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Q2 results should be releasing after market closes today or very soon. Hope for a good report as a catalyst for this stock!
The cabotage law has been enforced since 1 January 2013. Just wonder how much effect it has on the bottom line of Marco Polo Marine? Anyone has information on MPM subsidiary BBR? 1QY13 earning?
Octavia ( Date: 23-Feb-2013 11:44) Posted:
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just waiting i bgt few lots and still waiting for the right time... maybe is after result release the can see some uptrend as they will really benefits from the subsidiary BBR under cabotage law.
MPM Chairman had indeed been buying consistently and his latest buy is on 14/3, 500 lots at 43cts.
The stock may not have big movement but it had quietly formed a higher low last week. if this week break above 44cts, uptrend will continue.
MPM economic moat is its indonesian flagged support vessels that are serving the lucrative Indon oil industry. Since 1 Jan 2013, Indon govt had only allowed under its cabotage law, Indon flagged SV to operate in its water. MPM through its subsidiary BBR is in a sweet spot.
Other than the above securities firms like Phillips, OCBC are major shareholders in MPM. Their holdings and other major shareholders can be see in the latest MPM annual report.
Strange that nobody mentioned this...
Mr. Lee Wan Tang, Chairman of Marco Polo Marine, purchased 1,000,000 shares at a price of 42c per share on 19 February 2013. And he has been doing that consistently for the past year, upping his interest in the company by ~ 9,000 lots.
See more at: http://thefinance.sg/2013/02/20/marco-polo-marine-insider-buying-continues/
Persistent insider buying = good news for share holders :) Am vested with a few lots.
0.50 when?????
No volume for very long time liao.
Come 50 cents....
Thanks for the info.
Octavia ( Date: 23-Feb-2013 11:44) Posted:
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Marco Polo Marine: Generating Growth Through Offshore Oil & Gas Exposure And Publicly-Listed Indonesian Subsidiary
Read more:http://www.sharesinv.com/articles/2013/02/22/marco-polo-marine-generating-growth-through-offshore-oil-gas-exposure-and-publicly-listed-indonesian-subsidiary/
haiz...I think ultimately people now go for short term punting instead of looking at FA. This counter is going back to where it is ...no interested buyers = no price jump
http://sgx.i3investor.com/servlets/ptres/3650.jsp
Technical capabilities top in class. MPM's shipyard has delivered AHTS vessels with sustained bollard pulls averaging 15% in excess of the norm. Impressively, it recently outfitted a DP-3 vessel - a milestone usually reserved for established large yards. For a small company, this level of technical competence is remarkable. We like small companies with superior capabilities - these tend to appreciate strongly over the long term.
James, to me ASL Marine is also undervalued like Marco Polo. At today's ASL closing price 72ct, PE 9.4X, NAV 88cts,.......looks good, got potential to rise further.
Target price: OCBC: 82ct / DBS: 90c, citing more room to grow / CIMB: 85c. (All 3 TPs were issued recently: Nov, Dec and Jan 2013.)
Think u shd hold ASL, no point switching to ezra or swiber.
Shipping stocks seem to be in the limelight this year, all the best to u!
Laggards in shipping, offshore marine/gas seem to be in focus since Nov, but personally i'm weary of swiber and ezra, bcos do u know they hv very high net gearing? 135% and 110% respectively! (according to UOBKH report this month). ASL with 52.9% gearing looks tame compared to the 2 above.
Howevr, you may decide to switch boat, from an underperforming stk to one that is rallying now. How we play depends on each individual's strategy, conviction and risk appetite.
james87 ( Date: 11-Jan-2013 10:28) Posted:
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uh oh. Just vested. Annual report despatch has not been uploaded yet. Is it bad news.?
is this a case of sell on news??
Hi steadylar. Yea thanks. I'm looking to channel some of my funds to swiber with low PE and larger market cap as compared to ASL. What do think?
steadylar ( Date: 11-Jan-2013 10:11) Posted:
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Shipping stks on a roll! cosco, yzj, nol.... Marco polo vroom! James, your asl marine is also in the right sector, congrats!
patience ...
get ready to charge with this counter...
oh my mistake, sorry, should be 42.5, must be dreaming abt collecting profit at 62.5 ! oh boy, hopefully soon...