HAMILTON, Bermuda, Aug. 9, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE and OSE: "BORR") today announced certain preliminary unaudited results for the quarter ended June 30, 2024. The Company expects for the three months ended June 30, 2024: (i) total operating revenues of approximately $272 million, an increase of $38 million or 16% compared to the first quarter of 2024, (ii) operating income of approximately $104 million, an increase of $19 million or 23% compared to the first quarter ...

Core Viewpoint - Borr Drilling Limited is set to release its financial results for the second quarter of 2024 on August 14, 2024, after the close of the New York Stock Exchange [1]. Group 1: Financial Results Announcement - The earnings report and presentation will be accessible from the Investor Relations section of the company's website [1]. - A conference call and webcast are scheduled for August 15, 2024, at 15:00 CEST (9:00 AM New York Time) [2]. - Participants are encouraged to join the call 10 minutes early and can access the webcast through a provided link [2]. Group 2: Participation Details - Participants can register for the conference call via a specific registration link and will receive dial-in details [3]. - After the call, a replay stream will be available for participants to listen to the discussion [3]. - Contact information for inquiries is provided, specifically for Magnus Vaaler, CFO [3].

In Southeast Asia, the "Gunnlod" has received a binding Letter of Award from an operator in Malaysia. The award covers a firm scope of seven wells, with an anticipated duration of 210 days, and is expected to commence in November 2024. Chief Commercial Officer, Bruno Morand, commented: Hamilton, Bermuda 26 July 2024 Contact: https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---contracting-update,c4019012 HAMILTON, Bermuda, July 26, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) ( ...

It's a myth that low-priced stocks have weak fundamentals or are speculative. While there can be purely speculative ideas among low-priced stocks, there are also some high-quality bets. This column focuses on dividend stocks under $10 that are fundamentally strong and look undervalued. In my view, these dividend stocks are poised for 100% returns within the next 24 months. Additionally, I expect steady dividend growth as revenue and EBITDA increases in the coming years. It's worth mentioning here that the S ...

Even with macroeconomic headwinds, crude oil has increased by 15% year-to-date. The key reason for the rally is the likelihood of potential rate cuts in the coming quarters. I believe oil will likely remain in an uptrend, and energy stocks will be back in the limelight. This column focuses on three oil and gas stocks under $10 positioned to surge from undervalued levels. An important point to note is that rate cuts will translate into a weaker dollar. This results in a rally for risky asset classes like equ ...

Core Viewpoint - A combination of high-growth low P/E stocks can significantly enhance portfolio returns, especially when the market index is near all-time highs, making it crucial to identify undervalued stocks [1][2][3] Group 1: Miniso Group (MNSO) - Miniso Group has shown a sideways trend over the past 12 months, presenting an opportunity to accumulate the stock, which trades at a forward P/E of 14.5 and offers a dividend yield of 2.26% [5] - For Q1 2024, Miniso reported a revenue growth of 26% year-on-year to $515.7 million, with adjusted EBITDA increasing by 36.7% to $133.7 million, indicating strong top-line growth and EBITDA margin expansion [6] - The company plans to open 900 to 1,100 new stores annually from 2024 to 2028, aiming for a revenue CAGR of over 20%, which supports sustained growth despite macroeconomic challenges [7] Group 2: Borr Drilling (BORR) - Borr Drilling is identified as a high-growth low P/E stock, trading at a forward P/E of 11.2, with a dividend announcement of 10 cents per share for Q1 2024, reflecting a 100% growth in dividends [10] - The company reported an order intake of $300 million for Q1 2024, with 93% contract coverage for 2024 and 71% for 2025, providing strong revenue and cash flow visibility for the next 18 months [11] - Borr's adjusted EBITDA for last year was $351 million, with guidance for $525 million in 2024, supported by an increasing backlog and higher day rates [12] Group 3: Riot Platforms (RIOT) - Riot Platforms is considered a high-risk investment but has potential for over 2x returns if Bitcoin remains in an uptrend, trading at a forward P/E of 15.3 [14] - The company has a strong balance sheet with zero debt and a liquidity buffer of $1.3 billion as of Q1 2024, allowing for aggressive investments [15] - Riot reported a hash rate capacity of 12.5 EH/s in Q1 2024, with plans to increase it to 31.5 EH/s by year-end and a long-term target of 100 EH/s by 2027, ensuring sustained revenue and EBITDA growth [16]

AvigatorPhotographer Note: Last month, leading offshore driller Borr Drilling reported Q1/2024 results somewhat below estimates due to a combination of slightly lower-than-expected revenues and higher financial and tax expenses: Company Press Release / Regulatory Filings Adjusted EBITDA margin of 49.9% reached new all-time highs with the company outperforming peers handsomely: Company Press Releases Borr Drilling ended the quarter with unrestricted cash and cash equivalents of $282.7 million and $1,979 mill ...

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. HAMILTON, Bermuda, June 3, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (OSE: BORR) advises that the 2024 Annual General Meeting will be held on August 14, 2024. The record date for voting at the Annual General Meeting is set to June 7, 2024. The notice, agenda and associated material will be distributed prior to the meeting. Hamilton, Bermuda June 3, 2024 Questions should ...

Borr Drilling Limited (NYSE:BORR) Q1 2024 Earnings Conference Call May 23, 2024 9:00 AM ET Company Participants Patrick Schorn - Chief Executive Officer Magnus Vaaler - Chief Financial Officer Bruno Morand - Chief Commercial Officer Conference Call Participants Nikhil Bhat - J.P. Morgan Operator Good day and thank you for standing by. Welcome to the Borr Drilling Limited First Quarter 2024 Results Presentation Webcast and Conference. At this time, all participants are in listen-only mode. After the speaker' ...

Forward Looking Statement The Company provides guidance on expected Adjusted EBITDA, which is a non-GAAP financial measure. Management evaluates the Company's financial performance in part based on the basis of actual and expected Adjusted EBITDA, which management believes enhances investors' understanding of the Company's overall financial performance by providing them with an additional meaningful relevant comparison of current and anticipated future results across periods. Due to the forward-looking natu ...