SEA1 Offshore (tidligere Siem offshore)

[Metallian]

Dette var sterke tall!

[Harlind]

Spørsmålet nå er om det er flere som tørr å vekte opp større posisjoner. Sioff har såpass begrenset likviditet at man er litt forsiktig med størrelsen på posisjonen. For egen del hadde jeg nå glatt doblet om jeg kan bli tryggere på likviditeten

[Harlind]

Når det er sagt så har Soff endret seg på dette punktet. Svært mye større volum nå enn i fjor høst

[srh]

Bra fra SIOFF dette med positivt resultat (også eks rekon) når man sammenlikner med de øvrige rederiene og tar i betraktning at de verken har solgt eller skrevet opp verdier. Litt av utfordringen er at potensialet for inntektsvekst er begrenset ettersom ettersom de eks. for Subsea faktisk har operert med ratesnitt på 450k gjennom året.

[E24Bot]

Ratefest i Nordsjøen gir grunn til å snuse på supply-aksjer

Ratefest i Nordsjøen gir grunn til å snuse på supply-aksjer

[TekBot]

Siem Offshore announces plan for re-domiciliation

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN CANADA, AUSTRALIA, NEW ZEALAND, SOUTH-AFRICA, HONG KONG, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

8 March, 2022. Siem Offshore Inc (SIOFF) today announced a plan for a re-domiciliation of the company whereby a new Norwegian holding company will be established for the SIOFF group.
…

Vis børsmeldingen

The board has decided to propose to shareholders the re-domiciliation by way of Siem Renewables AS making a share-for-share offer for all the outstanding shares in SIOFF (the “Offer”). Siem Renewables AS is currently an empty company indirectly owned by Siem Industries S.A. As part of the process, Siem Renewables AS will be converted into a public limited liability company and change its name to Siem Sustainable Energy ASA (“SSE”). If the Offer is successful, SIOFF will become a subsidiary of SSE, in which case it will be the intention to de-list SIOFF from the Oslo Stock Exchange. SSE will apply for a listing on the Oslo Stock Exchange as part of the process.

The contemplated new group structure will pursue new operations aimed at the energy sector, including renewable energy. The intention is that SIOFF’s existing business, with a fleet mainly deployed in the oil and gas sector, will be continued in SIOFF while new renewable energy related business will be developed in a separate subsidiary owned by SSE.

The composition of the board in SSE will reflect continuity and the management in SSE will be the same as in SIOFF today.

The Offer is expected to be subject to customary conditions, including:
(i) Valid acceptance of the Offer by no less than 95% of the outstanding shares in SIOFF
(ii) SSE being admitted to listing on the Oslo Stock Exchange.
(iii) Any required consents under the existing financing agreements of the SIOFF group

SSE will reserve the right to waive the conditions to the Offer, including by way of reducing the acceptance level condition.

Upon completion of the Offer, in respect of 95% or more of the shares in SIOFF, the intention is to carry out a squeeze-out of the remaining outstanding shares in SIOFF. SSE has secured commitments of an equity issue of up to NOK 80 million to finance a squeeze-out.

Shareholders representing approx. 38% of the shares in SIOFF have expressed their support of the Offer.

The Offer will be made on the basis of a combined offer document and listing prospectus. The document will be subject to the approval of the Oslo Stock Exchange as an offer document pursuant to the rules of chapter 6 of the Norwegian Securities Trading Act and the approval of the Norwegian Financial Supervisory Authority as a prospectus pursuant to the EU Prospectus Regulation.

The company seeks to complete the re-domiciliation during the first half of 2022.
*** Contact:
CEO Bernt Omdal +47 91522299
CFO Vidar Jerstad +47 93426335

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 the SIOFF contact person set out above on 8 March 2022 at 9:20 CET.

The Offer and the distribution of this announcement and other information in connection with the Offer may be restricted by law in certain jurisdictions. When published, the Offer Document and related acceptance forms will not and may not be distributed, forwarded or transmitted into or within any jurisdiction where prohibited by applicable law, including, without limitation, Canada, Australia, New Zealand, South Africa, Hong Kong and Japan. The Offeror does not assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.

This announcement is not a tender offer document and, as such, does not constitute an offer or the solicitation of an offer to acquire the Shares. Investors may accept the Offer only on the basis of the information provided in the Offer Document. Offers will not be made directly or indirectly in any jurisdiction where either an offer or participation therein is prohibited by applicable law or where any tender offer document or registration or other requirements would apply in addition to those undertaken in Norway.

Kilde

[Andyboi]

CFO og ledelsen fikk nok av masinga om aksjonærlister

[tverilytt]

Siem Offshore planlegger redomisilering

[tverilytt]

Skapte vel nok usikkerhet til at endel gikk ut / reduserte i dag…

Selv synes jeg det høres spennende og riktig ut.

Vil putte Siem Offshore inn i nytt selskap

[TekBot]

New agreement in place for the WIV “Siem Helix 1” and WIV “Siem Helix 2”

Siem Offshore and Helix Energy Solutions Group Inc, has entered into an Agreement for the Well Intervention Vessels “Siem Helix 1” and “Siem Helix 2”.

The agreements will replace the existing contracts and the new firm period will be 3 years for “Siem Helix 1” and 5 years for “Siem Helix 2” with subsequent options for both vessels. Commencement will be in direct continuation of present contracts within Q1 2022. The extension reconfirms that the Company plays an important role in the Well Intervention segment, and we are very pleased to see a key client such as Helix Energy Solutions extend our professional relationship.
…

Vis børsmeldingen

Total contract backlog for SIOFF is now USD 440 million.

Kilde

[Metallian]

Meget pen nyhet, lang forlengelse og fin rate

[srh]

Har du finregnet på raten?

[Metallian]

Nei jeg prøvde men ble så vanskelig å finne eksakt hvor mye av bacloggen som måtte trekkes fra, men på XI var de vel på 70-90k usd/dag og når snittet for disse og csvene i q4 var ca 50kusd/dag tenker jeg det kan stemme og at det er en bra rate.

[Lundekunde]

Eg har tenkt eit reknestykke utifrå ordrebok 31.12=298musd
inntketer fram til idag frå ordreboka som er cirka (65*0,67)=43,55 musd
Kontrakt på Avalon Sea i februar= estimerer rundt 6-8musd på tidelgare snittrater
Ordrebok før kontrakt på Helix 1 og 2 er då 298-43,55+7=261,45musd
Siem Helix 1 har arbeid ut H1 23 før ny kontrakt, Helix 2 har ut H2 23. Over 3 vesselyears, Enkel forenkling seier då 3 vesselår mindre enn meldt kontrakt. altså cirka 5 vesselyear nytt.
Ny backlog er 440musd. Økning i backlog pga ny Helix=440-261,45=178,55musd
5vesselyears=1825 dager. Dayrates er då 178,55musd/1825dager=97835USd/d

[Metallian]

Dersom det stemmer vil jeg påstå denne kontrakten alene forsvarer en fin stigning i inntektene og vi “vet” jo at de vanlige csv-ene ikke vil gå på dårligere kontrakter når de skal fornyes/endres…

[Harlind]

Det er utålmodige algoritmer som nå presser kursen ned. Håper at det er IF som prøver å bli kvitt de siste aksjene. Men man vet jo ikke.

[Rodjer]

Sioff spennende nå, tok noen lodd her nå.
Har falt uforholdsmessig mye tilbake

[srh]

Enig i at SIOFF er spennende, og at de nok kommer til å tjene penger fremover. Er derimot litt bekymret for denne organisasjonsendringen herunder planene for “fonybar energi”, og som vel borger for et behov for penger herunder mulig gjennomføring av en emi og som vel sjelden gavner småaksjonærene!?

[Stifen]

Hvorfor kan en rebranding for å tilpasse seg framtidens marked være negativt ?

Hvordan stiller du deg til windstaller alliansen til Aker/Soff/Deep ?

[T.5]

Det kan vel kanskje være et poeng i seg selv å få butikken over i et Norsk selskap, og kanskje dermed mulig for oss småaksjonærer å få kjøpt aksjen på AKSJE SPARE KONTO (?)