Reach Subsea (REACH)

Christian · november 22, 2023, 11:25am

Reach Subsea kom altså med veldig fine tall på Q3 rapporten, som så har blitt etterfulgt av kursnedgang. Av og til synes jeg det er vanskelig å forstå utvikling i aksjekurs.

Saksa · november 22, 2023, 11:44am

Noen er positive iallefall ;

REACH: PRIMÆRINNSIDERE KJØPT TOTALT 69.375 AKSJER

Oslo (Infront TDN Direkt): Bård Thuen Høgheim (CCO) og Audun Brandtzæg (CTO) i Reach Subsea kjøpte 23. august 2023 henholdsvis 19.375 aksjer og 50.000 aksjer i Reach Subsea til en kurs på 4,37 kroner og 4,34 kroner pr aksje. Det fremgår av en melding torsdag. Etter kjøpet eier Høgheim og Brandtzæg henholdsvis 630.000 og 150.000 aksjer i selskapet. TDN Direkt finans@tdn.no Infront TDN Direkt, +47 21 95 60 70

lalaland · november 22, 2023, 3:27pm

Reach er nok fortsatt tilknyttet oljeprisen. Analytikere ser nok en sterk med litt andre øyne på selskapet enn oss «blue sky amatører» som ser vekst uansett makro.

En mulighet for oss som ser selskaper og ikke sektor.

Christian · november 22, 2023, 3:34pm

Det er jo ikke snakk om noe annet enn at hvis oljeprisen faller til 30$, så vil Reach Subsea slite

theroger · november 23, 2023, 6:58am

https://keyfactsenergy.com/news/24457/view/

TekBot · november 30, 2023, 8:42am

Financial calendar

Christian · desember 1, 2023, 1:51pm

På kurs 4,19, får jeg estimert PE for 2023 på 5,6 (utfra diluted earnings). Det er uten at jeg har regnet med cash-en de da får som er 60 øre aksjen. Hvis man regner med at de bare betaler den ut, så blir kursen effektivt 3,59, så blir P/E på 4,8.

Her er det jo priset inn stor sannsynlighet for at oljeprisen kommer under 40-50$ som vil kunne bremse oljeinvesteringene.

TekBot · desember 8, 2023, 10:23am

Reach Subsea ASA - Mandatory notification of trade - primary insider

Market: XOSL - Oslo Børs
Issuer: Reach Subsea ASA,
LEI number: 5967007LIEEXZXK7FS45
…

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Instrument: REACH,
ISIN NO0003117202

Audun Brandtzæg, member of the Executive Management of Reach Subsea ASA, has on 08 Decemer 2023, purchased 50 000 shares in Reach Subsea ASA at NOK 4,0944 per share. In total, the transaction amounted to NOK 204 720. The total number of shares beneficially owned by Brandtzæg after the transaction is 200 000.

This information is subject to the disclosure requirements in Regulation EU 596/2014 (Market Abuse Regulation) article 19 number 3 and the Norwegian Securities Trading Act § 5-12.

For further information, please contact:
Birgitte Wendelbo Johansen
Chief Financial Officer
Reach Subsea ASA
bwj@reachsubsea.no

About Reach Subsea:
Reach Subsea ASA Group offers high quality solutions and technology to clients in need of ocean data and services. Services are offered out of our head office in Haugesund as well as from our subsidiaries and branches located across Norway, US, UK, Cyprus, Singapore, Trinidad, Perth and Brazil. The Group’s objective is to be a preferred partner and full-service provider of ocean services for clients, focusing on safety, environment, financial solidity and profitability. Our vision “Sustainable access to ocean space” underpins our commitment to the development of sustainable solutions, with stakeholder groups key interests in focus.

Kilde

Christian · desember 8, 2023, 11:43am

Måtte selge litt Reach Subsea for å kjøpe noen andre aksjer, de er nå solgt igjen og jeg har kjøpt tilbake. Jeg er jævelig usikker på oljeprisen framover og hva det vil si for selskapet, men samtidig, så framstår selskapet latterlig billig med oljepris på 60$+. Pent med innsidekjøp av en av lederne i Reach Subsea.

Saksa · desember 8, 2023, 2:02pm

Gode jobbtall fra US! I mitt hode bør USD stige videre (over 11 kroner mot nok igjen), US 2 og 10 yrs yields stopper nedgangen og korrigerer seg noe opp igjen, Oljeprisen bør stige og US aksjer vil fortsette oppover, meget gode tall, Payrolls 199000 (185000)- Arb. heten ned fra 3,9 til 3,7% og oppgang i lønninger…ikke noe deflatorisk signal fra US altså , meget godt nytt for US økonomi !!

Christian · desember 8, 2023, 2:39pm

Så renten skal opp. Det gir press ned på aksjer.

Saksa · desember 8, 2023, 2:45pm

Forventningene i markedet etter tallene i dag; stabile renter i US frem til sommeren og deretter 3 rentekutt ut året, altså 2024… (iflg analytikere Bloomberg), enig med dem! Ingen resesjon, men Softlanding… Husk dette er idag, som du vet er markedene volatile og både makro, politisk uro og Geopolitiske utfordringer kan endre bildet raskt Spennende tider…Nice w/e

TekBot · desember 8, 2023, 4:54pm

Reach Subsea - Exercises under share incentive program

Reach Subsea - Exercises under share incentive program

Haugesund, 08 December 2023: Reference is made to the stock exchange notice on 9 December 2021 published by Reach Subsea ASA (“the Company”), regarding the Company’s share incentive program. The window for exercising vested options expiring in 2023 ended on 08 December 2023 at 10:00 CET.
…

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Based on the applications received, the Board of Directors of the Company has allocated a total of 850,000 new shares to the participants in the incentive program. The Subscription price for the shares was NOK 2.64 per share.

The Board of Directors has, on the basis of an authorisation granted to it by the Annual General Meeting held on 31 May 2023, resolved to increase the share capital of the Company by NOK 850,000, through issuance of 850,000 new shares, each with a nominal value of NOK 1.

The following Company primary insiders have purchased shares under the share incentive program:
• Jostein Alendal, CEO: 150,000 shares. Following the purchase, he owns 150,000 shares in Reach in addition to 5,739,539 shares owned by his 50% owned investment company JT Invest AS and holds 150,000 options.
• Bård Høgheim, CCO: 150,000 shares. Following the purchase, he owns 780,000 shares in Reach and holds 150,000 options.
• Inge Grutle, COO: 150,000 shares. Following the purchase, he owns 10,000 shares in Reach in addition to 1,209,179 shares owned by his 50% owned investment company Invicta Invest AS and holds 150,000 options.
• Birgitte Johansen, CFO; 75,000 shares. Following the purchase, she owns 299,050 shares in Reach and holds 150,000 options.

Following payment of the new shares by the employees in the incentive program and registration of the share capital increase with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret), the new share capital of the Company will, subject to all new shares being duly paid for, be NOK 271,769,245 divided into 271,769,245 shares, each with a nominal value of NOK 1.

Furthermore, unvested options equivalent to 975,000 shares remains outstanding under the Company’s share incentive programme.

Contact information:
Birgitte Wendelbo Johansen
Chief Financial Officer
Reach Subsea ASA
bwj@reachsubsea.com

About Reach Subsea: Reach Subsea ASA Group offers high quality solutions and technology to clients in need of ocean data and services. Services are offered out of our head office in Haugesund as well as from our subsidiaries and branches located across Norway, US, UK, Cyprus, Singapore, Trinidad, Australia and Brazil. The Group’s objective is to be a preferred partner and full-service provider of ocean services for clients, focusing on safety, environment, financial solidity and profitability. Our vision “Sustainable access to ocean space” underpins our commitment to the development of sustainable solutions, with stakeholder groups key interests in focus. www.reachsubsea.no

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements according to section 5-12 of the Norwegian Securities Trading Act. The information was submitted for publication by CFO Birgitte Wendelbo Johansen, on behalf of the Company at the date and time set out above.

Kilde

TekBot · desember 8, 2023, 4:56pm

Reach Subsea - Exercises under share incentive program

Reach Subsea - Exercises under share incentive program

Haugesund, 08 December 2023: Reference is made to the stock exchange notice on 9 December 2021 published by Reach Subsea ASA (“the Company”), regarding the Company’s share incentive program. The window for exercising vested options expiring in 2023 ended on 08 December 2023 at 10:00 CET.
…

Vis børsmeldingen

Based on the applications received, the Board of Directors of the Company has allocated a total of 850,000 new shares to the participants in the incentive program. The Subscription price for the shares was NOK 2.64 per share.

The Board of Directors has, on the basis of an authorisation granted to it by the Annual General Meeting held on 31 May 2023, resolved to increase the share capital of the Company by NOK 850,000, through issuance of 850,000 new shares, each with a nominal value of NOK 1.

The following Company primary insiders have purchased shares under the share incentive program:
• Jostein Alendal, CEO: 150,000 shares. Following the purchase, he owns 150,000 shares in Reach in addition to 5,739,539 shares owned by his 50% owned investment company JT Invest AS and holds 150,000 options.
• Bård Høgheim, CCO: 150,000 shares. Following the purchase, he owns 780,000 shares in Reach and holds 150,000 options.
• Inge Grutle, COO: 150,000 shares. Following the purchase, he owns 10,000 shares in Reach in addition to 1,209,179 shares owned by his 50% owned investment company Invicta Invest AS and holds 150,000 options.
• Birgitte Johansen, CFO; 75,000 shares. Following the purchase, she owns 299,050 shares in Reach and holds 150,000 options.

Following payment of the new shares by the employees in the incentive program and registration of the share capital increase with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret), the new share capital of the Company will, subject to all new shares being duly paid for, be NOK 271,769,245 divided into 271,769,245 shares, each with a nominal value of NOK 1.

Furthermore, unvested options equivalent to 975,000 shares remains outstanding under the Company’s share incentive programme.

Contact information:
Birgitte Wendelbo Johansen
Chief Financial Officer
Reach Subsea ASA
bwj@reachsubsea.com

About Reach Subsea: Reach Subsea ASA Group offers high quality solutions and technology to clients in need of ocean data and services. Services are offered out of our head office in Haugesund as well as from our subsidiaries and branches located across Norway, US, UK, Cyprus, Singapore, Trinidad, Australia and Brazil. The Group’s objective is to be a preferred partner and full-service provider of ocean services for clients, focusing on safety, environment, financial solidity and profitability. Our vision “Sustainable access to ocean space” underpins our commitment to the development of sustainable solutions, with stakeholder groups key interests in focus. www.reachsubsea.no

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements according to section 5-12 of the Norwegian Securities Trading Act. The information was submitted for publication by CFO Birgitte Wendelbo Johansen, on behalf of the Company at the date and time set out above.

Kilde

TekBot · desember 12, 2023, 9:39am

Reach Subsea ASA - notice of contract award with Equinor for services in Brazil and expansion of order backlog

Haugesund, 12 December 2023: Reach Subsea ASA, the trusted data and subsea service provider for ocean-based industries, has together with its Brazilian partner OceanPact received a notice of contract award from Equinor for combined light construction, IMR (inspection, maintenance, and repair) and survey services on the Peregrino field offshore Brazil.

The specific project has a duration of approximately 45 vessel days and is assigned as part of a contract that is valid for one year, implying additional scope of work being added. It will be performed by the subsea vessel Havila Subsea following the ongoing project in Brazil, with start in December this year. The project has high technical complexity and combines services provided by different divisions of Reach Subsea.
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“This an important contract for Reach Subsea, documenting both the excellent relationship with Equinor as a client and the breadth and high quality of Reach Subsea’s offering. We are proud to once again have been given the trust from a tier-one energy company to deliver high-end services,” said Jostein Alendal, CEO of Reach Subsea.

“Expansion in the growing Brazilian market is of high importance and implies a significant potential for Reach Subsea. The Equinor contract is a piece of firm evidence of our commitment and success”, said Cleiver Moulin, Managing Director of Reach Subsea Brazil.

With this contract award, along with several other recent contract wins in Europe and US, Reach Subsea has secured contracts with an estimated total value of above NOK 265 million. The majority of these contracts are starting in Q4 2023 and Q1 2024.

Jostein Alendal, CEO of Reach Subsea, commented on this stating: "We are witnessing a consistent and robust demand for our services within the ocean sector. These contracts bolster our existing order backlog and serve as a confirmation to the compelling value proposition of our comprehensive and integrated offerings. They also underscore our ability to effectively compete for a diverse range of assignments on a global scale.”

For more information please contact:
Birgitte Wendelbo Johansen
Chief Financial Officer
Reach Subsea ASA
bwj@reachsubsea.no

About Reach Subsea:
Reach Subsea ASA Group offers high quality solutions and technology to clients in need of ocean data and services. Services are offered out of our head office in Haugesund as well as from our subsidiaries and branches located across Norway, US, UK, Cyprus, Singapore, Trinidad Brazil and Australia. The Group’s objective is to be a preferred partner and full-service provider of ocean services for clients, focusing on safety, environment, financial solidity and profitability. Our vision “Sustainable access to ocean space” underpins our commitment to the development of sustainable solutions, with stakeholder groups key interests in focus.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Jorunn Håvardsholm, Marketing and Communications Manager at Reach Subsea ASA on the time and date provided.

Kilde

TekBot · desember 12, 2023, 9:40am

Reach Subsea ASA - kunngjør kontraktstildeling med Equinor for tjenester i Brasil og utvidelse av ordreboken

Haugesund, 12 desember 2023: Reach Subsea ASA har sammen med sin brasilianske partner OceanPact signert kontrakt med Equinor for kombinerte lett konstruksjon, IMR (inspeksjon, vedlikehold og reparasjon) og kartleggingstjenester på Peregrino-feltet offshore i Brasil.

Prosjektet har en varighet på omtrent 45 dager og er tildelt som en del av en kontrakt som er gyldig i ett år, noe som antyder tilleggsarbeid. Det vil bli utført av undervannsfartøyet Havila Subsea etter det pågående prosjektet i Brasil, med start i desember i år. Prosjektet har høy teknisk kompleksitet og kombinerer tjenester som tilbys av ulike divisjoner i Reach Subsea.
…

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“Dette er en viktig kontrakt for Reach Subsea, som bekrefter det utmerkede samarbeidet med Equinor som kunde og vår evne til å levere tjenester av høy kvalitet og bredde. Vi er stolte over å ha blitt tildelt tilliten fra et energiselskap i den øverste kategorien nok en gang” sier Jostein Alendal, administrerende direktør i Reach Subsea.

“Utvidelse i det voksende brasilianske markedet er av stor betydning og innebærer betydelig potensial for Reach Subsea. Equinor-kontrakten er et tydelig bevis på vår forpliktelse og suksess” sier Cleiver Moulin, administrerende direktør i Reach Subsea Brazil.

Med denne kontraktstildelingen, sammen med flere andre nylige kontraktstildelinger, har Reach Subsea utvidet ordreboken med en estimert totalverdi på over 265 millioner norske kroner, siden offentliggjøring av tredje kvartal 2023-rapporten. De fleste av disse kontraktene er planlagt å starte i fjerde kvartal 2023 og første kvartal 2024.

Jostein Alendal, administrerende direktør i Reach Subsea, kommenterer:
"Vi opplever en stabil og robust etterspørsel etter våre tjenester innen havsektoren. Disse kontraktene styrker vår nåværende ordrebok og bekrefter vår posisjon som leverandør av omfattende og integrerte tjenester til havsektoren. Dette underbygger også vår evne til å effektivt konkurrere om en rekke komplekse oppdrag på global basis. "

For mer informasjon, vennligst kontakt:
Birgitte Wendelbo Johansen
Chief Financial Officer
Reach Subsea ASA
bwj@reachsubsea.no

Om Reach Subsea:
Reach Subsea ASA Group tilbyr høykvalitetsløsninger og teknologi til kunder med behov for havdata og tjenester. Tjenestene tilbys fra vårt hovedkontor i Haugesund, samt fra våre datterselskaper og avdelinger lokalisert over hele Norge, USA, Storbritannia, Kypros, Singapore, Trinidad, Brasil og Australia. Gruppens mål er å være en foretrukken partner og fullserviceleverandør av havtjenester for kunder, med fokus på sikkerhet, miljø, økonomisk soliditet og lønnsomhet. Vår visjon “Bærekraftig tilgang til havrommet” understreker vårt engasjement for utviklingen av bærekraftige løsninger.

Denne informasjonen anses som innsideinformasjon i henhold til EUs regulering om markedsmisbruk (MAR) og er underlagt kravene til offentliggjøring i henhold til MAR artikkel 17 og Section 5-12 i den norske verdipapirhandelloven. Denne børsmeldingen ble publisert av Jorunn Håvardsholm, markeds- og kommunikasjonssjef hos Reach Subsea AS, på den angitte tidspunktet og datoen.

Kilde

Metallian · desember 12, 2023, 9:58am

Den der lukter det bra margin av

torsteinius · desember 12, 2023, 10:47am

TekBot · desember 22, 2023, 8:55pm

Reach Subsea ASA – New share capital registered

Reach Subsea ASA – New share capital registered

Haugesund, 22 December 2023: Reference is made to the stock exchange announcement published by Reach Subsea ASA (the “Company”) on 8 December 2023 regarding the Company’s share incentive program.
…

Vis børsmeldingen

The Board of Directors of the Company has allocated a total of 850,000 new shares to the participants in the incentive program. The Subscription price for the shares was NOK 2.64 per share.

Following the increase the Company`s share capital is NOK 271.769.245 divided into 271.769.245 shares.

The share capital increase has now been registered in the Companies Register (Foretaksregisteret).

For more information please contact:
Birgitte Wendelbo Johansen
Chief Financial Officer
Reach Subsea ASA
bwj@reachsubsea.no

About Reach Subsea:
Reach Subsea ASA Group offers high quality solutions and technology to clients in need of ocean data and services. Services are offered out of our head office in Haugesund as well as from our subsidiaries and branches located across Norway, US, UK, Cyprus, Singapore, Trinidad, Perth and Brazil. The Group’s objective is to be a preferred partner and full-service provider of ocean services for clients, focusing on safety, environment, financial solidity and profitability. Our vision “Sustainable access to ocean space” underpins our commitment to the development of sustainable solutions, with stakeholder groups key interests in focus.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
This release was issued by CFO Birgitte Wendelbo Johansen 22/12/23.

Kilde

TekBot · desember 29, 2023, 10:21am