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Don' t mind about VH. Just to lighten up the atmoshpere.
Normally, market reaction to bad news in offshore marine coy pretty quick and bad. But since it is so tightly held by the Lee' s, that may explain why price didn' t react so badly after the bad news.
Nanja-Monja ( Date: 18-Dec-2015 10:15) Posted:
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When they ordered the rig, oil price still > US$100. Frankly, this drop surprised most people. So wouldn' t fault them on this point. But at that time, ordering this rig is really taking a very big risk in term of the finance requirement. If we can say they made a bad judegment call now then is on hindsight.
Anyway, he may not enjoy during office hour but definitely happy after office hour=> happy hour.
pnuklis ( Date: 18-Dec-2015 10:13) Posted:
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What I know about Marcopolo
1. Queue at sell volume always more than buy volume.
2. 61,081,374 Shares held by DMG & Partners Securities Pte Ltd from 42,000,000 of which Nautical International Holdings Ltd is the beneficial owner.
3.14th - 15th Decemeber make announcement at SGX buy back 1,560,500 shares by substantial shareholder, Ownership from 58.16% become 58.93%.
When you notice, everytime the share price down, end of the day it will up again.
Nothing link with Vivian aura, the substantial shareholder buy back to hold the share price and the trading volume very low.
Sad that my mom still hold some and still queueing to sell.
Young man too greedy. Had a stable running company and out of greed went and ordered a Jackup to quickly flip and make couple of millions in the bargain. But the calculation went wrong horribly. Now kena and Sembmarine lawyers will screw the hell of MP Drilling with law suit which is in favour of Sembmarine. Now it default of payment and class issues making it more complicated. MPM will be forced to take delivery if he can still manage to drawdown the payment and stack the vessel. In the whole bargain MPM share holders kena big.
No buyers....so price unchange lah
RoundRound ( Date: 18-Dec-2015 09:53) Posted:
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Haha! Was thinking about D vs G as well!
RoundRound ( Date: 18-Dec-2015 09:53) Posted:
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Small David MPM pulled down a Goliath Sembmarine
sheerluck ( Date: 18-Dec-2015 09:48) Posted:
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Surprised that MPM share price still hold up till now. Looks like Vivian Hsu aura still strong......
" PPLS is of the view that the purported termination by MPD is to avoid its obligation to pay the second disbursement of 10 per cent of the contract price (US$21.43 million), that has already accrued and due to PPLS immediately on the execution of the contract," SembMarine said.
Sounds like MPD no money to settle the payment. Trade with caution. Legal action sue here sue there may drag in long time and spend much money.
Sembmar released a statement regarding mpm claims.
Implying that mpm is trying to wriggle its way out of the contract. According to the statement, mpm already deferred payment to ppl twice. Situation seems less favorable to mpm. Expecting mpm price to tanked soon.
Poor Vivian Hsu. Most peole got trapped by O&G. Even celebrity psi kanna.
Implying that mpm is trying to wriggle its way out of the contract. According to the statement, mpm already deferred payment to ppl twice. Situation seems less favorable to mpm. Expecting mpm price to tanked soon.
Poor Vivian Hsu. Most peole got trapped by O&G. Even celebrity psi kanna.
Walau....their.client la....nautical int holdings 42000000 shares held under dmg......lol
Nanja-Monja ( Date: 25-Nov-2015 16:43) Posted:
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So they trying to offload to silly retail investors at 60cts. The analysts not stupid. Retail investors don' t be silly then.
Nanja-Monja ( Date: 25-Nov-2015 16:43) Posted:
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RHB Securities Singapore Pte. Ltd., Securities Investments (previously known as DMG & Partners Securities own 42,239,000 unit of Marcopolo Marine share (12.55%)
0.60! Have to wait long long! Chairman busy with his 2Vs.
Oil price drop like shit still ask people to buy MPM @ 60cts. Even auntie uncles know not to touch O& G related coy. He is not stupid. So you should be really asking what is his (and their) intentions.
vivivava ( Date: 27-Apr-2015 10:11) Posted:
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Marco Polo starts legal proceedings against PPL Shipyard over cracked rig: http://splash247.com/marco-polo-starts-legal-proceedings-against-ppl-shipyard-over-cracked-rig/
Difficult times for Marcopolo. . Why touch items like rigs which is not your field? Now kena. Sembcorp will fight hard. This situation was not warranted
Marco Polo cancels rig construction contract: http://splash247.com/marco-polo-cancels-rig-construction-contract/
Manage to let go all at 0.23, better siamz......
Nam Cheong and MarcoPolo having a race....to the bottom....
treetops ( Date: 04-Aug-2015 10:11) Posted:
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