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Swissco
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teeth53
Supreme |
21-Nov-2006 01:17
Yells: "don't learn through life, learn to grow with life " |
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Can take this week as due for correction, have some profit, take some, trade with care, can't really tell exactly when on every particular stock or when players move into....in this case Swiber is more speculative now in nature as it has a full run up w/o a slight pause and this is oni the 1st day ppl is paying attention to it down side. In between players has long taken multilple profit along during it full run up, so players may allow it to slip and till mkt correct by itself, then start all over again. | ||||||||||
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cashiertan
Elite |
21-Nov-2006 00:56
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teeth, what are think od swissco and swiber? u vested? i just sell out when it hit my s/l this afternoon, however looking to enter again if chance is there. how can the parent underperform its son? |
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teeth53
Supreme |
21-Nov-2006 00:54
Yells: "don't learn through life, learn to grow with life " |
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Swissco, parent of swiber (the son) of which it can run faster. Both has run it course, both is down along with those that run up as today sti is down 41.77 pts. Swissco closed 53c, down 0.015c while swiber closed at 79c, down 0.015c | ||||||||||
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singaporegal
Supreme |
20-Nov-2006 22:08
Yells: "Female TA nut" |
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Inconsistent volumes... TA people should avoid | ||||||||||
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cashiertan
Elite |
20-Nov-2006 18:11
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Sold my Swissco holding at 0.525 when it broke my 0.53 s/l point with huge vol, however i did notice that the it may be cause by short sellers thus this counter may still move up north again .will enter when the bear goes to slp or when it brk abv 0.545 | ||||||||||
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starlet
Member |
18-Nov-2006 00:53
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Another good session for its associate, Swiber, today... logically, Swissco should also move... like Centrillion and Equation... | ||||||||||
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cashiertan
Elite |
16-Nov-2006 23:29
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my 1st target price is met today.. hopefully can get to my 2nd target price. best is the 3rd target price
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knightrider
Elite |
16-Nov-2006 09:40
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Report from BT 16/11/2006 Have investors overlooked Swissco?
By VEN SREENIVASAN
IT IS not uncommon for companies with compelling valuation and growth stories to glide under the radar screens of investors. And offshore and marine vessels and services specialist Swissco International appears to be a case in point.
Originally a ship chandler, Swissco ventured from selling ship's supplies and equipment into the business of chartering offshore support vessels (OSVs) to oil companies in the early 1990s. It now has 14 OSVs and aims to have 30-35 in two years' time. But the offshore and marine vessel and services specialist appears to be sitting on a gold mine, thanks to the high-octane share price performance of its recently listed associate Swiber Holdings. Swiber, a company that specialises in offshore pipelines, installing jackets or topsides for rigs, raised about $31 million in net proceeds through the issue of 94 million new shares at 35.5 cents a share two weeks ago. Since then, the share price has more than doubled to about 72-73 cents. Swissco has about 55 million shares in Swiber. And at Swiber's current market price, this is worth almost $40 million - a huge gain from the $2 million still carried in Swissco's books. Swissco's other assets include its fleet of OSVs with an estimated market value of about $47 million. It also owns assets at its yard in the Pandan Road area. Just based on Swiber and the marine vessels, Swissco's assets are worth around $87 million. Its market capitalisation at the moment is around $85 million. This means the stock is trading at a discount to its net book value. For comparison, industry peer Jaya Holdings was recently acquired for about 3.5 times its book value. And Ezra is currently trading at more than five times book value. Swissco also seems compelling on a price-earnings (PE) basis. Stripping away the cash value of Swiber, Swissco's PE multiple on its 2005 earnings is only about three times. In comparison, similar companies like Jaya Holdings, ASL Marine, Labroy and Ezra trade at 10-15 times' earnings. Swissco earned $12.5 million last financial year, though this included vessel disposal gains of $9.5 million. The demand for OSVs has been so strong that Swissco has been making handsome premiums on selling some of its new boats. It has raised $22 million from boat sales over the past two years and reinvested the funds in new vessels. The company now has seven OSVs under construction at yards in China, including four anchor handling tugs (AHTs) that help moor offshore rigs and platforms. 'We can't build ships fast enough for the industry,' chief executive Alex Yeo told BT recently, saying an offshore boom has created an immediate shortage of about 100 OSVs. Swissco is capitalising on this shortage. Not surprisingly, some market experts expect the company to enjoy a significant boost in full-year 2006 earnings. Swissco is smack in the centre of a very sweet spot of an industry up-cycle. And to make things even sweeter, it is also sitting on a cash pile of $40 million, thanks to Swiber. Swissco's stock has been largely range-bound in recent weeks. But judging from an increase in activity in the past few days, some players may have started to take notice of its underlying value. IT IS not uncommon for companies with compelling valuation and growth stories to glide under the radar screens of investors. And offshore and marine vessels and services specialist Swissco International appears to be a case in point.
Originally a ship chandler, Swissco ventured from selling ship's supplies and equipment into the business of chartering offshore support vessels (OSVs) to oil companies in the early 1990s. It now has 14 OSVs and aims to have 30-35 in two years' time. But the offshore and marine vessel and services specialist appears to be sitting on a gold mine, thanks to the high-octane share price performance of its recently listed associate Swiber Holdings. Swiber, a company that specialises in offshore pipelines, installing jackets or topsides for rigs, raised about $31 million in net proceeds through the issue of 94 million new shares at 35.5 cents a share two weeks ago. Since then, the share price has more than doubled to about 72-73 cents. Swissco has about 55 million shares in Swiber. And at Swiber's current market price, this is worth almost $40 million - a huge gain from the $2 million still carried in Swissco's books. Swissco's other assets include its fleet of OSVs with an estimated market value of about $47 million. It also owns assets at its yard in the Pandan Road area. Just based on Swiber and the marine vessels, Swissco's assets are worth around $87 million. Its market capitalisation at the moment is around $85 million. This means the stock is trading at a discount to its net book value. For comparison, industry peer Jaya Holdings was recently acquired for about 3.5 times its book value. And Ezra is currently trading at more than five times book value. Swissco also seems compelling on a price-earnings (PE) basis. Stripping away the cash value of Swiber, Swissco's PE multiple on its 2005 earnings is only about three times. In comparison, similar companies like Jaya Holdings, ASL Marine, Labroy and Ezra trade at 10-15 times' earnings. Swissco earned $12.5 million last financial year, though this included vessel disposal gains of $9.5 million. The demand for OSVs has been so strong that Swissco has been making handsome premiums on selling some of its new boats. It has raised $22 million from boat sales over the past two years and reinvested the funds in new vessels. The company now has seven OSVs under construction at yards in China, including four anchor handling tugs (AHTs) that help moor offshore rigs and platforms. 'We can't build ships fast enough for the industry,' chief executive Alex Yeo told BT recently, saying an offshore boom has created an immediate shortage of about 100 OSVs. Swissco is capitalising on this shortage. Not surprisingly, some market experts expect the company to enjoy a significant boost in full-year 2006 earnings. Swissco is smack in the centre of a very sweet spot of an industry up-cycle. And to make things even sweeter, it is also sitting on a cash pile of $40 million, thanks to Swiber. Swissco's stock has been largely range-bound in recent weeks. But judging from an increase in activity in the past few days, some players may have started to take notice of its underlying value. Originally a ship chandler, Swissco ventured from selling ship's supplies and equipment into the business of chartering offshore support vessels (OSVs) to oil companies in the early 1990s. It now has 14 OSVs and aims to have 30-35 in two years' time. But the offshore and marine vessel and services specialist appears to be sitting on a gold mine, thanks to the high-octane share price performance of its recently listed associate Swiber Holdings. Swiber, a company that specialises in offshore pipelines, installing jackets or topsides for rigs, raised about $31 million in net proceeds through the issue of 94 million new shares at 35.5 cents a share two weeks ago. Since then, the share price has more than doubled to about 72-73 cents. Swissco has about 55 million shares in Swiber. And at Swiber's current market price, this is worth almost $40 million - a huge gain from the $2 million still carried in Swissco's books. Swissco's other assets include its fleet of OSVs with an estimated market value of about $47 million. It also owns assets at its yard in the Pandan Road area. Just based on Swiber and the marine vessels, Swissco's assets are worth around $87 million. Its market capitalisation at the moment is around $85 million. This means the stock is trading at a discount to its net book value. For comparison, industry peer Jaya Holdings was recently acquired for about 3.5 times its book value. And Ezra is currently trading at more than five times book value. Swissco also seems compelling on a price-earnings (PE) basis. Stripping away the cash value of Swiber, Swissco's PE multiple on its 2005 earnings is only about three times. In comparison, similar companies like Jaya Holdings, ASL Marine, Labroy and Ezra trade at 10-15 times' earnings. Swissco earned $12.5 million last financial year, though this included vessel disposal gains of $9.5 million. The demand for OSVs has been so strong that Swissco has been making handsome premiums on selling some of its new boats. It has raised $22 million from boat sales over the past two years and reinvested the funds in new vessels. The company now has seven OSVs under construction at yards in China, including four anchor handling tugs (AHTs) that help moor offshore rigs and platforms. 'We can't build ships fast enough for the industry,' chief executive Alex Yeo told BT recently, saying an offshore boom has created an immediate shortage of about 100 OSVs. Swissco is capitalising on this shortage. Not surprisingly, some market experts expect the company to enjoy a significant boost in full-year 2006 earnings. Swissco is smack in the centre of a very sweet spot of an industry up-cycle. And to make things even sweeter, it is also sitting on a cash pile of $40 million, thanks to Swiber. Swissco's stock has been largely range-bound in recent weeks. But judging from an increase in activity in the past few days, some players may have started to take notice of its underlying value. |
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teeth53
Supreme |
16-Nov-2006 09:17
Yells: "don't learn through life, learn to grow with life " |
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Swissco, parent of swiber, the flavour stock. This forgotten stock Cheongg... liao. +6cents to $0.55c , now trading on top most vol. | ||||||||||
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starlet
Member |
09-Nov-2006 02:00
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think the listing of its subsidiary Swiber today played a part in the drop... no more story to tell... | ||||||||||
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cashiertan
Elite |
09-Nov-2006 01:51
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yah still holding it. s/l at 8% of purchase price. current price just hovering over it... Kana caught by 2 bad trades Swissco and Chinasky. Oh well... only lucky thing is that i liquidate my main holding before buying them. |
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singaporegal
Supreme |
08-Nov-2006 11:34
Yells: "Female TA nut" |
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This counter has peaked and is now downtrending. | ||||||||||
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knightrider
Elite |
08-Nov-2006 10:28
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I think the region's Index is too high, all is coming down slowly, don't you fing the STI is a bit high side ! | ||||||||||
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chaotheory
Member |
08-Nov-2006 10:24
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why the sudden plunge today? thinking of cutting loss, but so far, everything i cut loss has gone up to new heights within a month. its market capitalisation is about 54 million. yet the price of stock is higher than stocks like k1 venture, whose market cap is a few times that for swissco. does it mean this counter is overvalued? enlighten me pls? |
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singaporegal
Supreme |
04-Nov-2006 20:05
Yells: "Female TA nut" |
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Discipline is a must. But you need rule-based discipline. Without rules, you won't know when to cut loss or take profit. BTW, this stock has inconsistent volume... TA people should avoid. |
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puntit
Member |
04-Nov-2006 17:19
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You are right, $Cashier. We very often do a lot of arduous planning and arrive at a decision to take a certain course of action. But when the time comes, we are usually so influenced by the hustle and bustle of daily activity that we often end up not doing what we've previously planned. It is easier said than done that we must stick to our plan... not easy to do. It's so common. :) |
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cashiertan
Elite |
04-Nov-2006 16:57
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thanks, i have some confident of the stocks i buy before i entered, the reason i said i make a mistakes is becoz i didnt stick to my usual plan thus resulting i putting myself in such a condition. this counter is in marine related industry like ezra thus i think there is potential in the short to mid term. |
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knightrider
Elite |
01-Nov-2006 10:20
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The new IPO Swiber, heard Swissco has a 20% in it. So not worry too much, this share has potential. |
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cashiertan
Elite |
01-Nov-2006 00:15
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lucky up 3 cents today. however upside potential looks limited for the short term. | ||||||||||
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cashiertan
Elite |
31-Oct-2006 02:01
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made a mistake. entered too early and on impulse... now in the red of 3.5cents. | ||||||||||
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