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Civmec forum

its order book - not i want to yaya or anything- but Vallianz a penny stock got more leh.....

Teochew      ( Date: 21-Oct-2013 21:32) Posted: CIVMEC wins over SGD$210 Million of Contracts since last announcement, Order Book at record levels   SINGAPORE, 21 October 2013 - Civmec,  an Australian based integrated multi-disciplinary heavy engineering service provider, is pleased to announce it has recently been awarded a number of new contracts.   The value of the recent contract awards increased the order book to over SGD$330 million.

 

CIVMEC wins over SGD$210 Million of Contracts since last announcement, Order Book at record levels
 
SINGAPORE, 21 October 2013 - Civmec,  an Australian based integrated multi-disciplinary heavy engineering service provider, is pleased
to announce it has recently been awarded a number of new contracts.
 
The value of the recent contract awards increased the order book to over SGD$330 million.   

 

One of Western Australia's biggest business success stories in recent times is also one of its least known.
 
Amid plenty of doom and gloom in the resources sector, heavy engineering and construction services provider Civmec is powering ahead on the back of WA's massive liquefied natural gas (LNG) expansion.

While its peers in mining are taking turns to downgrade their profit expectations, Civmec last month reported a hefty profit hike for the financial year to date.

The contractor said tendering activities were better than six months earlier and the highest since its inception.

The two key players behind Civmec are not so much low-profile as no-profile. Executive chairman Jim Fitzgerald and CEO Pat Tallon retained hefty stakes of nearly 20 per cent each when the company quietly listed on the Singapore Exchange last year.

Those shareholdings were worth $S86 million ($72 million) each at Friday's closing price.

Since taking control of the company from former parent VDM Group four years ago, Civmec's growth under Mr Fitzgerald and Mr Tallon has been nothing short of spectacular.

In the 2011-12 financial year, revenue soared more than 400 per cent to $S329 million. Net profit was up 300 per cent to $S30 million.

This year's performance will be better. Revenue for the first nine months of this financial year was up 52 per cent to $S326 million, while profit climbed 22 per cent to $S27 million.

Since building a massive fabrication facility at the Australian Marine Complex in Henderson, Civmec has been a key supplier of pre-cast concrete structures for Chevron's Gorgon LNG project.

The company raised about $S20 million from the Singapore listing, part of which was used to fund a new office at the Henderson site. The share price has more than doubled since the float.

This year Civmec has expanded its service offering to include structural, mechanical and piping installation, as well as asset management and integrated services. Mr Fitzgerald has hinted at a share placement to fund expansion.

Neither of the company's leaders is an overnight success. A qualified sheet metal worker, Mr Fitzgerald has been in the business for more than 30 years. He was a founder of resources contractor AGC, eventually becoming executive director of its parent AusGroup.

Mr Tallon got his start as a tradesman in Ireland and has spent a quarter of a century in the construction industry. He was a director of Ballymount Enterprises before it merged with Civmec in 2009.

 

Due to?

New contracts?

Or rumours of takeover news like Ezra?

She's in a good position for that due to the low share price

happyboy588      ( Date: 18-Sep-2013 09:41) Posted: filling in the gap ,  see $1 soon ,  hahahahhah

 

filling in the gap ,  see $1 soon ,  hahahahhah

 

Civmec not only filled the gap at $0.815 but also went further down to fill the gap at $0.69 .

Bintang      ( Date: 15-May-2013 08:38) Posted: Civmec is already in the long term downtrend since the dead cross formed in March 2013 , it is going down to fill the gap at $0.815 yiewkhong      ( Date: 06-May-2013 21:17) Posted: Excellent short candidat

 

...Married Deal:  Vol: 4,250 Value: $2,975,000   ie $0.700/share  Prev Close: $0.745...

...highest $1.285 (14 Jan '13) ... lowest: $0.480(23 Apr '12)... down trend since hit the highest...

 

Aussie mining less attractive - for now?, players maybe bottom fishing?

ozone2002      ( Date: 10-Jul-2012 10:48) Posted: UOB Long/short ideas – What’s on the table Civmec (CVL SP, P9D) - Maintain technical SELL with 8.5% downside return Resistance: S$1.04 Support: S$0.91 We have revised the above following our technical sell for the stock on 28 Jun 12 (in our retail market monitor) has been stopped out (S$0.97). Currently there is a bearish divergence on its indicators as shown below. We have selected a chart with a shorter time frame as the stock has only recently begun its IPO. Ausgroup (AUSG SP, 5GJ) - Maintain technical BUY with 10.8% upside Resistance: S$0.41 Support: S$0.35 We maintain our technical BUY as per 27 Jun 12  (in our retail market monitor). On the daily, the stock is still on the uptrend, with the Stochastics indicator having hooked up and the stock trending higher on bullish divergences formed earlier. About the companies Civmec Ltd. is an integrated multi-disciplinary construction and heavy engineering services provider to the oil and gas (O& G), mining and other industries, such as the infrastructure, utilities, chemical and power industries. The company provides heavy engineering and other services including fabrication, site civil works, pre-cast concrete and maintenance services. Ausgroup Limited is an integrated multi-disciplinary engineering services provider. The company specialises in the O& G, LNG, and mining related industries. Source: Bloomberg

 

Civmec is already in the long term downtrend since the dead cross formed in March 2013 , it is going down to fill the gap at $0.815

yiewkhong      ( Date: 06-May-2013 21:17) Posted: Excellent short candidate srichipan      ( Date: 06-May-2013 19:55) Posted: tmr should continue to cheon

 

Just to recap, offered @40c, opened @60c,  today trading @a dollars.

      Civmec players  story  so far very  optimistic.   

 

Excellent short candidate

srichipan      ( Date: 06-May-2013 19:55) Posted: tmr should continue to cheong srichipan      ( Date: 02-May-2013 21:41) Posted: poised for a reversal soon

 

tmr should continue to cheong

srichipan      ( Date: 02-May-2013 21:41) Posted: poised for a reversal soon

 

poised for a reversal soon

 

Good run today. Looking swee again. Good luck. 

 

Fasten your seat belt & Standby for takeoff   

Nopainnogain      ( Date: 23-Jan-2013 11:14) Posted: Yes .. existing contract is 200 million .. now added 50 million... price easily to ciong cobrajr      ( Date: 23-Jan-2013 10:51) Posted:       Easily on the way to above $1.5

 

Yes .. existing contract is 200 million ..

now added 50 million...

price easily to ciong

cobrajr      ( Date: 23-Jan-2013 10:51) Posted:       Easily on the way to above $1.50 ozone2002      ( Date: 23-Jan-2013 10:15) Posted: Civmec has secured contracts in relation to the Chevron operated Wheatstone and Gorgon Projects with Best JV and CB& I Kentz JV respectively. The contracts combined value is about S$50m. Works will commence in February 2013.

 

      Easily on the way to above $1.50

ozone2002      ( Date: 23-Jan-2013 10:15) Posted: Civmec has secured contracts in relation to the Chevron operated Wheatstone and Gorgon Projects with Best JV and CB& I Kentz JV respectively. The contracts combined value is about S$50m. Works will commence in February 2013.

 

Civmec has secured contracts in relation to the Chevron

operated Wheatstone and Gorgon Projects with Best JV

and CB& I Kentz JV respectively. The contracts combined

value is about S$50m. Works will commence in February

2013.

 

anyone holding this? results announcement end of this month.... expecting excellent res............

 

http://sgxreports.blogspot.sg/2012/09/civmec-limited.html