Guten Tag liebe Mitleser hier im Thread, 'welch Ironie'
ich habe mir mal die Mühe gemacht und den Annual Report 2009 durchgelesen und ein bisschen über den Tellerrand recherchiert: "Lest es euch bei Gelegenheit mal ganz durch und jeder bildet seine eigene Meinung" =)
hugin.info/136936/R/1410856/363198.pdf
In 2009 Oceanteam has gone through a period of restructuring in which the Company has exited completely from the subsea power cable installation contracting business and refocused on the provision of construction support vessels, equipment rental and associated engineering services. The impact of the restructuring on the company in 2009 has been significant throughout the organisation and has strongly affected the 2009 financial results of the company.
ý okay hier sieht man sie machen was, restrukturieren sich und das hat sich so stark auf die financial results 2009 ausgewirkt.
Once the restructuring is fully completed Oceanteam is ready to service the next wave of increased demand for subsea work and services in both deep and shallow water, involving more advanced and heavier equipment. To do so the core activities of the company are to offer either jointly or separately its different services to strengthen the assets capabilities, retain know how and improve the company’s safety, quality and environmental performance.
ý Die Restrukturierung ist also noch nicht ganz abgeschlossen, aber sie sind schon bereit, falls die Nachfrage 2010 nach" offshore renewables", oil and gas, etc, wieder anzieht/anziehen sollte.
Was passiert 2010 und longer im Bereich "erneuerbare Energien" auf offener See? Hier einige Links und gute Einschätzungen:
www.erneuerbare-energien.de/inhalt/45926/4590/
www.bmu.de/erneuerbare_energien/kurzinfo/doc/3988.php ýBereich Windenergie
Interessanter Bericht:
www.unendlich-viel-energie.de/de/...nd-capacity-worldwide.html
www.4coffshore.com/windfarms/windfarmsNews.aspx
www.unendlich-viel-energie.de/de/...-vor-der-deutschen-os.html
ý Was ich damit sagen will ist, dass hier viel Geld investiert und "stetiges" Wachstum bis ca.2020 generiert wird. Die Seekabel müssen gelegt werden, die Offshore-Anlagen müssen gewartet werden. Hier sollte doch Oceanteam gut aufgestellt sein mit ihren "Vessels".
“CSV Bourbon Oceanteam 104” is due for delivery in the end of the second quarter of 2010 and is currently being completed in Vigo, Spain.
ý Hier kommt ein neues Schiff, welches ab dem 3 Quartal 2010 einsetzbar sein wird.
The high losses experienced in 2008 and 2009 due to contracting operations and restructuring processes can be considered for a large part fiscal losses and will therefore have a potential positive tax benefit in case future profits can be set off against these losses. This is still under investigation and will have a potential effect on the 2010 figures.
“CSV Bourbon Oceanteam 101” was on hire (long term charter until the fall of 2010) to BP in Angola.
ý Vielleicht braucht BP ja noch mehr Unterstützung von Oceanteam, wegen der derzeitigen Ölkatastrophe vor Mexiko. Ist ja nur so ein Gedanke, vielleicht zieht dann das Service-Geschäft an!
Oceanteam Mexico SA de CV operates fast support vessels “FSV Tiburon” and “FSV Mantaraya”. The vessels were operational as crew/supply boats and have performedmaccording to expectations.
Oceanteam’s pool of cable installation and burial equipment became operational and is renting out its equipment to parties in the subsea installation market.
ý Das Equipment wird betriebsfähig und wird an Verhandlungspartner vermietet.
Auch wichtig, wegen der Mexiko Öl Katastrophe:
Oceanteam’s joint venture oil and gas engineering company has developed successfully in 2009 and has been able to support Oceanteam with engineering services regarding mobilisations of vessels “CSV North Ocean 102”, “CSV North Ocean 103” and “CSV Bourbon Oceanteam 104” and other project services.
Broker fair value estimates for construction support vessels decreased during 2009 due to less favourable market circumstances. Already in Q1-2010 an important upturn of the vessel values has been experienced. The increases in vessel valuations will have a positive impact on the Company’s market value equity ratio.
ý Aufschwung bei der Nachfrage nach Wasserfahrzeugen! Auch zurückzuführen auf die steigende Nachfrage bei "Erneuerbaren Energien auf See" ebenso wahrscheinlich wegen der Ölkatatstrophe im Golf von Mexiko.
Wichtig:
Target clients of the company are Offshore Contractors, Oil Companies, NOC’s and other Ship Owners and Operators.
The geographical focus of the company is currently West Africa, Brasil, NWECS and Mexico.
Fast Support Vessels Oceanteam’s two Fast Support Vessels are Axe bow design with an ability to accommodate 75 people and light equipment. Both vessels are operational in Mexico.
Das wichtigste zum Schluss:
Market Outlook
During 2009 the markets Oceanteam operates in were impacted by the postponement of investments as a consequence of the credit crisis and the reduction of the oil price. During recent months however, investment activities in the different markets have recovered. As a consequence of the divergence between the oil and gas demand and themproduction predicted for the future, the oil and gas prices are forecast to increase further. Exploration and production activities are likely to increase, as will the demand for construction support vessel services. In certain regions, in particular Latin-America and West-Africa, exploration and production activities and the need for vessels and services are growing strongly.
In Western-Europe many wind mill parks have been delayed due to funding problems related to the credit crisis. In recent months an important number of initiatives have progressed. This will lead to increased demand for construction support
vessels and cable lay and burial equipment in the next years.
The construction of “CSV Bourbon Oceanteam 104” is fully financed except for the variation orders on the vessel.
Cash Flow
Net cash flow from operating activities amounted to EUR (42.5) million in 2009 against EUR 1.1 million in 2008. The large cash out mainly relates to the losses from the discontinued operations and a decrease of payables, both reflecting the restructuring of the Company. Net cash flow from investing activities was positive EUR 23.7 million in 2009 against minus EUR (138.0) million in the preceding year, reflecting the sale of “CSV North Ocean 103” and 50% of “CSV North Ocean 102”. Net cash flow from financing activities amounted to EUR 24.3 million in 2009, against EUR 91.8 million in the preceding year, related to the issuance of shares in the debt restructuring and net repayments of debt related to the sale of interests in “CSV North Ocean 103” and the “CSV North Ocean 102”. Net change in cash and equivalents was EUR 5.7 million in 2009.
Abwarten, ab wann hier gefördert werden kann:
www.teleboerse.de/nachrichten/meldungen/...-article377880.html
strom.idealo.de/news/...rdgas-vorkommen-vor-norwegen-entdeckt/
Ganz klar ist auch, dass der Ölpreis wierder anziehen sollte. Und das die Liquidität um das Unternehmen schlecht steht.
Ich hoffe ich konnte euch ein bisschen was aufzeigen =) Termin ist der nächste AGM am 27 Mai, also bis dahin.#
Lg
Bio