0RPI.IL - Saipem SpA
| Previous close | 1.2535 |
| Open | 1.2470 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's range | 1.2365 - 1.2520 |
| 52-week range | 0.5706 - 58.8400 |
| Volume | |
| Avg. volume | 7,664,054 |
| Market cap | 2.584B |
| Beta (5Y monthly) | 2.02 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.3200 |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 20 May 2013 |
| 1y target est | 49.40 |
ReutersSaipem aims to raise 750 million euros from asset sales
Italian energy services group Saipem aims to raise about 750 million euros ($796 million) from the partial sale of assets in its drilling business, CEO Alessandro Puliti said on Tuesday, citing shallow water vessels in particular. Saipem, in which energy group Eni and Italian state lender CDP own stakes, has pledged to sell assets worth 1.5 billion euros to strengthen its balance sheet after its profit warning in January 2022 sent its shares tumbling 30%. "We will deliver the remaining 750 million euros," Puliti said speaking at a post-result conference call.
ReutersSaipem to restart Mozambique LNG project for Total in July
Saipem has agreed to restart a liquefied natural gas (LNG) project in Mozambique for TotalEnergies in July, the chief executive of the Italian energy services group said on Tuesday. The project, which would be the first onshore development of a LNG plant in the African country, was frozen in 2021 due to security issues. "We expect to gradually restart the (Mozambique) project, according to the information received by our clients, starting from July this year," Saipem CEO Alessandro Puliti said during a call on the group's results for 2022.
ReutersSaipem shares drop, group says cannot explain why
Saipem does not have any information explaining Monday's share movements, a spokesman for the Italian energy contractor said, after the stock closed down 5.7%. More than 10% of the share capital of the group was traded on the Milan stock exchange, according to Refinitiv data. The stock hit a low of 1.3750 euros on Monday after rising last week to 1.5560 euros, the highest level touched since last summer, when it completed a large capital increase.
- Reuters
Saipem appoints energy industry veteran Puliti as CEO
Puliti, will also continue in his current role as general manager of the group, Saipem added. Before joining Saipem in February this year, Puliti spent three decades first at Agip and then its parent energy giant Eni, including as chief operating officer for natural resources and chief upstream officer.
ReutersSaipem confirms targets after return to core profit
Italy's Saipem on Wednesday confirmed its 2022 guidance and the targets in its business plan after the energy services group reported a first-half adjusted core profit of 321 million euros ($325 million). However, CEO Francesco Caio sounded a more upbeat note after a hefty profit warning earlier this year and said the company would stick to its objectives for 2022-25. "On the basis of these results, we look forward with confidence to the objectives for the year and for the plan," Caio said in a statement.
ReutersSaipem shares fall below issue price as banks prepare for stake sale
MILAN (Reuters) -Shares in Saipem on Friday tumbled below the issue price for new stock in a hyper-dilutive cash call that fell short of the 2 billion euro ($2.01 billion) target the Italian energy services firm sought from investors to shore up its finances. By 1000 GMT Milan-listed shares were down 26.5% at 0.86 euros, while Saipem sold its new shares at 1.013 euros each. The company said on Friday that underwriting banks had completed the purchase of new shares, worth almost 600 million euros, left unsold after it raised just 70.4% of the targeted amount in the capital increase.
ReutersBanks to mop up new Saipem shares for 592 million euros after cash call
MILAN (Reuters) -A pool of banks will have to buy shares worth almost 600 million euros in Saipem after a cash call by the Italian energy services firm fell short of the 2 billion euro target it was seeking from investors to shore-up its finances. Saipem on Thursday said it sold further new shares worth just 12.4 million euros ($12.41 million) following an auction of unexercised rights, after raising an initial 1.4 billion euros, or 70% of the targeted amount. The final take-up for the cash call rises to 70.4%, leaving banks with shares worth around 592 million euros to buy, Saipem said in a statement.
ReutersSaipem shares plunge after cash call falls short
MILAN (Reuters) -Shares in Italy's Saipem fell as much as 40% on Tuesday after investors subscribed for only 70% of its 2 billion euro cash call, signalling limited confidence in the turnaround plan for the Italian energy services group. Saipem said on Monday it had raised around 1.395 billion euros ($1.4 billion) at the closing of a hyper-dilutive capital increase launched last month as part of a plan to try to stabilise its finances and refocus its business after a surprise profit warning in January. A pool of banks has pledged to mop up any unexercised rights to guarantee the full amount of the capital increase is covered.
ReutersSaipem raises initial 1.4 billion euros in capital increase
MILAN (Reuters) -Italy's Saipem has raised around 1.395 billion euros ($1.4 billion) to stabilise its finances, the energy services group said on Monday, adding that investors subscribed around 70% of the new shares it was issuing in a cash call. Last month Saipem launched a 2 billion euro hyper-dilutive capital increase, which was open until Monday, as part of a plan to try to get back into the black and refocus its business after a surprise profit warning in January. A pool of banks has pledged to subscribe any unexercised rights to guarantee the full amount of the capital increase is covered.
ReutersSaipem's cash call wobbles as retail investors flee
MILAN (Reuters) -Retail investors dumped the rights to buy into a 2 billion euro ($2 billion) cash call at Italian energy services group Saipem on Tuesday, heightening risks for banks that agreed to mop up any unsold shares unless institutional buyers pick up the slack. Saipem is tapping investors in difficult markets after a shock profit downgrade in January driven by worsening margins on contracts. Joint global coordinators BNP Paribas, Citi, Deutsche Bank, HSBC, Intesa Sanpaolo, UniCredit and joint bookrunners ABN AMRO, Banca Akros, Santander, Barclays, BPER, Goldman Sachs, SocGen and Stifel have all agreed to guarantee the issue.
ReutersItaly's Saipem to appeal Algerian ruling, fine over Arzew contract
MILAN (Reuters) -Italian energy services firm Saipem said it would challenge Tuesday's decision by an Algerian court to uphold a previous ruling and fine against the company in a case centred around a natural gas contract. Saipem said in a statement the court of appeals of Algiers had ruled the company and some of its units obtained the Arzew contract with a higher price than warranted. Saipem said the upheld ruling had imposed fines and damages on Saipem and its units for an amount equivalent to 199 million euros ($209 million) at current exchange rates.
ReutersSaipem sees financial resources running out by Q1 2023 if capital hike fails
MILAN (Reuters) -Italy's Saipem said on Thursday it would have financial resources available for less than one year if its plans to raise capital did not go through. The Italian energy services group on Wednesday launched a 2 billion-euro ($2.10 billion) rights issue, which will start on June 27, as it strives to bolster its finances and refocus its business after a surprise profit warning in January. As part of the so-called Financing Package, Energy group Eni and Italy's State lender CDP, which control Saipem, have committed to subscribing 44% of the capital hike while banks had pledged to subscribe any unexercised rights up to 1.12 billion euros.
ReutersItaly's Saipem sets terms for cash call, shares drop 15%
Italian energy services group Saipem said on Wednesday it would launch a planned 2 billion-euro ($2.10 billion) rights issue from June 27 as it strives to bolster its finances and re-focus its business after a surprise profit warning in January. The group earlier this month announced the sale of its onshore drilling business to Britain's KCA Deutag (KCAD) for $550 million, also part of the turnaround plan.
- Reuters
Italy's Saipem sells onshore drilling business to KCA Deutag
MILAN (Reuters) -Italian energy services group Saipem has agreed to sell its onshore drilling business to Britain's KCA Deutag (KCAD) for $550 million, as it strives to bolster its finances and focus on offshore drilling. Asset sales and a 2 billion euros ($2 billion) new share issue are part of Saipem's efforts to fund a turnaround plan after it downgraded earnings by 1 billion euros in January. The surprise profit warning, linked to a sharp margin deterioration on some contracts, came just three months after Saipem had presented a new business plan.