Posts Tagged ‘METS Group’

Medserv plc - Interim Report

Thursday, May 3rd, 2018

On 30 April 2018, Medserv plc published an Interim Report providing an overview of the company’s performance during the first three months of the current financial year ending 31 December 2018 (compared to the performance of Q1 2017), forecasted revenue and EBITDA for all of 2018, as well as insights on the Group’s pipeline of […]

Medserv plc - Full-Year Results

Thursday, May 3rd, 2018

On 30 April 2018, Medserv plc published the results for the financial year ended 31 December 2017. Performance Overview During 2017, Medserv plc generated €28.8 million in revenues, representing a decline of 12.3% from the €32.8 million figure for the previous comparable period. This reflects both lower demand for services (including delays in drilling projects) […]

Medserv plc - METS: growth pillar for Medserv

Thursday, September 21st, 2017

Medserv convened a meeting with financial analysts last week to provide additional details on the interim financial results published on 23 August and also to update the market on the current business pipeline as well as opportunities in the months and years ahead. Following the diversification strategy adopted in recent years, the Medserv Group is […]

- The return of the euro

Thursday, July 27th, 2017

In last week’s article, I explained the impact on the international and local bond markets from recent monetary policy statements as well as political developments in the US. Naturally, these events also influenced the currency markets. As a start, it is worth recalling that currencies are valued against one another and therefore the performance of […]

- A comparison of the net debt to EBITDA across bond issuers

Thursday, May 25th, 2017

Over the past two weeks I published the return on equity league table and the dividend league table. The ROE and dividend yields are very important financial metrics for equity investors. From a bond perspective, other financial indicators are important to track at least on an annual basis once the various issuers publish their financial […]

Medserv plc - Challenging period for Medserv

Thursday, April 20th, 2017

On 5 April, Medserv plc published its 2016 financial statements as well as its updated Financial Analysis Summary which included the 2017 financial forecasts. Moreover, the UK-based research house, EDISON Investment Research, published an updated view on Medserv following these announcements. The 2016 results are reflective of the volatile industry in which Medserv operates as […]

Medserv plc - Updated Financial Analysis Summary

Thursday, April 6th, 2017

On 5 April, Medserv plc (“Medserv” or the “Group”) published an updated Financial Analysis Summary (“FAS”) providing an overview of the 2016 results, a comparison of the 2016 actual results with the forecasts published in the previous FAS, as well as the forecasts for the current financial year ending 31 December 2017. These are the […]

Medserv plc - Full-Year Results

Thursday, April 6th, 2017

On 5 April, Medserv plc (“Medserv” or “Group”) published its financial results for the year ended 31 December 2016. It is important to highlight that the 2016 financial results are not directly comparable with those of the previous year following the acquisition of Middle East Tubular Service Holdings Limited (“METS”) in February 2016. It is also […]

- A review of Q1 across the local capital markets

Thursday, March 30th, 2017

The first quarter of the year is already coming to an end today. It is therefore important to take stock of the developments across the local capital markets during the past three months. Overall, it was another positive quarter[1] for the local equity market as the MSE Share Index advanced by a further 2.1% and […]

Medserv plc - New METS Contract & Trinidad Update

Monday, February 27th, 2017

On 27 February, Medserv plc announced that, through its wholly-owned subsidiary Middle East Tubular Services LLC (“METS”), it has been awarded a new long term contract with Sumitomo Corporation Tubular Supply Oman (“SCTSO”) for the supply chain management of Oil Country Tubular Goods to Petroleum Development Oman (“PDO”) which is a joint-venture between the Government […]