Board Change • May 20
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Glen Rodland was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. お知らせ • Jan 06
Deep Value Driller as Declares Dividend for January 2026, Payable on or About 15 January 2026 Deep Value Driller AS's board of directors has resolved to distribute a dividend in the amount of NOK 0.25 per share, in total approximately NOK 23.3 million, for January 2026. The dividend is expected to be paid on or about 15 January 2026. DVD notes that pursuant to the Company's loan facility, as amended 14 April 2025, the Company is required to retain an amount equal to 12 months' of interest payments which is not available for distribution. Ex-date is 7 January 2026. Record date is 8 January 2026. お知らせ • Jun 14
Deep Value Driller AS Announces Dividend Deep Value Driller AS announced dividend amount of NOK 0.25 per share, ex. date is 11 June 2025. お知らせ • Apr 15
Deep Value Driller as Distribute A Dividend for April 2025, Payable on or About 24 April 2025 Deep Value Driller AS has resolved to distribute a dividend in the amount of NOK 0.25 per share, in total approximately NOK 23.3 million, for April 2025. Ex-date is 16 April 2025. Record date is 22 April 2025. Payment date is On or about 24 April 2025. Date of approval is 14 April 2025. お知らせ • Mar 07
Deep Value Driller AS Announces Cash Dividend, Payable on or About 19 March 2025 In accordance with Deep Value Driller AS's updated dividend policy as announced on 4 October 2024, DVD's board of directors has resolved to distribute a dividend in the amount of NOK 0.25 per share, in total approximately NOK 21.6 million, for March 2025. The dividend is expected to be paid on or about 19 March 2025 and will be regarded as repayment of paid in capital by the shareholders of DVD. The dividend is resolved based on the board's authorisation as granted by DVD's annual general meeting on 14 May 2024. お知らせ • Feb 07
Deep Value Driller AS Resolves to Distribute Dividend for February 2025, Payable on or About 14 February 2025 Deep Value Driller AS reported interim results for the fourth quarter of 2024 and the board of directors' resolution to distribute a dividend of NOK 0.25 per share for February 2025. The dividend is expected to be paid on or about 14 February 2025 and will be regarded as repayment of paid in capital by the shareholders of DVD. The dividend is resolved based on the board's authorisation as granted by DVD's annual general meeting on 14 May 2024. お知らせ • Jan 18
Deep Value Driller AS, Annual General Meeting, Jun 06, 2025 Deep Value Driller AS, Annual General Meeting, Jun 06, 2025. New Risk • Nov 10
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.9x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings are forecast to decline by an average of 5.1% per year for the foreseeable future. High level of non-cash earnings (29% accrual ratio). お知らせ • Nov 01
Deep Value Driller AS Resolves to Distribute A Dividend for November 2024, to Be Paid on or About 7 November 2024 Deep Value Driller AS announced in accordance with DVD's updated dividend policy as announced on 4 October 2024, DVD's board of directors has resolved to distribute a dividend in the amount of NOK 0.25 per share, in total approximately NOK 21.6 million, for November 2024. The dividend is expected to be paid on or about 7 November 2024 and will be regarded as repayment of paid in capital by the shareholders of DVD. Ex-date of 5 November 2024. Record date of 6 November 2024. お知らせ • Oct 04
Deep Value Driller AS Announces Dividend, Payable on or About 11 October 2024 The board of directors of Deep Value Driller AS has resolved to distribute a dividend in the amount of NOK 1.00 per share, in total approximately NOK 86.4 million. The dates relevant to the proposed dividend distribution are set out below: Last day including right: 7 October 2024. Ex-date: 8 October 2024. Record date: 9 October 2024. Payment date: On or about 11 October 2024. Date of approval: 4 October 2024. New Risk • May 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$60m). Share price has been volatile over the past 3 months (7.8% average weekly change). お知らせ • May 16
Deep Value Driller AS Approves Dividend, Payable on or About May 31, 2024 Deep Value Driller AS approved as proposed by the board, including the distribution of a dividend in the amount of NOK 3.00 per share, in total approximately NOK 260 million, on the basis of the annual accounts for 2023. The dividend will be paid on or about 31 May 2024 to the shareholders of Deep Value Driller as of 14 May 2024, as registered in the VPS on 16 May 2024. The shares will trade exclusive the right to receive dividend from and including 15 May 2024. Board Change • Apr 26
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Glen Rodland was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. お知らせ • Mar 27
Deep Value Driller AS Proposes Dividend, Payable on or About 31 May 2024 The board of directors of Deep Value Driller AS has resolved to propose that the annual general meeting of the company, expected to be held on 14 May 2024, resolves to distribute a dividend in the amount of NOK 3.00 per share, in total approximately NOK 260 million. Ex-date: 15 May 2024. Record date: 16 May 2024. Payment date: On or about 31 May 2024. The distribution shall constitute a repayment of DVD's paid-in capital. Breakeven Date Change • Aug 31
Forecast breakeven date pushed back to 2024 The analyst covering Deep Value Driller previously expected the company to break even in 2023. New forecast suggests losses will reduce by 60% to 2023. The company is expected to make a profit of US$41.0m in 2024. Average annual earnings growth of 100% is required to achieve expected profit on schedule. Board Change • Aug 31
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Glen Rodland was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Aug 14
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -US$43m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$43m). Less than 3 years of financial data is available. Breakeven Date Change • Jul 13
Forecast breakeven date pushed back to 2024 The analyst covering Deep Value Driller previously expected the company to break even in 2023. New forecast suggests losses will reduce by 60% to 2023. The company is expected to make a profit of US$41.0m in 2024. Average annual earnings growth of 92% is required to achieve expected profit on schedule. Board Change • Jul 13
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Glen Rodland was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 02
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Glen Rodland was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Glen Rodland was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Glen Rodland was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 14
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Glen Rodland was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. お知らせ • Jun 09
Deep Value Driller AS Elects Glen Ole Rødland as A New Member of the Board of Directors Deep Value Driller AS announced that at its AGM held on 8 June 2022, the shareholders Glen Ole Rødland as a new member of the company's board of directors. Hence, the board will consist of the following persons for the period up to the annual general meeting in 2023: Einar J. Greve, chair of the board; Gunnar Hvammen, board member; Glen Ole Rødland, board member. お知らせ • May 09
Deep Value Driller AS Announces Changes to the Board Deep Value Driller AS announces that Espen Westeren has resigned as a board member of the company. Mr. Westeren has served as board member since March 2021.