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Ascendas Hospitality Trust Fundamental
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RedEye1811
Master |
26-May-2017 17:54
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Whilst the latest results are not pretty, a lot of driftwood has been cut free. And now that have an agreement with Swiber - JM on net payables etc it does clear a sizeable chunk of uncertainty. There was the claim for services the Swiber - JM in Sept or Oct 2016. As I understand it, the agreement announced takes that issue out of play and also the uncertainty of the advance by Swiber to pay the notes payable back in April 2016. Some continue to argue the stink of Swiber continues to lay over the company but I tend to feel that with the agreement the actually pushes it away - not entirely but by a substantial amount. Without the uncertainty of the payables to Swiber still lingering the uncertainty of whether a call on the payment being made now non-existent. Swiber still gets to have position by ownership but as Rawabi likely to become the biggest shareholder Swiber not going to have much say in things - though do agree some change in the BoDs would help to get some ex-Swiber dudes off and independent bodies on. Regardless, dealings with Swiber should now the agreement reached be far more at arms length. And while some may fear the new issue of shares will swamp things, I actually contend differently. As majority of any new shares going to Rawabi and a lesser extent Swiber from the RI that likely to come then vast majority of any new shares just going to end up in lap of two key substantial shareholders. These two substantial shareholders not going to suddenly dump them on the market so the amount of shares free for trading going to more or less be the same as before. Yes, it a dilution of ownership percentage but if issue is at 2c then it not going to be a dilution of value. And by the agreement the accounts payable/other payables will be reduced substantially improving the current ratio further. And well they got a far better order book than most, and still won contracts. So the financial numbers actually look quite reasonable with agreement with Swiber - JM etc. Agree, it not a burning success but done a lot of housekeeping which should not necessarily be seen as end of the world. Well that just a few cents.
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moron101
Supreme |
26-May-2017 12:23
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Will it break 2.0 cents again? | ||||
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brchkho1
Master |
26-May-2017 09:36
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SOmeone is tryng to talk down the share prices for obvious reason. There are still O& G companies making money, but lesser compared with those years ago. This company has took the pains to cut off non profitable investments to move forward which is a good sign in aditional to supports by RHC, the financial numbers look better now.
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RedEye1811
Master |
25-May-2017 19:26
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They have been chartering vessels to Aramco for few years...Accept for the last quarter, since Q4/2014 this counter reported a profit....the losses this quarter are non-cash impairments etc that are not related to the operations. So in your pearls of wisdom can you please explain the maths on how they will end up loosing more money given that aside from this quarter they continued to make a profit each quarter. If did not make money chartering to Aramco how come they made profits? Confused with your brilliance of maths so wish to be enlightened. 
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pnuklis
Master |
25-May-2017 16:17
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No one makes money chartering vessels to Aramco. They are going to end up loosing more money. | ||||
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granto
Master |
25-May-2017 16:05
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Vallianz settles $138.7m of debts with Swiber and Rawabi http://splash247.com/vallianz-settles-138-7m-debts-swiber-rawabi/ | ||||
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rainbowman
Senior |
25-May-2017 12:23
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will probably stay at around 2 cents for a long time, any higher will invite lots of sellers any lower, the whole rights deal may collapse | ||||
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bishalnb
Master |
25-May-2017 10:12
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moving up slowly,,,
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ticktock
Master |
24-May-2017 20:48
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rights issue? swiber attachment to continue? big dilution coming? These are just questions i can think of....haven' t read the long report... ...most probably people will just buy or sell on instinct if halt lifted tomorrow and later let someone analyze the complicated report... ...
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zandlery
Supreme |
24-May-2017 19:51
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Anyway I had alrd divest during the annoucement of debt to shares.
So will not bother to read the updates. Hope it is a good news for shareholders.
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RedEye1811
Master |
24-May-2017 19:33
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Well they made an announcement.....the document going to take forever to read...LOL...it long, legal and really going to a clear head to get around...
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RedEye1811
Master |
24-May-2017 16:41
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Yes, they have that regulation, but mgmt must request it then SGX consider if allow a few more days...so yes, mgmt may not disclose anything but if they do not make a request for extension or voluntary suspension then they in breach...so one way of another they disclose something or they disclose a request for extension or suspension...be a disclosure of some nature...
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zandlery
Supreme |
24-May-2017 16:38
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SGX have regulation that allow a company to trade halt for up to 3 trading days if they deem fit. Seen it before......so not surprise if there are nothing further end of the day...... | ||||
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RedEye1811
Master |
24-May-2017 16:18
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Will be eagerly seeing if they announce something tonight...3rd day of TH so must say something...other extension for a few days or suspend....
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sheerluck
Supreme |
24-May-2017 14:57
Yells: "Work for your money first then let your money work for you" |
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Wrong = to
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sheerluck
Supreme |
24-May-2017 14:53
Yells: "Work for your money first then let your money work for you" |
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All expecting something like this. If nothing wrong announce, all can 😖 .
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brchkho1
Master |
24-May-2017 14:51
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After an announcement of seuring contract and TH is still not lifted, believed something very important will be announced. | ||||
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brchkho1
Master |
24-May-2017 14:47
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MTP is still in force with exemption to market capitalzation about certain size.
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sheerluck
Supreme |
24-May-2017 11:07
Yells: "Work for your money first then let your money work for you" |
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Believe SGX already scrap MTP for main board.
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RedEye1811
Master |
24-May-2017 10:42
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If no announcement today then either have to request extension or they going to have to go for voluntary suspension...
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...most probably people will just buy or sell on instinct if halt lifted tomorrow and later let someone analyze the complicated report...