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PETROFAC EXTENDS FORBEARANCE AGREEMENT
Petrofac Limited ( PFC) PETROFAC EXTENDS FORBEARANCE AGREEMENT 18-Nov-2024 / 07:00 GMT/BST Press Release 18 NOVEMBER 2024 PETROFAC EXTENDS FORBEARANCE AGREEMENT The Group announces that it has extended its existing forbearance agreement, in respect of the non-payment of the interest coupon on its senior secured notes that was due on 15 May 2024, from 15 November to 13 December 2024. This forbearance agreement also extends to the non-payment of the interest coupon that was due on 15 November 2024. The forbearance agreement is entered into by an ad hoc group ...
Petrofac Limited: PETROFAC EXTENDS FORBEARANCE AGREEMENT
Petrofac Limited ( PFC) Petrofac Limited: PETROFAC EXTENDS FORBEARANCE AGREEMENT 21-Oct-2024 / 07:00 GMT/BST PETROFAC EXTENDS FORBEARANCE AGREEMENT The Group announces that it has extended its existing forbearance agreement in respect of the non-payment of the interest coupon on its senior secured notes from 18 October to 15 November 2024. The forbearance agreement is entered into by an ad hoc group of noteholders representing approximately 47% of the outstanding senior secured notes and certain other acceding noteholders. The Board and management continue to w...
Petrofac Limited: Director/PDMR shareholding
Petrofac Limited ( PFC) Petrofac Limited: Director/PDMR shareholding 02-Oct-2024 / 12:04 GMT/BST 2 October 2024 Petrofac Limited (the ‘Company’) Notification of Transactions by Persons Discharging Managerial Responsibilities Pursuant to the Company’s obligations under Market Abuse Regulation 19, the Company hereby makes the following notifications in respect of its Directors and the vesting of awards of ordinary shares of US$0.02 each in the Company (the ‘Shares’) granted to the Directors under the Petrofac Performance Share Plan (‘PSP’) in 2021 and the Defe...
- Oliver Metzger
- Thomas Zlowodzki
ODDO BHF Small & MIDCAP MORNING NEWS - 10/01/2024
Like Astérix in the album of the same name, Michel Barnier has a cauldron to fill. Two measures to manage this have “leaked” in the press in the last few days: a reduction in the CIR research tax credit and an exceptional tax increase on large companies. We measured the sensitivity to these two measures of the 90 and 80 companies most concerned in our coverage universe. 20 companies have a CIR >5% of their EBIT and 22 companies would see their EPS fall by more than 5% due to the addit...
- Oliver Metzger
- Thomas Zlowodzki
ODDO BHF Small & MIDCAP MORNING NEWS - 01/10/2024
Comme Astérix dans l’album éponyme, Barnier a un chaudron à remplir. Deux mesures pour y parvenir ont « fuité » ces derniers jours dans la presse : rabotage du CIR (Crédit d’impôt Recherche) et hausse « exceptionnelle » de l’impôt des sociétés sur les grands groupes. Nous avons mesuré la sensibilité des 90 et 80 sociétés les plus concernées dans notre univers de couverture à ces deux mesures. 20 sociétés ont un CIR > 5% de leur EBIT et 22 sociétés verraient leurs BPA baisser de plus d...
- Baptiste Lebacq
Petrofac : H1 2024 results still lacklustre, progress on the financial...
>Neutral rating, target price under review - We reiterate our Neutral recommendation on the stock, with a target price under review pending the terms of the future financial restructuring (conversion of debt into equity, capital increase, etc.). In our sample, there are still many other investment vehicles with far more solid fundamentals (and balance sheets): Technip-Energies (Outperform, target price $ 27) for exposure to the LNG theme, or TechnipFMC (Outperform, ta...
- Baptiste Lebacq
Petrofac : Résultats S1 2024 toujours en berne, des avancées côté rest...
>Opinion Neutre, OC Sous revue - Nous réitérons notre recommandation Neutre sur le titre avec un OC Sous-revue dans l’attente des modalités de la future restructuration financière (conversion de dettes en equity / augmentation de capital…). Il demeure, au sein de notre échantillon, de nombreux autres vecteurs d’investissements avec des fondamentaux (et des bilans) bien plus solides : Technip-Energies (Surperformance, OC 27 €) pour s’exposer à la thématique GNL ou Tech...
PETROFAC LIMITED: RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024
Petrofac Limited ( PFC) PETROFAC LIMITED: RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024 30-Sep-2024 / 07:00 GMT/BST PETROFAC LIMITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024 Petrofac today issues its financial results for the six months ended 30 June 2024. OPERATIONAL AND FINANCIAL PERFORMANCE: Group business performance first half EBIT loss of US$(106) million First half free cash outflow of US$36 million, net debt of US$622 million and gross liquidity of US$164 million Group backlog US$8.0 billion, with strong order intake in Asset Solutions of US$0.9 billion...
Petrofac Limited: RESULTS OF ANNUAL GENERAL MEETING
Petrofac Limited ( PFC) Petrofac Limited: RESULTS OF ANNUAL GENERAL MEETING 23-Sep-2024 / 12:55 GMT/BST 23 September 2024 PETROFAC LIMITED (the “Company”) RESULTS OF ANNUAL GENERAL MEETING The Company hereby confirms that all resolutions set out in the Notice of Meeting for the Annual General Meeting of Petrofac Limited held on 23 September 2024 were duly passed by shareholders on a poll. The total number of votes cast for each resolution is as follows: No. Resolution In Favour / Discretion %* Against %* ...
Petrofac Limited: PETROFAC EXTENDS FORBEARANCE AGREEMENT
Petrofac Limited ( PFC) Petrofac Limited: PETROFAC EXTENDS FORBEARANCE AGREEMENT 23-Sep-2024 / 07:00 GMT/BST 23 September 2024 PETROFAC EXTENDS FORBEARANCE AGREEMENT Petrofac Limited is holding its Annual General Meeting today. Alongside this event, the Company provides the following update. Extension of forbearance agreement The Group confirms that it has extended its existing forbearance agreement in respect of the non-payment of the interest coupon on its senior secured notes from 20 September to 18 October 2024. The forbearance agreement is entered in...
Petrofac Limited: Block Listing Six Monthly Return
Petrofac Limited ( PFC) Petrofac Limited: Block Listing Six Monthly Return 02-Sep-2024 / 10:56 GMT/BST BLOCK LISTING SIX MONTHLY RETURN Information provided on this form must be typed or printed electronically and provided to an ris. (Note: Italicised terms have the same meaning as given in the Listing Rules.) Date: 2 September 2024 Name of applicant: Petrofac Limited Name of scheme: The Petrofac Deferred Bonus Plan 2021 Period of return: From: 1 March 2024 To: 31 August 2024 ...
Petrofac Limited: PETROFAC EXTENDS FORBEARANCE AGREEMENT
Petrofac Limited ( PFC) Petrofac Limited: PETROFAC EXTENDS FORBEARANCE AGREEMENT 23-Aug-2024 / 07:00 GMT/BST 23 August 2024 PETROFAC EXTENDS FORBEARANCE AGREEMENT Petrofac confirms it has extended its existing forbearance agreement in respect of the non-payment of the interest coupon on its senior secured notes from 23 August to 20 September 2024. The forbearance agreement is entered into by an ad hoc group of noteholders representing approximately 47% of the outstanding senior secured notes and certain other acceding noteholders. It provides assurance that...
Petrofac Limited: BOARD CHANGES
Petrofac Limited ( PFC) Petrofac Limited: BOARD CHANGES 31-Jul-2024 / 11:30 GMT/BST 31 July 2024 BOARD CHANGES Petrofac announces today that Non-executive Directors Ayman Asfari and Francesca Di Carlo have notified the Board of their intention to step down from their duties and do so from today’s date (31 July). Ayman Asfari co-founded Petrofac International in 1991 and has served as a Non-executive Director following his retirement as Group Chief Executive at the end of 2020. Ayman led the successful public listing of the Company in 2005 and under his leadership Petr...
PETROFAC CURES CONTRACT DEFAULT AND ANNOUNCES EXTENSION TO FORBEARANC...
Petrofac Limited ( PFC) PETROFAC CURES CONTRACT DEFAULT AND ANNOUNCES EXTENSION TO FORBEARANCE AGREEMENT 26-Jul-2024 / 16:02 GMT/BST Press Release 26 July 2024 PETROFAC CURES CONTRACT DEFAULT ANDANNOUNCES EXTENSION TO FORBEARANCE AGREEMENT Agreement with key EPC customer Petrofac today announces that it has reached an alternative agreement with a key customer with respect to the performance guarantee requirements under that contract. The agreement cures the default notice received from that customer, which required a performance guarantee to be posted by ...
- Ahmed Ben Salem
- Marc Lavaud
- Thijs Berkelder
FP TOTAL SE
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
SLB.N SCHLUMBERGER NV
GTT GAZTRANSPORT & TECHNIGAZ SA
SBMO SBM OFFSHORE NV
EURN EURONAV NV
PGS PGS ASA
BOSS HUGO BOSS AG
ENI ENI S.P.A.
NEX NEXANS SA
ERA ERAMET SA
P2F PETROFAC LIMITED
REP REPSOL SA
SOC SUBSEA 7 S.A.
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
TRE TECNICAS REUNIDAS SA
DR0 DEUTSCHE ROHSTOFF AG
TEC TECHNIPFMC PLC
SAE SHOP APOTHEKE EUROPE NV
BP. BP P.L.C.
CGG CGG
ENOG ENERGEAN PLC
VK VALLOUREC SA
TE TECHNIP ENERGIES NV
FUR FUGRO NV
SHEL SHELL PLC
SPM SAIPEM S.P.A.
TEN TENARIS S.A.
PLX PLUXEE NV
- Ahmed Ben Salem
- Bruno Cavalier
- Marc Lavaud
- Thijs Berkelder
FP TOTAL SE
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
SLB.N SCHLUMBERGER NV
GTT GAZTRANSPORT & TECHNIGAZ SA
SBMO SBM OFFSHORE NV
EURN EURONAV NV
PGS PGS ASA
BOSS HUGO BOSS AG
ENI ENI S.P.A.
NEX NEXANS SA
ERA ERAMET SA
P2F PETROFAC LIMITED
REP REPSOL SA
SOC SUBSEA 7 S.A.
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
TRE TECNICAS REUNIDAS SA
DR0 DEUTSCHE ROHSTOFF AG
TEC TECHNIPFMC PLC
SAE SHOP APOTHEKE EUROPE NV
BP. BP P.L.C.
CGG CGG
ENOG ENERGEAN PLC
VK VALLOUREC SA
TE TECHNIP ENERGIES NV
FUR FUGRO NV
SHEL SHELL PLC
SPM SAIPEM S.P.A.
TEN TENARIS S.A.
PLX PLUXEE NV
- Ahmed Ben Salem
- Marc Lavaud
- Thijs Berkelder
ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/04/2024
Sartorius is set to outperform the underlying biopharmaceutical market based on higher exposure to novel biologics and its focus on single-use components. Destocking is likely to end soon but the changing ordering pattern could distort order intake as KPI and organic growth should recover faster. In our view, the expected cut to its FY 2024 guidance is already largely reflected in the share price. Based on the expected turnaround, we have upgraded to Outperform with a new target price...
AKRBF AKER BP ASA
FP TOTAL SE
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
SLB.N SCHLUMBERGER NV
RI PERNOD RICARD SA
GTT GAZTRANSPORT & TECHNIGAZ SA
SBMO SBM OFFSHORE NV
EURN EURONAV NV
ADEN ADECCO GROUP AG
PGS PGS ASA
ZAL ZALANDO SE
ENI ENI S.P.A.
P2F PETROFAC LIMITED
REP REPSOL SA
SOC SUBSEA 7 S.A.
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
EVK EVONIK INDUSTRIES AG
TRE TECNICAS REUNIDAS SA
DR0 DEUTSCHE ROHSTOFF AG
TEC TECHNIPFMC PLC
BP. BP P.L.C.
CGG CGG
ENOG ENERGEAN PLC
VK VALLOUREC SA
ERF EUROFINS SCIENTIFIC SOCIETE EUROPEENNE
TE TECHNIP ENERGIES NV
FUR FUGRO NV
SHEL SHELL PLC
SPM SAIPEM S.P.A.
TEN TENARIS S.A.
- Ahmed Ben Salem
- Marc Lavaud
- Thijs Berkelder
ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 04/07/2024
Sartorius is set to outperform the underlying biopharmaceutical market based on higher exposure to novel biologics and its focus on single-use components. Destocking is likely to end soon but the changing ordering pattern could distort order intake as KPI and organic growth should recover faster. In our view, the expected cut to its FY 2024 guidance is already largely reflected in the share price. Based on the expected turnaround, we have upgraded to Outperform with a new target price...
AKRBF AKER BP ASA
FP TOTAL SE
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
SLB.N SCHLUMBERGER NV
RI PERNOD RICARD SA
GTT GAZTRANSPORT & TECHNIGAZ SA
SBMO SBM OFFSHORE NV
EURN EURONAV NV
ADEN ADECCO GROUP AG
PGS PGS ASA
ZAL ZALANDO SE
ENI ENI S.P.A.
P2F PETROFAC LIMITED
REP REPSOL SA
SOC SUBSEA 7 S.A.
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
EVK EVONIK INDUSTRIES AG
TRE TECNICAS REUNIDAS SA
DR0 DEUTSCHE ROHSTOFF AG
TEC TECHNIPFMC PLC
BP. BP P.L.C.
CGG CGG
ENOG ENERGEAN PLC
VK VALLOUREC SA
ERF EUROFINS SCIENTIFIC SOCIETE EUROPEENNE
TE TECHNIP ENERGIES NV
FUR FUGRO NV
SHEL SHELL PLC
SPM SAIPEM S.P.A.
TEN TENARIS S.A.
- Ahmed Ben Salem
- Baptiste Lebacq
- Thijs Berkelder
ODDO : Trump / Biden: Drill Baby Drill vs IRA? Not such a clear-cut eq...
>Elections for the no.1 oil producer on 5 November - The first debate between Trump and Biden on CNN last week did not address the questions/challenges surrounding energy. At the end of this very unique year (almost half of the global population will go to, or has already been to, the ballot box), all eyes will be on the US elections (5 November 2024), a country that has become the world’s no.1 oil producer (production growth of 19% under the Biden mandate, see char...
FP TOTAL SE
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
SLB.N SCHLUMBERGER NV
GTT GAZTRANSPORT & TECHNIGAZ SA
SBMO SBM OFFSHORE NV
EURN EURONAV NV
PGS PGS ASA
ENI ENI S.P.A.
P2F PETROFAC LIMITED
REP REPSOL SA
SOC SUBSEA 7 S.A.
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
TRE TECNICAS REUNIDAS SA
DR0 DEUTSCHE ROHSTOFF AG
TEC TECHNIPFMC PLC
BP. BP P.L.C.
CGG CGG
ENOG ENERGEAN PLC
VK VALLOUREC SA
TE TECHNIP ENERGIES NV
FUR FUGRO NV
SHEL SHELL PLC
SPM SAIPEM S.P.A.
TEN TENARIS S.A.
- Ahmed Ben Salem
- Baptiste Lebacq
- Thijs Berkelder
ODDO : Trump / Biden : Drill Baby Drill versus IRA ? Une équation pas ...
>Elections chez le premier producteur de pétrole le 5 novembre - Le premier débat entre Trump et Biden qui s’est déroulé sur CNN la semaine dernière n’a pas abordé les questions/ enjeux énergétiques. En cette fin d’année si particulière (près de la moitié de la population mondiale passera ou est passée par les urnes), les yeux seront rivés sur les élections américaines (5 novembre 2024) qui est devenu le premier producteur mondial de pétrole (croissance de la product...
FP TOTAL SE
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
SLB.N SCHLUMBERGER NV
GTT GAZTRANSPORT & TECHNIGAZ SA
SBMO SBM OFFSHORE NV
EURN EURONAV NV
PGS PGS ASA
ENI ENI S.P.A.
P2F PETROFAC LIMITED
REP REPSOL SA
SOC SUBSEA 7 S.A.
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
TRE TECNICAS REUNIDAS SA
DR0 DEUTSCHE ROHSTOFF AG
TEC TECHNIPFMC PLC
BP. BP P.L.C.
CGG CGG
ENOG ENERGEAN PLC
VK VALLOUREC SA
TE TECHNIP ENERGIES NV
FUR FUGRO NV
SHEL SHELL PLC
SPM SAIPEM S.P.A.
TEN TENARIS S.A.
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