Reach Subsea ASA logo

REACHo - Reach Subsea ASA Share Price

NOK1.8 0.1  5.3%

Last Trade - 23/10/20

Sector
Industrials
Size
Micro Cap
Market Cap £21.3m
Enterprise Value £30.9m
Revenue £45.7m
Position in Universe 1263rd / 1794
Bullish
Bearish
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Momentum
Relative Strength (%)
1m +19.0%
3m
6m
1yr
Volume Change (%)
10d / 3m
Price vs... (%)
52w High -6.74%
50d MA
200d MA
Growth & Value
12m Forecast Rolling Industry Market
Valuation (ttm) Industry Market
Margin of Safety
Qualifying GuruScreens
Financial Summary
Year End 31st Dec 2014 2015 2016 2017 2018 2019 2020E 2021E CAGR / Avg
311.2 634.4 327.5 360.2 675.3 508.5 448.3 425.3 +10.3%
-94.4
PEG
Profitability
ROA
%
%
Cashflow
Dividends
Balance Sheet
NFA
m
FINANCIAL BRIEF: : For the six months ended 30 June 2020, Reach Subsea ASA revenues increased 17% to NOK289.7M. Net loss applicable to common stockholders decreased 71% to NOK4.3M. Revenues reflect Oil&Gas segment increase of 96% to NOK269.2M. Lower net loss reflects Oil&Gas segment income increase of 94% to NOK12.4M. Basic Earnings per Share excluding Extraordinary Items increased from -NOK0.11 to -NOK0.03.
Health Trend(F-Score)
0 1 2 3 4 5 6 7 8 9
Bankruptcy Score(Z-Score)
Distress
Cautious
Safe
Earnings Manipulation Risk(M-Score)
Other Ratios
Recent History
Latest interim period vs. prior period Industry Market
3yr Compound Annual Growth Rate Industry Market
Graphical History

Revenue

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Net Income

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Normalised EPS

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PE Ratio Range

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Dividend Yield Range

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Analyst Forecasts
Price Target:
( below Price)
31st Dec 2020
31st Dec 2021
Est. Long Term Growth Rate: Net Profit
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EPS
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DPS
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Net Profit
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EPS
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DPS
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Consensus Estimate
1m Change
3m Change
Analyst Consensus
Strong Sell Sell Hold Buy Strong Buy
EPS 2019 /  2020
REACHo EPS Forecasts Unlock REACHo Revenue
Profile Summary

Reach Subsea ASA, formerly Transit Invest ASA, is a Norway-based company engaged in the supply of subsea services, such as inspection, maintenance and repair (IMR), survey, construction support, Roll-Over Valve (ROV) and decommissioning. The Company’s activities are divided into four business segments: Construction and installation, operates primarily within Engineering, Procurement, Installation and Commissioning (EPIC) contracts; IMR, which provides subsea infrastructure inspection, maintenance and repair of subsea assets, and module handling, among others; Survey and pipeline inspection, including three-dimensional (3D) seabed mapping and pipeline supervision; as well as Decommissioning, which is responsible mainly for project contracts. Its fleet comprises Edda Fonn, Dina Star, Surveyor, Supporter and Normand Reach. Furthermore, the Company is a parent of Reach Subsea AS.

Directors
Last Annual December 31st, 2019
Last Interim June 30th, 2020
Incorporated March 12, 1995
Public Since January 2, 1920
No. of Shareholders: n/a
No. of Employees: 95
Sector Industrials
Industry Freight & Logistics Services
Index
Exchange OMX Nordic Exchange Stockholm (Dual Listing)
Shares in Issue 143,546,008
Free Float (0.0%)
Eligible for
ISAs
SIPPs
REACHo Share Price Performance
Share Price
Bid - Ask
Low - High
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Day's Change
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Latest News for REACHo
Upcoming Events for REACHo
Frequently Asked Questions for Reach Subsea ASA
What is the Reach Subsea ASA share price?

As of 23/10/20, shares in Reach Subsea ASA are trading at NOK1.8, giving the company a market capitalisation of £21.3m. This share price information is delayed by 15 minutes.

How has the Reach Subsea ASA share price performed this year?

Shares in Reach Subsea ASA are currently trading at NOK1.8 and the price has moved by -51.31% over the past 365 days. In terms of relative price strength - which takes into account the overall market trend - the Reach Subsea ASA price has moved by -45.4% over the past year.

What are the analyst and broker recommendations for Reach Subsea ASA?

There are no analysts currently covering Reach Subsea ASA.

When will Reach Subsea ASA next release its financial results?

Reach Subsea ASA is scheduled to issue upcoming financial results on the following dates:

Interim results are scheduled for: 2021-06-30
What is the Reach Subsea ASA dividend yield?

Reach Subsea ASA does not currently pay a dividend.

Does Reach Subsea ASA pay a dividend?

Reach Subsea ASA does not currently pay a dividend.

When does Reach Subsea ASA next pay dividends?

Reach Subsea ASA does not currently pay a dividend.

How do I buy Reach Subsea ASA shares?

To buy shares in Reach Subsea ASA you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.

What is the market cap of Reach Subsea ASA?

Shares in Reach Subsea ASA are currently trading at NOK1.8, giving the company a market capitalisation of £21.3m.

Where are Reach Subsea ASA shares listed? Where are Reach Subsea ASA shares listed?

Here are the trading details for Reach Subsea ASA:

Country of listing: Sweden
Exchange: STO
Ticker Symbol: REACHo
What kind of share is Reach Subsea ASA?

Based on an overall assessment of its quality, value and momentum, Reach Subsea ASA is currently classified as a Style Neutral. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.

Is there a Reach Subsea ASA share price forecast 2020?

Shares in Reach Subsea ASA are currently priced at NOK1.8. At that level they are trading at 0.413% discount to the analyst consensus target price of 0.00.

Analysts covering Reach Subsea ASA currently have a consensus Earnings Per Share (EPS) forecast of -0.79868604 for the next financial year.

How can I tell whether the Reach Subsea ASA share price will go up?

An important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Reach Subsea ASA. Over the past six months, the relative strength of its shares against the market has been 57.41%. At the current price of NOK1.8, shares in Reach Subsea ASA are trading at 9.06% against their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.

What is the Reach Subsea ASA PE Ratio?

We were not able to find PE ratio data for Reach Subsea ASA.

Who are the key directors of Reach Subsea ASA?

Reach Subsea ASA's management team is headed by:

Sverre Mikkelsen - DRC
Anders Onarheim - VCH
Kare Lie - CHM
Birgitte Wendelbo Johansen - CFO
Morten Roth Stranden - OTH
Jostein Alendal - CEO
Sven Storesund - OTH
Inge Grutle - COO
Bjorg Mathisen Doving - OTH
Bard Hogheim - DSL
Knut Medhaug - OTH
Kristine Skeie - DRC
Ingunn Overeng Iveland - DRC
Who are the major shareholders of Reach Subsea ASA?

Here are the top five shareholders of Reach Subsea ASA based on the size of their shareholding:

North Energy ASA Holding Company
Percentage owned: 32.13% (46.1m shares)
Warren Wicklund Norge Mutual Fund
Percentage owned: 7.17% (10.3m shares)
Eika Kapitalforvaltning AS Investment Advisor/Hedge Fund
Percentage owned: 7.17% (10.3m shares)
Lie (Kåre Johannes) Individual Investor
Percentage owned: 5.27% (7.56m shares)
Alendal (Jostein & Tone) Individual Investor
Percentage owned: 3.85% (5.53m shares)
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