Mining Stock gravel Tuesday – Rokke company aloft – HegnarOnline Oslo Børs has remained in positive territory Tuesday, after rising 0.3 percent from the start.
The main index ended at 609.38, up 0.36 percent.
Oil prices above $ 97
The price of North Sea oil falling 0.45 percent to $ 96.76 a barrel. When the stock market closed Monday, the price was $ 96.74 a barrel.
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Statoil ended up 0.34 percent to 175.20 kroner.
Rokke considers exit from the stock rocket
Converto Capital Fund, which Kjell Inge Rokke-controlled Aker owns 99.8 percent, considering an exit from American Shipping Company ASA, which has risen 1,262 percent over the past two years.
Converto During the last week had conversations with a number of financial and industrial investors. It concluded, however, that potential strategic alternatives may create greater value than an exit from the company now.
You will now see the possibilities, including also public offering in the United States.
Converto think AMSC and AKPS is at a crossroads when it comes to opportunities.
– All options are open, said communications director Atle Kigen Aker, who is a major shareholder in both companies through Converto, TDN Finans Tuesday.
American Shipping rose today 3.74 percent to 47.20 dollars, while Aker Philadelphia Shipyard ended up 6.16 percent to 155 million.
– Sell AKSO , hold AKA
After former Aker Solutions has been split into two separate companies, Aker Solutions and Akastor, taking DNB Markets coverage of the two new shares respectively. a sale and a hold recommendation.
It appears from brokerage house’s morning report Tuesday.
– When it comes to Aker Solutions, we expect that a slowing growth in the order book within subsea, still pressure on earnings in the MMO business (maintenance, modifications and operations) and execution risk in the backlog will dampen price movements, it says.
DNB Markets has a target for Aker Solutions 54 million.
RS Platou Markets start while coverage of new Aker Solutions purchase recommendation and target price of NOK 90.
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When it comes Akastor, see DNB Markets in the long term a significant potential in connection with an M & A scenario, ie mergers and acquisitions.
Hold recommendation included a price target of 26 million.
AKSO eventually fell 2.07 percent to 64 million, while AKA ended up 0.54 percent to 25.85 dollars.
Yara on up
Liberum upgrades its recommendation on Yara International from hold to buy, according to TDN Finans.
Yara target in Fond Finance raised simultaneously from 302 to 334 dollars on higher estimates for the second half and in 2015.
The stock rose 1.22 percent to new 322.60 million in heavy trading. So far this year, the stock is up just under 24 percent.
Northland pleads creditors
Investment Director Stig Myrseth in Dovre Administration wrote in his latest weekly check that falling prices for iron ore may be the final nail in the coffin for Northland Resources.
In a stock exchange announcement Tuesday the company admits himself that the fall in prices, in addition to revised production targets, adding further pressure on liquidity.
Since the reorganization process was initiated In June, the benchmark price of iron ore, according to the message fell more than $ 15 per ton.
The stock fell today 7.76 percent to 1.07 million.
Records PGS
UBS upgrade Petroleum Geo-Services (PGS) from sales to neutral recommendation, but meglerhust cuts, however, the price target from 45 to 41 million.
The brokerage has noted the recent passage of fall shares and downward adjustments in market consensus, and cite this as the primary reasons for the change.
PGS step to end 5.58 percent to 40.70 dollars.
Seadrill Partners obtains 1.6 billion
Seadrill Partners announced Monday night that the previously announced private placement of eight million shares closed at a price of $ 30.68 per share (197.60 million). The company thus obtained in around 1.6 billion.
The company is partly owned by John Fredriksen’s Seadrill Ltd..
Seadrill Ltd ended down 0.4 percent to 172.30 kroner.
ståltro in English
Monday it was announced that manages Albert Collett in the Arctic Fund Management takes into English share in its ukeportefølje.
– People flying like never before, but we do not think either SAS or Norwegian earn money at the moment. Both offer airline market too much capacity and we believe that they must take some of this capacity. If they do, it will make sense, and consequently they can raise prices slightly, says Collett DN.
English rose in Dagg 1.54 percent to 224.10 kroner.
Northern Offshore vessels in operation again
Northern Offshore announced Monday night that the drillship “Energy Searcher”, which are operating in Nigeria, resumed normal operation on September 23.
Repairs were completed ahead of schedule.
The stock ended up 1.9 to 10.75 million.
Norwegian Hydro
Norwegian Hydro has been subject to some upward adjustments in the past, most recently by SEB, which jacked up the price target yesterday.
Tuesday reports Street Insider according TDN Finans Hydro-rival Alcoa Upgraded by Bank of America-Merrill Lynch (BoA -Do) from neutral to buy.
Classes aim jacked up from 16 to 18 dollars.
Hydro rose today 1.13 percent to 35.94 dollars.
EMAS ex dividend
EMAS Offshore Limited tops the list of losers with minus 17.34 percent to 5.10 million. The decline, however, is completely undramatic. The shares will be traded ex dividend of NOK 1.12 per share