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Sembmarine
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rotijai
Supreme |
09-May-2012 16:00
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hand a bit itchy.. decided to take a calculated risk bet.. if wrong, just keep in fridge for months.. *dont follow me, prepared to have my $ stuck in this yard :x |
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ozone2002
Supreme |
09-May-2012 15:56
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from DBS report today Sembcorp Marine secures US$208m jack-up order. SMM’s subsidiary, PPL Shipyard, has secured a US$208m contract to build a Pacific Class 400 jack-up rig, along with an option for a similar unit, worth US$210m, with adjustments to certain cost escalations. This contract was awarded by Perisai (L) Inc, a wholly-owned subsidiary of Perisai Petroleum Teknologi Bhd. Delivery of this unit is scheduled for end-July 2014 the option unit, if exercised, has a delivery date of 2Q 2015. This order is SMM’s sixth order for the year, and it brings its FY12 YTD order wins to S$3.0bn, on track to meet our full-year order wins assumption (ex-Petrobras) of S$6.0 bn. This contract win also marks the eighth pacific Class 400 jack-up ordered since 2010. Maintain BUY. for yards could continue to be strong, especially for rigs intended for deepwater and harsh environment. SMM remains a leading contender for six Petrobras rigs (worth up to US$4.8bn, not yet factored in our order-win assumptions), as well as contracts for the integration of at least two FPSO projects from Petrobras, each estimated to be worth > US$500m (refer to our Singapore Rigbuilders
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GuavaXF30
Elite |
09-May-2012 14:06
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May seem that way but after waiting all morning and seeing price raneg bound, and then realising resuts of Q1 to be announced this afternoon, decided to buy in and not wait any longer. Anyway, I ma be wrong and the price may well fall further. Point is I am buying with my own money and I feel this is good value. Just sharing my moves, not asking you to follow. It really is up to you what you feel is the right price for yourself. Another thing, I buy to keep. But I will also sell when I see enough profit.
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tiancai007
Master |
09-May-2012 13:39
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Bro, u are contradicting urself. 1st u said it is going down, then u buy at 4.82. Why not wait for it to bottom then buy? Why so urgent to buy today huh?
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ozone2002
Supreme |
09-May-2012 13:35
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well if sembmar drops further it's an opportunity to buy more at a cheaper price.. fundamentals of the company is intact..they don't change within a day.. only it's price of the stock reflects the sentiment of the market.. and it's up to u to capitalize on the emotions of the market players... gd luck dyodd.. :) |
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GuavaXF30
Elite |
09-May-2012 12:50
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You may well be right. In the short-term. Pardon the pun. But Q1 results coming out this afternoon. And longer term prospects are good for rig builders. I was deciding between Keppel and Semb Marine but worked out Semb Marine may have slightly better upside. Even though price of oil has fallen lately, it will not stay down for long. Make sure you cover your short positions fast.
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Sgshares
Elite |
09-May-2012 12:49
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More downside for sembmarine | ||||
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alexchia01
Elite |
09-May-2012 12:27
Yells: "Catch The Stars And Ride With Them" |
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Why Buy? This is a great shorting point to me. I just shorted SembMar.
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GuavaXF30
Elite |
09-May-2012 11:37
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After waiting for fall to come, have decided that this is an attractive price to enter at. Bought in at 4.82. Not even queueing. Good luck to the two of us !
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GuavaXF30
Elite |
09-May-2012 09:10
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Better to wait a while more. Not even at 4.80. Good counter but can get much much cheaper. There will be blood this week....
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ozone2002
Supreme |
09-May-2012 08:54
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there's still the chance of further selldown due the margins calls being enforced. will be looking at grabbing more sembmar if it falls below 4.8 fundamentals still strong for this stock just that market fear is causing the price to fall.. means cheaper price for me to get.. dyodd gd luck :) |
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GuavaXF30
Elite |
09-May-2012 08:28
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Not sure if this is gonna help prices today. Oil price is touching USD 95 now. DOW may have recovered to be down " only" 76 pts but it's still down 76 pts. At one point, it was down about 200 pts. Hope you managed to get out yesterday.
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ozone2002
Supreme |
08-May-2012 18:02
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gd news..
SembMarine's unit secures US$208m contract
By
Sembcorp Marine's subsidiary PPL Shipyard has secured a US$208 million contract to construct a Pacific Class 400 jack-up drilling rig Perisai (L) Inc. The rig of PPL Shipyard proprietary design, is capable of operating in water depths of 400 feet and drilling to depths of 30,000 feet. The rig's maximum drillcentre is cantilevered at 75 feet aft and it has a derrick hook load capacity of 1.5 million lbs. It is scheduled for delivery in end July 2014. |
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soulreaction02
Member |
08-May-2012 17:24
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Hi ozone2002, what do you mean by margin calls not over yet??? |
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ozone2002
Supreme |
08-May-2012 15:56
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looks like margin calls not over yet.. selling pressure is strong.. |
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GuavaXF30
Elite |
08-May-2012 11:13
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Keppel Corp being throw down now. Be careful with Semb Marine and Semb Corp.
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GuavaXF30
Elite |
08-May-2012 10:16
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Hope you can. Best by today if possible. Not very confident about the market what with the pennies still being rotated.
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ozone2002
Supreme |
08-May-2012 09:41
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q to sell $5 | ||||
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GuavaXF30
Elite |
08-May-2012 09:29
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Not sure if can go in still. Oil prices are falling.
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ozone2002
Supreme |
08-May-2012 09:05
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4.88 excellent.. earned ~2% gd luck dyodd
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