RAKP, hva nå?


Hepp.

Etter første tranche av tilbakekjøp bestod RAKP av 319.364.705 aksjer (A-aksjer + restricted A-aksjer).

Etter tilbakekjøp del 2, nylig fullført, er antallet aksjer nå nede i 312.131.372 aksjer.

RAKP eier 438.379.418 DNO aksjer.
Altså, for hver RAKP aksje så eier de 1,40447 DNO aksjer.

Dette har økt fra ca 1,34 som var andelen før tilbakekjøpene startet.

I tillegg til DNO aksjer, eier RAKP 33,33% av Foxtrot International, et selskap som opererer noen gassfelt utenfor Elfenbenskysten.
Eierandelen i Foxtrot er i RAK sitt regnskap balanseført med usd 94,2 mill.
Jeg skal ikke vurdere om det er høyt eller lavt, men kan nevne at i 2017 mottok RAKP usd 28 mill i utbytte fra Foxtrot, og i 2018 usd 20 mill.

Om vi bruker balanseført verdi på usd 94,2 mill, og en dollarkurs på 8,5, så er verdien av Foxtrot andelen 800,7 mill NOK.
Om vi deler det på 312,1 mill RAKP aksjer, så utgjør det kr 2,56 per aksje.

Så riktig RAKP kurs skal altså være DNO kurs x 1,4 + kr 2,50

Med DNO sluttkurs på 19,47 i går skulle da RAKP kurs vært 19,47 x 1,4 + 2,5 = kr 29,75

RAKP fikk kjøpt tilbake aksjer på 18, så her kommer det flere tilbakekjøp tenker jeg.
msmekk
28.04.2019 kl 10:22 1885

Det er vel dette som kalles å kjøpe 1kr for 50 øre. Tror markedet har begynt å få denne på radaren nå så rabatten vil helt sikkert bli innhentet rimelig raskt, Full utelling i forhold til sine eiendeler blir det vel ikke men vi burde vel klare å se 27kr ila året?
Steget
28.04.2019 kl 15:50 1784

Otto.

Har du beregnet verdien av krysseierskap (DNO eier 15,85 mill. RAKP aksjer)?
28.04.2019 kl 16:16 1755

Hvem vet, DNO har vært en bra melkeku.
wwbwb
29.04.2019 kl 09:05 1573

Siste handler Rakp
Klokka Pris Volum
08:55:00 18.00 7 233 333
Hr Dust
18.05.2019 kl 08:55 1332

Vi kan snart få en ny runde med tilbakekjøp. Inngang på dagens nivåer (14,70) er særledes gunstig inngang.
18.05.2019 kl 16:32 1154

Det er jo fint, stolte ikke helt på dem i begynnelsen, men det har jo gått bra.
cinet
16.09.2019 kl 20:10 715

Hva sier halvårsrapporten som ble sendt ut i dag? Noen nyheter opp mot DNO?

DNO DNO is a Norwegian exploration and production company listed on the Oslo Børs (or Oslo Stock Exchange) and focused on the Middle East and North Sea regions. It has interests in oil and gas blocks in various stages of exploration, development and production, both onshore and offshore. DNO’s growth comes through smart exploration, cost effective and fast track development, efficient operating techniques and strategic acquisitions.
DNO had a solid first half of 2019 with record activity levels, rising revenues, strong profitability and a material contribution from the North Sea. DNO ramped up operational activity with 14 wells spud in the first half of 2019 as it continues to deliver the largest drilling programme in its 48-year history with 36 wells planned across the portfolio in 2019.
DNO achieved oil and gas output of 130,855 barrels of oil equivalent per day (“boepd”) in the first half of 2019 (110,570 boepd 1H 2018) on a gross basis and maintains its position as the largest oil producer among the international oil companies (“IOCs”) in the Kurdistan region of Iraq (“Kurdistan”). Operated production in Kurdistan climbed 20 percent to 126,648 barrels of oil per day (“bopd”) in the first half of 2019 from 105,962 bopd in the same period a year earlier.
3
DNO’s financial results remained positive with a net profit of USD 119.1 million in the first half of 2019, double the amount from the same period a year earlier. DNO’s revenues of USD 469.7 million for the half-year 2019 were up 63 percent from the same period a year earlier, of which USD 361.4 million was from Kurdistan and USD 108.3 million from the North Sea. Operating profit in the first half of 2019 stood at USD 137.3 million (USD 76.2 million 1H 2018). DNO exited the half-year with a cash balance of USD 573.8 million and total debt of USD 1,080.7 million. DNO’s marketable securities and treasury shares were valued at USD 94.3 million at 30 June 2019.
The Company’s indirect net percentage ownership of DNO, held through its wholly-owned subsidiary RAK Petroleum Holdings B.V. (“RAKP BV”), adjusted for DNO’s treasury share ownership of 35 million own shares at 30 June 2019, was 41.8 percent.
At 30 June 2019, the Company’s stake in DNO had a market value of USD 795.1 million based on DNO’s quoted share price.
For further detail on DNO’s operations see its Half-Year 2019 Interim Results report and presentation on its website www.dno.no.
DNO announced that its shareholders again approved two dividend distributions of NOK 0.20 per share (but each distribution not to exceed NOK 249.3 million). The first tranche of the dividend is to be paid before 31 December 2019 and the second tranche between 1 January 2020 and the date of DNO`s next annual general meeting in the first half of 2020. Based on this approval, the Company’s shareholding in DNO is entitled to receive a dividend totalling approximately USD 20 million at current exchange rates. I am excited to continue this phase of dividend receipts from DNO after several years of building the DNO business to the strong financial and operational position it holds today.

Foxtrot International The Company holds an indirect 33.33 percent net ownership of Foxtrot International, a privately held exploration and production company active in West Africa, through its wholly-owned subsidiary RAKP BV.
Foxtrot International operates DNO`s flagship Tawke field in the Tawke licence remains the largest IOC-operated oil field in Kurdistan. Production at the Tawke field averaged 71,700 bopd in the first half of 2019 with three new producing wells brought onstream. A fourth rig has been added to support a 13 well programme in the second half of 2019, including a deep well to test the deeper Jurassic potential at the Tawke field. The Peshkabir field, also located in the Tawke licence, is now the second largest IOC-operated oil field in Kurdistan. Production at the Peshkabir field averaged 54,950 bopd in the first half of 2019 with two new producing wells brought onstream and four additional wells currently drilling or scheduled to spud by year-end. DNO is progressing the Peshkabir-to-Tawke gas project, the first ever enhanced oil recovery project in Kurdistan following the completion of which DNO will effectively eliminate gas flaring throughout its operations. In the Baeshiqa licence in Kurdistan, DNO completed the first Baeshiqa well targeting the shallow Cretaceous reservoir. The Baeshiqa-1 well has been suspended pending completion of the testing of the adjacent Baeshiqa-2 well targeting the deeper Jurassic and Triassic reservoirs on the same structure. The Baeshiqa-2 well has been drilled to 3,202 metres and completed, with rigless testing to commence in the second part of August. A third well targeting the deeper Jurassic and Triassic reservoirs on a separate structure is planned to spud early next year.
DNO is now in 89 licences in Norway, 12 in the United Kingdom (“UK”), one in Ireland and two in the Netherlands. Company Working Interest production in the North Sea averaged 17,820 boepd in the first half of 2019 following completion of the USD 780 million acquisition of Faroe Petroleum plc in March 2019 (including the net production from the assets acquired through the Norwegian assets swap with Equinor Energy AS, a whollyowned subsidiary of Equinor ASA). Through these transactions, DNO has acquired additional production across 13 fields, of which nine are in Norway and four in the UK, with Norway and the UK now accounting for approximately 17 percent of DNO`s production. Ten North Sea exploration/ appraisal wells and five development/ infill wells are planned for 2019. DNO’s financial results remained positive with a net profit of USD 119.1 million in the first half of 2019, double the amount from the same period a year earlier. DNO’s revenues of USD 469.7 million for the half-year 2019 were up 63 percent from the same period a year earlier, of which USD 361.4 million was from Kurdistan and USD 108.3 million from the North Sea. Operating profit in the first half of 2019 stood at USD 137.3 million (USD 76.2 million 1H 2018). DNO exited the half-year with a cash balance of USD 573.8 million and total debt of USD 1,080.7 million. DNO’s marketable securities and treasury shares were valued at USD 94.3 million at 30 June 2019.
The Company’s indirect net percentage ownership of DNO, held through its wholly-owned subsidiary RAK Petroleum Holdings B.V. (“RAKP BV”), adjusted for DNO’s treasury share ownership of 35 million own shares at 30 June 2019, was 41.8 percent.
At 30 June 2019, the Company’s stake in DNO had a market value of USD 795.1 million based on DNO’s quoted share price.
For further detail on DNO’s operations see its Half-Year 2019 Interim Results report and presentation on its website www.dno.no.
DNO announced that its shareholders again approved two dividend distributions of NOK 0.20 per share (but each distribution not to exceed NOK 249.3 million). The first tranche of the dividend is to be paid before 31 December 2019 and the second tranche between 1 January 2020 and the date of DNO`s next annual general meeting in the first half of 2020. Based on this approval, the Company’s shareholding in DNO is entitled to receive a dividend totalling approximately USD 20 million at current exchange rates. I am excited to continue this phase of dividend receipts from DNO after several years of building the DNO business to the strong financial and operational position it holds today
cinet
16.09.2019 kl 20:35 652

takker, så da blit det 0,2 utbytte før jul, og etter

Det blir det, og etterhvert færre aksjer utenfor DNOs eget eierskap, og dermed økende utbyttepotensiale, særlig om man får vokse organisk og ikke finner videre M&A som gir økonomisk mening.
oto1
17.09.2019 kl 00:14 473

På chatten er vel konsensus at tilbakekjøpte aksjer er tenkt brukt som en delbetaling i en M&A i UK.

Cairn kan vel være en aktuell kandidat (operatør på den siste brønnen DNO farmet inn i), men dette er og blir spekulasjoner.