Back

First < Newer 41-60 of 117 Older> Last

Latest Forum Topics / CH Offshore Last:0.014 --

Post Reply

CH Offshore

bernardc
Elite

18-Jul-2025 12:31

bernardc About Contact Quote this Post!

x 0
x 0

Alert Admin

Cheong argh...multi baggers coming

SmallSmall ( Date: 18-Jul-2025 11:10) Posted:

Finally stages a major breakout today $0.018 +$0.003 Volume 90 mil

Useful To Me Not Useful To Me

sengkang
Master

18-Jul-2025 11:59

sengkang About Contact Quote this Post!

x 0
x 0

Alert Admin

Solid ssh and experienced team led by Jeanette Chang and Benety Chang.
Wan shui.

Useful To Me Not Useful To Me

SmallSmall
Supreme

18-Jul-2025 11:10

SmallSmall About Contact Quote this Post!

x 0
x 0

Alert Admin

Finally stages a major breakout today $0.018 +$0.003 Volume 90 mil

Useful To Me Not Useful To Me

Nippon72
Veteran

07-Jul-2025 20:00

Nippon72 About Contact Quote this Post! Style: Fundamental Mood:

Yells: "Dude, is ALWAYS Time in the market than Timing the market! "

x 0
x 0

Alert Admin

Just put $5k worth of CH Offshore macam Bond and don' t look at it for next ten years. Wonder what will the price be?
Going to be vested by tomorrow.

Useful To Me Not Useful To Me

sengkang
Master

30-Jun-2025 09:57

sengkang About Contact Quote this Post!

x 0
x 0

Alert Admin

Now 1.5~1.6c huat ah.
Hopefully 2.0c on the way, jia you.

Useful To Me Not Useful To Me

mattohoh
Elite

26-Jun-2025 17:28

mattohoh About Contact Quote this Post!

x 0
x 0

Alert Admin

lol how to be multibagger? Not capallianz?

bernardc ( Date: 26-Jun-2025 17:15) Posted:

Jeep argh..for multiple baggers

Useful To Me Not Useful To Me

sengkang
Master

26-Jun-2025 17:20

sengkang About Contact Quote this Post!

x 0
x 0

Alert Admin

Closing at 1.5c today.
Tomolo up?

Useful To Me Not Useful To Me

bernardc
Elite

26-Jun-2025 17:15

bernardc About Contact Quote this Post!

x 0
x 1

Alert Admin

Jeep argh..for multiple baggers

Useful To Me Not Useful To Me

mattohoh
Elite

26-Jun-2025 16:49

mattohoh About Contact Quote this Post!

x 0
x 0

Alert Admin

I cut lost move on alr. Up few pips down so much lose 2k++ :(

bernardc ( Date: 26-Jun-2025 16:46) Posted:

Share holders loose pants over the rights issue Excess rights too much demand most disappointed..

SmallSmall ( Date: 23-Jun-2025 10:44) Posted:

Excess rights holders selling into profits but there also appears to have strong hand accumulating

Useful To Me Not Useful To Me

bernardc
Elite

26-Jun-2025 16:46

bernardc About Contact Quote this Post!

x 0
x 0

Alert Admin

Share holders loose pants over the rights issue Excess rights too much demand most disappointed..

SmallSmall ( Date: 23-Jun-2025 10:44) Posted:

Excess rights holders selling into profits but there also appears to have strong hand accumulating

Useful To Me Not Useful To Me

SmallSmall
Supreme

23-Jun-2025 10:44

SmallSmall About Contact Quote this Post!

x 0
x 0

Alert Admin

Excess rights holders selling into profits but there also appears to have strong hand accumulating

Useful To Me Not Useful To Me

SmallSmall
Supreme

20-Jun-2025 12:00

SmallSmall About Contact Quote this Post!

x 0
x 0

Alert Admin

This Company&rsquo s Rights Issue Oversubscribed: Free Float Surges from 11% to 45% as Investors Pounce on Deep Discount

Leong Chan Teik

20 June 2025

CH Offshore Ltd., established in 1976 and headquartered in Singapore, owns and charters offshore support vessels (OSVs) for the oil, gas, and renewables industries.

Its current fleet of six vessels&mdash comprising anchor handling tugs, platform supply vessels, work boats, and lift boats&mdash serves clients across Southeast Asia, and beyond.

After several challenging years marked by losses since FY2020, CH Offshore achieved a turnaround in 2024, posting a profit of US$1.3 million and an EBITDA of nearly US$7 million.

This recovery was driven by improved operational efficiency, among other factors, and particularly a resurgence in charter rates due to tight vessel supply and robust demand from offshore energy projects.

US$&rsquo 000	FY24	FY23	FY22	FY21
Revenue	26,229	24,094	18,599	15,520
Gross profit/(loss) after direct depreciation	6,160	(717)	2,304	(634)
Profit/(loss) after tax	1,317	(8,249)	(3,331)	(4,954)
Gross profit/(loss) margin	23.5%	-3.0%	12.4%	-4.1%

In Feb 2025, CH Offshore launched a 2-for-1 rights issue, offering new shares at S$0.01 each&mdash a steep discount to the pre-announcement price of S$0.046.

Results of the issue released on 18 June showed it was heavily oversubscribed, with only 115 million shares left unsubscribed, while excess demand reached 1.1 billion shares.

As a result, the company&rsquo s free float rose from 11% to 45%, significantly improving liquidity and broadening the shareholder base.

The remaining 55% is owned by Singapore-listed Baker Technology (whose $111 million market cap, by the way, stands way below its cash level, which is a story for another time).

Post-Issue Financial Position

Market Valuation:
- Current share price of $0.015 values the company at $31.5 million (2.1 billion shares × $0.015).
- Net cash stands at $16 million, representing half the market cap.
Book Value Analysis:
- New book value = $0.032 per share, placing the current price at a 53% discount.
- Historically, shares traded at a 40% discount to book value pre-rights ($0.046 vs. $0.077 book value).
Free Float Impact:
- Public float surged from 11% to 45% post-rights, enhancing liquidity.

Market Dynamics and Outlook

The capital raise generated $14 million for the company, yet market cap declined from $32.3 million (pre-rights) to $31.5 million despite the cash injection.

This disparity stems from:

Overhang pressure: Investors who secured rights shares at 1 cent may sell for quick profits (current price: $0.015= 50% gain).
Valuation disconnect: The stock trades at a steeper discount to book value (-53% approximately) than the historical -40%, suggesting potential upside to $0.02 (40% discount to $0.032 book value).

The rights issue strengthens CH Offshore' s ability to seize opportunities to enhance its vessel fleet:

" Strengthening the balance sheet now gives the Company flexibility to move quickly when suitable, younger second-hand vessels become available to place orders for new builds or initiate specification upgrades when pricing and design clarity improve and provide the financial comfort that sellers, shipyards and financiers typically require.

" Management expects charter rates to improve going forward. Historically, there has been minimal new vessel construction over the past 10 years, resulting in a limited supply of offshore support vessels. This supply constraint, coupled with sustained demand in the offshore oil and gas sector and emerging opportunities in renewables, supports a positive outlook for charter rates."
-- CH Offshore (source: EGM minutes)

Long-term value hinges on whether the market reappraises the stock toward its historical discount-to-book norm and whether CH Offshore delivers improved results that ride on the booming charter rates.

For more on the fundamentals, see our recent story: CH OFFSHORE: Cash-Rich Comeback in Booming OSV Sector

Useful To Me Not Useful To Me

SmallSmall
Supreme

16-Jun-2025 15:08

SmallSmall About Contact Quote this Post!

x 0
x 0

Alert Admin

Marine stocks can be quite powerful plays if history is anything to go by -> Nam Cheong, Pac Radiance
Picture will be vlearer in coming days when the rights shares come outs

Useful To Me Not Useful To Me

Khaleesi
Member

16-Jun-2025 10:40

Khaleesi About Contact Quote this Post!

x 0
x 0

Alert Admin

Go up then promote hahahaha....backside cannon

Useful To Me Not Useful To Me

Next33
Member

16-Jun-2025 10:38

Next33 About Contact Quote this Post!

x 0
x 0

Alert Admin

Post-rights issue, CH Offshore shall have a net cash position of $17.6 M.
Market cap now: $21 M.

https://www.nextinsight.net/story-archive-mainmenu-60/948-2025/16197-ch-offshore-cash-rich-comeback-in-booming-osv-sector

Useful To Me Not Useful To Me

MarcLim
Veteran

11-Jun-2025 15:13

MarcLim About Contact Quote this Post!

x 0
x 0

Alert Admin

Hi
so the company got more cash now... supported by Baker Tech.
NAV high. What is Prospect moving forward? At current 0.015

SmallSmall ( Date: 28-May-2025 14:38) Posted:

Same same for all these rigths issue. Right issue price low low and then offer to take up excess by the undertaking shareholder which is Baker Tech in this case. The company actually has a NAV of $0.0792

IRREVOCABLE UNDERTAKING 5.1. As at the date of this announcement, the Undertaking Shareholder, a controlling Shareholder of the Company, holds directly 387,535,300 Shares, representing approximately 54.98% of the Company&rsquo s existing issued and paid-up share capital. To demonstrate its support for the Proposed Rights Issue and its commitment to and confidence in the Company, the Undertaking Shareholder had provided an irrevocable undertaking (the &ldquo Irrevocable Undertaking&rdquo ) to the Company and has undertaken to: (a) vote and/or procure the voting in favour of the Proposed Rights Issue at the EGM (b) participate in the Proposed Rights Issue by subscribing and paying for (and/or procure the subscription and payment for) (i) its pro rata entitlement of 775,070,600 Rights Shares pursuant to the Proposed Rights Issue for the subscription amount of S$7.75 million, and (ii) up to 211,467,754 Rights Shares in excess of its provisional allotments (&ldquo Undertaken Excess Rights Shares&rdquo ) (approximately an additional 15.00% of Rights Shares in excess of its provisional allotments) under the Proposed Rights Issue which are not taken up by the other Entitled Shareholders (subject to availability), on the basis that it will rank last in

Useful To Me Not Useful To Me

SmallSmall
Supreme

02-Jun-2025 16:42

SmallSmall About Contact Quote this Post!

x 0
x 0

Alert Admin

This one rebounding quite strong......$0.016 +$0.001 17 mil shares trades

Useful To Me Not Useful To Me

makdatok
Supreme

30-May-2025 15:27

makdatok About Contact Quote this Post!

x 0
x 0

Alert Admin

Give me 19 plzzzzzzzZZZ

Useful To Me Not Useful To Me

SmallSmall
Supreme

30-May-2025 11:14

SmallSmall About Contact Quote this Post!

x 0
x 0

Alert Admin

Buyers for rights coming in......

Useful To Me Not Useful To Me

Stocky901
Supreme

29-May-2025 19:29

Stocky901 About Contact Quote this Post!

x 0
x 0

Alert Admin

Starting from 003/004 at beginning.. 😊

Stocky901 ( Date: 29-May-2025 19:25) Posted:

The trading range of nil rights should be 001/002🫢 🫢

SmallSmall ( Date: 29-May-2025 12:37) Posted:

Commencement of trading of &ldquo nil-paid&rdquo rights : 30 May 2025 at 9.00 a.m.
Last date and time for splitting Rights Shares : 9 June 2025 at 5.00 p.m.

Useful To Me Not Useful To Me

First < Newer 41-60 of 117 Older> Last

ShareJunction Version: 27 Nov 2020 ver- All Rights Reserved. Copyright ShareJunction Pte. Ltd. Disclaimer: All prices from are delayed. ShareJunction does not provide you with any financial advice. We are not into the business of providing any investment advice. See our Terms and Conditions and Privacy Policy of using this website. Data is delayed for varying periods of time depending on the exchange, but for at least 15 minutes. Copyright © SIX Financial Information Ltd. and its licensors. All Rights reserved. Further distribution and use by third parties prohibited. SIX Financial Information and its licensors make no warranty for information displayed and accept no liability for data and prices. SIX Financial Information reserves the right to adapt and/or alter this website at any time without prior notice.

Web design by FoundationFlux. Hosted with Signetique Cloud.