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Should call it shortist day than investor day... 😆 😆 😆
ok conclusion, the investor day presentation is a nothing burger. back to the meat grinder of soaking up the free shares. Once Ahbui8 sell his free shares, Sink51 will be all ready to float again.
Conservative? lol you see this management when come to forecast future prospects being so conservative but when come to impairment and write down assets can be so aggressive!!! So this management is too conservative or incompetent? You decide? 😜
Eagle88 ( Date: 15-Mar-2024 13:44) Posted:
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Look weak? Breakdown 90. Going test 85?
Anyway, it is not doom' s day for Seatrium, now is the BEST time to buy more at 900/910 before it becomes BLUE CHIP price very soon !!!
Eagle88 ( Date: 15-Mar-2024 13:50) Posted:
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The cake is really2 BIG, only waiting for Seatrium to EAT as MUCH as IT wants !!!! Seatrium management needs to boost up their confidence level !!!
Eagle88 ( Date: 15-Mar-2024 13:44) Posted:
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Seatrium management is being too conservative on the future profits forecast. If you are looking at the value of projects available in the future, talking about 500 Billions (Energy Trilemma alone) for the next 5 years, dont tell me that it is not going to get at least 5 to 10% as Seatrium is no. 1 or 2 in the market?
eugesun ( Date: 15-Mar-2024 13:21) Posted:
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Wow , what a pump and Dump
This type of restructuring plan need a year to prepare Lol. Clearly show how incompetent the management is. Real selling should come, shortist BBs are the biggest winner!
Definitely good future, as more and more ship sink at red sea...just like NOL a sudden rurn around in demand...huat ahh..buy the fears
Eagle88 ( Date: 15-Mar-2024 09:41) Posted:
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So in essence, talk cock. Then again, we need management to talk more cock to boost share price. Huat ah!
Joyoftheworld ( Date: 15-Mar-2024 11:52) Posted:
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Underlying EBITDA for 2023 is $628mil. (Excludes exceptional items comprising write-downs, provisions for contracts, legal and corporate claims, and merger expenses).
So if 4x, means EBITDA should be $2.5 billion....... Unless Seatrium expects to still have write-downs and exceptional items on an ongoing basis,
So if 4x, means EBITDA should be $2.5 billion....... Unless Seatrium expects to still have write-downs and exceptional items on an ongoing basis,
Seatrium aims to grow Ebitda by four times to more than $1 billion by 2028
Seatrium aims to grow its ebitda four times to more than $1 billion by FY2028 and deliver ROE of more than 8%, among the targets it is laying down at its investor day taking place today.
According to the company' s presentation deck, it aims to grow the ebitda by maintaining the delivery of its legacy projects, and eke out better margins. It aims to achieve better synergies and cost optimisation, as well as asset base rationalisation as well.
Seatrium says it has identified $300 million in annualised synergies and cost savings via standardised pricing with customers and reduction in overheads. It is also aiming for $200 million in procurement savings by managing a more efficient supply chain.
The company, formed via the merger of Sembcorp Marine S51 2.17% and the offshore and marine unit of Keppel Corp, took a big writedown for its FY2023, so as to fresh up its balance sheet for growth this year onwards.
Net loss for the full year stood at $1.9 billion, compared to the $261 million recorded in FY2022. This was largely due to non-cash write-downs, provisions for contracts, legal and corporate claims, as well as merger expenses which amounted to $2 billion for FY2023.
CEO Chris Chong reiterates that the so-called " energy trilemma" is a $500 billion addressable market in the next five years Seatrium is aiming to win a share from.
Besides meeting renewed demand for traditional rigs, the company has been winning new orders in the transition to renewable energy. Its order book stands at around $16.2 billion.
Yup, my reaction too. They are already doing $600mil ETIBDA in 2023. $1bil by 2028 is pretty underwhelming. Looking at the bright side, they quote a low ball so they can easily outperform and claim that they did well. However 1bil by 2028 can means 1bil in 2024.
ahbui8 ( Date: 15-Mar-2024 10:31) Posted:
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Lol 2028 5yrs from now, target 1B EBITDA only. I admit I make the wrong investment on this counter.
Nothing much to see here. Just repeating what they had announced over the past year. Share price likely to be challenged until end Aug.
Written off $3billion over the past 2 years so they can write back and claim higher profit in the coming years. Creative accounting
Written off $3billion over the past 2 years so they can write back and claim higher profit in the coming years. Creative accounting
STRONG OFFSHORE WIND MARKET SUPPORTED BY ENERGY TRANSITION
Despite recent industry challenges, demand for fixed offshore wind remains strong
Floating offshore wind to accelerate from early 2030s Offshore wind capacity expected to grow to c. 800GW by 2040 representing a S$100-150b opportunity up to 2028
Despite recent industry challenges, demand for fixed offshore wind remains strong
Floating offshore wind to accelerate from early 2030s Offshore wind capacity expected to grow to c. 800GW by 2040 representing a S$100-150b opportunity up to 2028
GOLDEN AGE OF FPSOs
> S$150b CAPEX in FPSOs expected over the next 5 years to support offshore O& G production
> S$150b CAPEX in FPSOs expected over the next 5 years to support offshore O& G production
ENERGY TRILEMMA PRESENTS S$0.5 TRILLION1 OPPORTUNITY FOR SEATRIUM IN THE NEXT 5 YEARS
Eagle88 ( Date: 15-Mar-2024 09:15) Posted:
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https://links.sgx.com/FileOpen/Seatrium%20Investor%20Day%202024.ashx?App=Announcement& FileID=792006
BY 2028, WE TARGET TO ACHIEVE &hellip &ge S$1.0b EBITDA &ge 8.0% Return on Equity &hellip VERSUS FY23 c. 2.0-3.0x Net Debt/EBITDA > 4x uplift
INVESTOR' S DAY SLIDES.
BY 2028, WE TARGET TO ACHIEVE &hellip &ge S$1.0b EBITDA &ge 8.0% Return on Equity &hellip VERSUS FY23 c. 2.0-3.0x Net Debt/EBITDA > 4x uplift
INVESTOR' S DAY SLIDES.