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aya just buyQ at 1.97 loh...and lucky to kanna..anyway vested for 30min only...contra off at 2.02 liao hee....weak heart cant take overnight coast ride by DJ indexes...hee
There are rumours that KK Ng who came from sembM to head their rig building development has left. They denied and say that KK is still an employee but the strange thing is why he switch to an advisory role instead of his operational duties before they deliver their 1st rig. The shipyard mgr, Mr. Chan who took over has no experience in rigs so there is concern over their 1st delivery by Sept 08. CLSA still has a target of $2.55 so i hope $2 will be able to hold..
first time, i hear you vested in one counter.. by the way, this is a good counter..
how come u are so lucky to get it at 1.97?
anyway, dow jones will drop tonight, so, i am not in a hurry to buy today, BUT TOMORROW !!! heeee..
aya told u unseen hand liao wat??? BBs speculating...anyway vested 5x @ 1.97 !! hee....
KIMMENG yester also vicious sell by unseen hand...hee...wondering how come SGX no interfere and ask "intelligient" qns leh?? hmm.....
Why the sudden sell of... have chked out SGX website.. no news... anyone got any idea? pls advice. Thanks.
Rgds,
ttman
wow...vicious sell off for this burger siah !!! 24cts down !! wat happened?!??!? "unseen" hand in action again? hee...
The bollinger bands are really tight. Given its track record, fundamentally should be a good counter right? for medium to long term. Any comments? Have bought some earlier?
Looks to be heading south... also be very careful because the Bollinger bands are really tight. there could be sudden price movement too.
focus on cosco, nothing for labroy?? no news for awhile...
cosco got stock split n cheong agian rite?? hope LM also... southeast asia sea also big.. ang mo order rig from LM 2... only if more orde can come in, i think batam yard still can handle...
With oil price dipping, the rush to order more rigs may not seem as very urgent now. The sky will be the limit if any share keeps on heading north without a breather. After all, the present price has factored in the earnings prospects over the next few months. Everyone is rushing in with the hope that order for more rigs will be received by LM, forgetting that COSCO is able to compete head long with LM for such orders because of its much bigger space in China waters.
gk cant be getting it wrong too often.. i hope... 1 more rigs surely can bring it above $2... will we see a stock split?? will try to load some on weakness.... labroy has the backyard n expertise... jus need more orders to come, i certainly hope so
CIMB-GK has raised its target price to $2.40 from $2.13. They reiterated their views that Labroy would soon have 6 rigs under construction instead of 4.
consolidation is always the platform to greater height.... any TA experts to offer advice on the level that labroy will likely be consolidating.... hoping for some px weakness to enter again
agree, with the current order for a newbie in oil rig is very amazing, however, the price wont go up forever, the chart is looking toppish and i believe a correction may be due before comsolidating and move to $3 region.
3x in a year... looks like 2007 will be exciting for labroy... their backyard in batam can cater to more new orders... another 2-3x, hope to see labroy ride thru the high tides
Its new order to date are valued at $1.36b, 3x the $454m value of the orders it won last year.
With the new contracts, Labroy has secured orders of four jack-up rigs from Standard Drilling worth a total of US$599m and they bring Labroy?s total order book to a new record of $1.84b.
DBSV has raised its target price to $2.50 from $2.40 as it expects stronger earnings after the company secured new contracts from Norway's Standard Drilling ASA.
Labroy said Standard Drilling has exercised its option to order the third and fourth jack-up rig at a contract value of US$153.5m each, which is a 5% premium to the first two job orders.
"We expect margins for these two contracts to be higher given higher contract price and economies of scale as it overcomes the initial learning curve," DBSV said in a note.
Consequently, the brokerage increased its net profit forecasts for 2007 and 2008 by 15% to $119.2m and 19% to $140.9m, respectively. It kept its 2006 forecast at $69.2m. Labroy reported net profit of $54.6m for 2005.
"Potential catalyst for re-rating will come from new jack-up orders from offshore drilling operators," said DBS Vickers which has a "buy" call on the stock.
KE say it's at a discount to peers and believe it should trade at a min of 19x FY07 PE. Hence, it has revised its target price from $2.43 to $2.75.
These upgrades should propel the price above $2.00.
Price has factored in its earnings six months or more ahead, including the effect of the good news released today that was hinted at in the media not long ago. The new business will not affect the earnings per share and NTA per share in the current year, according to its announcement. Once the good news is confirmed, the contra players will rush for the exit.