2025 Q3 -tulosraportti
95 päivää sitten
‧37 min
0,6361 NOK/osake
Viimeisin osinko
6,77%Tuotto/v
Tarjoustasot
Oslo Børs
Määrä
Osto
873
Myynti
Määrä
12 871
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 1 | - | - | ||
| 282 | - | - | ||
| 313 | - | - | ||
| 288 | - | - | ||
| 85 | - | - |
Ylin
51VWAP
Alin
50,6VaihtoMäärä
0,3 5 120
VWAP
Ylin
51Alin
50,6VaihtoMäärä
0,3 5 120
Välittäjätilasto
Dataa ei löytynyt
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2025 Q4 -tulosraportti 27.2. |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q3 -tulosraportti 14.11.2025 | ||
2025 Q2 -tulosraportti 28.8.2025 | ||
2025 Q1 -tulosraportti 2.6.2025 | ||
2024 Q4 -tulosraportti 27.2.2025 | ||
2024 Q3 -tulosraportti 15.11.2024 |
Asiakkaat katsoivat myös
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
·1 päivä sitten · MuokattuOff-book trading last week was about 3 million shares. Of these 3 million, 600,000 were probably Cobas the buyer on Monday. This leaves 2.4 million from last week's trading, which we can speculate about who the buyer is. If we keep track of the numbers here, Cobas must make a new disclosure when they pass 20 %, if it is they who are accumulating. They were at 15.3 % on Monday. A new 4.7 % amounts to 8.7 million shares. This means, assuming that Cobas bought the 2.4 million shares last week that were not bought on Monday, that they have 6.3 million left before a disclosure must be made. As a matter of mathematical curiosity, I see from the disclosure report that Cobas bases its calculation on total issued shares, and does not take into account that BWO owns almost four million of its own shares. As I have understood the disclosure rules, the company's holding of its own shares will affect when the thresholds are reached. In that sense, in my assessment, Cobas reached the disclosure limit earlier than they reported. There are 181.2 million shares that the company does not own itself. The thresholds for disclosure must be based on this number. What I am stating here as a basis, means that Cobas must disclose when they pass 36.25 million shares. They owned 28.3 million shares on Monday, and PERHAPS bought 2.4 million shares from Tuesday to Friday last week. In that case, they now own 30.7 million shares, and then only need 5.5 million more before they must disclose again.
·18 t sittenPerhaps some arbitrage funds are positioning themselves? Sellers are perhaps funds that want to reduce risk ahead of a decision.- ·1 päivä sittenI'm sticking my neck out here, attempting to summarize some observations. These are just loose thoughts from someone who is not an expert, and I try to think in probabilities rather than definitive conclusions. First, a couple of obvious things: BW Group is a long-term industrial owner, and they don't have to sell. They have a functioning industrial platform, and BWO is one of the few pure-play FPSO companies that has survived the cycle since the construction boom around 2005–2014. This is no longer a market where it's easy to establish oneself, neither technically, commercially, nor financially. At the same time, The Carlyle Group is unlikely to pay an exorbitant price. They recently acquired Altera Infrastructure's FPSO portfolio, and the rationale will probably be to build a larger platform over time. For that to make sense, they must realistically be able to achieve a satisfactory IRR on equity, which naturally sets an upper limit for what they can pay. Then we have Cobas Asset Management, which has continued to be a buyer around the 50 kr level. They are not known for short-term trading but invest based on underlying value and asymmetry. The fact that they are still buying may indicate that they see a probability-weighted value that is higher than today's price, although this, of course, provides no guarantee of the outcome. I also don't believe they will sell the FPSO part separately and be left with Ideol and remaining small projects. I assume all or nothing, possibly a JV where only BWG and Carlyle remain. The latter could actually be a possibility. BWG and Carlyle redeem the minority shareholders and make an ownership distribution among themselves. BWG would then participate in a growth platform based on Carlyle's FPSOs, which they bought from Altera Infrastructure Group, and BWO's own FPSO. Standard PE thinking would then be to make several bolt-on acquisitions, based on the value of the equity and the use of this as currency for new acquisitions. Regarding Bay du Nord, in my view, this primarily appears as an option value as of today. The value only materializes if the project receives a final investment decision and BWO is actually awarded an FPSO contract. It therefore seems reasonable that the market only prices in a limited part of this potential upside now. I also believe it's important to distinguish between book value and economic value. The stand-alone value can realistically be below book equity, as the value in practice is determined by discounted future cash flows and residual value – not historically invested capital. At the same time, the replacement cost for new FPSOs is significantly higher today than when many of BWO's units were built. Increased construction costs, limited yard capacity, and long delivery times mean that existing operational units can have a strategic value that is not necessarily fully reflected in book figures or in today's share price. In my view, this provides some structural support in the long term, even if it doesn't automatically lift the equity value here and now. If no deal is reached, I would assume that the price will fall back somewhat, as today's level probably contains a certain M&A optionality. A pure stand-alone valuation could then be somewhat lower than today's price, perhaps in the low to mid-40s range, depending on how the market assesses contract length, debt, and future projects. With that as a backdrop, I try to think explicitly in probabilities. My rough assessment as of today is approximately: 35 % probability that no transaction occurs within 12 months 30 % probability of a bid around ~70 kr 25 % probability of a bid around ~85 kr 10 % probability of a more aggressive outcome around ~100 kr This gives a probability-weighted value in the high-60s range per share. This is, of course, uncertain, and small changes in probabilities lead to large swings, but with a price around 50 kr, this still implies a positive expected value as I see it. This is only a personal assessment based on publicly available information and an attempt to structure uncertainty in an orderly manner. I have no insight into any negotiations and can, of course, be wrong.
·3 päivää sittenWith this, I wish to commend the writers on the BWO thread. I participate myself now and then (not so much on this thread, but I do read here, and learn). Many engaged and knowledgeable contributors here, with informative and serious comments. Kudos. I myself own a few thousand BWO shares, where the first ones were bought 21/9 2010. Since then, there have surely been hundreds of smaller buy and sell transactions to the delight of Netfonds, then Nordnet. Nevertheless, I have never gone in-depth into this favorite as many of you on the thread have done. Btw, the 1000 shares in 2010 cost me NOK 9849,- according to the Netfonds history :-)
·3 päivää sittenIs it exciting to trade stocks? Yes, being a participant when, for example, a listed company is in play, is very rewarding and exciting. Others I know show little understanding, they call what we do dangerous. That's their business.·3 päivää sitten · MuokattuPeople who take risk must have peace to work. It has been a long time since I have experienced panicked people around me - I assume it shines through that I have reasonable control, even though I do not know how far the journey takes me.·3 päivää sitten · MuokattuThanks, that was a nice comment.- ·3 päivää sitten · MuokattuIt seems like the off-book trades continue. Volume registered on Oslo Stock Exchange's pages is 550,000 higher than here. If it's Cobas that continues to hoard shares, they need around 9 million shares from Monday before they have to flag passing 20 %. So far, approximately 1.6 million shares have been traded off-book if we disregard Monday's trade of 600,000.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
2025 Q3 -tulosraportti
95 päivää sitten
‧37 min
0,6361 NOK/osake
Viimeisin osinko
6,77%Tuotto/v
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·1 päivä sitten · MuokattuOff-book trading last week was about 3 million shares. Of these 3 million, 600,000 were probably Cobas the buyer on Monday. This leaves 2.4 million from last week's trading, which we can speculate about who the buyer is. If we keep track of the numbers here, Cobas must make a new disclosure when they pass 20 %, if it is they who are accumulating. They were at 15.3 % on Monday. A new 4.7 % amounts to 8.7 million shares. This means, assuming that Cobas bought the 2.4 million shares last week that were not bought on Monday, that they have 6.3 million left before a disclosure must be made. As a matter of mathematical curiosity, I see from the disclosure report that Cobas bases its calculation on total issued shares, and does not take into account that BWO owns almost four million of its own shares. As I have understood the disclosure rules, the company's holding of its own shares will affect when the thresholds are reached. In that sense, in my assessment, Cobas reached the disclosure limit earlier than they reported. There are 181.2 million shares that the company does not own itself. The thresholds for disclosure must be based on this number. What I am stating here as a basis, means that Cobas must disclose when they pass 36.25 million shares. They owned 28.3 million shares on Monday, and PERHAPS bought 2.4 million shares from Tuesday to Friday last week. In that case, they now own 30.7 million shares, and then only need 5.5 million more before they must disclose again.·18 t sittenPerhaps some arbitrage funds are positioning themselves? Sellers are perhaps funds that want to reduce risk ahead of a decision.
- ·1 päivä sittenI'm sticking my neck out here, attempting to summarize some observations. These are just loose thoughts from someone who is not an expert, and I try to think in probabilities rather than definitive conclusions. First, a couple of obvious things: BW Group is a long-term industrial owner, and they don't have to sell. They have a functioning industrial platform, and BWO is one of the few pure-play FPSO companies that has survived the cycle since the construction boom around 2005–2014. This is no longer a market where it's easy to establish oneself, neither technically, commercially, nor financially. At the same time, The Carlyle Group is unlikely to pay an exorbitant price. They recently acquired Altera Infrastructure's FPSO portfolio, and the rationale will probably be to build a larger platform over time. For that to make sense, they must realistically be able to achieve a satisfactory IRR on equity, which naturally sets an upper limit for what they can pay. Then we have Cobas Asset Management, which has continued to be a buyer around the 50 kr level. They are not known for short-term trading but invest based on underlying value and asymmetry. The fact that they are still buying may indicate that they see a probability-weighted value that is higher than today's price, although this, of course, provides no guarantee of the outcome. I also don't believe they will sell the FPSO part separately and be left with Ideol and remaining small projects. I assume all or nothing, possibly a JV where only BWG and Carlyle remain. The latter could actually be a possibility. BWG and Carlyle redeem the minority shareholders and make an ownership distribution among themselves. BWG would then participate in a growth platform based on Carlyle's FPSOs, which they bought from Altera Infrastructure Group, and BWO's own FPSO. Standard PE thinking would then be to make several bolt-on acquisitions, based on the value of the equity and the use of this as currency for new acquisitions. Regarding Bay du Nord, in my view, this primarily appears as an option value as of today. The value only materializes if the project receives a final investment decision and BWO is actually awarded an FPSO contract. It therefore seems reasonable that the market only prices in a limited part of this potential upside now. I also believe it's important to distinguish between book value and economic value. The stand-alone value can realistically be below book equity, as the value in practice is determined by discounted future cash flows and residual value – not historically invested capital. At the same time, the replacement cost for new FPSOs is significantly higher today than when many of BWO's units were built. Increased construction costs, limited yard capacity, and long delivery times mean that existing operational units can have a strategic value that is not necessarily fully reflected in book figures or in today's share price. In my view, this provides some structural support in the long term, even if it doesn't automatically lift the equity value here and now. If no deal is reached, I would assume that the price will fall back somewhat, as today's level probably contains a certain M&A optionality. A pure stand-alone valuation could then be somewhat lower than today's price, perhaps in the low to mid-40s range, depending on how the market assesses contract length, debt, and future projects. With that as a backdrop, I try to think explicitly in probabilities. My rough assessment as of today is approximately: 35 % probability that no transaction occurs within 12 months 30 % probability of a bid around ~70 kr 25 % probability of a bid around ~85 kr 10 % probability of a more aggressive outcome around ~100 kr This gives a probability-weighted value in the high-60s range per share. This is, of course, uncertain, and small changes in probabilities lead to large swings, but with a price around 50 kr, this still implies a positive expected value as I see it. This is only a personal assessment based on publicly available information and an attempt to structure uncertainty in an orderly manner. I have no insight into any negotiations and can, of course, be wrong.
- ·3 päivää sittenWith this, I wish to commend the writers on the BWO thread. I participate myself now and then (not so much on this thread, but I do read here, and learn). Many engaged and knowledgeable contributors here, with informative and serious comments. Kudos. I myself own a few thousand BWO shares, where the first ones were bought 21/9 2010. Since then, there have surely been hundreds of smaller buy and sell transactions to the delight of Netfonds, then Nordnet. Nevertheless, I have never gone in-depth into this favorite as many of you on the thread have done. Btw, the 1000 shares in 2010 cost me NOK 9849,- according to the Netfonds history :-)
- ·3 päivää sittenIs it exciting to trade stocks? Yes, being a participant when, for example, a listed company is in play, is very rewarding and exciting. Others I know show little understanding, they call what we do dangerous. That's their business.·3 päivää sitten · MuokattuPeople who take risk must have peace to work. It has been a long time since I have experienced panicked people around me - I assume it shines through that I have reasonable control, even though I do not know how far the journey takes me.·3 päivää sitten · MuokattuThanks, that was a nice comment.
- ·3 päivää sitten · MuokattuIt seems like the off-book trades continue. Volume registered on Oslo Stock Exchange's pages is 550,000 higher than here. If it's Cobas that continues to hoard shares, they need around 9 million shares from Monday before they have to flag passing 20 %. So far, approximately 1.6 million shares have been traded off-book if we disregard Monday's trade of 600,000.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Oslo Børs
Määrä
Osto
873
Myynti
Määrä
12 871
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 1 | - | - | ||
| 282 | - | - | ||
| 313 | - | - | ||
| 288 | - | - | ||
| 85 | - | - |
Ylin
51VWAP
Alin
50,6VaihtoMäärä
0,3 5 120
VWAP
Ylin
51Alin
50,6VaihtoMäärä
0,3 5 120
Välittäjätilasto
Dataa ei löytynyt
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2025 Q4 -tulosraportti 27.2. |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q3 -tulosraportti 14.11.2025 | ||
2025 Q2 -tulosraportti 28.8.2025 | ||
2025 Q1 -tulosraportti 2.6.2025 | ||
2024 Q4 -tulosraportti 27.2.2025 | ||
2024 Q3 -tulosraportti 15.11.2024 |
2025 Q3 -tulosraportti
95 päivää sitten
‧37 min
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2025 Q4 -tulosraportti 27.2. |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q3 -tulosraportti 14.11.2025 | ||
2025 Q2 -tulosraportti 28.8.2025 | ||
2025 Q1 -tulosraportti 2.6.2025 | ||
2024 Q4 -tulosraportti 27.2.2025 | ||
2024 Q3 -tulosraportti 15.11.2024 |
0,6361 NOK/osake
Viimeisin osinko
6,77%Tuotto/v
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·1 päivä sitten · MuokattuOff-book trading last week was about 3 million shares. Of these 3 million, 600,000 were probably Cobas the buyer on Monday. This leaves 2.4 million from last week's trading, which we can speculate about who the buyer is. If we keep track of the numbers here, Cobas must make a new disclosure when they pass 20 %, if it is they who are accumulating. They were at 15.3 % on Monday. A new 4.7 % amounts to 8.7 million shares. This means, assuming that Cobas bought the 2.4 million shares last week that were not bought on Monday, that they have 6.3 million left before a disclosure must be made. As a matter of mathematical curiosity, I see from the disclosure report that Cobas bases its calculation on total issued shares, and does not take into account that BWO owns almost four million of its own shares. As I have understood the disclosure rules, the company's holding of its own shares will affect when the thresholds are reached. In that sense, in my assessment, Cobas reached the disclosure limit earlier than they reported. There are 181.2 million shares that the company does not own itself. The thresholds for disclosure must be based on this number. What I am stating here as a basis, means that Cobas must disclose when they pass 36.25 million shares. They owned 28.3 million shares on Monday, and PERHAPS bought 2.4 million shares from Tuesday to Friday last week. In that case, they now own 30.7 million shares, and then only need 5.5 million more before they must disclose again.·18 t sittenPerhaps some arbitrage funds are positioning themselves? Sellers are perhaps funds that want to reduce risk ahead of a decision.
- ·1 päivä sittenI'm sticking my neck out here, attempting to summarize some observations. These are just loose thoughts from someone who is not an expert, and I try to think in probabilities rather than definitive conclusions. First, a couple of obvious things: BW Group is a long-term industrial owner, and they don't have to sell. They have a functioning industrial platform, and BWO is one of the few pure-play FPSO companies that has survived the cycle since the construction boom around 2005–2014. This is no longer a market where it's easy to establish oneself, neither technically, commercially, nor financially. At the same time, The Carlyle Group is unlikely to pay an exorbitant price. They recently acquired Altera Infrastructure's FPSO portfolio, and the rationale will probably be to build a larger platform over time. For that to make sense, they must realistically be able to achieve a satisfactory IRR on equity, which naturally sets an upper limit for what they can pay. Then we have Cobas Asset Management, which has continued to be a buyer around the 50 kr level. They are not known for short-term trading but invest based on underlying value and asymmetry. The fact that they are still buying may indicate that they see a probability-weighted value that is higher than today's price, although this, of course, provides no guarantee of the outcome. I also don't believe they will sell the FPSO part separately and be left with Ideol and remaining small projects. I assume all or nothing, possibly a JV where only BWG and Carlyle remain. The latter could actually be a possibility. BWG and Carlyle redeem the minority shareholders and make an ownership distribution among themselves. BWG would then participate in a growth platform based on Carlyle's FPSOs, which they bought from Altera Infrastructure Group, and BWO's own FPSO. Standard PE thinking would then be to make several bolt-on acquisitions, based on the value of the equity and the use of this as currency for new acquisitions. Regarding Bay du Nord, in my view, this primarily appears as an option value as of today. The value only materializes if the project receives a final investment decision and BWO is actually awarded an FPSO contract. It therefore seems reasonable that the market only prices in a limited part of this potential upside now. I also believe it's important to distinguish between book value and economic value. The stand-alone value can realistically be below book equity, as the value in practice is determined by discounted future cash flows and residual value – not historically invested capital. At the same time, the replacement cost for new FPSOs is significantly higher today than when many of BWO's units were built. Increased construction costs, limited yard capacity, and long delivery times mean that existing operational units can have a strategic value that is not necessarily fully reflected in book figures or in today's share price. In my view, this provides some structural support in the long term, even if it doesn't automatically lift the equity value here and now. If no deal is reached, I would assume that the price will fall back somewhat, as today's level probably contains a certain M&A optionality. A pure stand-alone valuation could then be somewhat lower than today's price, perhaps in the low to mid-40s range, depending on how the market assesses contract length, debt, and future projects. With that as a backdrop, I try to think explicitly in probabilities. My rough assessment as of today is approximately: 35 % probability that no transaction occurs within 12 months 30 % probability of a bid around ~70 kr 25 % probability of a bid around ~85 kr 10 % probability of a more aggressive outcome around ~100 kr This gives a probability-weighted value in the high-60s range per share. This is, of course, uncertain, and small changes in probabilities lead to large swings, but with a price around 50 kr, this still implies a positive expected value as I see it. This is only a personal assessment based on publicly available information and an attempt to structure uncertainty in an orderly manner. I have no insight into any negotiations and can, of course, be wrong.
- ·3 päivää sittenWith this, I wish to commend the writers on the BWO thread. I participate myself now and then (not so much on this thread, but I do read here, and learn). Many engaged and knowledgeable contributors here, with informative and serious comments. Kudos. I myself own a few thousand BWO shares, where the first ones were bought 21/9 2010. Since then, there have surely been hundreds of smaller buy and sell transactions to the delight of Netfonds, then Nordnet. Nevertheless, I have never gone in-depth into this favorite as many of you on the thread have done. Btw, the 1000 shares in 2010 cost me NOK 9849,- according to the Netfonds history :-)
- ·3 päivää sittenIs it exciting to trade stocks? Yes, being a participant when, for example, a listed company is in play, is very rewarding and exciting. Others I know show little understanding, they call what we do dangerous. That's their business.·3 päivää sitten · MuokattuPeople who take risk must have peace to work. It has been a long time since I have experienced panicked people around me - I assume it shines through that I have reasonable control, even though I do not know how far the journey takes me.·3 päivää sitten · MuokattuThanks, that was a nice comment.
- ·3 päivää sitten · MuokattuIt seems like the off-book trades continue. Volume registered on Oslo Stock Exchange's pages is 550,000 higher than here. If it's Cobas that continues to hoard shares, they need around 9 million shares from Monday before they have to flag passing 20 %. So far, approximately 1.6 million shares have been traded off-book if we disregard Monday's trade of 600,000.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Oslo Børs
Määrä
Osto
873
Myynti
Määrä
12 871
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 1 | - | - | ||
| 282 | - | - | ||
| 313 | - | - | ||
| 288 | - | - | ||
| 85 | - | - |
Ylin
51VWAP
Alin
50,6VaihtoMäärä
0,3 5 120
VWAP
Ylin
51Alin
50,6VaihtoMäärä
0,3 5 120
Välittäjätilasto
Dataa ei löytynyt