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CSE Global
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interfact
Senior |
09-Apr-2014 10:07
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Yr advise make sense.No point engaing ppl who like to utter rubbish and aplogize later.Worst is that these ppl like to pass sweeping statement before they go.(e.g. sour grapes mentality).Haha Our posting are supported with facts and figures also appended from analysts.Hopefully next result announcement will speak for itself,px will soar and climb back to its glory day. Huat arh! 
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T2LE56
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09-Apr-2014 09:20
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In short, if a counter need so many to defend, it is not worth going in. Not vested For hen to lay eggs, the hen need to be relax .... not so tense. The BB move from 1.065 to a low of 0.58, sorry it did not plunge .... my bad. Have funs .... too tense don' t think can lay eggs |
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RoundRound
Elite |
09-Apr-2014 08:48
Yells: "Tikam Tikam can also" |
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Wow! Crude oil rocketed to close at US$102.56. Will it help this and other oil related companies? | ||||
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remister889
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09-Apr-2014 08:44
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We should ignore some pple who are not contributing positively to discussion.. Even the definiation of penny stock and term " plunge" were used incorrectly.Lol. |
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T2LE56
Senior |
08-Apr-2014 15:31
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Sgtrade101 said " guess so, the term penny stock is by definition and not reflective on some stocks that doesnt seem penny-like. By looking at how sgx stocks in sgx had traded over the past couple of years, many had turned from mid cap to penny and the numbers are growing. I am not too sure on the accurate numbers but i would presume close 70% - 80% of sgx stocks are pennies by definition, meaning below $1. So how to avoid? " " Trade with Caution" is not wrong so long there is risk. Making money does not equate " Pau Makan" . The BB plunged 44.7% that is nearly half ... it will be wrong to say it is not. It is wrong to mask the risk factor. Anyway this forum won' t swing the price ... no one care what you said .... so relax. Ok the BB cash rich sure go up ... come BUY .... you think people bother. Big players control the movement lah ... don' t kan cheong .... when it is time is will go up or come down.
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Aberdeen123
Senior |
08-Apr-2014 14:42
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3c you alrdy so worried.What will happen to NSL px when their xd comes for cd 50c Lol If one knows the outcome,everyone will be rich. If you are so risk adverse better to put $$ in FD and not in shares.
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Aberdeen123
Senior |
08-Apr-2014 14:18
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Full agreed with interfact.One got to use the word correctly and wisely. I do not see a px plunge in this counter neither is right to use the word " trade with care" .This company is making $$ and with surpluses some more to give back to shareholders in the future.There is nothing wrong with company/counter when the XD take effect and drop back to px before XD.This are market forces or speculation at best.Classic example are Ocean Sky. Trade with care are those companies with big debts vs beyond their asset (i.e.JES),RTO pending like albedo,W Corp,Sky one..History alrdy in the making like albedo or counter like Ocean Sky where the deal did not go through and the px plunge from 30c to 14.5c And those counters under CAD investigations.Anything can happen I think one has to be mindful with one' s comment and substantiate with fact. |
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interfact
Senior |
08-Apr-2014 13:30
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There isnt a plunge as exagerated in yr posting.You have to factor the 28cent adjustment and the poor market sentiment abit oil and gas stocks were trending lower than most other counters.After adjustment,the paper loss is not as much as you are to invest in Kris Energy(1.30 to 0.64),Rex(0.97 to 0.58),JES or the ABL for the same corresponding period. There is nothing to work out as my paper loss is not more than 6c the most. Your posting are skewed with private agenda and not forth coming.Just wondering if you are not vested why keep harping negative news abt this counter.Instead of finding out more from those vested,your comments appeared that you know more than anyone else.This is amazing and surrounds with suspicion.Lately we saw many new nicks created by rosesyrup (banned,now called roseairy)to harass ppl who has a different pt of view.. Are you one of them too?Your inquistivity would be more appreciated in ABL or those loss making company threads. Anyway this counter is slow moving and vol is always in the low.million.Nothing to shout abt.Not for speculation but for a mid to long term view investment.
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SuperMonkey
Senior |
08-Apr-2014 13:08
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market sentiment bad even super good shares will not be spared. Anyway we are at the mercy of BBs, if they want a share to drop, we small investors cannot fight them. Even solid company will get whack down by the BBs. Just that they cant whack alot. Lousy shares like blumont can be easily beaten down by many times. Right now, I would say the market sentiment is turning for the worse, so just be careful when trading. if selling pressure huge, can take profit or even cut loss.
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T2LE56
Senior |
08-Apr-2014 12:20
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Haha ... the BB must be able to withstand scrutiny .... drop test. Don' t be too work out .... TWC .... Trade With Care. The recent drop is still fresh on investors' mind cannot help but to be cautious. Why are you here is also because you want better return ? Sensibly people will invest, acquire and do something about the money. We hear of so many horror stories, issue warrants, consolidation, rights, bonus ... so forth. Ultimately retailer investor' s suffer. Aiyah don' t get so work out ... play game must relax. Only said be careful from $1.05 plunge to $0.58 ... will they repeat again. Who knows ... they don' t care
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interfact
Senior |
08-Apr-2014 11:29
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NSL(Natsteel) also sitting with big cash surpluses..nowing distributing 50c to shareholder.Stock climbed up substantially after announcement. Super,Bakertech and Petra are also cash rich companies just to name a few.What is there to be curious?You are worried for the wrong reasons.Ultimately they will dispose of the cash by cum dividend if no suitable acquistion was in sight.
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interfact
Senior |
08-Apr-2014 11:03
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Isnt SIA sitting on a bigger pile of cash? The money can be use for acquistion in the future or expansion of business. You are just asking a stupid question.Tell us .which is better a company in debt or a company with cah in handi? Likewise I dont think you like to see yrself living in debt with no saving.
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T2LE56
Senior |
08-Apr-2014 10:38
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This is just my view and observation, you maybe right but not 100% just like the report. (Unless you have insider' s news). I am just curious why any companies will be happy sitting on a pile of cash ? Report is just their views as well .... I am sure they have their fine print .. Disclaimer. I hope I am wrong. You can maintain your BUY call. Not vested |
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interfact
Senior |
08-Apr-2014 10:04
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Maintain BUY
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interfact
Senior |
08-Apr-2014 10:01
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By Andy Wong Fri, 28 Mar 2014, 09:38:27 SGT Following the successful divestment of CSE Global&rsquo s entire stake in Servelec Group in Dec last year, we believe management will focus on driving its growth largely from the oil and gas sector. CSE has significant exposure to the Gulf of Mexico (both the U.S. and Mexico side), and we expect it to benefit from positive trends arising from this area. Looking ahead, we also do not expect CSE to make any further provisions for cost overruns for its Middle-Eastern project, which would aid its margins recovery. We re-work our assumptions following a change in analyst coverage, and now forecast CSE to register core PATMI growth of 18.7% and 9.3% in FY14 and FY15, respectively. Applying a 9x target PER peg to our FY14 EPS forecast, we derive a fair value estimate of S$0.63 (previously S$0.96 before the Servelec Group divestment). Maintain BUY. Focusing largely on the oil and gas sector Following the successful divestment of CSE Global&rsquo s entire shareholding interest in Servelec Group in Dec last year, we believe management will focus on driving its growth largely from the oil and gas sector. This sector contributed 75% of CSE&rsquo s total revenue from continuing operations in FY13. Oil and gas related activities remain at healthy levels in most regions, in our view. CSE has significant exposure to the Gulf of Mexico (both the U.S. and Mexico side), and we expect the group to benefit from the on-going recovery following the ill-fated Macondo oil spill incident and the imminent liberalisation of the Mexican oil and gas market. There is also positive sentiment within the subsea sector. Market watcher Infield Systems has forecasted subsea capex to grow at a robust 15% CAGR from US$19b in 2013 to US$33.3b in 2017. CSE provides control systems for its subsea customers. Its order book stood at S$227.2m (as at 31 Dec 2013), a decline of 18.4% as compared to end FY12. However, management highlighted that this consists of higher quality projects and hence could augur well for its FY14 gross margins. No further provisions for project cost overruns expected CSE&rsquo s FY13 bottomline took a hit as it made provisions for project cost overruns amounting to S$8.1m. Looking ahead, management is hopeful that it will not have to make further provisions for this Middle-Eastern project in 2014, as it has provided some buffer in terms of assumed project completion timeline when making its provisions. Maintain BUY We re-work our assumptions following a change in analyst coverage, and now forecast CSE to register core PATMI growth of 18.7% and 9.3% in FY14 and FY15, respectively. We are expecting a backend-loaded FY14 due to the timing of certain key projects and expectations of new order wins in 2H14. Applying a 9x target PER peg to our FY14 EPS forecast, we derive a fair value estimate of S$0.63 (previously S$0.96 before the Servelec Group divestment). Maintain BUY.
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T2LE56
Senior |
08-Apr-2014 09:32
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Don' t you see something quite strange .... the big players will lead you to believe it is going up. When you start to follow .... kanna their trap already lor habis. Find the whole thing .... fishy. Just pause for a moment and think. Many a time we are carried away by our emotion and left out the most vital part .... something just not right. Sitting on a pile of cash and happy doing nothing ... how can you justify to all the shareholders. After the meal they will make you pay. They have done it before ..... will it happen again ..... The smart ones are trying to exit before the XD that why they are pushing it up |
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T2LE56
Senior |
08-Apr-2014 09:20
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Precisely they have cashed out and is cash solid. What will you do when you are cash solid ... you have to do something .... correct. They will look for company to acquire and show case something. They will not buy ikan belis but have to justify it is a good acquisition. It is likely going to cost a lot of money .... never mind lah ... let the retailer investors pay. Just you wait and see. While you are waiting for the dividends, they are hatching theirs. Hope I am wrong .... |
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SuperMonkey
Senior |
08-Apr-2014 09:18
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u shorted? u sound so pessimistic.. anyway if acquisition also good ma, look at mencast...
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RoundRound
Elite |
08-Apr-2014 09:13
Yells: "Tikam Tikam can also" |
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They cashed out of London with a nice profit, and been cash-positive, they are the rare companies in SGX in this advantageous status. Plus, they are expanding into many countries, recently bought a stake in one South America firm.
Solid footing for CSE. No worry of interest rate hike anytime yet. |
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T2LE56
Senior |
08-Apr-2014 09:13
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Let' s hope I am wrong ... maybe there are heading for an acquisition .... next announcement raising cash. Crazy retail investors always kanna trap .... price will dive again. 
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