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Sembmarine
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GuavaXF30
Master |
10-May-2012 08:46
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No worries here. I admit, could have bought at lower price but still, even at 5.00, this is a good value counter. Look, they made less profit compared to last YTD. But it's still 111 mil profit. And the only reason for this was that there were more deliveries of lower-profit jack-up rigs than semi-sub rigs. This year, going forward, they have 639 m worth of Jack-up rigs to deliver but have also got 1.75 b worth of semi-sub rigs. Which means, by end of the year, the profit ratio will be heavily revised upwards. And don't forget, there is still Petrobas deal that may happen. And that's mega. Just keep in fridge and do not sell even after dividend paid. I suspect we may see some special div payments as their cash situation is very healthy. " The market for premium jack-up rigs continues to be active with oil companies remaining focused on safety and efficiency gains offered by newer and higher specification units. The Group has since January 2012 secured three units of high specification jack-up rigs with a total value of US$639.5 million. With offshore drilling moving towards deeper waters and harsher environment, we continue to see strong enquiries for semi-submersibles, drillships and harsh-environment units. Sembcorp Marine with its proven track record and expertise is well-positioned to leverage on the opportunities in this sector. It has since January 2012 secured contracts worth a total of US$1.75 billion, comprising a harsh-environment deepwater semi-submersible rig, a wellintervention
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yiming2000
Senior |
10-May-2012 00:05
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You committed suicide here? I bought 10 lots at 5.27 and to get $2000 dividend and quickly dumped it at 5.08. Lost a lttle bit. What price did you come in when your hand got itchy? How many lots? Sembcorp Marine not a bad as Biosensors where I committed suicide. No BB can manipulate price down with Temasek around. So don't worry too much. Looks like I have to keep my Biosensors in the freezer.
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Jackpot2010
Master |
09-May-2012 20:46
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$4 support may be tested soon........ Sembmarine takes a profits hitSingapore-based offshore fabrication group Sembcorp Marine saw its profit take a tumble in the first quarter but said rig ordering activity remains strong, driven by high oil prices. |
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rotijai
Supreme |
09-May-2012 18:34
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tat's a mixed news... profit drop but revenue up.. wat a retarded com.. well.. too bad, boarded at the wrong time let's see wat dj can give us tonight )
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ozone2002
Supreme |
09-May-2012 18:03
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SINGAPORE - Sembcorp Marine Ltd, the world's second-largest rig builder, reported a 25 per cent drop in first quarter net profit on Wednesday, partly due to lower margins on the rigs it delivered compared to a year ago. The company, which competes with the world's largest rig builder Keppel Corp, had net profit of S$113 million (US$90.45 million) for the three months ended March 2012, down from S$151 million a year earlier. " With offshore drilling moving towards deeper waters and harsher environments, we continue to see strong enquiries for semi-submersibles, drillships and harsh-environment units," the company said in a statement. -- REUTERS |
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rotijai
Supreme |
09-May-2012 16:00
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hand a bit itchy.. decided to take a calculated risk bet.. if wrong, just keep in fridge for months.. *dont follow me, prepared to have my $ stuck in this yard :x |
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ozone2002
Supreme |
09-May-2012 15:56
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from DBS report today Sembcorp Marine secures US$208m jack-up order. SMM’s subsidiary, PPL Shipyard, has secured a US$208m contract to build a Pacific Class 400 jack-up rig, along with an option for a similar unit, worth US$210m, with adjustments to certain cost escalations. This contract was awarded by Perisai (L) Inc, a wholly-owned subsidiary of Perisai Petroleum Teknologi Bhd. Delivery of this unit is scheduled for end-July 2014 the option unit, if exercised, has a delivery date of 2Q 2015. This order is SMM’s sixth order for the year, and it brings its FY12 YTD order wins to S$3.0bn, on track to meet our full-year order wins assumption (ex-Petrobras) of S$6.0 bn. This contract win also marks the eighth pacific Class 400 jack-up ordered since 2010. Maintain BUY. for yards could continue to be strong, especially for rigs intended for deepwater and harsh environment. SMM remains a leading contender for six Petrobras rigs (worth up to US$4.8bn, not yet factored in our order-win assumptions), as well as contracts for the integration of at least two FPSO projects from Petrobras, each estimated to be worth > US$500m (refer to our Singapore Rigbuilders
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GuavaXF30
Master |
09-May-2012 14:06
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May seem that way but after waiting all morning and seeing price raneg bound, and then realising resuts of Q1 to be announced this afternoon, decided to buy in and not wait any longer. Anyway, I ma be wrong and the price may well fall further. Point is I am buying with my own money and I feel this is good value. Just sharing my moves, not asking you to follow. It really is up to you what you feel is the right price for yourself. Another thing, I buy to keep. But I will also sell when I see enough profit.
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tiancai007
Master |
09-May-2012 13:39
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Bro, u are contradicting urself. 1st u said it is going down, then u buy at 4.82. Why not wait for it to bottom then buy? Why so urgent to buy today huh?
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ozone2002
Supreme |
09-May-2012 13:35
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well if sembmar drops further it's an opportunity to buy more at a cheaper price.. fundamentals of the company is intact..they don't change within a day.. only it's price of the stock reflects the sentiment of the market.. and it's up to u to capitalize on the emotions of the market players... gd luck dyodd.. :) |
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GuavaXF30
Master |
09-May-2012 12:50
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You may well be right. In the short-term. Pardon the pun. But Q1 results coming out this afternoon. And longer term prospects are good for rig builders. I was deciding between Keppel and Semb Marine but worked out Semb Marine may have slightly better upside. Even though price of oil has fallen lately, it will not stay down for long. Make sure you cover your short positions fast.
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Sgshares
Elite |
09-May-2012 12:49
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More downside for sembmarine | ||||
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alexchia01
Elite |
09-May-2012 12:27
Yells: "Catch The Stars And Ride With Them" |
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Why Buy? This is a great shorting point to me. I just shorted SembMar.
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GuavaXF30
Master |
09-May-2012 11:37
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After waiting for fall to come, have decided that this is an attractive price to enter at. Bought in at 4.82. Not even queueing. Good luck to the two of us !
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GuavaXF30
Master |
09-May-2012 09:10
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Better to wait a while more. Not even at 4.80. Good counter but can get much much cheaper. There will be blood this week....
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ozone2002
Supreme |
09-May-2012 08:54
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there's still the chance of further selldown due the margins calls being enforced. will be looking at grabbing more sembmar if it falls below 4.8 fundamentals still strong for this stock just that market fear is causing the price to fall.. means cheaper price for me to get.. dyodd gd luck :) |
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GuavaXF30
Master |
09-May-2012 08:28
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Not sure if this is gonna help prices today. Oil price is touching USD 95 now. DOW may have recovered to be down " only" 76 pts but it's still down 76 pts. At one point, it was down about 200 pts. Hope you managed to get out yesterday.
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ozone2002
Supreme |
08-May-2012 18:02
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gd news..
SembMarine's unit secures US$208m contract
By
Sembcorp Marine's subsidiary PPL Shipyard has secured a US$208 million contract to construct a Pacific Class 400 jack-up drilling rig Perisai (L) Inc. The rig of PPL Shipyard proprietary design, is capable of operating in water depths of 400 feet and drilling to depths of 30,000 feet. The rig's maximum drillcentre is cantilevered at 75 feet aft and it has a derrick hook load capacity of 1.5 million lbs. It is scheduled for delivery in end July 2014. |
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soulreaction02
Member |
08-May-2012 17:24
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Hi ozone2002, what do you mean by margin calls not over yet??? |
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ozone2002
Supreme |
08-May-2012 15:56
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looks like margin calls not over yet.. selling pressure is strong.. |
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