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Latest Forum Topics / Swiber  Post Reply
Swiber bags US$133-million contract in India orde
Daxtheman
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10-Jun-2020 21:43     
 
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FATABA      ( Date: 10-Jun-2020 21:11) Posted:

Bro 
Dont hv too much hope ...maybe just a little eventually .
This Rawabi is planning ( NOT CFM due to various issue still hv to iron out ) ......n forming what they call NEW Swiber. 
Eventually yr Swiber mayb convert into the NEW Swiber ....( be prepare for like 10 to 1 share of worst ) 
As this buyer has to settle the debt n working capital ....lol 
ANother 6 mths wait at least ....if OK they will send u letter. LOL 
I mayb wrong....let wait n see. 

Daxtheman      ( Date: 10-Jun-2020 17:28) Posted:

For those who held Swiber stocks previously. What is to happen
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FATABA
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10-Jun-2020 21:11     
 
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 Alert Admin 		Bro 
Dont hv too much hope ...maybe just a little eventually .
This Rawabi is planning ( NOT CFM due to various issue still hv to iron out ) ......n forming what they call NEW Swiber. 
Eventually yr Swiber mayb convert into the NEW Swiber ....( be prepare for like 10 to 1 share of worst ) 
As this buyer has to settle the debt n working capital ....lol 
ANother 6 mths wait at least ....if OK they will send u letter. LOL 
I mayb wrong....let wait n see. 

Daxtheman      ( Date: 10-Jun-2020 17:28) Posted:

For those who held Swiber stocks previously. What is to happen?

FATABA      ( Date: 10-Jun-2020 16:18) Posted:

Wow FINALLY > > > > some news on this turkey ....
 

SINGAPORE (June 8): Rawabi Holding Company, a Saudi  energy services provider, plans to invest US$200 million (S$278.6 million) in Swiber Holdings, which is under judicial management.

On Monday, Swiber Holdings and its wholly-owned subsidiary Equatoriale Energy has entered into a binding term sheet with Rawabi.

Under the agreement, a new wholly-owned subsidiary, New Swiber, will be incorporated by Swiber Holdings at an issue price of US$10 million, as part of the initial investment. 

The exact number and price of the news shares will be determined.

Rawabi Holding Company will be buying new ordinary shares in New Swiber for the same amount. The initial subscription shares under New Swiber will comprise some 80% of New Swiber&rsquo s enlarged total issued shares. 

Rawabi will also invest US$190 million for new preference shares in the capital of Equitoriale Energy and/or New Swiber. This will be undertaken in tranches to be agreed in the subsequent investment, based on whether relevant milestones are being met.

As part of the deal, Swiber will be transferring certain assets it now owns to the New Swiber entity. They include four vessels, namely Resiliant and Swiber Quetzal, Swiber Ada and Swiber Oslo a JTC leasehold property located at 12 International Business Park, Swiber@IBP.

Rawabi plans to tap Swiber&rsquo s engineering capabilities and technical expertise to jointly bid to develop a US$1 billion LNG power plant in Vietnam.

Shares in Swiber last traded at 10.9 cents before its trading halt in Aug 1, 2016. It has been in judicial management since Oct 6 that year.



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Daxtheman
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10-Jun-2020 17:28     
 
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 Alert Admin 		For those who held Swiber stocks previously. What is to happen?

FATABA      ( Date: 10-Jun-2020 16:18) Posted:

Wow FINALLY > > > > some news on this turkey ....
 

SINGAPORE (June 8): Rawabi Holding Company, a Saudi  energy services provider, plans to invest US$200 million (S$278.6 million) in Swiber Holdings, which is under judicial management.

On Monday, Swiber Holdings and its wholly-owned subsidiary Equatoriale Energy has entered into a binding term sheet with Rawabi.

Under the agreement, a new wholly-owned subsidiary, New Swiber, will be incorporated by Swiber Holdings at an issue price of US$10 million, as part of the initial investment. 

The exact number and price of the news shares will be determined.

Rawabi Holding Company will be buying new ordinary shares in New Swiber for the same amount. The initial subscription shares under New Swiber will comprise some 80% of New Swiber&rsquo s enlarged total issued shares. 

Rawabi will also invest US$190 million for new preference shares in the capital of Equitoriale Energy and/or New Swiber. This will be undertaken in tranches to be agreed in the subsequent investment, based on whether relevant milestones are being met.

As part of the deal, Swiber will be transferring certain assets it now owns to the New Swiber entity. They include four vessels, namely Resiliant and Swiber Quetzal, Swiber Ada and Swiber Oslo a JTC leasehold property located at 12 International Business Park, Swiber@IBP.

Rawabi plans to tap Swiber&rsquo s engineering capabilities and technical expertise to jointly bid to develop a US$1 billion LNG power plant in Vietnam.

Shares in Swiber last traded at 10.9 cents before its trading halt in Aug 1, 2016. It has been in judicial management since Oct 6 that year.


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FATABA
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10-Jun-2020 16:18     
 
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 Alert Admin 		Wow FINALLY > > > > some news on this turkey ....
 

SINGAPORE (June 8): Rawabi Holding Company, a Saudi  energy services provider, plans to invest US$200 million (S$278.6 million) in Swiber Holdings, which is under judicial management.

On Monday, Swiber Holdings and its wholly-owned subsidiary Equatoriale Energy has entered into a binding term sheet with Rawabi.

Under the agreement, a new wholly-owned subsidiary, New Swiber, will be incorporated by Swiber Holdings at an issue price of US$10 million, as part of the initial investment. 

The exact number and price of the news shares will be determined.

Rawabi Holding Company will be buying new ordinary shares in New Swiber for the same amount. The initial subscription shares under New Swiber will comprise some 80% of New Swiber&rsquo s enlarged total issued shares. 

Rawabi will also invest US$190 million for new preference shares in the capital of Equitoriale Energy and/or New Swiber. This will be undertaken in tranches to be agreed in the subsequent investment, based on whether relevant milestones are being met.

As part of the deal, Swiber will be transferring certain assets it now owns to the New Swiber entity. They include four vessels, namely Resiliant and Swiber Quetzal, Swiber Ada and Swiber Oslo a JTC leasehold property located at 12 International Business Park, Swiber@IBP.

Rawabi plans to tap Swiber&rsquo s engineering capabilities and technical expertise to jointly bid to develop a US$1 billion LNG power plant in Vietnam.

Shares in Swiber last traded at 10.9 cents before its trading halt in Aug 1, 2016. It has been in judicial management since Oct 6 that year.

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swv001
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19-Jul-2016 13:39     
 
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Why were all the recent messages for Swiber deleted ?
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risktaker
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15-Apr-2015 12:52     
 
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lglg666      ( Date: 15-Apr-2015 11:48) Posted:

This is another beaten down stock and it'll retraced its price soon. Already it has a nice run up
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lglg666
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15-Apr-2015 11:48     
 
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 Alert Admin 		This is another beaten down stock and it'll retraced its price soon. Already it has a nice run up
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KAMAL0883
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15-Apr-2015 10:57     
 
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you do hv the point yes

and some of it customers also consider can delay or default Swiber' s debt

 

Qanghoo      ( Date: 15-Apr-2015 10:52) Posted:



This coy' s regularity in winning contracts is amazing.  Problem is they don' t translate into strong profits.  So, one could only conclude that the contracts are won at fire-sale prices. 

ykjuay      ( Date: 15-Apr-2015 09:32) Posted:



SINGAPORE (April 15): Swiber Holdings has clinched a new contract worth US$133 million ($181 million) from a repeat customer in India, marking its third project in the country this year.

The latest project, scheduled to be completed by 2Q2016, requires Swiber to provide engineering, procurement, installation and construction services for six pipelines totalling 60km.

The contract was awarded by the same national oil company that gave Swiber its two India deals in the last two months.

Swiber' s order book now stands at a record high of almost US$2 billion.


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FATABA
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15-Apr-2015 10:56     
 
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Do agree that Swiber is heavy in debt and a lot of receivables awaiting. ( what if these are collected )
However this $2B orders is very healthy for them to stay alive. ( certainly margin maybe small.) BUT which means they can afford to be selective now and
go for higher margins. ( not forgeting when oil prices turn around...and so Swiber business. )
Worth monitoring.

Qanghoo      ( Date: 15-Apr-2015 10:52) Posted:



This coy' s regularity in winning contracts is amazing.  Problem is they don' t translate into strong profits.  So, one could only conclude that the contracts are won at fire-sale prices. 

ykjuay      ( Date: 15-Apr-2015 09:32) Posted:



SINGAPORE (April 15): Swiber Holdings has clinched a new contract worth US$133 million ($181 million) from a repeat customer in India, marking its third project in the country this year.

The latest project, scheduled to be completed by 2Q2016, requires Swiber to provide engineering, procurement, installation and construction services for six pipelines totalling 60km.

The contract was awarded by the same national oil company that gave Swiber its two India deals in the last two months.

Swiber' s order book now stands at a record high of almost US$2 billion.


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Qanghoo
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15-Apr-2015 10:52     
 
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This coy' s regularity in winning contracts is amazing.  Problem is they don' t translate into strong profits.  So, one could only conclude that the contracts are won at fire-sale prices. 

ykjuay      ( Date: 15-Apr-2015 09:32) Posted:



SINGAPORE (April 15): Swiber Holdings has clinched a new contract worth US$133 million ($181 million) from a repeat customer in India, marking its third project in the country this year.

The latest project, scheduled to be completed by 2Q2016, requires Swiber to provide engineering, procurement, installation and construction services for six pipelines totalling 60km.

The contract was awarded by the same national oil company that gave Swiber its two India deals in the last two months.

Swiber' s order book now stands at a record high of almost US$2 billion.

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ykjuay
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15-Apr-2015 09:32     
 
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SINGAPORE (April 15): Swiber Holdings has clinched a new contract worth US$133 million ($181 million) from a repeat customer in India, marking its third project in the country this year.

The latest project, scheduled to be completed by 2Q2016, requires Swiber to provide engineering, procurement, installation and construction services for six pipelines totalling 60km.

The contract was awarded by the same national oil company that gave Swiber its two India deals in the last two months.

Swiber' s order book now stands at a record high of almost US$2 billion.
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