RE: Seafox & Ithmar updates10 Mar 2019 14:55
I dont know much about SEAFOX.
I do know they are not controlled by shareholders.
I did find this.
Private equity firm NPM Capital is to sell its interest of 35% in Seafox Group to a consortium of foreign investors. Seafox Group is the parent company of Seafox Contractors and Workfox, subsidiaries that are active globally in the market for leasing and operating self-elevating jack-up units and support vessels for the offshore industry. The sale follows on from the recently announced merger between Seafox Group and Millennium Offshore Services. The new combination, which offers 12 ‘jack-up rigs’ (platforms) and 45 temporary accommodation units for offshore, is set to be the largest player in the world in this field.
NPM Capital, along with the Cordia and Van der Lely families, will transfer its shares to the new group of investors.
I thought it was now owned by cordia group. NOT SURE.
personally I think seafox is low balling the SP.
last thing you would want is a person positioned from a firm on a board who can be more opportunistic for someone else with your assets and keep them informed than you are for the shareholders'.
with SEAFOX not being listed the books dont need to be audited independently? figures or proposals may not be all that accurate.......soothing the board has tried to state I think.