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I m waiting to enter somemore at 11.0
danger ( Date: 16-Nov-2017 15:06) Posted:
| 11.2 c may be the 1st point to pounce on it |
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ITS ok man. I got deep pockets . Can hold .
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At 3 cents , not even the company themselves know if they can get any contracts . If the directors or shareholders buy , they are liable for insider trading which carried a jail term .
bigsmall ( Date: 15-Nov-2017 23:39) Posted:
From Jul 2016 to Jan 2017 Chasen at cheap cheap around 3 cts why insiders no buy ?
(NAV also at $0.17)
andysim83 ( Date: 15-Nov-2017 16:23) Posted:
| now 50% discount...but in sg doesnt seem to move toward that target even after the results. |
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Alright . 👌
stockist75 ( Date: 15-Nov-2017 16:01) Posted:
Bro you are too negative. What you know people already know. Expect the unexpected.
WL123456 ( Date: 15-Nov-2017 15:48) Posted:
| Just to further note : tml due is on 50++ million volume . Then Friday is on 75 million ++ volume . Take care guys . |
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Just to further note : tml due is on 50++ million volume . Then Friday is on 75 million ++ volume . Take care guys .
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Tml is another massive contra day. Tml is those who bought in around $0.40++ to $0.50++ . I will clear all today . Tml sure crash lol.
callndrew ( Date: 15-Nov-2017 14:42) Posted:
That mean this is over-valued stock, am I right?
tankookoo ( Date: 15-Nov-2017 14:41) Posted:
11.52 cents...if i am wrong.
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Another stupid idea is the minimum trading price . All those company which consolidate for their share price whack down again. Who wants to consolidate to meet the MTP rules ? This is what happen when you got idiots running SGX.
andysim83 ( Date: 15-Nov-2017 12:00) Posted:
yalor..when other stocks in other exchange reports higher earnings will definitely go up..but in sgx it comes down and now become low volume...now implement the lunchtime break lol...nv see any impact also...
WL123456 ( Date: 15-Nov-2017 11:56) Posted:
| Yea I think sgx sucks . Chasen posted 700+% increase in profit but the price drop instead lol. I already shifted half of my investment to HK and US. This 2 markets, if company make money , the share price sure go up. |
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Yea I think sgx sucks . Chasen posted 700+% increase in profit but the price drop instead lol. I already shifted half of my investment to HK and US. This 2 markets, if company make money , the share price sure go up.
andysim83 ( Date: 14-Nov-2017 15:10) Posted:
this stock alr 6mths stuck at 8c like that liao...good result also cannt go up...gg for sg market
WL123456 ( Date: 14-Nov-2017 11:47) Posted:
| The price will eventually go up when the dividends and nav catch up. Right now , can?t help but just hold . |
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The company have just released and analyst reports . Q3 2017, net profit stands at usd2.3mil . EPS stand at 0.2usd cents . Q4 results definitely better according to chairman as their contracts improves 76% Q on Q on $174 on September .( They have since won more contracts) cash flow is positive with a net increase of $7.3usd million. Net cash on hand now stood at $usd86.6 million. Overall Q4 will definitely be better as chairman has announced .
Based on this , I can say that mermaid marine is the best O & G company and one of the better Mainboard listed company on the SGX. How many companies are sitting on usd$86.6 mil cash ? Should expect mermaid to announce dividend soon. At current price, a takeover is possible due to its net cash position . As long as investors don?t contra trade mermaid, profits will be in for the long run.
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It?s contra day and the shared has shot up 100% from 0.30. 100% !! A correction is overdued. Better sell if you still have . It?s not like the company announcing a lot dividends to be paid.
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the last pump and dump perhaps . Company is being sued and may not survive .
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The Group?s unaudited Q22018 results presented herein are in line with the commentary given in Paragraph 10 of the Group?s FY2017 results previously announced on 30 May 2017.
Already taken into consideration when I buy. Their new factory is up and running . I can hold so it?s ok bro danger .
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The price will eventually go up when the dividends and nav catch up. Right now , can?t help but just hold .
andysim83 ( Date: 14-Nov-2017 11:20) Posted:
lol i think cos sg market is a shortist heaven....
Thinkvest ( Date: 14-Nov-2017 11:13) Posted:
| why does it drop after a positive results |
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They have just won close to usd$300 million in project so profit and revenue is going to be higher . Most important thing is they have over $100 mil cash which means no dilution of shares and rights issue or warrants exercise . Buy when there?s pain , sell when there?s gain. When do you get s chance to buy a healthy company on a cheap ? When people sell without looking forward . I will be buying more today and more when it drops .
fatpanda ( Date: 14-Nov-2017 09:23) Posted:
Selling is not that strong at this moment. The performace of O& G sector is expected to be weak during this perod. And the Q3 results matched the overall performace of O& G sector, simillar to other O& G companies. The key points to survive is to secure more contracts, maintain healthy balance sheet and cost cutting. As the oil price is projected to be improved further, the results for next few quarters should be better.
" Knee jerk" reaction. Maybe it is about time to consider " bottom fishing" . |
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Yup . I m loading up to hold . Good exposure to chins food industry.
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Yes I agree with you. Falcon is going to close shop soon as it is facing an o See to repay usd$20 mil from ambank and somemore it?s financial results is lousy yet it?s prices is climbing everyday .
TraderBen ( Date: 13-Nov-2017 11:57) Posted:
| falcon jus kena issue writ also can go up.. well.. this is the stock market.. doesnt work in a rational way afterall. |
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Actually worth to buy more as the current price is almost 100% lower than NAV if 17.9c. I will accumulate more since the price is so cheap .
Thinkvest ( Date: 13-Nov-2017 09:30) Posted:
| Keep some for long term and it can give positive returns, quite possible companies like Chasen will benefit from belt and road initiative. |
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Thanks for the information! Will buy anda keep for the future . Looks like the company is in good shape plus it distribute dividends every year.
josephyeo ( Date: 10-Nov-2017 20:06) Posted:
Chasen just released its result. Below is an update on its performance:
1Q' 17 (Apr to June2017) .. profit 8K
2Q' 17 (July to Sept ' 17) .... profit 55k
3Q' 17 (Oct to Dec ' 17) ...... profit 1.3 mil
4Q' 18 (Jan to Mar ' 18) ...... profit 1.2 mil
Full year (Apr' 17 to Mar ' 18) .. profit 2.6 mil
1Q' 18 (Apr to june' 18) .. profit 0.755 mil
2Q' 18 (July to Sept' 18) .. profit 0.951 mil
Half year ' 18 .. profit 1.7 mil.
This is a huge improvement over last year half year profit of 63k.
A quote from the management:
Quote
Barring unforeseen circumstances, the Group expects its
Specialist Relocation Business Segment especially its projects
in the PRC and USA to continue to contribute positively to the
Group results for the current financial year.
The Group also expects further growth in the cross-border traffic
across Southeast Asia. Recently secured projects by construction
related business in the Technical and Engineering Business Segment
are expected to commence by the end of the current financial year.
Unquote
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You have a valid point . I am not yet vested .
jansen ( Date: 10-Nov-2017 15:18) Posted:
my point exactly. yesterday' s financials doesn' t speak much good news to investors as was pointed out by a few forumers here.
another point which you mentioned was temasek holdings holding 40%, this could only contribute towards price stability not price growth.
there' s always a reason why small players deal with crisis better than big players, it' s because of leaner operation
One last pointer which you also pointed out, companies with healthy net cash. These are companies who can exercise options to increase market cap or diversify when things are not looking good. The last thing you want is to have a golden opportunity presented but unable to take it.
anyway, oil prices is as likely to go back to 50s as it is likely to hit 70s. since it' s known that FR is selling, why hurry in? It' s not as if this counter is going to rocket while a SSH is taking a huge dump. might be good to play within the range if you have the risk appetite. but that' s a different style of trade.
WL123456 ( Date: 10-Nov-2017 15:05) Posted:
| Kris is upstream O and G and will be a direct beneficiary of the increase in crude oil prices . Kris is backed by Temasek Holdings who holds a 40% take in kris energy . Recently just won a 90% stake in Cambodia oilfield and is selling some of its stake and is in talks with energy giants Totaloil , statoil etc . Hence as Long as oil stay above $60, kris will be forward looking . Of course there is also Smaller players like Rex whose financials are in better shape and Interra or services players such as Mermaid marinetime which is a net cash company of $106 million . |
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Kris is upstream O and G and will be a direct beneficiary of the increase in crude oil prices . Kris is backed by Temasek Holdings who holds a 40% take in kris energy . Recently just won a 90% stake in Cambodia oilfield and is selling some of its stake and is in talks with energy giants Totaloil , statoil etc . Hence as Long as oil stay above $60, kris will be forward looking . Of course there is also Smaller players like Rex whose financials are in better shape and Interra or services players such as Mermaid marinetime which is a net cash company of $106 million .
jansen ( Date: 10-Nov-2017 14:57) Posted:
| if brent stay above USD 60, plenty of counters to buy, but why Kris? |
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