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sheerluck Supreme	16-Mar-2017 18:07        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	CEO sold another 225k shares at 4.6cts.....I think shareholders must hantam him during AGM.   Maybe he resign just before AGM to siam AGM.   Who knows......... sheerluck      ( Date: 15-Mar-2017 17:22) Posted: WTF!!?!?!   EO sold another 2.35mil shares at 4.6cts yesterday.   This one even CEO forsake.   Looks like 2cts coming. sheerluck      ( Date: 14-Mar-2017 18:24) Posted: CEO disposed another 750k shares at 4.7cts.   Why he keep signalling to the market that Nam Cheong is worth less   than what it is now???? Since the beginning of this year, CEO has already dumped 200k at 5.8cts and 1,128k shares at 5.6cts.   If CEO dumps as price decline, how can anyone else buy with confidence?   Do show also not willing?   NC so jialat liao meh?
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sheerluck Supreme	15-Mar-2017 22:30        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	NC is funding all its BTS vessel through debts without any prospect of sellign them in near, mid and unfortunately long term is US$50-$60 is new norm for oil price.   NC has become a ticking time bomb. The frequency of the CEO selling recently is really " disturbing" .   Seems like a prelude a major oncoming disastrous event. Watch out for it...... hardwired      ( Date: 15-Mar-2017 22:00) Posted: It is really hard to see how NC can ever pull out of its current demise. NC is simply too  far down in the food chain to be positively impacted by any  relief in the price of oil. The over supply of OSV globally means it will probably take years before demand for new builds  to surface. The picture is extremely bleak, and when the CEO starts off loading his shareholdings, you get a glimpse of what is in store. This stock is absolutely for punters and has little to no investment value, unless one has a lot of cash to throw away or balls of steel. Good luck fellows.
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hardwired Senior	15-Mar-2017 22:00        hardwired About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	It is really hard to see how NC can ever pull out of its current demise. NC is simply too  far down in the food chain to be positively impacted by any  relief in the price of oil. The over supply of OSV globally means it will probably take years before demand for new builds  to surface. The picture is extremely bleak, and when the CEO starts off loading his shareholdings, you get a glimpse of what is in store. This stock is absolutely for punters and has little to no investment value, unless one has a lot of cash to throw away or balls of steel. Good luck fellows.
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destinykraze Elite	15-Mar-2017 19:23        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	can pickup when its 0.01 then. Even CEO selling non-stop. shadow      ( Date: 15-Mar-2017 17:42) Posted: CEO not performing and no new contracts for very long. This CEOs only have less then 5% stakes , maybe of all you know a change of CEO soon is a good thing...! Lately Saudi King visited Malaysia and  signed with Malaysia some us$7b oil project starting 2018. This should be good news for OSV players like NC which is the biggest player in Malaysia. However DBS CIMB  Analyst    are pessimistic on NC outlook especially on its debts. DBShttps://www.dbs.com.sg/treasures/aics/EquityArticle.page?dcrPath=templatedata/article/equity/data/en/DBSV/012014/NCL_SP.xml Maintain FULLY VALUED as no turnaround in sight. With no new orders since March 2015, negative operating cash flows of RM291m for FY16, continuing trend of order cancellations, and a still-oversupplied OSV market, the outlook remains bleak for Nam Cheong. Current maturities of RM670m of bank debt and three note maturities in FY17/18/19 of S$90m/S$75m/S$200m present major liquidity hurdles, in our view. These must be financed with a combination of cash from deliveries (which could total RM500-600m across FY17/18, assuming no further cancellations) and additional drawdowns of credit facilities (of ~RM800m). But there is risk to both these sources of cash, as owners in general continue to push back delivery dates and undrawn credit facilities are subject to lenders&rsquo risk tolerance. We continue to believe the stock&rsquo s risk-reward profile is skewed to the downside, and maintain our FULLY VALUED call with an unchanged TP of S$0.04. Shipbuilding activity remains slow net losses of RM5.6m recorded in 4Q16. Core shipbuilding revenue was around RM40m for the quarter &ndash way below pre-crisis levels of c.RM200-500m &ndash and the orderbook is slowly being drawn down with no replenishment, now standing at RM430m. Meanwhile, the charter segment reported its sixth consecutive quarterly gross loss. Thus we expect net losses to persist for Nam Cheong as revenue is not sufficient to cover operating and finance costs. Forecasts lowered on Perdana cancellation and vessel deferrals. We are lowering our revenue forecasts for FY17/18 on the back of cancellation of Perdana&rsquo s second AWB and further push-back of the existing delivery schedule for vessels on order we now expect core net losses of RM45m/42m in FY17/FY18.   sheerluck      ( Date: 15-Mar-2017 17:22) Posted: WTF!!?!?!   EO sold another 2.35mil shares at 4.6cts yesterday.   This one even CEO forsake.   Looks like 2cts coming.
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shadow Veteran	15-Mar-2017 17:42        shadow About Contact  Quote this Post!
x 0   x 0  Alert Admin	CEO not performing and no new contracts for very long. This CEOs only have less then 5% stakes , maybe of all you know a change of CEO soon is a good thing...! Lately Saudi King visited Malaysia and  signed with Malaysia some us$7b oil project starting 2018. This should be good news for OSV players like NC which is the biggest player in Malaysia. However DBS CIMB  Analyst    are pessimistic on NC outlook especially on its debts. DBShttps://www.dbs.com.sg/treasures/aics/EquityArticle.page?dcrPath=templatedata/article/equity/data/en/DBSV/012014/NCL_SP.xml Maintain FULLY VALUED as no turnaround in sight. With no new orders since March 2015, negative operating cash flows of RM291m for FY16, continuing trend of order cancellations, and a still-oversupplied OSV market, the outlook remains bleak for Nam Cheong. Current maturities of RM670m of bank debt and three note maturities in FY17/18/19 of S$90m/S$75m/S$200m present major liquidity hurdles, in our view. These must be financed with a combination of cash from deliveries (which could total RM500-600m across FY17/18, assuming no further cancellations) and additional drawdowns of credit facilities (of ~RM800m). But there is risk to both these sources of cash, as owners in general continue to push back delivery dates and undrawn credit facilities are subject to lenders&rsquo risk tolerance. We continue to believe the stock&rsquo s risk-reward profile is skewed to the downside, and maintain our FULLY VALUED call with an unchanged TP of S$0.04. Shipbuilding activity remains slow net losses of RM5.6m recorded in 4Q16. Core shipbuilding revenue was around RM40m for the quarter &ndash way below pre-crisis levels of c.RM200-500m &ndash and the orderbook is slowly being drawn down with no replenishment, now standing at RM430m. Meanwhile, the charter segment reported its sixth consecutive quarterly gross loss. Thus we expect net losses to persist for Nam Cheong as revenue is not sufficient to cover operating and finance costs. Forecasts lowered on Perdana cancellation and vessel deferrals. We are lowering our revenue forecasts for FY17/18 on the back of cancellation of Perdana&rsquo s second AWB and further push-back of the existing delivery schedule for vessels on order we now expect core net losses of RM45m/42m in FY17/FY18.   sheerluck      ( Date: 15-Mar-2017 17:22) Posted: WTF!!?!?!   EO sold another 2.35mil shares at 4.6cts yesterday.   This one even CEO forsake.   Looks like 2cts coming. sheerluck      ( Date: 14-Mar-2017 18:24) Posted: CEO disposed another 750k shares at 4.7cts.   Why he keep signalling to the market that Nam Cheong is worth less   than what it is now???? Since the beginning of this year, CEO has already dumped 200k at 5.8cts and 1,128k shares at 5.6cts.   If CEO dumps as price decline, how can anyone else buy with confidence?   Do show also not willing?   NC so jialat liao meh?
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sheerluck Supreme	15-Mar-2017 17:22        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	WTF!!?!?!   EO sold another 2.35mil shares at 4.6cts yesterday.   This one even CEO forsake.   Looks like 2cts coming. sheerluck      ( Date: 14-Mar-2017 18:24) Posted: CEO disposed another 750k shares at 4.7cts.   Why he keep signalling to the market that Nam Cheong is worth less   than what it is now???? Since the beginning of this year, CEO has already dumped 200k at 5.8cts and 1,128k shares at 5.6cts.   If CEO dumps as price decline, how can anyone else buy with confidence?   Do show also not willing?   NC so jialat liao meh?
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destinykraze Elite	14-Mar-2017 21:57        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	Quote for hard truths. probably more downside to come, same goes for rowsley. when the directors starts to dump, better run. $0.13 range to $0.11 now for rowsley. sheerluck      ( Date: 14-Mar-2017 18:24) Posted: CEO disposed another 750k shares at 4.7cts.   Why he keep signalling to the market that Nam Cheong is worth less   than what it is now???? Since the beginning of this year, CEO has already dumped 200k at 5.8cts and 1,128k shares at 5.6cts.   If CEO dumps as price decline, how can anyone else buy with confidence?   Do show also not willing?   NC so jialat liao meh?
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Wind22i Supreme	14-Mar-2017 19:00        Wind22i About Contact  Quote this Post!
x 0   x 0  Alert Admin	Result impacted by cancel order etc.. and no new sales / order.. Outlook is gloomy - cimb research.
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sheerluck Supreme	14-Mar-2017 18:24        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	CEO disposed another 750k shares at 4.7cts.   Why he keep signalling to the market that Nam Cheong is worth less   than what it is now???? Since the beginning of this year, CEO has already dumped 200k at 5.8cts and 1,128k shares at 5.6cts.   If CEO dumps as price decline, how can anyone else buy with confidence?   Do show also not willing?   NC so jialat liao meh?
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sheerluck Supreme	09-Mar-2017 14:35        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 1   x 0  Alert Admin	Record Number of OSVs to Be Delivered in 2017 http://www.marinelink.com/news/delivered-number-record422930 Vessel oversupply will continue to plague the offshore industry this year as a record total of 465 offshore support vessels (OSV) are expected to be delivered in 2017, according to VesselsValue. Beginning with the drop in oil prices and then lower demand for offshore research projects, the offshore industry is struggling with historically low asset prices, while many offshore vessel owners around the world have been led to bankruptcy. Now as the industry faces a large amount of vessel oversupply, a record number of OSV deliveries, including anchor handling tugs, (AHT) anchor handling tug/supply vessels (AHTS) and platform supply vessels (PSV), would only further exacerbate the sector&rsquo s problems. So far 15 OSVs have been delivered in 2017, with another 456 on order globally. Incredibly 450 of these are scheduled for 2017 delivery, and only six for 2018, according to VesselsValue. Looking at countries currently expecting OSV deliveries, owners in Malaysia and Singapore have the largest number of vessels currently on order, with 109 and 96 respectively. The top owner is the Malaysian company Nam Cheong International LTD, who currently has 56 vessels scheduled for delivery, double that of the second rank, an another Malaysian company Coastal Contracts, who only has 28 OSV vessels on order. -------------------------------------------------------------------------------------------------------------------------------------------- Wow NC got 56 vessels on order to be delivered!!   Really?
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Wind22i Supreme	28-Feb-2017 19:50        Wind22i About Contact  Quote this Post!
x 0   x 0  Alert Admin	Result impacted by cancel order etc.. Outlook is gloomy
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james81 Member	28-Feb-2017 19:49        james81 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	http://www.straitstimes.com/business/companies-markets/nam-cheong-narrows-q4-loss-to-rm56m-from-rm215m-a-year-ago
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james81 Member	16-Feb-2017 18:23        james81 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Result coming ? Think how?
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BrownBrown Senior	03-Feb-2017 09:28        BrownBrown About Contact  Quote this Post!
x 0   x 0  Alert Admin	no buyer leh
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Wind22i Supreme	02-Feb-2017 21:08        Wind22i About Contact  Quote this Post!
x 0   x 0  Alert Admin	This company is a laggard when most of the oil and gas has run up... This one just need to get a good pump.. to see it move in tandem with rest of the herds..
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oldbirdy Senior	02-Feb-2017 20:39        oldbirdy About Contact  Quote this Post!
x 0   x 0  Alert Admin	真 的 很 "难 冲 " oldbirdy      ( Date: 27-Jan-2017 10:08) Posted: 难 沖 !!!!! oldbirdy      ( Date: 01-Dec-2016 14:50) Posted: 难 沖 !!!!!
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hardwired Senior	02-Feb-2017 13:22        hardwired About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Oil price go up no use. Nam Cheong needs buyers for its vessels. The moment its vessels sell, NC share price will go up.
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Wind22i Supreme	02-Feb-2017 13:08        Wind22i About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oil and gas booming ...but nam chong lagging the rest haha
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oldbirdy Senior	27-Jan-2017 10:08        oldbirdy About Contact  Quote this Post!
x 0   x 0  Alert Admin	难 沖 !!!!! oldbirdy      ( Date: 01-Dec-2016 14:50) Posted: 难 沖 !!!!!
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yagami Senior	27-Jan-2017 10:00        yagami About Contact  Quote this Post!   Yells: "Lets make money together from market :)"
x 0   x 0  Alert Admin	what happen to Nam Cheong? dropped everyday. Oil is going 55 leh
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