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Limit sell lifted @ 8.30pm for $12 all out now .
On 3/1/20 a high of $13 , I bought them 26/6/20 for $7.9 then on 28/10/20 for $7.5 .
Sold that back 10/11/20 for $8.25.
The third USA sale today
Also sold ROBINHOOD MARKETS INC - for the same amount $12 just noticed .
Coinbase Global inc $168
Got them all back $11.24 ( 6.5% ) one in day
Thank God I bought them back sold half of then for $19.69.
Had order to sell all on 3/11/22 for $19 before changing to 50% of .
Moved sale order to a failed $19.50 yesterday.
Email from D offer only open to USA based holders.
Might then delist .
Forced to sell , be lucky to get a little more then tenner offer price .
Thank God I sold half the buy back for $19.69
15/2/2024
CMB has launched its mandatory takeover bid for Euronav, a test of shareholder appetite for its vision of a sustainability-focussed future for the company.
CMB’s bid for the outstanding shares in Euronav is the result of a deal made late last year to break a stalemate between Euronav and Frontline over the future of the tanker owner. Under the arrangement, CMB acquired a 26.12% stake in Euronav, bringing its total stake to 49%, 58% when its related parties are accounted for.
A takeover bid is mandatory when a shareholder takes its stake over 30%, and the CMB offer of $17.86 per share for the remaining 42% of the company will give an off-ramp for shareholders who lack confidence in the plan to transform Euronav into a diversified shipowner at the forefront of the decarbonisation of the industry.
Euronav shareholders agreed earlier this month to purchase CMB’s green ships and green technology arm CMB.TECH for $1.15bn. The company is set to be renamed CMB.TECH on closing of the takeover bid on March 15.
CMB’s has placed CMB.TECH and its 106 vessels within Euronav to foster ties within the companies and accelerate progress in the development and application of green solutions in the maritime industry.
“The intention of [CMB] is for Euronav to become the main entity within the CMB Group for low carbon marine and industrial applications and will focus on growing the future-proof fleet of the CMB Group,” the buyout prospectus said.
“By divesting less efficient/older tankers and re-investing the proceeds in newbuildings/modern second hand vessels or technical upgrades (e.g. energy saving devices), [CMB] wants to optimize Euronav’s large remaining fleet of tankers to continue offering the best fleet to its customers
Euronav will have priority on charters of over three months where Euronav and CMB vessels compete.
CMB said the benefits it saw from the takeover were a combination of its long term strategy and the financial strength and operational excellence of Euronav. For Euronav shareholders, the benefit is the bid price, said CMB, set at the level of $18.43 CMB paid for its stake in November, minus a $0.57 dividend per share.
Euronav’s fleet stands at 155 vessels, including those acquired with CMB.TECH. 104 ships are on the water and 51 are newbuild orders. The on the water fleet comprises two FSOs, 17 VLCCs, 22 suezmaxes, three newcastlemaxes, two container vessels, two chemical tankers, 53 CTV vessels, two passenger ferries and one tugboat.
Four VLCCs and four suezmaxes are under construction, as well as 23 newcastlemax and two coaster bulkers, six chemical tankers, four CTV vessels and five CSOV vessels
Interesting tec chart site .
https://stockinvest.us/stock/EURN
Today $14.26
March 19 (Reuters) - Tanker company Euronav (EUAV.BR), opens new tab will exit Belgium's blue-chip Bel-20 index after just two days of trading, as it no longer meets the membership conditions after its takeover by Compagnie Maritime Belge (CMB), bourse operator Euronext said on Tuesday.
CMB, owned by the Saverys family, and affiliates together hold 88.61% of the outstanding shares in Euronav, which exceeds the maximum allowed for the index.
"The Bel 20 rulebook prescribes that should the acquiring party own more than 85% of the shares, the company being acquired will exit the index," Euronext said.
Belgium's Euronav announced in October that its two major shareholders, CMB and Frontline (FRO.OL), opens new tab, had reached a deal that would see the Saverys family take control of the oil tanker company and buy its remaining shares.
That deal between CMB and peer Frontline came after the latter - controlled by Norwegian-born shipping tycoon John Fredriksen - in January 2023 scrapped a $4.2 billion merger plan with Euronav that would have created the world's largest publicly-listed tanker company.
RNS results from January.
Up 4% to $18.08 today, 18/8/23 the year high $18.44.
Is there still danger of delisting and when ? .
Euronav NV reported quarterly adjusted earnings of $2.46 per share for the quarter ended in January, higher than the same quarter last year, when the company reported EPS of 87 cents. The mean expectation of seven analysts for the quarter was for earnings of 56 cents per share. Wall Street expected results to range from 42 cents to 66 cents per share.
Revenue fell 29.3% to $240.38 million from a year ago; analysts expected $240.41 million.
Euronav NV's reported EPS for the quarter was $2.46.
The company reported quarterly net income of $495.25 million.
Euronav NV shares had risen by 4.4% this quarter and lost 1.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 1% in the last three months.
In the last 30 days, oary .ne analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."
The average consensus recommendation for the oil & gas transportation services peer group is also "hold"
Sold out today $20.7
Thank God I held .
Just two months ago the email from D offer only open to USA based holders.
Might then delist .
Concerned I was being forced to sell
Massive drop today 22% my main broker has.
Yahoo shows drop was yesterday can not find any news as to why .
Must be something to do with delisting .
Very few shares in free float .
Bought them back for $16 at 7pm .
One week after selling out for $20.7 ( 20.7 to 16 = 22.5 % )
Difficult to see why it dropped so much yesterday
This brokers downgrade from buy to hold only thing I can find .
Might have been a broker upgrade before recent rise.
May 23, 2024
'Time for a breather': KBC cuts Euronav to 'hold' after strong rally
EURN
KBC Securities cuts Belgian oil tanker company Euronav
to "hold" from "buy", saying its shares have had a strong rally since March, with positive news including a "surprise" cash distribution already done
** Shares have risen about 25% since late March, KBC says, adding that recent Q1 figures were broadly as expected while positive news have already been announced
** "To our surprise a $1.15 p.s. 1Q24 cash distribution was proposed next to the $4.57 p.s. cash distribution announced on March 20th," KBC says, also pointing to $115 mln worth of buy-backs executed in Q1
** It still acknowledges tailwinds for the wider sector, as crude tanker market continues to benefit from oil demand growth, historically low order books and an older age profile
** Out of seven analysts that cover Euronav, two rate the stock "strong buy" or "buy", and five "hold"
Got a large wad of cash from these guys today paid in my account.
Issue Market Type Date Price Status Currency
ACC EURONAV NV *BRUSELAS* International Dividends 31/05/2024 0,248756 Pending settlement EUR
ACC EURONAV NV *BRUSELAS* International Dividends 31/05/2024 3,215404 Pending settlement EUR
One payment is the usual dividend, but the other one is 20% of the value of the shares.