DOF ASA (DOF) 🚢

[TekBot]

The DOF group awarded multiple contracts with Petrobras

DOF is pleased to announce that Petrobras has awarded new long-term charter and
service contracts to Norskan Offshore Ltda. and DOF Subsea Serviços Brasil Ltda.
for 4 x AHTS vessels and ROVs.
…

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The vessels, Skandi Angra, Skandi Paraty, Skandi Urca and Skandi Fluminense,
(AHTS 18000 class), currently operating for Petrobras and equipped with DOF
Subsea’s work class ROVs, have been contracted for 3 years firm + 2 years
options with Petrobras.

The gross value of the contracts is approx. USD 260 million and with planned
commencement in Q4 2022.

Mons S. Aase, CEO, DOF Subsea said, “I am very pleased for these awards securing
utilisation for our personnel and our assets and adding important backlog to the
Group. It further strengthens our leading position in Brazil and confirms our
long relationship with Petrobras.”

DOF Group is dedicated to deliver safe and efficient subsea solutions.

For further information, please contact:

Mons S. Aase, CEO, DOF ASA. Tel: +47 91 66 10 12

Hilde Drønen, CFO, DOF ASA. 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

[Gardar]

Hold dere fast oppover💕

[Logon]

Jojo så det holder i dag

[Rodjer]

Å satse på Doffen nå er det samme som å spille Casino.
Gjorde det godt de som kjøpte seg inn på 4,80 tallet idag

[Hpbjorn]

Å herremin. Litt sunnere utvikling i SIOFF og SOFF i så måte.

[Zuba]

Det har ikke stått på advarsler her. Til og med selskapet har rykket ut og minnet om utvanning av eksisterende aksjonærer.

[Rodjer]

Hehe, ja uten tvil og gale må de være de som satser stort i denne aksjen.

[Logon]

Nei ufattelig. 2,61 til 4,865 ilpt av intra.
Nesten 100% i diff
Eg hentet 1 kr fra 16/5 til idag. Minner om gamle dager med funcom dette

[Rodjer]

Russisk rulett, men så lenge man er klar over risikoen er det greit nok å prøve seg, uten tvil.
Selv har jeg holdt meg unna.

[Logon]

Ja , moroa over for denne gang. Kun lodd i sånne aksjer ja

[TekBot]

Financial Report 1st quarter for DOF ASA

The Group’s revenue for 1st quarter (management reporting) totals NOK 2,174
million (NOK 1,514 million) and EBITDA totals NOK 767 million (NOK 492 million).
The operating profit (EBIT) is NOK 321 million (NOK 45 million), of which
…

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depreciation and impairment totals NOK 446 million (NOK 447 million). Net
financial cost amounts to NOK 630 million (NOK -720 million) including
unrealised currency gain of NOK 1,010 million (NOK -480 million). The profit is
NOK 824 million (NOK -801 million).

Key information:

Operations

· Average utilisation of the fleet in 1[st] quarter was 82% (67%).
· Variable performance from the Subsea regions.
· Good performance from the DOFCON JV.
· High tender activity within all segments.
· The total current fleet includes 55 vessels (incl. vessels on management or
hired in)
· 15 AHTSs, 11 PSVs and 29 Subsea vessels
· One (owned) vessel in lay-up
· Four vessels agreed sold since year-end

Finance

· Even though the markets have improved, the Group is not in a position to pay
its debts without a significant conversion of debt into equity and thereby
continue as a going concern.
· The Group’s financial position is not sustainable, and the equity is lost.
· The restructuring proposal currently discussed with the creditors include
conversion of a significant amount of debt to equity and soft terms of the
existing loan facilities. The dialogue with the lenders is constructive, but a
refinancing solution is not yet in place.
· The current standstill agreements with the lenders and bondholders mature on
the 31[st] of May.
· High unrealised currency gain on long-term debt due to a significant
strengthened BRL to USD in the period. After balance date the result from
movements in the FX rates have the opposite effect.

Backlog

· Order intake NOK 1.3 billion in the 1st quarter.
· Current backlog is NOK 14.6 billion (NOK 14.2 billion), of which joint
venture backlog is NOK 5.2 billion (NOK 5.5 billion).

Please see enclosed 1st quarter Financial Report 2022.

Webcast is available Thursday, 19th of May 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

[E24Bot]

Dof tjente 858 millioner i første kvartal

Dof tjente 858 millioner i første kvartal

[Gardar]

Hva tenker dere blir utfallet ift til standstill 31 mai?

[Gardar]

Og når skjer utvanningen?

[Rodjer]

4,86 høyeste intradag igår, nå 1,61.
Snakker om giga krakk

[Bab]

Lurer på om det finnest et nivå der det kan være akseptabel risk/reward å gå inn. Husker følgende innlegg fra @Lundekunde tidligere i år. Hvor plausibelt er dette i dag?

DOF ASA (DOF)

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 lan…

[Lundekunde]

Eg ser på det som veldig usannsynlig. Det blir nok garantert ein konvertering her der tilnærma all Ek blir nulla. Bestefall så sitter dagens aksjonærer igjen med eit par % av verdien

[srh]

Dette hadde vært et veldig godt poeng dersom snittratenivået hadde vært noe lavere, slik at man hadde et bedre inntekts- og oppskrivningspotensial. Det har man derimot ikke, så dette løpet har vært- og er kjørt for dagens aksjonærer.

Kanskje ligger den beste win,win, tap løsningen i storfusjon/oppkjøp???

[Metallian]

Det hadde vel strengt talt vært på grensen til straffbart dersom Dof nå kom med en annen løsning enn gjeldskonvertering når de har detr svart på hvitt i rapporten

Nokså tydelig signal der ja. Tipper rundt 5% til dagens aksjonærer.

Syns Soff holdt seg bra idag på rød børs.

[Rodjer]

De fleste tenker Soff og sioff.

Bare spørs om det ikke slår ned en bombe snart og at det blir Sodoff