$Seatrium (S51.SG)$ For those who are unable to comprehend t...

$Seatrium(S51.SG)$ For those who are unable to comprehend the Balance Sheet, you can just take a look at their CFO speech as it summarizes most parts of it. Just to highlight some - Cashflow is bad, very high debt at a high interest rate environment. Makes me think of Hyflux and I am not even sure if Temasek will save it if it ever comes to that (their patents are really valueable). I dont think any shipyards in SG is even close to their size and a failure will be disasterous for SG. However this may or may not affect share price since this counter has a high short interest so its a speculative stock. Removed from watchlist as I prefer to invest in something where value is more obvious so that I can sleep well at night. Nevertheless I hope this is the worst period of Seatrium and hopefully things can only be better (as long as market remains stable and they can continue paying debt interests with profits) for the benefit of its shareholders and SG