DOF ASA (DOF) 🚢

TekBot · oktober 13, 2021, 9:09am

Flagging DOF ASA

srh · oktober 13, 2021, 11:27am

Dette begynner jo interessant- og litt skummelt å nærmere seg 1/3-del

Metallian · oktober 13, 2021, 11:30am

Hadde jg hatt aksjer i Dof hadde jeg solgt nå😳

srh · oktober 13, 2021, 11:32am

Ja, men du er, slik jeg skjønner deg, ikke dum nok til å sitte på aksjer nå. Men, ja helt enig. Kan derimot godt hende at jeg kommer til å gå inn på et tidspunkt.

Metallian · oktober 13, 2021, 11:42am

Dof er meget spennende ETTER refinansiering, absolutt😄

Rodjer · oktober 13, 2021, 11:52am

Enig, dersom det blir en endelig refinansiering og et Dof etterpå.

TekBot · oktober 29, 2021, 4:02pm

DOF ASA AND DOF SUBSEA AS: FURTHER EXTENSION OF STANDSTILL AGREEMENTS WITH SECURED LENDERS AND BONDHOLDERS

Reference is made to previous announcement on 30 September 2021 regarding the
extension of standstill arrangements with the group’s secured lenders expiring
31 October 2021 and extension of standstill arrangements with bondholders in DOF
…

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Subsea AS’ bond issues also expiring 31 October 2021.

DOF ASA and DOF Subsea AS are pleased to announce that each of the companies
have agreed to further extend the principal and interest suspension agreements
with, or received extensions of similar concessions from, secured lenders
representing in total 91% of the secured debt of DOF ASA and DOF Rederi AS and
in total 95% of the secured debt of companies within the DOF Subsea AS group
(excluding DOF Subsea Brasil Servicos Ltda.) until 30 November 2021, and that
DOF Subsea AS has received confirmation from the ad hoc group of bondholders
that they have agreed to further extend the suspension, deferral and standstill
agreement currently in place for the bond issues to 30 November 2021 in
accordance with the resolutions of the bondholders’ meeting held 30 September
2021.

The extensions of the standstill periods will facilitate the DOF group’s
continued dialogue with its secured lenders and the bondholders under the DOF
group’s bonds regarding a long-term financial restructuring of the DOF group.

For further information, please contact:

CEO Mons Aase, tel. +47 91 66 10 12

CFO Hilde Drønen, tel. +47 91 66 10 09

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

With a multi-national workforce of about 3,800 personnel, DOF ASA is an
international group of companies which owns and operates a fleet of modern
offshore/subsea vessels, and engineering capacity to service both the offshore
and subsea market. With 40 years in the offshore business, the group has a
strong position in terms of experience, innovation, product range, technology
and capacity.
DOF’s core businesses are vessel ownership, vessel management, project
management, engineering, vessel operations, survey, remote intervention and
diving operations primarily for the oil and gas sector. From PSV charter to
Subsea engineering, DOF offers a full spectrum of top quality offshore services
to facilitate an ever-growing and demanding industry.
The company’s main operation centers and business units are located in Norway,
the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.

Kilde

TekBot · november 2, 2021, 1:34pm

Invitation to presentation of Q3 2021 results

DOF ASA will release the Q3 results on Wednesday 10th of November 2021. The
report will be available at www.dof.com and www.newsweb.no.

…

Vis børsmeldingen

The presentation will be held as a webcast at 08:30 CET the same day on:
http://www.dof.com/webcast.

The presentation will be held by CEO Mons S. Aase and CFO Hilde Drønen.
If you have questions, please contact the Company.

Contact:
CEO Mons Aase, Tel + 47 91 66 10 12
CFO Hilde Drønen, Tel + 47 91 66 10 09

With a multi-national workforce of about 3,800 personnel, DOF ASA is an
international group of companies which owns and operates a fleet of modern
offshore/subsea vessels, and engineering capacity to service both the offshore
and subsea market. With 40 years in the offshore business, the group has a
strong position in terms of experience, innovation, product range, technology
and capacity.
DOF’s core businesses are vessel ownership, vessel management, project
management, engineering, vessel operations, survey, remote intervention and
diving operations primarily for the oil and gas sector. From PSV charter to
Subsea engineering, DOF offers a full spectrum of top quality offshore services
to facilitate an ever-growing and demanding industry.
The company’s main operation centers and business units are located in Norway,
the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.

Kilde

TekBot · november 9, 2021, 7:31am

Sale of vessel

DOF Subsea Rederi III AS, a wholly owned subsidiary of DOF Subsea AS, has agreed
to sell the vessel “Geosund” to an international buyer. The estimated delivery
of the vessel to the new owner is in Q1, 2022.
…

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Geosund was built in 2001 as a PSV and rebuilt to a CSV in 2006.

For further information, please contact:
Mons S. Aase, CEO, Tel: +47 91 66 10 12
Hilde Drønen, CFO, Tel: +47 91 66 10 09

With a multi-national workforce of about 3,800 personnel, DOF ASA is an
international group of companies which owns and operates a fleet of modern
offshore/subsea vessels, and engineering capacity to service both the offshore
and subsea market. With 40 years in the offshore business, the group has a
strong position in terms of experience, innovation, product range, technology
and capacity.
DOF’s core businesses are vessel ownership, vessel management, project
management, engineering, vessel operations, survey, remote intervention and
diving operations primarily for the oil and gas sector. From PSV charter to
Subsea engineering, DOF offers a full spectrum of top quality offshore services
to facilitate an ever-growing and demanding industry.
The company’s main operation centers and business units are located in Norway,
the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.

Kilde

TekBot · november 10, 2021, 7:00am

Financial Report 3rd quarter for DOF ASA

The Group’s revenue for 3rd quarter (management reporting) totals NOK 2,052
million (NOK 2,027 million) and EBITDA totals NOK 865 million (NOK 879
million). Including in EBITDA is gain on sale of vessels of NOK 44 million (NOK
…

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12 million). The operating profit (EBIT) is NOK 488 million (NOK -46 million),
of which depreciation and impairment totals NOK 377 million (NOK 925 million).
Net profit is NOK -128 million (NOK - 406 million).

Key information:

Operations:
. Average utilisation of the fleet 83% (71%)
. High utilisation in all segments
. Good performance from the subsea regions
. The total fleet includes 59 vessels (eight on management or hired in)
o 15 AHTS, 14 PSV and 30 Subsea vessels
o Two vessels agreed sold with delivery in 2022
o One vessel in lay-up

Finance:
. The dialogue with the lenders concerning a robust long-term financial
solution has had progress during 3rd quarter. The discussions continue, and
there are important issues pending, hence the outcome of the restructuring
process is still uncertain.
. The current standstill agreements with the banks and bondholders mature on
30th November.
. DOF Subsea has during the quarter repaid a loan facility at a substantial
discount.

Backlog
. Order intake NOK 2.8 bn in 3rd quarter
. Total backlog NOK 15 bn

Please see enclosed 3rd quarter Financial Report 2021.

Webcast is available Wednesday, 10th of November at 08:30 on www.dof.com.

Contact:
CEO Mons Aase, Tel + 47 91 66 10 12
CFO Hilde Drønen, Tel + 47 91 66 10 09

With a multi-national workforce of about 3,800 personnel, DOF ASA is an
international group of companies which owns and operates a fleet of modern
offshore/subsea vessels, and engineering capacity to service both the offshore
and subsea market. With 40 years in the offshore business, the group has a
strong position in terms of experience, innovation, product range, technology
and capacity.
DOF’s core businesses are vessel ownership, vessel management, project
management, engineering, vessel operations, survey, remote intervention and
diving operations primarily for the oil and gas sector. From PSV charter to
Subsea engineering, DOF offers a full spectrum of top quality offshore services
to facilitate an ever-growing and demanding industry.
The company’s main operation centers and business units are located in Norway,
the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.

Kilde

TekBot · november 22, 2021, 7:24am

OSLO BØRS - STATUS COMPANIES PLACED IN RECOVERY BOX AND PENALTY BENCH

Currently the following companies are placed in Recovery Box:

Insr Insurance Group ASA (INSR) (since 29.06.2020)
…

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Prosafe SE (PRS) (since 05.11.2020)
Seadrill Ltd (SDRL) (since 05.11.2020)

Recovery Box is a special compartment where Oslo Børs can place securities where the Issuer is subject to circumstances that make pricing of the securities particularly uncertain.

Recovery Box is regulated in section 2.10.2 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.2 of Euronext Growth Oslo Rule Book Part II. The relevant security will remain in the Recovery Box until the circumstances for the allocation to the Recovery Box are no longer present.

Currently the following companies are placed in Penalty Bench:

DOF ASA (DOF) (since 15.03.2021)
Netoil Capital Ltd. (NOC) (since 23.07.2021)
Insr Insurance Group ASA (INSR) (since 30.08.2021)

Penalty Bench is a special compartment where the securities of Issuers that fail to comply with the Rules are placed.

Penalty Bench is regulated in section 2.10.3 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.3 of Euronext Growth Oslo Rule Book Part II. Oslo Børs will remove a security from the Penalty Bench and allocate the security to the normal compartment when the issuer has corrected the violation of the Rules that was the reason for allocating the security to the Penalty Bench.

Kilde

TekBot · november 30, 2021, 3:36pm

DOF ASA AND DOF SUBSEA AS: FURTHER EXTENSION OF STANDSTILL AGREEMENTS WITH SECURED LENDERS AND BONDHOLDERS

Reference is made to previous announcement on 29 October 2021 regarding the
extension of standstill arrangements with the group’s secured lenders expiring
30 November 2021 and extension of standstill arrangements with bondholders in
…

Vis børsmeldingen

DOF Subsea AS’ bond issues also expiring 30 November 2021.

DOF ASA and DOF Subsea AS are pleased to announce that each of the companies
have agreed to further extend the principal and interest suspension agreements
with, or received extensions of similar concessions from, secured lenders
representing in total 91% of the secured debt of DOF ASA and DOF Rederi AS and
in total 95% of the secured debt of companies within the DOF Subsea AS group
(excluding DOF Subsea Brasil Servicos Ltda.) until 31 January 2022. Certain of
the secured lenders’ approval to extend the suspension agreements beyond 31
December 2021 remains subject to credit approval, but it is expected that such
credit approvals will be forthcoming before the end of December 2021.

DOF Subsea AS has also received confirmation from the ad hoc group of
bondholders that they have agreed to further extend the suspension, deferral and
standstill agreement currently in place for the bond issues to 31 January 2022
in accordance with the resolutions of the bondholders’ meeting held 30 September
2021.

The extensions of the standstill periods will facilitate the DOF group’s
continued dialogue with its secured lenders and the bondholders under the DOF
group’s bonds regarding a long-term financial restructuring of the DOF group.

For further information, please contact:

CEO Mons Aase, tel. +47 91 66 10 12

CFO Hilde Drønen, tel. +47 91 66 10 09

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

With a multi-national workforce of about 3,800 personnel, DOF ASA is an
international group of companies which owns and operates a fleet of modern
offshore/subsea vessels, and engineering capacity to service both the offshore
and subsea market. With 40 years in the offshore business, the group has a
strong position in terms of experience, innovation, product range, technology
and capacity.
DOF’s core businesses are vessel ownership, vessel management, project
management, engineering, vessel operations, survey, remote intervention and
diving operations primarily for the oil and gas sector. From PSV charter to
Subsea engineering, DOF offers a full spectrum of top quality offshore services
to facilitate an ever-growing and demanding industry.
The company’s main operation centers and business units are located in Norway,
the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.

Kilde

TekBot · desember 13, 2021, 7:31am

OSLO BØRS - STATUS COMPANIES PLACED IN RECOVERY BOX AND PENALTY BENCH

Currently the following companies are placed in Recovery Box:

Insr Insurance Group ASA (INSR) (since 29.06.2020)
…

Vis børsmeldingen

Prosafe SE (PRS) (since 05.11.2020)
Seadrill Ltd (SDRL) (since 05.11.2020)

Recovery Box is a special compartment where Oslo Børs can place securities where the Issuer is subject to circumstances that make pricing of the securities particularly uncertain.

Recovery Box is regulated in section 2.10.2 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.2 of Euronext Growth Oslo Rule Book Part II. The relevant security will remain in the Recovery Box until the circumstances for the allocation to the Recovery Box are no longer present.

Currently the following companies are placed in Penalty Bench:

DOF ASA (DOF) (since 15.03.2021)
Netoil Capital Ltd. (NOC) (since 23.07.2021)
Insr Insurance Group ASA (INSR) (since 30.08.2021)

Penalty Bench is a special compartment where the securities of Issuers that fail to comply with the Rules are placed.

Penalty Bench is regulated in section 2.10.3 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.3 of Euronext Growth Oslo Rule Book Part II. Oslo Børs will remove a security from the Penalty Bench and allocate the security to the normal compartment when the issuer has corrected the violation of the Rules that was the reason for allocating the security to the Penalty Bench.

Kilde

TekBot · desember 17, 2021, 8:15am

Beach Energy award DOF Subsea Otway Offshore Phase 5 Project contract

DOF Subsea Australia is pleased to announce it has been awarded Beach Energy’s
Otway Offshore Phase 5 - Transport and Installation Project.
After collecting all permanent equipment from vendors and transportation to the
…

Vis børsmeldingen

offshore site, the campaign execution will cover installation of the subsea
infrastructure for four (4) new Thylacine wells. This will include installation
of subsea umbilicals, flexibles flowlines and connectors, structures and rigid
spools.

The contract scope includes Project Management, Engineering, Fabrication,
Transportation and Installation Services and is expected to be completed in Q1
2023. The project will be executed using DOF Subsea’s Construction Support
Vessel Skandi Acergy.

Mons Aase, CEO DOF Subsea AS, said, “This is an extremely exciting award, and we
look forward to working with Beach Energy to deliver safe and efficient
project.”

For further information, please contact:
Mons S. Aase, CEO, Tel: +47 91 66 10 12
Hilde Drønen, CFO, Tel: +47 91 66 10 09

With a multi-national workforce of about 3,800 personnel, DOF ASA is an
international group of companies which owns and operates a fleet of modern
offshore/subsea vessels, and engineering capacity to service both the offshore
and subsea market. With 40 years in the offshore business, the group has a
strong position in terms of experience, innovation, product range, technology
and capacity.
DOF’s core businesses are vessel ownership, vessel management, project
management, engineering, vessel operations, survey, remote intervention and
diving operations primarily for the oil and gas sector. From PSV charter to
Subsea engineering, DOF offers a full spectrum of top quality offshore services
to facilitate an ever-growing and demanding industry.
The company’s main operation centers and business units are located in Norway,
the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.

Kilde

TekBot · januar 7, 2022, 8:24am

Flagging DOF ASA

srh · januar 7, 2022, 8:31am

Dette er spennende!!!

Zuba · januar 7, 2022, 8:33am

Ja mån tro hva de tenker? Er du en av de? Kjenner du til planen deres?

srh · januar 7, 2022, 8:41am

Nei, men jeg kunne vært for jeg liker ideen som prinsipp. Hovedmotivet er vel å hindre det som eventuelt kan kategoriseres som en “usolidarisk rekonstruksjon”. Jeg er derimot usikker på evt ytterligere motiv og om gruppen klarer å skille mellom u- og realistiske målsettinger. Dette innebærer jo samtidig en risiko for hovedaksjonærer og kreditorer- som ikke kan ses bort i fra.

Jeg er jo en offshoreentusiast med stor tro på fremtiden- og er også positiv til DOF som selskap på litt sikt- og etter rekonstruksjon. Jeg har derimot valgt ikke å risikere/investere noen penger i dette pt.

Zuba · januar 7, 2022, 8:43am

Joda jeg er enig i forslaget og støtter også ditt syn i saken.

Lundekunde · januar 7, 2022, 8:45am

Det som er litt interessant er jo faktisk at minioritetsgruppa kan ha eit case her.
Deler denne frå Lars Brandeggen på Xi
Lagde den samme sammenstillingen for Q3 for supply som jeg gjorde for Q2. Merk at dette kun er ett kvartal som er omgjort til år - og at jeg har gjort dette fort og galt slik at det kan være klare feil:
EV/EBITDA: SIOFF 5,53 DOF 6,08 EIOF 6,70 HAVI 8,46 og SOFF 9,92
EV/EBIT: DOF 11,3 SIOFF 12 SOFF 32 EIOF 460 og HAVI minus
…så gjorde jeg et regnestykke som viser hvor lang tid selskapene bruker på å nedbetale dagens Enterprise Value (markedsverdi + netto rentebærende gjeld) dersom alle hadde hatt 3,4% snittrente på sine lån:
SIOFF 8,9 år DOF 10 år, EIOF 10 år, HAVI 18 år og SOFF 23 år.
Den supplyoversikten viser f.ø at disse DOF-opprørerne har et lite case. Problemet til DOF er ikke likviditet, det er bokført egenkapital (som kan lyve ganske mye mellom disse aktørene) og selvsagt evnen til å betjene lån som de andre aktørene. Men hvis de fikk långiverne med på en deal der de fikk satt rentene til snitt 3% så har de muligens ok nedbetalingsevne. De var ut fra Q3-tallene faktisk det supplyselskapet med nest best gjeldsbetjeningsevne ved renter på 3-tallet.