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761-780 of 2165
Anyone has any idea why this counter is halted?
Shows investment in oil exporation/refining is still strong. May be good time to look at other oil related companies. Kep Corp, Semb Marine, DynaMac, etc. all look like prices quite interesting....
bsiong ( Date: 23-Sep-2011 11:22) Posted:
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Swiber Holdings Limited announced today that its order book has rocketed close to US$1.0 billion, the highest in the Group’s corporate history, after securing its single largest contract win this year worth approximately US$155.0 million for an EPIC pipeline project in South Asia . (Close: S$0.505,unchanged).
/sgx
is it technical rebounce? at support mah.
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better dont touch this counter.. with so many blue chips at relatively lower price as compared to a few months ago..
better stick to blue chips
bishan22 ( Date: 14-Sep-2011 09:20) Posted:
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Today top volume..... any good news??? 
anyone know why its director keep on unload his holding recently EVEN SWIBER IS BELOW NTA...
used to be $1.. should be able to move to .75
Swiber: says it is looking to raise new capital (est $100-200m).
DMG says this is no surprise given that Swiber’s net gearing at 1.2x now, has been on an uptrend since its last pte placement in Jun ’09 (84m new shares at $0.88/sh), due to new capex and higher working capital.
While mgt says the fund raising is to strengthen its balance sheet and use it for earnings accretive exercise, DMG warns this could be earnings dilutive in the near term if the funds are not deployed immediately.
Following the 1H11 results and mgt briefing, DMG cuts FY11-12F core net profit by 5-6% to reflect lower margins and higher minority interest.
Slashes TP to $0.50 (previously $0.87), pegged to 0.5x FY12E P/B, reflecting the low adjusted net profit to assets (FY11E: 2%) and to equity (FY11E: 6%), as well as concern over the high net gearing. House maintains Neutral rating.
totally agree...enter this counter as shipping/oil depends much on contracts. This co. won a number of contracts but not reflected on tt price...lost 50% value since i enter..disappointed. duno wht tt board of directors doing
Compare to these 2 rotten eggs, swiber vs mermaid....... the latter has dividend.
This no hope one, dun waste time & money. Already drop more than 50% still keep dropping
Profit but
no dividend this is counter worst than putting
money in dbs bank at least u can get 2% interest in bank. this counter suck all 0% interest only
company develop share holder money all liao
What the heck is going on with this counter?
hope to go up fast!
today, not bad for this sleeping chap.
yishun11 ( Date: 21-Jun-2011 16:28) Posted:
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| Corporate News... |
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Offshore and Marine We examine the implications of the proposed lease accounting model on the offshore supply companies under our coverage. Impact on financials would be higher net gearing and lower asset turnover, but higher operating cash flows. We find that Swiber, followed by Ezra would have the highest off-balance sheet debt as at FY10, if we were to apply the proposed changes. However, we stress that fundamentally, nothing has changed. Recognizing and capitalizing existing off-balance sheet debt does not increase a company's financial risks only taking on more debt does. No changes in our valuations or stock ratings. |
time to move up baby. value stock
Sell then!
Joe2020 ( Date: 17-Jun-2011 15:39) Posted:
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I passed by their building recently and from the outlook, it looks like an abandon building and ghostly one hehehe ...swiber in sinking into the abyss....
slimerlth ( Date: 17-Jun-2011 15:33) Posted:
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