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treetops Elite	28-Jul-2016 10:09        treetops About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Moments Today, Memories Tomorrow!"
x 0   x 0  Alert Admin	Short term trade can still buy at 0.019. Should be able to closed above 0.022. Buy on fear cos alot of them want to balance their holding price. So short term intra trade still can gain. Cheer and good luck! miumiu      ( Date: 05-Apr-2016 21:01) Posted: Not sure if this is yay or nay leh... Any insights? granto      ( Date: 05-Apr-2016 20:07) Posted: Swissco eyes VM Marine takeover:  http://splash247.com/swissco-eyes-vm-offshore-takeover/
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johnng Supreme	28-Jul-2016 09:55        johnng About Contact  Quote this Post!
x 0   x 0  Alert Admin	ohh dear...gone case...TAN KIM SENG also gone... tonytan44      ( Date: 28-Jul-2016 09:48) Posted: it has been dropping because they have a small stake in swiber which is worthless now
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tonytan44 Supreme	28-Jul-2016 09:48        tonytan44 About Contact  Quote this Post!
x 0   x 0  Alert Admin	it has been dropping because they have a small stake in swiber which is worthless now
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Newlearner Veteran	24-May-2016 17:12        Newlearner About Contact  Quote this Post!
x 0   x 0  Alert Admin	What happen to this counter? Tot it is better than many Oil/ Gas related counters. Now melted like no body business
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miumiu Veteran	05-Apr-2016 21:01        miumiu About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not sure if this is yay or nay leh... Any insights? granto      ( Date: 05-Apr-2016 20:07) Posted: Swissco eyes VM Marine takeover:  http://splash247.com/swissco-eyes-vm-offshore-takeover/
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granto Master	05-Apr-2016 20:07        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	Swissco eyes VM Marine takeover:  http://splash247.com/swissco-eyes-vm-offshore-takeover/
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pnuklis Master	18-May-2015 08:34        pnuklis About Contact  Quote this Post!
x 0   x 0  Alert Admin	All the old team is cleaned up and the last of them is Alex. This is a new company with newer assets and maker is down
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granto Master	17-May-2015 22:27        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	Swissco ceo Alex Yeo retires:  http://splash247.com/swissco-ceo-alex-yeo-retires/
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edwinjup Supreme	15-May-2015 18:14        edwinjup About Contact  Quote this Post!
x 0   x 1  Alert Admin	Watch out for Mexico contracts...scare Kanna cancel or delay in payment... WanSiTong      ( Date: 13-May-2015 14:11) Posted: Swissco kept at ' add' by CIMB, lifts target price to 61 cents SINAGPORE (May 13): CIMB Research is maintaining its " Add" call on Swissco Holdings  with a higher target price of 61 cents based on blended valuations. Its previous target price of 55 cents was based on 7.5 times calendar year 2016 price to earnings ratio. " The current valuation of 0.8 times calendar year 2015 (CY15) price to book value (P/BV) versus forward return on equity (ROE) of 13% and cost of equity (COE) of 9% is far too pessimistic, in our view," said CIMB analyst Yeo Zhi Bin and Lim Siew Khee. Swissco' s 1Q15 core net profit of US$18 million beat CIMB' s expectations because the house made an overly-conservative assumption of a 20% blanket cut in day rates for all its rigs. " We were now model in an as-it-is base-case scenario, erasing the 20% rate discount," it added. With the change in assumptions, CIMB has lifted Swissco' s FY15 earnings per share (EPS) by 10%, but reduced its EPS for FY16 by 12%. According to CIMB, Swissco is likely to generate US$44.49 million and US$33.48 million in core net profit for FY15 and FY16 respectively. This is on the back of revenue of US$62.53 million and US$68.25 million respectively. Catalysts for the stock could also come from progressive renewal of the four Ensco rigs. " Three of the rigs would go off-hire progressively from June till the end of the year the remaining one would go off-hire at end-Sep 16.  But should the rigs be re-contracted, we expect performance of the remaining quarters to match or even better 1Q15' s performance," CIMB said. The offshore support vessels services provider reported earnings of US$21.8 million ($29.1 million), or 3.26 US cents, for the first quarter ended 31 March 2015 (1Q15). Revenue came in at US$19.1 million. In terms of breakdown by segment, the group' s two fully-owned drilling rigs contributed US$11.0 million to 1Q15 revenue after commencing charter in September 2014. The group started recognising revenue from its Offshore Support Vessel (OSV) segment from August 2014, and OSV-chartering contributed US$7.8 million to 1Q15 revenue. The two jointly-owned drilling rigs which started operations in September 2014 also contributed US$4.8 million in share of profits of associated companies for 1Q15. At 1.27 pm, Swissco was traded at 45.5 cents, up 0.5 cents. This gives it a market capitalisation of $302.14 million.
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yNotcool Member	15-May-2015 18:11        yNotcool About Contact  Quote this Post!
x 0   x 0  Alert Admin	Alex yeo stepping down as the chief executive officer and tan fuh gih taking up this role to fully devote his time and resource to run the whole company. Is it more of good news or bad news?
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WanSiTong Supreme	13-May-2015 14:11        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Swissco kept at ' add' by CIMB, lifts target price to 61 cents SINAGPORE (May 13): CIMB Research is maintaining its " Add" call on Swissco Holdings  with a higher target price of 61 cents based on blended valuations. Its previous target price of 55 cents was based on 7.5 times calendar year 2016 price to earnings ratio. " The current valuation of 0.8 times calendar year 2015 (CY15) price to book value (P/BV) versus forward return on equity (ROE) of 13% and cost of equity (COE) of 9% is far too pessimistic, in our view," said CIMB analyst Yeo Zhi Bin and Lim Siew Khee. Swissco' s 1Q15 core net profit of US$18 million beat CIMB' s expectations because the house made an overly-conservative assumption of a 20% blanket cut in day rates for all its rigs. " We were now model in an as-it-is base-case scenario, erasing the 20% rate discount," it added. With the change in assumptions, CIMB has lifted Swissco' s FY15 earnings per share (EPS) by 10%, but reduced its EPS for FY16 by 12%. According to CIMB, Swissco is likely to generate US$44.49 million and US$33.48 million in core net profit for FY15 and FY16 respectively. This is on the back of revenue of US$62.53 million and US$68.25 million respectively. Catalysts for the stock could also come from progressive renewal of the four Ensco rigs. " Three of the rigs would go off-hire progressively from June till the end of the year the remaining one would go off-hire at end-Sep 16.  But should the rigs be re-contracted, we expect performance of the remaining quarters to match or even better 1Q15' s performance," CIMB said. The offshore support vessels services provider reported earnings of US$21.8 million ($29.1 million), or 3.26 US cents, for the first quarter ended 31 March 2015 (1Q15). Revenue came in at US$19.1 million. In terms of breakdown by segment, the group' s two fully-owned drilling rigs contributed US$11.0 million to 1Q15 revenue after commencing charter in September 2014. The group started recognising revenue from its Offshore Support Vessel (OSV) segment from August 2014, and OSV-chartering contributed US$7.8 million to 1Q15 revenue. The two jointly-owned drilling rigs which started operations in September 2014 also contributed US$4.8 million in share of profits of associated companies for 1Q15. At 1.27 pm, Swissco was traded at 45.5 cents, up 0.5 cents. This gives it a market capitalisation of $302.14 million.
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yNotcool Member	12-May-2015 18:39        yNotcool About Contact  Quote this Post!
x 0   x 0  Alert Admin	Actually I think the probability of fetching the usual high of 80-90k/ day rate seem glim. Budden if Pemex is to cancel their contract they would have warned it a few months in advance like in 25th feb verbally warning to paragon and diamon offshore before official written termination in May 6. As such with contract ending end of June' 15 think Pemex won' t play Swissco backside and cancel contract last minute till they can' t find new charterer. they are likely to be nego discount which means profit will be damped will what u said. Still better than termination
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Qanghoo Supreme	12-May-2015 18:20        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	As a precaution, they also did warn abt pressure on day rates during previous qtr announcement.  This time, they also mentioned abt excessive rig capacity.  Not surprising as the rig count in US shale operations have dropped by abt 1,000.  So, do temper our expectations of bullish results for the next few qtrs.  yNotcool      ( Date: 12-May-2015 18:09) Posted: Swissco just posted a superb first quarterly result? Net profit of 21.8m vs 4.1m in the previous year quarterly. Net profit margin seems too good to be true at 40~%? Izzit counted by 9.5m/19m? Management reiterate that contract are still safe but may come under pressure for the day chartering day? Which means ensco 93 due in June would prolly fetch lower than the expected 80-90k/day while ensco 83 88 and 98 due in aug nov 2015 and 2016 would likely not be cancelled I believe
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yNotcool Member	12-May-2015 18:09        yNotcool About Contact  Quote this Post!
x 0   x 0  Alert Admin	Swissco just posted a superb first quarterly result? Net profit of 21.8m vs 4.1m in the previous year quarterly. Net profit margin seems too good to be true at 40~%? Izzit counted by 9.5m/19m? Management reiterate that contract are still safe but may come under pressure for the day chartering day? Which means ensco 93 due in June would prolly fetch lower than the expected 80-90k/day while ensco 83 88 and 98 due in aug nov 2015 and 2016 would likely not be cancelled I believe
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yNotcool Member	29-Apr-2015 13:13        yNotcool About Contact  Quote this Post!
x 0   x 0  Alert Admin	Anyone been to the agm. Care to share if anything was shared about the 4 ensco contract with Pemex and how many 50%\100% rig wil be added in the h2 2015. Thanks
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halleluyah Supreme	23-Mar-2015 10:34        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	" Pu how wan" ....drink kopi O first....macam later will mati liao....
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halleluyah Supreme	20-Mar-2015 16:22        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	babe lai liao.....fly babe fly..... edwinjup      ( Date: 20-Mar-2015 16:15) Posted: Little only... halleluyah      ( Date: 20-Mar-2015 16:14) Posted: bro ah win arh, got jeep boh?? going to run up liao....
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edwinjup Supreme	20-Mar-2015 16:15        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	Little only... halleluyah      ( Date: 20-Mar-2015 16:14) Posted: bro ah win arh, got jeep boh?? going to run up liao....
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halleluyah Supreme	20-Mar-2015 16:14        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	bro ah win arh, got jeep boh?? going to run up liao....
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halleluyah Supreme	20-Mar-2015 16:05        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	jeep some babe....come 0.40...come....
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