PLCS i 1,50


Dersom
Resultatet er godt 27. Februar
Corona faren er over og
Oljeprisen er tilbake på 65 dollar fatet
Stølen
19.02.2020 kl 22:18 817

Spredningen av Corona viruset avtar
Oljeprisen er på vei opp igjen.
Så ser vi med spenning fram til resultatet for Q4 den 27 februar.
Klatringen kan begynne!
Stubben
20.02.2020 kl 10:43 648

Kursen vil ikke opp. Hva som skal få fart i denne , vites ikke
Denne 4900 er et mareritt
Redigert 20.02.2020 kl 11:08 Du må logge inn for å svare
huffa
20.02.2020 kl 10:54 622

Ser ikke bort fra 1,50 før Q-fremleggelse 27.02.20.

Huff, huff.

2019 blir etter guidingen i Q3 i dømme positiv. Q4 blir nok negativ, men dette vil overskygges av at 2019 bli positiv :)
huffa
21.02.2020 kl 15:55 300

Minner om Nordeas analyse fra 6. november 2019. - kursmål 1,70.

Stock Report
Equity Research
6 November 2019
Buy
Polarcus
Norway | Oil Services
Business description
Polarcus is a global marine 3D and 4D
towed streamer and node geophysical
service provider. The seismic data acquired by its vessels is used by oil & gas
companies to evaluate hydrocarbon structures and increase chances of
commercial success ahead of the more expensive drilling phase. The data is also
used to determine size and structure of
known reservoirs in order to maximise
field recovery and ongoing production rates. Its two principal business activities
are contract seismic services and multi-client projects.
Investment case
We define Hold as a rating assigned to a sh
are that is trading in line with our fair
value and/or where we see no compelling investment case.
Main risks
Key downside risks: High leverage rati
o and eventual replacement capex need
are the main corporate risks. On top of th
is comes market-related risks such as a
decline in seismic vessel demand.
Estimate and valuation changes
We factor in y/y vessel rate increases of
7.5% for Q1 and Q2 2020. For Q3 2020,
we assume a day rate slightly below that
of Q3 2019. This is because Q3 2019
was exceptionally strong, and we do not necessarily expect an equally strong
quarter next year. Overall, we increase our EBITDA forecast for 2019 by 21% and
our 2020 EBITDA forecast by 5%. We
leave our 2021 EBITDA estimate
unchanged. In our new multiple-based fa
ir value and target price, we have
applied a historical average EV/EBITDA multiple of 5.4x to our 2020 EBITDA
estimate. We note that we regard the Polarcus share as a risky one largely due to
the high levels of debt in the company. While no substantial debt matures until
Q3 2022, we highlight that our fair valu
e is highly sensitive towards changes in
EBITDA estimates, due to the leverage.

Huff, huff.
huffa
21.02.2020 kl 16:06 283

KEY INFO
NOK 1.70
Target price
NOK 1.70
Fair Value
NOK 1.33
Share price, clos
e
NR
MSCI ESG rating
PLCS NO
Bloomberg
PLCS.OL
Reuters
82%
Free Float
USD 0.08/NOK 0.68
Market cap. (bn)
www.polarcus.com
Company website
27 Feb 2020
Next report date
Nordea Markets - Analysts

Nå ble alt med.
Huff, huff.