Announcement • Jun 05
Awilco LNG ASA Announces Board and Committee Changes Awilco LNG ASA at its annual general meeting held on June 2, 2026 approved election of members of the Board of Directors, where Anders Onarheim was elected as a new member and Chairman of the Board of Directors. It is further contemplated that Mrs. Synne Syrrist steps down as Chair and continues as a Board member, and that Mr. Jens-Julius R. Nygaard steps down as a Board member. The Nomination Committee's proposal was presented. Mr. Eric Jacobs was elected as chair for a period of two years in 2025. Board Change • May 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Jens Ismar was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 05
Awilco LNG ASA, Annual General Meeting, May 13, 2026 Awilco LNG ASA, Annual General Meeting, May 13, 2026. Announcement • Dec 20
Awilco LNG ASA to Report Fiscal Year 2024 Final Results on Apr 09, 2025 Awilco LNG ASA announced that they will report fiscal year 2024 final results at 12:00 PM, Central European Standard Time on Apr 09, 2025 Announcement • Dec 18
Awilco LNG ASA, Annual General Meeting, May 07, 2025 Awilco LNG ASA, Annual General Meeting, May 07, 2025. Reported Earnings • Nov 16
Third quarter 2024 earnings released: US$0.002 loss per share (vs US$0.03 profit in 3Q 2023) Third quarter 2024 results: US$0.002 loss per share (down from US$0.03 profit in 3Q 2023). Revenue: US$12.0m (down 23% from 3Q 2023). Net loss: US$272.0k (down 108% from profit in 3Q 2023). Revenue is expected to fall by 28% p.a. on average during the next 3 years compared to a 1.1% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 23
Second quarter dividend of kr0.25 announced Shareholders will receive a dividend of kr0.25. Ex-date: 2nd September 2024 Payment date: 12th September 2024 Dividend yield will be 72%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 105% per year over the past 2 years. However, payments have been volatile during that time. EPS is expected to decline by 97% over the next 3 years. Since a fall of 11% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: US$0.07 (vs US$0.08 in 2Q 2023) Second quarter 2024 results: EPS: US$0.07 (down from US$0.08 in 2Q 2023). Revenue: US$22.8m (up 3.2% from 2Q 2023). Net income: US$8.72m (down 21% from 2Q 2023). Profit margin: 38% (down from 50% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 32% p.a. on average during the next 3 years compared to a 1.1% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 36% per year. Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: US$0.07 (vs US$0.08 in 2Q 2023) Second quarter 2024 results: EPS: US$0.07 (down from US$0.08 in 2Q 2023). Revenue: US$22.8m (up 3.2% from 2Q 2023). Net income: US$8.72m (down 21% from 2Q 2023). Profit margin: 38% (down from 50% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 32% p.a. on average during the next 3 years compared to a 1.1% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 36% per year. Upcoming Dividend • Jun 12
Upcoming dividend of kr0.75 per share Eligible shareholders must have bought the stock before 19 June 2024. Payment date: 02 July 2024. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 24%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.5%). Announcement • May 26
Awilco LNG ASA Announces Cash Dividend Payment for First Quarter of 2024, Payable on or About July 2, 2024 On May 22, 2024, the Board of Awilco LNG ASA authorized a cash dividend payment of NOK 0.75 per share to the shareholders on record as of June 20, 2024 for first quarter of 2024. The shares in Awilco LNG ASA will be traded ex. dividend from and including June 19, 2024, and dividend will be paid on or about July 2, 2024. New Risk • Apr 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 76% per year for the foreseeable future. Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (€82.3m market cap, or US$87.7m). Reported Earnings • Apr 18
Full year 2023 earnings released: EPS: US$0.29 (vs US$0.044 in FY 2022) Full year 2023 results: EPS: US$0.29 (up from US$0.044 in FY 2022). Revenue: US$80.7m (up 57% from FY 2022). Net income: US$38.3m (up US$32.5m from FY 2022). Profit margin: 47% (up from 11% in FY 2022). The increase in margin was primarily driven by higher revenue. Revenue is expected to decline by 23% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.2%. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 11
Upcoming dividend of kr1.00 per share Eligible shareholders must have bought the stock before 18 March 2024. Payment date: 03 April 2024. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 26%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (3.4%). Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: US$0.29 (vs US$0.044 in FY 2022) Full year 2023 results: EPS: US$0.29 (up from US$0.044 in FY 2022). Revenue: US$80.7m (up 57% from FY 2022). Net income: US$38.3m (up US$32.5m from FY 2022). Profit margin: 47% (up from 11% in FY 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to decline by 24% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 61% per year whereas the company’s share price has increased by 63% per year. Announcement • Feb 28
Awilco LNG ASA Announces Cash Dividend, Payable on or About April 3, 2024 Awilco LNG ASA announced cash dividend of NOK 1.00 per share. Last day including right: March 15, 2024. Ex-date: March 18, 2024 Record date: March 19, 2024. Payment date: on or about April 3, 2024. Date of approval: February 27, 2024. New Risk • Jan 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.1m (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 38% per year for the foreseeable future. Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (€91.1m market cap, or US$99.1m). Announcement • Dec 08
Awilco LNG ASA, Annual General Meeting, May 14, 2024 Awilco LNG ASA, Annual General Meeting, May 14, 2024. Upcoming Dividend • Nov 20
Upcoming dividend of kr0.35 per share at 11% yield Eligible shareholders must have bought the stock before 27 November 2023. Payment date: 07 December 2023. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (2.7%). Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: US$0.03 (vs US$0.04 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.03 (up from US$0.04 loss in 3Q 2022). Revenue: US$15.6m (up 92% from 3Q 2022). Net income: US$3.34m (up US$8.46m from 3Q 2022). Profit margin: 21% (up from net loss in 3Q 2022). The move to profitability was primarily driven by higher revenue. Revenue is expected to decline by 17% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 3.4%. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has increased by 98% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 26% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Earnings are forecast to decline by an average of 26% per year for the foreseeable future. Minor Risk Short dividend paying track record (1 year of continuous dividend payments). New Risk • Oct 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €94.4m (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (€94.4m market cap, or US$99.8m). Announcement • Aug 23
Awilco LNG ASA Announces Cash Dividend, Payable on or about September 14, 2023 Awilco LNG ASA announced cash dividend of NOK 0.25 per share. Ex-date is August 30, 2023. Record date is August 31, 2023. Payment date is on or about September 14, 2023. Reported Earnings • Aug 23
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: US$22.1m (up 80% from 2Q 2022). Net income: US$11.0m (up US$11.0m from 2Q 2022). Profit margin: 50% (up from 0.3% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.5%. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has increased by 96% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 26
First quarter 2023 earnings released: EPS: US$0.07 (vs US$0.05 in 1Q 2022) First quarter 2023 results: EPS: US$0.07 (up from US$0.05 in 1Q 2022). Revenue: US$20.7m (up 44% from 1Q 2022). Net income: US$9.05m (up 51% from 1Q 2022). Profit margin: 44% (up from 42% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 25
Awilco LNG ASA Announces Dividend, Payable on or About June 15, 2023 Awilco LNG ASA announced dividend of NOK 0.50 per share. Ex-date: May 31, 2023, Record date: June 1, 2023 and Payment date: on or about June 15, 2023. Reported Earnings • Apr 25
Full year 2022 earnings released Full year 2022 results: Revenue: US$51.5m (down 14% from FY 2021). Net income: US$5.80m (down 73% from FY 2021). Profit margin: 11% (down from 36% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 89% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: US$0.04 (vs US$0.16 in FY 2021) Full year 2022 results: EPS: US$0.04 (down from US$0.16 in FY 2021). Revenue: US$51.5m (down 14% from FY 2021). Net income: US$5.80m (down 73% from FY 2021). Profit margin: 11% (down from 36% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 73% per year, which means it is significantly lagging earnings growth. Announcement • Feb 17
Awilco LNG ASA Proposes Dividend for the Year 2022, Payable on or About March 9, 2023 Awilco LNG ASA announced that on February 15, 2023 the Board authorized a cash dividend payment of NOK 0.50 per share. A proposal for further quarterly dividend payments will be presented to the Annual General Meeting. Last day including right is February 22, 2023, Ex-date is February 23, 2023, Record date is February 24, 2023 and Payment date is on or about March 9, 2023. Buying Opportunity • Jan 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €0.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 55% in 2 years. Earnings is forecast to grow by 496% in the next 2 years. Recent Insider Transactions • Dec 03
Non-Executive Director recently sold €56k worth of stock On the 30th of November, Jon-Aksel Torgersen sold around 64k shares on-market at roughly €0.87 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €88k more than they bought in the last 12 months. Reported Earnings • Nov 30
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: US$8.10m (down 45% from 3Q 2021). Net loss: US$5.10m (down 199% from profit in 3Q 2021). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Announcement • Nov 29
Awilco LNG ASA Approves Revised Dividend Policy In November the Board of Directors of Awilco LNG ASA approved a revised dividend policy to maximize return to shareholders and thereby intend to distribute a substantial part of annual free cash flow, paid out quarterly, always subject to required working capital and a robust cash buffer. Initial payment is expected to take place in first quarter 2023 when both vessels have commenced their respective contracts. Board Change • Nov 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Ole Hvidsten was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: US$0 (vs US$0.02 in 2Q 2021) Second quarter 2022 results: EPS: US$0 (down from US$0.02 in 2Q 2021). Revenue: US$12.3m (down 3.2% from 2Q 2021). Net income: US$35.0k (down 99% from 2Q 2021). Profit margin: 0.3% (down from 26% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 53% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 28
First quarter 2022 earnings released First quarter 2022 results: Revenue: US$14.3m (down 19% from 1Q 2021). Net income: US$6.00m (down 14% from 1Q 2021). Profit margin: 42% (up from 40% in 1Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 5.1% compared to a 51% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • May 12
EPS Ventures Ltd. acquired a 5.2% stake in Awilco LNG ASA (OB : ALNG). EPS Ventures Ltd. acquired a 5.2% stake in Awilco LNG ASA (OB : ALNG) on May 6, 2022. Pursuant to the transaction, EPS acquired 6,666,000 shares in Awilco, representing 5.2% stake in it.
EPS Ventures Ltd. completed the acquisition of a 5.2% stake in Awilco LNG ASA (OB : ALNG) on May 6, 2022. Board Change • Apr 29
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Steve Christy was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 19
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$0.16 (up from US$0.059 loss in FY 2020). Revenue: US$59.6m (up 67% from FY 2020). Net income: US$21.1m (up US$29.0m from FY 2020). Profit margin: 36% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 11% compared to a 67% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 27
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: US$0.04 (up from US$0.05 loss in 3Q 2020). Revenue: US$14.7m (up 293% from 3Q 2020). Net income: US$5.14m (up US$11.6m from 3Q 2020). Profit margin: 35% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 19% compared to a 53% growth forecast for the industry in Germany. Breakeven Date Change • Sep 12
Forecast to breakeven in 2021 The 2 analysts covering Awilco LNG expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$20.0m in 2021. Earnings growth of 17% is required to achieve expected profit on schedule. Breakeven Date Change • Sep 07
Forecast to breakeven in 2021 The 2 analysts covering Awilco LNG expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$20.0m in 2021. Earnings growth of 17% is required to achieve expected profit on schedule. Reported Earnings • Aug 30
Second quarter 2021 earnings released: EPS US$0.02 (vs US$0.04 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$12.7m (up 151% from 2Q 2020). Net income: US$3.26m (up US$8.57m from 2Q 2020). Profit margin: 26% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Breakeven Date Change • Aug 25
Forecast to breakeven in 2021 The 2 analysts covering Awilco LNG expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$20.0m in 2021. Earnings growth of 17% is required to achieve expected profit on schedule. Reported Earnings • May 22
First quarter 2021 earnings released: EPS US$0.05 (vs US$0.02 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$17.6m (up 25% from 1Q 2020). Net income: US$6.94m (up 158% from 1Q 2020). Profit margin: 40% (up from 19% in 1Q 2020). Announcement • Mar 17
Awilco LNG ASA Appoints Per Heiberg as CFO Awilco LNG ASA announced that Mr. Per Heiberg has been appointed CFO of the Company and will start 6th April 2021. Mr. Heiberg comes from the position as CFO in Golden Ocean Group Limited where over his 15-year career also held the positions as Risk Manager and Vice President Finance. Reported Earnings • Feb 20
Full year 2020 earnings released: US$0.06 loss per share (vs US$0.062 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: US$35.6m (down 4.0% from FY 2019). Net loss: US$7.85m (loss narrowed 5.0% from FY 2019). Announcement • Jan 17
Awilco LNG ASA Provides Contract Update Awilco LNG ASA announced that the 2013-built 156,000 cbm TFDE WilPride has been committed on an 2-3 month time charter contract with expected gross revenues of between USD 10.3 million and USD 14.3 million. With forecasted all-in cash break-even of about USD 58,000 per day per vessel in 2021 the contract is estimated to generate surplus liquidity of between USD 6.2 million and USD 8.6 million. The contract is expected to commence upon redelivery from the current contract in the first half of February 2021. Gas prices and spot LNG shipping rates have recently increased dramatically for several reasons including cold weather, various production disruptions and fleet inefficiencies. Forward gas prices for the remainder of 2021 has recovered together with consensus shipping rates. The Company’s financial results in 2021 are expected to improve on 2020. Is New 90 Day High Low • Jan 16
New 90-day high: €0.22 The company is up 132% from its price of €0.095 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 30% over the same period. Reported Earnings • Nov 21
Third quarter 2020 earnings released: US$0.05 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: US$3.73m (down 44% from 3Q 2019). Net loss: US$6.45m (loss widened US$5.39m from 3Q 2019). Announcement • Nov 02
Øyvind Ryssdal Leaves Awilco LNG ASA as CFO Awilco LNG ASA announced that CFO Øyvind Ryssdal will leave the company to pursue other career opportunities outside the industry.