HOUSTON, Nov. 25, 2024 /PRNewswire/ -- Direct Digital Holdings, Inc. (Nasdaq: DRCT) ("Direct Digital Holdings" or the "Company"), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC ("Colossus SSP") and Orange 142, LLC ("Orange 142"), today announced that Keith Smith, Co-Founder and President, and Diana Diaz, Chief Financial Officer, will attend NobleCon20 - Noble Capital Markets' Twentieth Annual Emerging Growth Equity Conference at Florida Atlantic U ...

CULVER CITY, Calif., Nov. 22, 2024 (GLOBE NEWSWIRE) -- Snail, Inc. (Nasdaq: SNAL) (“Snail Games” or “the Company”), a leading, global independent developer and publisher of interactive digital entertainment, today announced that its Co-Chief Executive Officer, Tony Tian, and Chief Financial Officer, Heidy Chow, will present at NobleCon20 - Noble Capital Markets’ Twentieth Annual Emerging Growth Equity Conference at Florida Atlantic University, Executive Education Complex, in Boca Raton, FL, on Tuesday, Dece ...

BioHarvest Sciences to Participate in Noble Capital Markets Emerging Growth Conference on December 3, 2024November 21, 2024 8:30 AM EST | Source: BioHarvest Sciences Inc.Vancouver, British Columbia and Rehovot, Israel--(Newsfile Corp. - November 21, 2024) - BioHarvest Sciences Inc. (NASDAQ: BHST) (CSE: BHSC) (FSE: 8MV0) ("BioHarvest" or the "Company"), a company pioneering its patented Botanical Synthesis technology platform, today announced that management has been invited to attend the Noble ...

NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Intelligent Bio Solutions Inc. (Nasdaq: INBS) (“INBS” or the “Company”), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today announced that its management team will present at the upcoming Noble Capital Markets’ 20th Annual Emerging Growth Equity Conference on December 3-4, 2024, in Boca Raton, FL. Noble Capital Markets’ 20th Annual Emerging Growth Equity ConferenceDates: December 3-4, 2024Location: Florida Atlantic Un ...

GRAND CAYMAN, CAYMAN ISLANDS, Silexion Therapeutics Corp. (NASDAQ: SLXN) (“Silexion” or the “Company”), a clinical-stage biotech developing RNA interference (RNAi) therapies for KRAS-driven cancers, today announced that the Company’s management will be attending and presenting at the Noble Capital Markets 20th Annual Emerging Growth Equity Conference taking place December 3-4, 2024, in Boca Raton, Florida. Ilan Hadar, Chief Executive Officer will deliver a company presentation titled “Transforming Cancer C ...

I only buy strong businesses. I only buy them when they're cheap. Backgrounds in economics, philosophy, government, data. I started my investing journey with a fairly concentrated portfolio of Canadian dividend payers in the telecom, pipeline and banking industries. I have moved forward through different industries including payments, US regional banking, Chinese and Brazilian equities, REITs, technology companies and a few other emerging market opportunities, as well as microcap through to megacap range. I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________________________________________________ FORM 10-Q _____________________________________________________________________________________________________ ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...

Financial Data and Key Metrics - Adjusted EBITDA for Q3 2024 was $291 million, up from $271 million in Q2 2024 [12] - Free cash flow for Q3 2024 was $165 million, including approximately four weeks of contribution from the Diamond acquisition [12] - Contract drilling services revenue for Q3 2024 totaled $764 million, up from $661 million in Q2 2024 [26] - Adjusted EBITDA margin for Q3 2024 was 36% [27] - Cash flow from operations was $284 million, and net capital expenditures were $119 million in Q3 2024 [27] - Total backlog as of November 5, 2024, stands at $6.2 billion, with $500 million scheduled for revenue conversion in the final eight weeks of 2024 and $2.6 billion for 2025 [28] Business Line Data and Key Metrics - The company achieved 4.8 rig years of additional backlog for four drillships working with ExxonMobil in Guyana, extending visibility through August 2028 [13] - The Ocean Endeavor booked an additional 130 days for Shell in the UK North Sea, with options extending through July 2025 [13] - The BlackRhino was awarded a six-month contract in the Gulf of Mexico at a day rate slightly below $500,000, set to commence in Q1 2025 [13] - The Faye Kozack set a new pre-salt drilling record in Brazil, and the Discoverer successfully drilled its first well for Petrobras in Colombia [14] - The Ocean GreatWhite resumed its contract with BP in the UK, expected to continue through April 2025 [15] - The BlackLion and Deliverer moved to higher day rate contracts in the mid-to-high $400,000 range during the quarter [15] Market Data and Key Metrics - Global demand for floaters remains high, with over 100 rig years of demand from tenders and pre-tenders [17] - 26 ultra-deepwater rig years were contracted in Q3 2024, a 20% increase over Q2 2024 [18] - 56% of the total marketed fleet is committed for 2025, with 59% of marketed floaters and 75% of tier-1 drillships contracted for 2025 [19] - Jack-up fleet utilization improved from 77% in Q2 to 83% in Q3 2024, with 11 of 13 rigs contracted at an average day rate of $145,000 [23] Company Strategy and Industry Competition - The acquisition of Diamond Offshore, completed on September 4, 2024, added $2 billion to backlog and created a fleet of 41 rigs, including the largest fleet of seventh-generation dual-BOP drillships [9] - The company is on track to achieve $100 million in synergies from the Diamond acquisition, with 75% expected to be captured within one year of closing [28] - The company is focused on maximizing capital returns to shareholders, with $800 million returned through dividends and buybacks since the Maersk Drilling combination in Q4 2022 [11] - The company expects a reduction in CapEx by 25%-30% in 2025, providing a free cash flow tailwind [33] Management Commentary on Operating Environment and Future Outlook - The company remains constructive on the multi-year fundamental outlook, with optimism for a demand uptick in late 2025 and early 2026 [18][36] - The company expects a flat EBITDA run rate in the first half of 2025, with a potential step-up in the second half of 2025 [31][36] - The company is actively negotiating contracts that could drive an inflection in backlog and EBITDA potential in the second half of 2025 [21][31] - The company is monitoring customer budget allocations for 2025, with early indications of higher offshore spending [36] Other Important Information - The company has elected not to stack any rigs at this time but may stack one or more sixth-generation units if demand does not materialize as expected [22] - The company is focused on maintaining a strong balance sheet and returning excess free cash flow to shareholders through dividends and share repurchases [33][48] Q&A Session Summary Question: Outlook for the first half of 2025 and potential rig stacking [38] - The company acknowledges white space in the first half of 2025 due to customer capital discipline and delayed FPSOs but remains optimistic about a rebound in rig demand by late 2025 and 2026 [39][40] - The company may stack sixth-generation rigs if demand does not materialize but does not anticipate dramatic measures for seventh-generation rigs [42] Question: Magnitude of EBITDA inflection in the second half of 2025 [45] - The company expects a significant inflection in EBITDA in the second half of 2025, with Q3 2024 combined EBITDA (including Diamond) at $350 million as a reference point [46] Question: Capital allocation and debt management [48] - The company is comfortable with its current capital structure and plans to continue returning capital to shareholders through dividends and share repurchases [48] Question: Jack-up fleet strategy and potential divestitures [49] - The company has no urgency to divest non-core jack-up rigs but will consider strategic moves if they align with shareholder interests [50] Question: Cost savings from rig stacking [51] - The company outlined a sliding scale of cost savings, with operating costs potentially reduced to $40,000-$50,000 per day before cold stacking [52] Question: Geographic opportunities and market outlook [54] - The company sees opportunities globally, with a focus on the Golden Triangle (South America, West Africa, and the Gulf of Mexico) and expects growth in regions like Suriname, Namibia, and Mozambique [55][56] Question: Synergies from the Diamond acquisition [59] - The company sees potential to exceed the $100 million synergy target from the Diamond acquisition, similar to the Maersk transaction [59] Question: Outlook for the Developer rig [63] - The Developer rig is currently idle, with operating costs around $100,000 per day, and the company is exploring opportunities for late 2025 and 2026 [64][65] Question: Demand for Globetrotter rigs [67] - The company is in active conversations for well intervention work for both Globetrotter rigs, primarily in the U.S. Gulf, but may adjust if demand shifts [68]

| --- | --- | |-----------------------------------------------------------------------------------------|-------| | | | | | | | Noble Corporation plc Third Quarter 2024 Earnings Conference Call November 6, 2024 | | Disclaimer Forward-Looking Statements This communication includes "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, as amended. All statements other than statements of historical facts included in this communication are forwa ...

Noble Corporation PLC (NE) came out with quarterly earnings of $0.58 per share, missing the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.87 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -36.96%. A quarter ago, it was expected that this company would post earnings of $0.61 per share when it actually produced earnings of $0.72, delivering a surprise of 18.03%.Over the last four quarters, the com ...