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Falcon Energy

These are interesting :

* the recent sale of its two 45.5% owned Gusto MSC CJ46-X100 jack-up rigs at an estimated price of US$225m each last month. These two rigs have a cost of roughly US$196m each, assuming interest cost, agency fees and others. Netting off the figures, the transaction works out to an attributable profit of US$26m which Falcon will probably recognize in its upcoming 2Q results.

* Contributions from associates will probably cutback to below US$1m following the recent write-down in its 29% owned CH Offshore and lower chartering revenue.

(Extracted from 1Q 13 Financial Announcement :For the period under review, the Company?s 29.07% associate, CH Offshore Ltd, made an allowance of doubtful trade debts of US$43.95 million in it?s full year results. This resulted in the Group recording a share of net loss of US$12.77 million. The share of net loss of associates was US$8.98 million in 1Q 2014 due mainly to this allowance. The Group would have, otherwise, recorded a profit before tax of approximately US$8.01 million if this allowance was not made. )

* Nonetheless, we expect the marine division to lead the group in profitability and Falcon may generate US$5m, US$7m and US$7m PAT for the next three quarters. We leave our estimates for the oilfield services and oilfield projects intact and assume negligible contribution from the resource division.

* In view of the positive outlook, we now revise our intrinsic value to S$0.550 per share. Maintain Increase Exposure.

Falcon Energy Group - Getting a Lift in 2Q FY14

Written By Stock Fanatic on Wednesday, September 25, 2013 | 9/25/2013

We noted that Falcon Energy Group (Falcon) recently carried out some share buy-back activities and absorbed back approximately 2m shares (at an average daily price of between 34.8 cts and 37.2 cts) from the open market this month. This seems to be a signal from the management that Falcon?s current share price is not justified.

The move may be partially explained by the recent sale of its two 45.5% owned Gusto MSC CJ46-X100 jack-up rigs at an estimated price of US$225m each last month. These two rigs have a cost of roughly US$196m each, assuming interest cost, agency fees and others.

Netting off the figures, the transaction works out to an attributable profit of US$26m which Falcon will probably recognize in its upcoming 2Q results.

On the marine division, we expect the company to deploy its 2X 78m multi-functional support vessels over the next two months and these vessels are capable of generating bareboat annual revenue of US$9+m each, if fully deployed. We also expect charter rates for the other vessels to be healthy given current high energy prices and active drilling programmes. We now estimate utilization rate for the remaining FY2014 to be around 80%.

Contributions from associates will probably cutback to below US$1m following the recent write-down in its 29% owned CH Offshore and lower chartering revenue.

Nonetheless, we expect the marine division to lead the group in profitability and Falcon may generate US$5m, US$7m and US$7m PAT for the next three quarters. We leave our estimates for the oilfield services and oilfield projects intact and assume negligible contribution from the resource division.

In view of the positive outlook, we now revise our intrinsic value to S$0.550 per share. Maintain Increase Exposure.

Falcon?s share price has also recovered to near its one-year high level of S$0.42 per share. As of end June 2013, Falcon has 162.8m outstanding warrants with an exercise price of S$0.40 per share. The last conversion date for the warrant is 1 Nov 2013. (Read Report)

Will there be any upside tommorrow??? I'm vested...

Daily shares buy back :

25/9 : 264K

Total to date : 3.428M

Singapore's Falcon Energy jumps on broker report

SINGAPORE, Sept 25 (Reuters) - Shares in Singapore's Falcon
Energy Group Ltd jumped 6 percent to their highest in
about 2-1/2 years as traders cited an upbeat report on the
offshore marine and oil and gas company by brokerage Voyage
Research.
Voyage expects Falcon's marine division to lead the group in
profitability and said the company may book revenue in its
second quarter from the recent sale of its two partly owned
jack-up rigs. Voyage set an intrinsic target of S$0.55 on the
small-cap company and maintained its " increase exposure" rating.
Falcon's shares rose to S$0.44, with 16.8 million shares
traded, 11 times the average full-day volume traded over the
past 30 days.
In the broader market, volume was thin in large-cap stocks.
The Straits Times Index < .FTSTI> edged up 0.3 percent to
3,220.4, supported by banks DBS Group and
Oversea-Chinese Banking Corp , while Singapore Exchange
fell 2.1 percent. MSCI's index of Asia-Pacific shares
outside Japan < .MIAPJ0000PUS> was little changed.

Source : MayBank Kim Eng Research

Daily shares buy back :

24/9 : 950K

Total to date : 3.164M

Falcon Energy Group ST: the upside prevails as long as 0.339 is support

Trading Central | 2013-09-16 23:07:00

Alternative scenario: the downside breakout of 0.339 would call for 0.3 and 0.276.

Our pivot point is at 0.339.

Our preference: the upside prevails as long as 0.339 is support.

Alternative scenario: below 0.339, expect 0.3 and 0.276.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 0.35 and 0.34).

Supports and resistances:
0.482 *
0.458 **
0.434
0.375 last
0.354
0.339 **
0.3 *

Copyri

You are right! Huat arh......

Name	Listing Date	Expiry / Closing Date	Conversion Ratio	Exercise Price	Outstanding Bal
FALCON ENERGY GROUP W131102	08 Nov 2010	02 Nov 2013	1.00000	0.40000	162,818,594

edwinjup ( Date: 17-Sep-2013 21:27) Posted:

Seems like co try to make some premium for wrt holder to convert...wrt holder need to pay 40cents to convert..expired within two months....it a lot of money for the co

edwinjup ( Date: 17-Sep-2013 21:22) Posted:

Seems co try to m

Will go up up up @50??? huat ah

WanSiTong ( Date: 17-Sep-2013 21:42) Posted:

Today manage to close at recent high of 0.40

WanSiTong ( Date: 17-Sep-2013 21:38) Posted:

Shares buy back by the Co from 11/9 to 16/9 : 2.214M shares

Huat arh.......

Today manage to close at recent high of 0.40

WanSiTong ( Date: 17-Sep-2013 21:38) Posted:

Shares buy back by the Co from 11/9 to 16/9 : 2.214M shares

Huat arh........

WanSiTong ( Date: 11-Sep-2013 21:23) Posted:

Co shares but back today.

Falcon Energy Group ST: the downside prevails as long as 0.362 is resistance

Trading Central | 2013-09-09 22:59:00

Alternative scenario: the upside breakout of 0.362 would call for 0.397 and 0.417.

Our pivot point stands at 0.362.

Our preference: the downside prevails as long as 0.362 is resistance.

Alternative scenario: above 0.362, look for 0.397 and 0.417.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 0.34 and 0.34).

Supports and resistances:
0.397 *
0.362 **
0.349
0.33 last
0.285
0.265 **
0.245 *

C

Shares buy back by the Co from 11/9 to 16/9 : 2.214M shares

Huat arh........

WanSiTong ( Date: 11-Sep-2013 21:23) Posted:

Co shares but back today.

Falcon Energy Group ST: the downside prevails as long as 0.362 is resistance

Trading Central | 2013-09-09 22:59:00

Alternative scenario: the upside breakout of 0.362 would call for 0.397 and 0.417.

Our pivot point stands at 0.362.

Our preference: the downside prevails as long as 0.362 is resistance.

Alternative scenario: above 0.362, look for 0.397 and 0.417.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 0.34 and 0.34).

Supports and resistances:
0.397 *
0.362 **
0.349
0.33 last
0.285
0.265 **
0.245 *

C

Seems like co try to make some premium for wrt holder to convert...wrt holder need to pay 40cents to convert..expired within two months....it a lot of money for the co

edwinjup ( Date: 17-Sep-2013 21:22) Posted:

Seems co try to m

Co shares but back today.

Falcon Energy Group ST: the downside prevails as long as 0.362 is resistance

Trading Central | 2013-09-09 22:59:00

Alternative scenario: the upside breakout of 0.362 would call for 0.397 and 0.417.

Our pivot point stands at 0.362.

Our preference: the downside prevails as long as 0.362 is resistance.

Alternative scenario: above 0.362, look for 0.397 and 0.417.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 0.34 and 0.34).

Supports and resistances:
0.397 *
0.362 **
0.349
0.33 last
0.285
0.265 **
0.245 *

C

Falcon Energy Group ST: target 0.273

Trading Central | 2013-09-02 23:03:00

Alternative scenario: above 0.378, look for 0.414 and 0.436.

Our pivot point stands at 0.378.

Our preference: target 0.273.

Alternative scenario: above 0.378, look for 0.414 and 0.436.

Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day MA (0.34) but above its 50 day MA (0.34).

Supports and resistances:
0.414 *
0.378 **
0.364
0.34 last
0.294
0.273 **
0.253 *

Copyright 1999 - 2013 TRA

Falcon Energy Group ST: the upside prevails as long as 0.321 is support

Trading Central | 2013-08-26 23:08:00

Our preference: the upside prevails as long as 0.321 is support.

Our pivot point is at 0.321.

Our preference: the upside prevails as long as 0.321 is support.

Alternative scenario: the downside breakout of 0.321 would call for 0.285 and 0.264.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 0.35 and 0.34).

Supports and resistances:
0.474 *
0.45 **
0.427
0.35 last
0.336
0.321 **
0.285 *

C

Falcon Energy Group ST: above its upper Bollinger band

Trading Central | 2013-08-19 22:51:00

Alternative scenario: below 0.324, expect 0.291 and 0.271.

0.324 is our pivot point.

Our preference: the upside prevails as long as 0.324 is support.

Alternative scenario: below 0.324, expect 0.291 and 0.271.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 0.34 and 0.34). Finally, Falcon Energy Group is trading above its upper Bollinger band (standing at 0.37).

Sup

Correct me if I'm wrong. I do not think the ceo will run his company aground by doing stupid things

He owns more than 60% of the coy and probably paid abt to 8-10mil for the initial purchase of the $0.10 warrants 2 years ago.

But wouldn't be surprised if he chose to let the warrants expired. Too much money needed from his own pockets to convert to shares.

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Falcon Energy

Falcon Energy Group - Getting a Lift in 2Q FY14

Written By Stock Fanatic on Wednesday, September 25, 2013 | 9/25/2013