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Nam Cheong
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sun233
Elite |
22-Dec-2014 13:11
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Anyone get the feeling this is being pushed down............... |
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sun233
Elite |
18-Dec-2014 14:47
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Let' s hope so. Fingers crossed for Santa Claus rally. Putin speaking at 12 noon moscow time. He might sway the markets.
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Heero78
Veteran |
18-Dec-2014 09:48
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i not sure but i always see a pattern ....normally ezion/ezra/keppel will reacts first then followed by nam cheong...so i think nam cheong will up a few bids today...
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sun233
Elite |
18-Dec-2014 09:45
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Keppel moving up but this one still sleeping. |
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Heero78
Veteran |
16-Dec-2014 17:52
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What is ur definition of steep? Look at Ezra and ezion...then u tell me whether it is steep.
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RedEye1811
Master |
16-Dec-2014 17:05
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The decline in NC from early Oct to now has been steep...BUT only was talking about TODAY and it relative to STI today ONLY and fall of oil today...
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jwong016
Senior |
16-Dec-2014 17:01
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should note the nature of NC business model whereby they build vessels without securing contracts first. should oil drop further, and companies stop buying... they will have problems with cash flow...
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calvino
Member |
16-Dec-2014 17:00
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From 9th Oct' 14 till present, the price has slide from 0.44 to 0.29 (-34%) Is that steep fall?
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RedEye1811
Master |
16-Dec-2014 16:33
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Pragmatically NC actually did well....given the drop in the price of oil, one can strongly argue should have fallen far more...It only dropped 0.5c at moment...and 1c at most during day....the chg in bid price for NC is 0.5c so any shift up or down by a single bid will exaggerate the % change...NC in generally been fairly stable rather than fallen off a cliff...in contrast, something like DBS (yes, not comparing apples to apples but) it has fallen around 60c which is a lot of bid levels and supports crashed through....NC more or less stuck at its support but lot of others in market been hit fall more...
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Heero78
Veteran |
16-Dec-2014 15:19
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pls tell which stocks are not spared today...every counters in STI lose le
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sheerluck
Supreme |
16-Dec-2014 14:02
Yells: "Work for your money first then let your money work for you" |
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Hate to say this but NC really losing it in this market..... |
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moron101
Supreme |
15-Dec-2014 20:09
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This one plunged with Reggit. .. No hope liao.. 25 cents is possible.. | ||||
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ballball58
Member |
11-Dec-2014 13:09
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Right now, NC has not broken below 30c, nor Kep Corp below $8, nor Ezion below $1. Pac Rad briefly hit 68c but has gone back to abv 70c. Would love to get each of them at 15 to 20% cheaper than current price. |
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limkt009
Master |
11-Dec-2014 11:47
Yells: "Watch your front, grab $$$$$$$$ at your own time" |
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Standing by at 0.25.
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Heero78
Veteran |
11-Dec-2014 11:18
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During this saga, which O& G/offshore counters are not affected? Look at mermaid, ezion, ezra...all dropped about 20~50%.
NC BTS biz model definitely is riskier but we are still not sure yet....currently the whole market is overkilled in a speculative way.I am vested with -20% loss in NC (no harm to let others know about it) hahaha i think if break 0.30, then i halleluyah..... |
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ballball58
Member |
11-Dec-2014 10:46
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Thanks for your analysis. It' s very enlightening. |
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sheerluck
Supreme |
11-Dec-2014 10:12
Yells: "Work for your money first then let your money work for you" |
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In good times, market is happy to grant NC risky BTS strategy. But in current times, it does not. Note that previously NC is able to sell vessels with a 10%-15% premium when demand seems strong because faster delivery with its BTS strategy. Now demand is very weak. This premium is unlikely to be there and might even have to lower price. Look at inventroy level of RM837mil and retained earning of RM616mil and 9M net profit of RM261mil. Assuming BTS revenue are booked at cost but they have to offer say 20% discount to sell vessel, then 20% of that RM837mil is about RM167mil which is about 27% of retain earning or 64% or 9M FY14 net profit at risk. You can play around these figures to have a feel of what risk you might be facing. My main point being, part of NC profit is based on BTS revenue which are not supported by any contract but mgmt track record of sale. Before oil price dropped 40%, market grant NC this track record but now market is of the view, past performance is not an indicator of future return and they are discounting that portion of NC profit heavily now. The short-term saving pill for NC is really that confirm of US186mil contract. My view. DYDD. As mentioned earlier, I am no longer vested in NC so take my word with a grain of salt. |
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hp3000
Veteran |
11-Dec-2014 10:04
Yells: "Huart Ah !! Count $$$$$ liao" |
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Almost going down to it 52 weeks low liao 28 cts may come.
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ballball58
Member |
11-Dec-2014 09:37
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It' s really a great lesson to all investors that no matter how wonderful a stock is doing, it can fall from grace in a matter of weeks or even days (Valuetronics is another case in point). Still, I believe that NC is a smarter co than the market gives it credit for. |
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RoundRound
Elite |
11-Dec-2014 09:26
Yells: "Tikam Tikam can also" |
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A darling stock and favourite among analysts and investors and once not many moons ago reached 50 cents is now trashed to 30 cents... shocking | ||||
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