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MarcoPolo Marine
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Marco Polo - IPO
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sheerluck
Supreme |
28-Dec-2015 13:27
Yells: "Work for your money first then let your money work for you" |
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Surprised that this one price didn' t collapse like other O& G related counter.  Although there are hardly any demand for its shares, mostly supported by owner buying some amount in trying to keep price above MTP. |
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sheerluck
Supreme |
18-Dec-2015 17:34
Yells: "Work for your money first then let your money work for you" |
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DMG borrowed the shares but didn' t buy so only need to pay lending fees.  Volume move price.  So with volume, they can in theory move price. Price dropped from 30cts before oil price drop till now only 18+cts.  Who know when they shout BUY BUY BUY, they buy or not?  Your guess as good as mine.
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Nanja-Monja
Member |
18-Dec-2015 16:47
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The share price drop so much DMG still want to lend the share? for this moment I just imagine Lee and his Nautical pledged for a loan, and how much margin interest they need to pay for each month.  
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sheerluck
Supreme |
18-Dec-2015 16:34
Yells: "Work for your money first then let your money work for you" |
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That depends on whether shares are pledged for a loan or just lended. If pledges I suppose they will need to top up when margin called. If lended then I don' t think so. I understand if you lend share, you tranferred the title right to the borrowers but retained the beneficial right.  I am not sure if you pledged then have you transferred both the title and beneficial right to the borrowers. From the announcement on the change of dir interest, Lee and his Nautical are still the beneficial owners.  Assuming he just lend and earn fee, using 18.5cts and 4% lending rate, he and nautical can earn about $600k in fee alone.  So you can imagine when MPM was trading arounf 50cts then, they easily earn close to $2mil in just fees alone.
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Nanja-Monja
Member |
18-Dec-2015 15:31
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Don' t know the Lee' s can hold how long. According to my friend in broker line, increasing shares that park at DMG & Partners Securities Pte Ltd owned by Nautical might due to for top up the margin.If share price fall, meaning they have to top up cash or shares. So can assume shares buy back by substantial shareholder is to hold the share price. Don' t know is true or not
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sheerluck
Supreme |
18-Dec-2015 11:02
Yells: "Work for your money first then let your money work for you" |
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Don' t mind about VH.  Just to lighten up the atmoshpere. Normally, market reaction to bad news in offshore marine coy pretty quick and bad.  But since it is so tightly held by the Lee' s, that may explain why price didn' t react so badly after the bad news.
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sheerluck
Supreme |
18-Dec-2015 10:22
Yells: "Work for your money first then let your money work for you" |
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When they ordered the rig, oil price still > US$100.  Frankly, this drop surprised most people.  So wouldn' t fault them on this point.  But at that time, ordering this rig is really taking a very big risk in term of the finance requirement.  If we can say they made a bad judegment call now then is on hindsight. Anyway, he may not enjoy during office hour but definitely happy after office hour=> happy hour.
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Nanja-Monja
Member |
18-Dec-2015 10:15
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What I know about Marcopolo 1. Queue at sell volume always more than buy volume. 2. 61,081,374 Shares held by DMG & Partners Securities Pte Ltd from 42,000,000 of which Nautical International Holdings Ltd is the beneficial owner. 3.14th - 15th Decemeber make announcement at SGX buy back 1,560,500 shares by substantial shareholder, Ownership from 58.16% become 58.93%. When you notice, everytime the share price down, end of the day it will up again. Nothing link with Vivian aura, the substantial shareholder buy back to hold the share price and the trading volume very low. Sad that my mom still hold some and still queueing to sell. |
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pnuklis
Master |
18-Dec-2015 10:13
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Young man too greedy. Had a stable running company and out of greed went and ordered a Jackup to quickly flip and make couple of millions in the bargain. But the calculation went wrong horribly. Now kena and Sembmarine lawyers will screw the hell of MP Drilling with law suit which is in favour of Sembmarine. Now it default of payment and class issues making it more complicated. MPM will be forced to take delivery if he can still manage to drawdown the payment and stack the vessel. In the whole bargain MPM share holders kena big. |
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limkt009
Master |
18-Dec-2015 09:57
Yells: "Watch your front, grab $$$$$$$$ at your own time" |
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No buyers....so price unchange lah
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sheerluck
Supreme |
18-Dec-2015 09:56
Yells: "Work for your money first then let your money work for you" |
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Haha!  Was thinking about D vs G as well!
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RoundRound
Elite |
18-Dec-2015 09:53
Yells: "Tikam Tikam can also" |
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Small David MPM pulled down a Goliath Sembmarine
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sheerluck
Supreme |
18-Dec-2015 09:48
Yells: "Work for your money first then let your money work for you" |
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Surprised that MPM share price still hold up till now.  Looks like Vivian Hsu aura still strong...... |
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Nanja-Monja
Member |
26-Nov-2015 16:21
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" PPLS is of the view that the purported termination by MPD is to avoid its obligation to pay the second disbursement of 10 per cent of the contract price (US$21.43 million), that has already accrued and due to PPLS immediately on the execution of the contract," SembMarine said. Sounds like MPD no money to settle the payment. Trade with caution. Legal action sue here sue there may drag in long time and spend much money.   |
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sheerluck
Supreme |
26-Nov-2015 11:37
Yells: "Work for your money first then let your money work for you" |
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Sembmar released a statement regarding mpm claims.
Implying that mpm is trying to wriggle its way out of the contract. According to the statement, mpm already deferred payment to ppl twice. Situation seems less favorable to mpm. Expecting mpm price to tanked soon. Poor Vivian Hsu. Most peole got trapped by O&G. Even celebrity psi kanna. |
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edwinjup
Supreme |
25-Nov-2015 17:19
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Walau....their.client la....nautical int holdings 42000000 shares held under dmg......lol
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sheerluck
Supreme |
25-Nov-2015 17:07
Yells: "Work for your money first then let your money work for you" |
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So they trying to offload to silly retail investors at 60cts.  The analysts not stupid.  Retail investors don' t be silly then.
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Nanja-Monja
Member |
25-Nov-2015 16:43
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RHB Securities Singapore Pte. Ltd., Securities Investments (previously known as DMG & Partners Securities own 42,239,000 unit of Marcopolo Marine share (12.55%) |
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beginners
Veteran |
24-Nov-2015 21:41
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0.60! Have to wait long long! Chairman busy with his 2Vs. | ||||
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sheerluck
Supreme |
24-Nov-2015 19:18
Yells: "Work for your money first then let your money work for you" |
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Oil price drop like shit still ask people to buy MPM @ 60cts.  Even auntie uncles know not to touch O& G related coy.  He is not stupid.  So you should be really asking what is his (and their) intentions.
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