| Latest Forum Topics / Nam Cheong |
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Nam Cheong
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MoneyIsKey
Member |
08-Oct-2015 17:15
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Not a very good closing, almost all counters did badly today. Tomorrow will be a better day if not I SL already haha | ||||
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MoneyIsKey
Member |
08-Oct-2015 12:41
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Will we see it run later? BBs look like accumulating at 0.167 | ||||
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sheerluck
Supreme |
05-Oct-2015 16:48
Yells: "Work for your money first then let your money work for you" |
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NCL has passed it heydays.  I can only see downtrend for NCL.  My poor NCL.  Once my beloved NCL....
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andysim83
Elite |
05-Oct-2015 16:33
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this nam cheong pump and dump again...have been dropping  for 1 week plus  from  0.18 |
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sheerluck
Supreme |
02-Oct-2015 14:08
Yells: "Work for your money first then let your money work for you" |
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No way NCL will privatise.  It needs access to the capital market for funding when banks and private investors refuses.
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Qanghoo
Supreme |
02-Oct-2015 07:31
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I' ve seen this thing abt privatisation being tossed up time n again for so many coys listed here.  But how many times have they  actually happened? 
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jamesng
Master |
02-Oct-2015 06:47
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I do not think NC will be delisted. They should be able to stand this storm and when oil price goes up, share price will shoot up fast........shallow water break even is low....... |
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sheerluck
Supreme |
01-Oct-2015 15:30
Yells: "Work for your money first then let your money work for you" |
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simi yisi?
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tomhanks
Master |
01-Oct-2015 14:14
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Nippon express on the way...lol |
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HVRRVH
Elite |
23-Sep-2015 18:39
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Why SGX queried? Drop from 40 cents to 14 cents also didn' t query lol..  
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pnuklis
Master |
23-Sep-2015 17:23
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Why share price go up so much today? |
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sheerluck
Supreme |
01-Sep-2015 15:06
Yells: "Work for your money first then let your money work for you" |
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At current NAV, it is.  But if NC still cannot find buyer for its unsold vessels, at some point auditor might require them to do an impairment on their ballooned inventories.  NC has half of its vesels in their 2015 programmes remained unsold but I just need to write off 25% of their inventory and the NAV will drop to match the current price of 15cts. I estimate NC needs a US100mil contract to save them from some disasters. There is another indicator of NC confident in getting contract.  If they didn' t announce share consolidation it may be a good indicator.  However, I suspect that the moment they do, price will collapse. This is just my view on the current NC and not a call to buy/sell.  Pls DYDD.
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sheerluck
Supreme |
01-Sep-2015 14:29
Yells: "Work for your money first then let your money work for you" |
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The last time NC managed to seal a deal was in March.  No sale report for Q2 period (Apr-Jun).  So far no sale reported for Q3.  Left only one month to go.  If still no sale, Q3 results will not be nice. NC speculative built to stock model works well on good times.  Much better than conventional built to order model.  But during bad times, it will hurt them more than others as well. The less sale NC clinch, the more refinancing they will have to do and each time will involve higher interest. The question is will market run out of oil first or will NC run out of cash first.
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Qanghoo
Supreme |
01-Sep-2015 13:33
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I think this has been affected by falling oil px which in turn has clouded it' s orders n also the falling ringgit.  So, do be careful.  If better stability returns across, n ringgit appreciates, maybe can climb a few cents even with current oil px.  Personal view. 
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losemoneyking
Senior |
01-Sep-2015 12:12
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i think is cheap to buy some to hold for long term now as current price is way below NAV RM0.59  which is about  SGD 0.20. And oil prices starts to go up and i think OPEC gonna cut production anytime soon.
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sheerluck
Supreme |
28-Aug-2015 09:23
Yells: "Work for your money first then let your money work for you" |
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Can share your valuation for NC? 
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n3wbie
Elite |
28-Aug-2015 09:18
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present valuations and share price seem really attractive. any thoughts? |
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sheerluck
Supreme |
24-Aug-2015 11:31
Yells: "Work for your money first then let your money work for you" |
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Dropped another 10%.  At 14.2cts.  Is there still hope for NC? |
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sheerluck
Supreme |
18-Aug-2015 16:19
Yells: "Work for your money first then let your money work for you" |
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In MYR.  But even in USD also cannot help. 
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fernvale
Master |
18-Aug-2015 15:54
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their biz earnings in usd or myr? If myr, gd luck to those vested
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