Swiber   

Swiber

Hold

MarkLiao60      ( Date: 06-Apr-2010 17:26) Posted: Bought at 0.93. Should I let go tomorrow? Please advice.

 

$1.50, boleh?

178investors      ( Date: 06-Apr-2010 17:33) Posted: yeah lor, the oil price been rising above the psycho level $85 driving some buying interest in oil laggards. personally  prefer oil to stay in a range of $75 to $85 (oil's sweetspot) which is more healthy for markets overall. freeman_5js      ( Date: 06-Apr-2010 17:16) Posted: Hmm gd movement finally ~ moving with tt market! juz keep rising !Oil price moving too

 

yeah lor, the oil price been rising above the psycho level $85 driving some buying interest in oil laggards.

personally  prefer oil to stay in a range of $75 to $85 (oil's sweetspot) which is more healthy for markets overall.

freeman_5js      ( Date: 06-Apr-2010 17:16) Posted: Hmm gd movement finally ~ moving with tt market! juz keep rising !Oil price moving too

 

Bought at 0.93. Should I let go tomorrow? Please advice.

 

Hmm gd movement finally ~ moving with tt market! juz keep rising !Oil price moving too

 

weiqiqi, you hit it right on the nail head. margin is being squeezed so badly in offshore services right now, more so the small player with limited financial strength.

When margin drops from 20% to 5%, you have to wonder how much harder you need to make up on the topline to satisfy the bottomline growth. Worsel, this baby is a fast cash burner.

Not sure it can turn around anytime soon. I hope so it can turn around for all you to make some money. IF not and it drops below 99c, you should change strategy to short it instead.

WeiQiQi      ( Date: 26-Mar-2010 17:25) Posted: profit margin is very thin... that's the main issue. They just had a -ve qtr... hopefully it can turnaround. 178investors      ( Date: 26-Mar-2010 16:56) Posted: let see if it cheong at pre-close today? huat liao.

 

profit margin is very thin... that's the main issue. They just had a -ve qtr... hopefully it can turnaround.

178investors      ( Date: 26-Mar-2010 16:56) Posted: let see if it cheong at pre-close today? huat liao.

 

let see if it cheong at pre-close today? huat liao.

 

the last time u post shitber... it cheong for abit... will history repeat... hmmm

178investors      ( Date: 26-Mar-2010 14:50) Posted: shitber has been a big disappointment for me... whyso?see picture. shitber will continue that way until  our cash turns to ash. of course, there are others who earlier profited from shitber but they already little left to buy more .. the faithful foloowers leaving shitber day by day.... yawnnn shitber what? yawnnn.... btw, dont forget the collar arrangement. anyone knows when it expires? kindlyshare if you know. this is an important piec of info we must know - "the collared and his handler" top secret.

 

FV S$1.10 ?

better  to  take  profit  first  before sell down

ozone2002      ( Date: 26-Mar-2010 10:10) Posted: Swiber Holdings: In the running for a few projects Summary: As oil companies ramp up capital expenditure, the field development segment is one area that has seen a significant increase in work available. According to Upstream, Swiber Holdings (Swiber) is currently bidding for a pipelay installation job at the delayed Doi Moi project, as well as for Petrobras’ flexible flowlines and rigid risers. The latter project was scaled down when Petrobras removed a few fields from the bidding due to budget restrictions. Swiber may also be eyeing a transportation and installation job in Malaysia. The group’s order book stands at US$769m as at 2 Mar 2010, though this includes the 5-year CUEL contract worth US$250m. Demand for field development work in Asia Pacific and the Middle East remains strong, although competitors during the bidding process are also unrelenting as well. With more work and better asset utilisation, we have already incorporated a 7% core net profit margin in FY10; a significant increase from 1.5% and 5.4% in FY09 and FY08 respectively. We maintain our HOLD rating with a fair value estimate of S$1.10. (Low Pei Han)

 

shitber has been a big disappointment for me... whyso?see picture. shitber will continue that way until  our cash turns to ash.

of course, there are others who earlier profited from shitber but they already little left to buy more .. the faithful foloowers leaving shitber day by day.... yawnnn shitber what? yawnnn....

btw, dont forget the collar arrangement. anyone knows when it expires? kindlyshare if you know. this is an important piec of info we must know - "the collared and his handler" top secret.

 

Swiber Holdings: In the running for a few projects

Summary: As oil companies ramp up capital expenditure, the field development segment is one area that has seen a significant increase in work available. According to Upstream, Swiber Holdings (Swiber) is currently bidding for a pipelay installation job at the delayed Doi Moi project, as well as for Petrobras’ flexible flowlines and rigid risers. The latter project was scaled down when Petrobras removed a few fields from the bidding due to budget restrictions. Swiber may also be eyeing a transportation and installation job in Malaysia. The group’s order book stands at US$769m as at 2 Mar 2010, though this includes the 5-year CUEL contract worth US$250m. Demand for field development work in Asia Pacific and the Middle East remains strong, although competitors during the bidding process are also unrelenting as well. With more work and better asset utilisation, we have already incorporated a 7% core net profit margin in FY10; a significant increase from 1.5% and 5.4% in FY09 and FY08 respectively. We maintain our HOLD rating with a fair value estimate of S$1.10. (Low Pei Han)

 

media tats 1. bt onli slightly movement.

Muz get BB attention. gd business doent mean strong share.

haiz

 

If company does not know how to play media game, it will always lie low and got step. See Ezra who play the media game well. Sunpower another one who dont even know what is media.....sigh

 

heard the brazil contact annc in april too... good luck...

risktaker      ( Date: 21-Mar-2010 21:22) Posted: I suspect contract winning soon :) Hopefully i am right

 

I suspect contract winning soon :) Hopefully i am right

 

 

dreamer shitber dreams sweet dreams.... yawnnnnnn...........bed time...... yahhh

 

disappointing, no matter how much potential tis counter got is useless if it cannot get tt attention of BB ~

 

Used to be mkt darling.... n I foresee this will be mkt darling once again...if can contain costs...get more contract wins...should then be able to trade close to Ezra's level...

 

last TiME I  hEard  SWiBER  was  a strOng gUy

FearValueGreed      ( Date: 09-Mar-2010 23:16) Posted: no need 3 years, 3months from now , you should see 90cents. Chart likely to push down below 200MA soon. Used to be vested, now no more liao cos GDP worldwide going to reverse gear soon.   gurusamygopal      ( Date: 07-Mar-2010 14:35) Posted: Dont worry swiber wont go below s$1.01 .may be wait another three years economy slow down that time u can buy swiber s$0.90 ok. sweet crude goes down below 60bucks possible s$0.90 brother.