Post Reply
121-140 of 168
Must remind Falcom to buy coffee for the analysts!
lecter ( Date: 23-Aug-2013 11:09) Posted:
Been looking into this coy for a while now and it looks like the management is quietly ambitious and shrewd, this is not the first time they see opportunities like this to take advantage of the market demand and by the way they are building another 2 bigger rigs which I believe will be sold again. http://www.offshoreenergytoday.com/china-csic-to-build-jack-ups-worth-up-to-872-mln/
Back in 2008/2009, their services were in high demand in Indonesia and were raking in crazy margins for their marine division. The pattern looks similar again judging from the service contracts won in their Indonesian marine division and many of their vessels were reflagged to Indonesian due to carbotage laws. If Marco polo receive so much coverage on this, why not FEG? (Different vessel types maybe? AHTS vs Work Barge). And the another hidden jewel in FEG is their coal assets, currently they have already accumulated 3 concession in Kalimantan at very low prices and are looking for more. The reserve is understood to be of higher quality and as much as the other mining company on SGX and will already be profitable you they go production.
Strangely no brokerage or research is covering them now. I know SIAS have one but nothing ever since 2 quarters ago....
|
|
Been looking into this coy for a while now and it looks like the management is quietly ambitious and shrewd, this is not the first time they see opportunities like this to take advantage of the market demand and by the way they are building another 2 bigger rigs which I believe will be sold again. http://www.offshoreenergytoday.com/china-csic-to-build-jack-ups-worth-up-to-872-mln/
Back in 2008/2009, their services were in high demand in Indonesia and were raking in crazy margins for their marine division. The pattern looks similar again judging from the service contracts won in their Indonesian marine division and many of their vessels were reflagged to Indonesian due to carbotage laws. If Marco polo receive so much coverage on this, why not FEG? (Different vessel types maybe? AHTS vs Work Barge). And the another hidden jewel in FEG is their coal assets, currently they have already accumulated 3 concession in Kalimantan at very low prices and are looking for more. The reserve is understood to be of higher quality and as much as the other mining company on SGX and will already be profitable you they go production.
Strangely no brokerage or research is covering them now. I know SIAS have one but nothing ever since 2 quarters ago....
SALE OF TWO GUSTO MSC CJ46-X100 JACK-UP DRILLING RIGS
The Board of Directors of Falcon Energy Group Limited (the ?
The novation fee payable by COSL Drilling Power Pte Ltd to TS Amber Limited and COSL Drilling Craft Pte Ltd to TS Pearl Limited (as the case may be) for the novation of each shipbuilding contract was arrived at on a " willing buyer willing seller" basis.
Both TS Amber Limited and TS Pearl Limited are wholly-owned by TS Drilling Pte. Ltd. (?
.Directors? and Substantial Shareholders? Interests
Save as disclosed above and save for the shareholding interests in the Company, none of the directors or substantial shareholders of the Company has any interest, direct or indirect, in the transaction.
Financial Impact
These transactions are expected to be positive for the Group for the financial year ending 31 March 2014.
Company?, together with its subsidiaries, collectively referred to as the ?Group?) wishes to announce that its indirect subsidiaries, TS Amber Limited and TS Pearl Limited, have entered into two sale and purchase agreements and two novation agreements with COSL Drilling Power Pte Ltd and COSL Drilling Craft Pte Ltd respectively, to novate their rights and obligations under the shipbuilding contracts relating to the design, construction and delivery of the two Gusto MSC CJ46-X100 jack-up drilling rigs (?Rigs?).TS Drilling?), an indirect subsidiary of the Company. TS Drilling is a 70%-owned subsidiary of FTS Derricks Pte. Ltd., which is 65% owned by the Company and 35% owned by Mr Cai Wenxing (a director of the Company)Octavia ( Date: 04-Jul-2013 20:17) Posted:
| Further to an announcement in Jan, the JV between Falcon, Keppel Corp and PetroVietnam Drilling & Well Service Corp, to invest, own and charter oil rigs, and provide drilling and associated services, has been set up. The shareholdings in the JV has been amended such that Falcon owns 10%, Keppel 35% and PetroVietnam 55%. No material financial impact is expected yet for FYMar14. |
|
what say you guys on the prospect of this company?
Further to an announcement in Jan, the JV between Falcon, Keppel Corp and PetroVietnam Drilling & Well Service Corp, to invest, own and charter oil rigs, and provide drilling and associated services, has been set up. The shareholdings in the JV has been amended such that Falcon owns 10%, Keppel 35% and PetroVietnam 55%. No material financial impact is expected yet for FYMar14.
how will this perform after their announcement and keppel's
This one profit company (better than last year), no one buy but buy the other big guy. *scratch*
I am pretty sure this counter will be up like crazy next few weeks. BBs, please come to trade before too late.
...Warren Buffett bought energy stock....
...maybe fund manager / investors etc will buy into energy stock here as well.... follow the winner...
dWOW, pretty good results. Proposed Dividend, $0.005 per share. First time since 05 May 2011. Tomorrow this counter will spike. Chiong!
why not results today?
4th Qtr end 31/12/12 : Profit US$ 5.2m vs
LOSS of US$ 1.8m for the same period last yr.
12 mths end 31/12/12 : Profit US$ 10.8m vs US$ 5.3m for the same period last yr.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_CB9FE9404728600848257B0B00415922/$file/FEG_results.pdf?openelement Financial year changed to end at 31 Mar, hence tmr will announce 15 mths results (Jan 2012 to Mar 2013). Results expected to be very much better than same period last yr!!
slslslsl ( Date: 29-May-2013 13:33) Posted:
| Any comments on results tmr? |
|
Any comments on results tmr?
last done : 0.365
WanSiTong ( Date: 16-May-2013 11:28) Posted:
Results to be out soon, before end of May !!
slslslsl ( Date: 15-May-2013 09:40) Posted:
|
Anyone know when this company will be announced Q1 results? |
|
|
|
Time: 11:18AM
Exchange: SGX
Stock: FalconEne(5FL)
Signal: Bullish MACD Crossover
Last Done: $0.365
ChartGenie
WanSiTong ( Date: 16-May-2013 13:50) Posted:
|
Change of financial year end & results release dates:
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_5F98765630D864D048257A9C003B2A4D/$file/FEG_Annt_ChgFYE.pdf?openelementWanSiTong ( Date: 16-May-2013 11:28) Posted:
Results to be out soon, before end of May !!
slslslsl ( Date: 15-May-2013 09:40) Posted:
|
Anyone know when this company will be announced Q1 results? |
|
|
|
Results to be out soon, before end of May !!
slslslsl ( Date: 15-May-2013 09:40) Posted:
|
Anyone know when this company will be announced Q1 results? |
|
