Member Info for kulabkhan

Hallin Marine has teamed with GeoLab to win the vessel and ROV contract for the Pearl GTL project under development by Shell and Qatar Petroleum. Geolab has received a letter of intent from main contractor J. Ray McDermott Eastern Hemisphere Limited ‘JRMEHL’ in connection with the contract. GeoLab, the leading Italian based marine & survey contractor, partnered with Hallin Marine West Division to bid for the Pearl GTL Project in Qatar. The bid was submitted through GeoLab’s Middle-East Branch in Abu Dhabi (UAE). Under the terms of the contract GeoLab will provide a vessel and Hallin ROV support services for the Pearl GTL contract.

British Business of the Year Award 2008 and now Hallin Marine has been awarded the prestigious Ruban D’Honneur medal at the annual European Business Awards - the first subsea business to receive the honour. Hallin received the medal in the blue ribbon event category ‘European Business of the Year’ and had to demonstrate ‘excellence, exceptional financial returns, strong growth and innovative strategies, plus market leadership in its sector.’ More than 7,000 companies across Europe engaged in the awards and the 70 finalists employed more than 3.2 million people worldwide and had a combined turnover of more than €776 billion. Hallin director John Quinn collected the award from BBC and SKY TV presenter Adrienne Lawler at the glittering award ceremony in Rome. The latest success for Hallin follows the integrated services provider to the energy industries being named the UK’s Business of the Year in November last year. John Giddens, Hallin CEO, said: ‘This is a great honour for Hallin; not only is it recognition of our company’s achievement but will be seen as carrying the flag for the whole subsea industry. ‘Hopefully this award shows the wider business community across Europe what a great job oil and gas subsea contractors and operators do and will help raise the whole industry’s profile. ‘The Ruban D’Honneur accolade reflects all the qualities that constitute good business in E

Best in the sector. Winner of British Business of the Year Award 2008. Results outperform all other companies in the sector eg 2008 : Revenue US$139.9m plus 116% Operating Margin increased from 18.3 to 26.2% Earnings before tax and interest $41.1m up 178% Earnings per share increased from 25.1 cents to 77.6 cents. Investment in new equipment $46m Purchase of Prospect Flow Solutions Ltd. Gearing reduced from 59.4% to 30.8% Dividend Doubled to 2 pence per share. Operating Assets rose 51% from $64.6m to $97.6m Niche market, worldwide specialised subsea and offshore integrated operations Oil, Gas, Telecommunications, Nuclear and Defence. Centre of Operations in Singapore, Britain, the United States. Highly experienced hands on ex Royal Navy management and personel. Earnings in USDollars, Euros, Asian, Sterling. At P/e 2.7 on brink of share price explosion. Growth set to continue. P/e a low 2.7 !

Excellent Presentation 2008 and outlook : http://online.hemscottir.com/ir/hms/flash_2009/player.html or http://online.hemscottir.com/ir/hms/flash_2009/player.html

P/e around 3 Half that of it's peers and growing twice as fast. Hallin can only Break Out much higher now. It's the results that count.

Hallin Growing Fast Look at West Divisions report with ongoing high demand for all subsea work : "For western division, 2008 was a year of outstanding success. The division’s growth was remarkable, with sales of US$62 million, almost three times the level of those achieved in 2007, whilst managing to improve both gross and net margins."

Breaking out at last and about time for a share that is outperforming it's peers, in the offshore, subsea, oil, gas, telecommunications, nuclear sectors and almost every other share on the LSE if you study the figures and on a gross undervaluation P/e 2.2, turnover and dividend doubled, Net profit before tax and earnings per share tripled all with low gearing, long order book, contract gains and resillient niche markets

Exceptional Results and FinnCap reports "Full year results were better than expected. Of the $17.4m higher than forecast revenue 61% dropped through to profit. 2008 was an exceptional year and while some softer markets are likely, we still see Hallin as being well positioned in its markets, benefiting from long order books and the expansion of its operating asset base. The group is also likely to continue to benefit from sterling weakness. The shares remain lowly valued, and attractive in PER terms compared to its peers.
2008 results. Results were substantially above our estimates, largely due to higher turnover feeding through to a higher gross margin. Turnover increased 116% to $139.9m (vs Finncap $122.5m). The gross margin was particularly strong increasing from 29.6% to 34.1% (Finncap est 29%). Headline pre-tax profit at $35.4m increased 216%, (vs Finncap est of $24.8m). EPS at 77.61 cents, increased by 209% (vs Finncap 49.7cents). Net assets per share rose 46% to 236.3 cents. Net debt at $19.6m gives gearing of 30.8%. The dividend increased from 1p to 2p, better than expected.
Operational expansion. 2008 offered exceptional market opportunities for pricing, but much of the group’s growth has been through the expansion of its operating assets, for example the number of ROVs increased from 6 to 17, while maiden contributions were gained from recently acquired Prospect as well as the new manufacturing division."

Brilliant Results, another outstanding performance from Hallin in a speciality niche market subsea and offshore market, employing their own marine vessels, underwater vehicles, experience and expertise, which are in short supply, centered upon Singapore/Asia, UK, US and expanding successfully. Hallin Marine, the provider of subsea solutions to the oil and gas industry, announces record preliminary results in respect of the year ended 31 December 2008. Hallin has strong market positions in South East Asia, China, the UK, the Gulf of Mexico and India. Typically the projects undertaken comprise engineering design and analysis and the surveying, maintaining, repairing or installing of subsea equipment for the oil and gas industry. Highlights * Turnover and Dividend doubled, Net Profit and EPS trebled * Turnover increased 116.0% to US$139.9m * EBITDA increased 177.8% to US$41.2m * Net Profit after tax increased 213.4% to US$31.5m * Earnings per share increased 209.3% to 77.61 cents * Dividend increased 100% to 2p per share * Major increase in operating assets Tony Ebel, Chairman of Hallin Marine, said: "In the year in which Hallin celebrated its tenth anniversary we are pleased to report outstanding performance throughout the Group. We continue to feel very positive about Hallin's ability to weather the uncertainties of 2009 and to continue its history of growth."

Results tomorrow Hallin Marine Subsea International PLC will be releasing its Financial Results in 1 days time - 17/3/2009

17 March preliminary results expected to exceed market expectations.

Another huge contract win 12 February 2009 Hallin Marine, the AIM quoted subsea solutions provider to the oil and gas industry, announces that its new subsea operations vessel (SOV), the Ullswater, has won its first order and will commence the US$20 million contract immediately. The contract will see the Ullswater operate in the role of accommodation support vessel for offshore oil and gas owner/operator Shell Philippines Exploration B.V. (SPEX) into 2010 as part of the Malampaya shallow water platform maintenance programme. The 78 metre Ullswater is Hallin's new build, flagship vessel and has just successfully completed its sea trials following delivery from its construction docks in Batam, Indonesia. The vessel is now being mobilised to support the SPEX's programme and will operate in its dynamically positioned class two (DP2) mode and provide support and accommodation to the construction crews carrying out the platform maintenance programme. The contract is a firm charter hire with SPEX, which is a subsidiary of the Royal Dutch Shell Group, with potential to extend on location through 2010. Jon Attenburrow, Hallin's East Division's MD, said: "Hallin is pleased to receive the 2009 contract award from Shell Philippines Exploration B.V., which is part of one of the world's major operators. We look forward to a successful campaign ....

Outperformance 9 February 2009 Hallin Marine, the AIM quoted subsea solutions provider to the oil and gas industry, has completed the previously announced transaction involving the sale of its new vessel, the Ullswater, and commenced the 10 year long, bare boat charter of the ship. Due to construction delays at the shipyard, delivery of the vessel to Hallin has just taken place, some eight weeks later than planned. This has caused the transaction involving the sale and charter of the vessel to be delayed from December 2008 to February 2009. Therefore this transaction and the subsequent profit, estimated to be in excess of US $4 million, will now be included in the Company's 2009 trading year results, rather than, as anticipated, in the 2008 trading year results. Despite this Hallin still expects the results for the period ended 31 December 2008 to exceed market expectations. The Company's preliminary results for the year ending 31 December 2008 are expected to be announced on 17 March 2009 and the Company's annual report and accounts will be sent to shareholders by 31 March 2009

8 January 2009 The Company has been notified that Tony Prest, the Company's Finance Director, has today purchased 20,000 ordinary 1p shares in the Company at a price of 87 pence per share. As a result, Mr. Prest is now interested in 100,000 ordinary shares in the Company. This holding represents 0.24 per cent. of the Company's issued ordinary share capital.

Strong Growth at Hallin see: http://www.execdigital.co.uk/Energy/Hallin-Marine--“Successful,--planned-growth”_11549.aspx and http://edition.pagesuite-professional.co.uk/Launch.aspx?referral=other&refresh=s14NC8g05r1W&PBID=c0145693-08f0-4357-9e19-956dcedae8a2&skip=

Hallin's Vessel Success - US$4.8 Million Contract 25 November 2008 Hallin Marine, the AIM quoted subsea solutions provider to the oil and gas industry, announces it has been awarded a US$4.8 million contract for the provision of an anchor handling support vessel. Hallin, which was last week named the UK's Business of the Year at the National Business Awards, has already mobilised the dynamically positioned class two (DP2) AHSV Seacor Penrith to support the offshore 2008 drilling campaign for a major drilling contractor. The vessel will carry out anchor handling, towing and supply services in various offshore oil and gas fields. The technically advanced, 67 metre Seacor Penrith has on-board accommodation for 52 personnel and is fitted with a 20 tonne SWL active heave compensated subsea crane. The charter has already commenced and will run through to 31 December 2008, with potential options to extend into 2009.

Contract Awarded Hallin Awarded US$4.2 Million Diving Contract (Hallin Marine) Hallin Marine Subsea International plc HALLIN AWARDED US$4.2 MILLION DIVING CONTRACT 13 November 2008 Hallin Marine, the AIM quoted provider of subsea solutions to the oil and gas industry, announces it has been awarded a US$4.2 million contract for the provision of saturation diving services by J.Ray McDermott ("McDermott"). The Company will support the major offshore contractor's construction project off the coast of Malaysia for the 2009 season. Hallin Marine will mobilise a nine man saturation diving system to support McDermott's DB26 construction barge during the offshore pipeline installation campaign in the field for the ultimate client, Shell. This activity is part of the McDermott field development scope of works for SSB Malaysia, who are completing installation of the offshore platforms and interconnecting subsea pipelines. Hallin Marine's work scope will be primarily focussed on providing saturation diving system and specialist diving personnel to support the subsea construction activities in water depths of up to 100m. Work commences in February, 2009 and is expected to be completed by December, 2009, with potential options to extend thereafter.

Confident of further success. Quote : Hallin director John Quinn said: "Hallin is delighted to receive this award which bears testament to the immense amount of commitment and hard work put in by all the whole Hallin team and the results they have achieved! "It's great that a company from the oil and gas service sector has been chosen as the immense amount of excellent work the industry does and the first class contribution it makes to the UK and the world economies often goes unrecognized and undervalued. "It is important to remember at the current time and with the imminent recession all but upon us that there are lots of excellent companies like Hallin working very hard to ensure they continue to create sustainable growth and real jobs by developing and delivering cost effective services and solutions that clients really need. "We are confident that, while this award is a validation of Hallin's past performance, the future will be equally successful for our Company."

Hallin wins National Business Award On Tuesday 18th November the winners of The National Business Awards 2008 were announced at a glittering Awards Ceremony and Dinner attended by a number of the UK’s leading business figures alongside Peter Mandelson, Secretary of State for Business, Enterprise and Regulatory Reform and HRH The Earl of Wessex. Andrew Marr hosted the evening, which recognised the UK’s outstanding businesses and business people - with a total of 17 award category winners presented with a prestigious National Business Awards trophy. The National Business Awards 2008 winners The Badenoch & Clark Business of the Year Award Hallin Marine Subsea International

FinnCap maintains strong rating on Hallin (240p target) see hopefully : http://www.redtom.co.uk/research/morningmeetingnote-131108.pdf