Det nye forumet finner du her

Tilbake til: Shipping
Innlegg av: Longsitinbulk (08.06.18 13:38 ), lest 1508 ganger
Ticker: AVANCE
Endret: 08.06.18 13:41

RE^1: Avance- en ekstremt giret LPG aksje- ratene eksploderer

Vi lar det ligge Kygo, både BW og Avance vil gå mye fra dagens kurser, så kan vi begge kose oss i hvert vårt bett.

Men jeg kan jo minne om at det for 2-3 måneder siden kom ut diverse analyser osv.
denne f.eks- så får man selv vurdere om det er størst oppside potensiale i Avance eller Bw.

ha en god helg

1y fwd NAV of 0.34

http://gersemiresearch.com/2018/02/18/avance-buy-tp-60-4q17-review-massive-upside-ahead/

The 4Q17 numbers was in-line with expectations, with few surprises emerging in the report or presentation. Avance rallied 7% on the day amongst a general appreciation of the VLGC segment. As we enter the seasonally strong period from April to August, we simultaneously expect supply growth to turn negative. Add annualized demand growth of ~10% and we remain highly optimistic on the share price development over both the short- and long-term horizon. We reiterate our BUY recommendation and have a NOK 60 target price.

4Q17 review: The results were largely in-
Investment case: Avance is our #1 pick in the VLGC space, trading at a P/NAV of 0.54 (peers 0.60) and 1y fwd NAV of 0.34 (0.46) even after applying a China-discount to its applicable fleet. Add historically high operational leverage and we see EV/EBITDA in ‘19E of 4.0 (4.5) and potential dividend yield of 48% (29%). We have generated a 139% return on our recommendations since Mar/14 (vs consensus’ -81%), and see 175% upside potential ahead as the VLGC segment is repriced in concert with the cyclical upturn.