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12:02p BREAKING Nat gas higher after surprise supply decline - Market Watch
Stochastic also turning up from oversold region. Looks like it's going to move tmr. =)
Falcon Energy went up to 60 cents on 22 July 2010 n ended the technical rebounce .It came down non-stop for four months to 41 cents yesterday .
bh704428 ( Date: 30-Jun-2010 10:52) Posted:
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Falcon Energy (FEG SP, $0.42, BUY, TP $0.60) – We
recently met up with the management of Falcon
Energy. While its 3Q10 results were below our
expectations, Falcon is embarking on new initiatives
to diversify its revenue base. Management is also
optimistic of a recovery of the M&O industry by
2Q11. We have slashed our forecasts by 20‐40% but
are maintaining a BUY call with a lower target price of
still not so bad? share price saying otherwise haha!
edwinteo ( Date: 15-Nov-2010 22:52) Posted:
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Unlimited downside now ?? don't know how to see the TA for Falcon....
Crash liao....
Falcon Energy Group – Towards a Diversified Business Model (Update)
15 Nov 2010
Falcon
Energy Group (Falcon) announced their 3Q 2010 results on 13 November
2010. The company experienced a tough quarter, with 1H 2010 revenue and
profit falling 31.5% and 50.3% YoY respectively – largely due to the
Marine segment. The company is looking for a more stable revenue stream
through its recently established Resource division. We maintain our Increase Exposure call
with a revised intrinsic value of S$0.710 per share, having factored in
the adjusted FY10 numbers, dilution of warrant issuance and weakening
US$.
For the full report, please visit our website at http://www.siasresearch.com/index.php?option=com_report&task=article&id=3816
i don see that bad..their 9month profit up 7%....reserve cash balance a bit low because they just purchase 29% of CH offshore.....once hit pass 30% they are required to acquired them..
good luck to all vested. horrible quarter results... this warrant play going to die like other useless warrants in the past...
Falcon Energy posts US$19.0m net profit for
nine months ended 30 September 2010;
discloses growth plans
SINGAPORE, 12 November 2010 – MAINBOARD-LISTED Falcon Energy Group
Limited (FEG or the Group) today released results for its nine months ended 30
September 2010. Profit after tax attributable to shareholders increased to US$19.0
million, up 3% from the US$18.3 million it registered in the previous equivalent period.
It has also unveiled its expansion plans in a bid to create a more balanced portfolio.
Financial highlights
Revenue, at US$52.8 million, was also up from the US$50.8 million previously. The
Marine Division contributed the biggest share to Group revenue, at US$29.5 million or
56% of the total in relation to the US$30.2 million previously. The next largest
contributor was Oilfield Services Division which brought in US$14.2 million, or 27% of
the total, compared to US$19.7 million earlier because of lower contributions from its
Mexican subsidiary, the expiry of a one-off contract from another subsidiary, as well as
the reduction of sundry services rendered. Oilfield Projects Division made up the rest,
Falcon Energy Group Limited
Page 2 of 6
i.e. 17% or US$9.1 million, growing by 842% due to four new contracts that were
secured during the period comprising one that has been accounted for in June 2010
and three others in end-August 2010.
Its gross profit came in at US$23.6 million, up 5%, from US$22.5 million in the
corresponding period a year ago. Its average gross profit margin remained relatively
constant at 44.7% for the period compared to 44.3% a year ago.
Share of profit from associates expanded by 843% for the period, from US$537,000 to
US$5.1 million, largely because of the share of profit from its 29.07%-owned
associate, CH Offshore Ltd, following the completion of the acquisition on 28 April
2010, as well as the contribution from 49%-owned Otira Corporation.
Quarter-on-quarter, profit after tax attributable to shareholders was US$2.8 million
compared to the previous year’s quarter of US$6.5 million. Revenues for the quarter
were US$15.8 million against US$23.1 million in the previous corresponding period.
Marine Division contributed US$4.4 million to revenues in relation to US$10.6 million
in the previous period, representing 28% of the total. Lower revenues were due to the
completion of some contracts, as well as lower charter rates for the quarter. Revenues
from Oilfield Services Division were US$6.8 million or 43% of the total against
US$11.6 million previously. Lower revenues for 3Q10 were due to lower contributions
from the Mexican subsidiary, the expiry of a one-off contract from another subsidiary,
and decreased sundry services rendered during the period. The rest of the revenue
was brought in by Oilfield Projects Division at US$4.6 million, improving 379%, or
accounting for 29% of the total, mainly a result of three new contracts secured during
the quarter. Gross profit came in at US$4.8 million compared to US$8.8 million a year
before, and the average gross profit margin during the quarter was 30.1% compared
to 38.1% previously.
nine months ended 30 September 2010;
discloses growth plans
SINGAPORE, 12 November 2010 – MAINBOARD-LISTED Falcon Energy Group
Limited (FEG or the Group) today released results for its nine months ended 30
September 2010. Profit after tax attributable to shareholders increased to US$19.0
million, up 3% from the US$18.3 million it registered in the previous equivalent period.
It has also unveiled its expansion plans in a bid to create a more balanced portfolio.
Financial highlights
Revenue, at US$52.8 million, was also up from the US$50.8 million previously. The
Marine Division contributed the biggest share to Group revenue, at US$29.5 million or
56% of the total in relation to the US$30.2 million previously. The next largest
contributor was Oilfield Services Division which brought in US$14.2 million, or 27% of
the total, compared to US$19.7 million earlier because of lower contributions from its
Mexican subsidiary, the expiry of a one-off contract from another subsidiary, as well as
the reduction of sundry services rendered. Oilfield Projects Division made up the rest,
Falcon Energy Group Limited
Page 2 of 6
i.e. 17% or US$9.1 million, growing by 842% due to four new contracts that were
secured during the period comprising one that has been accounted for in June 2010
and three others in end-August 2010.
Its gross profit came in at US$23.6 million, up 5%, from US$22.5 million in the
corresponding period a year ago. Its average gross profit margin remained relatively
constant at 44.7% for the period compared to 44.3% a year ago.
Share of profit from associates expanded by 843% for the period, from US$537,000 to
US$5.1 million, largely because of the share of profit from its 29.07%-owned
associate, CH Offshore Ltd, following the completion of the acquisition on 28 April
2010, as well as the contribution from 49%-owned Otira Corporation.
Quarter-on-quarter, profit after tax attributable to shareholders was US$2.8 million
compared to the previous year’s quarter of US$6.5 million. Revenues for the quarter
were US$15.8 million against US$23.1 million in the previous corresponding period.
Marine Division contributed US$4.4 million to revenues in relation to US$10.6 million
in the previous period, representing 28% of the total. Lower revenues were due to the
completion of some contracts, as well as lower charter rates for the quarter. Revenues
from Oilfield Services Division were US$6.8 million or 43% of the total against
US$11.6 million previously. Lower revenues for 3Q10 were due to lower contributions
from the Mexican subsidiary, the expiry of a one-off contract from another subsidiary,
and decreased sundry services rendered during the period. The rest of the revenue
was brought in by Oilfield Projects Division at US$4.6 million, improving 379%, or
accounting for 29% of the total, mainly a result of three new contracts secured during
the quarter. Gross profit came in at US$4.8 million compared to US$8.8 million a year
before, and the average gross profit margin during the quarter was 30.1% compared
to 38.1% previously.
the 0.51 sell queue seems fake to me... hmmm... wonder who is playing this counter...
yap, the resistance is 0.52 now...sianz..still no new contract by them.....i think today US will go up...hope tomorrow this go up too..anyway, it's forming engulfing..not a very gd thing..
which day of the chart did u see as 0.515?
based on yest and today... seems like resistance is now 0.52..
anyway contra players shld be out by today if u take 3 Nov.. 0.495 must hold..
Contra must be out T+3.. force selling is T+4 right?
edwinteo ( Date: 10-Nov-2010 00:38) Posted:
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i though the resistance is @ 0.515 which is today closing? hope it will turn into support...
petrarchan ( Date: 09-Nov-2010 18:44) Posted:
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:)
this week is the test for 0.535..
petrarchan ( Date: 08-Nov-2010 23:15) Posted:
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hopefully the uptrend continues...
still learning the charts.. need to see the next few days to cfm..
my 2cts advice
support at 0.485, resistance at 0.535 and 0.55
see shplayer's comments.. :)
i am vested in this... not at the lowest price of 0.46 but i think it should climb up soon...
operation_pesb ( Date: 06-Nov-2010 00:34) Posted:
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New issue warrants begins trading on Monday 8 Nov.
It should start trading at > 14c (warr issued at 10c with conversion at 40c) cos warr rights were sold/bought at about 4.0 - 4.5c. When the mkt pumps this up, mother share will also be pushed higher.
For quick trades, consider warrants for leverage and gearing.
what's your basis for saying that, petrachan?
the play begins from monday... watch out for it.. :)