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Latest Forum Topics / Swissco Hldg  Post Reply
Is Swissco a good buy?
pnuklis
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05-Oct-2016 12:31     
 
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cannot even pay the cupon (interest) payment imagine what will happen to the bond principle???????????????? Who would want to convert in to stocks? at what price one cent? The situation is horrible in Swissco. Robert Chua was lucky he sold all his stocks to these guys from Scot & english! Good timing for Robert.
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Qanghoo
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05-Oct-2016 09:19     
 
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Still go punk style or not?  Then as incentive, thrown in ang moh hairdye? 

ysh2006      ( Date: 05-Oct-2016 08:36) Posted:



Today also Ausgroup ask  bond holders for a haircut....what is the new trend for haircut style? botak or durian type?...

FaceTheFact      ( Date: 04-Oct-2016 12:31) Posted:



OCT 4, 201611:40 AM


[SINGAPORE] Singapore' s junk-bond market is suffering its worst rout in at least four years as debt restructurings spread among shipping and oil-and-gas service companies.

High-yield notes in the local currency from borrowers in Singapore slid 1.9 per cent last quarter, the most in an IHS Markit Ltd index going back to 2012. Rig and vessel chartering group Swissco Holdings Ltd added to the list of firms seeking to reorganise debt Tuesday.

It appointed Ernst & Young Solutions LLP to assist in the refinancing and restructuring of S$100 million of notes maturing in 2018, according to an exchange filing.

" The refinancing plan is to allow the company to have an optimised debt structure, with sufficient time to manage its liabilities and growth in the present industry conditions," Swissco said in the statement. The company is also engaging in discussions with bank lenders and holders of preference shares of two units in the group, it said.
Swissco sold the 5.7 per cent notes in Oct 2014 in a deal managed by Oversea-Chinese Banking Corp, according to Bloomberg data. The securities were last quoted at 47.5 Singapore cents on the US dollar, according to prices from DBS Bank Ltd.  The company will hold an informal meeting with note holders on Oct 10, before the next coupon payment on Oct 16.
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ysh2006
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05-Oct-2016 08:36     
 
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Today also Ausgroup ask  bond holders for a haircut....what is the new trend for haircut style? botak or durian type?...

FaceTheFact      ( Date: 04-Oct-2016 12:31) Posted:



OCT 4, 201611:40 AM


[SINGAPORE] Singapore' s junk-bond market is suffering its worst rout in at least four years as debt restructurings spread among shipping and oil-and-gas service companies.

High-yield notes in the local currency from borrowers in Singapore slid 1.9 per cent last quarter, the most in an IHS Markit Ltd index going back to 2012. Rig and vessel chartering group Swissco Holdings Ltd added to the list of firms seeking to reorganise debt Tuesday.

It appointed Ernst & Young Solutions LLP to assist in the refinancing and restructuring of S$100 million of notes maturing in 2018, according to an exchange filing.

" The refinancing plan is to allow the company to have an optimised debt structure, with sufficient time to manage its liabilities and growth in the present industry conditions," Swissco said in the statement. The company is also engaging in discussions with bank lenders and holders of preference shares of two units in the group, it said.
Swissco sold the 5.7 per cent notes in Oct 2014 in a deal managed by Oversea-Chinese Banking Corp, according to Bloomberg data. The securities were last quoted at 47.5 Singapore cents on the US dollar, according to prices from DBS Bank Ltd.  The company will hold an informal meeting with note holders on Oct 10, before the next coupon payment on Oct 16.
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FaceTheFact
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04-Oct-2016 12:31     
 
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OCT 4, 201611:40 AM


[SINGAPORE] Singapore' s junk-bond market is suffering its worst rout in at least four years as debt restructurings spread among shipping and oil-and-gas service companies.

High-yield notes in the local currency from borrowers in Singapore slid 1.9 per cent last quarter, the most in an IHS Markit Ltd index going back to 2012. Rig and vessel chartering group Swissco Holdings Ltd added to the list of firms seeking to reorganise debt Tuesday.

It appointed Ernst & Young Solutions LLP to assist in the refinancing and restructuring of S$100 million of notes maturing in 2018, according to an exchange filing.

" The refinancing plan is to allow the company to have an optimised debt structure, with sufficient time to manage its liabilities and growth in the present industry conditions," Swissco said in the statement. The company is also engaging in discussions with bank lenders and holders of preference shares of two units in the group, it said.
Swissco sold the 5.7 per cent notes in Oct 2014 in a deal managed by Oversea-Chinese Banking Corp, according to Bloomberg data. The securities were last quoted at 47.5 Singapore cents on the US dollar, according to prices from DBS Bank Ltd.  The company will hold an informal meeting with note holders on Oct 10, before the next coupon payment on Oct 16.
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Newlearner
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24-Sep-2016 11:58     
 
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 Alert Admin 		Legit claim or not, definitely not a good news at current market sentiment.

Any bros can share what is the major ssh, Tan's family holding stakes or where can I find the informations? From sgx website, free float only at 24%..

Thanks in advance

Qanghoo      ( Date: 23-Sep-2016 20:53) Posted:



Coy said it was disputing the claim (abt 2 mil - not sure whether USD or SGD).  Announcement was made on SGX yesterday.

Stocky901      ( Date: 23-Sep-2016 19:42) Posted:

Anyone still holding this? Being claimed liao. See today's news. Belly up?


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Newlearner
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24-Sep-2016 11:46     
 
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 Alert Admin 		HI bro, mind to share what u see in this company as financially sound?

Spanda      ( Date: 02-Jul-2016 17:11) Posted:



Swissco is financially sound. Not to worry

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Qanghoo
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23-Sep-2016 20:53     
 
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Coy said it was disputing the claim (abt 2 mil - not sure whether USD or SGD).  Announcement was made on SGX yesterday.

Stocky901      ( Date: 23-Sep-2016 19:42) Posted:

Anyone still holding this? Being claimed liao. See today's news. Belly up?

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Stocky901
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23-Sep-2016 19:42     
 
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 Alert Admin 		Anyone still holding this? Being claimed liao. See today's news. Belly up?
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johnng
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25-Aug-2016 12:06     
 
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Soon will rise back up
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moron101
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24-Aug-2016 19:31     
 
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 Alert Admin 		Mkt cap still below 40m. Potential candidate for watch list?

moron101      ( Date: 22-Aug-2016 21:34) Posted:

Dropping everyday.. Why?

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moron101
Supreme
22-Aug-2016 21:34     
 
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 Alert Admin 		Dropping everyday.. Why?
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Qanghoo
Supreme
16-Aug-2016 23:33     
 
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Seems dying faster than Kris?

Stocky901      ( Date: 16-Aug-2016 21:14) Posted:

Lower and lower.. why? Wake up babie..!
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Stocky901
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16-Aug-2016 21:14     
 
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 Alert Admin 		Lower and lower.. why? Wake up babie..!
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xtraderx
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28-Jul-2016 22:31     
 
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sembarine is a better short, keppel got other business to tahan.

Macqueen      ( Date: 28-Jul-2016 22:27) Posted:

Short Keppel a lot of meat my 2 cent DYODD

xtraderx      ( Date: 28-Jul-2016 21:09) Posted:



Yes all offshore and marine counters will suffer as long as oil price cannot recover. Want to play can but must hit and run.


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Macqueen
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28-Jul-2016 22:27     
 
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 Alert Admin 		Short Keppel a lot of meat my 2 cent DYODD

xtraderx      ( Date: 28-Jul-2016 21:09) Posted:



Yes all offshore and marine counters will suffer as long as oil price cannot recover. Want to play can but must hit and run.

dogbone1      ( Date: 28-Jul-2016 20:53) Posted:



Better cut and stay away all oil & gas counters in SGX for this year.....


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xtraderx
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28-Jul-2016 21:09     
 
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Yes all offshore and marine counters will suffer as long as oil price cannot recover. Want to play can but must hit and run.

dogbone1      ( Date: 28-Jul-2016 20:53) Posted:



Better cut and stay away all oil & gas counters in SGX for this year.....

MichaelSchenker      ( Date: 28-Jul-2016 19:35) Posted:



http://infopub.sgx.com/FileOpen/20160728_Announcement%20_General%20Business%20Updates.ashx?App=Announcement& FileID=414476

GENERAL BUSINESS UPDATES

The Board of Directors of Swissco Holdings Limited (&ldquo Swissco&rdquo or the &ldquo Company&rdquo , together
with its subsidiaries, the &ldquo Group&rdquo ) refers to the announcement of Swiber Holdings Limited
(&ldquo Swiber&rdquo ) dated 28 July 2016 in relation to its application to wind up Swiber.
As the Group does not have any business dealings with Swiber, the winding up of Swiber
will not have any effect on the Group&rsquo s results.
The Group is in a different business sector from Swiber, specifically, the Group is not in the
Engineering, Procurement, Installation, and Construction (&ldquo EPIC&rdquo ) services sector. The
Group&rsquo s activities are stated below, at the end of this announcement.
BY ORDER OF THE BOARD
Tan Ching Chek
Company Secretary
28 July 2016
 

 


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Lepin888
Veteran
28-Jul-2016 21:05     
 
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 Alert Admin 		Dont be too sure as some analysts have included this company as being in same sector likely to face tough operating conditions in next few yrs.... Sell
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dogbone1
Senior
28-Jul-2016 20:53     
 
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Better cut and stay away all oil & gas counters in SGX for this year.....

MichaelSchenker      ( Date: 28-Jul-2016 19:35) Posted:



http://infopub.sgx.com/FileOpen/20160728_Announcement%20_General%20Business%20Updates.ashx?App=Announcement& FileID=414476

GENERAL BUSINESS UPDATES

The Board of Directors of Swissco Holdings Limited (&ldquo Swissco&rdquo or the &ldquo Company&rdquo , together
with its subsidiaries, the &ldquo Group&rdquo ) refers to the announcement of Swiber Holdings Limited
(&ldquo Swiber&rdquo ) dated 28 July 2016 in relation to its application to wind up Swiber.
As the Group does not have any business dealings with Swiber, the winding up of Swiber
will not have any effect on the Group&rsquo s results.
The Group is in a different business sector from Swiber, specifically, the Group is not in the
Engineering, Procurement, Installation, and Construction (&ldquo EPIC&rdquo ) services sector. The
Group&rsquo s activities are stated below, at the end of this announcement.
BY ORDER OF THE BOARD
Tan Ching Chek
Company Secretary
28 July 2016
 

 

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MichaelSchenker
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28-Jul-2016 19:35     
 
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http://infopub.sgx.com/FileOpen/20160728_Announcement%20_General%20Business%20Updates.ashx?App=Announcement& FileID=414476

GENERAL BUSINESS UPDATES

The Board of Directors of Swissco Holdings Limited (&ldquo Swissco&rdquo or the &ldquo Company&rdquo , together
with its subsidiaries, the &ldquo Group&rdquo ) refers to the announcement of Swiber Holdings Limited
(&ldquo Swiber&rdquo ) dated 28 July 2016 in relation to its application to wind up Swiber.
As the Group does not have any business dealings with Swiber, the winding up of Swiber
will not have any effect on the Group&rsquo s results.
The Group is in a different business sector from Swiber, specifically, the Group is not in the
Engineering, Procurement, Installation, and Construction (&ldquo EPIC&rdquo ) services sector. The
Group&rsquo s activities are stated below, at the end of this announcement.
BY ORDER OF THE BOARD
Tan Ching Chek
Company Secretary
28 July 2016
 

 
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johnng
Supreme
25-Jul-2016 22:24     
 
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Suspend stock...stay clear
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