Tuesday, May 15, 2012

STX OSV conference

STX OSV conference key findings of the meeting are as below: 1) Mgt expects rev for FY12 to be within analyst consensus of approx. Nok11.3b this yr. But if grp are able to clinch more orderwins the next few weeks, this amt could be higher. 2) Expect Ebitda margins to range around these levels, of app. 14-15%. 3) Dividend payout policy still in-tact, to pay out at least 30% of earnings. 4) Still maintain positive outlook on the Specialized OSV sector. 5) Mgt would not disclose anything regarding a potential takeover, citing all other external reports abt potential bidders as rumours.

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