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Exmar NV - An Underpriced Cash Cow EXMAR held a Board of Directors meeting on March 28, 2023, to review the results for the year ending on December 31, 2022. In 2022, EXMAR completed the sale of its floating liquefaction barge TANGO FLNG to Eni, and signed a 10-year charter agreement with Eni for EXCALIBUR, now fully owned by EXMAR. With the proceeds from the sale, EXMAR became net debt free. EXMAR also started generating charter income from the FSRU EEMSHAVEN LNG from August 2022. Additionally, the company ordered two innovative 46,000 m3 Midsize LPG/ammonia carriers with dual fuel LPG propulsion. In March 2023, EXMAR announced that it had ordered two more innovative 46,000 m3 Midsize LPG/ammonia carriers, which can be powered by ammonia fuel. The company also reported the closing of the sale of the floating liquefaction barge TANGO FLNG to Eni, a 10-year charter agreement signed with Eni for EXCALIBUR, and becoming net debt free after receiving proceeds from the TANGO FLNG sale in August 2022. Additionally, EXMAR has started receiving charter income from FSRU EEMSHAVEN LNG since August 2022 and has sold and delivered the LPG carrier BASTOGNE, which was built in 2002. The company reported consolidated results for December 31, 2022, and December 31, 2021. The revenue increased from $148.2 million in 2021 to $155.6 million in 2022. EBITDA also increased from $51.3 million in 2021 to $341.6 million in 2022. The operating result (EBIT) increased from $2.4 million in 2021 to $312.8 million in 2022. The net finance result was -$23.4 million in 2022, compared to -$10.6 million in 2021. The company had a result for the period of $320.3 million in both 2021 and 2022, with a group share of $320.3 million. EXMAR provided an update on its fleet of gas carriers in its 2022 year-end review. The company's VLGCs and MGCs continued to perform well under their current contracts with Equinor, and the MGC market experienced a rate uplift due to increased LPG production, particularly in the USA. EXMAR sold and delivered the LPG carriers EUPEN and BASTOGNE, and signed newbuilding contracts for two innovative 46,000 m3 Midsize LPG/ammonia carriers with dual fuel LPG propulsion. In March 2023, the company ordered two additional 46,000 m3 Midsize LPG/ammonia carriers and is considering equipping them with dual fuel ammonia propulsion. EXMAR's pressurized fleet remained dedicated to well-established partners in Europe and Asia. In 2022, EXMAR's Infrastructure segment revenue decreased by USD 12.3 million compared to the previous year due to the absence of charter income and early termination fee from the previous year. However, new contracts with Gasunie and Eni started delivering revenue in the second half and fourth quarter of 2022, respectively. In March 2022, EXMAR secured a five-year charter agreement for its floating storage and regasification unit (FSRU) S188 with GASUNIE. As per the contractual stipulations, hire income began from mid-August 2022, and the FSRU S188, now renamed EEMSHAVEN LNG, started commercial operations in October 2022. In 2021, the EEMSHAVEN LNG had an impairment charge of USD 19.0 million due to its unemployment, but in 2022, the market significantly improved, and USD 18.3 million was reversed. On 5 August 2022, EXMAR sold the shares of Export LNG Ltd, the owner of TANGO FLNG, to Eni for USD 646.7 million, positively impacting EBITDA and EBIT by a gain of USD 315.7 million. Eni plans to use the TANGO FLNG in the Republic of Congo and also agreed to a 10-year charter for a Floating Storage Unit (FSU) based on the conversion of an LNG carrier. EXMAR acquired the 50% share of the LNG carrier EXCALIBUR from joint venture partner SEAPEAK to fulfill this contract with Eni. These contracts with Eni have contributed to EXMAR's revenue and EBITDA since the fourth quarter of 2022. EXMAR's accommodation and work barge NUNCE provided high-standard services to its customer offshore Angola, and its contract has been extended until May 2023. The accommodation and work barge WARIBOKO is available for new services. EXMAR's engineering subsidiaries are seeing high utilization of project management and engineering services supporting various contracts for the development and implementation of different deep-water offshore developments, mainly in the Gulf of Mexico. Additionally, EXMAR concluded a contract with Eni for engineering services related to the Congo project. Some key points from the financial information provided: - As of December 31, 2022, EXMAR had a net financial debt of USD 105.2 million, compared to a net cash position of USD 492.0 million at the same time in 2021. - The proceeds from the sale of Export LNG Ltd (which owned the TANGO FLNG) were used to partially repay the outstanding loan to Bank of China and to repay and terminate the Sequoia credit facility. - The financial impact of the Gasunie and Eni contracts for EXMAR's Infrastructure segment started to be reflected in the company's revenue and EBITDA from the second half of 2022 and the fourth quarter of 2022, respectively. "Dividend The Board of Directors proposes to the General Meeting of Shareholders on 16 May 2023 to distribute a gross dividend of EUR 1,0 per share. The net dividend amounts to UR 0,70 per share (after deduction of 30% withholding tax) . Ex date : 22 May 2023 – Record date : 23 May 2023 – Pay date : 24 May 2023" In this case, the proposed gross dividend per share is EUR 1.0. After deducting the 30% withholding tax, the net dividend per share is EUR 0.70. So the dividend yield is: (0.70 / 8.66) x 100% = 8.09% Investing in a debtless company can be attractive because it indicates that the company has a strong financial position and may be less susceptible to financial difficulties. However, it's important to note that being debtless doesn't necessarily mean that a company is a good investment. There are other factors to consider such as the company's growth potential, profitability, competitive advantage, and management team. It's important to conduct thorough research and analysis before making any investment decisions. Hopefully this summary provides a deeper understanding of where the company is heading in 2023!
EURONEXT:EXMLong
by Fondera-Trading
Ross Stores to close it's gap?Ross Stores - 30d expiry - We look to Sell at 112.85 (stop at 118.61) Short term bias has turned negative. We are trading at overbought extremes. We have a Gap open at 18/11/2022 from 97.93 to 114.80. Previous support at 113 now becomes resistance. 50 1 day EMA is at 112.96. Preferred trade is to sell into rallies. Our profit targets will be 98.51 and 96.51 Resistance: 109.00 / 113.00 / 117.50 Support: 105.10 / 98.50 / 94.50 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:ROSTShort
by VantageMarkets
Yellow lines working for R and SSo far my yellow lines have served me well for buying, selling Rinse and repeat this week. Let's see how much longer they stay in play. This is the SAME chart i used in the end of 21 and through 22 and tried showing everyone where we would be After turkey day. That prediction also came TRUE. No one seemed to be on board with the massacre of the markets coming AFTER the Holidays. BUT here we are and the older chart zoomed out CLEARLY shows that we went DOWN right into the zones i mentioned i thought we were headed to back when everyone else was talking about spx $ 5k.
SP:SPX
by rarebreed29
TSLA - One possible scenario for the stock priceFor this scenario to happen we have to break an important resistance level - the $202 level. After that we will expect a retracement without making new lows, and then start to consolidate and slowly move to the upside again. Trade with care. Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. We do not recommend making hurried trading decisions. You should always understand the risk that trading implies and that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
NASDAQ:TSLALong
by FractalTrading
GIS - (General Mills) Short OpportunityBased on my strategy, there seems to be a Bearish Divergence on GIS. Meaning that the price action is making higher highs, but the RSI is making lower highs. This could be a good time to buy PUTS on GIS with a very tight stop loss. The idea will be invalidated if the RSI creeps about the dotted line on the chart. I have marked the support levels on the chart based on which you can plan your trades and exits. Please do your own research. I'm not a financial advisor. Trade safely!
NYSE:GISShort
by MoneyChartz
Alibaba Group Holding Analyze !!!BABA passed wave 5 in the Resistance Zone , and I expect that it will go DOWN to PRZ ( Price Reversal Zone ) & near the SMA 100 ( Daily Timeframe ) after breaking the Important Support Line . Also, we can see the Regular Divergence (RD-) between Price and MACD Indicator . Alibaba Group Holding Analyze ( BABAUSD ) Timeframe 4H ⏰ ( Heikin Ashi ) Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
NYSE:BABAShort
by pejman_zwin
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