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I am already in .... shud I dump now ? :)
destinykraze ( Date: 05-Jan-2016 19:45) Posted:
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doesn' t matter. too late to go in now. insider trading / pump and dump scheme again.
AndyLoss ( Date: 05-Jan-2016 19:15) Posted:
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Triyards rose 9% today, any news ?
Triyards diversifies further to win $45.5m worth of new contracts: http://splash247.com/triyards-diversifies-further-to-win-45-5m-worth-of-new-contracts/
Surprising...even after results...price stuck at .41 lvls..
granto ( Date: 20-Oct-2015 10:20) Posted:
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OMG Triyard is breaking out!!! Results releasing tuesday or wednesday. Plus last week Straitstimes coverage on them, likely going to up up up!!!!!!
Ezra up, this one won' t be too far off.
" At a regional level, our companies are making a good name for themselves," he said, citing Ezion Holdings, one of the largest liftboat operators in the world, and Triyards, known to be the world' s lowest-cost liftboat builder and one that consistently delivers high-quality platforms.
http://www.straitstimes.com/business/companies-markets/foreign-corporates-eye-energy-firms-here
Sudden surge of oil prices. . This baby will fly for the next few weeks..
Wow. This one also sinking fast. SGX said this 20cts MTP is minimum trading price but market said is maximum trading price. Since the market is never worng, then obviously SGX is wrong. SGX still in denial? SGX still defiance?
Mentions Ezion and Triyards, negative on both businesses...
How oil price volatility affects us all: http://splash247.com/how-oil-price-volatility-affects-us-all/
This ship sank together with bros ezra & ezion.. all dead..
Good one, but GREXIT, got ppl waiting like me.LOL I think this one support shallow water rig, shd not be problem, if you are willing to hold.
Ezra cheaper than Triyards?? no logic at all..in any case Triyards still good at 0.4 P/B PE single digits
Triyards&rsquo reported a decent 3QFY15 PATMI of USD5.4m (-14% YoY, +6%
QoQ), slightly below expectations due to timing of revenues. Maintain
BUY with raised SGD0.84 TP (110% upside, from SGD0.77), based on 1x
current P/B, equivalent to 5.7x FY16F P/E. Gearing fell to a low of 0.3x
from 0.4x a quarter ago. It also announced USD175m contract wins for
two BH450 liftboats (4% ahead of our full-year USD480m target),
resulting in a surge in orderbook to USD520m.
Sequential quarters to be stronger. Triyards&rsquo revenue recognition
should be stronger next quarter with two liftboats entering the steep
portion of the S-curve. Based on the delivery schedule, c.80% of the
current USD520m orderbook will be recognised by end-FY16F, implying
much stronger QoQ performances. Management&rsquo s key goal will be to
continually replenish its orderbook over the next few years. A positive
surprise in 3QFY15 was the USD33m operating cash flow which reduced
the company&rsquo s net gearing to 0.3x from 0.4x a quarter ago.
Making conservative tweaks to model. Despite the larger than
expected orderbook, we are taking a more conservative view by i)
shifting revenue recognition towards later quarters due to timing, ii)
trimming gross margin assumptions to 17% from 18% (vs 22% in
3QFY15) and iii) increasing FY16F admin expenses by 3% though
management has guided for controlled overheads due to hiring freezes
and other cost-cutting measures. These result in EPS being adjusted by
-9%/+1% for FY15/16F. We expect room for positive surprises in FY16F
earnings even as our estimates are currently 9% ahead of consensus.
No compelling reasons for massive discount. Analyst Lee Yue Jer
assumes coverage of this stock. We remain optimistic on the liftboat
market due to low supply of competitive assets, coupled with growing
demand from oil majors re-focusing on production assets. Triyards&rsquo P/E
of < 4x and P/B of < 0.5x represent a 40-50% discount to peers, while the
company generates c.15% ROE. We raised our TP to SGD0.84 (from
SGD0.77), based on 1x current P/B, implying 7.7x/5.7x FY15/16F P/E.
We further highlight that profits from Triyards&rsquo USD520m orderbook, at
the current 8.5% net margin, is worth 46% of its current market cap.
Triyards remains one of our Top Picks in the sector.
Forecasts and Valuations Aug-12 Aug-13 Aug-14 Aug-15F Aug-16F
Total turnover (USDm) 367 275 269 271 416
Reported net profit (USDm) 44.1 31.4 26.7 26.3 35.1
Recurring net profit (USDm) 44.1 31.4 26.7 26.3 35.1
Recurring net profit growth (%) 0.0 (28.7) (15.2) (1.3) 33.6
Recurring EPS (USD) 0.15 0.11 0.09 0.08 0.11
DPS (USD) 0.01 0.01 0.01 0.01 0.01
Recurring P/E (x) 1.98 2.78 3.28 3.65 2.73
P/B (x) 0.83 0.59 0.52 0.46 0.40
P/CF (x) na 5.8 11.7 1.9 10.3
Dividend Yield (%) 5.0 5.0 2.5 2.5 3.8
EV/EBITDA (x) 2.58 3.85 4.06 3.94 2.96
Return on average equity (%) 0.0 24.9 16.9 13.9 15.6
Net debt to equity (%) 56.2 51.7 51.2 29.9 25.1
Our vs consensus EPS (adjusted) (%) (6.5) 8.7
Source: Company data, RHB
Ezra will have to declare any changes to its holding composition on Triyards... ... .. The stock does not trade more than an avg of $500k daily. Too little to have any significant manipulative benefits. It gets shorted almost never as well. Hence I dont buy into your comment :)
KAMAL0883 ( Date: 23-Apr-2015 11:12) Posted:
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Not rumur .......this is how Ezra finding $$$$$
pretarious ( Date: 23-Apr-2015 10:41) Posted:
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Short term bearish. Recollect at .49-.475
Oh thats amazingly good news, you seem to suggest Ezra management will get rid of golden eggs..
I dont touch Ezra too much bad around it. In effect being out of Ezra should actualize Triyards further! Triayrds business model is extremely sustainable.
Many thanks for sharing that rumor.
KAMAL0883 ( Date: 16-Apr-2015 17:44) Posted:
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as mentioned earlier, believe Ezra management looking to diposal part or full of Triyard shares in order to bring in cash for Ezra .
so best is to push up then can sell higher with more cash ...
previously Ezra also did the same to Ezion shares
pretarious ( Date: 16-Apr-2015 15:47) Posted:
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Resistance was broken, ask queue is thin for 3 bids upward. Won' t fall below .505, wont rise above .550 (earlier was .535).
I can hold :) 10+ bid safety margin with 15+ possiblity, kopi pressure released already.
Lelouch ( Date: 16-Apr-2015 16:01) Posted:
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