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Time to move up ???
francisd ( Date: 13-Sep-2013 11:34) Posted:
A big player moving into Jaya.
Unlocking shareholder value.
Watch out guys.
cheers.
guoyanyunyan ( Date: 09-Sep-2013 15:14) Posted:
Jaya jumps on reviewShares in Jaya Holdings jumped as much as 8% on strong volume after the offshore energy services provider said it had appointed advisers for a review of its strategic options.
More than 1.5 million shares were traded in the first hour of trading, double the average full-day volume traded over the past month. Based on Friday's close of $0.61, Jaya had a market value of $472 million. " They are still trying to get the vessels in their ship building program out right now and that's going to consume just about all the cash on hand for them over the next 2-3 years," said one analyst, noting that raising debt was one option for the company. Jaya issued a short statement on its review.
...last: $0.645...
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Today one of the equity funds unloaded 16+million shares of Jaya according to SGX.
But found non accouncements on SGX as to who bought these lots thru a married deal.
How can they not show this?
Any views guys. Pls. check & reply.
Cheers
Indo
A big player moving into Jaya.
Unlocking shareholder value.
Watch out guys.
cheers.
guoyanyunyan ( Date: 09-Sep-2013 15:14) Posted:
Jaya jumps on reviewShares in Jaya Holdings jumped as much as 8% on strong volume after the offshore energy services provider said it had appointed advisers for a review of its strategic options.
More than 1.5 million shares were traded in the first hour of trading, double the average full-day volume traded over the past month. Based on Friday's close of $0.61, Jaya had a market value of $472 million. " They are still trying to get the vessels in their ship building program out right now and that's going to consume just about all the cash on hand for them over the next 2-3 years," said one analyst, noting that raising debt was one option for the company. Jaya issued a short statement on its review.
...last: $0.645...
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Jaya jumps on reviewShares in Jaya Holdings jumped as much as 8% on strong volume after the offshore energy services provider said it had appointed advisers for a review of its strategic options.
More than 1.5 million shares were traded in the first hour of trading, double the average full-day volume traded over the past month. Based on Friday's close of $0.61, Jaya had a market value of $472 million.
" They are still trying to get the vessels in their ship building program out right now and that's going to consume just about all the cash on hand for them over the next 2-3 years," said one analyst, noting that raising debt was one option for the company. Jaya issued a short statement on its review.
...last: $0.645...
Offshore energy services firm Jaya Holdings said it had secured a US$20 million ($25.6 million) contract to charter its platform supply vessel in East Africa.
...last: $0.615... recent low: $0.540 (this is the 6-months low as well)...
...Last Done: $0.59... One Company Two Different Views ....
CIMB Securities says ...
JAYA HOLDINGS | OUTPERFORM | TP: S$0.88
Jaya has sold its second16,000 bhp AHTS, Jaya Sovereign, to a
Canadian buyer, Atlantic Towing, with delivery expected atend-2013
The DP2, ice-class anchor handler is being built to Wartsila's
VS4622 design, with Clean Design notation from DNV and will have a
continuous bollard pull of 200mt
Jaya Sovereign is a sister vessel of Jaya Supreme, which was sold to the same customer for an estimatedUS$72min Nov 2012
We understand that Sovereign's sale price is likely to be higher and Jaya could book shipbuilding profits of US$1m-2m
This somewhat low profit is due to the high costs of the vessel
Equipment was ordered at the peak of a suppliers' market while
the vessel had also accumulated over five years of overhead costs due to
legacy issues
We are not surprised by the sale as its high specs render it economically unviable for deployment in regional waters
Jaya's focus on ship chartering is in tact and the sale should not be read as a reversion to its speculative sales
Lastly,
the sale should give it additional firepower to kick start a new build
programme for its charter fleet, finance possible build-t0-order vessels
with backend payment terms or right-size its capital structure (higher
dividends?)
Trading at 0.7x CY13 P/BV (against raising ROEs and net cash), we see value in Jaya
By 2014, it should trade at 4x EV/EBITDA with contributions from on coming vessels
We also expect higher dividends to accompany its rising chartering EBITDA
DMG OSK Securities says...
JAYA HOLDINGS | SELL | TP: S$0.53
Jaya announced that it had sold its second 16,000bhp Anchor Handling Tug Supply (AHTS) vessel, the Jaya Sovereign, to Atlantic Towing
The Jaya Sovereign is a sister vessel to the Jaya Supreme which was delivered to Atlantic Towing in Nov 2012
This sale is already part of our forecast as we believe that
Jaya will use the sales proceeds to bridge the gap between its cash on
hand and the cash required to complete its shipbuilding programme
Operationally, selling the vessel also makes more sense because a
16,000bhp Ice-class AHTS would not readily find work in the regions in
which Jaya has operations
In particular, a piece of key information was missing from the announcement - the sale price
Our channel checks indicate that the sale of this vessel
occurred through the exercise of an option following the sale of the
sister vessel Jaya Supreme, which pegs the sale price at around USD73m
The sale of the Jaya Supreme caused Jaya to record a USD1.3m loss, which we fear may happen again in this case
We currently have a SELL recommendation on Jaya with a TP of SGD0.53
Jaya wins charters worth more than US$60m
Jaya Holdings will step into the Latin American market when a pair of
medium-sized platform support vessels (PSVs) are delivered in the first
half of 2014. Both Jaya Victory and Jaya Valiant have secured charters
from a new client that expects to deploy them around Mexican and Central
America waters for up to three years, said the offshore energy services
provider yesterday.
" The charters for Jaya Victory and Valiant mark our
foray into the booming Latin American market and are very much in line
with our market growth and geographical diversification strategies,"
said CEO Venkatraman Sheshashayee.
The group's president of offshore and
business development, George Horsington, said Jaya has established
partnerships in the Latin America region with reputed and experienced
players. " We see opportunities in Brazil, Mexico, Colombia, Argentina
and the Caribbean," he said. (Source: Business Times)
...Last Done: $0.620...
Jaya good buy! I see it rising to 70 cents soon. Vested @ 60.5-61cents. Def a laggard stock.
Target S$0.88 (Long Term: Out Perform)
As
warned by management, 3Q core earnings dropped 51% qoq due to the
monsoon season and enforcement of Indonesiafs cabotage rule. We were
too bullish on its operational leverage. That said, strong charter rates
in 3Q underscore our confidence of a podium finish. At 10% of our FY13
forecast (9M at 63%), 3Q core earnings were 47% below our expectation.
The weaker 3Q had prompted us to cut our FY13 EPS by 9%. We also cut our
FY14-15 EPS by 11-17% on lower margins and newbuild programme changes.
Maintain Outperform as our target price, still pegged to 1x CY13 P/BV
(4-year mean), is unchanged. Continued excellence from chartering and
high-value shipbuilding orders are catalysts.
At
10% of our FY13 forecast (9M at 63%), 3Q core earnings were 47% below
our expectation. The weaker 3Q had prompted us to cut our FY13 EPS by
9%. We also cut our FY14-15 EPS by 11-17% on lower margins and newbuild
programme changes. Maintain Outperform as our target price, still pegged
to 1x CY13 P/BV (4-year mean), is unchanged. Continued excellence from
chartering and high-value shipbuilding orders are catalysts.
3Q positives: good charter rates strong 4Q finish
Though
below our expectation, core earnings spiked by 114% yoy. Jaya's revenue
of US$24.8m (+53% yoy) is actually 21% above our expectation (due to
higher charter rates) but it suffered from negative operating leverage.
It earned an average charter rate of US$13,987 vs. US$9,862 (+42% yoy).
Higher rates were driven by increased time charter contracts (that
reflect improvement in operations) as well as a larger geographical
reach, enabling the group to seek more profitable contracts. Looking
forward, we expect Jaya to wrap up FY13 on a high, thanks to robust
utilisation and rates.
Changes in newbuild programme
Jaya
has pushed back its newbuild delivery schedule by an average of nine
months as it reconfigures its ROV support vessels, an asset class which
the group expects to be in high demand. While we understand the
business-sense of the change, the pushback impacts our FY14-15 EPS.
Maintain Outperform
3Q
reflects the transformation of Jaya's business model from one of
opportunistic vessel sales to one of recurring and sustainable income.
Below-book valuations, coupled with rising ROEs (despite the EPS cut),
underpin our Outperform rating.
Source: CIMB
...last done: $0.635... next support level: $0.590-0.600...
Its time to pick up for a good harvest....my opinion
Thanks, vested & good luck!
tonylim ( Date: 24-Jan-2013 14:13) Posted:
Moving up soon.. Just a gentle reminder if you want some kopi money
tonylim ( Date: 13-Jan-2013 19:06) Posted:
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Moving up soon.. Just a gentle reminder if you want some kopi money
tonylim ( Date: 13-Jan-2013 19:06) Posted:
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Positive report for Jaya with TP from .85 to above $1. Debt expiring and ready for giving out dividend. Keep a lookout.
http://www.nextinsight.net/index.php/story-archive-mainmenu-60/919-2013/6306-jaya-holdings-full-steam-ahead-to-an-expanded-charter-fleet-of-vesselstonylim ( Date: 28-Dec-2012 12:29) Posted:
Yes, it is the beginning of an exciting journey forward
tonylim ( Date: 24-Dec-2012 08:55) Posted:
| A stock to watch as it is into chartering services of offshore oil sector. TP is 82 by analyst in Today, but it is rumoured that it should have no problem hitting above $1 in 2013. Time to accumulate while it is low |
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Yes, it is the beginning of an exciting journey forward
tonylim ( Date: 24-Dec-2012 08:55) Posted:
A stock to watch as it is into chartering services of offshore oil sector. TP is 82 by analyst in Today, but it is rumoured that it should have no problem hitting above $1 in 2013. Time to accumulate while it is low.
tonylim ( Date: 18-Dec-2012 17:12) Posted:
| Looks like the ships are moving offshore |
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A stock to watch as it is into chartering services of offshore oil sector. TP is 82 by analyst in Today, but it is rumoured that it should have no problem hitting above $1 in 2013. Time to accumulate while it is low.
tonylim ( Date: 18-Dec-2012 17:12) Posted:
Looks like the ships are moving offshore.
tonylim ( Date: 16-Oct-2012 16:36) Posted:
Anthony Tan, it is coming...be patient
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Looks like the ships are moving offshore.
tonylim ( Date: 16-Oct-2012 16:36) Posted:
Anthony Tan, it is coming...be patient
tonylim ( Date: 16-Oct-2012 13:59) Posted:
| It is not in the sleep mode but rather accumulation phase at .565 and 57. Understand once all borrowings are cleared, this is the stock to watch |
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Anthony Tan, it is coming...be patient
tonylim ( Date: 16-Oct-2012 13:59) Posted:
It is not in the sleep mode but rather accumulation phase at .565 and 57. Understand once all borrowings are cleared, this is the stock to watch.
AnthonyTan ( Date: 30-Mar-2012 15:00) Posted:
| Still sleeping, no movement at all. |
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It is not in the sleep mode but rather accumulation phase at .565 and 57. Understand once all borrowings are cleared, this is the stock to watch.
AnthonyTan ( Date: 30-Mar-2012 15:00) Posted:
| Still sleeping, no movement at all. |
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