|
Behandler innhold .. vennligst vent..
OldNick
13:08
22.11.2024
#33311
|
Flere, positive meldinger fra Solstad Offshore.
Ser ut som om aksjen steg ca. +20% på meldingen, som kom kl. 12:00.
SOFF: Global solution to the Normand Maximus "Residual Claim"
Børsmelding
22.11.2024
Skudeneshavn - Reference is made to previous communication from Solstad Offshore ASA (the
"Company") regarding the USD 197 million claim guaranteed by the Company, related to the financing of the vessel Normand Maximus (the "Residual Claim").
The Company is pleased to announce that the Company and some of its subsidiaries have entered into two agreements which finally discharge the Residual Claim.
The agreements implies a reduction of the Group's net debt by approximately NOK 1 billion. The agreements (related to the Residual Claim) are estimated to have an annual positive accounting effect of approximately NOK 500 million through reduced interest and depreciation. In addition, the contract extension for CSV Normand Maximus announced on 21.11.2024 will have positive one-off accounting effect of approximately NOK 500 million which will be reflected in the Company's Q4-accounts.
The agreements are as follows:
The Company and subsidiaries have entered into an agreement with MYF Maximus Limited ("MYF"). MYF is a former shareholder in Maximus Limited. Maximus Limited is the creditor for the Residual Claim.
MYF had initiated litigation in Norway and in the Cayman Islands to reclaim their previous shareholding and control in Maximus Limited. The litigation pertained to enforcement of share security by the Lenders in 2021.
The litigation was initiated against the lenders that had originally provided bank financing for the acquisition of "Normand Maximus" in 2016 (the "Lenders").
The agreement with MYF involves that MYF waives any claim and rights in Maximus Limited and the Residual Claim. The litigation in Cayman and Norway is discontinued and the judgment by the Oslo District Court of 07.07.2023 in favour of the Lenders is final.
A payment will be made by the Company's group to MYF in an amount of USD 91.45 million. This payment is agreed between the parties and Maximus Limited to discharge the Residual Claim in full.
The Company and the Lenders on the other side have entered into an agreement which discharges the rights and interests that the Lenders had in Maximus Limited and the Residual Claim pursuant to agreements entered into between the Company and the Lenders.
The agreements entered into also involves that the Company now owns and controls Maximus Limited, including the cash in the company.
The net amounts of approx. USD 102 million payable to MYF and the Lenders will be financed by cash in the Company and a term and revolving credit facility with DNB Bank ASA.
The Residual Claim has prevented the Company from paying dividends, whereas the new financing arrangements permit payment of dividend subject to financial performance of the Company.
The transaction was completed today, 22.11.2024.
Background on the litigation
The maturity date for the Residual Claim was originally 31.03.2024, but was postponed to 16.01.2027 in connection with the refinancing of the group announced 23.10.2023.
As part of the refinancing, a subsidiary of the Company was granted an option to purchase the Residual Claim against payment of NOK 200 million. The payment from the Company to the Lenders under the agreement now entered into is equal to the purchase option price of NOK 200 million. In addition NOK 25 million is paid to the Lenders as cost coverage.
The right to exercise the purchase option was contingent on the outcome of litigation in Norway and in the Cayman Islands regarding the ownership of the shares and control in Maximus Limited as the creditor for the Residual Claim.
The litigation was pending between the Lenders and MYF.
If the Lenders prevailed in the litigation, the option to purchase the Residual Claim was exercisable.
In the event that the Lenders did not prevail, the Company would have to pay or refinance the Residual Claim in 2027, in an amount including incurred interest of USD 241 million. The amount now paid under the agreements entered into with MYF and the Lenders is approximately 42% of the amount that would otherwise all due in 2027.
The two agreements between the involved parties, means that a satisfactory solution has been reached.
CEO Lars Peder Solstad says:
"The Company has been seeking solutions to the Residual Claim over time. The litigation on the Residual Claim was expected to be ongoing until at least 2026. The Residual Claim made a refinancing of the group at Company level for the March 2024 debt maturities impossible. Also after the refinancing announced in October 2023, the Residual Claim placed limitations on the operation and development of the Company.
Considering the risks involved with the litigation and the uncertainty that the Residual Claim placed upon the group, we are pleased to have reached a solution with the involved parties at satisfactory terms.
This uncertainty related to the Residual Claim is now brought to an end. The solution is made possible by the liabilities released and values unlocked in the 2023 refinancing of the group. Improved markets has during 2024 also opened for financing of the solution at manageable terms.
We look forward to take full advantage of this new flexibility in a strong offshore market."
Contacts:
Lars Peder Solstad CEO, tel. +47 9131 8585
Kjetil Ramstad CFO, tel. +47 9075 9489
Endret 13:08 22.11.2024 av OldNick |
OldNick
09:19
26.11.2024
#33337
|
SOFF: Flaggemelding Solstad Offshore
Børsmelding
26.11.2024
Kistefos AS og søsterselskapet Kistefos Investment AS («Kistefos») har den 25.11.2024 kjøpt 598 329 aksjer i Solstad Offshore ASA («Selskapet»).
Etter transaksjonen eier Kistefos 16 657 171 aksjer i Selskapet, tilsvarende en eierandel på 20.23%. |
OldNick
21:12
11.12.2024
#33529
|
Kistefos AS inviterer andre SOFF-aksjonærer (per 23.10.2023 og/eller 16.01.2024, se teksten for forklaring) til å delta i søksmål mot Aker Capital AS (100% eid av Aker ASA), Solstad Offshore ASA og Pareto Securities AS.
INVITASJON TIL Å DELTA I SØKSMÅL MOT AKER CAPITAL AS, STYRET OG DAGLIG LEDER I SOLSTAD OFFSHORE ASA OG/ELLER MOT PARETO SECURITIES AS
Solstadskandalen.no
11.12.2024
Solstadskandalen.no: Brevet (PDF)
Endret 21:12 11.12.2024 av OldNick |
OldNick
18:21
18.12.2024
#33617
|
Fearnley Sec ser 70% oppsiden i SOFF-aksjen.
Målkurs: 63.00 per aksje.
Tar opp dekning med 70% oppside
Fearnley Securities tar opp dekning av shippingaksje og mener aksjen skal rett til værs.
William Bugge, FA.no
18.12.2024
[Kommentar: Artikkelen ligger bak FA's betalingsmur. Noen som har artikkelen?]
Endret 18:40 18.12.2024 av OldNick |
OldNick
12:24
20.12.2024
#33643
|
SOFF: Solstad Offshore ASA - Investment in Omega Subsea
Børsmelding
20.12.2024
Skudeneshavn - Solstad Subsea Holding AS ("Solstad"), a wholly owned subsidiary of Solstad Offshore ASA, has today signed certain transaction documents whereby Solstad will acquire a 35.8% ownership share in Omega Subsea AS - thereby further strengthening Solstad Offshore's position in the subsea services segment.
Omega Subsea AS is a market-leading provider of ROV, tooling, personnel, survey and project management services to the global subsea industry. Omega Subsea has offices in Norway and the UK and has approximately 400 employees. For 2024, the company is expected to deliver revenue of approximately of NOK 800 million, with a result before tax of approximately NOK 100 million.
Omega Subsea's revenue has more than trebled since 2022, with associated exponential growth in profitability. This growth has to a large degree been driven by its current cooperation with Solstad Offshore, where Omega Subsea delivers ROVs, tools and personnel to vessels operated by Solstad companies.
Solstad Offshore's focus remains being an owner and operator of offshore vessels on dayrate-basis and have no intention of being a contractor, but its Services offering provides clients with access to more complete delivery.
"This investment strengthens our Service offering and gives us ownership in the solid competence that Omega Subsea AS holds. The cooperation with Omega Subsea provides customers with easy access to value-added services that they often require," says Lars Peder Solstad, CEO of Solstad Offshore ASA.
TRANSACTION DETAILS
Solstad Subsea Holding AS has agreed to acquire a 35.8% shareholding in Omega Subsea AS for an undisclosed amount.
Solstad Offshore's investment will be settled partly in cash and partly through contribution-in-kind of its current 49.99% ownership in Omega Subsea Robotics AS.
"We expect the subsea services market to grow in the coming years, driven by investments in both oil and gas and new subsea infrastructure within renewable energy. The investment in Omega Subsea will enable Solstad Offshore to capitalize more strongly on this projected market growth," adds Lars Peder Solstad.
Following completion of all transactions, Omega Subsea AS will own 100% of Omega Subsea Robotics AS. Shareholders of Omega Subsea AS will be Omega AS (60%), Solstad Subsea Holding AS (35.8%) and key employees of Omega Subsea (4.2%).
The transaction is subject to customary closing conditions including approval from the Norwegian Competition Authority, satisfactory due diligence and final transaction documentation. Completion of the transaction is expected in Q1-2025.
For Solstad Offshore ASA the transaction will be reflected as an investment in associates and accounted for using the equity method in line with IAS 28. The transaction is expected to result in a minor accounting impact.
ABOUT THE COMPANIES
Solstad Offshore ASA
The company own and operate a large fleet of offshore vessels, serving clients all over the world. Via the Service segment, the company offers a comprehensive range of services on dayrate basis to its clients, including ROV systems, survey, project manning delivery, engineering, and gangways. Solstad Services has significantly expanded over the years and continues to invest in new technologies and equipment to enhance its offerings.
Omega Subsea Robotics AS
Omega Subsea Robotics AS was established in 2022 as an industrial collaboration between Solstad Offshore and Omega Subsea, with the goal of making joint investments in ROV systems and associated equipment. The company has an ROV fleet consisting of 12 integrated and ordered ROV systems. 8 ROV systems are already mobilized onboard selected Solstad vessels while the 4 remaining ROVs are planned for integration throughout 2025.
Omega Subsea AS
Omega Subsea AS is responsible for managing, operating and staffing the ROV systems in the Omega Subsea Robotics fleet. The company was established in 2012 and has 400 employees, including partners and consultants. The company has offices in Bergen, Stavanger and Aberdeen (UK).
Contacts:
Lars Peder Solstad CEO, tel. +47 9131 8585
Kjetil Ramstad CFO, tel. +47 9075 9489 |
OldNick
16:59
10.01.2025
#33819
|
SOFF melder om ny kontrakt for skipet Normand Frontier.
Skipet er ikke eid av Solstad Offshore direkte, men eid av Solstad Maritime Holding AS, som SOFF eier ca. 27.3% av.
SOFF: Contract Award for CSV Normand Frontier
Børsmelding
10.01.2025
Solstad Offshore ASA ("Solstad") is pleased to announce a 3-year contract award with an international contractor for the CSV Normand Frontier.
The firm contract has an immediate startup and will keep the Normand Frontier fully committed until end 2027.
The commercial terms are confidential, but in line with current market levels for this type of vessel.
The vessel will support the client's operations worldwide. As part of the charter party, Solstad, together with Omega Subsea AS, will deliver two work class ROVs (WROVs) including manning, tooling, survey services, and project personnel.
Normand Frontier is owned by Solstad Maritime Holding AS, in which Solstad Offshore ASA holds 27.3%.
Skudeneshavn,
Jan. 10, 2025
Contacts:
Lars Peder Solstad CEO, tel. +47 9131 8585
Kjetil Ramstad CFO, tel. +47 9075 9489 |
OldNick
16:57
17.01.2025
#33871
|
SOFF: Solstad Offshore ASA - Investment in Omega Subsea AS completed
Børsmelding
16.01.2025
Skudeneshavn - Reference is made to the stock exchange announcement of 20 December 2024 regarding Solstad Subsea Holding AS' ("Solstad") acquisition of 35.8% ownership share in Omega Subsea AS.
Following approval from the Norwegian Competition Authority received earlier this week, the transaction has been completed today.
Solstad Subsea Holding AS is a wholly owned subsidiary of Solstad Offshore ASA.
Contacts:
Lars Peder Solstad CEO, tel. +47 9131 8585
Kjetil Ramstad CFO, tel. +47 9075 9489 |
OldNick
15:31
22.01.2025
#33912
|
Det jobbes videre med børsnoteringen av Solstad Maritime Holding AS ("SMH"), og nå meldes at den kan forventes i Q2-2025.
SMH skal ikke gjennomføre en IPO før en introduksjon på børsen (de har nok penger, og tilfredstiller kravene til hovedlisten allerede.
AMSC ASA, som eier nesten 20% av SMH, skal dele ut de aksjene de eier i SMH til sine aksjonærer i et spesialutbytte.
SOFF: Solstad Offshore ASA - Solstad Maritime Holding announces intention to list
Børsmelding
22.01.2025
Skudeneshavn - Solstad Maritime Holding AS (SMH or the Company) today announces that it intends to apply for a listing of its shares on Euronext Oslo Børs during Q2-2025. A listing is in line with the Company's previously expressed intention to list within 12 months after completion of its NOK 750 million equity raise in June 2024, and supported by the Company's three main shareholders, Aker Capital, Solstad Offshore and AMSC.
A listing of SMH is expected to facilitate further growth and development of the Company's business, improve the Company's ability to pursue strategic opportunities and provide a liquid market for the Company's shares.
SMH's largest shareholders are Aker Capital (42%), Solstad Offshore (27.3%), and AMSC (19.6%). The board of directors of AMSC has informed the Company that it intends to propose to distribute its 19.6% ownership stake in SMH to its shareholders in connection with a listing of the Company, which will contribute to substantially increase the free float in SMH's shares.
Completion of a listing is subject to, among other things, approval of a listing application by Euronext Oslo Børs, approval of a listing prospectus by the Norwegian Financial Supervisory Authority, conversion of the Company to a public company (ASA), the Company fulfilling applicable listing requirements and certain other conditions. SMH does not intend to carry out a share offering as part of its listing.
"We look forward to delivering on the intention to list the Company on a regulated market, as communicated when the company was refinanced in 2024, and thereby making the share liquid for its shareholders. We continue to experience a healthy market for offshore vessels, which is positive for the shareholders of both Solstad Maritime Holding and Solstad Offshore." says Lars Peder Solstad, CEO of Solstad Offshore.
Subject to, fulfilling the conditions for completing the listing set out above, the Company is expected to have a first day of trading on Oslo Børs during Q2-2025. Further announcements relating to the listing will be made in due course.
SMH is a leading provider of specialized offshore tonnage to the global energy markets, including the oil and gas and renewables industries. The Company owns 32 vessels, including 22 construction support vessels (CSVs) and 10 anchor handling tug supply vessels (AHTS), and have more than 1,700 employees. SMH also provides ROV, survey and other additional services to its Clients. The Company has operations worldwide, with particular focus on Brazil, North Sea, Southeast Asia, Australia and Africa.
Company Contacts:
Lars Peder Solstad CEO, tel. +47 9131 8585
Kjetil Ramstad CFO, tel. +47 9075 9489 |
gorwell
16:04
22.01.2025
#32580
|
AMSC opp 3.55 kroner så langt. Med 71864000 aksjer og ingenting annet endret, 19.6% av aksjene i SMH er verdsatt til 252 mill. Hele SMH er således verdsatt til snaue 1300 mill.
I andre nyheter, ved bruk av samme logikk som over, er SOFF's 27.3% verdt 104 mill. Hele SMH er således verdsatt til 380 mill.
Hmmm?
gorwell |
OldNick
16:19
22.01.2025
#33914
|
re. gorwell #32580,
Du har vel en 10-potens feil i tallene dine?
På 30.85, så er AMSC sin børsverdi ca. 2.22 mrd. kroner.
Dersom SMH-aksjene var AMSC's eneste eiendel, så tilsvarer dette en SMH-kurs på deres 91 422 601 SMH-aksjer på drøyt 24/aksje.
Siste omsetning på SMH-aksjer meldt av SOFF var vel på ca. 21/aksje.
Endret 16:24 22.01.2025 av OldNick |
gorwell
22:03
22.01.2025
#32582
|
Siste omsetning på SMH-aksjer meldt av SOFF var vel på ca. 21/aksje
Da kan vi si at både rest-SOFF og rest-AMSC er billige...
gorwell
Endret 22:04 22.01.2025 av gorwell |
blåball
09:36
23.01.2025
#7852
|
Bedre rammevilkår gir vekst , og fortsatt Acer motstand er bra og nødvendig .
Rimlig strøm på lange kontrakter for næringslivet , hytteeigere , og LNG på lekter og CO2 fangst en god trend .
Fortsatt A 4 på papiret ; men ny regjering med FRP og Høyre , og Skog må inn i klima / miljø regnskap , og vi har vannkraft som batteri , og nedbetalte investeringer i over 100 år .
Turisme trenger ikke vindkraft på land , der betaler besøkende for ro og natur .
Bull . ( Og mer til ASA er bedre for det fleste . )
Endret 09:41 23.01.2025 av blåball |
OldNick
16:24
24.01.2025
#33945
|
SOFF: Solstad Offshore ASA - Multiple contract awards
Børsmelding
24.01.2025
Solstad Offshore ASA (Solstad) is pleased to announce multiple contract awards with undisclosed clients for "Normand Jarstein", "Normand Australis" and "Normand Scorpion".
- CSV "Normand Jarstein" has been awarded a 135 days firm plus option contract for providing subsea support and services, partnering with Omega Subsea AS. Normand Jarstein will operate in West Africa, with commencement in March 2025.
- CSV "Normand Australis" has been awarded a 200 days firm plus 90 days option contract for a renewable energy project. Normand Australis will operate in Taiwan, with commencement in February 2025.
- AHTS "Normand Scorpion" has been awarded a 78 days firm plus 42 days option contract for providing rig support in Australia. Commencement of the contract is in January 2025.
The commercial conditions are confidential between the parties.
"Normand Jarstein", "Normand Australis" and "Normand Scorpion" are owned by Solstad Maritime AS, in which Solstad Offshore ASA holds 27.3%.
Solstad Offshore ASA holds a 35.8% ownership share in Omega Subsea AS.
Skudeneshavn, Jan. 24, 2025
Contacts:
Lars Peder Solstad CEO, tel. +47 9131 8585
Kjetil Ramstad CFO, tel. +47 9075 9489 |
OldNick
22:43
18.02.2025
#34158
|
Solstad Offshore kom med sitt Q4-resultat forrige onsdag.
Solide kvartals- og helårstall fra Solstad Offshore og Maritime.
SOFF: Solstad Offshore ASA - Fourth-quarter and full-year 2024 results
Børsmelding
12.02.2025
Solstad Offshore ASA:
- Solstad Offshore reports an adjusted EBITDA of NOK 436 million in Q4 and NOK 1 379 million for FY-2024
- Net Result of NOK 1 283 million for FY-2024
- The book equity increased with NOK ~1.3 billion in 2024 to NOK ~3.1 billion year end 2024
- Settlement of the Maximus Residual Claim reduced the Company's interest-bearing debt with NOK ~1 billion
- Investment in Omega Subsea - further strengthening Solstad Offshore's position in the subsea services segment
- Solstad Offshore intends to initiate quarterly dividend in H2-2025
- Solstad Offshore is guiding an adjusted EBITDA 2025 of NOK 1.3-1.6 billion
Solstad Maritime AS:
- Solstad Maritime, where Solstad Offshore holds 27.3%, reports an adjusted EBITDA of NOK 799 million in Q4-2024 and NOK 3 234 million for FY-2024
- Net Result of NOK 2 637 million for FY-2024
- Intends to distribute dividend for Q4-2024 of NOK 0.50 pr share
- Solstad Maritime is guiding an adjusted EBITDA 2025 of NOK 3.9-4.2 billion
Skudeneshavn,
Feb. 12, 2025
Contacts:
Lars Peder Solstad, CEO, tel. +47 9131 8585
Kjetil Ramstad, CFO, tel. +47 9075 9489
SOFF: Q4-2024 Report (PDF)
SOFF: Q4-2024 Presentation (PDF)
SOFF: Q4-2024 Conference call webcast (Youtube)
SOFF: Investor relations
______
Solstad Offshore varsler utbytte etter sommeren
Offshorerederiet tjente 790 mill. før skatt i fjerde kvartal
Asgeir A. Nilsen, E24.no
12.02.2025
Kortversjonen
- Solstad Offshore og Solstad Maritime presenterte kvartalsregnskap onsdag.
- Solstad Offshore hadde et resultat før skatt på 790 mill. kroner i fjerde kvartal, mens Solstad Maritime hadde et resultat før skatt på 710 mill. kroner.
- Solstad Maritime vil betale ut 50 øre per aksje for fjerde kvartal, noe som beløper seg til totalt 233 millioner kroner til aksjonærene.
- Solstad Maritime planlegger børsnotering i løpet av andre kvartal i år.
Oppsummeringen er laget av AI-verktøyet ChatGPT og kvalitetssikret av E24s journalister
Etter at Solstad-konsernet ble delt i to – Solstad Offshore og Solstad Maritime – legger gruppen frem to kvartalsregnskaper onsdag:
- Solstad Offshore fikk et resultat før skatt på 790 mill. kroner i fjerde kvartal, mens driftsresultatet landet på 807 mill. og inntektene på 691 mill. kroner.
- Solstad Maritime fikk et resultat før skatt på 710 mill. kroner i kvartalet, driftsresultat på 942 mill. kroner og inntekter på 1.58 mrd. kroner, viser kvartalspresentasjonen.
- Solstad Maritime ble skilt ut fra konsernet i forbindelse med refinansieringen av Solstad-gruppen, etter den mye omtalte maktkampen mellom milliardærene Kjell Inge Røkke og Christen Sveaas.
Varsler utbytte
Etter utskillelsen, som inkluderte store deler av flåten, sitter Solstad Offshore igjen med en eierandel på litt over 27% i Solstad Maritime.
Sistnevnte selskap betaler allerede utbytter, mens Solstad Offshore nå melder at det vil begynne å betale ut kvartalsvise utbytter i andre halvår i 2025.
Solstad Maritime vil betale ut 50 øre per aksje for fjerde kvartal, noe som beløper seg til totalt 233 millioner kroner til aksjonærene. Av dette vil Solstad Offshore motta 64 mill.
Solstad Maritime skal etter planen søke om børsnotering i løpet av andre kvartal i år.
Medvind
Offshorerederiene seiler i medvind for tiden, med høy utnyttelse av flåten og økt inntjening.
Solstad Offshore melder om en utnyttelse på 91% for fjerde kvartal og 95% for hele 2024.
Ordrereserven beløp seg til 5.7 mrd. kroner ved utgangen av kvartalet, hvorav 3.1 mrd. var relatert til Solstad Maritime-fartøy.
For Solstad Maritime var utnyttelsen på 85% for kvartalet og 86% for året, med en ordrebok på 9.6 mrd. kroner.
For 2025 har Solstad Offshore en prognose om å levere et brutto driftsresultat (ebitda) på 1.3 til 1.6 mrd. kroner, mens Solstad Maritimes prognose er 3.9 til 4.2 mrd. kroner i brutto driftsresultat. |
OldNick
19:07
28.03.2025
#34415
|
Solstad-baby prises til nesten 10 mrd. kroner
Solstad Maritime er verdt mer enn tre ganger Solstad Offshore
Frank H. Njøsen, FA.no
28.03.2025
I andre kvartal blir offshorerederiet Solstad Maritime notert på børs.
Selskapet er langt mer verdt enn «moren» – Solstad Offshore. Solstad Offshore handles til rundt 37 kroner per aksje på Oslo Børs, og egenkapitalen blir dermed verdsatt til drøyt 3 mrd. kroner, inklusive eierandelen på 27% i Solstad Maritime.
Solstad Maritime-aksjen kan foreløpig bare handles utenfor børs. Det er foreløpig svært få handler i aksjen, men seneste handel via Pareto Securities ble gjort på torsdag til 21 kroner.
Med i overkant av 465 mill. utestående aksjer, priser det selskapet til 9.8 mrd. kroner, eller mer enn 3 ganger verdien av Solstad Offshore.
Få eiere
Solstad Maritime ble opprettet i forbindelse med restruktureringen av Solstad Offshore i 2023, og fikk overført brorparten av skipene i Solstad-flåten. Selskapet har i dag 33 skip i flåten, inkludert det svære subseaskipet «Normand Maximus», som det kom til enighet om før jul. Solstad Offshores flåte består av åtte skip. De to flåtene blir driftet sammen, og Lars Peder Solstad er sjef i begge selskapene.
Ved utgangen av 2024 hadde Solstad Maritime en bokført verdi på 8.9 mrd. kroner, mens Solstad Offshore var bokført til 3.1 mrd.
Mange av aksjene i Solstad Maritime er konsentrert rundt noen få eiere. Solstad Offshore eier 27.3% av aksjene, Aker Capital eier 42%, og Aker-dominerte AMSC har en eierandel på 19.6%. AMSC har foreslått å dele ut alle sine Solstad Maritime-aksjer til aksjonærene. Halvparten av disse aksjene tilfaller Aker.
Da selskapene la frem sine resultater for fjerde kvartal tidligere i år, guidet de på at Solstad Maritime ville få et driftsresultat før av- og nedskrivninger på 3.9–4.2 mrd. kroner i 2025, mens Solstad Offshore ventes å få en ebitda på 1.3–1.6 mrd.
Børsaspirant Solstad Maritime har betalt utbytte i to kvartaler, og har planer om å fortsette dette. Børsnoterte Solstad Offshore har varslet at selskapet vil starte med utbyttebetalinger fra andre kvartal i år.
Ser oppside
Det er 5 analytikere som i dag dekker Solstad Offshore-aksjen, ifølge Bloomberg, og alle har en kjøpsanbefaling.
Det er derimot få meglerhus som foreløpig har tatt opp offisiell dekning av Solstad Maritime, selv om meglerhusene antageligvis har en formening om verdsettelsen.
I slutten av februar tok imidlertid Clarkson Securities opp dekning med en kjøpsanbefaling. Med bakgrunn i at selskapet mer eller mindre er rendyrket mot det voksende subseamarkedet, samtidig som det betaler kvartalsvise utbytter, satte Clarksons kursmålet til 30 kroner.
«Vi mener aksjen er attraktivt priset, med en EV/EBITDA på 4, noe som er i den nedre enden av selskapets guiding for 2025,» skrev analytiker Pelle Bibow i analysen av selskapet.
Etter fjerde kvartal betalte selskapet å betale et utbytte på 0.50 kroner per aksje til sine aksjonærer – det samme som etter tredje kvartal. Det tilsvarer en årlig utbytteavkastning på rundt 10%.
Clarksons-analytiker Bibow mener Solstad Maritime vil kunne øke utbyttekapasiteten etter hvert som skipene går over på nye kontrakter og investeringene til vedlikehold faller.
Solstad Maritime rapporterte en bruttogjeld på 8.6 mrd. kroner ved utgangen av 2024. Rederiet har ingen store forfall på gjelden før i 2027.
Endret 19:12 28.03.2025 av OldNick |
OldNick
07:24
03.04.2025
#34439
|
SOFF: Contract Award for "Normand Subsea"
Børsmelding
19.03.2025
Solstad Offshore ASA ("Solstad") is pleased to announce a contract award with Subsea7 for the subsea construction vessel "Normand Subsea".
The duration of the contract is 2-year firm and 3 yearly options with commencement 01.01.2026.
"Normand Subsea" is a versatile IMR vessel that has been on contract to Subsea7 since 2009.
"Normand Subsea" is owned by Solstad Maritime Holding AS, in which Solstad Offshore ASA holds 27.3%.
Skudeneshavn,
Mar. 19, 2025
Contacts:
Lars Peder Solstad CEO, tel. +47 9131 8585
Kjetil Ramstad CFO, tel. +47 9075 9489
______
SOFF: Solstad Offshore ASA - Mandatory Notification of Trade
Børsmelding
02.04.2025
Skudeneshavn - Reference is made to the stock exchange announcement made by AMSC ASA ("AMSC") on 25.11.2024 relating to Aker Capital AS' ("Aker Capital") total return swap ("TRS") agreements with financial exposure to 22 155 088 underlying shares in AMSC. Reference is further made to the stock exchange announcement made by AMSC on 01.04.2025 regarding proposal to distribute 91 422 601 shares in Solstad Maritime Holding AS ("SMH") as dividend-in-kind to its shareholders in connection with the contemplated listing of SMH on Euronext Oslo Børs.
Aker Capital, a wholly owned subsidiary of Aker ASA and close associate of Frank O. Reite (board member in SOFF and SMH), has today exercised a right under the TRS agreements to assume the SMH shares that are to be received by the TRS counterparties as dividend-in-kind from AMSC on the hedge shares held by them in connection with the TRS agreements.
[Kommentar: 1 vedlegg på link]
______
SOFF: 2024 Annual Report (PDF)
Endret 07:33 03.04.2025 av OldNick |
OldNick
22:13
19.05.2025
#34734
|
SOFF: Solstad Offshore ASA - contract update in Brazil
Børsmelding
30.04.2025
Skudeneshavn - Solstad Offshore ASA (Solstad) is pleased to announce multiple contract awards with Petrobras, subject to board approval, for two large Anchor Handling Tug Supply (AHTS) vessels and one Construction Support Vessel (CSV).
- The AHTS vessels have been awarded new contracts with a duration of 4 years each, whereof one of the contracts includes ROV services. The contracts are set to commence in Q1-2026 and will be covered by two AHTSs from the global Solstad Maritime fleet.
- CSV "Normand Flower", also owned by Solstad Maritime, has been awarded a 4-year contract, including ROV services, with commencement in December 2025.
Solstad Offshore ASA holds 27.3% of the shares in Solstad Maritime ASA
Contacts:
Lars Peder Solstad CEO, tel. +47 9131 8585
Kjetil Ramstad CFO, tel. +47 9075 9489
______
Solstad Offshore ASA kom med sitt Q1-2025 resultat 7 mai.
SOFF: Solstad Offshore ASA - Q1-2025 results
Børsmelding
07.05.2025
Skudeneshavn.
- Adjusted EBITDA of USD 30 million, compared to USD 36 million same quarter last year. Q1-2024 included 16 days of Solstad Maritime until deconsolidation 16.01.2024
- Net Result of USD 24 million compared to USD 38 million in the same quarter last year.
- Adjusted Net Interest Bearing Debt of USD 107 million giving an Adjusted Net Interest Bearing Debt / LTM Adjusted EBITDA of 0.8x
- Book equity at USD 311 million compared to USD 189 million in the same quarter last year.
- Share of results from investment in associated companies and joint ventures;
-- Solstad Maritime 27.3%, USD 14.4 million
-- Normand Installer AS 50%, USD -2.2 million
-- Omega Subsea AS 35.8%, USD 1.3 million
- Based on the dividend announcement from Solstad Maritime, Solstad Offshore will receive app. USD 9.5 million in the quarter.
- Solstad Offshore intends to initiate quarterly dividends in Q3-2025
- Associated company Solstad Maritime announced intention to list its shares on Euronext Oslo Børs on or about 16.05.2025
- The Investment in Omega Subsea was completed in the quarter - this will further strengthen Solstad Offshore's position in the subsea services segment
- Solstad Offshore is on track to meet previous adjusted EBITDA guiding for the full year of USD 120-150 million.
- Solstad Offshore changed its presentation currency to USD from 01.01.2025
SOFF: Q1-2025 Report (PDF)
SOFF: Q1-2025 Presentation (PDF)
SOFF: Q1-2025 Conference call webcast
SOFF: Investor relations
______
SOFF: Solstad Offshore ASA - MANDATORY NOTIFICATION OF TRADE
Børsmelding
15.05.2025
Reference is made to the stock exchange announcement made by AMSC ASA (under liquidation) ("AMSC") on 15.05.2025 that payment of the dividend-in-kind in the form of AMSC's shares in Solstad Maritime ASA ("SOMA") has been completed.
Aker Capital AS ("Aker Capital") has received 45 609 473 shares in SOMA through AMSC's dividend distribution, including through Aker Capital's previously announced exercise of a right to assume SOMA shares received as dividend-in-kind on hedge shares held by Aker Capital's counterparties under certain total return swap agreements with financial exposure to shares in AMSC. Following distribution of the dividend-in-kind by AMSC, Aker Capital holds a total of 241 060 322 shares in SOMA, corresponding to approximately 51.8% of the share capital and votes in SOMA.
[Kommentar: 1 vedlegg på link]
______
Sender flere skip til Brasil
En økende del av Solstad-flåten arbeider i Brasil. Neste år vil nær halve flåten være beskjeftiget der.
Bjørn Segrov, FA.no
07.05.2025
Endret 22:42 19.05.2025 av OldNick |
OldNick
16:31
19.06.2025
#34910
|
SOFF: Solstad Offshore ASA - Contract Awards in Brazil
Børsmelding
04.06.2025
Skudeneshavn - With reference to the stock exchange notice dated April 30, 2025, announcing contract awards with Petrobras for two Anchor Handling Tug Supply vessels (AHTS) owned by Solstad Maritime ASA (SOMA), subject to Board approval.
Solstad Offshore ASA (SOFF) is pleased to confirm that the subjects are now lifted and the AHTS vessels "Normand Sigma" and "Normand Sirius" have been allocated to the contracts.
The contracts, which will commence in Q1-2026, each have a duration of four years and a combined gross value of approximately USD 210 million.
The vessels will be on bareboat contracts from SOMA to SOFF, which is the contract holder with Petrobras.
Solstad Offshore ASA holds 27.3% of the shares in Solstad Maritime ASA
Contacts:
Lars Peder Solstad, CEO, tel. +47 9131 8585
Kjetil Ramstad, CFO, tel. +47 9075 9489
______
SOFF: Solstad Offshore ASA - Contract Award in Brazil for CSV Normand Flower
Børsmelding
19.06.2025
Skudeneshavn - With reference to the stock exchange notice dated April 30, 2025, announcing the contract award with Petrobras for the CSV "Normand Flower" owned by Solstad Maritime ASA (SOMA), subject to Board approval.
Solstad Offshore ASA (SOFF) is pleased to confirm that the subject has now been lifted, and the contract is signed.
The contract, which will commence in January 2026, has a duration of 4 years and a gross value of approximately USD 115 million, excluding ROV services.
The vessel will be on bareboat contracts from SOMA to SOFF, which is the contract holder with Petrobras.
Endret 16:42 19.06.2025 av OldNick |
OldNick
09:27
14.07.2025
#35084
|
Solstad Offshore ASA kom med sitt Q2-resultat idag.
De annonserer at de vil begynne å betale utbytte fra dette kvrtalet (Q3-2025).
SOFF: Solstad Offshore ASA financial report for Q2 & 1st half year 2025
Børsmelding
14.07.2025
Skudeneshavn - Solstad Offshore ASA (SOFF) is pleased to announce its financial results for Q2-2025.
CEO Lars Peder Solstad stated: "We have had a solid quarter with strong operational and financial performance. With a solid order backlog and consistent tender activity, the outlook remains positive."
- Adjusted EBITDA of USD 32 million in the quarter compared to USD 25 million same quarter last year
- Utilization of 100% in the quarter compared to 97% same quarter last year
- Net result of USD 39 million compared to USD 4 million same quarter last year
- Several new long-term contracts entered into in Brazil, contributing towards a total order intake of USD 403 million in the quarter
- Based on the dividend announcement from Solstad Maritime, Solstad Offshore will receive approximately USD 9.5 million in the quarter
- Solstad Offshore intends to initiate quarterly dividends based on Q3-2025
Contacts:
Lars Peder Solstad CEO, tel. +47 9131 8585
Kjetil Ramstad CFO, tel. +47 9075 9489
SOFF: Q2-2025 Report (PDF)
SOFF: Q2-2025 Presentation (PDF)
SOFF: Q2-2025 Conference call webcast
SOFF: Investor relations
Endret 21:52 14.07.2025 av OldNick |
highlander
20:28
15.07.2025
#50135
|
DNB Carnegie oppjusterer kursmålet på Solstad Offshore til 65 kroner fra 59 kroner, og gjentar en kjøpsanbefaling på aksjen.
Det fremgår av en analyseoppdatering fra meglerhuset etter andrekvartalsrapporten, jf. OldNick #35084.
Solstad Offshore vil annonsere et kvartalsutbytte neste kvartal, og DNB anslår at utbyttet vil starte på 1,5 kroner pr aksje, hvor majoriteten er dekket av Solstad Maritime. |
OldNick
19:39
09.10.2025
#35600
|
Profittvarsel fra Solstad Maritime (SOMA) medfører selvfølgelig også et varsel fra Solstad Offshore, hvis en viktig inntektskilde er resultatene (og utbytte) fra SOMA.
SOFF: Solstad Offshore ASA - update to its financial guidance for 2025
Børsmelding
09.10.2025
Skudeneshavn - Reference is made to today's stock exchange announcement from Solstad Maritime ASA ("Solstad Maritime") regarding update of its financial guidance for 2025.
Due to Solstad Maritime's reduction of its full-year 2025 Adjusted EBITDA guidance and the expected effects on Solstad Offshore ASA's (the "Company") share of result from Solstad Maritime, the Company has adjusted its Adjusted EBITDA guidance from USD 120 - 150 million to approximately USD 115 million.
The Company's adjusted EBITDA consists of its share of results from joint ventures and associated companies and the operational EBITDA from its own operations.
The Adjusted EBITDA from joint ventures and associated companies is adjusted from USD 60-80 million to approximately USD 50 million.
The operational share of the Adjusted EBITDA, from its own operations, is expected in line with previous communication to USD 60-70 million.
The Company is still in the process of preparing and completing the financial results for Q3-2025, which is subject to finalization and other potential adjustments, if any, and the information has not been audited or reviewed by the auditor of the Company. The Company will provide further information when releasing the quarterly results for Q3-2025 on 30.10.2025.
Contacts:
Lars Peder Solstad CEO, tel. +47 9131 8585
Kjetil Ramstad CFO, tel. +47 9075 9489
Endret 19:40 09.10.2025 av OldNick |
OldNick
17:02
31.10.2025
#35749
|
SOFF: Solstad Offshore ASA - Contract Award
Børsmelding
09.07.2025
Skudeneshavn - With reference to the stock exchange notice from Solstad Offshore ASA (SOFF) dated 06.05.2025, announcing the contract award with Petrobras for the Anchor Handling Tug Supply (AHTS) "Normand Turquesa", subject to Board approval:
SOFF confirms that the contract has now been formally approved and signed.
The contract, which will commence in February 2026, has a duration of 4 years and a gross value of approximately USD 84 million.
______
SOFF: Solstad Offshore ASA - Contract Award
Børsmelding
17.07.2025
Skudeneshavn - Solstad Offshore ASA ("SOFF") is pleased to announce a contract award for the CSV "Normand Pioneer" with Petrobras.
The vessel will be on a bareboat contract from the vessel owner Solstad Maritime ASA (SOMA) to SOFF, which is the contract holder with Petrobras.
"Normand Pioneer" will be mobilized with a heave compensated E-type gangway system from Ampelmann to the contract that will commence in October 2025. Duration of the contract is 180 days firm and has a gross value of approximately USD 17 million, including mobilization.
______
SOFF: Solstad Offshore ASA - Contract Award for CSV Normand Commander
Børsmelding
04.08.2025
Skudeneshavn - Solstad Offshore ASA ("SOFF") is pleased to announce a contract award for the CSV "Normand Commander" with Petrobras.
The vessel will be on a bareboat contract from the vessel owner Solstad Maritime ASA (SOMA) to SOFF, who holds the contract with Petrobras.
The contract, that will commence in Q1-2026, has a duration of 4 years and a gross value of approximately USD 108 million excluding ROV services.
______
SOFF: Solstad Offshore ASA - Multiple Contract Awards
Børsmelding
25.08.2025
Solstad Offshore ASA (SOFF) is pleased to announce contract awards for "Normand Turmalina" and "Normand Superior".
- The AHTS Normand Turmalina has received a contract extension from BRAVA Energia in Brazil. The extended contract has a duration of 3 years, starting immediately after the current contract. This secures a firm commitment until early 2029.
- Ocean Infinity has confirmed its option for the CSV Normand Superior, extending the current agreement with 1 year to February 2027.
The combined value of the two contracts is approximately USD 65 million.
______
Solstad Offshore ASA kom med sitt Q3-resultat i går.
SOFF: Solstad Offshore ASA - Presentation of Q3-2025 results
Børsmelding
30.10.2025
Skudeneshavn - Solstad Offshore ASA (SOFF) is pleased to present its financial results for Q3-2025.
CEO Lars Peder Solstad stated:
"We continue to deliver solid operational results and build future backlog."
- Adjusted EBITDA of USD 29 million in the quarter compared to USD 28 million same quarter last year. USD 91 million year to date compared to USD 89 million last year.
- Order backlog increased to USD 280 million compared to USD 142 million last year.
- Proposal to distribute cash dividend of USD 0.05/share, totaling approximately USD 4 million, to be approved in an extraordinary general meeting
Contacts:
Lars Peder Solstad CEO, tel. +47 9131 8585
Kjetil Ramstad CFO, tel. +47 9075 9489
SOFF: Q3-2025 Report (PDF)
SOFF: Q3-2025 Presentation (PDF)
SOFF: Q3-2025 Conference call webcast
SOFF: Investor relations |
gorwell
12:24
04.12.2025
#34277
|
https://www.finansavisen.no/finans/2025/12/04/8312155/kjell-inge-rokke-ankommer-oslo-tingrett
ANKOMMER RETTEN: Kjell Inge Røkke ankom torsdag formiddag Oslo tingrett hvor han skal forklare seg i Solstad-saken i rettssal 828
Teller det mot 61-dagers oppholds-bestemmelsene i Skatteloven?
gorwell |
OldNick
18:34
08.01.2026
#36186
|
Forlenget kontrakt for Solstad Offshore med PetroBras.
Aksjen steg over 4% idag, kanskje hovedsakelig pga. denne meldingen?
SOFF: Solstad Offshore ASA - Contract Extension and Amendment for Normand Turquesa
Børsmelding
08.01.2026
Skudeneshavn - Reference is made to the previous press release dated 09.07.2025 regarding the four-year contract for the Anchor Handling Tug Supply (AHTS) Normand Turquesa with Petrobras.
The current Normand Turquesa contract with Petrobras has been extended by 1 year, and the commencement of the previously announced four-year contract has been amended from Q1-2026 to Q1-2027. This represents an additional gross value of approximately USD 15.4 million.
Following this amendment and extension, Normand Turquesa now has a firm commitment with Petrobras until Jan. 2031, with a total gross contract value of approximately USD 100 million.
Contacts:
Lars Peder Solstad CEO, tel. +47 9131 8585
Kjetil Ramstad CFO, tel. +47 9075 9489 |
OldNick
17:43
08.05.2026
#36841
|
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