Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

BRIEF-Royal Wolf responds to announcement by Titan Energy Services

Published 22/12/2015, 12:22 pm
© Reuters.  BRIEF-Royal Wolf responds to announcement by Titan Energy Services
RWH
-

Dec 22 (Reuters) - Royal Wolf Holdings Ltd RWH.AX :

* Says Royal Wolf has outstanding invoices and contracted future revenues from the titan group of in excess of $5.0M

* Notes the announcement by titan energy services that it and certain of its subsidiaries have resolved to appoint administrators

* Says total amount of royal wolf's claim against the titan group entities will need to be quantified

* Will pursue full amount outstanding however we have not included in our forecast any contribution by 30th June 2016"

* Impact on rental revenue and potential asset sales is forecast to reduce FY 2016 EBITDA to the range of $36-$39 million and npat to $7.5-$9.5 million

* Source text for Eikon ID:nASX6Yn0ZX

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.