Latest Forum Topics /
Baker Technology
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All shareholders - Pay day today $$$$$$$$$$$$$$
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lifeisgood
Supreme |
05-Sep-2017 09:13
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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 08:45
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If u want to know how other investors think, later see what is the share price lo :)
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lifeisgood
Supreme |
05-Sep-2017 08:44
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The Japanese - Chiyoda was not smart. They came in too early, and valued Ezra too highly, at around USD 1.25 billion if I am not wrong.  Baker came in now to scoop up the prize, cheap cheap.
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danger
Supreme |
05-Sep-2017 08:19
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The shareholders of baker can only hope it don't go down the same way as chiyoda emas subsea Creditors then come knocking on door again Declare bankrupt | ||||
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acetron
Member |
05-Sep-2017 07:59
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Get rady for the jump later. TP0.65 | ||||
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acetron
Member |
05-Sep-2017 07:25
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BT strikes again.... able to buy these assets cheap is the way to go........  | ||||
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Observers
Elite |
05-Sep-2017 06:32
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I think the devil is in the details. If the restructuring is such that all existing debt is converted to equity, with no albatross around its neck, then I suppose slogging it out for the next 10 years for the pot of gold at the end of the rainbow might be a viable proposal. | ||||
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HazardKoh
Master |
05-Sep-2017 00:02
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When the offshore sectors recovers when oil price recovers to $80.. question is will oil price recover? U know that oil price can remain at $40-$50 for the next 10 years? U can refer to oil price historical chart. If oil price remains $40-$50 for the next 3 years (no need 10 years), Emas can survice? Money down the drain.. PPL shipyard ==> Not every time so lucky right? I think most would prefer Bakertech distribute out the cash as special dividend or capital reduction...  
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lifeisgood
Supreme |
04-Sep-2017 23:31
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http://stockresearchasia.com/baker-technology-ltd.html Check out the link above. I would like to share with our brothers here some info about Baker Tech. Dr Benety Chang seems to find EMAS OFFSHORE a very valuable asset. I am sure in time to come, when the offshore sectors recovers, this investment in EMAS may become as hugely profitable as PPL shipyard ( which SembMarine eventually acquired 100% of, and propelled SemMarine to be what it is today).  I am staying vested in Baker.  |
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MichaelSchenker
Master |
04-Sep-2017 22:37
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Why did the title of this thread say " Delisted" ? | ||||
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granto
Master |
04-Sep-2017 20:51
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Emas Offshore white knights revealed:  http://splash247.com/emas-offshore-white-knights-revealed/ | ||||
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HazardKoh
Master |
04-Sep-2017 20:46
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i think shareholders prefer them to declare special dividend or capital reduction and return the cash to them instead of sinking money into EMAS and may never get back the money if oil dun recover to $80 by 2020
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MichaelSchenker
Master |
04-Sep-2017 20:14
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Your questioned answered in the previous post.
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Observers
Elite |
04-Sep-2017 20:11
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Going to be white knight to Emas offshore apparently. 25mil USD to be exact.
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pnuklis
Master |
02-Sep-2017 16:14
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These guys are sitting on such apile of cash they are likely to be bought by some one or they are likely to buy some company or they buy back shares to increase the value of remaining shares.Or they do capital reduction by distribution os cash to all share holders. | ||||
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polomi
Member |
05-Jan-2016 18:52
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how thier liftboat stuff? no update at all? i hear rumour   baker engineering delay long time/fails to build the liftboat....anyone can confirm? |
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gravity8888
Supreme |
26-Oct-2015 16:50
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Okok cos emas move so fast .. thot this counter also | ||||
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luckyfa
Elite |
26-Oct-2015 14:28
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May not be so soon....All firing at the IT/Internet company in the Top volume!!! All other companies need a wait....
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gravity8888
Supreme |
26-Oct-2015 14:23
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Moving soon ?? Hee | ||||
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n3wbie
Elite |
02-Sep-2015 22:26
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think in this kind of climate, baker tech seems like a defensive counter to park $ and get some dividend. good margin of safety since about 17 cents per share are cash. as long as the company is able to generate positive operating cash flow and remains profitable, the cash pile will just keep growing. clearly a good target for takeover or RTO.  |
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