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HazardKoh Master	05-Sep-2017 16:33        HazardKoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ok.. we all now see if u are  true to ur words. There are 100 lots selling  at 78 cents. U say u will buy. We all will see whether u true to ur words. Cheers.   lifeisgood      ( Date: 05-Sep-2017 16:15) Posted: If u dare to sell, I dare to buy.  HazardKoh      ( Date: 05-Sep-2017 16:06) Posted: ok since u so optimistic, u shd buy all the way to 78 cents (100 lots waiting) :
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bernardc Elite	05-Sep-2017 16:20        bernardc About Contact  Quote this Post!
x 0   x 0  Alert Admin	cash is king now..if north korea fires another missile.. cash is even a greater king.. lifeisgood      ( Date: 05-Sep-2017 16:15) Posted: If u dare to sell, I dare to buy.  HazardKoh      ( Date: 05-Sep-2017 16:06) Posted: ok since u so optimistic, u shd buy all the way to 78 cents (100 lots waiting) :
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lifeisgood Supreme	05-Sep-2017 16:15        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	If u dare to sell, I dare to buy.  HazardKoh      ( Date: 05-Sep-2017 16:06) Posted: ok since u so optimistic, u shd buy all the way to 78 cents (100 lots waiting) :) lifeisgood      ( Date: 05-Sep-2017 15:53) Posted: And for those who are not happy about Baker Tech buying over EMAS, one needs to understand that Baker has recently built to specs a liftboat, which has yet to find a customer. By having a vehicle like EMAS, and getting Point Hope to subsidise another USD 25 million investment, I think Baker is killing TWO BIRDS WITH ONE STONE. Once EMAS raised additional funds, say via a rights issue, it may actually be enticed to buy over the Baker' s liftboat. Then a lot of cash (I estimated about minimum SGD 60 million) will come right back again.   Have to give it to Dr Benety Chang! A   shrewd cookie.
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HazardKoh Master	05-Sep-2017 16:06        HazardKoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	ok since u so optimistic, u shd buy all the way to 78 cents (100 lots waiting) :) lifeisgood      ( Date: 05-Sep-2017 15:53) Posted: And for those who are not happy about Baker Tech buying over EMAS, one needs to understand that Baker has recently built to specs a liftboat, which has yet to find a customer. By having a vehicle like EMAS, and getting Point Hope to subsidise another USD 25 million investment, I think Baker is killing TWO BIRDS WITH ONE STONE. Once EMAS raised additional funds, say via a rights issue, it may actually be enticed to buy over the Baker' s liftboat. Then a lot of cash (I estimated about minimum SGD 60 million) will come right back again.   Have to give it to Dr Benety Chang! A   shrewd cookie.
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lifeisgood Supreme	05-Sep-2017 15:53        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	And for those who are not happy about Baker Tech buying over EMAS, one needs to understand that Baker has recently built to specs a liftboat, which has yet to find a customer. By having a vehicle like EMAS, and getting Point Hope to subsidise another USD 25 million investment, I think Baker is killing TWO BIRDS WITH ONE STONE. Once EMAS raised additional funds, say via a rights issue, it may actually be enticed to buy over the Baker' s liftboat. Then a lot of cash (I estimated about minimum SGD 60 million) will come right back again.   Have to give it to Dr Benety Chang! A   shrewd cookie.
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lifeisgood Supreme	05-Sep-2017 15:42        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	I really hate Serial System for doing this durian business. Because it means next time Mao San Wang will be very expensive here in Singapore. Terrible terrible !! MichaelSchenker      ( Date: 05-Sep-2017 15:39) Posted: Serial Link? Then again, durian is business is growing big and fast, especially in the China market. lifeisgood      ( Date: 05-Sep-2017 15:30) Posted: Recently, there was one company desperate for some new businesses went into distributing Mao San Wang durians !
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MichaelSchenker Master	05-Sep-2017 15:39        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Serial Link? Then again, durian is business is growing big and fast, especially in the China market. lifeisgood      ( Date: 05-Sep-2017 15:30) Posted: Recently, there was one company desperate for some new businesses went into distributing Mao San Wang durians !
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lifeisgood Supreme	05-Sep-2017 15:30        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	Recently, there was one company desperate for some new businesses went into distributing Mao San Wang durians !
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lifeisgood Supreme	05-Sep-2017 15:17        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	Investing in properties sounds so sexy and easy game. But then other shareholders will ask what is an offshore and marine company doing in properties investment? Also very hard to justify, as it is non core business.  HazardKoh      ( Date: 05-Sep-2017 15:10) Posted: that' s why the share price  never really move. I think shareholders rather they distribute the money back to shareholders or  invest the money in properties or reits or profitable business as mentioned by one of the bro here, rather than  throwing money into  a bankrupt company and hoping oil recovering above $80.. If oil never recovers, gone case.. bernardc      ( Date: 05-Sep-2017 14:52) Posted: cash is king.. the important thing is to survive ..this low oil demand n prices.. whats so good if cash to buy another bankrupt coy..?? can both emas n bakertech survive??
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HazardKoh Master	05-Sep-2017 15:10        HazardKoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	that' s why the share price  never really move. I think shareholders rather they distribute the money back to shareholders or  invest the money in properties or reits or profitable business as mentioned by one of the bro here, rather than  throwing money into  a bankrupt company and hoping oil recovering above $80.. If oil never recovers, gone case.. bernardc      ( Date: 05-Sep-2017 14:52) Posted: cash is king.. the important thing is to survive ..this low oil demand n prices.. whats so good if cash to buy another bankrupt coy..?? can both emas n bakertech survive??
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bernardc Elite	05-Sep-2017 14:52        bernardc About Contact  Quote this Post!
x 0   x 0  Alert Admin	cash is king.. the important thing is to survive ..this low oil demand n prices.. whats so good if cash to buy another bankrupt coy..?? can both emas n bakertech survive??
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beginners Veteran	05-Sep-2017 14:43        beginners About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agreed bro. If don't distribute at least used it to buy properties or REITs so as to generates as other income whether o&g is up or down. Then he will be from Ho Sheng=Ho say! If dump to EMAS will become BOH Ho say lol 😂 HazardKoh      ( Date: 05-Sep-2017 10:52) Posted: ya lo.. wait the $24m (bakertech shareholder' s money) is used to bailout Emas and Ezra major shareholders and lenders and the one who suffer are the Bakertech shareholders. Shareholders of bakertech rather have the $24M distributed to them. I hope they vote down this buyout of Emas beginners      ( Date: 05-Sep-2017 09:55) Posted: Better avoid buying or dump 24m into this shake head counter. It's a deep deep hole. Rather unlock this 24m and distribute to share holders
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HazardKoh Master	05-Sep-2017 10:52        HazardKoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	ya lo.. wait the $24m (bakertech shareholder' s money) is used to bailout Emas and Ezra major shareholders and lenders and the one who suffer are the Bakertech shareholders. Shareholders of bakertech rather have the $24M distributed to them. I hope they vote down this buyout of Emas beginners      ( Date: 05-Sep-2017 09:55) Posted: Better avoid buying or dump 24m into this shake head counter. It's a deep deep hole. Rather unlock this 24m and distribute to share holders
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beginners Veteran	05-Sep-2017 09:55        beginners About Contact  Quote this Post!
x 0   x 0  Alert Admin	Better avoid buying or dump 24m into this shake head counter. It's a deep deep hole. Rather unlock this 24m and distribute to share holders
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lifeisgood Supreme	05-Sep-2017 09:49        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ok lor, you go ask the company to convene an EGM and discuss this matter further. I also dont mind dividend, cash is always nice to have. But I seriously think a good chance to build the business by acquiring cheap assets should not be passed up.  HazardKoh      ( Date: 05-Sep-2017 09:45) Posted: The lenders are more than happy that Bakertech is buying over EMAS (white knight) becos they can get back their $$$.. :) and bakertech can hold the babies for them. And if oil price dun recover within 3 years, this $24M will be used to bail out the lenders of EMAS. $24M is almost half the cash that the company has. If this $24M later goes to waste, then expect the share price to drop by half too.. I think shareholders should reject this proposal buying over of EMAS, instead ask the company to distribute the cash back to shareholders. junction      ( Date: 05-Sep-2017 09:41) Posted: " If the lenders have written off most of the loans, or restuctured them in such a way the assets can earn enough to pay off the debt, then this would be a GREAT buy" I don know about great buy for the buyers but it certainly would be for the lenders.   Then they may switch off new loans and we are back to square one.   Banks are your friends in good times but your   worst enemy in bad times
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HazardKoh Master	05-Sep-2017 09:45        HazardKoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	The lenders are more than happy that Bakertech is buying over EMAS (white knight) becos they can get back their $$$.. :) and bakertech can hold the babies for them. And if oil price dun recover within 3 years, this $24M will be used to bail out the lenders of EMAS. $24M is almost half the cash that the company has. If this $24M later goes to waste, then expect the share price to drop by half too.. I think shareholders should reject this proposal buying over of EMAS, instead ask the company to distribute the cash back to shareholders. junction      ( Date: 05-Sep-2017 09:41) Posted: " If the lenders have written off most of the loans, or restuctured them in such a way the assets can earn enough to pay off the debt, then this would be a GREAT buy" I don know about great buy for the buyers but it certainly would be for the lenders.   Then they may switch off new loans and we are back to square one.   Banks are your friends in good times but your   worst enemy in bad times. lifeisgood      ( Date: 05-Sep-2017 09:13) Posted: Some terrible asset buyers: 1. Kris Wiluan - bought a few companies, including KS energy from Tan Kim Seng, and merge 3 into 1, then now becomes almost worthless. 2. Ezra Lionel Lee - too aggressive, bought many large AHTS and build Lewek Consternation at USD 625 million (plus others), at the height of the market. Great asset sellers: 1. Tan Kim Seng: Sold KS Energy to Kris Wiluan and then sold Scott and English to Swissco, which killed Swissco. Great assets buyer: Baker Tech. Track Record: PPL shipyard. We will see how it goes for this Emas Offshore. Just a small USD 25 million investment, but bought more than 12 years of sweat and hardwork by EMAS, and lots of valuable assets. If the lenders have written off most of the loans, or restuctured them in such a way the assets can earn enough to pay off the debt, then this would be a GREAT buy.
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junction Master	05-Sep-2017 09:41        junction About Contact  Quote this Post!
x 0   x 0  Alert Admin	" If the lenders have written off most of the loans, or restuctured them in such a way the assets can earn enough to pay off the debt, then this would be a GREAT buy" I don know about great buy for the buyers but it certainly would be for the lenders.   Then they may switch off new loans and we are back to square one.   Banks are your friends in good times but your   worst enemy in bad times. lifeisgood      ( Date: 05-Sep-2017 09:13) Posted: Some terrible asset buyers: 1. Kris Wiluan - bought a few companies, including KS energy from Tan Kim Seng, and merge 3 into 1, then now becomes almost worthless. 2. Ezra Lionel Lee - too aggressive, bought many large AHTS and build Lewek Consternation at USD 625 million (plus others), at the height of the market. Great asset sellers: 1. Tan Kim Seng: Sold KS Energy to Kris Wiluan and then sold Scott and English to Swissco, which killed Swissco. Great assets buyer: Baker Tech. Track Record: PPL shipyard. We will see how it goes for this Emas Offshore. Just a small USD 25 million investment, but bought more than 12 years of sweat and hardwork by EMAS, and lots of valuable assets. If the lenders have written off most of the loans, or restuctured them in such a way the assets can earn enough to pay off the debt, then this would be a GREAT buy.
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HazardKoh Master	05-Sep-2017 09:40        HazardKoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	strange leh... given a choice of Option 1:  Share price  trading at  58 cents now  (buying EMAS for $24M)  plus it may take a few years for share price to reach 68 cents if this buying over EMAS turns out to be good and provided oil price can recover back above $80 within 3 years time vs Option 2: Share price trading at 68 cents now (Capital reduction/Special dividend)  of $24M with 10 cents dividend. U rather choose Option 1??? I think shareholders should demand the company to return the $24M to shareholders which is around 11 cents  per share  rather than potentially wasting the money on EMAS unless u can tell me oil price is definitely going to recover in 3 years time or u can afford to wait indefinitely for the oil price to recover (provided EMAS dun go bankrupt first). .   lifeisgood      ( Date: 05-Sep-2017 09:28) Posted: I want a business that can grow. If Baker can pick up a good business at a cheap price and grow, then more dividend will come. At crisis time, cash is king. It is because cash can buy valuable assets at rock bottom, bargain price. A company should give away as much cash as dividend it can afford during the HEIGHT of the market, because then there is nothing much the company can buy. In fact, cash is quite worthless at the HEIGHT of the market. But at the BOTTOM of the market like now, use the cash to buy assets!  HazardKoh      ( Date: 05-Sep-2017 09:21) Posted: We have to look into the details. Remember Sabana bought over assets at a high price, kana deep deep from share holders. If Bakertech is able to buy the assets at dirt cheap price, then good. But if Bakertech buys over the assets at inflated price just to " save" Emas or it' s shareholders then will kana deep deep from shareholders. One thing is for sure. If they had announced distributing the $24M as special dividend, it would be $24000000 divided by 202878000 shares = $0.11 per share.. ==> Share price would have rocket at least 10 cents today aka 68 cents trading price. So as a shareholder, looking at the trading price of 58 cents vs a potential trading price of 68 cents if $24M were to be distributed as special dividend or capital reduction, which one u prefer? :)
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lifeisgood Supreme	05-Sep-2017 09:28        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	I want a business that can grow. If Baker can pick up a good business at a cheap price and grow, then more dividend will come. At crisis time, cash is king. It is because cash can buy valuable assets at rock bottom, bargain price. A company should give away as much cash as dividend it can afford during the HEIGHT of the market, because then there is nothing much the company can buy. In fact, cash is quite worthless at the HEIGHT of the market. But at the BOTTOM of the market like now, use the cash to buy assets!  HazardKoh      ( Date: 05-Sep-2017 09:21) Posted: We have to look into the details. Remember Sabana bought over assets at a high price, kana deep deep from share holders. If Bakertech is able to buy the assets at dirt cheap price, then good. But if Bakertech buys over the assets at inflated price just to " save" Emas or it' s shareholders then will kana deep deep from shareholders. One thing is for sure. If they had announced distributing the $24M as special dividend, it would be $24000000 divided by 202878000 shares = $0.11 per share.. ==> Share price would have rocket at least 10 cents today aka 68 cents trading price. So as a shareholder, looking at the trading price of 58 cents vs a potential trading price of 68 cents if $24M were to be distributed as special dividend or capital reduction, which one u prefer? :)   lifeisgood      ( Date: 05-Sep-2017 09:13) Posted: Some terrible asset buyers: 1. Kris Wiluan - bought a few companies, including KS energy from Tan Kim Seng, and merge 3 into 1, then now becomes almost worthless. 2. Ezra Lionel Lee - too aggressive, bought many large AHTS and build Lewek Consternation at USD 625 million (plus others), at the height of the market. Great asset sellers: 1. Tan Kim Seng: Sold KS Energy to Kris Wiluan and then sold Scott and English to Swissco, which killed Swissco. Great assets buyer: Baker Tech. Track Record: PPL shipyard. We will see how it goes for this Emas Offshore. Just a small USD 25 million investment, but bought more than 12 years of sweat and hardwork by EMAS, and lots of valuable assets. If the lenders have written off most of the loans, or restuctured them in such a way the assets can earn enough to pay off the debt, then this would be a GREAT buy.
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HazardKoh Master	05-Sep-2017 09:21        HazardKoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	We have to look into the details. Remember Sabana bought over assets at a high price, kana deep deep from share holders. If Bakertech is able to buy the assets at dirt cheap price, then good. But if Bakertech buys over the assets at inflated price just to " save" Emas or it' s shareholders then will kana deep deep from shareholders. One thing is for sure. If they had announced distributing the $24M as special dividend, it would be $24000000 divided by 202878000 shares = $0.11 per share.. ==> Share price would have rocket at least 10 cents today aka 68 cents trading price. So as a shareholder, looking at the trading price of 58 cents vs a potential trading price of 68 cents if $24M were to be distributed as special dividend or capital reduction, which one u prefer? :)   lifeisgood      ( Date: 05-Sep-2017 09:13) Posted: Some terrible asset buyers: 1. Kris Wiluan - bought a few companies, including KS energy from Tan Kim Seng, and merge 3 into 1, then now becomes almost worthless. 2. Ezra Lionel Lee - too aggressive, bought many large AHTS and build Lewek Consternation at USD 625 million (plus others), at the height of the market. Great asset sellers: 1. Tan Kim Seng: Sold KS Energy to Kris Wiluan and then sold Scott and English to Swissco, which killed Swissco. Great assets buyer: Baker Tech. Track Record: PPL shipyard. We will see how it goes for this Emas Offshore. Just a small USD 25 million investment, but bought more than 12 years of sweat and hardwork by EMAS, and lots of valuable assets. If the lenders have written off most of the loans, or restuctured them in such a way the assets can earn enough to pay off the debt, then this would be a GREAT buy.
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