FLNG - FLEX - RATENE STIGER


Ser nå ut som om ratene er i ferd med å stige, etter at de har ligget flate en stund. Asia opp i dag! Snakket med en i lng-shipping i går. Det er større aktivitet i Asia nå og det meldes om høyere rater. Ratene opp 2 000 siden i går

-Lykke til
Else
26.03.2020 kl 17:04 1886

Jeg leter etter en mulig bunnkurs nå på våren. Men er rateøkning pt så sterk at bunnen ligger på 40-tallet nær 50,-?
citius
26.03.2020 kl 17:22 1868

Det har ALLTID vært en god ide å kjøpe når pessimismem er på topp. Det er den nå

Fair value er ca 80 kroner, da ser jeg denne aksjen som et meget godt kjøp
Pris/Bok 0,2
P/E under 5

Altså vi snakker kjemperabatt på denne nå
Redigert 26.03.2020 kl 17:58 Du må logge inn for å svare
Kumbel
26.03.2020 kl 20:50 1724

https://finance.yahoo.com/quote/FLNG?p=FLNG

Voldsom stigning i New York i kveld.

+27% ved stengning.
Redigert 26.03.2020 kl 21:07 Du må logge inn for å svare
Else
26.03.2020 kl 21:15 1676

Takk for et solid utbytte jeg mottok i dag. Slikt hjelper på humøret i disse corona-tider.
Hellboy
26.03.2020 kl 21:33 1646

Pessimismen kan alltids bli verre...

Det er det som gjør at jeg er investor og ikke trader. Jeg er håpløs på å finne pessimistenes "topp".

Så et godt kjøp basert på målbare verdier, ja. Men kan det være bedre å kjøpe i andre selskaper med hinsides utbytteprosenter og heller vente med å kjøpe Flex?

(Og ja, jeg har Flex-aksjer, så jeg baisser ikke)
citius
26.03.2020 kl 21:42 1621


Tenker vi sier 54 kroner før helja :-)
tuja
26.03.2020 kl 22:10 1568

Med dagens dollarkurs tilsvarer det den nette sum av (5,12 usd x 10,40kr = 53,25kr). nærmere 10kr over sluttkurs OSE, som var 44kr.

:)
sheepman
27.03.2020 kl 20:44 1343

nå er ratene for west ytterligere opp. 55000 nå

Det er utvilsomt spennende tider og stor usikkerhet rundt hva som kommer til å skje videre. Akkurat nå virker LNG-markedet å være på randen av kollaps.

https://www.naturalgasintel.com/articles/121470-coronavirus-thrusts-lng-market-further-into-turmoil-as-more-cargoes-float-with-nowhere-to-go

Volf
28.03.2020 kl 11:16 1127

GASLOG Project Alex proceeds Gastrade yesterday announced a satisfactory outcome to its binding market test for the Alexandroupolis LNG import terminal. We read this as positive news for GasLog, as in our view it will likely be well-positioned to supply an FSRU for the project, by converting one of its spot-employed LNGCs.
Satisfactory response to binding market test. Gastrade announced yesterday that the “binding phase of the market test for reservation of capacity at the floating LNG terminal in Alexandroupolis was completed with great success on 24th”. The company received binding offers for 2.6bn cbm of gas for up to 15 years, from Greek and international gas consumers as well as end-customers. The company stated that the “response was very satisfactory and far surpassed the one experienced in similar cases of new gas projects recently”.
FSRU opportunity for GasLog’s spot-oriented fleet… GasLog has a 20% ownership share in Gastrade, which is developing the LNG terminal in Alexandroupolis. While the FSRU tender will be on arm’s length conditions, we find it likely that GasLog will be well-positioned to supply one of its open LNGCs for a conversion job. The unit will be sold to the project developers, which is the rule when receiving EU funding. In our view, based on previous tenders, the sales price tends to correlate well with book values. We expect the tender to be concluded later this year.
…resulting in reduced exposure to the spot market. In our 5 March 2020 sector report, we introduced our spot rate forecast of USD45k/day for 2020e, USD41k/day for 2021e and USD35k/day for 2022e. At these levels, the fair value of a TFDE would be close to USD120m, far below what we deem to be a likely sales price if converting a TFDE for the project. Hence we consider it positive the project is moving along.
Combined 11 units open by end-2020. GasLog currently has – out of a fleet of 20 vessels – four TFDE vessels uncommitted to long-term charters, with one steam vessel to come off charter towards the end of 2020 and one TFDE vessel coming off contract in early-2021. GasLog Partners has – out of a fleet of 15 vessels – one steam vessel open in the market and another five (one TFDE and four steam) coming off contract by the end of 2020.
HOLD TP: USD7.00
GLOG versus S&P 500 TR (12m)

Source: Factset

Note: Unless otherwise stated, the share prices in this note are the last closing price.


EQUITY RESEARCH 27 March 2020 Research report prepared by DNB Markets, a division of DNB Bank ASA Industrials Bulletin This report was completed and disseminated at 11:55 CET on 27 March 2020







2 6 10 14 18 22
mar mai jul sep nov jan mar GasLog S&P 500 TR (Rebased)
SUMMARY Recommendation (prev.) HOLD (BUY) Share price (USD) 3.32 Target price (previous) (USD) 7.00 (7.00) Upside/downside potential (%) 111 Tickers GLOG US, GLOG.US CAPITAL STRUCTURE No. of shares (m) 80.9 No. of shares fully dil. (m) 80.9 Market cap. (USDm) 268 NIBD adj end-2020e (USDm) 3,770 Enterprise value adj (USDm) 4,039 Net debt/EBITDA adj (x) 8.30 NAV per share (USD) 9.00 Source: Company, DNB Markets (estimates)
NEXT EVENT Investor Day 07/05/2020
Year-end Dec 2016 2017 2018 2019
citius
30.03.2020 kl 10:48 894


FLEX sluttet på 47 på fredag

Tror 50-lappen er veldig nær :-)

Ratene fortsetter opp. 56000 og 49000 for tri-fuel nå og sentimentet er "increasing" står det. Må vel plusse på 15-20 000 om dagen for skipene til Flex. Da er vi faktisk godt over 70 000 om dagen. Blir spennende og se hvor asia-ratene ender
citius
01.04.2020 kl 08:20 520


Hyggelig kursutvikling ! :-)