Jostein Alendal - Reach Subsea CEO MD

REACH Stock  NOK 5.96  0.08  1.36%   

CEO

Mr. Jostein Alendal was appointed Chief Executive Officer at Reach Subsea ASA, effective as of May 26, 2014. He no longer serves as Business Development Manager at the Company, effective as of May 26, 2014. He is educated as an automation engineer. He has worked as Technical Manager in DeepOcean since 1999 with Group responsibility of all ROV operations. Prior to this, he has worked in Stolt Comex Seaway AS, Seateam AS and DSND within remote operated submarine technology. since 2014.
Age 50
Tenure 10 years
Phone47 40 00 77 10
Webhttps://www.reachsubsea.no

Reach Subsea Management Efficiency

The company has return on total asset (ROA) of 0.0673 % which means that it generated a profit of $0.0673 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.2004 %, meaning that it generated $0.2004 on every $100 dollars invested by stockholders. Reach Subsea's management efficiency ratios could be used to measure how well Reach Subsea manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 119.67 M in total debt with debt to equity ratio (D/E) of 149.3, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Reach Subsea has a current ratio of 0.73, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Reach Subsea until it has trouble settling it off, either with new capital or with free cash flow. So, Reach Subsea's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Reach Subsea sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Reach to invest in growth at high rates of return. When we think about Reach Subsea's use of debt, we should always consider it together with cash and equity.

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CEO Age

Michael BinnionQuesterre Energy
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Lars SolstadSolstad Offsho
N/A
The company offers inspection, maintenance, and repair services and remotely operated vehicles, survey, and construction services. Reach Subsea ASA was founded in 2008 and is based in Haugesund, Norway. REACH SUBSEA operates under Engineering And Technical Services classification in Norway and is traded on Oslo Stock Exchange. It employs 119 people. Reach Subsea (REACH) is traded on Oslo Stock Exchange in Norway and employs 128 people.

Management Performance

Reach Subsea Leadership Team

Elected by the shareholders, the Reach Subsea's board of directors comprises two types of representatives: Reach Subsea inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Reach. The board's role is to monitor Reach Subsea's management team and ensure that shareholders' interests are well served. Reach Subsea's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Reach Subsea's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sigurd Arland, Project Engineer
Martha Bakkevig, Director
Bard Hogheim, Sales and Marketing Manager
Jostein Alendal, CEO MD
Solveig Byrkjeland, VP Sec
Morten Urrang, Project Engineer
Johnny Stiansen, Project Engineer
Age Nilsen, Finance Manager
Kare Lie, Executive Chairman
Knut Medhaug, ROV Manager
Rune Lande, Secretary of the Board and Chairman of Nomination Committee
Anders Onarheim, Vice Chairman of the Board
Inge Grutle, Engineering Manager
Sverre Mikkelsen, Director
Oskar Tveit, Technical Superintendent
Sven Storesund, Technical Manager
Bjorg Doving, Human Resources (HR) & Quality Manager
Birgitte Johansen, CFO Mang
Merete Haugli, Director
Torstein Grutle, Project Engineer
Kristine Skeie, Director
Morten Stranden, Chief Operation Officer
Ingunn Iveland, Director
yvind Johannessen, Head Side

Reach Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Reach Subsea a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reach Subsea. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
Note that the Reach Subsea information on this page should be used as a complementary analysis to other Reach Subsea's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

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When running Reach Subsea's price analysis, check to measure Reach Subsea's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Reach Subsea is operating at the current time. Most of Reach Subsea's value examination focuses on studying past and present price action to predict the probability of Reach Subsea's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reach Subsea's price. Additionally, you may evaluate how the addition of Reach Subsea to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Reach Subsea's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reach Subsea is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reach Subsea's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.