Fred Olsen Energy

Beleggen in aandelen beurs China Shanghai Composite, Toronto, etc.
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bertje
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Re: Fred Olsen Energy

Berichtdoor bertje » 18 Jun 2018 10:50

Donderdag algemene vergadering, waar maar 1 vraag belangrijk is:
“The company is in discussions with its financial creditors,” Fred. Olsen Energy said in a statement on Friday, adding that it was aiming to find a solution before a deadline of June 30.


Grootste shorter aan het coveren en toch daalt de prijs, de kleintjes stappen blijkbaar massaal uit.
Oceanic Investment Management Limited 1 678 585 2,52% 14.06.2018
Oceanic Investment Management Limited 2 016 776 3,02% 13.06.2018
Oceanic Investment Management Limited 2 127 225 3,19% 05.03.2018
Oceanic Investment Management Limited 2 174 357 3,26% 16.02.2018
Oceanic Investment Management Limited 2 254 662 3,38% 08.02.2018
Oceanic Investment Management Limited 2 379 276 3,57% 31.01.2018
Oceanic Investment Management Limited 2 401 298 3,60% 02.11.2017
Oceanic Investment Management Limited 2 645 887 3,97% 18.10.2017
Oceanic Investment Management Limited 2 717 735 4,07% 17.10.2017
Oceanic Investment Management Limited 3 099 923 4,65% 06.10.2017
Oceanic Investment Management Limited 3 275 263 4,91% 31.07.2017
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bertje
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Re: Fred Olsen Energy

Berichtdoor bertje » 19 Jun 2018 12:23

slecht nieuws:

As informed in the Q1 2018 report Fred Olsen Energy ASA (the “Company”) has, together with its financial and legal advisors, continued the dialogue with its stakeholders, including representatives of the secured and unsecured financial creditors and their advisors, with a view to evaluate alternatives to improve the financial situation of the Company.

The Company's financial creditors have waived the financial covenants of the Company's financing agreements up until 30th June 2018. The Company is seeking an extension to the existing waivers. A waiver request for the FOE05 bond loan will be sent to Nordic Trustee as soon as a waiver from the secured lenders is obtained.

It is expected that a long term solution may require new equity and amendments to the Company’s bank and bond facilities, potentially implying impairments of debt, in order to secure a viable financial foundation for the purpose of safeguarding the Company’s position in the market.

bertje
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Re: Fred Olsen Energy

Berichtdoor bertje » 19 Jun 2018 13:43

Vreemd dat shorters voorbije dagen al aan het coveren waren
Laatste
7,55
Wijziging (-2,9)
-27,75%

bertje
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Re: Fred Olsen Energy

Berichtdoor bertje » 21 Jun 2018 22:35

Shorters doen gouden zaak. (kunnen coveren op laagste koers ooit)

Oceanic Investment Management Limited 1 138 439 1,71% 20.06.2018
Oceanic Investment Management Limited 1 518 439 2,28% 19.06.2018
Oceanic Investment Management Limited 1 628 585 2,44% 15.06.2018
Oceanic Investment Management Limited 1 678 585 2,52% 14.06.2018
Oceanic Investment Management Limited 2 016 776 3,02% 13.06.2018

bertje
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Re: Fred Olsen Energy

Berichtdoor bertje » 30 Jun 2018 11:27

Fred. Olsen Energy ASA – Expiry of waiver period

Reference is made to previous stock exchange notices by Fred. Olsen Energy ASA (the "Company") in which it was informed that the Company's financial creditors have waived the financial covenants of the Company's financing agreements (including the FRN Fred. Olsen Energy ASA senior unsecured bond issue 2014/2019) up until 30th June 2018 (not inclusive).

The waiver period has expired and as of today no extension has been granted by the Company's financial creditors
on terms acceptable to the Company. The financial covenants of the Company will be tested on 20 July 2018.

The Company is continuing the dialogue between its stakeholders, including representatives of the secured and unsecured financial creditors and their advisors, with a view to evaluate alternatives to improve the financial situation of the Company. It is expected that a long term solution will require new equity and amendments to the Company's bank and bond facilities, potentially implying impairments of debt, in order to secure a viable financial foundation for the purpose of safeguarding the Company's position in the market.

The Fred. Olsen Energy group's operations will continue in their ordinary course.

Contact:

Ivar Brandvold, CEO, (+47) 22 34 10 00

Hjalmar Krogseth Moe, CFO, (+47) 22 34 10 00

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

bertje
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Re: Fred Olsen Energy

Berichtdoor bertje » 09 Jul 2018 14:47

De ene dag 10% eraf, de dag erna 15% erbij
het is speelgoed geworden voor speculanten.
6,29 +14,36%

Woensdag voorbeurs de cijfers voor 1H2018

Dan hopelijk ook de uitleg over hun herstel plan en wat de huidige aandeelhouders daar nog te zeggen zullen hebben.

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Re: Fred Olsen Energy

Berichtdoor bertje » 09 Jul 2018 16:35

6,695 +21,73%
Wat krijgen we morgen????

Woensdagmorgen cijfers, zal iedereen nog vluchten voor de cijfers of toch posities innemen??

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Re: Fred Olsen Energy

Berichtdoor Scepticist » 10 Jul 2018 15:17

Interessante situatie:
Het bedrijf heeft ongeveer 750 M$ interestdragende leningen, 100M$ in leningen aan leveranciers en 250M$ cash
De marktwaarde van het bedrijf is 52 M$
De equity is ongeveer 500 M$ en 1000M$ in (veel verouderde) schepen
--> obligatiehouders kunnen 600M$ kwijt raken, aandeelhouders slechts 52M$ (leuke onderhandelingspositie)

2 mogelijke evoluties

1) geen akkoord met schuldeisers -> failliesement -> aandeelhouders en schuldeisers zijn zo goed als alles kwijt
2) akkoord met schuldeisers -> schuldeisers gaan akkoord met gigantische haircut gevolgd door kapitaalverhoging

In situatie 2 kan de koers wel eens hoge sprongen maken. Volgens mij zal men onderhandelen om zo'n 50% van de schuld (400M$) te laten kwijtschelden. In ruil zal men onderhandelen om minstens 400M$ aan kapitaal bijeen te sprokkelen.