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Hoegh LNG Holdings Ltd (HLNGH.OL)

HLNGH.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Hoegh LNG CEO says dividend cut is temporary
Wednesday, 28 Feb 2018 03:46am EST 

Feb 28 (Reuters) - Hoegh Lng Holdings Ltd ::HOEGH LNG CEO SAYS DIVIDEND CUT IS TEMPORARY, WILL BE REVIEWED WHEN CUSTOMERS MAKE FIRMER COMMITMENT TO TAKE ON VESSELS THAT ARE UNDER CONSTRUCTION.FIRST QUARTER DIVIDEND IS CUT TO $0.025 PER SHARE FROM $0.125 IN Q4 .HOEGH LNG CEO SAYS PRIORITY IS TO SECURE CONTRACTS FOR UNIT NUMBER 8, 9 AND 10 UNDER CONSTRUCTION, WE ARE IN SEVERAL ADVANCED DISCUSSIONS.HOEGH LNG CEO SAYS CAN'T BE MORE SPECIFIC ON TIMING OF ANY CONTRACTS, ADDS TENDERS UNDER WAY IN EUROPE SOUTH AMERICA, MIDDLE EAST.HOEGH LNG CFO: PLAN IS TO REFINANCE UNSECURED DEBT IN THE NORDIC HIGH-YIELD BOND MARKET.  Full Article

Hoegh LNG cuts dividend, focus on securing new contracts
Wednesday, 28 Feb 2018 01:01am EST 

Feb 28 (Reuters) - Hoegh Lng Holdings Ltd ::HOEGH LNG Q4 EBITDA $‍43.0​ MILLION (REUTERS POLL $39 MILLION).HOEGH LNG DECLARES DIVIDEND OF $‍0.025​ PER SHARE (REUTERS POLL $0.13) VS $0.125 PER SHARE IN PREVIOUS QUARTER.HOEGH LNG Q4 RESULT AFTER TAX $‍20​ MILLION (REUTERS POLL $4.5 MILLION).‍BOARD OF DIRECTORS HAS DECIDED IT PRUDENT TO REDUCE DIVIDEND PAYMENTS IN ORDER TO OPTIMISE OUR EQUITY CAPITAL TOWARDS SUSTAINABLE LONG-TERM VALUE CREATION​.OUR BUSINESS DEVELOPMENT ACTIVITY REMAINS FOCUSED ON SECURING LONG TERM CONTRACTS FOR OUR FSRUS UNDER CONSTRUCTION, AND HERE WE ARE IN ADVANCED STAGES IN SEVERAL TENDERS WITH NEAR TERM DECISION POINTS​.‍WE CONTINUE TO SEE VALUE IN PROVISION OF DIVIDENDS TO OUR SHAREHOLDERS, AND DIVIDEND AMOUNT IS SUBJECT TO RE-EVALUATION AS WE FIRM UP NEW CONTRACTS​.HOEGH LNG Q4 OPERATING RESULT $‍​31.7 MILLION (REUTERS POLL $27.7 MILLION).HÖEGH LNG’S ATTENTION IS FOCUSED ON ESTABLISHING LONG-TERM EMPLOYMENT ON BINDING TERMS FOR THE THREE NEWBUILDINGS STILL UNDER CONSTRUCTION‍​.  Full Article

Hoegh LNG terminates FSRU deal, hopes for alternative employment
Friday, 24 Nov 2017 07:32am EST 

Nov 24 (Reuters) - Hoegh Lng Holdings Ltd :Termination of fsru charter agreement with Global Energy Infrastructure.‍As explained in its q3 2017 financial report issued 16 november 2017, Hoegh lng has considered its options under contract with GEI​.‍Concluded to terminate fsru charter agreement signed 15 december 2016​.‍Hoegh lng is involved in several ongoing processes for alternative employment for fsru number 9, which was originally intended for the GEI project.‍Remains optimistic that firm fsru employment will be in place before delivery end 2018​.  Full Article

Hoegh LNG Holdings: Main owner Leif Höegh & co. Ltd. buys 250,000
Wednesday, 22 Nov 2017 01:34am EST 

Nov 22 (Reuters) - Hoegh Lng Holdings Ltd :‍Leif Höegh & co. Ltd. ("LHC"), a primary insider of Höegh Lng, purchased 250,000 common shares in company on 21 November 2017 for a price of nok 63.375 per share.Following the above transaction, Leif Höegh & Co. Ltd., which is indirectly controlled by Leif O. Høegh and by family trusts under which Morten W. Høegh is a primary beneficiary, holds a total of 32,479,953 shares, representing 42.0 pct of the shares in the Company and 311,591 common units in Höegh LNG Partners LP ("HMLP")​.  Full Article

Baupost sold 200,000 Hoegh LNG shares on behalf of clients
Tuesday, 21 Nov 2017 09:07am EST 

Nov 21 (Reuters) - Hoegh LNG Holdings Ltd :‍baupost group sold 200,000 shares in hoegh lng holdings ltd on behalf of several clients​.‍baupost acts as discretionary investment adviser to its clients, and is authorized to exercise voting rights attached to shares under management on a discretionary basis.Following the transaction, the aggregate shareholding in HLNG over which Baupost is authorized to exercise voting rights on a discretionary basis is below 5 pct​.  Full Article

Hoegh LNG: Primary insider buys 250,000 shares in company at NOK 61.75 per share​
Tuesday, 21 Nov 2017 01:31am EST 

Nov 21 (Reuters) - Hoegh Lng Holdings Ltd :‍Leif Höegh & Co. ltd, a primary insider of Höegh LNG, purchased 250,000 common shares in company on 20 november 2017 for a price of nok 61.75 per share.Following the above transaction, Leif Höegh & Co. Ltd., which is indirectly controlled by Leif O. Høegh and by family trusts under which Morten W. Høegh is the primary beneficiary, holds a total of 32,229,953 shares, representing 41.7% of the shares in the Company and 311,591 common units in Höegh LNG Partners LP.​.  Full Article

Hoegh LNG sold remaining 49 pct Grace stake for $172.5 mln
Thursday, 16 Nov 2017 01:15am EST 

Nov 16 (Reuters) - Hoegh Lng Holdings Ltd :agreement to transfer the remaining 49% ownership interest in Höegh LNG Colombia Holding Ltd. ("Grace Holding"), the sole owner of the entities that own and operate Hoegh Grace, to Hoegh LNG Partners LP for a purchase price of USD 172.5 million, less USD 86.6 million in pro-rata indebtedness related to Hoegh Grace expected to be outstanding at the closing date of the transaction.  Full Article

Hoegh LNG Partners Lp agrees to buy remaining 49 pct interest in the FSRU Hoegh Grace
Thursday, 16 Nov 2017 01:00am EST 

Nov 16 (Reuters) - Hoegh Lng Partners Lp -:HOEGH LNG PARTNERS LP AGREES TO ACQUIRE REMAINING 49% INTEREST IN THE FSRU HÖEGH GRACE.‍PURCHASE PRICE FOR ACQUISITION WILL BE $85.9 MILLION​.CO INTENDS TO SETTLE PURCHASE PRICE WITH COMBINATION OF CASH AND DRAWING UNDER ITS EXISTING REVOLVING CREDIT FACILITY​.HOEGH LNG PARTNERS LP - ANTICIPATES RECOMMENDING TO BOARD DISTRIBUTION INCREASE WITH RESPECT TO QUARTER ENDING MARCH 31, 2018 TO REFLECT ACQUISITION​.‍BOARD OF DIRECTORS OF PARTNERSHIP AND CONFLICTS COMMITTEE HAVE APPROVED ACQUISITION AND PURCHASE PRICE​.  Full Article

Hoegh LNG Holdings Q3 misses forecast due one-off provision
Thursday, 16 Nov 2017 01:00am EST 

Nov 16 (Reuters) - Hoegh Lng Holdings Ltd :Hoegh lng q3 ebitda $‍31.6​ million (reuters poll $38.2 million).‍ebitda of usd 31.6 million, or usd 40.6 million adjusted for non-recurring items​.Hoegh lng q3 result after tax $‍1.1​ million.‍profit after tax of usd 1.1 million, or usd 10.8 million adjusted for non-recurring items​.Hoegh lng declares dividend of $‍0.125​ per share (reuters poll $0.125).‍activity in fsru and lngc markets is high​.‍remain confident that we will secure additional long term contracts to supplement our current backlog and fleet employment​.‍we are further pleased to see that strong financial platform of höegh lng is facilitating further diversification of debt and equity funding sources supporting growth of company​.Hoegh lng q3 operating result $20.4‍​ million (reuters poll $27.2 million).Provision made with regards to performance guarantees on neptune and gdf suez cape ann relating to the initial years when they were operated as lng carriers‍​.Confident it will reach its goal of having 12 fsrus in operation or under construction by 2019.Well positioned to take advantage of further growth opportunities‍​.  Full Article

Höegh LNG Partners announces pricing of series A preferred unit offering
Thursday, 28 Sep 2017 03:12pm EDT 

Sept 28 (Reuters) - Hoegh Lng Holdings Ltd - :Höegh LNG partners LP announces pricing of Series A preferred unit offering.Priced public offering of 4 million of 8.75% series cumulative redeemable preferred units at $25.00 per unit.Distributions will be payable on series a preferred units at initial rate of 8.75% per annum of stated liquidation preference of $25.00.  Full Article

NORWEGIAN STOCKS-Salmar and Hoegh LNG drop after Q2 results

OSLO, Aug 23 (Reuters) - * Norwegian shares traded up on Thursday * Oslo's benchmark index rose 0.04 pct, or 0.34 points, to 907.33 points and was up by 11.36 pct year-to-date * The broader Oslo All Share Index was unchanged for the day * Brent crude futures, a trigger for the oil heavy Oslo Bourse, fell $-0.22 to $74.56 a barrel * Among the biggest firms on the Oslo Bourse, Equinor rose 0.05 pct, Telenor fell 0.94 pct and DNB rose 0.60 pct * Turnover at the Oslo Bourse was 2.3 billion Norwegian