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When it goes back down to 5.90, will you start to believe in the market? ... 
AK_Francis ( Date: 04-Sep-2008 18:20) Posted:
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the way it plunged these 2 days, scarely loh. watching it fell fr 9.48 when market opened and closed at 9.13.
dun know what happening, market sentiment??
AK dun agreed as analyst claimed that CO px go down and hence less depending on oil rigs. But this burger project order stretch till 2012 leh. Unless there is forseeable withdrawal of contracts along the way.
Boh bian, if now dump it away, heart quite pain ah. Keep for a while and see liao.
kate_laker ( Date: 04-Sep-2008 09:42) Posted:
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not bad already, as compared to SPC, after XD lelong liao. holding both for Long but each of them hv diff faith ah.
nonetheless, just trust both uncle lim and choo loh.
Any sifu here know what happen to this baby? keep falling ....I think very soon can reach below $9.50 liao...how to climb back to $15? hee hee
By the way how much is the interim Divvy?
Tks for the compliment. AK hs no mile stone to learn. along the way, AK picks up what deems fit and that are not bad. sometimes cut and paste also jadi loh.bai shei ah.
the wise saying in chinese, live old learns till old. cheers.
AK, sometimes hard for me to believe you're chinese edu.... I'm impressed.
Tks for taking the trouble to reply.
AK_Francis ( Date: 23-Jul-2008 18:30) Posted:
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coy had rcv many orders since Jan 08. the cancellation of MPU heavy lifter in Norway has less impact on its financial record card. there also another contract dipute with Blackfort Dolphin over on contract signed in 2006.
1Q 08, 366.163 m, pre-tax, earnings inched up by 4% on the back of 9% increase in revenue. Coy foresees FY08 to be a tough yr. latest report said.
its 1H08 report is on 31 Jul end this mth. owing to the above, the profit may not as good as the preceeding same qtr. yesterday Msia steel mills temp halt exports of steel could be another added burden to the coy and its subsid for fullfiling the secured contracts on the various projects, esp in local plants. the falling CO has not much impact on its earning, instead reducing the operational cost could uplift its earning.
nonetheless, though coy is not that cash rich, PE of 14.97, but traditionally, uncle Lim would likely generously announce an interim div ranging from 10-20 cts, as taking ref from FY07 of FD 55cts.
however, don't be discouraged if the div is below 10cts. ha ha. AK view liao loh. cheers folks.
panic, sold others but still keeping 2 for musuem.
Press Release
Keppel to build Scorpion’s first semisubmersible for US$405 million
The Group’s proprietary DSS 38 design gains momentum in Brazil’s offshore market.
Singapore, 7 July 2008 –
The contract with Scorpion is subject to the fulfillment of certain conditions by mid July 2008. It is valued at US$405 million. The amount excludes owner-supplied drilling and subsea equipment.
Upon its completion in the fourth quarter of 2011, this semi will be chartered by Scorpion to Brazilian national oil company Petrobras for a period of six years.
"The DSS 38 model was developed from our years of experience as a rigbuilder and keen understanding of operating requirements in the deepwater region bordered by Brazil, West Africa and the Gulf of Mexico.
"It is significant that Scorpion has entrusted Keppel to build this premium design as its first semi for Petrobras. This demonstrates the growing recognition of our DSS 38 model as a choice deepwater rig for offshore Brazil.
"We look forward to strengthen our partnership with Scorpion with this high quality rig," said Mr Tong Chong Heong, Managing Director & Chief Operating Officer of Keppel O&M.
The DSS 38 is rated to drill to depths of 30,000 feet below mud line in just over 9,000 feet water depth. With operational displacement of approximately 38,000 tonnes, the DSS 38 has housing facilities for a crew of up to 130 men. It has both vertical and horizontal riser storage. The eight 3000kW azimuth thrusters configuration are designed to keep the vessel in position. All configurations comply with the American Bureau of Shipping Dynamic Positioned System (DPS-2) requirements.
With the latest rig, Keppel FELS will be constructing three DSS 38 rigs including two units for Queiroz Galvao, three DSS 21 rigs for Maersk Contractors and one DSS 51 rig for Transocean. Designed by Keppel O&M’s Deepwater Technology Group and Marine Structures Consultants of the Netherlands, the first DSS series semisubmersible, Maersk Explorer, began operations in 2003.
Scorpion Offshore Ltd. is a Bermuda based corporation founded in 2005 to own and operate state-of-the-art offshore drilling rigs. A repeat customer, Scorpion has engaged Keppel AMFELS, a wholly-owned subsidiary of Keppel O&M in Texas, to build five jackup rigs since 2005. Three of the jackups have been delivered and are being deployed in Oman, Vietnam and Brazil.
Keppel FELS is a wholly-owned subsidiary of Keppel Corporation Ltd through Keppel O&M, a leader in offshore rigs, ship repair and conversion and specialised shipbuilding. Its near market, near customer strategy is bolstered by a global network of 20 yards in the Asia Pacific, Gulf of Mexico, Brazil, the Caspian Sea, Middle East and the North Sea regions. Integrating the experience and expertise of its yards worldwide, the group aims to be the provider of choice and partner in solutions for the offshore and marine industry.
The above contract is not expected to have material impact on the net tangible assets or earnings per share of Keppel Corporation Limited for the current financial year.
end of Q2 window dressing..so price back to reality loh!! :D
hee....
cheers!
wow...Mermaid drop 11% ?!?! wow....low vol siah...