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Weblog February 2010
Transparency
Two months after Dockwise announced its secondary listing on the NYSE Euronext Amsterdam stock exchange, the company’s exposure and liquidity have experienced a dramatic rise.
With two stock listings, investors now have greater accessibility to the shares. Consequently, our trade volumes have almost tripled in both Oslo and in Amsterdam.
The valuation of the company, as a whole, is better perceived. Now Dockwise’s increased exposure offers investors a greater overview of the positive, niche industry trends, as well as the risks facing the company.
In addition to the traditional Norwegian oil and gas services peer-group, Dockwise also fits into the Dutch maritime circle with a complimentary peer-group of offshore, oil and gas service providers like SBM Offshore and Fugro. We’ve also experienced a rise in media exposure, so that our specialized industry is explained to the investment community, both in the Netherlands and abroad. Subsequently, we are enjoying the opportunity to explain the potential of the company for years to come.
The recent capital market transactions have shifted the value for long-term, sustainable investors. In this day and age, it is important for Dockwise to develop into a company with a longer and sustainable backlog. Our secondary listing is fostering a sustainable view for future investors. To support this effort, we are currently investigating our dividend policy, which will be presented at our next shareholders meeting in May of this year.
Ultimately, the decision to list at Euronext Amsterdam has been well-received. More people are realizing the inconceivable services Dockwise offers and investing continues to grow.
Sincerely,
Fons van Lith
Corporate Legal Counsel & Manager Investor Relations
