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Looking at the chart, those insiders had shorted big time right from 1.70!
For those who had bought high, do not sell indiscriminately. Those who shorted will have to cover. They will have to cover higher if you withhold your supply of shares.
jamesng ( Date: 16-Nov-2012 12:32) Posted:
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a technical rebounce indeed. it may move up from here..
New123 ( Date: 16-Nov-2012 12:02) Posted:
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Will not fall in straight line......any rebounce is a good time to sell......
My personal view, likely to be wrong
i think 1.26 will be a strong support..it may hv a technical rebounce..
This falling knife is sharp. Stay clear for the time being. In my watchlist liao. Good luck.
I think it is getting lower....this stock up and down very fast....
IPO only 79 cents and it is a cyclic stock.....easier to access value when sale of stke is done......for some reasons, dividend had been good, but not sure if the dividend can be maintained.....
happy loading somemore this morning.
intend to hold it, prices will recover for sure, it happened many times.
happy loading somemore this morning.
intend to hold it, prices will recover for sure, it happened many times.
Based on technical, next support level is around 1.25 -1.275. I wont be surprised the gap at 0.915 be closed if the US fiscal cliff crisis and EU debt crisis haunt again the market in the coming weeks.
ray.chan ( Date: 15-Nov-2012 17:12) Posted:
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No, please.
ray.chan ( Date: 15-Nov-2012 17:12) Posted:
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Any advice fr the expert whether can buy in at current closing price for 2morow ??
Price drop alot today.
good advise. still can go lower.
still early days..
s100125 ( Date: 15-Nov-2012 11:35) Posted:
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Very happy to load up cheaply this morning from all kangchiong spiders.
Will surely recover wan.
| Downgrade on stake sale risk | |
| SOH SP / STXO.SI | NEUTRAL - Downgrade | Share Price S$1.50 - Tgt. S$1.47 | |
| Offshore & Marine | - by Zhi Bin YEO | |
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| SOH delivered a decent 3Q, achieving a 13.6% EBITDA margin despite the drag from its Brazilian operations. However, we are turning cautious on the company on stake sale risk. We believe that a deal could be transacted in the near future at current market prices. At 21% of our FY12 (9M at 71%), 3Q was broadly in line with both our and consensus expectations. We expect a stronger 4Q.We trim our FY12 EPS by 2% as we dampen margins. Though our view on the industry and the company is largely unchanged, we downgrade the stock to Neutral on stake sale risk. We also shave our target price, now based on blended valuations (previously 11x CY13 P/E). |
If sale of stake not successful, what will happen?
Is tagging the share price to the company's quarter performance accurate? What happens if there is no delivery of vessels for the quarter? No revenue? This is absurd!
situation similiar to SembMarine....has kepcop report it result?
Prepare for gap down tomorrow....
Disappointing results. Hope you guys are not vested.
http://stxosv.listedcompany.com/newsroom/20121114_171619_MS7_9C5D7CF9DF53935048257AB6001F299D.1.pdf
http://stxosv.listedcompany.com/newsroom/20121114_171123_MS7_5D2430F2B420E3CB48257AB6001F04E6.1.pdf
Financial and Operating Review
STX OSV generated revenue of NOK 2,457 million for 3Q 2012, representing a 27% decrease from
the same period in 2011 (“3Q 2011”), mostly due to normal fluctuations in the project portfolio.
Revenues for 9M 2012 declined 7% from the same period in 2011 (“9M 2011”) to NOK 8,605 million.
The Group’s EBITDA margin (EBITDA to total revenue) came down from an exceptionally high base of
17.6% in 3Q 2011 to a still healthy 13.5% this quarter, reflecting generally stable operations
particularly in Norway, Romania and Vietnam. The company’s cash position remained strong during
the third quarter. Cash and cash equivalents stood at a solid NOK 2,347 million as at 30 September
2012 after taking into account payment of a 13 cents per share special interim dividend during the
quarter.
STX OSV witnessed good yard utilization and productivity in Norway and Romania. In Romania the
shipyards are running at high load, and an investment program that is underway to improve efficiency
and throughput is progressing smoothly. In the Vietnam yard, workload is sub-optimal and is likely to
remain so during parts of 2013. The recent slow-down in new orders is also likely to lead to periods of
under-utilization in Norway next year