Penguin Intl
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Happy Feet: A new offshore marine play ??
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PRESS RELEASE - PELICAN OFFSHORE ACQUIRES AHTS
Specially Noted: About Penquin Boats International Limited.......!!!
This one look very attractive model for expansion......
, worth watching...ya !!!. Vested. Hopefully spin off with an IPO offer 1 free for 10, better still 1 free for 5 held.
QUOTE: Through a dividend-in-specie and
separate listing on Sesdaq.
Proposed spin-off of Penguin Shipyard International shares through the dividend-in-specie amounting up to S$2.3m from utilization of S44A tax credits. Penguin shareholders could receive ?free? PSI
Penguin will hold 30-40% of PSI after the spin-off.
NR targets $0.42!!!!!!!!!!!
Strengthening of order book and expansion of
offshore chartering fleet to power earnings growth
and due for delivery in 4Q07 to ride on buoyant
charter rates. In talks to acquire their 3
2008 and possibly building new units of AHTS.
Acquired a 2nd AHTS, currently being built in Chinard AHTS by
(?PSI?) through a dividend-in-specie and separate
listing on Sesdaq.
Proposed spin-off of Penguin Shipyard International
shares through the dividend-in-specie amounting up
to S$2.3m from utilization of S44A tax credits.
Penguin will hold 30-40% of PSI after the spin-off.
Penguin shareholders could receive ?free? PSI
(+40%), to account for 70% of S$41m worth of
orders to be recognized this year.
We raised shipyard revenue estimate to S$28.7m
than previous at S$45.6m, supported by stable
ticketing revenue and improving charter and
utilization rates of offshore vessels and ferries.
Ferry and chartering revenue estimate is 2.7% higher
support a 31.7% Y/Y EPS growth in FY07, after
dilution effect.
Order book and positive outlook for charter rates
derived from 0.47x PEG. From current price, the
stock provides a potential 18% upside.
42 cts target price based on 29.4x 07/08 blended PE,
from a 3
FY08 onwards. Also, completion of Batam shipyard
by 3Q07 bodes well for Penguin amidst the shipyard
capacity crunch and increase in vessel building
activity. These suggest a potential for more upside.
Gains from sale of vessels and potential revenuerd AHTS have not been factored in from
see this. Another big purchasing power deals...0.37ct price certainly well supported at Bid price.
U never know signal come so early in the morning.....from those BBs
It has shipbuilding activities in Batam and in in Dubai, if i am wrong , pls correct me...happy trading..read that Netsearch has a recommend TP of 0.42 cents or a 18% upside since from d date they recommended this stock..
Penguin...seem to be strong supported from 0.37ct....Any news that they might 1 2 IPO off their Subsidairy..firm in their ship building activities....
some new developments.... is this good news??
Penguin Boat International - Second of its kind
Penguin Boat International says that its Pelican Offshore Services has bought a new Anchor Handling Towing and Supply vessel (AHTS) in China.
The vessel is a 55-metre BHP AHTS and is the second AHTS vessel under Pelican Offshore. It will be completed by Q4 this year.
It did not mention how much this vessel was bought at but it will be funded through internal resources and bank borrowings
Penguin's uptrend channel is very tight now..Trade with cation if you are not in the trade yet..
If price can break and close above 35 cents with heavy volume it might surge higher but be cautious if not..
I would place a stop loss of 33 or even 33.5 cents at the uptrend channel support line..
Penguin looking to break all time high anytime...Uptrend is very strong....
Are you sure can go so high? 0.725?
CUT Q LIAO
Quote:
Originally Posted by Wee153
BUY Q GROWING AND GROWING... 0.35 MIGHT NOT HOLD ON FOR LONG ... SLOWLY BREACHING LIAO CONFIDENT
CUT Q LIAO CANNOT WAIT TOO LONG Q AT 0.345 GOING IN XXX,XXX AT 0.35
GET IN THE GAME AGAIN LIAO
BB COMING IN TO PUSH THE PRICE UP TGT 0.725 ... RUBIN U VESTED YESTERDAY AT 0.335?
THINK GOOD NEWS COMING ....
SO THEY (BB) PUSHING THE PRICE UP ..ACCUMULATION PERIOD IS OVER ....
seems like lots of retail players selling to BBs
haha yea. back to serious topic after that diversion. :P
penguin techs, for short term (ie, rest of the week, esp tmrw):
Looks to be peaking. Distribution going on, actually. a lot of retail buy ups; likely a lot of margin players: time of sales for buys are erratic, a clue that it is different small fries being gungho, rather than concerted buys by BB. Supported by a/d and c/o being down since 13th june.
candlesticks show that it's at a plateau: tmrw likely to be up, a gap up at opening, but not likely to be sustainable. upward momentum is actually weakening.
Actually, today's chiong for all counters needs to be discounted. This is likely a bull trap. I know it sounds like a wet blanket, but do be cautious.
Haha. Everyone just loves victorian secrets and the this cute little penguin.
Don't we?
Back to topic.
Today broke 0.34 but did not hold at 0.35.
Looks like we have to wait till DBZ finish bond conversion before they open the flood gates again?
Wonder if tomorrow will lau hong for pple to collect or cheong pass 0.35.
yeah. let's keep this 'gold standard' forum clean .
and also, let's keep these sideline comments in the fellowship thread.
least we cause distraction to the main purpose of this thread
more serious forummers might frown on us ! hahaha !
haha, i see mister adrianpang is into bdsm eh. :P
and erm. for a sister to imagine her bro in S&M fixtures, there's only one word for it....incest.
cmi. o_0
in any case, we'd better keep this forum clean; don't want dear old SJ to get into trouble....
aiyah, relax lah. new kantangs, elfie will come up with catchy names for them (hm, come to think of it, might not be wise to use VS name, wait kena sued by the real VS people...)...btw, happy feet was what i told vic to name the counter, actually. cute, huh? keke.
act, i call the techs for all his kantangs, whether i post in the thread or not. it's for his reference tho, so unless i'm in that kantang, i dun post out the techs (can't take his limelight after all, his kantangs. keke); let him do the work. hahahaha! eg, i've called techs for him for pohtc as well. not to mention happy feet. not in these counters myself tho, but happy for those who made it! :)
k, time for dinner, cya all! :)
baseerahmed,
Relax man. I'm all for the naming of this new thread - Victorian's Secret........... damn cool, man! It's all about marketing...... give a new product a name that really rings a bell (wow, I'm liking the image already)!! and it will sell!!!
Elfie,
Just to stretch a little further.................imagine your gege in S&M fixtures.........Now that image will definitely stay in your head, unfortunately.........keke
Vic, no offence meant hor!!! Just helping you to release work-related stress especially for the next 2 days, obviously making jokes at your expense!!!! keke
pressrelease26.6.07.pdf