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Do You Believe in the Long-Term Growth Outlook of Tidewater (TDW)?
Yahoo Finance· 2025-10-09 11:21
Black Bear Value Partners, an investment management firm, published its third-quarter 2025 investor letter. A copy of the letter can be downloaded here. Black Bear Value Fund returned -7.1% in September and -1.0% in the quarter, and -12.7% YTD. The S&P 500 returned +3.6% September, +8.1% in the quarter, and +14.8% year-to-date. HFRI Value Index returned +1.3% in September, +5.9% in the quarter, and +13.7% year-to-date. In addition, please check the fund’s top five holdings to know its best picks in 2025. ...
Black Bear Value Partners Q3 2025 Letter
Seeking Alpha· 2025-10-09 06:00
Umnat Seebuaphan/iStock via Getty Images “May all your delulu come trululu.” – Gen-Alpha To My Partners and Friends: Black Bear Value Fund, LP (the “Fund”) returned -7.1% in September, -1.0% in the quarter and -12.7% year-to-date. The S&P 500 returned +3.6% in September, +8.1% in the quarter and +14.8% year-to-date. The HFRI Index returned +1.3% in September, +5.9% in the quarter and +13.7% year-to-date. We do not seek to mimic the returns of the S&P 500, and there will be variances in our performance. ...
Nasdaq Copenhagen A/S accepts delisting of Svitzer’s shares
Globenewswire· 2025-05-21 09:05
Core Viewpoint - Svitzer Group A/S has requested the delisting of its shares from Nasdaq Copenhagen, which has been accepted, with the last trading day set for May 22, 2025, due to a compulsory acquisition by APMHI Invest A/S starting May 23, 2025 [1][2]. Company Overview - Svitzer is a leading global provider of towage and marine services, assisting large vessels in maneuvering in and out of ports and terminals [4]. - The company operates approximately 450 vessels and serves around 2,000 customers across more than 140 ports and 40 terminals in 37 countries [4]. - Founded in 1833, Svitzer plays a crucial role in critical port infrastructure [4].
Request for delisting of Svitzer’s shares from Nasdaq Copenhagen A/S
Globenewswire· 2025-05-21 06:24
Core Viewpoint - APMH Invest A/S has successfully completed an all-cash voluntary recommended purchase offer to acquire all issued shares of Svitzer Group A/S, leading to a request for delisting from Nasdaq Copenhagen [1][2]. Company Overview - Svitzer is a leading global provider of towage and marine services, assisting large seaborne vessels in maneuvering in and out of ports and terminals. The company operates around 450 vessels and serves approximately 2,000 customers across more than 140 ports and 40 terminals in 37 countries [4]. Delisting Process - The delisting from Nasdaq Copenhagen is expected to be completed on Thursday, May 22, 2025, pending acceptance of the request [2]. - Following the delisting, APMHI plans to initiate a compulsory acquisition of shares held by remaining minority shareholders on Friday, May 23, 2025 [2]. - Further details regarding the compulsory acquisition will be provided once the delisting request is accepted [3].
Prosafe SE: First-quarter results 2025
Globenewswire· 2025-05-21 05:01
Core Viewpoint - Prosafe SE reported a decline in EBITDA for Q1 2025, but maintains high utilization of its fleet and is progressing on new contracts, indicating a focus on operational efficiency and future growth opportunities [1][3]. Financial Performance - EBITDA for Q1 2025 was USD 4.6 million, down from USD 7.2 million in the same period last year [1]. - Revenues decreased slightly to USD 33 million from USD 34 million year-over-year [4]. - Cash flow from operations improved to USD 28.4 million, compared to a negative USD 1.4 million in the previous year [4]. - Capital expenditures (Capex) increased significantly to USD 21.2 million from USD 1.7 million, attributed to the reactivation of vessels [4]. Operations and Contracts - The company had four active vessels during the quarter, with high utilization rates [1][3]. - Safe Notos was recently named the winner of a 4-year tender with Petrobras in Brazil, pending final contract [3]. - Safe Zephyrus has been extended with Petrobras until Q3 2027, and Safe Caledonia is reactivated for a UK contract starting June 1 [4]. Recapitalization and Financial Structure - A recapitalization plan has been agreed upon, equitizing USD 193 million of debt for 90% of the company's shares, supported by lenders [4]. - Existing shareholders will retain 5% ownership and have the option for an additional 5% at EUR 0.01 per share [4]. - The estimated post-recapitalization net debt is projected to be USD 220 million, with expected completion in Q3 2025 [4]. Market Outlook - Ongoing Petrobras tenders indicate strong market fundamentals in Brazil, while North Sea operators are planning future campaigns with a focus on 2027 and beyond [4]. - The increased backlog and improved market conditions position Prosafe for enhanced earnings in the future [4].
Reporting of transactions made by members of the Board of Directors or Executive Management or their Closely Associated Persons
Globenewswire· 2025-05-16 06:53
Group 1 - Svitzer Group A/S has received information regarding transactions made by members of its Board of Directors or Executive Management in connection with APMH Invest A/S' all-cash voluntary recommended purchase offer for all issued shares of Svitzer [1] - The offer excludes any Svitzer treasury shares and shares held by APMH Invest A/S, as detailed in the offer document published on April 2, 2025 [1] Group 2 - Svitzer is a leading global provider of towage and marine services, assisting large seaborne vessels in maneuvering in and out of ports and terminals [2] - The company operates approximately 450 vessels and serves around 2,000 customers in over 140 ports and 40 terminals across 37 countries [2] - Founded in 1833, Svitzer plays a crucial role in critical port infrastructure [2]