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that was cool! 
sarsar ( Date: 15-Aug-2010 21:21) Posted:
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Courage Marine turnover grows approximately
168% to US$16.3 million in 2Q2010
Gross Profit Margin improved to 34.1%
Net profit at US$5.2 million in 2Q2010 compared to a net loss in 2Q2009
approximately US$21.8 million
Very quiet on this stock. Looks like finding a very good support at $0.18 to $0.185.
http://mystocksinvesting.com/singapore-stocks/courage-marine/courage-marine-finding-a-good-support/
Looks like breaking out!
http://mystocksinvesting.com/singapore-stocks/courage-marine-double-bottom-breaking
Increasing fleet size needs to be balanced with demand. Co. actually sold off one of its vessels earlier this yr.
Holding unutilised ships is costly....depreciation, mooring charges, crew (albeit skeleton) and stationary vessels are very prone to barnacle infestation on theiir hulls which will need to be cleaned off when put back in service.
grandmaster89 ( Date: 22-Dec-2009 20:47) Posted:
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| CourageMar | ___3 mths ended Sep 2009___ | Net Loss (S$M)___ | -$2.02 |
NAV is about USD0.10; which is about S$0.14.....of which about one third is cash.....which is good.
Although losing money cos of the weak freight rates, cash flow is +ve....bad/good
Revenue and profits in USD and as you know, USD is weak.....Bad.
Exercised its put option to exit its USD3.4m investment in Sunrise Airlines......suspect there may be some problem with this as no further announcement since 11 Aug that the money has been repaid.......if so, this will wipe out USD 0.0032 per share off its NAV and impact FY09 profit accordingly......Bad
You decide.
ktchua ( Date: 30-Oct-2009 13:45) Posted:
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good price to go in @21.5cts
| Performance Data (in millions) | |||||
| 2008 | 2007 | 2006 | |||
| Income Statement | |||||
| Revenue - Total | 75.66 | 90.41 | 56.73 | ||
| Gross Profit (Loss) | - | - | - | ||
| Operating Income After Depreciation | 35.99 | 53.23 | 25.86 | ||
| Net Income (Loss) - Consolidated | 40.48 | 60.36 | 27.80 | ||
| Balance Sheet | |||||
| Current Assets - Total | 68.16 | 69.80 | 28.84 | ||
| Assets - Total | 134.09 | 120.45 | 80.85 | ||
| Current Liabilities - Total | 9.09 | 4.74 | 7.92 | ||
| Liabilities - Total | 15.89 | 4.74 | 8.60 | ||
| Stockholders' Equity - Total | 118.21 | 115.71 | 72.25 | ||
| Cash Flow | |||||
| Net Income (Loss) - Consolidated | 40.48 | 60.36 | 27.80 | ||
| Operating Activities - Net Cash Flow | 43.29 | 58.52 | 29.54 | ||
| Investing Activities - Net Cash Flow | -31.41 | 0.29 | -5.32 | ||
| Financing Activities - Net Cash Flow | -28.67 | -22.27 | -23.63 | ||
| Key Stats & Ratios | |||||
| Net Income Margin (%) | 53.51 | 66.76 | 49.00 | ||
| Operating Margin (%) | - | - | - | ||
| EBITD Margin (%) | 47.64 | 58.96 | 52.38 | ||
| Return On Asset (ROA) (%) | 30.19 | 50.11 | 34.38 | ||
| Return On Equity (ROE) (%) | 34.25 | 52.16 | 38.48 | ||
| Employees | - | - | - | ||
Recently quite active and any advise on this stock ?
7 Nov 2007: Courage Marine 3Q07 Profit Triples!
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_6D81428A8AEB7CA44825738C002AD4C5/$file/Press_Release-3Q07.pdf?openelement
person123,
BDI pulled back from a high of about 11,000 to about 10,500. Furthermore, general market sentiment not too good due to uncertainties of the financial sector. Also, CM price has risen almost 60% since Sept. So, I think it needs time to consolidate this gain.
I'm all sold on this counter. Pocket about 200%. Frankly, I feel this company is too conservative after talking to their top management early this year. Wish they could be more courages like STX-PO. Future outlook depends very much on BDI.
Good luck to all who're still vested.
Jason6833, thks for your 12 Oct posting. However, I did not log-in so I missed it. I will unload this counter after the FOMC meeting next week. A bit tired of holding it for so long. Cheers n good luck to you all.