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COSCO SHP SG
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Cosco matches toward my 75c buy target
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pharoah88
Supreme |
14-Oct-2009 12:00
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Like COE, when the prices are down.... they PUNCH a BIG HOLE is the car dealers' ACCOUNTS because of their COE inventories bought earlier at very much higher prices. The only way to make profits from COE bidding is to continuouly BID UP the COE Prices and make the car buyers the SUCKERS.... This is the Other People's Money Syndrome [OPMS].... All car buyers should BID their own COEs at S$1 and they would still get their COEs at only S$1 every time. This is the True Spirit of SMART BIDDING. Similarly, if COSCO is allowed to fall to S$0.75 like before, the BIG BOYS' Year End BONUS will EVAPORATE.... "We canNOT do such misdeed to ourselves...." The ONLY WAY is to Hold the share price regardless of the actual LOSSES in the business.... But if the share price were to fall afte the Bonus payout, it would be FINE.... BUT NOT FINE for shareholders.... OPMS is a FLU.... |
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hp3000
Senior |
13-Oct-2009 16:38
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When people start to jump ship. It float again haha!! Let's wait till x'mas see how much it float |
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wongmx6
Veteran |
05-Oct-2009 00:26
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Cosco customer defers payment By VINCENT WEE Email this article Print article Feedback (Singapore) IN what looks like a sign of the way the shipbuilding market will go, Cosco Corp (Singapore) has agreed to defer progress payments on yet another vessel. The 923 million yuan (S$190.7 million) contract for the construction of an Octabuoy semisubmersible hull for American buyer, ATP Oil & Gas (UK) Limited, was part of a series of deals worth $402.4 million announced by the company last April. Following a request from the buyer, the remaining amount to be paid for the semisubmersible platform unit, some US$99 million, will be made upon delivery of the vessel, expected in early 2011, instead of in instalments as originally agreed. In connection with the payment amendment, title to the vessel will remain with the builder, Cosco Nantong, during the construction of the vessel and will only be transferred to the buyer upon full payment. The arrangement will be supported by a Letter of Insurance issued by the China Export and Credit Insurance Corporation. The amendment is not expected to have any material impact on Cosco's net tangible assets and earnings per share for the year ending Dec 31, 2009. Cosco earlier this week agreed, following requests from a European ship owner, to reschedule the delivery dates of five bulk carriers by between four and 13 months after their original delivery dates. The last of the deliveries will now be in 2012. |
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buylist
Senior |
04-Oct-2009 23:24
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Who will not jump ship when it is sink and do not see much sight of recovery as the day passes by |
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Calculation
Senior |
02-Oct-2009 17:00
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This ship seems to be sinking! I wonder the Big Boys are abandoning ship. Will those stay behind to do the damage control be rewarded? |
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woowoo
Member |
02-Oct-2009 15:19
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Waiting to see the down nx wk, so will load up at low low pz... |
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buylist
Senior |
02-Oct-2009 15:04
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Having since been downgrade and with orders cancellation and delay coming in high speed compared to miserable new orders, Cosco is under pressure. I am seeing it coming to my buy target of 75c. I hope it could be reached with the bear rampage which i expect to continue into next week. |
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