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Still can buy?
Nippon72 ( Date: 20-May-2023 22:19) Posted:
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And nobody knows the company better than he does! I seconded your post!
Vested since 0.039, unlikely to be selling till it reaches 100-bagger status!
Will load up more if a few more quarters show consistency.
Vested since 0.039, unlikely to be selling till it reaches 100-bagger status!
Will load up more if a few more quarters show consistency.
newbie888 ( Date: 20-May-2023 12:25) Posted:
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Ceo bought 1 million shares at .044.... as they always say, insider will sell a stock for any reasons, but there are only that few reasons why they buy in.... hmmmm
break out
kim heng next ??
TraderBen ( Date: 19-May-2023 14:04) Posted:
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finally moving!!
"" The Group's adjusted net profit, which excludes one-off gains and foreign exchange losses, witnessed a remarkable increase of 372% from S$1.8 million in 1HFY2022 to S$8.5 million in 1HFY2023. This significant surge in adjusted net profit reflects the Group?s strong performance in generating consistent and recurring profits, underscoring its financial stability and sustainable earnings growth.""
The above validates your statement! Good!
The above validates your statement! Good!
moron101 ( Date: 13-May-2023 13:14) Posted:
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Should rebound soon. Profits dropped due to absence of previous one-time profit.. huat.
At least our interests are aligned. As the CEO, he should know co best. Putting money where his mouth is.
Vested
Vested
Timer78 ( Date: 12-May-2023 20:52) Posted:
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Ceo off market purchase is a vote of confidence!
Marco Polo Marine H1 profit falls 61% to S$4.2 million
MARCO Polo Marine : 5LY -2.17% posted a 60.7 per cent drop in net profit to S$4.2 million for the first half ended Mar 31, 2023, from S$10.8 million the year before.
This comes as revenue for the period more than doubled to S$55.9 million, from S$27.6 million a year earlier, as both the group&rsquo s ship chartering and shipbuilding and repair operations improved from the previous year, the integrated marine logistics company said in a regulatory filing on Thursday (May 11).
Earnings per share stood at 0.16 Singapore cent for the first half, down from 0.30 cent the previous year.
No dividend was declared for the half year, unchanged from the year before. This was decided after taking into consideration the capital expenditure requirements of the group and the need to conserve cash for working capital, said the company in its results filing.
Cost of sales grew 96.5 per cent to S$38.2 million, from S$19.5 million in the preceding year-ago period.
The group&rsquo s other operating income fell to S$2.2 million, from S$10.7 million, due primarily to the decrease in gains from non-recurring items.
The group&rsquo s administrative expenses for the half year also increased to S$5.6 million, from S$4.4 million previously, mainly due to a rise in staff costs. Meanwhile, operating expenses rose to S$7.5 million, from S$3 million the previous year, due to an increase in foreign exchange loss.
In the near term, the group remains focused on expanding its footprint in the renewable energy and offshore wind farm sectors.
For its ship chartering business, it will continue its support to the Taiwan offshore wind farm market, after having established its presence via its joint venture, Oceanic Crown Offshore Marine Services, and the completion of its acquisition of PKR Offshore.
For its shipyard division, the group will &ldquo continue to focus on securing ship repair and maintenance orders by expanding its customer base internationally&rdquo . It has also stepped up its marketing efforts on the shipbuilding front by actively engaging local ship owners in Indonesia.
Marco Polo Marine' s 1H2023 EBITDA more than Doubles as Shipyard and Ship Chartering Revenue Soar
https://links.sgx.com/1.0.0/corporate-announcements/ZRPH6KSA6EUF3894/67c17313f045aae60c770c6d93084252a63ff4bfea3c0eae5201746ffeaa83a1
https://links.sgx.com/1.0.0/corporate-announcements/ZRPH6KSA6EUF3894/67c17313f045aae60c770c6d93084252a63ff4bfea3c0eae5201746ffeaa83a1
waiting to punt this again
Marco Polo Marine Q1 profit up 154% to S$6.6 million
INTEGRATED marine logistics company Marco Polo Marine : 5LY 0% posted a net profit of S$6.6 million for the first quarter ended Dec 31, up 153.8 per cent from earnings of S$2.6 million in the year-ago period.
Revenue surged 95.9 per cent to S$23.7 million, from S$12.1 million a year ago.
This was the result of &ldquo continuous growth&rdquo in both the shipyard and ship chartering segments, said the group in a business update on Wednesday (Feb 15).
Revenue from its shipyard segment rose year on year on full-quarter contribution, thanks to more ship-repair activities, larger contracts from customers and the commencement of new shipbuilding projects. There was also &ldquo extended capacity&rdquo from the completion of extension works on its Dry Dock in Q2 2022.
During the quarter, the group said it also experienced growth in regional market share and stronger demand for the installation of ballast water systems.
Still, the average utilisation rate at its shipyard stood at 74 per cent in Q1, down slightly from the previous year&rsquo s 78 per cent.
On the ship chartering front, revenue surged with strong demand, largely due to interest from the oil and gas, as well as offshore wind farm sectors.
Average charter rates rose year on year, while the group&rsquo s average utilisation rates for its vessels increased. There was also consolidation of revenue from Indonesian shipping agency PT Pelayaran Nasional Bina Buana Raya and Taiwan-based PKR Offshore, which Marco Polo Marine holds a 70.7 per cent and 49 per cent stake in, respectively.
Going forward, the group expects to see sustained growth for the rest of the fiscal year, as demand from end customers strengthens in its shipyard and ship chartering segments.
Marco Polo Marine also highlighted that it is in talks with potential joint-venture partners for its commissioning service operation vessel, which is predicted to complete by Q1 2024.
Sean Lee, chief executive officer of Marco Polo Marine, said the offshore wind farm sector continues to present &ldquo enormous opportunities&rdquo for the group.
&ldquo By leveraging on our proven track record, the group is looking forward to partnering with new customers as it expands its geographic presence and develops specialised services to target (the sector),&rdquo he said.
After 3Q 2022 peak, earnings no momentum liao
Now starting to drop back
Current Q Gross Profit dropped by 31%, on a Q on Q basis
Now starting to drop back
Current Q Gross Profit dropped by 31%, on a Q on Q basis
would be nice if they update the net profits.
spursfan ( Date: 15-Feb-2023 17:32) Posted:
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Manage to buy 43 yesterday hope for a good return
AttasBoss ( Date: 10-Feb-2023 08:36) Posted:
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Marco Polo Marine Starts the Year Strong Reports Higher
1QFY2023 Revenue and Gross Profit
SINGAPORE, 15 February, 2023 &ndash Marco Polo Marine Ltd. (SGX:5LY) (&ldquo Marco Polo
Marine&rdquo or the &ldquo Company&rdquo , and together with its subsidiaries, &ldquo the Group&rdquo ), a reputable regional integrated marine logistics company, wishes to update shareholders on its recent operational performance in this voluntary update for the financial quarter ended 31 December 2022 (&ldquo 1QFY2023&rdquo ).
Financial Highlights
....
https://links.sgx.com/1.0.0/corporate-announcements/SGNJA2D5O3EAWGAQ/746715_Marco%20Polo%20Marine%20-%201QFY2023%20Business%20Update.pdf
1QFY2023 Revenue and Gross Profit
Voluntary Business Updates
- 1QFY2023 revenue increased more than 90% y-o-y Gross Profit rose more than 1.5x y-o-y to S$6.6 million
- Ship chartering segment saw a YoY increase in average charter rates and a YoY increase in average utilisation rates for vessels.
- Shipyard revenue grew YoY as the capacity for ship repair activities increased following the completion of extension works on Dry Dock 1 at the end of 2QFY2022.
SINGAPORE, 15 February, 2023 &ndash Marco Polo Marine Ltd. (SGX:5LY) (&ldquo Marco Polo
Marine&rdquo or the &ldquo Company&rdquo , and together with its subsidiaries, &ldquo the Group&rdquo ), a reputable regional integrated marine logistics company, wishes to update shareholders on its recent operational performance in this voluntary update for the financial quarter ended 31 December 2022 (&ldquo 1QFY2023&rdquo ).
Financial Highlights
| S$ million | 1Q FY2023 |
1Q FY2022 |
% change | ||
| Revenue | 23.7 | 12.1 | 95.9% | ||
| Gross Profit | 6.6 | 2.6 | 153.8% | ||
| Gross Profit Margin | 28.0% | 21.5% | |||
https://links.sgx.com/1.0.0/corporate-announcements/SGNJA2D5O3EAWGAQ/746715_Marco%20Polo%20Marine%20-%201QFY2023%20Business%20Update.pdf
Its quite volatile range. Seems like today opening 43
chiachiawee ( Date: 10-Feb-2023 08:50) Posted:
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I didn?t set TP yet but 6c is a fair target, or higher. Congrats on your profits. Cheers.
AttasBoss ( Date: 10-Feb-2023 08:36) Posted:
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