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Falcon Energy
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operation_pesb
Member |
25-Nov-2010 01:19
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BREAKING Nat gas higher after surprise supply decline - Market Watch Stochastic also turning up from oversold region. Looks like it's going to move tmr. =) |
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Bintang
Elite |
24-Nov-2010 20:12
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Falcon Energy went up to 60 cents on 22 July 2010 n ended the technical rebounce .It came down non-stop for four months to 41 cents yesterday .
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enghou
Senior |
24-Nov-2010 17:25
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Falcon Energy (FEG SP, $0.42, BUY, TP $0.60) – We recently met up with the management of Falcon Energy. While its 3Q10 results were below our expectations, Falcon is embarking on new initiatives to diversify its revenue base. Management is also optimistic of a recovery of the M&O industry by 2Q11. We have slashed our forecasts by 20‐40% but are maintaining a BUY call with a lower target price of
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kingster
Senior |
23-Nov-2010 13:02
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still not so bad? share price saying otherwise haha!
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des_khor
Supreme |
23-Nov-2010 12:10
Yells: "Tell me who is the God or MFT from this forum??" |
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Unlimited downside now ?? don't know how to see the TA for Falcon.... | ||||
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des_khor
Supreme |
23-Nov-2010 12:04
Yells: "Tell me who is the God or MFT from this forum??" |
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Crash liao.... | ||||
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edwinteo
Senior |
16-Nov-2010 00:17
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Falcon Energy Group – Towards a Diversified Business Model (Update)
15 Nov 2010
Falcon
Energy Group (Falcon) announced their 3Q 2010 results on 13 November
2010. The company experienced a tough quarter, with 1H 2010 revenue and
profit falling 31.5% and 50.3% YoY respectively – largely due to the
Marine segment. The company is looking for a more stable revenue stream
through its recently established Resource division. We maintain our Increase Exposure call
with a revised intrinsic value of S$0.710 per share, having factored in
the adjusted FY10 numbers, dilution of warrant issuance and weakening
US$.
For the full report, please visit our website at http://www.siasresearch.com/index.php?option=com_report&task=article&id=3816
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edwinteo
Senior |
15-Nov-2010 22:52
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i don see that bad..their 9month profit up 7%....reserve cash balance a bit low because they just purchase 29% of CH offshore.....once hit pass 30% they are required to acquired them.. |
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kingster
Senior |
15-Nov-2010 10:34
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good luck to all vested. horrible quarter results... this warrant play going to die like other useless warrants in the past... | ||||
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mtgoat
Member |
15-Nov-2010 09:24
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Falcon Energy posts US$19.0m net profit for nine months ended 30 September 2010; discloses growth plans SINGAPORE, 12 November 2010 – MAINBOARD-LISTED Falcon Energy Group Limited (FEG or the Group) today released results for its nine months ended 30 September 2010. Profit after tax attributable to shareholders increased to US$19.0 million, up 3% from the US$18.3 million it registered in the previous equivalent period. It has also unveiled its expansion plans in a bid to create a more balanced portfolio. Financial highlights Revenue, at US$52.8 million, was also up from the US$50.8 million previously. The Marine Division contributed the biggest share to Group revenue, at US$29.5 million or 56% of the total in relation to the US$30.2 million previously. The next largest contributor was Oilfield Services Division which brought in US$14.2 million, or 27% of the total, compared to US$19.7 million earlier because of lower contributions from its Mexican subsidiary, the expiry of a one-off contract from another subsidiary, as well as the reduction of sundry services rendered. Oilfield Projects Division made up the rest, Falcon Energy Group Limited Page 2 of 6 i.e. 17% or US$9.1 million, growing by 842% due to four new contracts that were secured during the period comprising one that has been accounted for in June 2010 and three others in end-August 2010. Its gross profit came in at US$23.6 million, up 5%, from US$22.5 million in the corresponding period a year ago. Its average gross profit margin remained relatively constant at 44.7% for the period compared to 44.3% a year ago. Share of profit from associates expanded by 843% for the period, from US$537,000 to US$5.1 million, largely because of the share of profit from its 29.07%-owned associate, CH Offshore Ltd, following the completion of the acquisition on 28 April 2010, as well as the contribution from 49%-owned Otira Corporation. Quarter-on-quarter, profit after tax attributable to shareholders was US$2.8 million compared to the previous year’s quarter of US$6.5 million. Revenues for the quarter were US$15.8 million against US$23.1 million in the previous corresponding period. Marine Division contributed US$4.4 million to revenues in relation to US$10.6 million in the previous period, representing 28% of the total. Lower revenues were due to the completion of some contracts, as well as lower charter rates for the quarter. Revenues from Oilfield Services Division were US$6.8 million or 43% of the total against US$11.6 million previously. Lower revenues for 3Q10 were due to lower contributions from the Mexican subsidiary, the expiry of a one-off contract from another subsidiary, and decreased sundry services rendered during the period. The rest of the revenue was brought in by Oilfield Projects Division at US$4.6 million, improving 379%, or accounting for 29% of the total, mainly a result of three new contracts secured during the quarter. Gross profit came in at US$4.8 million compared to US$8.8 million a year before, and the average gross profit margin during the quarter was 30.1% compared to 38.1% previously. |
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petrarchan
Member |
11-Nov-2010 11:44
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the 0.51 sell queue seems fake to me... hmmm... wonder who is playing this counter... |
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edwinteo
Senior |
11-Nov-2010 00:54
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yap, the resistance is 0.52 now...sianz..still no new contract by them.....i think today US will go up...hope tomorrow this go up too..anyway, it's forming engulfing..not a very gd thing.. | ||||
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petrarchan
Member |
10-Nov-2010 21:46
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which day of the chart did u see as 0.515? based on yest and today... seems like resistance is now 0.52.. anyway contra players shld be out by today if u take 3 Nov.. 0.495 must hold.. Contra must be out T+3.. force selling is T+4 right?
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edwinteo
Senior |
10-Nov-2010 00:38
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i though the resistance is @ 0.515 which is today closing? hope it will turn into support...
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petrarchan
Member |
09-Nov-2010 18:44
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:) this week is the test for 0.535..
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petrarchan
Member |
08-Nov-2010 23:15
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hopefully the uptrend continues... still learning the charts.. need to see the next few days to cfm.. my 2cts advice support at 0.485, resistance at 0.535 and 0.55 |
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petrarchan
Member |
06-Nov-2010 12:21
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see shplayer's comments.. :)
i am vested in this... not at the lowest price of 0.46 but i think it should climb up soon...
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shplayer
Elite |
06-Nov-2010 11:47
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New issue warrants begins trading on Monday 8 Nov. It should start trading at > 14c (warr issued at 10c with conversion at 40c) cos warr rights were sold/bought at about 4.0 - 4.5c. When the mkt pumps this up, mother share will also be pushed higher. For quick trades, consider warrants for leverage and gearing. |
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operation_pesb
Member |
06-Nov-2010 00:34
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what's your basis for saying that, petrachan? | ||||
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petrarchan
Member |
05-Nov-2010 22:33
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the play begins from monday... watch out for it.. :) | ||||
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