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calvinlooi Senior	25-Sep-2017 17:51        calvinlooi About Contact  Quote this Post!
x 0   x 0  Alert Admin	Any idea why drop so much? The share employee payment so little and oil price still there leh.
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sgtrader18 Veteran	20-Sep-2017 18:30        sgtrader18 About Contact  Quote this Post!   Yells: "dont buy if you cant lose - i'm no shortist, i'm a realist."
x 0   x 0  Alert Admin	slow down liao?
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sgtrader18 Veteran	20-Sep-2017 09:15        sgtrader18 About Contact  Quote this Post!   Yells: "dont buy if you cant lose - i'm no shortist, i'm a realist."
x 0   x 0  Alert Admin	stock sure go up and down, even during a downtrend. and of course you dont have to agree on the facts. that is how there is buyers and sellers no matter how the market is. the best ideal way is to actually support the stock. you make $$ too!
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CraigFoo Elite	20-Sep-2017 07:58        CraigFoo About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	I like it when the bears are so certain it will go down and the stock moves up in big volume. It shows who are the big hands controlling it. michaeltan      ( Date: 20-Sep-2017 07:53) Posted: The company already trapped so much money of uncollected projects for oil rig. The finance costs is expected to be exceeded more than 100milion for the full year. Though it has recently signed to build and design 2 compressed gas liquid carriers for a Houston gas distribution company. This means further borrowing will be needed. The outlook for the offshore rig market is sluggish and remain uncertain with current low oil price, many are seeking for sales and charter rates at half price. Furthermore, the global demand for energy and supply are switching to LNG. DYODD! sgtrader18      ( Date: 20-Sep-2017 01:30) Posted: cannot always down, once a while sure got good news. but those can put 1 and 1 together will know the future isnt great. i may be wrong of course but the fact that 4-5 rig no collection by customer is worrying
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michaeltan Master	20-Sep-2017 07:53        michaeltan About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	The company already trapped so much money of uncollected projects for oil rig. The finance costs is expected to be exceeded more than 100milion for the full year. Though it has recently signed to build and design 2 compressed gas liquid carriers for a Houston gas distribution company. This means further borrowing will be needed. The outlook for the offshore rig market is sluggish and remain uncertain with current low oil price, many are seeking for sales and charter rates at half price. Furthermore, the global demand for energy and supply are switching to LNG. DYODD! sgtrader18      ( Date: 20-Sep-2017 01:30) Posted: cannot always down, once a while sure got good news. but those can put 1 and 1 together will know the future isnt great. i may be wrong of course but the fact that 4-5 rig no collection by customer is worrying. Starship      ( Date: 19-Sep-2017 11:52) Posted: Agreeing, UOB Kay Hian analyst Foo Zhiwei said: " For the smaller Singapore O& M companies running out of cash and still saddled with debt," there is no escaping. " Either the banks agree to give them a principal repayment holiday with no interest, or take a haircut or they fold." Mr Foo does not believe the industry will turn around in the next one to two years. " You can try to bet on Keppel or Sembcorp Marine, but it' s really a long-term bet on factors that are not apparent right now." http://www.businesstimes.com.sg/companies-markets/taking-stock-three-years-after-oil-rout
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sgtrader18 Veteran	20-Sep-2017 01:30        sgtrader18 About Contact  Quote this Post!   Yells: "dont buy if you cant lose - i'm no shortist, i'm a realist."
x 0   x 0  Alert Admin	cannot always down, once a while sure got good news. but those can put 1 and 1 together will know the future isnt great. i may be wrong of course but the fact that 4-5 rig no collection by customer is worrying. Starship      ( Date: 19-Sep-2017 11:52) Posted: Agreeing, UOB Kay Hian analyst Foo Zhiwei said: " For the smaller Singapore O& M companies running out of cash and still saddled with debt," there is no escaping. " Either the banks agree to give them a principal repayment holiday with no interest, or take a haircut or they fold." Mr Foo does not believe the industry will turn around in the next one to two years. " You can try to bet on Keppel or Sembcorp Marine, but it' s really a long-term bet on factors that are not apparent right now." http://www.businesstimes.com.sg/companies-markets/taking-stock-three-years-after-oil-rout
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Starship Supreme	19-Sep-2017 11:52        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agreeing, UOB Kay Hian analyst Foo Zhiwei said: " For the smaller Singapore O& M companies running out of cash and still saddled with debt," there is no escaping. " Either the banks agree to give them a principal repayment holiday with no interest, or take a haircut or they fold." Mr Foo does not believe the industry will turn around in the next one to two years. " You can try to bet on Keppel or Sembcorp Marine, but it' s really a long-term bet on factors that are not apparent right now." http://www.businesstimes.com.sg/companies-markets/taking-stock-three-years-after-oil-rout
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sgtrader18 Veteran	19-Sep-2017 08:42        sgtrader18 About Contact  Quote this Post!   Yells: "dont buy if you cant lose - i'm no shortist, i'm a realist."
x 0   x 0  Alert Admin	Good points! michaeltan      ( Date: 18-Sep-2017 22:40) Posted: I believe the up in share prices is short-lived. The offshore rig market recovery remains uncertain as the oil price is hovering around US$50 per barrel which is still far below the breakeven of US$70 per barrel for offshore rig drilling. Don' t forget that the US shale oil production is rising and is cheaper to produce. This will further cap the oil price gains. If you look at the 1H2017 results, the revenue / turnover was down by 22.5% as compared to year 2016. The finance costs $48.9million was up 21% compared in 1H2016. The profit before tax for 1H2017 was around SDG$40 million down 53.9%. We can see the borrowing costs had went up a lot, further increase of interests and projects cancellation will put pressure on finance costs.      beginners      ( Date: 18-Sep-2017 21:21) Posted: Seaone is from where ? Form by which joint venture company? Hope it's not another Ang mo con company that borrowed $ from bank and pay 20% to "submarine" for show and Makan 80% then file chapter 11.
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us9392 Member	19-Sep-2017 07:01        us9392 About Contact  Quote this Post!
x 0   x 0  Alert Admin	In June , Seaone signed LOI with Samsung Shipyard to build 12 CompGas vessels. The competition is keen and question whether SM bid a low price for this contract....DYODD
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michaeltan Master	18-Sep-2017 22:40        michaeltan About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	I believe the up in share prices is short-lived. The offshore rig market recovery remains uncertain as the oil price is hovering around US$50 per barrel which is still far below the breakeven of US$70 per barrel for offshore rig drilling. Don' t forget that the US shale oil production is rising and is cheaper to produce. This will further cap the oil price gains. If you look at the 1H2017 results, the revenue / turnover was down by 22.5% as compared to year 2016. The finance costs $48.9million was up 21% compared in 1H2016. The profit before tax for 1H2017 was around SDG$40 million down 53.9%. We can see the borrowing costs had went up a lot, further increase of interests and projects cancellation will put pressure on finance costs.      beginners      ( Date: 18-Sep-2017 21:21) Posted: Seaone is from where ? Form by which joint venture company? Hope it's not another Ang mo con company that borrowed $ from bank and pay 20% to "submarine" for show and Makan 80% then file chapter 11. tommman      ( Date: 18-Sep-2017 18:08) Posted: Ya the new project for SeaOne seems pretty huge " 2 billion cubic feet capacity carrier"
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beginners Veteran	18-Sep-2017 21:21        beginners About Contact  Quote this Post!
x 0   x 0  Alert Admin	Seaone is from where ? Form by which joint venture company? Hope it's not another Ang mo con company that borrowed $ from bank and pay 20% to "submarine" for show and Makan 80% then file chapter 11. tommman      ( Date: 18-Sep-2017 18:08) Posted: Ya the new project for SeaOne seems pretty huge " 2 billion cubic feet capacity carrier"
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tommman Member	18-Sep-2017 18:08        tommman About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ya the new project for SeaOne seems pretty huge " 2 billion cubic feet capacity carrier"
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granto Master	18-Sep-2017 17:37        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sembcorp Marine to build GCL carriers for SeaOne http://splash247.com/sembcorp-marine-build-gcl-carriers-seaone/
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sgtrader18 Veteran	17-Sep-2017 12:10        sgtrader18 About Contact  Quote this Post!   Yells: "dont buy if you cant lose - i'm no shortist, i'm a realist."
x 0   x 0  Alert Admin	but that was for brazil sate rigs. those are much older. the later ones with much higher value still no settle. these are based on what i can remember: marco polo -1 rig Petroleum Teknologi Bhd 2 rigs worth usd 400m:     http://www.sembmarine.com/scm2016/wp-content/uploads/2017/08/20170831.pdf seadrill 1 rig worth usd 450m North Atlantic Drilling 1rig some delay since 2015 not settle. most pay deposit only 10% to 20%. all finish already i think.   pasttime      ( Date: 16-Sep-2017 21:21) Posted: hi calvinlooi, though in their annual report they said 280m provision taken in 2015 is sufficient even for rig cancellations. by the way buy is for yard building capacity not rig building. korean yard now has war risk. improving other yards chance of getting new opportunity.
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sgtrader18 Veteran	17-Sep-2017 11:59        sgtrader18 About Contact  Quote this Post!   Yells: "dont buy if you cant lose - i'm no shortist, i'm a realist."
x 0   x 0  Alert Admin	yes, no money take and dont want to take and open market cannot sell. many rigs cannot sell. ysh2006      ( Date: 16-Sep-2017 17:32) Posted: So no money to take delivery the rig and bankrupt the completed rig also can't sell no body want ? sgtrader18      ( Date: 16-Sep-2017 07:57) Posted: I think Seadrill ask semb make a rig worth usd450m and they didn't take delivery. The rig is finished
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pasttime Supreme	16-Sep-2017 21:21        pasttime About Contact  Quote this Post!   Yells: "gold silver are real money. not others iou."
x 0   x 0  Alert Admin	hi calvinlooi, though in their annual report they said 280m provision taken in 2015 is sufficient even for rig cancellations. by the way buy is for yard building capacity not rig building. korean yard now has war risk. improving other yards chance of getting new opportunity.
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calvinlooi Senior	16-Sep-2017 19:30        calvinlooi About Contact  Quote this Post!
x 0   x 0  Alert Admin	U got so much things to buy to hedge against war. Gold, food, Medical, raw materials, weapon, oil. It is the very first time where I heard buy " rig" against war. It is better to buy petrol futures directly. do u know how it feels when u have a rig at your home and no buyer? Let it idle there would take how much rental, maintenance, and depreciation cost? Keppel already started fishing, imagine what will sembmarine do.
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pasttime Supreme	16-Sep-2017 19:22        pasttime About Contact  Quote this Post!   Yells: "gold silver are real money. not others iou."
x 0   x 0  Alert Admin	iraq cannot be compare to south korea. iraq produce oil a commodities which many other producer can ram up supply. south korea provides many high end parts that goes into manufacture of other electronics. manufacturers best to stock up korean only supply parts slighly just in case.
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pasttime Supreme	16-Sep-2017 19:19        pasttime About Contact  Quote this Post!   Yells: "gold silver are real money. not others iou."
x 0   x 0  Alert Admin	ysh2006, greetings war takes 2 month. damange to factory, yards take 2 years to rebuild. hopefully no war. but cannot see how it will be resolved. as time passes it gets worse from US point of view.
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ysh2006 Supreme	16-Sep-2017 18:58        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Korean war if have only last two months based on last Gulf war lah...by than everything back to normal.War start market go up ! pasttime      ( Date: 16-Sep-2017 18:18) Posted: buy ship builders as a hedge aganst possible korean war. south korea is the world third largest ship builders and if war breaks out. the world will be short of ships for quite a while. speculative only other posibilities, lcd maker ,  semicon , anything that south korea manufacture.
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