Latest Forum Topics /
MarcoPolo Marine
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ComfortDelGro fundamentally strong but price weak
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sheerluck
Supreme |
22-Sep-2016 13:17
Yells: "Work for your money first then let your money work for you" |
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This one going down very fast is an example of how inability to service debt can pull the price down into the abyss.   Now using legal means to ask noteholders for leeway while at the same time reminding them that it does not garuantee less losses thereby protecting own backside from all angles.   Their appointed helper really knows how to serve their client. If noteholders agree, noteholders die.   If noteholders dont agree both notehholders and MPM die.   If someone is going to hantan you and you know there is a good chance that you cannot aviod it, you can choose to 1.   accept fate and take the bashing 2.   at least hantan back so that the agressor also take some damage together. I am only worry about Vivan Hsu. |
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NoRiskNoGain
Veteran |
14-Sep-2016 08:21
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Seem like more bleeding ahead. The bondholders also bo bian suckthumb
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granto
Master |
14-Sep-2016 06:52
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Marco Polo Marine requests an extension to its notes maturity date |
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NoRiskNoGain
Veteran |
08-Sep-2016 19:01
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I rem a famous blogger (is it a sporean investor) claiming to have biggest holdings for MPM and yet get a big sum in dividend year in year out. His supporters must been crying now after all the averaging down and talk about cabotage law.
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CraigFoo
Elite |
08-Sep-2016 13:35
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What do you think of a company who went to court with Semb mar after it has delivered the rig as promised. Bridges burn, not sure others will want to do business with them in future. | ||||
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sg_investor
Member |
08-Sep-2016 12:54
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what happened to Pan Ocean? Share price never move since 2014.   
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beginners
Veteran |
08-Sep-2016 12:27
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With Vivian Everyday. No mood for business Liao.
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Macqueen
Master |
08-Sep-2016 11:48
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Careful anytime will halt
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sheerluck
Supreme |
08-Sep-2016 11:31
Yells: "Work for your money first then let your money work for you" |
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What will happen to Vivian Hsu if MPM go belly up? |
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olioli
Member |
08-Sep-2016 10:23
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and.... |
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granto
Master |
07-Sep-2016 20:33
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Marco Polo Marine ominously appoints KPMG to conduct business review |
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sheerluck
Supreme |
28-Dec-2015 13:27
Yells: "Work for your money first then let your money work for you" |
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Surprised that this one price didn' t collapse like other O& G related counter.  Although there are hardly any demand for its shares, mostly supported by owner buying some amount in trying to keep price above MTP. |
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sheerluck
Supreme |
18-Dec-2015 17:34
Yells: "Work for your money first then let your money work for you" |
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DMG borrowed the shares but didn' t buy so only need to pay lending fees.  Volume move price.  So with volume, they can in theory move price. Price dropped from 30cts before oil price drop till now only 18+cts.  Who know when they shout BUY BUY BUY, they buy or not?  Your guess as good as mine.
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Nanja-Monja
Member |
18-Dec-2015 16:47
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The share price drop so much DMG still want to lend the share? for this moment I just imagine Lee and his Nautical pledged for a loan, and how much margin interest they need to pay for each month.  
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sheerluck
Supreme |
18-Dec-2015 16:34
Yells: "Work for your money first then let your money work for you" |
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That depends on whether shares are pledged for a loan or just lended. If pledges I suppose they will need to top up when margin called. If lended then I don' t think so. I understand if you lend share, you tranferred the title right to the borrowers but retained the beneficial right.  I am not sure if you pledged then have you transferred both the title and beneficial right to the borrowers. From the announcement on the change of dir interest, Lee and his Nautical are still the beneficial owners.  Assuming he just lend and earn fee, using 18.5cts and 4% lending rate, he and nautical can earn about $600k in fee alone.  So you can imagine when MPM was trading arounf 50cts then, they easily earn close to $2mil in just fees alone.
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Nanja-Monja
Member |
18-Dec-2015 15:31
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Don' t know the Lee' s can hold how long. According to my friend in broker line, increasing shares that park at DMG & Partners Securities Pte Ltd owned by Nautical might due to for top up the margin.If share price fall, meaning they have to top up cash or shares. So can assume shares buy back by substantial shareholder is to hold the share price. Don' t know is true or not
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sheerluck
Supreme |
18-Dec-2015 11:02
Yells: "Work for your money first then let your money work for you" |
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Don' t mind about VH.  Just to lighten up the atmoshpere. Normally, market reaction to bad news in offshore marine coy pretty quick and bad.  But since it is so tightly held by the Lee' s, that may explain why price didn' t react so badly after the bad news.
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sheerluck
Supreme |
18-Dec-2015 10:22
Yells: "Work for your money first then let your money work for you" |
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When they ordered the rig, oil price still > US$100.  Frankly, this drop surprised most people.  So wouldn' t fault them on this point.  But at that time, ordering this rig is really taking a very big risk in term of the finance requirement.  If we can say they made a bad judegment call now then is on hindsight. Anyway, he may not enjoy during office hour but definitely happy after office hour=> happy hour.
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Nanja-Monja
Member |
18-Dec-2015 10:15
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What I know about Marcopolo 1. Queue at sell volume always more than buy volume. 2. 61,081,374 Shares held by DMG & Partners Securities Pte Ltd from 42,000,000 of which Nautical International Holdings Ltd is the beneficial owner. 3.14th - 15th Decemeber make announcement at SGX buy back 1,560,500 shares by substantial shareholder, Ownership from 58.16% become 58.93%. When you notice, everytime the share price down, end of the day it will up again. Nothing link with Vivian aura, the substantial shareholder buy back to hold the share price and the trading volume very low. Sad that my mom still hold some and still queueing to sell. |
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pnuklis
Master |
18-Dec-2015 10:13
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Young man too greedy. Had a stable running company and out of greed went and ordered a Jackup to quickly flip and make couple of millions in the bargain. But the calculation went wrong horribly. Now kena and Sembmarine lawyers will screw the hell of MP Drilling with law suit which is in favour of Sembmarine. Now it default of payment and class issues making it more complicated. MPM will be forced to take delivery if he can still manage to drawdown the payment and stack the vessel. In the whole bargain MPM share holders kena big. |
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