Street Smart Investor
Long-term horizon, energy, natural resources, micro-cap

Prosafe SE: Bullish Momentum To Continue For This 8% Dividend Yielder

Company Overview

Prosafe (OTCPK: OTCPK:PRSEY) and Oslo Stock Exchange "PRS" is among the world's leading owner and operator of semi-submersible accommodation vessels. As of December 2013, Prosafe owned 11 semi-submersible accommodation vessels.

Further, Prosafe has two NORSOK compliant harsh environment semi-submersible accommodation vessels under construction that will be ready for operations in 2015, and two semi-submersible accommodation vessels for worldwide operations excluding Norway that will be ready for operations in 2016.

For the year ended December 2013, Prosafe clocked a turnover of $524 million and a net profit of $199 million. Further, Prosafe closed 2013 with an EPS of $0.85 and distributed dividends of $0.6, which was 13% higher than the dividend distribution for FY2012.

Reasons For The Recent...

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