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Sembmarine

Back to $5.50 !

sgnewbie      ( Date: 04-Jun-2012 09:32) Posted: http://sgxreports.blogspot.sg/2012/06/sembmar.html

 

ya is better to play small in this kind of mkt. afternoon may be going down again..

rotijai      ( Date: 06-Jun-2012 11:50) Posted: always play small if ur hand is itchy to trade... if not just wait for a bigger cycle :) yiming2000      ( Date: 06-Jun-2012 11:44) Posted: Friend blueberry, I am glad you are concerned about me. We should be concerned about each other. My main counters were Sembmar, Kepland, Biosensors, STVOSX. I bought them to try for dividends and they all gapped down after ex-date. (Now, I know!) Luckily I chucked them all and didn't lose much. Just $200 net loss only and didn't get dividends. Only got caught with Biosensors losing $5,800 (paper loss).

 

always play small if ur hand is itchy to trade...

if not just wait for a bigger cycle :)

yiming2000      ( Date: 06-Jun-2012 11:44) Posted: Friend blueberry, I am glad you are concerned about me. We should be concerned about each other. My main counters were Sembmar, Kepland, Biosensors, STVOSX. I bought them to try for dividends and they all gapped down after ex-date. (Now, I know!) Luckily I chucked them all and didn't lose much. Just $200 net loss only and didn't get dividends. Only got caught with Biosensors losing $5,800 (paper loss).

 

Friend blueberry, I am glad you are concerned about me.

We should be concerned about each other. My main counters were Sembmar, Kepland, Biosensors, STVOSX. I bought them to try for dividends and they all gapped down after ex-date. (Now, I know!) Luckily I chucked them all and didn't lose much. Just $200 net loss only and didn't get dividends. Only got caught with Biosensors losing $5,800 (paper loss).

 

 

Semb Marine has been buying quite a lot of their own shares these past few days. Check out SGX sompany announcements.

Jackpot2010      ( Date: 05-Jun-2012 21:30) Posted: Will history repeat itself this October 2012? So scary, another 4 mths time will know.... Oct 28 2008 = $1.01 Oct 4 2011 = $2.82

 

Will history repeat itself this October 2012? So scary, another 4 mths time will know....

Oct 28 2008 = $1.01

Oct 4 2011 = $2.82 

 

Btw, Sembmar is now trading below 50/100/200D MA support. Be careful, friend.

blueberry      ( Date: 05-Jun-2012 06:24) Posted: Dear Yiming, I am not vested in SembMar at the moment. I am just concern about you. I realise your previous investment in some counters were with losses. Yes, you may have 金 山 银 山 ， your money is none of my concern. But, I dunno why I feel painful. Good luck. yiming2000      ( Date: 04-Jun-2012 23:54) Posted: Friend blueberry, $3.60 is Kim Eng's entry point recommendation. Actually, my own entry point is Oct 2011 low at $3.00. So, at $3.60, I will be watching closely to see if euro crisis can get worse than last Oct. If so, price can drop below $3.00. Are you vested? How many lots and what was your entry price? I bought 10 lots at $5.27 to get $2000 dividend and when it dropped after ex-date, I chucked it at $5.08 and suffered net loss of only $200. Good experience. I will never try for dividend again.

 

Dear Yiming, I am not vested in SembMar at the moment. I am just concern about you. I realise your previous investment in some counters were with losses. Yes, you may have 金 山 银 山 ， your money is none of my concern. But, I dunno why I feel painful. Good luck.

yiming2000      ( Date: 04-Jun-2012 23:54) Posted: Friend blueberry, $3.60 is Kim Eng's entry point recommendation. Actually, my own entry point is Oct 2011 low at $3.00. So, at $3.60, I will be watching closely to see if euro crisis can get worse than last Oct. If so, price can drop below $3.00. Are you vested? How many lots and what was your entry price? I bought 10 lots at $5.27 to get $2000 dividend and when it dropped after ex-date, I chucked it at $5.08 and suffered net loss of only $200. Good experience. I will never try for dividend again.

 

Friend blueberry, $3.60 is Kim Eng's entry point recommendation. Actually, my own entry point is Oct 2011 low at $3.00. So, at $3.60, I will be watching closely to see if euro crisis can get worse than last Oct. If so, price can drop below $3.00.

Are you vested? How many lots and what was your entry price? I bought 10 lots at $5.27 to get $2000 dividend and when it dropped after ex-date, I chucked it at $5.08 and suffered net loss of only $200. Good experience. I will never try for dividend again. 

 

yiming, why $3.60? Last oct2011 hit   $3.05. You think will rebound from $3.60?

yiming2000      ( Date: 04-Jun-2012 10:02) Posted: Good call. It's down 41 points. I am sitting on the sideline waiting for Sembmarine to go down to $3.60. What about you? New123      ( Date: 02-Jun-2012 23:57) Posted: Mon sti may be down 50 pts. I think Sembmarine can easily down at least 15 cents...

 

Good call. It's down 41 points. I am sitting on the sideline waiting for Sembmarine to go down to $3.60.

What about you?

New123      ( Date: 02-Jun-2012 23:57) Posted: Mon sti may be down 50 pts. I think Sembmarine can easily down at least 15 cents...

 

http://sgxreports.blogspot.sg/2012/06/sembmar.html

 

SMM / Swiber: SMM’s Indonesian subsidiary, PT SMOE Indonesia, in consortium with Swiber’s JV PT Rajawali, has secured a contract worth US$175m from Premier Oil Natuna Sea, for the engineering and construction of 2 Wellhead Platforms, 2 infield sub-sea pipelines and modification works on an existing facility for the Naga and Pelikan Project, offshore Indonesia.

Construction is expected to commence Jul ’12 with offshore completion by Sep ’13. SMM’s scope of work, worth US$63m, entails engineering design and construction of the 2 platforms and modification work on the existing Central Processing Platform. This is the second contract award that SMM has secured from Premier. PT

Rajawali is responsible for the laying of the 2 sub-sea pipelines and transportation of the 2 platforms. While positive, the contract is small vs SMM’s current net orderbook of $7.4b, and Swiber’s orderbook of ~US$1.2b. SMM trades at 12.8x P/E. Swiber trades at 6.9x P/E.

 

15 cents...then Kepcorp might drop 30 cents....but seems they likely drop further.....oil price not too good for them now

 

Mon sti may be down 50 pts. I think Sembmarine can easily down at least 15 cents...

 

Going strong but for how long.....court case not looking good.....

If the stake went to other company, it will be bad....

 

eye can only agree ...maybe wil go lower than 3.8

 

 

Going down to 3.8 b4 finding support. Crude oil below 90. Brude oil below 100.

 

From OCBC

Strong outstanding order book provides defensiveness

Stock has eased quite a bit upgrade to BUY

SMM’s share price has fallen by 15.1% since we downgraded it to Hold a few months ago in our report “Looking beyond FY11”, 24 Feb 2012.  This compares with the STI’s 6.9% drop over the same period. At current price levels, we see value emerging in SMM’s stock. With an expected upside potential of 14.8% (excl dividends) now, we upgrade our rating to BUY with an unchanged fair value estimate of S$5.12.Sembcorp Marine has a net order book of S$7.4b with deliveries stretching till 2Q15, and this provides good earnings visibility at a time when uncertainties are still prevalent in the global economy and there is a general lack of clarity in terms of corporate earnings outlook. The group has secured orders worth about S$3b YTD, accounting for 34% of our full year estimate which includes orders from Petrobras.

 

i saw a lot of brokerage houses recommending to accumulate on weakness  the O& G sector plays

namely SEMBMAR & KEPCORP..

hope there will be more upside to this in time to come..

gd luck dyodd