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sheerluck Supreme	20-Mar-2017 13:45        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	I think the CEO only knows about it on the same day as us. Just4win      ( Date: 20-Mar-2017 12:21) Posted: CEO is the first to run... not optismistic at all.   granto      ( Date: 20-Mar-2017 12:18) Posted: Agree, SGX needs to be more proactive in highlighting these train wreckages - the figures speak for themselves:  http://splash247.com/auditor-casts-serious-doubts-on-nam-cheong/
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laksaman57 Supreme	20-Mar-2017 13:14        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Well said 👍 alishan      ( Date: 20-Mar-2017 12:52) Posted: Nam Cheong in chinese sounds like cheong to the south.   As its name, this counter can cheong arkh at least !
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alishan Senior	20-Mar-2017 12:52        alishan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nam Cheong in chinese sounds like cheong to the south.   As its name, this counter can cheong arkh at least !
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laksaman57 Supreme	20-Mar-2017 12:23        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Auditor same as Ezra's ? Auditor better perform professionally ! granto      ( Date: 20-Mar-2017 12:18) Posted: Agree, SGX needs to be more proactive in highlighting these train wreckages - the figures speak for themselves:  http://splash247.com/auditor-casts-serious-doubts-on-nam-cheong/
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Just4win Supreme	20-Mar-2017 12:21        Just4win About Contact  Quote this Post!
x 0   x 0  Alert Admin	CEO is the first to run... not optismistic at all.   granto      ( Date: 20-Mar-2017 12:18) Posted: Agree, SGX needs to be more proactive in highlighting these train wreckages - the figures speak for themselves:  http://splash247.com/auditor-casts-serious-doubts-on-nam-cheong/
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granto Master	20-Mar-2017 12:18        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree, SGX needs to be more proactive in highlighting these train wreckages - the figures speak for themselves:  http://splash247.com/auditor-casts-serious-doubts-on-nam-cheong/
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tankookoo Master	20-Mar-2017 11:50        tankookoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	matter of time...at best a speculative trading stock..buy and sell within same day...never know what will happen next week...sudden halt, than suspend, then sayonara...    laksaman57      ( Date: 20-Mar-2017 09:38) Posted: Not before it reaches sub-2￠ like Ezra dragonboy76      ( Date: 20-Mar-2017 07:36) Posted: Yup. Another potential candidate to go this or next year
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wishbone Master	20-Mar-2017 10:55        wishbone About Contact  Quote this Post!
x 0   x 0  Alert Admin	O & G counters have to give a miss at least for a long while. Unable to see the end of the tunnel and hence do not whether there is any light.   laksaman57      ( Date: 20-Mar-2017 10:52) Posted: After Ezra episode, sgx may take pre empt action on coy, with serious concern, to safe guard investor interest
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laksaman57 Supreme	20-Mar-2017 10:52        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	After Ezra episode, sgx may take pre empt action on coy, with serious concern, to safe guard investor interest
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gravity8888 Supreme	20-Mar-2017 10:00        gravity8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will it get suspended.. Nowadays better to run first then talk later if vested
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laksaman57 Supreme	20-Mar-2017 09:38        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not before it reaches sub-2￠ like Ezra dragonboy76      ( Date: 20-Mar-2017 07:36) Posted: Yup. Another potential candidate to go this or next year
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granto Master	20-Mar-2017 09:38        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	Share sell-off rather interesting! granto      ( Date: 20-Mar-2017 07:30) Posted: Another offshore-related company in serious trouble... Auditor casts serious doubts on Nam Cheong http://splash247.com/auditor-casts-serious-doubts-on-nam-cheong/
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dragonboy76 Master	20-Mar-2017 07:36        dragonboy76 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yup. Another potential candidate to go this or next year
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granto Master	20-Mar-2017 07:30        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	Another offshore-related company in serious trouble... Auditor casts serious doubts on Nam Cheong http://splash247.com/auditor-casts-serious-doubts-on-nam-cheong/
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hardwired Senior	19-Mar-2017 11:37        hardwired About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	I think so too. It' s time to say sayonara. to a pretty good company whose business model just didn' t work under the current climate. Hard to believe that just 3 years ago, it was raking in record revenue and profit and the market couldn' t get enough of its new OSVs. kerier      ( Date: 19-Mar-2017 09:59) Posted: My guess is they will wave the white flag. NC builds the less sophiscated OSVs which are currently in massive oversupply and readily available in the secondary market. Previously it built vessels on speculation and that worked but now with low oil prices as the new normal, it will be very difficult to get a new order in the near future.
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kerier Veteran	19-Mar-2017 09:59        kerier About Contact  Quote this Post!
x 0   x 0  Alert Admin	My guess is they will wave the white flag. NC builds the less sophiscated OSVs which are currently in massive oversupply and readily available in the secondary market. Previously it built vessels on speculation and that worked but now with low oil prices as the new normal, it will be very difficult to get a new order in the near future.
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BillionX Senior	18-Mar-2017 10:56        BillionX About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will the management waive the white flag or is there a white knight in the horizon? A company like Nam Cheong must have sufficient goodwill capital and technical know-how to diversify into different segment of  boat building industry.The total dependence on oil to recover is mind boggling given the common knowledge that it will not recover in the near future.
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sheerluck Supreme	18-Mar-2017 10:39        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	EMPHASIS OF MATTER BY INDEPENDENT AUDITORS ON THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 http://infopub.sgx.com/FileOpen/NCL%20-%20EOM%20Final.ashx?App=Announcement& FileID=443778 Will this music stop? sheerluck      ( Date: 15-Mar-2017 22:30) Posted: NC is funding all its BTS vessel through debts without any prospect of sellign them in near, mid and unfortunately long term is US$50-$60 is new norm for oil price.   NC has become a ticking time bomb. The frequency of the CEO selling recently is really " disturbing" .   Seems like a prelude a major oncoming disastrous event. Watch out for it...... hardwired      ( Date: 15-Mar-2017 22:00) Posted: It is really hard to see how NC can ever pull out of its current demise. NC is simply too  far down in the food chain to be positively impacted by any  relief in the price of oil. The over supply of OSV globally means it will probably take years before demand for new builds  to surface. The picture is extremely bleak, and when the CEO starts off loading his shareholdings, you get a glimpse of what is in store. This stock is absolutely for punters and has little to no investment value, unless one has a lot of cash to throw away or balls of steel. Good luck fellows.
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oldbirdy Senior	18-Mar-2017 10:25        oldbirdy About Contact  Quote this Post!
x 0   x 0  Alert Admin	???? sheerluck      ( Date: 17-Mar-2017 23:41) Posted: The truth is out.   EOM by auditor.   CEO actions suggest NC will be WC soon. sheerluck      ( Date: 16-Mar-2017 18:07) Posted: CEO sold another 225k shares at 4.6cts.....I think shareholders must hantam him during AGM.   Maybe he resign just before AGM to siam AGM.   Who knows.........
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sheerluck Supreme	17-Mar-2017 23:41        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	The truth is out.   EOM by auditor.   CEO actions suggest NC will be WC soon. sheerluck      ( Date: 16-Mar-2017 18:07) Posted: CEO sold another 225k shares at 4.6cts.....I think shareholders must hantam him during AGM.   Maybe he resign just before AGM to siam AGM.   Who knows......... sheerluck      ( Date: 15-Mar-2017 17:22) Posted: WTF!!?!?!   EO sold another 2.35mil shares at 4.6cts yesterday.   This one even CEO forsake.   Looks like 2cts coming.
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