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Last 20.00 NOK
Change Today 0.00 / 0.00%
Volume 0.0
As of 10:25 AM 07/20/15 All times are local (Market data is delayed by at least 15 minutes).

gc rieber shipping asa (RISH) Snapshot

Open
20.00 NOK
Previous Close
20.00 NOK
Day High
20.00 NOK
Day Low
20.00 NOK
52 Week High
08/8/14 - 42.00 NOK
52 Week Low
07/10/15 - 16.00 NOK
Market Cap
876.3M
Average Volume 10 Days
0.0
EPS TTM
-3.36 NOK
Shares Outstanding
43.8M
EX-Date
04/10/15
P/E TM
--
Dividend
0.50 NOK
Dividend Yield
2.70%
Current Stock Chart for GC RIEBER SHIPPING ASA (RISH)

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gc rieber shipping asa (RISH) Details

GC Rieber Shipping ASA designs, constructs, and develops specialized vessels in Norway, the Great Britain, Europe, and the United States. It operates through three segments: Subsea, Ice/Support, and Marine Seismic. The Subsea segment operates subsea vessels that are primarily used for the inspection, maintenance, and repair of subsea installations, as well as provides exploration and extraction services in the oil and gas industry. The Ice/Support segment operates vessels within ice/support, as well as crew vessels. The Marine Seismic segment operates 3D vessels, as well as manages offshore vessels for other owners. The company operates 14 advanced special purpose vessels, including 11 company owned vessels in the subsea, ice/support, and marine seismic markets. It also provides marine ship management and project development services. The company was founded in 1879 and is headquartered in Bergen, Norway. GC Rieber Shipping ASA is a subsidiary of GC Rieber AS.

Founded in 1879

gc rieber shipping asa (RISH) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: 2.8M NOK
Chief Financial Officer
Total Annual Compensation: 1.6M NOK
Chief Operating Officer
Total Annual Compensation: 370.0K NOK
Compensation as of Fiscal Year 2014.

gc rieber shipping asa (RISH) Key Developments

GC Rieber Shipping Enters into an Agreement with DNB Bank ASA, DVB Bank SE and Sparebank 1 SR-Bank for the Refinancing of Existing Loans on the Vessels

GC Rieber Shipping has entered into an agreement with DNB Bank ASA, DVB Bank SE and Sparebank 1 SR-Bank for the refinancing of existing loans on the vessels. DNB Bank ASA is the agent bank and the total loan is USD 135 million, of which USD 25 million is a revolving loan facility. The loan has a 6-year term with a 10-year profile. GC Rieber Shipping has further entered into an agreement with Nordea Bank Norge ASA, Sparebank 1 SR-Bank and Sparebanken Vest for the refinancing of existing loans on vessels. Nordea Bank Norge ASA is the agent bank and the total loan is USD 91.25 million, of which USD 21.25 million is a revolving loan facility. The loan has a 6-year term with a 12 year profile. As part of the refinancing, the company has terminated the credit facility of NOK 250 million with Handelsbanken. The new terms in the loan facilities will give GC Rieber Shipping annual savings in financial costs of approximately USD 1 million.

GC Rieber Shipping Takes Delivery of its New High-Capacity Seismic Vessel

GC Rieber Shipping has taken delivery of its seismic new-build Polar Empress from Kleven owned Myklebust Verft. The vessel is chartered on a five- year contract to Dolphin Geophysical. Polar Empress is a high-capacity 3D seismic vessel with ice-class 1A. The vessel is 113 meter long and 21.5 meter broad, and can accommodate 70 crew. With high pollard pull the vessel can efficiently tow up to 22 streamers. The vessel's propulsion system meets high redundancy requirements, and with CLEAN DESIGN certification the vessel exceeds the latest international environmental standards. The contract between GC Rieber Shipping and Kleven was signed in February 2013. GC Rieber Shipping's cost for the new vessel is about NOK 700 million.

GC Rieber Shipping ASA Announces Unaudited Consolidated Earnings Results for the First Quarter of 2015

GC Rieber Shipping ASA announced unaudited consolidated earnings results for the first quarter of 2015. For the quarter, total income was NOK 223,911,000 against NOK 167,939,000 a year ago. Operating profit was NOK 54,227,000 against NOK 41,217,000 a year ago. Loss before taxes was NOK 35,569,000 against income before income taxes of NOK 41,835,000 a year ago. Loss was NOK 36,263,000 against income of NOK 41,205,000 a year ago. Earnings and diluted loss per share was NOK 0.83 against earnings per share of NOK 0.94 a year ago. EBITDA was NOK 113,979,000 against NOK 75,857,000 a year ago. Net cash from operating activities was NOK 84,987,000 against NOK 99,174,000 a year ago. Acquisition of tangible fixed assets was NOK 28,400,000 against NOK 692,038,000 a year ago. EBIT was NOK 54.2 million against NOK 41.2 million a year ago.

 

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RISH Competitors

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Company Last Change
Far Eastern Shipping Co PLC 2.64 RUB 0.00
Farstad Shipping ASA 23.70 NOK 0.00
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Industry Analysis

RISH

Industry Average

Valuation RISH Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.0x
Price/Book 0.4x
Price/Cash Flow 21.1x
TEV/Sales NM Not Meaningful
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