Akastor ASA

[Birgitte]

SEB med ny analyse og kursmål kr. 22,- - se dagens fa.no.

Veldig konservativ analyse med mye sikkerhet lagt inn.

Om en uke den 11 juli kommer Q2 med knall resultater og mer info om børsnotering av MHM i USA i Q3

[Birgitte]

3 børsdager igjen før Q2 kommer torsdag​:+1:

[Birgitte]

Kl 0700 i morgen kommer q2 rapporten og senere presentasjonen kl 1500.

En viktig presentasjon som det er grunn til å ha forventninger til.

[TekBot]

Akastor ASA: Second Quarter and Half Year Results 2024

Second Quarter Highlights

· DRU arbitration concluded, with USD 176 million received in cash and an
…

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accounting gain of NOK 748 million in the second quarter
· Net interest-bearing debt reduced by NOK 1.6 billion in the quarter, with
net interest-bearing items in a net cash position of NOK 831 million per end of
June 2024
· Corporate bank facility amended and extended to June 2026. The facility,
with a size of USD 30 million, was not drawn per end of period
· Approximately 3 million shares received in Odfjell Drilling in period
pursuant to a warrant agreement
· HMH continues to deliver strong financials, with an LTM EBITDA (adj.) of USD
153 million per end of the second quarter, up 39% compared to last year
· HMH filed a confidential draft registration for a potential US IPO which may
occur in the second half of 2024, pending market conditions
· Equity of NOK 5.5 billion per end of period, corresponding to NOK 20.2 per
share, increased from NOK 17.2 per share per end of the first quarter driven by
final DRU settlement

Akastor CEO Karl Erik Kjelstad comments:

“We were very pleased to see the DRU arbitration come to a final conclusion in
the second quarter. The award was a significant milestone, enabling us to
eliminate all corporate debt and place Akastor in a net cash position. Proceeds
received from DRU has enhanced our financial flexibility and better positions
Akastor for future distributions to shareholders. We were also excited about HMH
filing for a potential US IPO. Despite no guarantee that a listing will be
conducted, the filing is an important step for Akastor towards obtaining market
pricing of HMH as well as making our holding more liquid.”

The second quarter presentation and half year report are attached to this
release and also available at www.akastor.com.

Media Contact

Øyvind Paaske

Chief Financial Officer
Tel: +47 917 59 705
E-mail: oyvind.paaske@akastor.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.

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

Kilde

[TekBot]

Akastor ASA: Resultat for andre kvartal og første halvår 2024

Høydepunkter fra andre kvartal

· Voldgiftssaken relatert til DRU kontraktene endelig avsluttet, med totalt
…

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USD 176 millioner mottatt i perioden og en positiv regnskapseffekt på NOK 748
millioner i andre kvartal
· Nettorentebærende gjeld redusert med NOK 1.6 milliarder i andre kvartal, til
en netto positiv posisjon ved utgangen av perioden på NOK 831 millioner
· Omtrent 3 millioner aksjer mottatt i Odfjell Drilling etter utøvelse av en
warrant avtale.
· HMH fortsetter å levere sterke finansielle resultater, med LTM EBITDA adj.
på USD 153 millioner per andre kvartal, 39% høyere enn i fjor
· HMH leverte en konfidensiell søknad vedrørende en potensiell børsnotering i
USA som potensielt kan finne sted i andre halvdel av 2024, avhengig av
markedsforholdene
· Egenkapitalen var på NOK 5,5 milliarder ved utgangen av perioden,
tilsvarende NOK 20,2 per aksje, en økning fra NOK 17,2 ved utgangen av første
kvartal, drevet av endelig DRU-oppgjør.

Akastor CEO Karl Erik Kjelstad kommenterer:

«Vi er svært fornøyde med at DRU-voldgiften ble endelig avsluttet i andre
kvartal. Dette var av stor betydning for Akastor og tillot oss å redusere gjeld
betydelig. Basert på dette var vi per utgangen av kvartalet i netto
kontantposisjon, noe som gir oss økt økonomisk fleksibilitet og posisjonerer
Akastor for fremtidige utbetalinger til aksjonærene. HMH nådde også en viktig
milepæl i kvartalet da de registrerte sin søknad om en mulig børsnotering i USA.
Selv om dette ikke utgjør noen garanti for at en notering vil finne sted er
søknaden et viktig skritt for Akastor mot en markedsprising og mer likvid
eierposisjon i HMH.»

Presentasjonen for andre kvartal og halvårsrapporten er vedlagt og er også
tilgjengelig på www.akastor.com.

Mediekontakt

Øyvind Paaske

Chief Financial Officer
Tel: +47 917 59 705
Epost: oyvind.paaske@akastor.com

Opplysningene i denne meldingen er informasjonspliktig etter
verdipapirhandelloven § 5-12.

Kilde

[Birgitte]

Ikke dumt å kjøpe kr. 20,20 for kr. 16,60.

Det er bare prisingen av bokført egenkapital - hele oppsiden med børsnotering av HMH kommer i tillegg.

SEB sitt kursmål på kr. 22,00 virker meget lavt.

Mer sannsynlig med kurs +30 etter børsnoteringen. Dobblingskandidat uten risiko og med 560 mill i kontantbeholdning etter at gjeld er betalt. Fantastisk utvikling.

[Birgitte]

kl 1500

https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20240711_8

[TekBot]

Akastor ASA: Update on HMH’s US listing process

Reference is made to Akastor ASA’s (OSE: AKAST) press release 3 June 2024
concerning its 50% owned affiliate HMH Holding B.V. (“HMH”) and the confidential
first draft registration statement on Form S-1 (the “Registration Statement”)
…

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that was submitted with the U.S. Securities and Exchange Commission (“SEC”)
relating to a proposed initial public offering of HMH Holding Inc.'s shares. As
part of the customary SEC review process, HMH has submitted an updated draft
Registration Statement which is publicly filed with the SEC, which means that
the content of the draft Registration Statement now is publicly available on
SEC’s online database (EDGAR). However, the Registration Statement is not yet
final or effective and is subject to updates and changes.

HMH Holding Inc. intends to list its Class A common stock on The Nasdaq Global
Select Market under the symbol “HMHW”. The offering is subject to market and
other conditions, and there can be no assurance as to whether or when the
offering may be completed. The number of shares to be offered and the price
range for the offering have not yet been determined.

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.

A registration statement relating to these securities has been filed with the
SEC but has not yet become effective. These securities may not be sold nor may
offers to buy be accepted prior to the time the registration statement becomes
effective. This press release is being made pursuant to, and in accordance with,
Rule 134 under the Securities Act of 1933, as amended (the “Securities Act”),
and shall not constitute an offer to sell or the solicitation of an offer to
buy, nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation, or sale would be unlawful prior
to registration or qualification under the securities laws of any such state or
jurisdiction. Any offers, solicitations or offers to buy, or any sales of
securities will be made in accordance with the registration requirements of the
Securities Act.

---

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 is a leading provider of highly engineered, mission-critical equipment
solutions, providing customers with a comprehensive portfolio of drilling
equipment, services and systems utilized in oil and gas drilling operations,
both offshore and onshore. HMH’s global reach, technical expertise and
innovative product offerings, coupled with its integrated operations from
manufacturing to aftermarket services, allow HMH to provide customers with first
class technology, engineering and project management services through the entire
asset lifecycle of the equipment it provides. In addition, HMH is growing its
portfolio of products and services to adjacent industries, such as mining. The
complexity and criticality of HMH’s installed equipment drive customers to
choose HMH for their aftermarket support, particularly in the offshore
environment, which is subject to extensive regulation.

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

[Birgitte]

Nasdaq i september

[Birgitte]

DDW flåten solgt??? 3 skip solgt i sterkt marked.

Grei oppvarming til børsnoteringen av HMH på Nasdaq.

[OzSurfer]

Hvor du ser det?

[rayman]

Kraftig påstand om du ikke kan dokumentere

[Floppen]

Hvorfor ikke linke til fakta?

[OzSurfer]

Pareto:
AKAST – Rumored to sell the DDW fleet
• Akastor is rumored to be nearing a sale of the DDW fleet with price and buyer
unknown
• This fleet was spun out of DOF ahead of the restructuring and comprised 5x
AHTS vessels at the time, but there are now 3x remaining (all ~16,300bhp
AHTS) which are fully owned by Akastor after two were sold to Oceanpact in
2021-22
• The fleet comprises ~9% of our SOTP (excl. parent net cash), where we have
USD 15m per unit. This is above book values at USD ~10.5m per unit at Q2’24,
but below VesselsValue at USD ~20m. This is supported by last done Akastor
contracts yielding EBITDA of USD ~3-4m per year with more likely on offer with
the vessels charter free from now/Q3’24/Q4’24

[Fartin]

Tilfeldig?

[rayman]

De kjøper jevnt og trutt

[Fartin]

Virker jo som de prøver å sende ett slags signal. Det kan jo ikke være tilfeldig.

[rayman]

Aksjen er jo underpriset, verdiene ligger på 21-22kr pr aksje før notering av HMH. Ganske stor rabatt til å være i Aker systemet også.

Mulig det er motivet

[Fartin]

[Secundum]

Rart ikke flere blir oppmerksomme på Akastor. Solid oppside selv på ok konservative antakelser.