|Bid||14.140 x 162000|
|Ask||14.165 x 728400|
|Day's Range||13.98 - 14.35|
|52 Week Range||8.70 - 19.85|
|Beta (3Y Monthly)||1.72|
|PE Ratio (TTM)||93.74|
|Earnings Date||Feb 4, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||0.40 (2.69%)|
|1y Target Est||2.25|
FT premium subscribers can click here to receive Due Diligence every day by email. Pernod Ricard, the French spirits group behind Absolut vodka and The Glenlivet whisky, doesn’t appear to be an obvious activist target. The eponymous Ricard family and their Belgian friends at Groupe Bruxelles Lambert (recall last week’s DD on Albert Frère) own 21.7 per cent of the shares and have more than 30 per cent of the voting rights.
The following are the top stories on the business pages of British newspapers. A wounded Theresa May limped home from a vote of no confidence on Wednesday after more than a third of Tory MPs rejected her leadership. More than 30,000 employees working for Dixons Carphone Plc are to be handed "at least" 1,000 pounds ($1,261.70) of shares in a boost for staff morale ahead of Christmas.
Faroe Petroleum (FPM.L) has struck a deal to swap Norwegian oil and gas assets with Equinor (EQNR.OL), in a move that could raise the price that hostile bidder DNO (DNO.OL) has to pay to secure the British energy company. While Faroe Petroleum's Chief Executive Graham Stewart said the deal had been in the works before Norway's DNO launched its 608 million pound offer last month and was not intended to stop the bid, analysts said it would make Faroe a more attractive takeover target. Faroe rejected DNO's 152 pence per share bid on Nov. 26, saying it significantly undervalued the Aberdeen-based firm.
DNO notes the announcement made by Faroe Petroleum today 5th December 2018, regarding a Norwegian Asset Swap with Equinor. "This is a significant deal for Faroe, and we need to understand it before making a judgement.
On 30 September 2018, DNO ASA (OB:DNO) announced its earnings update. Overall, analyst consensus outlook appear vastly optimistic, as earnings are expected to increase by more than twofold next year, Read More...
The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times Norwegian oil and gas company DNO ...
Britain's Faroe Petroleum (FPM.L) rejected a 608 million pound hostile bid by DNO (DNO.OL) on Monday, which it said substantially undervalued the Aberdeen-based firm. Norway's DNO (DNO.OL) which already owns 28 percent of Faroe, returned to the North Sea last year after years of expansion in the Middle East focusing on Iraqi Kurdistan, with the aim of growing via acquisitions and other investments. "We urge shareholders to reject DNO's opportunistic, unsolicited and inadequate offer," Faroe's Non-Executive Chairman John Bentley said.
European shares closed higher on Monday after new-found optimism on Italy's budget tug-of-war with Brussels lifted shares in Milan while speculation about further mergers and acquisitions in telecoms boosted stocks in the sector. A strong open on Wall Street amid expectations of blockbuster sales on the largest online shopping day of the year combined with a rebound in oil prices also helped indexes make gains across the board. The pan-European STOXX 600 climbed 1.2 percent and Italy's FTSE MIB (.FTMIB) led the way with a 2.8 percent jump.
(Reuters) - Faroe Petroleum (FPM.L) rejected a hostile bid from Norway's DNO (DNO.OL) on Monday, saying it substantially undervalued the company. Faroe said the company was worth substantially more than ...
DNO ASA, the Norwegian oil and gas operator, today announced the terms of an offer to be made by DNO ASA for the whole of the issued and to be issued share capital of Faroe Petroleum plc (other than the 105,247,866 Faroe Shares already held by DNO, representing 28.22 percent of Faroe`s issued share capital). The Offer will be 152 pence in cash for each Faroe Share, valuing Faroe`s existing issued and to be issued share capital at approximately £607.9 million.
A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. Recently, DNO ASA (OB:DNO) has started paying dividends to shareholders. Read More...
DNO ASA, the Norwegian oil and gas operator, today announced a rise in third quarter 2018 net profit to USD 63 million from operating revenue of USD 171 million on the back of solid production, regular export payments and higher oil prices. DNO received three monthly export payments totaling USD 164 million net to its 75 percent operated interest in the Tawke license in the Kurdistan region of Iraq. Operating revenue was up from USD 73 million in the third quarter a year earlier and USD 147 million in the preceding quarter in 2018.
This analysis is intended to introduce important early concepts to people who are starting to invest and want to start learning about core concepts of fundamental analysis on practical examples Read More...
U.S. oil firm Chevron (CVX.N) will become the first oil major to formally exit the Norwegian continental shelf (NCS) as it transfers its last stake in an exploration license, according to a government letter. Oil majors, including Exxon Mobil (XOM.N), BP (BP.L) and Shell (RDSa.AS), have scaled down their presence in Norway by selling or merging their assets in the mature region to focus on new growth opportunities elsewhere. Chevron is also seeking to sell assets in the British North Sea in order to focus on growing U.S. onshore shale production as well as the giant Tengiz field in Kazakhstan.
DNO ASA, the Norwegian oil and gas operator, today announced production at the Peshkabir field in the Kurdistan region of Iraq has ramped up to 50,000 barrels of oil per day (bopd), meeting the end-2018 target ahead of schedule and below budget. One of two recently completed wells, Peshkabir-7, is producing over 10,000 bopd from nine Cretaceous zones through temporary test facilities and exported. Further testing is underway, including test production of multiple producing zones.
** Coca-Cola Co said it bought Australia-based Organic & Raw Trading Co, known for its Mojo brand of kombucha tea, extending its push into healthier drinks. ** Nestle, Unilever, and Coca-Cola are among bidders for GlaxoSmithKline's Indian Horlicks nutrition business, expected to fetch more than $4 billion, four people familiar with the matter said. ** U.S.-based recreational vehicle maker Thor Industries has agreed to buy German family-owned peer Erwin Hymer Group in a deal valuing the company at 2.1 billion euros ($2.45 billion)including debt, Thor said.
LONDON (Reuters) - Faroe Petroleum (FPM.L) had a "constructive" meeting with DNO (DNO.OL) last week, Faroe's chief executive said on Tuesday, as DNO is widely expected to attempt a hostile takeover ...
Oslo, 13 September 2018 - DNO ASA, the Norwegian oil and gas operator, today held an Extraordinary General Meeting in Oslo at which 99.99 percent of the votes cast approved the resolution to distribute ...
Important news for shareholders and potential investors in DNO ASA (OB:DNO): The dividend payment of US$0.20 per share will be distributed to shareholders on 24 September 2018, and the stockRead More...
DNO ASA withdraws the request for an Extraordinary General Meeting to consider its representation on Faroe Petroleum plc`s board of directors and notes with deep disappointment Faroe Petroleum`s repeated peremptory and disdainful attitude to such representation for, and therefore greater engagement with, its largest shareholder. DNO requested a meeting of shareholders to seek suitable representation on the board of directors of Faroe Petroleum and to raise concerns and dismay about the wider governance culture and shareholder value strategies of a company in which DNO has made a very substantial investment.
DNO ASA (OB:DNO) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case of DNO,Read More...
Oslo, 23 August 2018 - An Extraordinary General Meeting of DNO ASA will be held on 13 September 2018 at 10:30 am Oslo time at Felix Conference Centre, Conference Hall Felix 2, Bryggetorget 3, Aker Brygge, ...
The funds will be shared by DNO and partner Genel Energy plc pro-rata to the companies` interests in the license. Separately, a payment of USD 5.99 million has been received net to DNO, representing three percent of gross Tawke license revenues during May, as provided for under the August 2017 receivables settlement agreement with the Kurdistan Regional Government. DNO operates and has a 75 percent interest in the Tawke license, which contains the Tawke and Peshkabir fields.