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WITH NAMCHEONG STXOSV KEPPEL SEMBMAR BAKERTECH rising to record high
Some may have overlook past darling like PENGUIN.
Penguin rally from $0.076 to $0.084 highest......could be potential news brewing.
asset sold got money, how to spend ?
Penguin: Commencement Of Legal Proceedings Against Wartsila Ship Design Norway AS.
Penguin International Limited wishes to update shareholders that Penguin Shipyard International Pte Ltd, a wholly-owned subsidiary of the Company, has filed a Writ of Summons and Amended Statement of Claim in the High Court of Singapore against Wartsila Ship Design Norway AS, a company incorporated in Norway, in connection with the termination of shipbuilding contracts for the construction of two Safety Standby Rescue Vessels. In the Suit, PSI has claimed against Wartsila for loss and damage suffered by PSI in connection with the Contract Termination...Attachments:
Net profit of $11.4million on revenue of $23.9 million in 1Q of 2011
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_055F3C202CD758CC4825788D00494235/$file/Penguin_1Q2011_Press_Release.pdf?openelement
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_055F3C202CD758CC4825788D00494235/$file/Penguin_1Q11_results.pdf?openelement
Thanks for the various updates.
Interesting volume today.
heard that they will take legal action for the contract cancellation since early aug but till now, there's still no news. For your info, they lost 7million of earning becos of this cancellation EPS from 1.13cents drop to -0.06cent.
At the current market price now, they are still good...
Biz, a ferry n charter svcs , repairs n maint boat bldg coy. Its ferry services foot print covers M East, n partial EU. Those old days its well know in local, for mainland to Tekong, Sentosa etc, esp the bridge fr mainland to Sentosa not built yet.
Its 1H10 revenue dropped 19.6% due to drop in revenue fr shipbuilding biz following d completion a pjt, as well as revenue reversal fr termination of shipbuilding contracts. Co registered loss of 22.4mil fr a profit of 1.5mil in 1H 09, mainly attributed to d termination of shipbuilding contracts fr clients. Not active in trading vol, at time, only 50 lts changes hand. But sees 6295 lts done on 1 Sep. Last week, sees 3K lts on 8 n 9 Sep settled. A slow moving counter bt 0.12-0.13 over weeks.
This is one of the counters I have identified as a multi bagger among others, so far only this one is a great disappointment.
It has a long histroy in their business, new management re structure the model to bring it to greater height, healthy balance sheet, etc.
Will monitor it further. Anyone into this counter or have studied its financial in details, pls feel free to share.
Thanks.
prestige ( Date: 13-Sep-2010 21:25) Posted:
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Thanks
Very disappointed with this counter. Thot it was going to take off with the spin off , venture into shipbuilding, middle east etc
Was hoping it was another labroy.
No Updates...
No Potential also...
Even when the entire world is rising like nobody's business, this counter don't even move.
This already tells you this counter is not worth holding.
However, at this moment, I also don't know what you can Buy. Most good counters have already moved up.
prestige ( Date: 13-Sep-2010 12:35) Posted:
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any updates on this counter ?
long term potential ?
Thanks.