Seatrium    Last:0.091   -

Sembmarine

DBS V has reiterated few times a 'buy' (Target Price 3.70) for this stock.  :)

 

sorry wrong window. its suppose to be for aus group!

anyway im in for this at 2.31 . does it mean the bb are accumulating and the price will be up further?

wangweii1122      ( Date: 17-Sep-2009 19:29) Posted: hi, im new to trading and i bought this share. should i hold it as i wasted in at .765 :(

 

hi, im new to trading and i bought this share. should i hold it as i wasted in at .765 :(

 

This trick has been used over and over and in many counters.

pharoah88      ( Date: 17-Sep-2009 16:43) Posted: Today, Thursday: 17 September 2009, someone is using a Cornering Trick to Load UP SembMarine shares at lower prices. Check out the QUEUE TRACK and you will see the total picture. At every price point, e.g. S$2.36 BUY QUEUE, computer is programmed to sell 1,000 shares every second at S$2.36, NON-STOP like machine gun sprays.  While the SELL QUEUE is S$2.37, sellers in the QUEUE and other sellers NOT-IN-THE-QUEUE are influenced by FEAR to dump their shares at the lower price of S$2.36 instead of the SELL QUEUE price of S$2.37. In this way, the BUY QUEUE at S$2.36 is cleaned up and the Next BUY QUEUE at S$2.35 will come up.  This time, the 1,000 shares per second sprays continues at S$2.35.  Other sellers get more FEAR and dump their holdings at S$2.35.  Soon the S$2.35 BUY QUEUE is wiped clean. The same repeated at S$2.34 and then S$2.33 and so on. This Trick creates FEAR in getting SELLERs to dump their shares at the BUY QUEUE price for evrey price point.  As each price point is WIPED CLEAN, the QUEUE BUY is buying at lower and lower prices. After this guy has accumulated enough shares, then the market is allowed to return to normal for the price to RISE. CHECK IT OUT. DON'T be TRICKED into dumping your holding at lower and lower prices. This is NOT SHORTING but one way to drive the prices down with FEAR so that the buyer gets to buy Large Quantity repetitively at the QUEUE PRICE which the buyer had QUEUED UP EARLIER.

 

Today, Thursday: 17 September 2009, someone is using a Cornering Trick to Load UP SembMarine shares at lower prices. Check out the QUEUE TRACK and you will see the total picture.

At every price point, e.g. S$2.36 BUY QUEUE, computer is programmed to sell 1,000 shares every second at S$2.36, NON-STOP like machine gun sprays. 

While the SELL QUEUE is S$2.37, sellers in the QUEUE and other sellers NOT-IN-THE-QUEUE are influenced by FEAR to dump their shares at the lower price of S$2.36 instead of the SELL QUEUE price of S$2.37.

In this way, the BUY QUEUE at S$2.36 is cleaned up and the Next BUY QUEUE at S$2.35 will come up.  This time, the 1,000 shares per second sprays continues at S$2.35.  Other sellers get more FEAR and dump their holdings at S$2.35.  Soon the S$2.35 BUY QUEUE is wiped clean.

The same repeated at S$2.34 and then S$2.33 and so on.

This Trick creates FEAR in getting SELLERs to dump their shares at the BUY QUEUE price for evrey price point.  As each price point is WIPED CLEAN, the QUEUE BUY is buying at lower and lower prices.

After this guy has accumulated enough shares, then the market is allowed to return to normal for the price to RISE.

CHECK IT OUT.

DON'T be TRICKED into dumping your holding at lower and lower prices.

This is NOT SHORTING but one way to drive the prices down with FEAR so that the buyer gets to buy Large Quantity repetitively at the QUEUE PRICE which the buyer had QUEUED UP EARLIER.

 

 

 

 

 

 

 

Sembcorp Marine
(BUY; $3.12; Price Target: 12-month S$3.70; SMM SP)

Hiccup to be easily resolved

• SMM terminates Petroprod’s jackup rig contract.
• Cash collection on the jackup rig is in line with work done to-date.
• There are ready buyers for the jackup rig.
• Maintain BUY. Target price of S$3.70 (+19%).

SMM terminates Petroprod’s jackup rig contract. Sembcorp Marine’s (SMM) 100%-owned subsidiary, Jurong Shipyard Pte
Ltd, has terminated its jackup rig construction contract with Petroprod D&P I Ltd. Petroprod has missed its milestone
payments in the last 2-3 months, and SMM has now exercised its contractual rights.

Cash collection is in line with work done to-date. SMM has collected 50% of the Petroprod contract value in cash to-date.
The revenue recognized to-date is also 50% of the contract value, in line with the work done to-date. Note that SMM has
prudently not recognized any profits that could have arisen from this newbuild contract. The initial value of this contract is
US$442m.

Ready buyers for the jackup rig. SMM has received enquiries on the newbuild jackup rig, which is a harsh environmentdrilling
rig (based on the proven MSC CJ70 design) that can operate in the Norwegian North Sea. Notwithstanding that
SMM has no contractual obligation to return excess money (vs. construction cost incurred to-date) to Petroprod, we believe
SMM would be able to find buyers for the rig at near initial contract value.

No change to earnings estimates. We are keeping our recurring net profit forecasts at S$516m in FY09 and S$553m
in FY10, as SMM is going ahead with the construction of the jackup rig. Our earnings model has already factored in about
US$541m worth of contracts that may be cancelled, and this is more than sufficient to cover the worst-case scenario for the
coming rig sale.

BUY SMM. Our target price for SMM stays at S$3.70, using SOTP valuation metric. Maintain BUY.

DBS Group Research . Equity 2 September 2009
 

 

Hi Jeremyow and Sureesh,

Thanks for your reply to my post. I'll monitor the future developments. 

Cheers.

jeremyow      ( Date: 29-Aug-2009 01:55) Posted: Check it's financial records and track record for last few years. It has been making good progress on it's revenue and net profit. It has a net cash position evident of the strong earnings power of an established company that keeps churning out good amounts of cash from it's operations. It is also one of the world largest oil rig builder next to Keppel Corp. However, one thing I noticed is that their profit margin is rather on the low side suggestive of the high capex for such O&M industry players.  <This is not a call to buy or sell it's shares. Pls dyodd and continue monitoring for future developments of the company.>    thulasiappan      ( Date: 24-Aug-2009 15:45) Posted: Hi experts, I am new to the stock market and as well as to this forum. I am holding this sembmarine stock.  Is it advisable to hold this counter or sell it. Can any one give some advice. Thanks in advance.

 

Updated: 1st September 2009, 1835 hrs

Sembcorp Marine unit terminates contract for jack up rig

Sembcorp Marine says its unit, Jurong Shipyard, has terminated its contract with Petroprod D&P for the construction of a jack-up rig. It says this is because it hasn't received milestone payments due under the contract. The rig is a harsh environment drilling rig and is one of the world's largest jack-up rigs. Sembcorp Marine says there are buyers who have shown interest in this project. It adds that Jurong Shipyard is confident that it'll receive all amounts it should have earned under the contract upon the sale of the rig. The company doesn't expect this to have material impact on its earnings for the current financial year

 

Check it's financial records and track record for last few years. It has been making good progress on it's revenue and net profit. It has a net cash position evident of the strong earnings power of an established company that keeps churning out good amounts of cash from it's operations. It is also one of the world largest oil rig builder next to Keppel Corp. However, one thing I noticed is that their profit margin is rather on the low side suggestive of the high capex for such O&M industry players. 

<This is not a call to buy or sell it's shares. Pls dyodd and continue monitoring for future developments of the company.>   

thulasiappan      ( Date: 24-Aug-2009 15:45) Posted: Hi experts, I am new to the stock market and as well as to this forum. I am holding this sembmarine stock.  Is it advisable to hold this counter or sell it. Can any one give some advice. Thanks in advance.

 

Dear Thulai

I don't think you have anything to worry about. The price of the stock will be volatile because the price of oil is volatile.

But the general trend for this stock is up. Once the stock markets are certain that the recession is over and economic growth returns , this stock will rise. Morever sembmarine is tendering for rig projects in Brazil, if they are sucessful, it would be good for their share price.

I think in 2 or 3 years time their share price will reach $ 6 or more. This is just my opinion.

thulasiappan      ( Date: 25-Aug-2009 00:21) Posted:   Hi Sureesh, Thanks for your reply. I bought it at $2.83 exactly a month back. I too feel that this stock is good for long term investment. But some times I'm bit scared when it drops quite fast. Last week market confused me a lot. I have to wait and see how this week the markets performing.   sureesh40      ( Date: 24-Aug-2009 16:27) Posted: Dear Thulai Can we know at what price you bought this share. Actually this company is  good long term investment. But you have to monitor the price of oil. When oil goes above $100 a barrel, better watch out and rethink if you want to keep or sell.

 

 

Hi Sureesh,

Thanks for your reply. I bought it at $2.83 exactly a month back. I too feel that this stock is good for long term investment. But some times I'm bit scared when it drops quite fast. Last week market confused me a lot. I have to wait and see how this week the markets performing.  

sureesh40      ( Date: 24-Aug-2009 16:27) Posted: Dear Thulai Can we know at what price you bought this share. Actually this company is  good long term investment. But you have to monitor the price of oil. When oil goes above $100 a barrel, better watch out and rethink if you want to keep or sell. thulasiappan      ( Date: 24-Aug-2009 15:45) Posted: Hi experts, I am new to the stock market and as well as to this forum. I am holding this sembmarine stock.  Is it advisable to hold this counter or sell it. Can any one give some advice. Thanks in advance.

 

Dear Thulai

Can we know at what price you bought this share. Actually this company is  good long term investment. But you have to monitor the price of oil. When oil goes above $100 a barrel, better watch out and rethink if you want to keep or sell.

thulasiappan      ( Date: 24-Aug-2009 15:45) Posted: Hi experts, I am new to the stock market and as well as to this forum. I am holding this sembmarine stock.  Is it advisable to hold this counter or sell it. Can any one give some advice. Thanks in advance.

 

Hi experts,

I am new to the stock market and as well as to this forum. I am holding this sembmarine stock.  Is it advisable to hold this counter or sell it. Can any one give some advice.

Thanks in advance.

 

You should read the fine print below on their report.

niuyear      ( Date: 21-Aug-2009 16:47) Posted: Yeah you are right about MFT.  But, i just read it and use as a guide and usually, will wait for few days to monitor stock price before i buy or i dont buy at all if not sure. Reason for me to post because i happen to read this report and when i just logged on, this stock appeared within  the top 15 stock when i logged on.    p/s - Those MFT's report if always bullshit, should report them to some authority to take action. des_khor      ( Date: 21-Aug-2009 16:32) Posted: Do you know why?? Because they are MFTs and talk big no need capitals one! If the counter strike TP , everyone will say they are so great! Instead the counter fall despite their call , they will not lose out anything also and time will dilute memories. Just example below: NOL lost half SGD B on half time and certain MFTs still can up TP . In contrast Cosco profit down 70% despite the challenging enviroment and still maintain profitable , some MFTs down TP ?? Ahaha..really make my toes laugh!

 

Yeah you are right about MFT.  But, i just read it and use as a guide and usually, will wait for few days to monitor stock price before i buy or i dont buy at all if not sure.

Reason for me to post because i happen to read this report and when i just logged on, this stock appeared within  the top 15 stock when i logged on.   

p/s - Those MFT's report if always bullshit, should report them to some authority to take action.

des_khor      ( Date: 21-Aug-2009 16:32) Posted: Do you know why?? Because they are MFTs and talk big no need capitals one! If the counter strike TP , everyone will say they are so great! Instead the counter fall despite their call , they will not lose out anything also and time will dilute memories. Just example below: NOL lost half SGD B on half time and certain MFTs still can up TP . In contrast Cosco profit down 70% despite the challenging enviroment and still maintain profitable , some MFTs down TP ?? Ahaha..really make my toes laugh! niuyear      ( Date: 21-Aug-2009 16:22) Posted: DBS vickers got a 'buy' for this at TP 3.70.  Though the share price might be affected by US$ movements, but , FA wise, the call looks reasonable.  I have so far observed their analysts' reports on few stocks and found the performance of stocks results not too far away from their report.  e.g - DBS's has rating of 'neutral' call for SMRT at tp $1.65 and now it is trading at 1.66.

 

Do you know why?? Because they are MFTs and talk big no need capitals one! If the counter strike TP , everyone will say they are so great! Instead the counter fall despite their call , they will not lose out anything also and time will dilute memories.

Just example below:

NOL lost half SGD B on half time and certain MFTs still can up TP . In contrast Cosco profit down 70% despite the challenging enviroment and still maintain profitable , some MFTs down TP ?? Ahaha..really make my toes laugh!

niuyear      ( Date: 21-Aug-2009 16:22) Posted: DBS vickers got a 'buy' for this at TP 3.70.  Though the share price might be affected by US$ movements, but , FA wise, the call looks reasonable.  I have so far observed their analysts' reports on few stocks and found the performance of stocks results not too far away from their report.  e.g - DBS's has rating of 'neutral' call for SMRT at tp $1.65 and now it is trading at 1.66.

 

DBS vickers got a 'buy' for this at TP 3.70.  Though the share price might be affected by US$ movements, but , FA wise, the call looks reasonable.

 I have so far observed their analysts' reports on few stocks and found the performance of stocks results not too far away from their report. 

e.g - DBS's has rating of 'neutral' call for SMRT at tp $1.65 and now it is trading at 1.66. 

 

Hi Cheongwee,

Hard to believe that Sem Marine will drop to 1.5 again. Fairy tale of Mr Obama would has been vanished.

cheongwee      ( Date: 05-Aug-2009 16:00) Posted: this one bought at lelong px of 1.5 in march and sold in june 3.08..then go into mid cap and penny. you shd have bought and long this one at 1.5.... but dont worry, i think you still got chance to buy at 1.5 and below...i am 70% sure only right now.

 

Drop so much after XD..

 

OK, done. thanks.

178investors      ( Date: 05-Aug-2009 16:38) Posted: just like in joochiat, you pay premium for lesser experience... so with mother and daughter here. Imho, both mother and daughter are attractive. If you have bullets, go for both. IF bullet enough for one only,  a better  choice is the mother (of course she's older but more experience/and stable.) Market is currently not realizing the full values of her other valuables that she possess. Sorry, no time to go into more details. Good luck.