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trademaster Supreme	30-Dec-2019 16:07        trademaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	Parabolic buying fear of missing out...lets see when reverse happens?
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Dreamer_1234 Senior	30-Dec-2019 16:07        Dreamer_1234 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Fast n furious! Sold too fast !!!
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Trader-101 Supreme	30-Dec-2019 16:06        Trader-101 About Contact  Quote this Post!   Mood: Yells: "Don't trust what i say, Trust your decisions. "
x 0   x 0  Alert Admin	Mermaid under Attack by shortists Liao let' s watch
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nqing87 Supreme	30-Dec-2019 15:58        nqing87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	anyway all this are just my opinion.. it doesnt matter cos at the end of the day it depends on BB push.. as long as our retailers here can make money, that' s all good.. what matters at the end is whether share price goes in favour of u, and not  whatever  fundamentals/technicals etc.. cos 1+1 is not equals to 2 in stock market.. I find counters that is cash rich, 0 debt, low p/e, sustainable uptrend results & giving more than 5% dividend if possible.. quite a few counters that fulfil such conditions  but they are normally ignore by BB since they are not branded names, so no point saying it cos u will get stuck except that u can get good sustainable  dividends lol.. for bank wise, they are actually good counters to invest for higher dividends vs other blue chips, but i did not go for banks cos banks are generally given a valuation of around 10-12 p/e.. not much capital gains and if i want to go for dividends, i can go for reits (but now most reits are  overvalue)  or my cash rich 0 debt counters.. the banks are not that appreciated compare to other blue chips like SIA, ST engineering, SATS  etc, which has much higher p/e ratio and lower dividend.. it' s all about  BB at the end of the day, and ppl do buy branded company names even though they sucks (eg hyflux) Justice888      ( Date: 30-Dec-2019 15:47) Posted: Then u Long which counter ? Bank ? nqing87      ( Date: 30-Dec-2019 15:44) Posted: yes, order book visibility is one important element to see.. like for instance AEM (which u are a strong supporter), when they announce strong order intake, we are rather confident that their profit will increase cos based on past record, they dont kill their margins to get higher orders..  for the case of AEM, i am on the same side as u that it is fundamentally strong.. back then,  the BB are not quick enough to  appreciate that AEM is going to have a rising  profit  and they come in only when they announce strong results..  i did vested when it drops to 1.0+ after they announce strong order intake before they finally announce a strong set of results, but i sold too early as i did not expect the BB momentum in pushing it.. afterall electronics counters are given a low valuation versus all other sectors here  like food/bev, healthcare, education.. For the case of mermaid, we do not know if high order book will eventually translate to strong profit.. i had invested in vallianz many years ago due to their increasing order intake & middle east support.. but eventually their profit doesnt increase and couldnt match the expectation due to their willingness to take in high order with low margins, and i cut my losses back then, and it taught me the importance of not just relying on order book figures.. middle east is a bunch of cost cutting scrooge.. u wont be able to make much money working with them.. just look at them at the political side on how cunning they are.. back then in 2014, the saudi refuse to cut oil price due to political reasons between US & russia, and oil price crash.. after that they are able to buy lots of assets/vessels/chartering at a very cheap rate.. when they are done buying cheap assets, they cut oil supply and want to push oil price back up, so that they can list their saudi aramco.
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WL123456 Supreme	30-Dec-2019 15:48        WL123456 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Which is why I say it?s undervalued for now . For the long term it?s anybody?s Guess . And not just AEM ( even though I bought it on average 0.90) that you and me will agree on , another one not to be missed is Hi p. I provided the numbers in Hi p forum . On all fronts , Hi p should be trading higher than AEM. What do I think 🤔 ?
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Justice888 Supreme	30-Dec-2019 15:47        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Then u Long which counter ? Bank ? nqing87      ( Date: 30-Dec-2019 15:44) Posted: yes, order book visibility is one important element to see.. like for instance AEM (which u are a strong supporter), when they announce strong order intake, we are rather confident that their profit will increase cos based on past record, they dont kill their margins to get higher orders..  for the case of AEM, i am on the same side as u that it is fundamentally strong.. back then,  the BB are not quick enough to  appreciate that AEM is going to have a rising  profit  and they come in only when they announce strong results..  i did vested when it drops to 1.0+ after they announce strong order intake before they finally announce a strong set of results, but i sold too early as i did not expect the BB momentum in pushing it.. afterall electronics counters are given a low valuation versus all other sectors here  like food/bev, healthcare, education.. For the case of mermaid, we do not know if high order book will eventually translate to strong profit.. i had invested in vallianz many years ago due to their increasing order intake & middle east support.. but eventually their profit doesnt increase and couldnt match the expectation due to their willingness to take in high order with low margins, and i cut my losses back then, and it taught me the importance of not just relying on order book figures.. middle east is a bunch of cost cutting scrooge.. u wont be able to make much money working with them.. just look at them at the political side on how cunning they are.. back then in 2014, the saudi refuse to cut oil price due to political reasons between US & russia, and oil price crash.. after that they are able to buy lots of assets/vessels/chartering at a very cheap rate.. when they are done buying cheap assets, they cut oil supply and want to push oil price back up, so that they can list their saudi aramco.. WL123456      ( Date: 30-Dec-2019 15:27) Posted: The most important and distinct difference is mermaid has a mega contract that can last them till 2023. A material difference . The rest kaput because they don?t have the middle eastern bosses to keep them alive . Which is why mermaid is also a prime target for takeover .
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nqing87 Supreme	30-Dec-2019 15:44        nqing87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	yes, order book visibility is one important element to see.. like for instance AEM (which u are a strong supporter), when they announce strong order intake, we are rather confident that their profit will increase cos based on past record, they dont kill their margins to get higher orders..  for the case of AEM, i am on the same side as u that it is fundamentally strong.. back then,  the BB are not quick enough to  appreciate that AEM is going to have a rising  profit  and they come in only when they announce strong results..  i did vested when it drops to 1.0+ after they announce strong order intake before they finally announce a strong set of results, but i sold too early as i did not expect the BB momentum in pushing it.. afterall electronics counters are given a low valuation versus all other sectors here  like food/bev, healthcare, education.. For the case of mermaid, we do not know if high order book will eventually translate to strong profit.. i had invested in vallianz many years ago due to their increasing order intake & middle east support.. but eventually their profit doesnt increase and couldnt match the expectation due to their willingness to take in high order with low margins, and i cut my losses back then, and it taught me the importance of not just relying on order book figures.. middle east is a bunch of cost cutting scrooge.. u wont be able to make much money working with them.. just look at them at the political side on how cunning they are.. back then in 2014, the saudi refuse to cut oil price due to political reasons between US & russia, and oil price crash.. after that they are able to buy lots of assets/vessels/chartering at a very cheap rate.. when they are done buying cheap assets, they cut oil supply and want to push oil price back up, so that they can list their saudi aramco.. WL123456      ( Date: 30-Dec-2019 15:27) Posted: The most important and distinct difference is mermaid has a mega contract that can last them till 2023. A material difference . The rest kaput because they don?t have the middle eastern bosses to keep them alive . Which is why mermaid is also a prime target for takeover . nqing87      ( Date: 30-Dec-2019 15:24) Posted: mermaid does have physical assets right? assets like their vessels/rigs etc.. i saw many oil/gas counters (ezion, vallianz, swiber, marco polo, POSH, sembcorp etc, just to name a few) doing impairments over the downcycle these few years  for whatever reasons like writing down trade receivables due to customer cannot pay or asset re-valuation or whatever.. Whatever assets those oil/gas counters own, on accounting purpose they may be value as such, but when they want to dispose these assets in bad market condition, they are just mere scraps.. when swiber close shop, the liquidators can only manage to liquidate the vessels at a fraction of the stated book value.. those assets such as their vessels are definitely not based on speculation and are probably amortized gradually & depreciated  from their purchase price over the years.. on accounting purpose, they may have high asset value, but when trying to dispose them desperately  in bad market situation, they are just scraps.. i never believe in NAV of counter to judge if they are undervalue, except for property & reits which are really hard to go down no matter how bad the market is.. just my opinion, but thanks for your sharing bro! im an investor who believe investing based on fundamentals like u do:
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WL123456 Supreme	30-Dec-2019 15:42        WL123456 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Historically, yes . They will announce in due course . Justice888      ( Date: 30-Dec-2019 15:40) Posted: I tot they have other contracts LongNobley      ( Date: 30-Dec-2019 15:40) Posted: Have to add on, this $162million is over 3 years. So each year is about $50 million..
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Justice888 Supreme	30-Dec-2019 15:41        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I tot is green. trademaster      ( Date: 30-Dec-2019 15:39) Posted: HSI free falling ...
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Justice888 Supreme	30-Dec-2019 15:40        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I tot they have other contracts LongNobley      ( Date: 30-Dec-2019 15:40) Posted: Have to add on, this $162million is over 3 years. So each year is about $50 million... WL123456      ( Date: 30-Dec-2019 15:38) Posted: Their latest contract is worth usd$162 million so No issues with their cash on hand . Apart from this customer , Mermaid has some others which will contribute to their bottom line so your worries are unfounded . We are talking about a usd$162mil contract , not 1.62mil.
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LongNobley Master	30-Dec-2019 15:40        LongNobley About Contact  Quote this Post!
x 0   x 0  Alert Admin	Have to add on, this $162million is over 3 years. So each year is about $50 million... WL123456      ( Date: 30-Dec-2019 15:38) Posted: Their latest contract is worth usd$162 million so No issues with their cash on hand . Apart from this customer , Mermaid has some others which will contribute to their bottom line so your worries are unfounded . We are talking about a usd$162mil contract , not 1.62mil. nqing87      ( Date: 30-Dec-2019 15:29) Posted: oh, the exception when i use NAV is if the main contributor to the NAV is due to cash:) any NAV contributor  due to physical assets (such as machinery) other than property related or cash are  valued 0  to me:
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trademaster Supreme	30-Dec-2019 15:39        trademaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	HSI free falling ...
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WL123456 Supreme	30-Dec-2019 15:38        WL123456 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Their latest contract is worth usd$162 million so No issues with their cash on hand . Apart from this customer , Mermaid has some others which will contribute to their bottom line so your worries are unfounded . We are talking about a usd$162mil contract , not 1.62mil. nqing87      ( Date: 30-Dec-2019 15:29) Posted: oh, the exception when i use NAV is if the main contributor to the NAV is due to cash:) any NAV contributor  due to physical assets (such as machinery) other than property related or cash are  valued 0  to me:) nqing87      ( Date: 30-Dec-2019 15:24) Posted: mermaid does have physical assets right? assets like their vessels/rigs etc.. i saw many oil/gas counters (ezion, vallianz, swiber, marco polo, POSH, sembcorp etc, just to name a few) doing impairments over the downcycle these few years  for whatever reasons like writing down trade receivables due to customer cannot pay or asset re-valuation or whatever.. Whatever assets those oil/gas counters own, on accounting purpose they may be value as such, but when they want to dispose these assets in bad market condition, they are just mere scraps.. when swiber close shop, the liquidators can only manage to liquidate the vessels at a fraction of the stated book value.. those assets such as their vessels are definitely not based on speculation and are probably amortized gradually & depreciated  from their purchase price over the years.. on accounting purpose, they may have high asset value, but when trying to dispose them desperately  in bad market situation, they are just scraps.. i never believe in NAV of counter to judge if they are undervalue, except for property & reits which are really hard to go down no matter how bad the market is.. just my opinion, but thanks for your sharing bro! im an investor who believe investing based on fundamentals like u do:
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nqing87 Supreme	30-Dec-2019 15:29        nqing87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	oh, the exception when i use NAV is if the main contributor to the NAV is due to cash:) any NAV contributor  due to physical assets (such as machinery) other than property related or cash are  valued 0  to me:) nqing87      ( Date: 30-Dec-2019 15:24) Posted: mermaid does have physical assets right? assets like their vessels/rigs etc.. i saw many oil/gas counters (ezion, vallianz, swiber, marco polo, POSH, sembcorp etc, just to name a few) doing impairments over the downcycle these few years  for whatever reasons like writing down trade receivables due to customer cannot pay or asset re-valuation or whatever.. Whatever assets those oil/gas counters own, on accounting purpose they may be value as such, but when they want to dispose these assets in bad market condition, they are just mere scraps.. when swiber close shop, the liquidators can only manage to liquidate the vessels at a fraction of the stated book value.. those assets such as their vessels are definitely not based on speculation and are probably amortized gradually & depreciated  from their purchase price over the years.. on accounting purpose, they may have high asset value, but when trying to dispose them desperately  in bad market situation, they are just scraps.. i never believe in NAV of counter to judge if they are undervalue, except for property & reits which are really hard to go down no matter how bad the market is.. just my opinion, but thanks for your sharing bro! im an investor who believe investing based on fundamentals like u do:) WL123456      ( Date: 30-Dec-2019 14:56) Posted: Mermaid is not the typical O and G counter. Her assets are valued not based on speculation. She provides supporting services to O and G firms but do not physically carry O and G assets like oil which are speculative .
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WL123456 Supreme	30-Dec-2019 15:27        WL123456 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The most important and distinct difference is mermaid has a mega contract that can last them till 2023. A material difference . The rest kaput because they don?t have the middle eastern bosses to keep them alive . Which is why mermaid is also a prime target for takeover . nqing87      ( Date: 30-Dec-2019 15:24) Posted: mermaid does have physical assets right? assets like their vessels/rigs etc.. i saw many oil/gas counters (ezion, vallianz, swiber, marco polo, POSH, sembcorp etc, just to name a few) doing impairments over the downcycle these few years  for whatever reasons like writing down trade receivables due to customer cannot pay or asset re-valuation or whatever.. Whatever assets those oil/gas counters own, on accounting purpose they may be value as such, but when they want to dispose these assets in bad market condition, they are just mere scraps.. when swiber close shop, the liquidators can only manage to liquidate the vessels at a fraction of the stated book value.. those assets such as their vessels are definitely not based on speculation and are probably amortized gradually & depreciated  from their purchase price over the years.. on accounting purpose, they may have high asset value, but when trying to dispose them desperately  in bad market situation, they are just scraps.. i never believe in NAV of counter to judge if they are undervalue, except for property & reits which are really hard to go down no matter how bad the market is.. just my opinion, but thanks for your sharing bro! im an investor who believe investing based on fundamentals like u do:) WL123456      ( Date: 30-Dec-2019 14:56) Posted: Mermaid is not the typical O and G counter. Her assets are valued not based on speculation. She provides supporting services to O and G firms but do not physically carry O and G assets like oil which are speculative .
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trademaster Supreme	30-Dec-2019 15:25        trademaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	Watch when music stops, will be interesting to see... trademaster      ( Date: 30-Dec-2019 15:20) Posted: BBs pushing depends when they want to unload and stop music. lovetoshare      ( Date: 30-Dec-2019 14:59) Posted: This mermaid won't survive long. P&L chui
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nqing87 Supreme	30-Dec-2019 15:24        nqing87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	mermaid does have physical assets right? assets like their vessels/rigs etc.. i saw many oil/gas counters (ezion, vallianz, swiber, marco polo, POSH, sembcorp etc, just to name a few) doing impairments over the downcycle these few years  for whatever reasons like writing down trade receivables due to customer cannot pay or asset re-valuation or whatever.. Whatever assets those oil/gas counters own, on accounting purpose they may be value as such, but when they want to dispose these assets in bad market condition, they are just mere scraps.. when swiber close shop, the liquidators can only manage to liquidate the vessels at a fraction of the stated book value.. those assets such as their vessels are definitely not based on speculation and are probably amortized gradually & depreciated  from their purchase price over the years.. on accounting purpose, they may have high asset value, but when trying to dispose them desperately  in bad market situation, they are just scraps.. i never believe in NAV of counter to judge if they are undervalue, except for property & reits which are really hard to go down no matter how bad the market is.. just my opinion, but thanks for your sharing bro! im an investor who believe investing based on fundamentals like u do:) WL123456      ( Date: 30-Dec-2019 14:56) Posted: Mermaid is not the typical O and G counter. Her assets are valued not based on speculation. She provides supporting services to O and G firms but do not physically carry O and G assets like oil which are speculative . nqing87      ( Date: 30-Dec-2019 14:09) Posted: Hi WL, how is this an undervalue stock? did i miss out something?  mermaid losses has widened in the latest quarter.. i suppose u are judging based on NAV? if so, NAV for oil/gas counters should just be taken as a pinch of salt.. they are not properties and those oil/gas assets can be just scrap metals when market is bad.. just like how some counters like swiber went under despite their high NAV.
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bishan22 Supreme	30-Dec-2019 15:23        bishan22 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Heavy volume.... huat till next year???
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Justice888 Supreme	30-Dec-2019 15:22        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thks Trader-101      ( Date: 30-Dec-2019 14:46) Posted: Haha Good Luck lor Justice888      ( Date: 30-Dec-2019 14:41) Posted: When I went Long at 0.158 for dyna mac I also think risky
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trademaster Supreme	30-Dec-2019 15:20        trademaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	BBs pushing depends when they want to unload and stop music. lovetoshare      ( Date: 30-Dec-2019 14:59) Posted: This mermaid won't survive long. P&L chui
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