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nickyng Supreme	17-Sep-2007 17:36        nickyng About Contact  Quote this Post!
x 0   x 0  Alert Admin	damn..almost wanna short this morning at 2.31...but no time to monitor :P
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jackjames Elite	17-Sep-2007 17:24        jackjames About Contact  Quote this Post!
x 0   x 0  Alert Admin	shit.... kena short low to 2.16 and close at 2.19, shit .....
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nickyng Supreme	12-Sep-2007 17:02        nickyng About Contact  Quote this Post!
x 0   x 0  Alert Admin	short term sentiment bad for contra...so logical to short mah....at least till 18 sep loh...
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limhpp Veteran	12-Sep-2007 16:20        limhpp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi nickyng, I have noticed you only short, didn't contra??? Why?
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rickytan Veteran	12-Sep-2007 15:52        rickytan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi jackjames, thank you for your clarification.  And congrats as price is moving up.  Last month, I cut loss at $2.18 already..... I cut on the wrong counter... sigh....
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nickyng Supreme	12-Sep-2007 14:15        nickyng About Contact  Quote this Post!
x 0   x 0  Alert Admin	haha...that's y i say...maybe should get a trader license myself hor? hee...
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stocker2007 Member	12-Sep-2007 14:02        stocker2007 About Contact  Quote this Post!
x 0   x 0  Alert Admin	nicky, i think yr broker very good to have u as client. hee
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nickyng Supreme	12-Sep-2007 09:59        nickyng About Contact  Quote this Post!
x 0   x 0  Alert Admin	got v. weak heart...hee..covered short at 5x $2.31 liao !!! CHEERS !! :))))))))))))))))))
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ONEplusone Member	12-Sep-2007 09:22        ONEplusone About Contact  Quote this Post!
x 0   x 0  Alert Admin	Move Lab move, your TP is 2.85. Cheers to those vested.
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nickyng Supreme	12-Sep-2007 09:14        nickyng About Contact  Quote this Post!
x 0   x 0  Alert Admin	ok...shorted at 5x $2.34 hee....wish me luck !!
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jackjames Elite	12-Sep-2007 08:57        jackjames About Contact  Quote this Post!
x 1   x 0  Alert Admin	NO LA... rickytan, I am saying, I am looking at the show while sitting at 1.99 level... (meaing, i am vested at 1.99 la...), aiyooo... today, i expect it cheong to 2.35 !
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rickytan Veteran	12-Sep-2007 08:38        rickytan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Jackjames, you mean you expect it to drop to $1.99 ?
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jackjames Elite	11-Sep-2007 23:49        jackjames About Contact  Quote this Post!
x 0   x 1  Alert Admin	gentleman, just watch the shows, isn't that nice to see the show at level 1.99, LOL..
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thatman Member	11-Sep-2007 16:13        thatman About Contact  Quote this Post!
x 0   x 0  Alert Admin	My apologies... having some prob logging in just now... may have accidentally re-post .. anyway, good on you... managed to short successfully. Brilliant. cheers, ttman
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nickyng Supreme	11-Sep-2007 16:09        nickyng About Contact  Quote this Post!
x 0   x 0  Alert Admin	thatman, pls..chk your timing when re-post your "3pm" stories again hor...time has moved FYI :PPPPPPPP rather SHORT on this then contra  ! hee...
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stocker2007 Member	11-Sep-2007 15:53        stocker2007 About Contact  Quote this Post!
x 1   x 0  Alert Admin	Most important point perhap : One more slot for FY2010. Labroy?s current order book is S$2.4bn, of which jackups and offshore units account for about 60%. With four jack-up rigs and two heavylift vessels on hand, Labroy still has a slot for another offshore unit for FY10 delivery, based on its current capacity. When Phase 1 of its yard expansion is completed by end-2007, Labroy will have the capacity to build nine offshore units concurrently for three deliveries per annum. It is still receiving a high level of enquiries and we believe one more rig or heavy-lift vessel could be added to its order book by 1Q08.
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thatman Member	11-Sep-2007 15:52        thatman About Contact  Quote this Post!
x 0   x 0  Alert Admin	Should hit $2.30 by 3pm. chiong ar... Cheers, ttman
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stocker2007 Member	11-Sep-2007 15:51        stocker2007 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Excerpts from CIMB-GK report : Experienced management team to run rig business. Our meetings with Labroy?s Chairman, Mr BT Tan and Director of Shipbuilding, Mr HT Toh have reassured us that the delivery of the first two jack-up rigs is on schedule and Labroy is equipped with a strong management team with engineering and technical expertise, project management and business development experience Standard Drilling affirms delivery is on schedule. We are comforted by Standard Drilling?s confirmation that the first two jack-up rigs being built by Labroy are on schedule. The first rig, Naga 2, is 53% completed vs. the 52% planned while the second rig is 9% ahead of schedule In the worst case? We estimate that Labroy will incur a maximum penalty of US$22m (7.5% of contract value) if the first two rigs are delayed. For cancellation of all orders (highly unlikely), progressive payments received have to be returned with interest at LIBOR +2%. On the flip side, the rigs could be sold at higher prices of US$180m-200m in the current market. Target price raised to S$2.85 from S$2.59, based on sum-of-the-parts valuation. We have raised our earnings estimates by 7-10% for FY07-09 to account for higher margin and lower provision assumptions. Stock is now trading at11.5x CY08P/E. At our target price, implied P/E of 15x CY08 is a valuation target that factors in the execution risk and unproven rig building track record, in our opinion. Maintain Outperform.
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nickyng Supreme	11-Sep-2007 15:04        nickyng About Contact  Quote this Post!
x 0   x 0  Alert Admin	ok covered short at 5x $2.21 :))))))))))))))))))))))))))))))
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nickyng Supreme	11-Sep-2007 14:40        nickyng About Contact  Quote this Post!
x 0   x 0  Alert Admin	haha...i not so kang cheong spider wan lah...we will see...pre-DJ is weak +ve...i still got chance :P
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