Lucror Analytics

Lucror Analytics is a leading credit and ESG research specialist and a provider of technology solutions for differentiated fixed income strategies. Our roots are in bottom-up fundamental credit analysis with a specialization in high yield corporate credits from Europe, Asia and Latin America. We are one of few research specialists integrating ESG considerations with fundamental credit research through a dedicated ESG platform. Our ESG assessment covers five key criteria: Disclosure, E,S, & G Pillars, Controversies, ESG Impact on Credit and ESG Momentum.

Recognizing the importance and value-add of Factor Investing in fixed income, Lucror developed the Smart Quant Navigator (SQN), an intuitive platform that helps clients devise and implement factor-based strategies ranging from pure quant to active fundamental, with integrated ESG.

Our company has been at the forefront of developments in the fixed income markets, identifying opportunities and consistently delivering new products and value-adding solutions to clients. Lucror has close relationships with the largest and most reputable asset managers, family offices, hedge funds, investment and wealth managers globally.

High Yield Experts

Senior Credit Analyst, Lucror Analytics

Trung Nguyen

Senior Credit Analyst

Credit

<p><br/> Anton Oilfield’s H1/20 results were mostly in line with our expectation. Revenue and profitability declined as expected, owing to the challenging operating environment amid low oil prices. The company's new-orders won, which is a leading indicator for the business, dropped by almost a third. However, the backlog was flat q-o-q, with no further reduction in Q2, and remained large enough to sustain over 1.5 years of revenue. Leverage and coverage ratios deteriorated. The only surprise was the surge in capex. Anton pre-funded the maturity of the 2020 Notes last November, and has repurchased almost 40% of the Notes. Thus, the outstanding amount is manageable, considering the modest cash burn so far.<br/></p>

  Anton Oilfield’s H1/20 results were mostly in line with our expectation. Revenue and profitability declined as expected, owing to the challenging operating environment amid low oil prices. The company's new-orders won, which is a leading indicator for the business, dropped by almost a third. However, the backlog was flat q-o-q, with no further reduction in Q2, and remained large enough to sustain over 1.5 years of revenue. Leverage and coverage ratios deteriorated. The only surprise was the surge in capex. Anton pre-funded the maturity of the 2020 Notes last November, and has repurchased almost 40% of the Notes. Thus, the outstanding amount is manageable, considering the modest cash burn so far. 

Anton Oilfield - Earnings Flash - H1 FY 2020 Results - Lucror Analytics