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pool100 Veteran	04-Aug-2026 10:25        pool100 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Absolute disaster of a company. From latest results, top line and bottom line both decreased. That' s totally unacceptable for a company that is almost debt free. How can a vessel owner with no debt produce such terrible results?? I notice that despite the management selling away  so many vessels over the years, the administrative costs not only didn' t come down, but it went up instead! That is poor management. By right costs should come down with depleting fleet. It needs no reminder that CHO' s vessels are not just old, but one year older and close to junk status already. What' s the plan? The shareholders deserve an answer. This incompetent management has truly run the company to the ground. The old shareholders like us all miss the solid management of Mr Jimmy Peh. He was generous and really managed/grew the CHO well. How we wish he' s back to show these guys how to run a company...
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salterpoint Member	29-Jun-2026 02:24        salterpoint About Contact  Quote this Post!
x 0   x 0  Alert Admin	From a Baker tech shareholder perspective, CH Offshore is nothing but a junkyard with just a few old vessels due to be scrapped soon. It was a stupid decision to acquire CHO in the first place. It' s just a sinking ship and Baker wasted $50m+ of our shareholder funds to buy this piece of junk. Now it' s only worth about 20 cents to the dollar of our original investment. If Baker management had a clear growth plan to grow CHO, we would have been happy to support. But since acquiring the company 8 years ago, nothing has been done to grow the company and now the vessels are as good as junk with no fleet renewal plans at all. I think our money is down the drain and as good as gone already. Really stupid decision and stupid of Baker management to throw good money away for nothing. joe1991      ( Date: 27-Apr-2026 21:45) Posted: i shd have cut loss long ago. anyway my investments in shares are very little .maybe age are catching up. just made some noise hoping for some miracles... 😂 pool100      ( Date: 27-Apr-2026 20:08) Posted: Lanjiao is the word. I was really upset with the Baker management for that meaningless rights issue. It served no purpose and the company was healthy and didn' t need to do the cash call at all. Only the minority shareholders suffered as all of us had to cough up the cash. If it was to buy new vessels or for earnings accretive purpose, it would have been appreciated. But to do a rights issue and put the cash in the bank to earn interest at 1-2%, that' s really dumb. So far, they have not announced using the funds for other purposes and to me that' s destroying shareholder value. Coming from the chuan hup days, I only wished that Jimmy Peh didn' t sell off CHO. It would have been better managed than the current Baker management. The company would probably have grown instead of being run to the ground. I finally cut loss as I feel that this company is hopeless already. Market cap will get smaller and smaller as the vessels get older by each year until scrap. It' s a painful lesson
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joe1991 Veteran	27-Apr-2026 21:45        joe1991 About Contact  Quote this Post!
x 0   x 0  Alert Admin	i shd have cut loss long ago. anyway my investments in shares are very little .maybe age are catching up. just made some noise hoping for some miracles... 😂 pool100      ( Date: 27-Apr-2026 20:08) Posted: Lanjiao is the word. I was really upset with the Baker management for that meaningless rights issue. It served no purpose and the company was healthy and didn' t need to do the cash call at all. Only the minority shareholders suffered as all of us had to cough up the cash. If it was to buy new vessels or for earnings accretive purpose, it would have been appreciated. But to do a rights issue and put the cash in the bank to earn interest at 1-2%, that' s really dumb. So far, they have not announced using the funds for other purposes and to me that' s destroying shareholder value. Coming from the chuan hup days, I only wished that Jimmy Peh didn' t sell off CHO. It would have been better managed than the current Baker management. The company would probably have grown instead of being run to the ground. I finally cut loss as I feel that this company is hopeless already. Market cap will get smaller and smaller as the vessels get older by each year until scrap. It' s a painful lesson. joe1991      ( Date: 24-Apr-2026 07:07) Posted: i too got stuck here...lanjiao stock.
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pool100 Veteran	27-Apr-2026 20:08        pool100 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lanjiao is the word. I was really upset with the Baker management for that meaningless rights issue. It served no purpose and the company was healthy and didn' t need to do the cash call at all. Only the minority shareholders suffered as all of us had to cough up the cash. If it was to buy new vessels or for earnings accretive purpose, it would have been appreciated. But to do a rights issue and put the cash in the bank to earn interest at 1-2%, that' s really dumb. So far, they have not announced using the funds for other purposes and to me that' s destroying shareholder value. Coming from the chuan hup days, I only wished that Jimmy Peh didn' t sell off CHO. It would have been better managed than the current Baker management. The company would probably have grown instead of being run to the ground. I finally cut loss as I feel that this company is hopeless already. Market cap will get smaller and smaller as the vessels get older by each year until scrap. It' s a painful lesson. joe1991      ( Date: 24-Apr-2026 07:07) Posted: i too got stuck here...lanjiao stock.
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joe1991 Veteran	24-Apr-2026 07:07        joe1991 About Contact  Quote this Post!
x 0   x 0  Alert Admin	i too got stuck here...lanjiao stock.
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pool100 Veteran	24-Apr-2026 05:21        pool100 About Contact  Quote this Post!
x 1   x 0  Alert Admin	Just reviewing some of the old stocks that I used to own and this is one of them. I saw their latest results and I conclude that this company is hopeless already. Last time under Jimmy Peh and team from Chuan Hup, this was a cash cow with more than 15 vessels. Now it appears that the new owners Baker Tech has sold down their fleet to only 6 vessels today and most of them are pretty old already. I give them maybe 2-3 more years of lifespan? All other O& G vessel owners have strengthened their fleet post covid and grown from strength to strength. It seems that only CHO didn' t. Not sure that' s their plans but it appears this management is just running the company to the ground. We kena the meaningless cash call from the rights issue and it seems that they raised funds to put them in the bank?? Shareholders ought to bang table and ask why. In this business, fleet renewal is essential. It doesn' t seem to be an objective by this management. Imagine a car rental company like Hertz still running Nissan Sunnys from the 90s today. That' s probably an apt description of CHO. It' s now just a company running 6 old ladies that will be too old and due to be scrapped soon. No plans to renew and just pure value destruction for shareholder. I have sold the shares earlier this year as I can see this company being run to the ground by incompetant management. I owned the shares from old Chuan Hup days and I' ve seen the best and the worst. Now market cap is only SGD29m. It will get smaller and smaller as the vessels get older and older. It' s like dying a slow death and and that' s why I sold and sad to say at a significant loss. ​ If I still have the shares, I' d love to demand answers from the management at the AGM why they allowed this value destruction to happen.
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superstartup Supreme	15-Jan-2026 15:50        superstartup About Contact  Quote this Post! Style: Fundamental   Yells: "Enjoy doing Fundamental Research"
x 0   x 0  Alert Admin	Can see unwinding starts for a few counters, not just micro-caps, but also small-caps and mid-caps. Proprietary traders all trying to cut risk and avoid various companies announcement on Net Loss Guidance.  superstartup      ( Date: 14-Jan-2026 11:13) Posted: Profit Guidance for Net Loss. More micro-cap companies to issue same Net Loss guidance over the coming weeks.
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superstartup Supreme	14-Jan-2026 11:13        superstartup About Contact  Quote this Post! Style: Fundamental   Yells: "Enjoy doing Fundamental Research"
x 0   x 0  Alert Admin	Profit Guidance for Net Loss. More micro-cap companies to issue same Net Loss guidance over the coming weeks.
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piscesmonkey Supreme	31-Dec-2025 11:14        piscesmonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	Heavy duty?
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QueenMaya Senior	31-Dec-2025 11:10        QueenMaya About Contact  Quote this Post!
x 0   x 0  Alert Admin	CH Offshore is cheap on assets and very lightly geared. 1. Quick snapshot (as of late Dec 2025) Approx numbers in SGD: Share price: ~S$0.015 � Financial Times Markets Market cap: ~S$31?32m � Cash: ~S$17.3m (mrq) � Total debt: ~S$5.0m � Net cash: ~S$12m+ (i.e. more cash than debt) � Debt / equity: ~9% (very low leverage) Book value (equity): ~S$41?68m depending on source and FX basis book per share roughly S$0.03 (vs price S$0.015) � TTM net profit: around S$1.0?1.1m (back to profit in FY2024) � P/B ≈ 0.5x (trades at about half of book value) P/E ≈ 30x (earnings still small relative to market cap) EV/EBIT ≈ 10x (after net cash) ? not ?crazy cheap? on operating earnings 2. What looks attractive (why value-hunters glance at it) a) Very conservative balance sheet Total debt only about S$5m vs equity above S$40m debt-to-equity under 10% is low by any standard. Cash ~S$17m gives a net cash position of ~S$12m+, which is big for a S$31m market cap (almost 40% of market cap is net cash). Downside is cushioned by cash + vessels on balance sheet. Company is unlikely to be forced into fire-sale / restructuring just because of debt, unlike many offshore names in the last cycle. b) Trading below book value Book value per share around S$0.03 vs share price ~S$0.015, so you?re buying at about 50 cents on the dollar of accounting equity. vessels are worth close to book (or more in a stronger cycle), and management will eventually unlock that value (charters, sales, M&A, liquidation, etc.). If the OSV/offshore cycle improves and charter rates rise, even a rerating from 0.5x to 0.8?1.0x book could mean a decent % gain even without huge earnings growth. c) Signs of operational turnaround Company moved from losses in FY2022?23 to a small profit in FY2024 (EPS ~US$0.002 vs prior loss). � Revenue has been growing modestly again (high-single-digit % YoY), and ROIC/ROI is positive but low single-digits. � PQTPQK      ( Date: 31-Dec-2025 09:07) Posted: time to move....??
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PQTPQK Supreme	31-Dec-2025 09:07        PQTPQK About Contact  Quote this Post!
x 0   x 0  Alert Admin	time to move....??
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piscesmonkey Supreme	09-Oct-2025 15:21        piscesmonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	Later good news come all goong buy higher liao 😁 piscesmonkey      ( Date: 09-Oct-2025 11:15) Posted: https://www.nextinsight.net/story-archive-mainmenu-60/948-2025/16249-extremely-undervalued-and-flush-with-cash-will-this-company-be-taken-private-for-a-song piscesmonkey      ( Date: 09-Oct-2025 10:59) Posted: Consolidate fewsday at 17 should be breaout 18 and go up 20 above soo
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piscesmonkey Supreme	09-Oct-2025 11:15        piscesmonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.nextinsight.net/story-archive-mainmenu-60/948-2025/16249-extremely-undervalued-and-flush-with-cash-will-this-company-be-taken-private-for-a-song piscesmonkey      ( Date: 09-Oct-2025 10:59) Posted: Consolidate fewsday at 17 should be breaout 18 and go up 20 above soon piscesmonkey      ( Date: 08-Oct-2025 13:58) Posted: https://www.theedgesingapore.com/capital/investing-ideas/cashed-ch-offshore-ideal-privatisation-candidate-lim-tan
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piscesmonkey Supreme	09-Oct-2025 10:59        piscesmonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	Consolidate fewsday at 17 should be breaout 18 and go up 20 above soon piscesmonkey      ( Date: 08-Oct-2025 13:58) Posted: https://www.theedgesingapore.com/capital/investing-ideas/cashed-ch-offshore-ideal-privatisation-candidate-lim-tan
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governor Veteran	09-Oct-2025 09:30        governor About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wolf Money(CH Offshore Ltd)sold https://lonewolfinvestor.blogspot.com/2025/10/wolf-moneych-offshore-ltdsold.html
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piscesmonkey Supreme	08-Oct-2025 13:58        piscesmonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.theedgesingapore.com/capital/investing-ideas/cashed-ch-offshore-ideal-privatisation-candidate-lim-tan
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PQTPQK Supreme	08-Oct-2025 12:05        PQTPQK About Contact  Quote this Post!
x 0   x 0  Alert Admin	should test 0.02 soon ... piscesmonkey      ( Date: 08-Oct-2025 09:57) Posted: Once 18 break should be more up above 20
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superstartup Supreme	08-Oct-2025 10:04        superstartup About Contact  Quote this Post! Style: Fundamental   Yells: "Enjoy doing Fundamental Research"
x 0   x 0  Alert Admin	V nice profit. superstartup      ( Date: 03-Oct-2025 13:40) Posted: No more selling to 15?   superstartup      ( Date: 02-Oct-2025 10:13) Posted: 15 keep getting topped up. Lure or accumulation? ( Please do your own DD )
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piscesmonkey Supreme	08-Oct-2025 09:57        piscesmonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	Once 18 break should be more up above 20
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piscesmonkey Supreme	08-Oct-2025 09:12        piscesmonkey About Contact  Quote this Post!
x 0   x 0  Alert Admin	NAV 0.032 piscesmonkey      ( Date: 08-Oct-2025 09:04) Posted: Suddenly so many buyer? Newbie85      ( Date: 06-Oct-2025 13:06) Posted: One of the last osv that is going to burst!
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