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Unimpressive results. The CEO still sweet sweet honeymoon with Vivian Hsu?
This one debt too high. When the rig comes into action in 2016 and analyst expect profit to double but the debt will also be doubled. Between now and then too many events whether internal or external can affect its performance and hencec prices. I believe from now till then, there should be ample opportunities to take up a position with it, if it still prove worthy of it.
DYDD.
Marco Polo 2QFY14 net profit slumped 68% to $3m, while revenue increased 52% to $32.5m, thanks to increased demand in the Ship Building and Repair Operations segment of the Group. Gross margins fell 15ppt to 27% due to an absence of one-off redelivery fee gained in 2QFY13. Bottomline was also weighed by reduced contributions from a 79.6% decrease in contributions by JVs and associates.
MP sucks!
Great fundamentals, but share price always range-bound.
Booooorrrreeeeeeeeeeng...
Sembcorp Marine's subsidiary PPL Shipyard has signed a turnkey jack-up rig contract worth US$214.3 million with Marco Polo Drilling (I) Pte. Ltd., an indirect wholly-owned subsidiary of Marco Polo Marine Ltd, as well as the grant of an option for two sequential units of similar jack-up rigs to be exercised at MPM's discretion. The transaction contemplated under the contract is subject to approvals from the shareholders of MPM
Price moving up.
Today MPM open at 38.5c, up 7% in a week.
Should reach 40 easy, then 45 to 50c. People start to realise the huge hidden value & growth potential.
slownsteady ( Date: 16-Dec-2013 07:49) Posted:
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Friday, Dec 16 closing price is too cheap at 36.0c
Should hit 5-10% gains by end of the year (two weeks from now).
This counter is ready for huge revenue growth. If you pay attention to the details in the FR, on pg 14 you can see how the non-current assets in Indonesia market has grown over 5x within a year.
This is mostly the new fleet of offshore vessels, which has been reflagged to take advantage of the Cabotage laws in Indo. Marco has weathered through the tough part which is to build up the large fleet, with little revenue visibility. Chartering revenue is going to pick up now that this is completed, and there'll be great exposure when the revenue shoots up.
Octavia ( Date: 27-Nov-2013 09:44) Posted:
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Marco Polo Marine: Record Net Profit Of S$25.2 Million Achieved For FY2013 On The Back Of 9th Consecutive Year Of Record Revenue And Gross Profit.
Revenue upped by 4.1% to S$93.5 million in FY2013 from S$89.8 million in FY2012 with gross profit increased by 19.2% to S$34.8 million in FY2013 from S$29.2 million in FY2012. Laudable performance attributed mainly to the Group's ship chartering business, particularly from the offshore operations. EPS enhanced by 4.8% to 6.56 Singapore cents in FY2013 from 6.26 Singapore cents in FY2012 while NAV per share hiked by 15.5% to 47.8 Singapore cents as at 30 September 2013 from 41.4 Singapore cents as at 30 September 2012. Special interim dividend of 1.4 Singapore cents per share being declared...
Generally a well-run firm with a young CEO. Price is soft because of macro uncertainties in Indonesia. Given time, I think this firm will perform. My personal target price is above 50c.
johnng ( Date: 11-Sep-2013 11:23) Posted:
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Marco Polo Marine reported that its net profit halved in the fiscal third quarter to S$4.3 million from S$8.9 million, even as its revenue doubled.
Revenue grew to S$28.6 million from S$14.4 million on the back of higher demand for its ship chartering operations, the company said on Monday.
Finance costs increased about five-fold to S$1.6 million in the quarter, brought about mainly by a subsidiary's interest expense in connection with its vessel loans, said the company.
In the nine months to June 30, net profit gained 4 per cent to S$18.1 million. Revenue fell 7 per cent to S$65.1 million.
...recent low $0.365 (13 June)...
...strong support @ $0.370 ... strong resistant @ $0.400....
...$0.380 look attractive ....
