$Seatrium Ltd(5E2.SG$ Basically the new management is clearing the shit from ex management so why are you guys blaming the new ones. It takes time for new management to show result since business plan is not an elixir where a company swallows a bitter pill and good result comes the next moment. This company has a staggering SGD 3B of debt all thanks to ex sembcorp marine management and now this new guy is trying to clear the shit. Banks offer different interest rates and the company is now prob...
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$ComfortDelGro(C52.SG$
SG market looks like a dead cat. US rallying so long bubble so big but SGX is just status quo. Where are all our BBs? Although many of our shares are trading above its fair value, there's still so much room for bubble play![]()
SG market looks like a dead cat. US rallying so long bubble so big but SGX is just status quo. Where are all our BBs? Although many of our shares are trading above its fair value, there's still so much room for bubble play
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$Seatrium(S51.SG$
Seatrium Aims for a Return on Equity of More Than 8% by 2028: 5 Highlights from its Latest Investor Day
The slides are quite ok actually but for them to talk about EBITDA touched a raw nerve since Amortization and Depreciation is real and for them with such high debt interest payment will be pretty high too![]()
Seatrium Aims for a Return on Equity of More Than 8% by 2028: 5 Highlights from its Latest Investor Day
The slides are quite ok actually but for them to talk about EBITDA touched a raw nerve since Amortization and Depreciation is real and for them with such high debt interest payment will be pretty high too
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$Seatrium(S51.SG$
I dont see a stronger balance sheet based on the last issue. Company is just piling debts after debts like US government's infinite borrowings. But US has the Fed to save them, will Temasek save them or let it die after selling their renewable tech like letting Hyflux die after they sold their desalination plant? I do not want to guess Seatrium's borrowing costs but it should be quite high due to risky balance sheet and current rate environment. It will come as no surprise tha...
I dont see a stronger balance sheet based on the last issue. Company is just piling debts after debts like US government's infinite borrowings. But US has the Fed to save them, will Temasek save them or let it die after selling their renewable tech like letting Hyflux die after they sold their desalination plant? I do not want to guess Seatrium's borrowing costs but it should be quite high due to risky balance sheet and current rate environment. It will come as no surprise tha...
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$CityDev(C09.SG$
I agree with most of writer's point except that we cannot trade a stock based on RNAV and that CDL's current valuation based on latest Balance Sheet is below its current share price. Furthermore, CDL's operating is dismal at best and its high debt/gearing is really an alarm bell esp in such a high interest rate environment though rates should come down soon but it will probably still hover at quite a high level. I am not sure if Sherman is a bright business man and we cannot bl...
I agree with most of writer's point except that we cannot trade a stock based on RNAV and that CDL's current valuation based on latest Balance Sheet is below its current share price. Furthermore, CDL's operating is dismal at best and its high debt/gearing is really an alarm bell esp in such a high interest rate environment though rates should come down soon but it will probably still hover at quite a high level. I am not sure if Sherman is a bright business man and we cannot bl...
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$SATS(S58.SG$
Sats sells US military contractor unit, to book net proceeds of US$45.6 million
Thats a step in the right direction. The disposable amount is extremely negligible but entire US operations is running on extremely low profit margin and its really good to offload their assets there since risk reward there is bad
Sats sells US military contractor unit, to book net proceeds of US$45.6 million
Thats a step in the right direction. The disposable amount is extremely negligible but entire US operations is running on extremely low profit margin and its really good to offload their assets there since risk reward there is bad
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$Dyna-Mac(NO4.SG$
Trading close to its value, sold mine as certain risks have appeared but theres still room for surge since might trade within 10%+ base value but am concern of Dyna warrants trading irrationally and may affect mother share so since made a tidy profit I am prepared to miss the next 10-20% possible surge in exchange for a peace of mind. Nevertheless good luck to all others who are still vested. Been a good ride on this one after holding for 2 years
Trading close to its value, sold mine as certain risks have appeared but theres still room for surge since might trade within 10%+ base value but am concern of Dyna warrants trading irrationally and may affect mother share so since made a tidy profit I am prepared to miss the next 10-20% possible surge in exchange for a peace of mind. Nevertheless good luck to all others who are still vested. Been a good ride on this one after holding for 2 years
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$Dyna-Mac(NO4.SG$
A Clever Lesson In Self Worth
Based on latest balance sheet Dyna Mac's PE is about 12 which is lower than industry average (14-16) hence there is still room for surge since it is still below fair value. Furthermore (Barring unforeseen circumstances - General market) forward looking PE is much higher taking into consideration that operating cashflow, EPS will continue improving this year if they continue winning projects. Company not much debt with low gearing, high ability to ...
A Clever Lesson In Self Worth
Based on latest balance sheet Dyna Mac's PE is about 12 which is lower than industry average (14-16) hence there is still room for surge since it is still below fair value. Furthermore (Barring unforeseen circumstances - General market) forward looking PE is much higher taking into consideration that operating cashflow, EPS will continue improving this year if they continue winning projects. Company not much debt with low gearing, high ability to ...
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$Mermaid Maritime(DU4.SG$General Announcement::INVITATION TO MERMAID MARITIME'S SINGAPORE SHAREHOLDERS FORUM 2024 Mermaid Shareholders are strongly encouraged to attend. You need to ask difficult questions if you are still vested in this counter. Ask them about major shareholder's massive loan to company whether if it is because the company was unable to obtain the loan from Banks, and if so what reasons did the Banks quote. What are the inherent risks and challenges that company is facing. Wh...
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$Mermaid Maritime(DU4.SG$ Read the Auditor statement and decide for yourself if you still wish to read their Balance sheet. Sayonara..
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cowpehcowmooOP Shootingstar: If profit cant pay off interest then they have no choice but to keep reporting losses. Furthermore Temasek has nothing to do with paying off Seatrium liabilities since they are just one of the investors. The only thing valueable in Seatrium is their renewables ip but whether its worth Temasek dumping more money to save it will be questionable. I'd like to think that Temasek will save them if it comes to that since SG government is very much into renewables and carbon neutral, and SG is a major shipping hub and its impossible for SG to give Malaysia ship repair/building businesses by closing our biggest yard (no other shipyard comes close to handling such scales) but at what price would Temasek save it if it comes to that? And thats the reason why it may not yet be the time to invest in Seatrium since risk is still very high and yet to see the light at the end of tunnel. Wait for next result even if it means you lose that initial 10-20% rebound from lowest
cowpehcowmooOP 103532591: Not yet vested in this counter as I am waiting for next AR and hopefully a Rights issue before deciding again there and then
cowpehcowmooOP BagHolder23: Iirc they have about 2B cash so the 100M share buyback is allocated from here but this is part of the operation