Triyards    Last:0.084   -

Mid to long term - should be good.

got enough $$$ just buy 50 lots and hold won' t regret

 

Triyards scores $175m in new contracts:  http://splash247.com/triyards-scores-175m-in-new-contracts/

 

Hmmm... Is Triyards trading at P/E Ratio of only around 3x at its current price now or did i miss out on anything? Super-undervalue gem??

 

It break 40 cents :(

 

STILL DOWN??!!

 

It's seem to go the other way 😢

 

no regret...

after X div will move up

 

COLLECT !!

 

Triyards tomorrow Ex-Dividend. Sell to avoid the 1c drop or buy to collect the 1c Dividend.

 

Hope it will move up to 0.5 with the Dow rocket last night. 

 

Triyards (ETL SP/BUY/Target: S$1.04) &ndash Demand for liftboats in the region still

remains resilient as they are mainly used in the opex cycle and in shallow waters.

Management expects to maintain margins at 15-20% for new contracts despite the fact

that operators are trying to capitalise on the market&rsquo s current weakness. Potential nearterm

contracts include Ezion' s liftboat contracts worth US150m and contracts for 6

sophisticated OSV' s worth US200m from operators based in India.

 

Where does that gain come from in valuation in just 6-weeks!!!!!

KAMAL0883      ( Date: 11-Jan-2015 16:47) Posted: EZRA' s boss capable of pushing up their subsidiaries share price then sell part or full of their holding in order to gain good profit. Earlier is Ezion and next could be Triyards

 

EZRA' s boss capable of pushing up their subsidiaries share price then sell part or full of their holding in order to gain good profit.

Earlier is Ezion and next could be Triyards

 

Can someone help me understand the following, am I reading it correctly? 

EZRA Quarterly statement states "   Gain on bargain purchase on acquisition of subsidiaries  (1) ........US106,333" .   I assume those bargain price subsidiares are Strategic Marine Singapore and Strategic Marine Vietnam who were acquired by Triyards Holdings, were these the only acquisitions they would be referring to during this period?   Completion was 15th October 2014 and the price paid was A$23.3 million, am I understanding correct if they are now saying that by the 30th November 2014 these were in fact worth over A$100 million more than they were bought for?     Also, if EZRA own 67% of Triyards, do they just recognise 67% of the gain or the full 100%.   Any replies would be greatly appreciated to help me understand how the system works in Singapore.

 

Triyards did not acquire the Western Australia Strategic Marine Group as quoted in the article, they only acquired the Singapore and Vietnam share capital and not Strategic Marine Australia.

 

http://businesstimes.com.sg/companies-markets/triyards-profit-climbs-13-in-q1-fy15

greenteaapple      ( Date: 08-Jan-2015 09:41) Posted: Triyards profit climbs 13% in Q1 FY15 By  Chan Yi Wen  [email protected]  @ChanYiWenBT 8 Jan8:36 AM OFFSHORE engineering group Triyards Holdings recorded a 13 per cent jump in net profit to US$8.2 million for the three months ended Nov 30, 2014.... http://businesstimes.com.sg/companies-markets/triyards-profit-climbs-13-in-q1-fy15

 

1Q15 results within expectations. Orders momentum still on track with 2 new liftboat orders worth US$75.4m. Maintain our buy recommendation with lowered target price of S$0.75 based on 7x FY8/15F P/E (previously 9x FY8/15F P/E) as the industry derates on weak oil prices. 1Q15 results within expectations.  1Q15 revenues    (-37% yoy) and core net profit (-43% yoy) came in 19% and 16% of our full year forecasts as it has yet to begin recognizing revenues from new vessels under construction.    We should see meaningful contribution from new vessel construction from next quarter onwards.  More encouragingly, gross profit margins improved 8.7% pts yoy to 22.9% from offshore fabrication projects and project mix. Wins 2 new liftboat orders worth US$75.4m.  The two liftboats, each worth around US$37.2m are for US based operators and are for its four-legged models, with expected delivery in 2016.  The  lower contract value for each unit is due to the owners providing their own equipment. The new contracts brings their net orderbook to around US350m as at end 1Q15. Ezion deal still on the table.  Ezion still has until 10 March 2014 to fulfill the two main conditions for the warrants subscription.  So far, discussions are still on- going, which when fulfilled, will be the short term catalyst for Triyards to rerate upwards. Growing enquiries for liftboats and other marine vessels.  Our investment thesis remains intact as management has indicated that enquiries remains strong and even higher compared to last year for liftboats and other marine vessel types.  The group&rsquo s focus remains the production of offshore vessels utilized along the full value chain for the more resilient shallow waters and existing offshore fields.    Encouragingly, the group has also seen more enquiries for other marine vessels that can utilize the enlarged facilities of its recent Strategic Marine acquisition. Attractive valuations at 5.2x/4.7x/4.4x FY15F/16F/17F P/E.    Its current 0.7x P/B is trading at around 40% discount to its peers, which we believe seriously undervalues the group&rsquo s track record.    Despite weak industry sentiments, the group continues its order win momentum with new liftboat contracts, reassuring us of the group&rsquo s capabilities to secure more orders in the coming quarters.

ozone2002      ( Date: 08-Jan-2015 10:51) Posted: Still securing orders despite the steep tumble in oil prices Triyards Holdings: Secures US$75.4m of liftboat orders Triyards Holdings reported its 1QFY15 results this morning, with revenue falling 37% YoY to US$56.7m. Boosted by negative goodwill of US$3.9m from the acquisition of SM Group, Triyards saw a 13% rise in net profit to US$8.2m in the quarter, accounting for 30% of our full year estimate. Gross profit margin was 23% in 1QFY15 vs. 14.2% in 1QFY14, mainly due to a higher-margin offshore fabrication project and different mix of projects at their respective completion stages. Meanwhile, the group also announced US$75.4m in new liftboat orders (two units, excluding owner furnished equipment), such that its newbuild pipeline has grown to eight liftboats. Our rating and fair value estimate is currently under review. We had a Buy rating and S$0.88 fair value estimate on the stock prior to the blackout period due to the listing of EMAS Offshore, a related entity of Triyards.

 

Still securing orders despite the steep tumble in oil prices

Triyards Holdings: Secures US$75.4m of liftboat orders
Triyards Holdings reported its 1QFY15 results this morning, with revenue falling 37% YoY to US$56.7m. Boosted by negative goodwill of US$3.9m from the acquisition of SM Group, Triyards saw a 13% rise in net profit to US$8.2m in the quarter, accounting for 30% of our full year estimate. Gross profit margin was 23% in 1QFY15 vs. 14.2% in 1QFY14, mainly due to a higher-margin offshore fabrication project and different mix of projects at their respective completion stages. Meanwhile, the group also announced US$75.4m in new liftboat orders (two units, excluding owner furnished equipment), such that its newbuild pipeline has grown to eight liftboats. Our rating and fair value estimate is currently under review. We had a Buy rating and S$0.88 fair value estimate on the stock prior to the blackout period due to the listing of EMAS Offshore, a related entity of Triyards.

 

Triyards profit climbs 13% in Q1 FY15

 

Triyards secures liftboat orders:  http://www.seashipnews.com/News/Triyards-secures-liftboat-orders/3w3c3090.html

 

May test 40 cents soon. Stay sideline first.. no hurry to scoop. .