B2 Impact (B2I)

[Bianchi]

Ja, det er det som liksom er ankepunktet her? Det fundamentale opp mot eufori?? På verdensbasis, ikke B2Holding spesifikt.

[Buffet]

Jo, men egenkapitalen til b2h er 11,7 kroner pr aksje. Så b2h er på ingen måte med på euforien pr nå, tvert imot. Det kan selvsagt komme mer nedskrivinger da.

[torsteinius]

Det som har redusert verdien til B2H under Covid-19 er selvfølgelig at betalingsevnen til enkelte er redusert, så det vil være noe større frafall av krav pga det. Det er vanskelig å vite hvor mye de taper på det totalt, men aksjekursen er “dverget” i forhold til hva den var. Samt har et par innsidekjøp gitt noen signaler om at det slett ikke står så ille til som markedet har vurdert det til.

[Buffet]

Da ser det ut som vi over området for etablert dobbel bunn, dersom den ikke går ned senere i dag da

[TekBot]

Renteregulering

Det er fastsatt ny rente for NO0010753072.
Ny rentesats i perioden 08.06.2020 - 08.09.2020 er 7,50.
Ticker:B2H01
…

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Den nye rentesats (og rentebindindingsperiode) er fastsatt i henhold til avtale, jf. låneavtalens og tegningsinnbydelsens/lånebeskrivelsens bestemmelser.

Se vedlagt dokument for utfyllende informasjon.

(Publisert av Nordic Trustee, Cecilie Natalie Haug)

Kilde

[torsteinius]

Er vel klar for litt pump igjen denne…

[rayman]

Gå litt mer ned først, slik at man kan fylle på med litt flere aksjer

[Bullishproof]

Plukka en del på slutten idag. God støtte her

[TekBot]

Long-Term Incentive Program 2020

In accordance with the Reward Policy and authorisation granted by the Annual General Meeting on 27 May 2020, the Board of Directors of B2Holding ASA (the “Company”) has approved a long-term incentive program (LTIP) aimed to align the interests of the participating employees with those of the Company’s shareholders. The program is discretionary, and participants are invited on an annual basis.

The total number of share options awarded under LTIP 2020 is 3,050,000. Each option, when exercised, will give the right to acquire one share in the Company. Pursuant to the vesting schedule, 1/3 of the options will vest one, two and three years after the day of granting. The strike price is equal to 20 days of volume weighted average trading prices of the Company’s shares on Oslo Stock Exchange prior to the grant date (1 July 2020) which is equal to NOK 4.5683 per share. The options that have not been exercised will lapse five (5) years after the date of granting.
…

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The following Primary Insiders of the Company have been awarded options under the LTIP 2020:

Head of Unsecured Asset Management, Adam Parfiniewicz has been granted 400,000 share options. Following the granting, he holds 6,000 shares and 670,000 options in the Company.

Head of Secured Asset Management, George Christoforou has been granted 400,000 share options. Following the granting, he holds 1,120,000 options in the Company.

Head of Personnel, Improvement & restructuring, Tore Krogstad has been granted 300,000 share options. Following the granting, he holds 88,000 shares and 1,020,000 options in the Company.

Head of Corporate Development, Maria Haddad has been granted 250,000 share options. Following the granting, she holds 100,000 shares and 970,000 options in the Company.

Chief Legal and Compliance Officer, Cecilie Kjelland has been granted 400,000 share options. Following the granting, she holds 400,000 options in the Company.

Head of M&A and Investor Relations, Rasmus Hansson has been granted 250,000 share options. Following the granting, he and related parties hold 100,057 shares and 440,000 options in the Company.

Chief Risk Officer, Jeremi Bobowski has been granted 250,000 share options. Following the granting, he holds 520,000 options in the Company.

Chief Investment Officer, Johannes Raschke has been granted 250,000 share options. Following the granting, he holds 250,000 options in the Company.

Chief Governance Officer, J. Harald Henriksen has been granted 50,000 share options. Following the granting, he and related parties holds 920,057 shares and 150,000 options in the Company.

For inquiries, please contact:
Erik J. Johnsen
CEO, B2Holding ASA
Mobile: +47 415 77 055
Email: ejj@b2holding.no

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

About B2Holding Group:
B2Holding ASA is a Nordic based debt solutions provider with platforms in over 20 European countries. B2Holding has experienced significant growth since its inception in 2011 and has established itself as one of the leading European debt purchasers and a solution-oriented partner within the debt servicing industry. In 2019, B2Holding had a revenue of NOK 2,874 million and the Group employs approximately 2,500 people. B2Holding ASA is headquartered in Oslo, Norway and the B2Holding share is listed on the Oslo Stock Exchange under ticker “B2H”.

For further information, visit www.b2holding.no.

Kilde

[TekBot]

Renteregulering

Det er fastsatt ny rente for NO0010775166.
Ny rentesats i perioden 06.07.2020 - 05.10.2020 er 7,00.
Ticker:B2H02
…

Vis børsmeldingen

Den nye rentesats (og rentebindindingsperiode) er fastsatt i henhold til avtale, jf. låneavtalens og tegningsinnbydelsens/lånebeskrivelsens bestemmelser.

Se vedlagt dokument for utfyllende informasjon.

(Publisert av Nordic Trustee, Cecilie Natalie Haug)

Kilde

[Mulig]

Ingen tvil om at aksjen er blitt mørbanket i det siste, men 19% på en dag var vel i overkant? Noen som har kommentarer til dagens kursoppgang? Pump and dump?

[rayman]

Omtale i finansavisen i går, grunn nok for tradere det…

[TekBot]

B2Holding ASA: Corporate update for the second quarter

B2Holding provides an update on the Group’s operations and financial position for the second quarter.

The B2Holding Group is well diversified geographically with presence in 23 European countries. During the second quarter the Group observed large variations on how the operations across Europe were affected by the Covid-19 pandemic, while the impact on the Group as a whole was limited. B2Holding has managed to maintain a high level of business activity, and at the same time been able to safeguard the health and safety of the employees in accordance with recommendations from and restrictions imposed by the authorities in the countries where the Group operates.
…

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Business operations
The Group has made various stress test scenarios during the ongoing pandemic and the collections in the second quarter have exceeded these scenarios, while costs are in line with the initiated cost saving program.

In Northern Europe and Poland, representing more than 50 % of the Group’s ERC, the pandemic has had little or no impact on collections. Of the countries most affected by the pandemic, such as Italy and Spain with a combined ERC of around 7 %, there has been a larger impact on collections. France, representing around 5 % of ERC, has only been moderately affected.

The impact on the Group’s business in South East Europe, representing 13 % of ERC, has been larger than in Poland and Northern Europe, with Bulgaria the most affected so far.

In the Central European countries, representing 23 % of ERC, the Balkan countries were most affected, however the Group has observed fairly good recoveries on secured portfolios during the quarter. The unsecured collections in Croatia have been significantly constrained as the Croatian authorities have closed down their bailiff services in response to the pandemic.

Second quarter financial highlights (preliminary figures):

• Gross cash collection of NOK 1,276 million 1)

• Operating profit of NOK 245 million 2)

• Cash EBITDA of NOK 916 million

• Portfolio purchases of NOK 473 million

• ERC at end of quarter NOK 25,431 million 3)

1. “Gross cash collection” includes the Group’s share of gross cash collection for portfolios purchased and held in SPVs and joint ventures amounting to NOK 75 million.
2. “Operating profit” includes a net credit loss of NOK 155 million
3. “ERC” includes Group’s share of ERC for portfolios purchased and held in SPVs and joint ventures amounting to NOK 1,935 million.

Financial position
With reference to the bond buy-back announced 11 May 2020, B2Holding has repurchased additional bonds in the second quarter in the nominal amount of EUR 4.8 million in the Company’s outstanding bond with ticker B2H01 (ISIN: NO0010753072) maturing on 8 December 2020. The bonds were repurchased at a price of 100 % (par). After the transaction, the Company owns EUR 79.8 million in B2H01 which leaves EUR 70.2 million still outstanding.

Per end of June, B2Holding had a liquidity reserve of EUR 275 million. The liquidity reserve includes among others Treasury Bond with the fair value amount of EUR 105 million and EUR 155 million in unutilised RCF.
B2Holding was in line with all the original financial covenants as of second quarter and expects to be in compliance going forward. However, the most pessimistic Covid-19 stress test scenarios indicated a pressure on covenants short term, therefore new temporary financial covenants until 30 March 2021 have been agreed with the RCF banks to increase the headroom even further.

“During this challenging period, B2Holding has been able to preserve capital by renegotiating forward flow agreements and reducing investments in the second quarter. We have also been able to reduce costs in accordance with our cost saving targets, and will have continued focus on cost saving initiatives going forward. We will be cautious going forward as the macroeconomic effects of the pandemic are still uncertain. During the quarter we have had a good dialogue with our banks, and we are very pleased with the support they have shown us by modifying our covenant structure.
A changed covenant structure combined with a robust balance sheet leaves us in a good position to take an active role in the European NPL market going forward. We expect an improved market and interesting opportunities for debt purchasing, but also an increased potential for servicing revenues”, says Erik J. Johnsen, CEO of B2Holding ASA.

*Definitions of alternative performance measures can be found in B2Holding’s Annual report 2019 (b2holding-annualreport.no) and are also available on the Company’s website: www.b2holding.no

For further information, please contact:
Erik J. Johnsen
CEO, B2Holding ASA
Mobile: +47 415 77 055
E-mail: ejj@b2holding.no

or

Rasmus Hansson
Head of M&A and IR, B2Holding ASA
Mobile: +47 952 55 842
E-mail: rh@b2holding.no

Kilde

[TekBot]

B2Holding ASA: Corporate update for the second quarter

B2Holding provides an update on the Group’s operations and financial position for the second quarter.

The B2Holding Group is well diversified geographically with presence in 23 European countries. During the second quarter the Group observed large variations on how the operations across Europe were affected by the Covid-19 pandemic, while the impact on the Group as a whole was limited. B2Holding has managed to maintain a high level of business activity, and at the same time been able to safeguard the health and safety of the employees in accordance with recommendations from and restrictions imposed by the authorities in the countries where the Group operates.
…

Vis børsmeldingen

Business operations
The Group has made various stress test scenarios during the ongoing pandemic and the collections in the second quarter have exceeded these scenarios, while costs are in line with the initiated cost saving program.

In Northern Europe and Poland, representing more than 50 % of the Group’s ERC, the pandemic has had little or no impact on collections. Of the countries most affected by the pandemic, such as Italy and Spain with a combined ERC of around 7 %, there has been a larger impact on collections. France, representing around 5 % of ERC, has only been moderately affected.

The impact on the Group’s business in South East Europe, representing 13 % of ERC, has been larger than in Poland and Northern Europe, with Bulgaria the most affected so far.

In the Central European countries, representing 23 % of ERC, the Balkan countries were most affected, however the Group has observed fairly good recoveries on secured portfolios during the quarter. The unsecured collections in Croatia have been significantly constrained as the Croatian authorities have closed down their bailiff services in response to the pandemic.

Second quarter financial highlights (preliminary figures):

• Gross cash collection of NOK 1,276 million 1)

• Operating profit of NOK 245 million 2)

• Cash EBITDA of NOK 916 million

• Portfolio purchases of NOK 473 million

• ERC at end of quarter NOK 25,431 million 3)

1. “Gross cash collection” includes the Group’s share of gross cash collection for portfolios purchased and held in SPVs and joint ventures amounting to NOK 75 million.
2. “Operating profit” includes a net credit loss of NOK 155 million
3. “ERC” includes Group’s share of ERC for portfolios purchased and held in SPVs and joint ventures amounting to NOK 1,935 million.

Financial position
With reference to the bond buy-back announced 11 May 2020, B2Holding has repurchased additional bonds in the second quarter in the nominal amount of EUR 4.8 million in the Company’s outstanding bond with ticker B2H01 (ISIN: NO0010753072) maturing on 8 December 2020. The bonds were repurchased at a price of 100 % (par). After the transaction, the Company owns EUR 79.8 million in B2H01 which leaves EUR 70.2 million still outstanding.

Per end of June, B2Holding had a liquidity reserve of EUR 275 million. The liquidity reserve includes among others Treasury Bond with the fair value amount of EUR 105 million and EUR 155 million in unutilised RCF.
B2Holding was in line with all the original financial covenants as of second quarter and expects to be in compliance going forward. However, the most pessimistic Covid-19 stress test scenarios indicated a pressure on covenants short term, therefore new temporary financial covenants until 30 March 2021 have been agreed with the RCF banks to increase the headroom even further.

“During this challenging period, B2Holding has been able to preserve capital by renegotiating forward flow agreements and reducing investments in the second quarter. We have also been able to reduce costs in accordance with our cost saving targets, and will have continued focus on cost saving initiatives going forward. We will be cautious going forward as the macroeconomic effects of the pandemic are still uncertain. During the quarter we have had a good dialogue with our banks, and we are very pleased with the support they have shown us by modifying our covenant structure.
A changed covenant structure combined with a robust balance sheet leaves us in a good position to take an active role in the European NPL market going forward. We expect an improved market and interesting opportunities for debt purchasing, but also an increased potential for servicing revenues”, says Erik J. Johnsen, CEO of B2Holding ASA.

*Definitions of alternative performance measures can be found in B2Holding’s Annual report 2019 (b2holding-annualreport.no) and are also available on the Company’s website: www.b2holding.no

For further information, please contact:
Erik J. Johnsen
CEO, B2Holding ASA
Mobile: +47 415 77 055
E-mail: ejj@b2holding.no

or

Rasmus Hansson
Head of M&A and IR, B2Holding ASA
Mobile: +47 952 55 842
E-mail: rh@b2holding.no

Kilde

[rokky]

Var nærmest opplest og vedtatt at Q2 skulle bli en katastrofe, så leverer de 245 i driftsresultat. «Markedet har alltid rett».

[091barson]

Noen tanker rundt halvårsrapporten 20.aug.?
Q1 profit 255, Q2 profit 245. De har også god balanse og er godt rustet for en aktiv rolle i det Europeiske markedet. Virker som de har en god strategi gitt dagens situasjon.

[torsteinius]

De virker mer solide enn hva markedet viser. Er vel litt usikkerhet rundt Covid-19 fortsatt så man tør ikke stole på tallene.

Synes dette ser bra ut også:

Pluss at det har vært en del innsidekjøp.

[Buffet]

Pluss at det har vært en del innsidekjøp.

Har ikke fulgt B2h på en stund, men har det vært noen flere i det siste?

Det ser ut som kursen ligger på bunnen i en akkumulasjons-fase. Det kan bli morro ved brudd ut fra slike formasjoner. De siste q-tallene er jo overaskende bra. Intrum leverte også veldig bra tall.

[torsteinius]

Nei, ikke i det helt siste, men det var flere rett under 4 når vi var på bunnen. Tror det er bra RR på litt lengre sikt

[Kicker]

HSBC- nivåene er lavere enn 2009… Hvordan vil det påvirke B2Holding og finansaksjene? Var i vinden B2H, men om - når forventer vi en økning igjen? Og hvor langsiktig ser en for seg før det blir et byks?