Akastor ASA

[Birgitte]

Greit å få inn over milliarden i kassa😊.

Og om ikke lenge kommer det vel nesten ca 700 mill til i renter.

Cash is King i disse dager.

[sombo]

Nordnet

[Birgitte]

AKAST: ABG SUNDAL COLLIER OPPJUSTERER KURSMÅL TIL 20 (16)

Oslo (Infront TDN Direkt): ABG Sundal Collier oppjusterer sitt kursmål på Akastor til 20 kroner fra 16 kroner og gjentar kjøpsanbefaling på aksjen, ifølge en analyse søndag.

Her kan det nok i beste Røkkestil bli et utbytte på minst 3 kr eller et kraftig aksjetilbakekjøpsprogram.

[TekBot]

Akastor ASA: DRU arbitration award - Settlement of interest and costs

Reference is made to Akastor ASA’s (OSE:AKAST) announcements dated 18 and 22
April 2024 on the arbitration award issued in respect of the DRU contracts. The
parties to the arbitration have reached an agreement on settlement of the claims
…

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that remain unpaid, which includes interest and certain costs, whereby USD 68
million (“Settlement Sum”) shall be paid to MHWirth AS as full and final
settlement. Payment of the Settlement Sum shall be made within Q2 and comes in
addition to the amount mentioned in Akastor’s announcement dated 26 April 2024.

Although the DRU contracts are held by MHWirth AS, which is a wholly owned
subsidiary of HMH Holding B.V. (“HMH”), Akastor holds full financial interest in
these contracts as this was not included in the transaction when HMH was created
in 2021.

The Settlement Sum will be booked in Akastor’s Q2 2024 financials, whereby an
accounting income of USD 68 million will be recognized.

For further information, please contact:

Øyvind Paaske

Chief Financial Officer

Tel: +47 917 59 705

Oyvind.paaske@akastor.com

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act. This stock exchange
release was published by Jing Taklo, Head of Financial Reporting, Akastor ASA,
on 21 May 2024 at 07:30 CET.

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Akastor is a Norway-based oil-services investment company with a portfolio of
industrial holdings and other investments. The company has a flexible mandate
for active ownership and long-term value creation.

Kilde

[Birgitte]

Da kommer det ca 725 mill NOK til inn i kassa nå i Q2 etter dagens melding.

Tilsammen er det nå kommet inn ca 1,88 milliarder NOK i kassa til Akastor siste måned.

Selskapet eier i tilegg 1.813.974 egene aksjer som også så langt har gitt en gevinst i Q2 på va 5,4 mill.

Så kommer det en bunke med aksjer 2,5 mill fra Odfjell Drilling litt senere i mai.

Garantert at dette selskapet kommer til å levere et av de beste Q2 resultatene i år.

[Birgitte]

Da er det vel bare å se frem til børsnotering av datterselskapet HMH med en mcap på ca 6-8 milliarder ved notering hvorav 50% er Akastor.

Pluss et par milliarder i cash og noen andre verdier i tillegg i selskapet så burde denne aksjen ha potensiale for dobling fremover

[TekBot]

Akastor ASA: Odfjell Drilling Ltd shares received pursuant to Warrant Agreement

Akastor ASA’s (OSE: AKAST) subsidiary Akastor AS has today received 3,023,886
shares in Odfjell Drilling Ltd. (OSE:ODL), pursuant to a warrant investment
agreement that was entered into in 2018. The subscription price paid for the
…

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shares was USD 0.01 per share. Reference is made to Akastor’s announcement 27
April 2018.

The shares received represent a total value of NOK 169 million based on ODL
share price at close of trading Thursday 30 May 2024.

The warrant structure carried a book value of NOK 56 million per end of Q1 2024,
which will be replaced by the fair value of the received shares in Odfjell
Drilling in Akastor’s Q2 2024 financials.

For further information, please contact:

Øyvind Paaske

Chief Financial Officer

Tel: +47 917 59 705

Oyvind.paaske@akastor.com

This information is subject to the disclosure requirements pursuant to Section 5
-12 the Norwegian Securities Trading Act.

---

Akastor is a Norway-based oil-services investment company with a portfolio of
industrial holdings and other investments. The company has a flexible mandate
for active ownership and long-term value creation.

Kilde

[Birgitte]

Pengene renner inn i kassa til Akastor.

Bare i q2 har det kommet inn:

108 000 000 USD voldgift dom

68 000 000 USD renter på voldgiftskravet

159 000 000 NOK på mottatte Odfjell aksjer

Neste blir nok børsnotering av MHM, som nå er i siget med gode resultater, eller salg av datterselskap.
Får vi melding om dette nå i juni?

[TekBot]

Akastor ASA: HMH announces its intention to pursue US listing

Akastor ASA’s (OSE: AKAST) 50% owned affiliate HMH Holding B.V. (“HMH”)
has today announced that its subsidiary HMH Holding Inc. has submitted a
confidential first draft registration statement on Form S-1 with the U.S.
…

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Securities and Exchange Commission (“SEC”) relating to a proposed initial public
offering of HMH Holding Inc.'s shares. This filing represents the first step of
a possible US listing of HMH.

The size and price range for the proposed offering have not yet been determined.
The initial public offering is expected to commence after the completion of the
SEC review process, which will likely be during the second half of 2024, subject
to market and other conditions. There is no assurance that the initial public
offering will be completed.

A copy of HMH’s announcement can be found on their webpage; www.hmhw.com.

For further information, please contact:

Øyvind Paaske

Chief Financial Officer

Tel: +47 917 59 705

Oyvind.paaske@akastor.com

This information is subject to the disclosure requirements pursuant to Section 5
-12 the Norwegian Securities Trading Act.

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About HMH

HMH is a premier drilling solutions provider, which was formed as an independent
company in October 2021 through the merger of Baker Hughes’ (NYSE: BKR) Subsea
Drilling Systems business and Akastor ASA’s wholly owned subsidiary, MHWirth AS.
HMH combines integrated delivery capabilities, capital, renowned industry
expertise and delivers the full range of offshore drilling equipment products
and packages at scale. HMH aims to support the industry’s transition toward more
energy-efficient solutions, as well as deploying technologies and service
solutions to make the sector more competitive through increased drilling
efficiency. Moreover, the Company’s service and technology portfolio will be
utilized as a springboard for future growth, both within drilling services and
when pursuing opportunities towards adjacent industries such as renewables and
mining.

For further information, please visit homepage: https://hmhw.com/

Akastor is a Norway-based oil-services investment company with a portfolio of
industrial holdings and other investments. The company has a flexible mandate
for active ownership and long-term value creation.

Kilde

[pottit]

PAS og SB1M estimerer nå NAV i Akastor på over 30 kr

[Birgitte]

20 tallet på kursen ser vi nok snart. Bare dager til det renner inn nye ca 700 000 000 nok i renter.
Børsnoteringen av MHM i USA kommer raskt. Børsmyndighetene er arbeidsledige pga få noteringer, meglerhusene leter etter honorarer og Røkke vil nok utnytte positiv børs før presidentvalget.

Meget solid case dette low risk og høy reward.

[OzSurfer]

Akastor har blitt en flott reise selskapet har levert bedre en «best case» på alle triggere så langt.

[kalleanka123]

Er det mer oppgang i vente? Aksjen har gått en del siste månedene. Håper på børsnotering i USA.

[OzSurfer]

Børsnotering i USA er ikke noe å håpe på, den prosessen er allerede iverksatt… Om det er noe å gå på? Pareto og SP1 indikerer vel NAV på det dobbelte av dagens kurs…

[TekBot]

Disclosure of large shareholding

Pursuant to section 4-1 of the Norwegian Securities Trading Act, we hereby give notice that the funds managed by Newtyn Management, LLC sold 78,432 shares of Akastor ASA on June 20, 2024; which brings the total number of shares held by the Newtyn funds to 41,068,543 shares. This represents 14.99% of the 274,000,000 issued shares and voting rights.

The shares and voting rights are held as follows:
…

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16,037,572 shares held by Newtyn Partners, LP
25,030,971 shares held by Newtyn TE Partners, LP

Kilde

[TekBot]

Akastor ASA: Invitation to presentation of second quarter results 2024

Akastor ASA invites investors and analysts to a webcast presentation of first
quarter 2024 financial results on Thursday 11 July 2024

…

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Date and time:
Thursday 11 July 2024 at 15:00 CET

Presenters:
Akastor - Karl Erik Kjelstad, CEO and Øyvind Paaske, CFO
HMH - Eirik Bergsvik, CEO and Thomas McGee, CFO

Link to webcast:
https://channel.royalcast.com/landingpage/hegnarmedia/20240711_8/

Questions can be submitted throughout the streaming event.

The presentation material will be published at
www.akastor.com and www.newsweb.no at 07:00 CET on 11 July.

For further information, please contact:

Øyvind Paaske
Chief Financial Officer
Mob: +47 917 59 705
E-mail: oyvind.paaske@akastor.com

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Kilde

[Birgitte]

Q2 resultatet presenteres raskt og i disse dager tikker nye ca 724 mill NOK (68 mill US) inn på konto. Melding i morgen?? Se melding 21 mai.

Det kommer nok en oppdatering på børsnoteringen til HMH også.

[OzSurfer]

Hva tror du skjer med aksjene i HMH og Odfjell? Tildeles aksjonærene som utbytte?

[OzSurfer]

Mulighet for AKOFS børsnoteres etterhvert? Overta børsskallet etter PHLY?

[Birgitte]

en mulighet ja - muligens også cash utbytte - det er kommet inn opp mot 2 milliarder i cash i q2