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YangZiJiang WiLL Overtake and DEFEAT
SembMarine
after Acquisition Of PPL Shipyard.
If SembMarine is nOt MEAN and PETTY [MP],
it shOuld make an ENLiGHTENiNG OFFER of USD333 Million
fOr the 15% Holding in PPL tO BAKER TECH sharehOlders.
KARMA brEEds KARMA
WiN-WiN brEEds WiN-WiN
YangZiJiang Management SHREWD and WiN-WiN [SW-W]
SembMarine Management MEAN and PETTY [MP]
FOXCONN Management blOOdy
SHAREHOLDERS' RiGHTS
Now the case of SembMarine. The world’s second-largest offshore rig builder got into a deal where, while having a 85-percent stake in PPL Shipyard, it unwisely left management control to the 15-per-cent stakeholder, PPL Holdings, which in turn is owned by Baker Technology, a company controlled by Dr Benety Chang, who is also the deputy chairman of PPL Shipyard.
Now, SembMarine is vigorously opposing Baker’s plans to sell its 15-per-cent stake in PPL Shipyard to China-based but Singapore-listed Yangzijiang Shipbuilding on the grounds that it has rights of first refusal.
Why? Because SembMarine is afraid with the Chinese in control, it would lose valuable rights to PPL Shipyard’s rig designs.
PPL is one of the world’s largest builders of offshore oil rigs and is a substantial contributor to SembMarine’s revenue and bottomline.
Yangzijiang is a major shipbuilder in China and desperately wants to be a major player in the rigs business which is expected to pick up with oil prices at current levels.
But SembMarine is offering just $59.4 million compared with Yangzijiang’s offer of US$155 million, or some $215 million.
If I were a Baker shareholder it would obviously not be in my interest to even consider SembMarine’s bid — little wonder the Yangzijiang offer was unanimously accepted by Baker’s shareholders at its recent extraordinary general meeting.
Conrad Raj
conrad@mediacorp.com.sg
Me think is bad , y today lau sai.
Yangzijiang just announced they want to list on Taiwan Stock Exchange.
Good or Bad?
Saturday: 26th JUNE 2010
BAKER TECH EGM
Monday: 28th JUNE 2010
Yang Zi Jiang
BREAK OUT S$1.40
just to share...from OCBC
Yangzijiang - Bullish break suggests more upside to come
Levels to Watch in Trading: Resistance set at $1.48
Support set at $1.26
Stock Rating: No Rating
Target Px: NA
Last Closing Px: $1.30
52-week Px Range: $0.735 - $1.57
SGX Code: BS6
BLP Code: YZJ SP Equity
Ozone2002, plse dont, you are one of the great contributors in thisi forum. :)
ozone2002 ( Date: 16-Jun-2010 10:42) Posted:
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but the difference is i care to share..
maybe i should keep quiet next time..
Isolator ( Date: 16-Jun-2010 09:19) Posted:
If you can spot, others also can spot... then.... hmmm....  |
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a strategy is only useful if an indvidual sticks to it religiously..
but when the emotions come into play...the strategy gets thrown out the door..
Isolator ( Date: 16-Jun-2010 10:48) Posted:
Good to share... I am just trying to say when a trading theory is known by so many of them, can it still be reliable to use?....
ozone2002 ( Date: 16-Jun-2010 10:42) Posted:
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but the difference is i care to share..
maybe i should keep quiet next time.. |
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|
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Good to share... I am just trying to say when a trading theory is known by so many of them, can it still be reliable to use?....
ozone2002 ( Date: 16-Jun-2010 10:42) Posted:
|
but the difference is i care to share..
maybe i should keep quiet next time..
Isolator ( Date: 16-Jun-2010 09:19) Posted:
| If you can spot, others also can spot... then.... hmmm.... |
|
|
|
but the difference is i care to share..
maybe i should keep quiet next time..
Isolator ( Date: 16-Jun-2010 09:19) Posted:
| If you can spot, others also can spot... then.... hmmm.... |
|
If you can spot, others also can spot... then.... hmmm....
chiong ah 1.34!!!!!!!!!!
woohoo!!! i love spotting trends early :)
Breakout of a bullish ascending triangle (broke thru resistaance at 1.28), hope 1.28 now turn into support.
ozone2002 ( Date: 15-Jun-2010 13:37) Posted:
BREAK OUT !!!!!!!!!!!!!!!!
CHIONG AHHHHHH!!!!
on mighty fine vol... |
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BREAK OUT !!!!!!!!!!!!!!!!
CHIONG AHHHHHH!!!!
on mighty fine vol...
vol slowly increasing...
looking gd for the breakout to the upside..
Watch out for YZJ
bollinger bands tightening...
gonna break out soon... just like a pimple POP!
likely to the upside
http://www.theedgesingapore.com/markets/hot-stocks/16533-yangzijiang-127-should-rebound.html
Written by The Edge
Monday, 07 June 2010 15:11
Prices should rebound soon. They have found support within the $1.24 to $1.27 range. Volume has been easing during the sideways price movement, a sign of a low being made. A break above $1.27 would provide some impetus for prices to advance to $1.40.
Quarterly momentum is falling, and the trigger for the rebound is likely to be the upturn of short-term stochastics from a support low, and the 21-day RSI. Note, though, that RSI has not formed a positive divergence with price.
damn sianz abt the EU news!
yzj seems to be sleeping !!!!
somebody must be making money big time!
pharoah88 ( Date: 07-Jun-2010 21:38) Posted:
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Yangzijiang
Hold | $1.26
While China-based shipbuilder’s orderbook and execution track record remain unblemished with no contract cancellations yet, concerns over its exposure to Europe — which accounted for bulk of its revenue in the last two years — have surfaced. “A full-blown crisis in the eurozone will affect the broader economy and European ship owners will not be spared,” says OCBC Investment Research, which has “Hold” call with $1.60 target. |
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Yangzijiang
Hold | $1.26
While China-based shipbuilder’s orderbook and execution track record remain unblemished with no contract cancellations yet, concerns over its exposure to Europe — which accounted for bulk of its revenue in the last two years — have surfaced. “A full-blown crisis in the eurozone will affect the broader economy and European ship owners will not be spared,” says OCBC Investment Research, which has “Hold” call with $1.60 target.
