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9301-9320 of 9522
hand a bit itchy.. decided to take a calculated risk bet..
if wrong, just keep in fridge for months..
*dont follow me, prepared to have my $ stuck in this yard :x
from DBS report today
Sembcorp Marine secures US$208m jack-up order.
SMM’s subsidiary, PPL Shipyard, has secured a US$208m
contract to build a Pacific Class 400 jack-up rig, along
with an option for a similar unit, worth US$210m, with
adjustments to certain cost escalations. This contract was
awarded by Perisai (L) Inc, a wholly-owned subsidiary of
Perisai Petroleum Teknologi Bhd. Delivery of this unit is
scheduled for end-July 2014 the option unit, if exercised,
has a delivery date of 2Q 2015.
This order is SMM’s sixth order for the year, and it brings
its FY12 YTD order wins to S$3.0bn, on track to meet our
full-year order wins assumption (ex-Petrobras) of S$6.0
bn. This contract win also marks the eighth pacific Class
400 jack-up ordered since 2010.
Maintain BUY.
for yards could continue to be strong, especially for rigs
intended for deepwater and harsh environment. SMM
remains a leading contender for six Petrobras rigs (worth
up to US$4.8bn, not yet factored in our order-win
assumptions), as well as contracts for the integration of at
least two FPSO projects from Petrobras, each estimated to
be worth > US$500m (refer to our Singapore Rigbuilders
flash note dated 4 May 2012).
May seem that way but after waiting all morning and seeing price raneg bound, and then realising resuts of Q1 to be announced this afternoon, decided to buy in and not wait any longer. Anyway, I ma be wrong and the price may well fall further.
Point is I am buying with my own money and I feel this is good value. Just sharing my moves, not asking you to follow. It really is up to you what you feel is the right price for yourself.
Another thing, I buy to keep. But I will also sell when I see enough profit.
tiancai007 ( Date: 09-May-2012 13:39) Posted:
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Bro, u are contradicting urself. 1st u said it is going down, then u buy at 4.82. Why not wait for it to bottom then buy? Why so urgent to buy today huh?
GuavaXF30 ( Date: 09-May-2012 12:50) Posted:
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well if sembmar drops further it's an opportunity to buy more at a cheaper price..
fundamentals of the company is intact..they don't change within a day..
only it's price of the stock reflects the sentiment of the market..
and it's up to u to capitalize on the emotions of the market players...
gd luck dyodd.. :)
You may well be right. In the short-term. Pardon the pun.
But Q1 results coming out this afternoon. And longer term prospects are good for rig builders. I was deciding between Keppel and Semb Marine but worked out Semb Marine may have slightly better upside.
Even though price of oil has fallen lately, it will not stay down for long. Make sure you cover your short positions fast.
alexchia01 ( Date: 09-May-2012 12:27) Posted:
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More downside for sembmarine
Why Buy?
This is a great shorting point to me.
I just shorted SembMar.
GuavaXF30 ( Date: 09-May-2012 11:37) Posted:
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After waiting for fall to come, have decided that this is an attractive price to enter at. Bought in at 4.82. Not even queueing. Good luck to the two of us !
GuavaXF30 ( Date: 09-May-2012 09:10) Posted:
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Better to wait a while more. Not even at 4.80. Good counter but can get much much cheaper. There will be blood this week....
ozone2002 ( Date: 09-May-2012 08:54) Posted:
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there's still the chance of further selldown due the margins calls being enforced.
will be looking at grabbing more sembmar if it falls below 4.8
fundamentals still strong for this stock just that market fear is causing the price to fall..
means cheaper price for me to get..
dyodd gd luck :)
Not sure if this is gonna help prices today. Oil price is touching USD 95 now. DOW may have recovered to be down " only" 76 pts but it's still down 76 pts. At one point, it was down about 200 pts.
Hope you managed to get out yesterday.
ozone2002 ( Date: 08-May-2012 18:02) Posted:
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gd news..
SembMarine's unit secures US$208m contract
By
Sembcorp Marine's subsidiary PPL Shipyard has secured a US$208 million contract to construct a Pacific Class 400 jack-up drilling rig Perisai (L) Inc.
The rig of PPL Shipyard proprietary design, is capable of operating in water depths of 400 feet and drilling to depths of 30,000 feet.
The rig's maximum drillcentre is cantilevered at 75 feet aft and it has a derrick hook load capacity of 1.5 million lbs.
It is scheduled for delivery in end July 2014.
Hi ozone2002,
what do you mean by margin calls not over yet???
looks like margin calls not over yet..
selling pressure is strong..
Keppel Corp being throw down now. Be careful with Semb Marine and Semb Corp.
GuavaXF30 ( Date: 08-May-2012 10:16) Posted:
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Hope you can. Best by today if possible. Not very confident about the market what with the pennies still being rotated.
ozone2002 ( Date: 08-May-2012 09:41) Posted:
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q to sell $5
Not sure if can go in still. Oil prices are falling.
ozone2002 ( Date: 08-May-2012 09:05) Posted:
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4.88 excellent.. earned ~2%
gd luck dyodd
ozone2002 ( Date: 07-May-2012 15:23) Posted:
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