Post Reply
501-520 of 660
Anyone noticed this announcement last evening? No wonder so much accumulation by BBs.
" Marco Polo Marine to Boost Ship Repair Capacity by Up to 20% With Dry Dock Extension
- Plans to extend dry dock 1 from 150m to 240m, which will increase the Group&rsquo s capacity for ship repairs by up to 20%
- Construction for dock extension to begin in July, with completion targeted by Jan 2022 expected to start contributing to bottom line from 2QFY2022
- Ship repairs have been a growing source of recurring income for the Group, with 50%-70% of its business coming from repeat customers."
Good luck
" Marco Polo Marine to Boost Ship Repair Capacity by Up to 20% With Dry Dock Extension
- Plans to extend dry dock 1 from 150m to 240m, which will increase the Group&rsquo s capacity for ship repairs by up to 20%
- Construction for dock extension to begin in July, with completion targeted by Jan 2022 expected to start contributing to bottom line from 2QFY2022
- Ship repairs have been a growing source of recurring income for the Group, with 50%-70% of its business coming from repeat customers."
You are in no loss status now. Everything is possible. Wish us good luck!
jesmarnew ( Date: 14-Jun-2021 14:43) Posted:
|
Next to go 10 cts above!!!! Vested 2m @1.3 cts!!!
Possible to close above 0.03. huah ah..
Not bad. I like shipping industry now. Samudera Shipping share price has up a lot from bottom. Now Marco Polo has potential to go up higher. 5ct is possible. Now it has more robust balance sheet.
tankoksee ( Date: 14-Jun-2021 10:13) Posted:
|
5 cts otot.........
marco polo still looking good.
May reaching .029 by today
one shot cleared more than 10 mil sell vol. at 26 . looking good
Wow. Just a blink of an eye 0.026 10M share just eaten up
back on the uptrend after clearing contra and weak holders. slow and steady. slow mover because of big float.
Wow! This counter is back into top volume at 0.025
tankoksee ( Date: 21-May-2021 09:58) Posted:
|
marco polo step on the gas already . haha!
looks like not much interest in this turnaround play here . still looking good today.
Marco Polo Marine to acquire majority stake in PT BBR to strengthen foothold in Indonesia
INTEGRATED marine logistics company Marco Polo Marine announced on Monday that it will acquire a majority stake in Indonesian shipping agency company PT Pelayaran Nasional Bina Buana Raya (PT BBR) to strengthen its position in the Indonesian market.
Pending shareholder approval, Marco Polo Marine will raise its shareholding to up to 72 per cent from its current 34.8 per cent through a rights issue. PT BBR will transition from an associate company to a key subsidiary of Marco Polo Marine, and serve as a growth platform to expand its Indonesia operations, the group said.
Its indirect wholly-owned subsidiary, PT Marco Polo Indonesia (PT MPI), will provide an undertaking to PT BBR, subject to a maximum aggregate subscription amount of US$17 million, to fully subscribe for all its rights entitlements under the rights issue and any excess rights entitlements arising from the renouncement by two other substantial shareholders and remaining public shareholders.
The group said that the downturn in the offshore oil and gas sector appears to be bottoming out, and PT MPI, through PT BBR, will be able to meet the sector' s needs and boost the group' s core ship chartering business.
Following debt restructuring in 2020, PT BBR has restarted with a clean slate and will not have an adverse or material impact on Marco Polo Marine' s balance sheet, it added.
To quickly execute the undertaking to participate in the rights issue, Marco Polo Marine - with the support of major shareholders holding a combined 51.21 per cent of voting rights - sought and obtained a waiver from the Singapore Exchange which allowed it to participate in the rights issue without first convening an extraordinary general meeting of shareholders to approve the proposed transaction.
6 mil one shot buy up to clear 21. looking good.
should overtake ausgroup as its a better co....
Marco Polo Marine to Strengthen Foothold in Indonesia With Majority Stake in Indonesian shipping agency company, PT Pelayaran Nasional Bina Buana Raya( PT BBR)
https://links.sgx.com/1.0.0/corporate-announcements/PO45TP8AB6BCWEQV/667440_MPM%20-%20PT%20BBR%20Rights%20Issue%20Media%20Release.pdf
https://links.sgx.com/1.0.0/corporate-announcements/PO45TP8AB6BCWEQV/667440_MPM%20-%20PT%20BBR%20Rights%20Issue%20Media%20Release.pdf