Post Reply
1781-1800 of 2469
I agreed. The upside today seems to have no more strength. Selling queue is far more than buying now. Be prepared to face 0.85 or even lower. End of today likely to close lower than now.
DAX loss 122 ppts and FTSE loss 69 ppts now. Quite scary.
expertinvestor ( Date: 03-Jul-2013 15:34) Posted:
This will break 90 cents level by this week... I'm quite sure... |
|
Focus should be on risks in Brazil as VARD stumbles (Deutschabnk)
New
orders are positive...
SMM recently announced that it has secured two
contracts worth a total of US$417m from Oro Negro for the construction of two
jack-up rigs. Scheduled for delivery at end-July 2015 and end-3Q15, these
orders are the fifth and sixth units from the same customer (secured at the
same price as the previous two units). The wins are positive and support the
view from both KEP and SMM that the jack-up market remains active with
continued enquiries from customers. While competition has risen from some newer
North Asian entrants, we continue to believe that established drillers and oil
companies would still look towards using proven O& M yards, especially with
the renewed focus on safety and the need for equipment quality and reliability.
With this order, SMM’s YTD wins total about S$3.2b (this includes the S$900m
LOI from Det Norske) and is on track to reach our FY13E estimate of S$5.5b.
...but focus should be on risks in Brazil
VARD Holdings (VARD SP, Not rated), an
offshore and specialized vessels builder, recently announced that while it
remains confident in the long-term potential of the Brazilian market, operating
conditions are challenging with high personnel turnover and very high pressure
in the subcontracting market. As a result, the group indicated that its 2Q13
financial results would be lower than Street estimates. Management highlighted
that margins have been impacted by further delays and cost overruns at its
Niterói yard due to lower productivity than expected, additional costs for
outsourcing of hull construction activities to subcontractors, and revisions to
the estimates of start-up costs at its new Brazilian shipyard, Vard Promar.
“Tuition fees” yet to be paid
While SMM’s new order prospects remain
healthy, we believe its margins may come under pressure in 2013-15E as they
execute the large drillship contracts in Brazil. SMM is new to drillship
construction and would need to move up the learning curve. We also believe its
yard in Brazil, which is still under construction, may face potential cost
overruns, skilled labour shortages, construction delays and other initial
teething issues new facilities typically experience. Our SOTP-based target
price is S$4.20 maintain Hold.
This will break 90 cents level by this week... I'm quite sure...
If break,  might see some shorting n panic selling. 0.90cts support vry crucial. Am waiting fr tis fri data....guess wun b gd.
New123 ( Date: 03-Jul-2013 15:06) Posted:
breaking down of 90 cents will b very bearish. |
|
breaking down of 90 cents will b very bearish.
how you see the direction? up or down? I'm hesitating whether to  buy in now or later
Peter_Pan ( Date: 03-Jul-2013 14:25) Posted:
Operators are raiding this stock..very easy to make money. Any more dips...i will hoot big big!!! |
|
Operators are raiding this stock..very easy to make money. Any more dips...i will hoot big big!!!
Now you can be officially appointed as cheer leader!


Peter_Pan ( Date: 03-Jul-2013 13:58) Posted:
|
Entered at 0.905
Yesterday Cimb again said brazil tender will get in next few weeks. Please lah, I waiting till see kheow kheow lar
really ang, ang coming.
Guess Chef Peter Pan going to feed them ang ku kueh aredi. Am waiting fr them to lau sai....lol.
WanSiTong ( Date: 03-Jul-2013 11:56) Posted:
No more baking Huat Hueh ?
Peter_Pan ( Date: 03-Jul-2013 11:54) Posted:
Took profits..now waiting again... |
|
|
|
Vard is selling both Green Huat Kueh and Ang Ku Kueh onboard. Very messy..
WanSiTong ( Date: 03-Jul-2013 11:56) Posted:
No more baking Huat Hueh ?
Peter_Pan ( Date: 03-Jul-2013 11:54) Posted:
Took profits..now waiting again... |
|
|
|
No more baking Huat Hueh ?
Peter_Pan ( Date: 03-Jul-2013 11:54) Posted:
Took profits..now waiting again... |
|

 
Vard the Casino Cruise !!! Lai Lai Lai !!!Place your tikum tikum !!! 
Took profits..now waiting again...
Make sure that it's not Muddy Waters !!

halleluyah ( Date: 03-Jul-2013 11:47) Posted:
Resistance is 0.935.....jilted my Italian boyfren again after treating me kopi O.....hahaha |
|
Resistance is 0.935.....jilted my Italian boyfren again after treating me kopi O.....hahaha
Insider are not supposed to trade the stock within window period which is  1 moth before announcement of results.
  Pls don't stir water into muddy water!!

jomini ( Date: 03-Jul-2013 11:13) Posted:
it wasnt really the profit warning that started it. it was the insider selling out. he cashed in his options near the lows. was almost signalling that he thought the stock would be down
brenocav ( Date: 03-Jul-2013 10:39) Posted:
Yeah  I am..
May be silly  but I'm still optimistic on this counter. Troubles in Brazil was already a well known issue - don't know why the reaction to that profit warning was such a big deal, the global order book still looks OK doesn't it |
|
|
|