| Latest Forum Topics / Seatrium Last:0.091 -- |
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SembM Re-Born Rich
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Rockyhula
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12-Nov-2023 15:49
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I hv accumulated almost a million shares.  Now sit back and dont look for the next few years.   
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Joyoftheworld
Master |
12-Nov-2023 15:36
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The positive is that Sink51 has already reported positive EBITA and cashflow in their H1 2023 result. That' s why 10+ cents is a strong support area. The negative is we would not hear " net profit" until at least Q1 update next May. Til then, I think might not break up decisively above 12.2 cents....although I hope I am wrong and Spring arrives earlier than expected.
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Login20
Master |
12-Nov-2023 12:50
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Follow with the flow I meant
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Login20
Master |
12-Nov-2023 12:48
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While we look on the positive sides, please remember short selling is still at relatively high volume until today, and short selling will never go away, which we will have to live with it like covid.
Of course we hope Seatrium will fly which we believe will in the near future, hopefully, but currently while price seem bottom, short selling is still high. Can winning of the FPSO make a true turn around? Or until net profit really step in? Still have to be DYODD for all. Some buy more to average down, some cut lost, some shift counter, some follow with the follow. What is individual taste and risk is important. I am still vested with many Seatrium shares. Sad with this price while it offer opportunities. |
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Goodwill77
Supreme |
12-Nov-2023 11:59
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At this price level, buy a bit and it will have to rebound real soon Huat ah! |
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Chansenghoe1971
Elite |
12-Nov-2023 08:44
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True, 2023 may yet spring some positive surprises for Ebitda and operating cashflow though nobody expects them to be net positive. Any positive should give the price an important impetus.
Next year, strategic review should provide more positive insights. All factors seem favourable no manpower issue (as in Covid lockdowns), more contract wins, macro factors providing some tailwinds. 2024 must be a momentous year and it may all be about margins and execution of contracts. Again stock market is always ahead. So we should see some price movement before 2024.
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vicloo
Supreme |
11-Nov-2023 20:55
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Market still waiting for the outcome of strategic review which was started since March-23. At the end of the day, what needs to be done to be profitable 👍 👍 👍
https://www.upstreamonline.com/finance/seatrium-braces-investors-for-full-year-loss-with-strategic-review-results-pending/2-1-1550618
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Chansenghoe1971
Elite |
11-Nov-2023 17:57
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Runway should be clear for take off on Monday.
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Joyoftheworld
Master |
11-Nov-2023 17:20
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Barossa Project: BW Offshore' s Massive FPSO Hull Sets Sail for SingaporeNov 9, 2023
BW Opal FPSO hull - Credit: BW Offshore
FPSO leasing company BW Offshore said Thursday that the hull of BW Opal, one of the largest FPSO hulls ever built and destined for Santos' Barossa gas project in Australia, had set sail from a yard in South Korea and was en route to Singapore for topside integration. 90% of the global FPSO hulls are built in China while 75% of the FPSO topsides integration seems to be done in Singapore, mostly by KOM. Just not too sure how profitable is topside integration work... |
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Joyoftheworld
Master |
11-Nov-2023 17:15
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Yes, already mentioned. Pricing is critical. Below USD3.1 billion would be bad news. Above USD3.1 billion would be somewhat positive.
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n3wbie
Elite |
11-Nov-2023 16:56
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Thanks for sharing - also means it is almost certain that they will land at least one multi-billion contract whenever the details are sorted
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PiRPiR
Master |
11-Nov-2023 16:06
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Complexity of contract slows Petrobras FPSO awards
State-owned Petrobras is still in negotiations with the two short-listed bidders ? Seatrium and China?s Offshore Oil Engineering Company (COOEC) ? in the protracted tender process for the P-84 and P-85 floating production, storage and offloading vessels respectively destined for its Atapu and Sepia fields offshore Brazil. Confirming earlier Upstream reports, Seatrium chief executive Chris Ong on Wednesday said that the tender had indeed narrowed down to the two contractors. https://www.upstreamonline.com/field-development/complexity-of-contract-slows-petrobras-fpso-awards/2-1-1550639 |
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HuatAh7898
Elite |
11-Nov-2023 15:58
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Decision for share consolidation will not be make without considering price after that no need to worry lah Huat ah!   |
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eddyeddy
Master |
11-Nov-2023 11:06
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This shareholder , Heng Siew Eng , owns quite a ot of shares in this counter , also in UG healthcare , OUE comm , etc , very solid investor .x | ||||
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Chansenghoe1971
Elite |
11-Nov-2023 10:22
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Market is overreacting to rumours of share consolidation. Yes it is a known fact, share consolidation will happen but management has mentioned the timing must be right. I see this happening next year when they are back to profitability and price may have to ramp up to 20 and consolidate 10:1. With the momentum and geopolitical situation unlikely to ebb till Trump gets re elected, it should trade above $2 post consolidation. My views.
The price should rightly be trading above 0.15 by now. |
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PiRPiR
Master |
10-Nov-2023 23:47
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With orders set to reach $173 billion, ?robust? demand in store for FPSO, FLNG and other floating production units
https://www.offshore-energy.biz/with-orders-set-to-reach-173-billion-robust-demand-in-store-for-fpso-flng-and-other-floating-production-units/ |
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HuatAh7898
Elite |
10-Nov-2023 16:50
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So many sellers at this price level ... Huat Ah! | ||||
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eugesun
Elite |
10-Nov-2023 15:55
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Still tiny volume, looks like ran out steam for shorts...
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Battle123
Elite |
10-Nov-2023 15:30
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Add more ...   |
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PiRPiR
Master |
10-Nov-2023 15:05
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Seatrium in talks with existing and new customers for FLNG projects Conversions proving attractive versus newbuilds in light of supply chain concerns 10 November 2023 0:50 GMT UPDATED 10 November 2023 6:55 GMT https://www.upstreamonline.com/lng/seatrium-in-talks-with-existing-and-new-customers-for-flng-projects/2-1-1552239 |
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