Aandeel SBM Offshore AEX:SBMO.NL, NL0000360618

quote:

ff_relativeren schreef op 7 februari 2014 22:54:

De financiele positie + free cash flow + bancaire faciliteiten zijn bekend ;

Geen positieve cashflow in 2014 en 2015
Met de presentatie van de Q4 en Y2013 cijfers heeft SBM Offshore aangegeven dat er voor 2014 en 2015 geen positieve cashflow verwacht wordt. Het is na te lezen in het SBM document onder het kopje Dividend ;

Dividend

The Management Board reiterates that the Company will not pay a dividend over 2013, in view of the losses incurred in 2011 and 2012 and the need to strengthen the balance sheet. The Management Board intends to discuss at the Annual General Meeting (AGM) in 2015 a change of dividend policy, making dividends dependent on available free cash flow as opposed to the existing policy of paying out 50% of IFRS net income. Given the on-going execution of the Group’s record project backlog, the Management Board does not expect positive free cash flow for 2014 or 2015. Following the 2015 Annual General Management meeting the Management Board intends to propose a payout ratio of between 25% and 35% of Directional1 net income subject to the availability of free cash flow.

bron : www.sbmoffshore.com/?press-release=sb...

Cash reserve en bankkredieten
Beschikbare bankfaciliteiten en de cash reserve zijn ook bekend, zie hetzelfde bron-document, onder het kopje Financial Review - Highlights ;

available committed bank facilities of US$1,234 million. Cash plus undrawn facilities amounted to US$1.4 billion at the end of December 2013 compared to US$2.0 billion in 2012..

Totale ruimte = dus 1,4 miljard US $, ofwel € 1,026 miljard.

Greetzzz