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Home / Shipping News / International Shipping News / BW Epic Kosan – BUY NOK 22 (prev. BUY 20) – 1Q Preview: A start of a new era for the company BW Epic Kosan – BUY NOK 22 (prev. BUY 20) – 1Q Preview: A start of a new era for the company BW Epic Kosan, which we all knew as Epic Gas previously, is reporting its 1Q21 results next Wednesday. Due to uncertainty on accounting we present our expectations of the old part of the company for 1Q and add the projections of BW Kosan’s figures starting in 2Q, which might be changed if some other structure is revealed during the presentation. 1Q...

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Epic Gas: Stronger-than-predicted results and first-ever dividends Solid cost control, despite Covid-19 impact, let Epic Gas report stronger results this morning than we predicted. The global LPG seaborne macro trends were revised down but not as pessimistic as forecast during 3Q20, while the recovery in 2021 is still expected. First-ever dividends were proposed by the company of USD 0.14069/sh. The combination with Lauritzen Kosan should be finished by end-1Q21. Following the more positive report than we predicted we are likely to raise our estimates and keep our Buy recommendation for the s...

Epic Gas: Business Combination With Lauritzen Kosan Might Adjust The Picture Epic Gas posts its 4Q20 report next Wednesday. Following somewhat declining rates and having in mind winter holidays and the pandemic, we expect results on the weaker side. We have not included the potential business combination with Lauritzen Kosan anyhow in our model until it is official and more details are announced, which were planned in 1Q21. Until then, we reiterate Buy recommendation for the stock at an unchanged NOK 19/sh Target Price. Somewhat weaker quarter expected There were some signs of weakness during...

CONSOLIDATED INTERIM FINANCIAL INFORMATION FOR THE QUARTER ENDED 30 SEPTEMBER 2020 Covid-19 visibly impacting results OSLO / SINGAPORE, 12... | February 11, 2021