
Net profit before tax for Q1 2018 was USD 35.7 million and Net profit after tax was USD 33.3 million. Adjusted net profit was USD 33.9 million.
Acquisition of four VLCC crude tankers with 15-year bareboat charters to Okeanis Marine Holdings SA, with a 5-year sub-charter to the shipping arm of a large industrial conglomerate.
Acquisition of two 2018 built handysize dry-bulk vessels with 12-year charters to the Louis Dreyfus Armateurs Group.
Acquisition of five modern handysize dry-bulk vessels with 10-year bareboat charters to Interlink Maritime Corporation.
Completed a private placement of 11 million shares, raising gross proceeds of NOK 759 million.
The charter backlog at the end of Q1 2018 was USD 3.5 billion on an adjusted EBITDA basis with remaining average duration of 11.4 years.
Commenting on the first quarter results, Lars Solbakken, CEO of Ocean Yield, said:
“The first quarter was dominated by high investment activity, with the announcement of investment in another 11 vessels on long-term charters, being four VLCCs and seven dry-bulk vessels. In addition, we successfully raised approximately USD 96 million of new equity for future investments. The company has successfully continued to increase its charter backlog during the first quarter and is well positioned for further growth going forward.”
Fornebu, 3rd May 2018, Ocean Yield ASA (“Ocean Yield” or the “Company”)
announces results for the first quarter ending 31st March 2018.
Highlights
Declared a dividend of USD 0.1905 per share for Q1 2018. This is an increase of 0.10 cents per share compared with the previous quarter.
EBITDA for Q1 2018 was USD 77.8 million, and EBITDA adjusted for finance lease effects was USD 86.8 million.
Net profit before tax for Q1 2018 was USD 35.7 million and Net profit after tax was USD 33.3 million. Adjusted net profit was USD 33.9 million.
Acquisition of four VLCC crude tankers with 15-year bareboat charters to Okeanis Marine Holdings SA, with a 5-year sub-charter to the shipping arm of a large industrial conglomerate.
Acquisition of two 2018 built handysize dry-bulk vessels with 12-year charters to the Louis Dreyfus Armateurs Group.
Acquisition of five modern handysize dry-bulk vessels with 10-year bareboat charters to Interlink Maritime Corporation.
Completed a private placement of 11 million shares, raising gross proceeds of NOK 759 million.
The charter backlog at the end of Q1 2018 was USD 3.5 billion on an adjusted EBITDA basis with remaining average duration of 11.4 years.
Commenting on the first quarter results, Lars Solbakken, CEO of Ocean Yield, said:
“The first quarter was dominated by high investment activity, with the announcement of investment in another 11 vessels on long-term charters, being four VLCCs and seven dry-bulk vessels. In addition, we successfully raised approximately USD 96 million of new equity for future investments. The company has successfully continued to increase its charter backlog during the first quarter and is well positioned for further growth going forward.”
Redigert 20.01.2021 kl 20:16
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Meget bra resultat og ny økning i det faste kvartalsvise utbyttet. Ocean Yield befester sin posisjon blant de beste utbytteselskapene på Oslo Børs.
Redigert 20.01.2021 kl 20:16
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BillVonka
03.05.2018 kl 22:02
4503
Dividend amount: USD 0.1905 per share
Declared currency: USD
Last day including right: 7th May 2018
Ex-date: 8th May 2018
Record date: 9th May 2018
Payment date: 18th May 2018
Date of approval: 3rd May 2018
This information is published in accordance with the requirements of the
Continuing Obligations.
Declared currency: USD
Last day including right: 7th May 2018
Ex-date: 8th May 2018
Record date: 9th May 2018
Payment date: 18th May 2018
Date of approval: 3rd May 2018
This information is published in accordance with the requirements of the
Continuing Obligations.
Redigert 20.01.2021 kl 20:16
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Som forventet 0.10 cents økning i utbytte.
OCY innfrir forventningene som vanlig.
OCY innfrir forventningene som vanlig.
Redigert 20.01.2021 kl 20:16
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breiflabb
04.05.2018 kl 09:47
4063
Litet grus i maskineriet är i alla fall FPSO-vessel, Dhirubhai-1 som förmodligen förlorar
intäkterna när Reliance Industries stänger olje o gas produktionen i Bengaliska viken på KG-D6 fältet
i oktober.
Vad kommer att hända med Dhirubhai-1? Lägg fartyget i malpåse eller blir det service på land? Finns det nya
projekt för Dhirubhai-1 tro?
Köpte in mig i OCY idag då den ger en fin direktavkastning.
Källa: https://timesofindia.indiatimes.com/business/india-business/reliance-to-shut-oil-gas-fields-in-kg-d6-block/articleshow/63960962.cms
intäkterna när Reliance Industries stänger olje o gas produktionen i Bengaliska viken på KG-D6 fältet
i oktober.
Vad kommer att hända med Dhirubhai-1? Lägg fartyget i malpåse eller blir det service på land? Finns det nya
projekt för Dhirubhai-1 tro?
Köpte in mig i OCY idag då den ger en fin direktavkastning.
Källa: https://timesofindia.indiatimes.com/business/india-business/reliance-to-shut-oil-gas-fields-in-kg-d6-block/articleshow/63960962.cms
Redigert 20.01.2021 kl 20:16
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farmern
04.05.2018 kl 11:10
3978
Breiflabben:
According to Upstream, Reliance, operator on the MJ field off India’s
east coast has issued initial enquiries for an FPSO to for the field.
Ocean Yield’s Dhirubhai-1, currently working on the near-by KG-D6 MA
block with contract until Sep’18, is one of the contenders for the work.
Other companies expected to respond is companies such as Modec,
SBM Offshore, Bumi Armada, as well as some Asian yards.
According to Upstream, Reliance, operator on the MJ field off India’s
east coast has issued initial enquiries for an FPSO to for the field.
Ocean Yield’s Dhirubhai-1, currently working on the near-by KG-D6 MA
block with contract until Sep’18, is one of the contenders for the work.
Other companies expected to respond is companies such as Modec,
SBM Offshore, Bumi Armada, as well as some Asian yards.
Redigert 20.01.2021 kl 20:16
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breiflabb
04.05.2018 kl 11:34
3943
Ja, det var väl bra och ännu bättre om de får kontraktet.
Redigert 20.01.2021 kl 20:16
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Er det usikkerheten mht Dhirubhai-1 som får aksjen til å falle i dag?
RT: 68,200 -1,87%
RT: 68,200 -1,87%
Redigert 20.01.2021 kl 20:16
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Opp igjen fra støtten på 68.
RT: 68,70 -1,15%
RT: 68,70 -1,15%
Redigert 20.01.2021 kl 20:16
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heilo888
04.05.2018 kl 15:38
3734
Ikke rart om usikkerheten er stor ut fra det de kunne si, eller rettere ikke kunne si, om fremtiden for Dhirubhai-1.
Avventer kjøp av OCY til det forhåpentligvis foreligger en avklaring på sensommeren/høsten. Uansett må vi medregne en fallende kurs etter Ex-utbytte 8 mai.
Avventer kjøp av OCY til det forhåpentligvis foreligger en avklaring på sensommeren/høsten. Uansett må vi medregne en fallende kurs etter Ex-utbytte 8 mai.
Redigert 20.01.2021 kl 20:16
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At kursen vil falle etter utbytte er rimelig sikkert, men så lenge de klarer å opprettholde utbyttenivået så er majoriteten av aksjonærene fornøyde.
Sluttkurs: 68,80 -1,01%
Sluttkurs: 68,80 -1,01%
Redigert 20.01.2021 kl 20:16
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ignatas
04.05.2018 kl 17:23
3647
ocy klarer seg uten dhirubai langsiktig.. men denne er ekstremt viktig, som penger på gata, mens alt annet er lån/inntekter og profit så dhirubai er rent profit, og den er 30% av inntekter og ebitda alene.. ville ha kjøpt mye mer hvis de hadde kontrakt for den er viktigste nå
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inference
05.05.2018 kl 16:21
3354
Helt urealistisk at kjøpsopsjonen blir benyttet?
I så fall 13 kr aksjen ca. inn på konto og lånet er nedbetalt før utløp av kontrakten. Er det mulig å si noe om markedsverdien? Solgt lignende fpso’er siste året?
I så fall 13 kr aksjen ca. inn på konto og lånet er nedbetalt før utløp av kontrakten. Er det mulig å si noe om markedsverdien? Solgt lignende fpso’er siste året?
Redigert 20.01.2021 kl 20:16
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