ShareJunction - Member Posts

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According to Vard's 2Q2013 SGX Financial Announcement, Para 10. Prospects :

At the end of the second quarter of 2013, the order book value amounted to NOK 14.0 billion.

rabbitfoot ( Date: 10-Aug-2013 19:10) Posted:

This is interesting cause I have their mgnt interview rep and they confirmed (yes, this is THE word they used) that by end 2013, it will be 12 b nok against expected 10 b nok.

SFGuyRuleZ ( Date: 10-Aug-2013 18:55) Posted:

Is it? I thought is around NOK 4 billion plus, according to their reports. Next contract wins if accurate would be around NOK 6 billion, once again according to what they said (not me..).

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Yeah, Vard 2Q13 results released on 11/7

rabbitfoot ( Date: 10-Aug-2013 08:29) Posted:

Has Vard released its Q2 results ? If not, when ? Thanks

SFGuyRuleZ ( Date: 10-Aug-2013 05:50) Posted:

I may not be correct in the disclosure of changes in shareholdings part. Maybe some other forum members can explain and clarify. I have no idea why the figures can't tally in the documents..

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Must be something major !!? Financial results will be out on 14/8

WanSiTong ( Date: 09-Aug-2013 22:18) Posted:

still no news ??

oldbirdy ( Date: 07-Aug-2013 19:35) Posted:

Till now still no news. .... cham liao. .. !!!!

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still no news ??

oldbirdy ( Date: 07-Aug-2013 19:35) Posted:

Till now still no news. .... cham liao. .. !!!!

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Ya , one here & another one at Daily Short Sell Report

PauloGan ( Date: 07-Aug-2013 06:20) Posted:

Feng, post your link in 1 thread is enough. Don't be be too impatient about gaining Supreme status.

gufeng88 ( Date: 06-Aug-2013 23:12) Posted:

Short sell orders executed on 06 August 2013 http://www.sgx.com/wps/wcm/connect/sgx_en/home/market_info/short_sale/short_sale_daily/DailyShortSell20130806.txt

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Alamat! After I come back from my few days holiday, so many things happened in SJ!

I enjoy reading Bro SFGuyRuleZ posts as his views are always backed with facts and knowledge, Everyone is here for knowledge and also to share and learn.

@ SFGuyRuleZ : Don't fall into the trap set by those people. They will be happy if you leave. I am sure most of the forumers here do not want to see you leave. Promise me not to leave. Those who buay song should leave instead.

prolix ( Date: 09-Aug-2013 02:44) Posted:

SFGuyRuleZ, hope I manage to catch you before you leave. I may not have said much in the last few months but I've read most of your posts and I have always found them well researched and well thought out. You may be right or you may be wrong, but no one can know till a few months/years down the road. Whatever the case, god knows you have given a good and well reasoned perspective. Wish you all the best bro.

To those who love to shoot off their mouths: if you really want to show how clever you are, throwing a few one-liners around isnt going to help. You may have a different view - if so, share it! Most of us here want to hear the views of others - so long as it is based on facts or on some logical reasoning. True, no one can stop you from saying what you want, but keep in mind that whatever you say will simply reflect what sort of person you are.

SFGuyRuleZ ( Date: 08-Aug-2013 18:18) Posted:

I know some people don’t like “grandfather stories”, but just let me wrap some things up before I leave.

@alexchia01 – Once again, I am not trying to justify why I am still holding it and neither am I trying to psycho people to buy this and “die” together with me. And as I also mentioned before, I don’t just invest in this stock, but I have the capital and time to wait for this stock. You are right to say that a counter may take a long time to recover, but you to have access the situation as what causes the “recovery phase”. For container shipping and logistics counters like NOL or Cosco, or other manufacturing or precision engineering counters for example, it is the overall macro outlook which is not good and when their earnings and profitability starts to be affected, it may take a long time for them to recover. In the case of this Vard, it is a result of expansion and pioneering attempts which leads to it’s margins being affected. The company is seeking growth but albeit faces some setbacks. It is overall still profitable in other geographical areas. Once again, as I mentioned before, it is short term pain for long term gain. Just because it’s fundamentals or earnings are not good now doesn’t mean it won’t be in the future. Vard’s fundamentals were also fantastic (intrinsic value of 3.3) for FY2011, but look at where it is heading now. If you invest purely just base on the fundamentals now and fail to take into account future prospects, this is just not too correct in my opinion. Those who choose to invest now is typical of high risk high gain. Once this counter is on it’s way to recover, it’s price will no longer be at this level => translating to low risk low gain. Once again, depending on your capital and risk appetitie, you can choose to be kiasu or kiasi (like what shareflux once said). Your money your call..

@warrenbeggar – Thanks for understanding and trying to defend me. I definitely hold on to this stock because I can see the potential for it. I always speak up when stocks are on a downtrend because I feel it is times like these when people need to be clear-headed and they need certain information or analysis for guiding their actions. I am not saying my analysis is correct all the time, but at least I offer some thoughts and people can always debate and discuss also. Ultimately, is for the good of everyone. How people choose to see me I am not too bothered anymore. As I said before, I have been true to myself and others.

Lastly, @student (I dunno where is he now) – Always feel the need to applogise to you because I know despite the words and tone you use, I know you have good intentions. But at that time when you keep saying STX OSV will plunge, up to now at that point of time, I still don’t agree with what you said. 1.22 is actually a strong support, and I bought at 1.24 is because I also thought is cheap enough. If you have backed ur views with the fact that Brazil shipyard could possibly face more problems, I would have accepted. But since you base it just on the price movement of chart, I was not too agreeable. In the end, nothing is certain. Both of us could have been right and wrong at that time. Once again, my applogies to you..

I am not being an emotional person and base entirely on my feelings to buy or hold stocks. I have every intention and purpose as to why I buy and hold certain stocks. I apply this mentality to life also, for why I do certain things or actions. Even if is long-winded or grandfather story, I will still want to post this for my last post, as I have always felt the need to be responsible. Great knowing many forum members here, like Warrenbeggar, WanSiTong, Blanchard, Wendel, Heavenknow, JarolLo, Simpsons, Mtfaber, Peter_Pan, GorgeousOng, Halleluyah, newagetrader, Ozone2002, ethanetoh, prolix, etc… (hope I didn’t leave anyone out). Whether trade or invest, do so carefully and wish everyone else all the best in their future endeavors. Wish all Muslim friends Selamat Hari Raya and all Singaporeans a happy National Day!! Cheers..

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Those who had done their home work like Bro SFGuyRuleZ & follow the rule of " Buy on dip & sell on news" plus not too greedy would have already enjoyed their Lemon Pie (instead of the short form LP, Lol)

News on the disposal of its subsidiary (PPL Holdings Pte Ltd) had announced long ago before Jan 2013. Share price before Jan 2013 was about $0.32. The share price went up to the recent high of $0.485 on 25/2/13 when he Co officially declared the 10c dividend . Those who had bought the shares earlier on and sold it when the news came out made 16.5c profit.

SFGuyRuleZ ( Date: 04-Aug-2013 12:30) Posted:

In a way if ppl buy now at $0.265 and just from the intrinsic value of $0.36 itself, they already have a gain of $0.095 if they keep it for long term, based on the fact if $0.0144 net income/ share is earned annually (assuming no inflation). The idea of DCF is about time value of money, meaning if for example you invest 100 years in Baker Tech, in 100 years time (year 2113) you ought to have gotten $1.44. But from the discount factor and yield of 0.04 I used, it means the $1.44 in year 2113 is equivalent to $0.36 now. Moreover if one buys now, there is also a capital gain of $0.295 (0.56 -0.265) if market realize this value in the long term. And looking at $0.265 now and assuming $0.0144 net income/share being earned annually is still true, the share price of Baker Tech should still appreciate by $0.0144 anually.

Whether value of 0.36 and 0.56 will be achieved or not, it shall be determined by the market. What I assume above is if as a retail and passive investor, we can still get hold of all the net income per share, but which in reality, is not that ideal. Therefore, if management can no longer produce growth in profits, they should start to give out more dividends. In fact, Baker Tech recently gave out 10 cents dividends. It is Market itself which decided that the share price should drop more than 10 cents, not the fault of the management and company. So yeap, just think about it.. =)

ysh2006 ( Date: 04-Aug-2013 10:01) Posted:

Good div where got good , share price appreciation better because they give you 10 cents div ,they take back 10 cents from the share price become no gain , LP vs PL..

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In fact net profit after tax for 2Q2013 is $ 8.2m higher than 2Q2012 if the exceptional item, deferred gain of S$58.2 million from the disposal of its subsidiary (PPL Holdings Pte Ltd) is excluded.

WanSiTong ( Date: 03-Aug-2013 20:34) Posted:

Investors are looking for company with strong Balance Sheet. So fast the Co disposed off assets with huge capital gain & shareholders are also rewarded accordingly.

Money is King! With the muscle they can seek new opportunities to improve its future income stream.

BakerTech NTA is 26.6c as at 30/6/13

SGX 's NTA is 83.11c but their share price is $ 7.66. How to explain?

vincente ( Date: 03-Aug-2013 17:28) Posted:

What is the use of a strong balance sheet if the share price is not accretive.There is no capital gain for investors.You alluded that the $191.9m is in your own bank account ha?

In reality,after dedcuting the 10c DVD,investors still lose abt 0.065c/share to date.The company is disposing their asset to look good in their financial report.Further there is no inflow of new project going forward.

Even before the disposal, the NTA of 35c is already higher than the market traded price, which I thought was a safe bet. I was wrong to assume that. Personally, I look at the NTA as the " PARF" value of the company.At that time, alarm bells should have sounded when a director sells into the market before it goes EX-DVD.Another lesson learnt should have also consulted with more senior trader for advice.Better to move on.Think Monday price may gapped down 1.0-1.5c in line with the loss earning per share.

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Investors are looking for company with strong Balance Sheet. So fast the Co disposed off assets with huge capital gain & shareholders are also rewarded accordingly.

Money is King! With the muscle they can seek new opportunities to improve its future income stream.

BakerTech NTA is 26.6c as at 30/6/13

SGX 's NTA is 83.11c but their share price is $ 7.66. How to explain?

vincente ( Date: 03-Aug-2013 17:28) Posted:

What is the use of a strong balance sheet if the share price is not accretive.There is no capital gain for investors.You alluded that the $191.9m is in your own bank account ha?

In reality,after dedcuting the 10c DVD,investors still lose abt 0.065c/share to date.The company is disposing their asset to look good in their financial report.Further there is no inflow of new project going forward.

Even before the disposal, the NTA of 35c is already higher than the market traded price, which I thought was a safe bet. I was wrong to assume that. Personally, I look at the NTA as the " PARF" value of the company.At that time, alarm bells should have sounded when a director sells into the market before it goes EX-DVD.Another lesson learnt should have also consulted with more senior trader for advice.Better to move on.Think Monday price may gapped down 1.0-1.5c in line with the loss earning per share.

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Roti = QAF, breaktalk

Lol.......

Pauperman ( Date: 03-Aug-2013 12:34) Posted:

Lol ... the core products of the companies :P

Mushroom = Yamada Green

Abalone = Oceanous

Curry Puff = Old Chang Kee

What else did I left out?

wendel ( Date: 03-Aug-2013 11:41) Posted:

Bros..sis...totally lost...what mushrooms n abalone?

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It is not a bad news BUT a fact & old news and it is expected.

Net profit for 2nd quarter dropped $ 50.3M due mainly to a deferred gain of S$58.2 million from the disposal of its subsidiary (PPL Holdings Pte Ltd) which was recorded in 2Q2012.

The Group recorded a gain of S$8.9 million from the disposal of associate (DO) in 2Q2013.

Good news ! The Group maintains a very strong cash balance of S$191.9 million as at 30 June 2013, with no gearing / borrowing.

Octavia ( Date: 02-Aug-2013 23:32) Posted:

It is a bad news but expected.

I was contemplating to buy before the 10c dividend payout but decided not to after further consideration.Guess many still hanging on to it as the price did not recover to pre-XD value.

Octavia ( Date: 02-Aug-2013 22:43) Posted:

Baker Technology's Q2 profit down 82

BAKER Technology on Friday said its net profit for the second quarter ended June 30 fell 82 per cent year on year to $11.32 million, with a lower gain on disposal. During the quarter, the marine offshore equipment and services company recognised a gain of $8.86 million from the sale of an associate, compared to a $58.24 million gain on disposal a year ago. Revenue fell 12 per cent year on year to $22.14 million, due to the general slowdown in order intake. Earnings per share for the quarter were 1.40 cents, down from 8.76 cents a year ago.

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2Q 2013 Performance

On 24 June 2013, Baker Tech sold its entire 20.29% stake in an associated company, DO. This sale resulted in gross proceeds of approximately S$41.0 million to the Group, and capital gains of S$8.9 million. In addition to the gain of S$8.9 million, the Group also reported an exchange gain of S$1.0 million due to the strengthening of the US dollar and Euro against the Singapore dollar in the current quarter.

However, comparatively, quarterly profit was 82% lower year-on-year due to the deferred gain of S$58.2 million recorded in 2Q2012 from the disposal of the Group’s subsidiary, PPL Holdings Pte Ltd (“PPL Holdings”).

1H 2013 Performance

Group revenue decreased 22% and gross profit declined 11% from 1H2012, due to a slowdown in order intake but slightly offset by higher margins from jobs completed in 1Q2013. Administrative expenses were S$0.8 million lower at S$3.8 million. Net profit was S$14.6 million, compared to S$74.9 million in 1H2012, due to the recording of gains from the disposal of PPL Holdings as well as York Transport Equipment (Asia) Pte Ltd in 1H2012.

The Group maintains a very strong cash balance of S$191.9 million as at 30 June 2013, with no gearing. Shareholders’ funds were S$232.0 million, compared to S$268.1 million as at 31 December 2012, due to the payment of dividends amounting to S$87.2 million, but partially offset by S$36.5 million in proceeds from warrant conversions as well as retained profits for the period.

http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=AnnouncementTodayByCompanyNameAndCategory& F=885141& fileId=BakerTech_2Q2013_MediaRelease.pdf

WanSiTong ( Date: 02-Aug-2013 23:05) Posted:

2Q 2013 Performance

On 24 June 2013, Baker Tech sold its entire 20.29% stake in an associated company, DO.

However, comparatively, quarterly profit was 82% lower year-on-year due to the deferred gain of S$58.2 million recorded in 2Q2012 from the disposal of the Group’s subsidiary, PPL Holdings Pte Ltd (“PPL Holdings”).

1H 2013 Performance

Group revenue decreased 22% and gross profit declined 11% from 1H2012, due to a slowdown in order intake but slightly offset by higher margins from jobs completed in 1Q2013. Administrative expenses were S$0.8 million lower at S$3.8 million. Net profit was S$14.6 million, compared to S$74.9 million in 1H2012, due to the recording of gains from the disposal of PPL Holdings as well as York Transport Equipment (Asia) Pte Ltd in 1H2012.

The Group maintains a very strong cash balance of S$191.9 million as at 30 June 2013, with no gearing. Shareholders’ funds were S$232.0 million, compared to S$268.1 million as at 31 December 2012, due to the payment of dividends amounting to S$87.2 million, but partially offset by S$36.5 million in proceeds from warrant conversions as well as retained profits for the period.

http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=AnnouncementTodayByCompanyNameAndCategory& F=885141& fileId=BakerTech_2Q2013_MediaRelease.pdfThis sale resulted in gross proceeds of approximately S$41.0 million to the Group, and capital gains of S$8.9 million. In addition to the gain of S$8.9 million, the Group also reported an exchange gain of S$1.0 million due to the strengthening of the US dollar and Euro against the Singapore dollar in the current quarter.

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2Q 2013 Performance

On 24 June 2013, Baker Tech sold its entire 20.29% stake in an associated company, DO.

However, comparatively, quarterly profit was 82% lower year-on-year due to the deferred gain of S$58.2 million recorded in 2Q2012 from the disposal of the Group’s subsidiary, PPL Holdings Pte Ltd (“PPL Holdings”).

1H 2013 Performance

Group revenue decreased 22% and gross profit declined 11% from 1H2012, due to a slowdown in order intake but slightly offset by higher margins from jobs completed in 1Q2013. Administrative expenses were S$0.8 million lower at S$3.8 million. Net profit was S$14.6 million, compared to S$74.9 million in 1H2012, due to the recording of gains from the disposal of PPL Holdings as well as York Transport Equipment (Asia) Pte Ltd in 1H2012.

The Group maintains a very strong cash balance of S$191.9 million as at 30 June 2013, with no gearing. Shareholders’ funds were S$232.0 million, compared to S$268.1 million as at 31 December 2012, due to the payment of dividends amounting to S$87.2 million, but partially offset by S$36.5 million in proceeds from warrant conversions as well as retained profits for the period.

http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=AnnouncementTodayByCompanyNameAndCategory& F=885141& fileId=BakerTech_2Q2013_MediaRelease.pdfThis sale resulted in gross proceeds of approximately S$41.0 million to the Group, and capital gains of S$8.9 million. In addition to the gain of S$8.9 million, the Group also reported an exchange gain of S$1.0 million due to the strengthening of the US dollar and Euro against the Singapore dollar in the current quarter.

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Have the cake and eat it too ! Huat arh!!

WanSiTong ( Date: 02-Aug-2013 16:24) Posted:

round 2 coming...........! Huat arh!!

Aberdeen123 ( Date: 02-Aug-2013 16:06) Posted:

$4.15 down 23c from $4.38 b4 XD.

Waiting for $4.06 or lower.Huat arh.

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round 2 coming...........! Huat arh!!

Aberdeen123 ( Date: 02-Aug-2013 16:06) Posted:

$4.15 down 23c from $4.38 b4 XD.

Waiting for $4.06 or lower.Huat arh..

WanSiTong ( Date: 01-Aug-2013 10:16) Posted:

Still too early to say ! Huat arh

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Singapore Q2 2013 corporate earnings: Reuters

DATE COMPANY NAME RIC PERIOD
Aug 2 Jardine Cycle & Carriage Ltd Q2
Aug 2 Golden Agri-Resources Ltd Q2
Aug 2 Oversea-Chinese Banking Corp Q2
Aug 2 Singapore Post Ltd Q1
Aug 2 Singapore Land Ltd Q2
Aug 2 United Industrial Corp Ltd Q2
Aug 6 City Developments Ltd Q2
Aug 6 SembCorp Industries Q2
Aug 6 Wilmar International Ltd Q2
Aug 6 STATS ChipPAC Ltd Q2
Aug 6 StarHub Ltd Q2
Aug 6 DMX Technologies Group Ltd Q2
Aug 6 Hong Leong Finance Ltd Q2
Aug 6 Genting Singapore PLC Q2
Aug 7 Neptune Orient Lines Ltd Q2
Aug 7 Noble Group Q2
Aug 7 Yangzijiang Shipbuilding (Hldgs) Q2
Aug 7 Ezion Holdings Q2
Aug 7 UOL Group Ltd Q2
Aug 7 Biosensors International Group Q1
Aug 12 Ho Bee Investment Ltd Q2
Aug 13 HTL International Holdings Ltd Q2
Aug 13 WBL Corporation Ltd Q3
Aug 13 CSE Global Ltd Q2
Aug 13 Singapore Technologies Eng Q2
Aug 13 Venture Corporation Ltd Q2
Aug 14 Indofood Agri Resources Ltd Q2
Aug 14 Global Logistic Properties Q1
Aug 14 Singapore Telecommunications Ltd Q1
Aug 22 Chosen Holdings Ltd Q4
Aug 29 Olam International Ltd Q4

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You can find the answers from CIMB report.

ruanlai ( Date: 02-Aug-2013 11:40) Posted:

COSCO now is trading at 72.5 ......78cents......

YZJ now clearing up 94cents.........

COSCO is more profitable with huge contract coming on the way.......

YZJ got nothing and contracts been cancelling.......

DO NOT UNDERSTAND where are the point of view from the INVESTORS.......

TAO NAO PAI

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https://brokingrfs.cimb.com/WQyEgvRH4giVbOFV1u5WzEfscobkhtrh980xvMh2usHrc1oM8ZASlEGBbzXtpQnUDvESpclOy6Q1.pdf

WanSiTong ( Date: 02-Aug-2013 11:38) Posted:

CIMB TP : 0.46

The great famine

We were spot on with2Q13 net profit of S$12m, although this was helped by S$2.4m tax income, without which, it would have been an ugly set of results.We expect a consensus downgrade of earnings and target prices as Cosco continuesto disappoint.

* Offshore contributes, shipbuilding at an end

* Declining margin outlook

* Contract wins, so what?

https://brokingrfs.cimb.com/WQyEgvRH4giVbOFV1u5WzEfscobkhtrh980xvMh2usHrc1oM8ZASlEGBbzXtpQnUDvESpclOy6Q1.pdf

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CIMB TP : 0.46

The great famine

We were spot on with2Q13 net profit of S$12m, although this was helped by S$2.4m tax income, without which, it would have been an ugly set of results.We expect a consensus downgrade of earnings and target prices as Cosco continuesto disappoint.

* Offshore contributes, shipbuilding at an end

* Declining margin outlook

* Contract wins, so what?

https://brokingrfs.cimb.com/WQyEgvRH4giVbOFV1u5WzEfscobkhtrh980xvMh2usHrc1oM8ZASlEGBbzXtpQnUDvESpclOy6Q1.pdf

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Not strong! I mean BIG! lol

Big not necessary strong.

WanSiTong ( Date: 02-Aug-2013 10:12) Posted:

There is 11 members sit in the Board. Seldom see other Co. with such a strong group !

orangejuice01 ( Date: 02-Aug-2013 10:06) Posted:

Hello Rosesyrup,

Great to hear someone like yourself who has the Visions and able to Chart the future for a " corporate enterprise" .

Ask those Directors sitting on the board why should not they done it decade ago....Would rather see people like you sit on the board than.....

Lost investment money and feel very sore every time when the blame games were pointing to mechanical, tracks, workers, inter-agency etc. except those that are charged with overseeing and directing the strategic vision and mission of the corp.