Faroe Petroleum


Market Cap£635.1m

Last Close 160.4p

Inspired Gaming Group provides analogue and Open SBG™ machines in the UK for the leisure and gaming markets. It also provides Open SBG™ software systems and Open SBG™ digital and networked terminals in ten countries.

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Investment summary

DNO ASA has announced the terms of an offer for the whole of the issued and to be issued share capital of Faroe Petroleum. The offer will be 152p/share in cash for each Faroe share, valuing Faroe’s existing issued and to be issued share capital at c £607.9m.

Y/E Dec
Revenue (£m)
PBT (£m)
EPS (p)
P/E (x)
P/CF (x)
2016A 94.8 (33.5) (61.6) (10.6) N/A 9.1
2017A 152.9 44.0 (21.0) (5.1) N/A 4.4
2018E N/A N/A N/A N/A N/A N/A
2019E N/A N/A N/A N/A N/A N/A
Industry outlook

For the purposes of the Takeover Code, Edison Investment Research is deemed to be connected with Faroe Petroleum.

Last updated on 14/02/2019
Content on Faroe Petroleum
Faroe Petroleum – DNO cash offer for Faroe at 152p/share
Oil & gas | Flash note | 28 November 2018
Faroe Petroleum – Agar/Plantain discovery
Oil & gas | Flash note | 15 November 2018
Faroe Petroleum – Rungne uncommercial discovery
Oil & gas | Flash note | 14 November 2018
View more
Share price graph
Balance sheet
Forecast net debt (£m) N/A
Forecast gearing ratio (%) N/A
Price performance
Actual 0.3 19.5 58.2
Relative* (3.2) 17.7 58.4
52-week high/low 170.6p/101.2p
*% relative to local index
Key management
John Bentley Chairman
Graham Stewart CEO
Jonathan Cooper CFO
Helge Hammer COO