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sg_investor Member	31-Jul-2016 13:11        sg_investor About Contact  Quote this Post!
x 0   x 0  Alert Admin	i see.  it' s cheaper to use IB for us shares. but it cant do SG shares for me.    sun233      ( Date: 30-Jul-2016 13:04) Posted: No that is not commission but code for who bought. I use phillips because of my US trade. Commission for US trades is 21.40USD. I found a cheaper one. Will be moving soon. 01 KGI Fraser Securities Pte Ltd 05 UOB Kay Hian Private Limited 08 Credit Suisse Securities (Singapore) Pte Limited 12 Lim & Tan Securities Pte Ltd 17 CIMB Securities (Singapore) Pte Ltd 20 Phillip Securities Pte Ltd 21 Maybank Kim Eng Securities Pte Ltd 22 UOB Bullion And Futures Limited 24 ABN AMRO Clearing Singapore Pte Ltd 25 Daiwa Capital Markets Investment Services Pte Ltd 28 OCBC Securities Private Limited 29 DBS Vickers Securities (Singapore) Pte Ltd 31 RHB Securities Singapore Pte Ltd 33 HSBC Securities (Singapore) Pte Ltd 39 Instinet Singapore Services Private Limited 40 Goldman Sachs Futures Pte Ltd 45 BNP Paribas Securities (Singapore) Pte Ltd 47 UBS Securities Pte Ltd 70 CLSA Singapore Pte Ltd 73 Macquarie Capital Securities (Singapore) Pte. Limited 78 Merrill Lynch (Singapore) Pte Ltd 79 J.P. Morgan Securities Singapore Private Limited 82 Morgan Stanley Asia (Singapore) Securities Pte Ltd 83 Citigroup Global Markets Singapore Securities Pte Ltd   sg_investor      ( Date: 30-Jul-2016 10:42) Posted: Sun which broker do you use?  The SGD 47 82 82 are commissions? But it' s too expensive for SG.  I look for cheaper brokers for SGX shares.
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sg_investor Member	31-Jul-2016 10:59        sg_investor About Contact  Quote this Post!
x 0   x 0  Alert Admin	3% cost for an In-Out is very expensive.  How to minimize transaction cost?  famouspinky      ( Date: 30-Jul-2016 18:46) Posted: Assuming a drop of 50 cents, brokerage in and out 3%, I will get bk .97x50 cents? ( this is long). For short, any additional costs? famouspinky      ( Date: 30-Jul-2016 18:39) Posted: That's why this share damn gd to trade. Up and down fast and furious:) 1% px diff don't have much meat though. What kind of price difference % r u looking at? I'm looking for a nice steak. Cod fish steak will be yummy.
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Qanghoo Supreme	31-Jul-2016 09:23        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Brother, downside seems still considerable.  JM is a small sigh of relief.  There' s still lots of chance that things  might not  work out.  N I do think this Swiber thing' s rather unusual, not entirely (or not even to a large extent) caused by the current oil issues.    Seems to me rather company specific.  For DBS though, I think if  no more skeletons fall out of the cupboard,  the NPAT for the yr cld still weigh in at > 4.5 bil.  But, short term, the share px cld continue to melt with so many out there all too willing to come up with negatives to press it down.  But of course with each px fall, so does the risk .... n, needless to say, swetter wld the reward be.  That' s my take.  All the best ..... sun233      ( Date: 30-Jul-2016 13:08) Posted: Thanks Pink but i still think there will be some down side near term. I' m positioning. Will buy on dips. Gd Luck to u too. pinkowl      ( Date: 30-Jul-2016 00:57) Posted: Congrats, Sun. Monday should be good for you. )
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famouspinky Supreme	30-Jul-2016 18:46        famouspinky About Contact  Quote this Post!
x 0   x 0  Alert Admin	Assuming a drop of 50 cents, brokerage in and out 3%, I will get bk .97x50 cents? ( this is long). For short, any additional costs? famouspinky      ( Date: 30-Jul-2016 18:39) Posted: That's why this share damn gd to trade. Up and down fast and furious:) 1% px diff don't have much meat though. What kind of price difference % r u looking at? I'm looking for a nice steak. Cod fish steak will be yummy. sgng123      ( Date: 30-Jul-2016 18:32) Posted: The fact that only 50% of swiber loan is secured sent shiver down dbs investors back. Dbs got 20b exposure to Offshore marine industry, 10b unsecure loan very scary though might not be case but enough reason for bb to sell down.
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nngeeh Veteran	30-Jul-2016 18:44        nngeeh About Contact  Quote this Post!
x 0   x 0  Alert Admin	The question is what type of asset was tied to the secure loan from DBS? If the assets are mainly vessels ... and during liquidation which could be sold via auction ... at the current challenging situation ... it could worth much less than what the actual value that was used to secure the loan. The $550M could be just paper asset and the actual value could be much less (especially if it needs to be sold off via auction at lelong price). Perhaps, going into JM ... it' ll give them more time to find better price for these assets .... while keeping Swiber afloats. investshare      ( Date: 30-Jul-2016 08:42) Posted: No. When liquidate, the creditor will try to get the assets of the company IMMEDIATELY. In a way, it is a short pain and move on. But in order for the JM to work, the creditor must agree to delay their claim, more so for DBS being the largest creditor. DBS has to be the lead in this JM, which means they must have to sacrifice to convince others to agree, eg Swiber will pay other creditor first before DBS. Otherwise if you are creditor of say $10m, do you want to wait or want to get something out now to close the issue? So the process to recover DBS debt will be even longer and more uncertain. If DBS final exposure is just $150m as what DBS Ceo claimed, I think they should just write this off and move on. There is no reason to risk the $550m for this $150m. It is throwing good money after bad money. seanpent      ( Date: 30-Jul-2016 08:08) Posted: Bro, is it because others have higher priorities ? E.g. tax dept, etc.
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famouspinky Supreme	30-Jul-2016 18:39        famouspinky About Contact  Quote this Post!
x 0   x 0  Alert Admin	That's why this share damn gd to trade. Up and down fast and furious:) 1% px diff don't have much meat though. What kind of price difference % r u looking at? I'm looking for a nice steak. Cod fish steak will be yummy. sgng123      ( Date: 30-Jul-2016 18:32) Posted: The fact that only 50% of swiber loan is secured sent shiver down dbs investors back. Dbs got 20b exposure to Offshore marine industry, 10b unsecure loan very scary though might not be case but enough reason for bb to sell down.
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sgng123 Supreme	30-Jul-2016 18:32        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The fact that only 50% of swiber loan is secured sent shiver down dbs investors back. Dbs got 20b exposure to Offshore marine industry, 10b unsecure loan very scary though might not be case but enough reason for bb to sell down.
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investshare Supreme	30-Jul-2016 15:11        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Another thing to consider is this. Suppose you are a customer of Swiber, would you not worry that Swiber may not be able to complete your multi-hundred-million$ project? Would you not terminate contract with Swiber and look for new contractor? Unless of course, if say DBS give the guarantee. I just don't believe Swiber can continue business as usual under JM. seanpent      ( Date: 30-Jul-2016 10:21) Posted: Ok understand ... thanks ... suppose the JM process will be costly too ... and meantime the loan interest will keep piling up in the dragging period ... investshare      ( Date: 30-Jul-2016 08:42) Posted: No. When liquidate, the creditor will try to get the assets of the company IMMEDIATELY. In a way, it is a short pain and move on. But in order for the JM to work, the creditor must agree to delay their claim, more so for DBS being the largest creditor. DBS has to be the lead in this JM, which means they must have to sacrifice to convince others to agree, eg Swiber will pay other creditor first before DBS. Otherwise if you are creditor of say $10m, do you want to wait or want to get something out now to close the issue? So the process to recover DBS debt will be even longer and more uncertain. If DBS final exposure is just $150m as what DBS Ceo claimed, I think they should just write this off and move on. There is no reason to risk the $550m for this $150m. It is throwing good money after bad money
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infoshare Senior	30-Jul-2016 14:17        infoshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	the banker who did the 700 million deal   had a good reward yrs ago  nobody think it will fail as borrowing large amounts was a good thing for the bank , for the borrower and for everybody else in the game. not too big and not too small to fail when it fail ,   whose money isit that are impacted anyway ? the 3 chiefs can run away scotch free by resigning the commissions were all pocketed no big deal....life continues as all these would pass
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sun233 Elite	30-Jul-2016 13:08        sun233 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks Pink but i still think there will be some down side near term. I' m positioning. Will buy on dips. Gd Luck to u too. pinkowl      ( Date: 30-Jul-2016 00:57) Posted: Congrats, Sun. Monday should be good for you. ) sun233      ( Date: 29-Jul-2016 20:41) Posted: I bought a small amount and sellers were:- 47-UBS 82-Morgan Stanley 83 Citigroup I missed out buying at 15.33....darn. Was rushing to airport.   1607290055XXXXX DBS.SG DBS Day Done       Buy Limit Order  15.51  ---  15.51 500 500  Jul 29 2016 09:53AM  Jul 29 2016 09:54AM SGD    47 1607290055XXXXX DBS.SG DBS Day Done       Buy Limit Order  15.55  ---  --- 500   Jul 29 2016 09:19AM  Jul 29 2016 09:19AM SGD      1607290055XXXXX DBS.SG DBS Day Done       Buy Limit Order  15.55  ---  15.55   400  Jul 29 2016 09:19AM  Jul 29 2016 09:19AM SGD    82  1607290055XXXXX DBS.SG DBS Day Done       Buy Limit Order  15.55  ---  15.55   100  Jul 29 2016 09:19AM  Jul 29 2016 09:19AM SGD    82
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sun233 Elite	30-Jul-2016 13:04        sun233 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No that is not commission but code for who bought. I use phillips because of my US trade. Commission for US trades is 21.40USD. I found a cheaper one. Will be moving soon. 01 KGI Fraser Securities Pte Ltd 05 UOB Kay Hian Private Limited 08 Credit Suisse Securities (Singapore) Pte Limited 12 Lim & Tan Securities Pte Ltd 17 CIMB Securities (Singapore) Pte Ltd 20 Phillip Securities Pte Ltd 21 Maybank Kim Eng Securities Pte Ltd 22 UOB Bullion And Futures Limited 24 ABN AMRO Clearing Singapore Pte Ltd 25 Daiwa Capital Markets Investment Services Pte Ltd 28 OCBC Securities Private Limited 29 DBS Vickers Securities (Singapore) Pte Ltd 31 RHB Securities Singapore Pte Ltd 33 HSBC Securities (Singapore) Pte Ltd 39 Instinet Singapore Services Private Limited 40 Goldman Sachs Futures Pte Ltd 45 BNP Paribas Securities (Singapore) Pte Ltd 47 UBS Securities Pte Ltd 70 CLSA Singapore Pte Ltd 73 Macquarie Capital Securities (Singapore) Pte. Limited 78 Merrill Lynch (Singapore) Pte Ltd 79 J.P. Morgan Securities Singapore Private Limited 82 Morgan Stanley Asia (Singapore) Securities Pte Ltd 83 Citigroup Global Markets Singapore Securities Pte Ltd   sg_investor      ( Date: 30-Jul-2016 10:42) Posted: Sun which broker do you use?  The SGD 47 82 82 are commissions? But it' s too expensive for SG.  I look for cheaper brokers for SGX shares.    sun233      ( Date: 29-Jul-2016 20:41) Posted: I bought a small amount and sellers were:- 47-UBS 82-Morgan Stanley 83 Citigroup I missed out buying at 15.33....darn. Was rushing to airport.   1607290055XXXXX DBS.SG DBS Day Done       Buy Limit Order  15.51  ---  15.51 500 500  Jul 29 2016 09:53AM  Jul 29 2016 09:54AM SGD    47 1607290055XXXXX DBS.SG DBS Day Done       Buy Limit Order  15.55  ---  --- 500   Jul 29 2016 09:19AM  Jul 29 2016 09:19AM SGD      1607290055XXXXX DBS.SG DBS Day Done       Buy Limit Order  15.55  ---  15.55   400  Jul 29 2016 09:19AM  Jul 29 2016 09:19AM SGD    82  1607290055XXXXX DBS.SG DBS Day Done       Buy Limit Order  15.55  ---  15.55   100  Jul 29 2016 09:19AM  Jul 29 2016 09:19AM SGD    82
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Qanghoo Supreme	30-Jul-2016 11:01        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Brother, in a way, Swiber' s case is  somewhat perculiar to itself.  The oil rout certainly has contributed to their troubles.  But  the real irony is, they seem  to have loads of contracts still to work on.  Yet they are the first to fail.  Why?  The extract from an article from the papers today is quite a read.  Their problem is mainly over agressive bidding to win mkt share.  To that, I am also guessing that they may have been very lenient in managing their receiveables in a way as to maintain good relationships at their own expense.  Furthermore, I think the divestment of Kreuz might probably have robbed them off some much needed inhouse skills for thir kind of work.    News Extract Nothwithstanding Swiber' s about-turn, analysts say the question still remains: How did a listed company boasting a billion-dollar-bracket order book end up fending off letters of demand in millions of dollars? Industry watchers suggest a key contributor to Swiber' s cashflow problems could have been its approach towards building its offshore marine business. Swiber has been particularly successful in clinching projects from India' s Oil & Natural Gas Corporation (ONGC), which, The Business Times understands, were often announced under Singapore Exchange (SGX) filings as awards from South Asia. With India being touted as an O& M bright spot as work dried up elsewhere in the world under this protracted O& M downturn, Swiber, along with many other O& M players, found itself increasingly reliant on new contracts from India. But Mike Meade of brokerage M3 Marine, drawing from Swiber' s past record in bidding for projects, believes the listed company may not have taken into consideration the risks tied to the stringent conditions in ONGC contracts when seeking to consistently out-bid its competition with low-priced offers. He noted that the O& M player had gone with low bids to secure market share, even when the market was high. This inadvertent burden on its bottomline could have strained its operating cash flow. Since the downturn, Swiber had also taken up turnkey engineering, procurement, construction, installation and commissioning contracts (EPCIC) for offshore platform packages with ONGC. It had focused on transportation and installation (T& I) for oil-and-gas structures since its 2006 initial public offer executing these EPCIC jobs would have involved extensive engineering, procurement and construction (EPC) - work outside its comfort zone. An industry analyst estimates that about 80 per cent of EPCIC contract values go towards EPC. Executing EPCIC projects would have strained Swiber' s balance sheet because the company would have had to pump in cash to foot sub-contracting bills while waiting on lumpy payments from end clients. It doesn' t help that the demand for T& I services - historically Swiber' s main source of cash flow - has fallen drastically. BT understands that Swiber has two EPCIC projects with ONGC, including the published US$310 million contract for eight platforms. It has subcontracted the fabrication work on the Daman project to an oilfield-services unit of PetroVietnam, with the structures having been due for delivery in Q1 2015. Outside India, Swiber had announced three contracts totalling US$215 million under a June 7 SGX filing, and a field development project valued at US$710 million off West Africa. The deferral of the latter contract was widely considered a huge drain on Swiber' s finances, given that it accounted for at least 70 per cent of its order book at the time of the award. In addition, a client had unilaterally cancelled a contract off Vietnam worth US$21 million. seanpent      ( Date: 30-Jul-2016 10:37) Posted: Just curious ... does Swiber has loans with foreign banks ? Will that affect other bourses too ? Are O&G companies in other markets doing this badly like the O&G companies in SGX ?
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seanpent Supreme	30-Jul-2016 10:45        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	I see ... cos was wondering who else is in the creditors queue ... investshare      ( Date: 30-Jul-2016 10:43) Posted: Even if there is, it would be much smaller amount as DBS alone already count to half Swibet tot liability. seanpent      ( Date: 30-Jul-2016 10:37) Posted: Just curious ... does Swiber has loans with foreign banks ? Will that affect other bourses too ? Are O&G companies in other markets doing this badly like the O&G companies in SGX ?
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investshare Supreme	30-Jul-2016 10:43        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Even if there is, it would be much smaller amount as DBS alone already count to half Swibet tot liability. seanpent      ( Date: 30-Jul-2016 10:37) Posted: Just curious ... does Swiber has loans with foreign banks ? Will that affect other bourses too ? Are O&G companies in other markets doing this badly like the O&G companies in SGX ?
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sg_investor Member	30-Jul-2016 10:42        sg_investor About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sun which broker do you use?  The SGD 47 82 82 are commissions? But it' s too expensive for SG.  I look for cheaper brokers for SGX shares.    sun233      ( Date: 29-Jul-2016 20:41) Posted: I bought a small amount and sellers were:- 47-UBS 82-Morgan Stanley 83 Citigroup I missed out buying at 15.33....darn. Was rushing to airport.   1607290055XXXXX DBS.SG DBS Day Done       Buy Limit Order  15.51  ---  15.51 500 500  Jul 29 2016 09:53AM  Jul 29 2016 09:54AM SGD    47 1607290055XXXXX DBS.SG DBS Day Done       Buy Limit Order  15.55  ---  --- 500   Jul 29 2016 09:19AM  Jul 29 2016 09:19AM SGD      1607290055XXXXX DBS.SG DBS Day Done       Buy Limit Order  15.55  ---  15.55   400  Jul 29 2016 09:19AM  Jul 29 2016 09:19AM SGD    82  1607290055XXXXX DBS.SG DBS Day Done       Buy Limit Order  15.55  ---  15.55   100  Jul 29 2016 09:19AM  Jul 29 2016 09:19AM SGD    82 FATABA      ( Date: 29-Jul-2016 17:30) Posted: For those who has bot into DBS....is UBS one of the main sellers ??? ​ If so the article they mentioned that DBS does not seem to provide sufficient for Swiber loan ...comes at a very special timing and why ? Is it normal for banks to comment on others ? hmmmmm
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seanpent Supreme	30-Jul-2016 10:37        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just curious ... does Swiber has loans with foreign banks ? Will that affect other bourses too ? Are O&G companies in other markets doing this badly like the O&G companies in SGX ?
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seanpent Supreme	30-Jul-2016 10:21        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ok understand ... thanks ... suppose the JM process will be costly too ... and meantime the loan interest will keep piling up in the dragging period ... investshare      ( Date: 30-Jul-2016 08:42) Posted: No. When liquidate, the creditor will try to get the assets of the company IMMEDIATELY. In a way, it is a short pain and move on. But in order for the JM to work, the creditor must agree to delay their claim, more so for DBS being the largest creditor. DBS has to be the lead in this JM, which means they must have to sacrifice to convince others to agree, eg Swiber will pay other creditor first before DBS. Otherwise if you are creditor of say $10m, do you want to wait or want to get something out now to close the issue? So the process to recover DBS debt will be even longer and more uncertain. If DBS final exposure is just $150m as what DBS Ceo claimed, I think they should just write this off and move on. There is no reason to risk the $550m for this $150m. It is throwing good money after bad money. seanpent      ( Date: 30-Jul-2016 08:08) Posted: Bro, is it because others have higher priorities ? E.g. tax dept, etc.
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Qanghoo Supreme	30-Jul-2016 10:03        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Is that so, indeed.  How many cases have u handled? investshare      ( Date: 30-Jul-2016 08:42) Posted: No. When liquidate, the creditor will try to get the assets of the company IMMEDIATELY. In a way, it is a short pain and move on. But in order for the JM to work, the creditor must agree to delay their claim, more so for DBS being the largest creditor. DBS has to be the lead in this JM, which means they must have to sacrifice to convince others to agree, eg Swiber will pay other creditor first before DBS. Otherwise if you are creditor of say $10m, do you want to wait or want to get something out now to close the issue? So the process to recover DBS debt will be even longer and more uncertain. If DBS final exposure is just $150m as what DBS Ceo claimed, I think they should just write this off and move on. There is no reason to risk the $550m for this $150m. It is throwing good money after bad money. seanpent      ( Date: 30-Jul-2016 08:08) Posted: Bro, is it because others have higher priorities ? E.g. tax dept, etc.
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investshare Supreme	30-Jul-2016 08:42        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	No. When liquidate, the creditor will try to get the assets of the company IMMEDIATELY. In a way, it is a short pain and move on. But in order for the JM to work, the creditor must agree to delay their claim, more so for DBS being the largest creditor. DBS has to be the lead in this JM, which means they must have to sacrifice to convince others to agree, eg Swiber will pay other creditor first before DBS. Otherwise if you are creditor of say $10m, do you want to wait or want to get something out now to close the issue? So the process to recover DBS debt will be even longer and more uncertain. If DBS final exposure is just $150m as what DBS Ceo claimed, I think they should just write this off and move on. There is no reason to risk the $550m for this $150m. It is throwing good money after bad money. seanpent      ( Date: 30-Jul-2016 08:08) Posted: Bro, is it because others have higher priorities ? E.g. tax dept, etc. ? investshare      ( Date: 30-Jul-2016 08:02) Posted: That's even worse for DBS! That means DBS can't even recover the half of its loan
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seanpent Supreme	30-Jul-2016 08:08        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro, is it because others have higher priorities ? E.g. tax dept, etc. ? investshare      ( Date: 30-Jul-2016 08:02) Posted: That's even worse for DBS! That means DBS can't even recover the half of its loan! skang2      ( Date: 29-Jul-2016 23:36) Posted: Good news for all? Swiber' s board of directors & provisional liquidators have had discussion and has applied to withdraw the winding up application made on 27/7/2016   By Order of the Board Chairman Raymond Kim Goh 29/7/16
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