Latest Forum Topics /
Seatrium Ltd
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The SEA of Hopes and ATRIUM of Surprises
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unclebond
Master |
05-Jul-2024 13:50
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Contract amount was not mentioned???
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SAVIORFOREVER
Supreme |
05-Jul-2024 13:22
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No matter big or small. It's still a money making contract.
Trade with 👍 and DYODD
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LoudShout
Master |
05-Jul-2024 13:15
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All these most favoured status, contract wins will not move the share price.  What will move the share price is the completion of more than 10 years of investigation on the Car Wash and a return to profitability(GAAP) by the Co   |
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War3craft2003
Member |
05-Jul-2024 12:35
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https://www.seatrium.com/assets/releases/240705-Seatrium-Repairs-and-Upgrades-secures-FCC-with-Angelicoussis-Group.pdf
Seatrium Secures Favoured Customer Contract from Angelicoussis Group, Greece?s largest Shipping Company Singapore, 5 July 2024 ? Seatrium Limited (Seatrium, or the Group) has successfully secured a Favoured Customer Contract (FCC) with Angelicoussis Group, the largest shipping group in Greece and one of the world?s largest privately-owned fleets with 141 ships operating under Maran Gas, Maran Tankers and Maran Dry. This landmark two-year contract with one-year renewal option includes the refit of 10 to 15 vessels per year comprising LNG carriers, tankers and bulk carriers. The partnership will involve close cooperation in joint planning, information exchange and experience sharing with the Angelicoussis Group, facilitating a seamless and efficient retrofitting process. The strategic partnership agreement was formalised in Greece by Mr Andreas Spertos, Executive Vice President and Technical Director of Maran Gas on behalf of Angelicoussis Group and Mr Alvin Gan, Executive Vice President, Repairs and Upgrades, Seatrium. Together, both companies will strive to achieve sustainable targets in Quality, Health, Safety and Environment (QHSE), cost efficiency and timely deliveries, which are critical performance indicators for highquality vessel maintenance. Mr Andreas Spertos, Executive Vice President and Technical Director of Maran Gas, said, ?This strategic partnership marks a significant milestone for us. Seatrium was selected to be our partner as they have demonstrated a strong track record, and delivered over 70 successful retrofits including, 20 of our LNG carriers and a series of scrubber installations for our tanker fleet since 2012, demonstrating dedication and commitment to resolving challenges as a team. We are confident that this partnership will be the blueprint for a successful long-term fleet retrofitting programme, thereby enhancing our operational efficiency and instilling the highest standards of quality, safety, and environmental sustainability in the maintenance of our fleet of LNG carriers, bulk carriers and tankers. We look forward to a fruitful and successful partnership with Seatrium.? Mr Alvin Gan, Executive Vice President, Repairs and Upgrades, Seatrium, said, ?We are honoured to be selected as a partner by Angelicoussis Group, the largest shipping group owned by Greek interests and renowned for its status as one of the world?s largest privately-owned fleets. This Favoured Customer Contract not only affirms our leadership in the global ship repair market, but also our commitment to embarking on a shared journey of growth, trust and mutual success with our new partner, Angelicoussis Group. With the global focus on maritime decarbonisation, Seatrium is well-positioned to provide our esteemed customers with a broad range of low-carbon, cleaner energy solutions and energy-saving retrofits to support a sustainable future. We look forward to fostering a close collaborative partnership with the Angelicoussis Group.? |
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Chansenghoe1971
Elite |
05-Jul-2024 12:08
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Yes 139 for another round
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SAVIORFOREVER
Supreme |
05-Jul-2024 11:55
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Hot and cold at the same time.
I like the hot one better. Trade with preference and DYODD
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BinderyT
Elite |
05-Jul-2024 11:52
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Lucky you not my boss.   Else I probably have to work until go hospital.
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Battle123
Elite |
05-Jul-2024 11:49
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Wah so optimistic
Very clear signs they are clearing the old mess as I said previously . And looking forward is going to have more good news Anyway juz accumulate Dyodd |
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Joyoftheworld
Master |
05-Jul-2024 11:36
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I am super positive. Fully expecting Shit5e2 to report H1 profit above $100mil. $300 mil would be a good number.
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SAVIORFOREVER
Supreme |
05-Jul-2024 11:32
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Sounds good for now.
Trade with power and DYODD
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SAVIORFOREVER
Supreme |
05-Jul-2024 11:29
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Need a guru to teach them how to use SBB to stem shortselling.
Trade with Seatrium management and DYODD
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BinderyT
Elite |
05-Jul-2024 11:29
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Buying 50 lots for every $5 drop.   If 1.35, then I buy lor.
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DaShaGua
Member |
05-Jul-2024 11:26
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Come to think of it, the SBB didnt activate this week??? | ||||
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SAVIORFOREVER
Supreme |
05-Jul-2024 11:24
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Buying more to enhance your profit? Think 140 still got chance with persistent shortselling. .
Trade with 170 and DYODD
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BinderyT
Elite |
05-Jul-2024 11:17
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lol!   if u so pessimistic, maybe sell now instead of waiting for $1?   relax lah bro.
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BinderyT
Elite |
05-Jul-2024 11:15
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Our best bet is CEO appointed in 2023 and follow script.   Year 1 - clean house, he already wrote off $2b.   Year 2 - show small net profit when nobody expects.   Then he will be hero for turning around company.   And I can cash out at $1.70 :) | ||||
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Joyoftheworld
Master |
05-Jul-2024 11:13
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Yard biz is not exactly tech or AI. Stiff competition from China, Korea, Italy, Malaysia  and middle eastern yards. And new comer yard from India, Vietnam etc. Analysts expectation is worthless. Last year, analysts target price is average $3.50. Now is like $2.50.  When Shit5e2 hits $1.00, their target price will be like $1.20    No profit and dividend = penny stock soon
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LoudShout
Master |
05-Jul-2024 11:06
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Agree.  EBITDA is not applicable for a co with so many employees and dependent on capital investment and also borrowings.    More applicable for a tech co which can ride on its proprietary products for years after iinital investment. Co basically running out of excuses for not able to show a profit (GAAP) and shareholders are quite sore with the slew of bad news following merger... still have skeletons to be unearthed. Best to follow Steve Job advice to Starbuck CEO..
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BinderyT
Elite |
05-Jul-2024 10:58
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Be happy that market is not expecting positive earnings.   Because if it does happen, it will be an earnings surprise and this stock will rocket until short sellers chao da.   Possible?   Yes.   If no exceptional items and it overcomes its residual $28m net loss.
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SAVIORFOREVER
Supreme |
05-Jul-2024 10:42
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There is opportunity for Chan again.
Heading towards 140 again. Trade with contra buy and DYODD |
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