Standard Supply “skal etter planen noteres på Euronext Growth rundt 22. juli” ifølge e24.
Handles per idag på otc som unotert.
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Standard Supply AS: Commercial update for August 2022
Oslo, Norway, September 9th 2022
In August 2022, Standard Supply AS (Standard Supply) achieved a utilization of 97% and effective time charter equivalent earnings of approximately USD 16,700 per day. For the month of July, corresponding numbers were 91% and USD 13,900 per day, respectively. The Company’s operating cash breakeven is around USD 7,300 per day. Going forward, Standard Supply will provide monthly commercial updates. The financial results for the third quarter of 2022 will be reported on November 15th.
Presently Standard Supply has four PSVs trading in the UK market, two in the Mediterranean and one on a windfarm project off Germany, the latter at a rate of EUR 30,000 per day. In early October we will take delivery of the large-sized PSV Standard Defender, while the reactivation of the mid-sized PSV Standard Duke is expected completed also in early October.
The UK spot market has improved into September, with rates presently around GBP 10-12,000 per day. The newly elected Prime Minister in the UK has this week proposed to issue more than 100 new oil- and gas licenses in the North Sea in order to improve domestic production.
Pareto presentasjonen
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Standard Supply AS: Commercial update for September 2022
7.10.2022 08:00 • Oslo Børs •
Oslo, Norway, October 7th 2022
In September 2022, Standard Supply AS (Standard Supply) achieved a utilization
of 96% and effective time charter equivalent earnings of approximately USD
15,700 per day. The Company’s operating cash breakeven is around USD 7,300 per
day. The financial results for the third quarter of 2022 will be reported on
November 15th.
Presently Standard Supply has four PSVs trading in the UK market, two in the
Mediterranean and one on a windfarm project off Germany. The UK spot market
presently has rates around GBP 8-10,000 per day. We will take delivery of the
large-sized PSV Standard Defender on or around October 10th, while the
reactivation of the mid-sized PSV Standard Duke is expected completed also in
October.
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Standard Supply AS: Contract awards for FS Kristiansand and Standard Defender
(Oslo, Norway, 4 November 2022) Standard Supply AS (Standard Supply, OSE:STSU) today announces contract awards for the two platform supply vessels (PSVs) FS Kristiansand and Standard Defender of respectively GPD 12,995 and USD 18,500 per day.
“These contracts highlight the strength in the current charter market. At the public listing in June 2022, the FS Kristiansand was valued at USD 6 million, while this 1-year contract will generate more than USD 3 million in EBITDA. Moreover, the Standard Defender has secured a strong rate for the winter season and will return to the North Sea ahead of the typically stronger summer period,” says Martin Nes, Chairman of Standard Supply.
Standard Supply has been awarded a 1-year charter at GBP 12,995 per day, in direct continuation of current UK charter, for the mid-sized FS Kristiansand (2005 built). In West Africa, the newly delivered large-sized PSV Standard Defender (2019 built) will commence an approximately 140-days charter from mid-November at USD 18,500 per day
“On the back of limited yard capacity and inflationary pressures in general, we continue to see good upside in PSVs acquired with more than 50% discount to replacement cost and payback periods as short as two to three years,” Nes concludes.
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Reference is made to the stock exchange announcement from Standard Supply AS
(“STSU” or the “Company”) published on 4 November 2022 regarding a contemplated
private placement of new shares in the Company (the “Private Placement” and the
“New Shares”) to raise gross proceeds of up to approximately NOK 200 million.
The Company is pleased to announce that the Private Placement was significantly
oversubscribed, and that the Company has allotted 44,085,106 New Shares at the
subscription price of NOK 4.70 per New Share (the “Subscription Price”),
corresponding to gross proceeds of approximately NOK 207 million / USD 20
million, which implies a slight up-sizing of the Private Placement from the
initially announced NOK 200 million. The Company’s Board of Directors has
consequently resolved to increase the share capital of the Company with NOK
4,408,510.60 through the issuance of 44,085,106 New Shares, each with a par
value of NOK 0.10.
The net proceeds from the Private Placement will be used to fund further fleet
growth in the PSV segment and for general corporate purposes.
The Company’s Board of Directors has resolved to not carry out a subsequent
offering. In reaching this decision, the Board of Directors emphasized the very
limited discount between the Subscription Price of NOK 4.70 per New Share and
the closing price of the Company’s shares on 4 November 2022 of NOK 4.80 and
that the Company succeeded with raising capital through an effective transaction
with only minor completion risk and without the need for a guarantee consortium.
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Standard Supply AS: Commercial update for October 2022
2022-11-09 07:00:00
Oslo, Norway, October 9th 2022
In October 2022, Standard Supply AS (Standard Supply) achieved a utilization of
86% and effective time charter equivalent earnings of approximately USD 10,800
per day. The Company’s operating cash breakeven is around USD 7,300 per day.
Presently Standard Supply has six PSVs trading in the UK market and two in the
Mediterranean. Five vessels are on term business at an average rate of c. USD
15,000 per day. The UK spot market presently has rates around GBP 7-10,000 per
day. In October the Company took delivery of the large-sized PSV Standard
Defender, while the reactivation of the mid-sized PSV Standard Duke is expected
completed in November.
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STSU: THIRD QUARTER 2022 FINANCIAL RESULTS
Oslo, Norway, November 15th 2022
Standard Supply AS (Standard Supply, OSE:STSU) reported an EBITDA of USD 4.8 million in the third quarter of 2022, up from USD 0.1 million in the same quarter in 2021, and a net profit of USD 3.0 million (-1.6 million). The time charter equivalent earnings were approximately USD 15,600 per day and the utilization was 96% based on availability. Standard Supply has a solid financial position and reiterates the market outlook.
“Since the IPO we have nearly doubled our earnings capacity through investing more than USD 35 million into modern PSV tonnage. These acquisitions have been done at 50-65% discount to replacement cost, and with the recent improvements in time charter rates we are seeing payback periods as short as two to three years,” says Martin Nes, Chairman of the Board of Standard Supply.
Standard Supply reported revenues of USD 9.7 million in the third quarter 2022, up from USD 2.8 million in the same quarter in 2021, and an EBITDA of USD 4.8 million (0.1 million), following time charter equivalent earnings of USD 15,600 per day and a utilization of 96% based on availability. The company was incorporated in 2022, and historical figures refers to companies prior to the capital reorganization. At the end of the third quarter 2022 the company held cash of USD 25.1 million.
After the closing of the quarter, Standard Supply raised approximately NOK 200 million in a private placement for further growth in the PSV segment. The offering was significantly oversubscribed.
“In October around 30 term deals were concluded in the North Sea, representing a three-fold increase from September. This is clearly indicating that charterers are looking to firm up capacity ahead of the new season. Standard Supply has fixed out the FS Kristiansand for 1-year in a charter that will generate more than USD 3 million of EBITDA. Moreover, the Standard Defender has secured a strong rate of USD 18,500 per day for a winter campaign of approximately 140 days in West Africa, before returning to the North Sea in the spring of 2023. With the growing rig count in the UK, we remain upbeat about the outlook for the year ahead,” Nes concludes.
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EIt heilt nydelig resultat som var godt over mine forventinger
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Ser ikke ut som kursen er enig? Blir vel tungt i vinter og bedre rater i sommer, hvorfor kjøpe alleredet nå?
Kvifor blir det tungt i vinter?
Er ikke det standaren da, få rigger ut i arbeid i nordsjøen.
Jo, men vi har eit term marked som er brennhett for tida. Og det er det som gjer investeringscaset interessant. Blei gjort heile 30 term deals i oktober feks
Sterke tall, går under radaren denne.
Ok, skal inrømme jeg ikke har fulgt veldig med, har de ledige skip da?
De har noen i spot
