OXE Marine (Q1 Review): Strong support from main shareholders - Redeye

OXE Marine has just completed two directed share issues raising SEK60 million. Major shareholders as well as Chairman of the Board and CEO participated, validating their long-term commitments. The Q1 report was weak in terms of sales as the US Government market appears to remain on pause. We think it’s a rather temporary dip, but we have made some downward revisions to our near-term forecasts.

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