Swiber   

Swiber Holdings Limited

Court hearing in few weeks. Time flies. Will they approve Swiber under JM? Are the judges going to believe in 1.67 billions worth of projects? 

 

Sgx is strong but not the counter in sgx just short, if MTP is there better short everything sure earn de My 2 cent DYODD I maybe wrong

sheerluck      ( Date: 18-Sep-2016 14:11) Posted: This one must call air-strike liao. teeth53      ( Date: 18-Sep-2016 12:16) Posted: must short it down by 50% then can wakeup their idea.SGX        Last:7.49

 

This one must call air-strike liao.

teeth53      ( Date: 18-Sep-2016 12:16) Posted: must short it down by 50% then can wakeup their idea.SGX        Last:7.49  sheerluck      ( Date: 17-Sep-2016 21:39) Posted: SGX dont care about public investors.   How much can SGX earn from  our ikan bilis commission?   These crook coy at least give SGX stable listing fees, bank commission fees.   SGX needs to foot any bills when S-chp turns out to be fraudulent?   Only shareholder pays.   SGX regulatory function rely on companies to own up to their own mischief by sending them queries.   They really think fraudulent S-chip company will say Yes I am a crook company.   SGX asked something seems strange in your comany share price.   They expect the company to say yes I am frying it up to trap public money?   SGX is Singapore No1 wayang king.   Period. SGX is in denial and yet they deny they are in denial and they even deny they are denying.

 

must short it down by 50% then can wakeup their idea.SGX        Last:7.49 

sheerluck      ( Date: 17-Sep-2016 21:39) Posted: SGX dont care about public investors.   How much can SGX earn from  our ikan bilis commission?   These crook coy at least give SGX stable listing fees, bank commission fees.   SGX needs to foot any bills when S-chp turns out to be fraudulent?   Only shareholder pays.   SGX regulatory function rely on companies to own up to their own mischief by sending them queries.   They really think fraudulent S-chip company will say Yes I am a crook company.   SGX asked something seems strange in your comany share price.   They expect the company to say yes I am frying it up to trap public money?   SGX is Singapore No1 wayang king.   Period. SGX is in denial and yet they deny they are in denial and they even deny they are denying.

 

I' m not sure about the US law, but after the last financial crisis, I don' t have much confidence about Singapore laws to protect investors.

dragonboy76      ( Date: 18-Sep-2016 09:19) Posted: If I not wrong, US environment and Asia different. They can easily sue and lawyer can get a portion of the compensation as rewards. In US, many Ppl engage in lawsuit. Moreover their law is u sue, the other party has to show proof to defend. But in singapore, we r the other wsy round. lawyer fee so expensive and if we sue, we have to provide evidence.

 

If I not wrong, US environment and Asia different. They can easily sue and lawyer can get a portion of the compensation as rewards. In US, many Ppl engage in lawsuit. Moreover their law is u sue, the other party has to show proof to defend.

But in singapore, we r the other wsy round. lawyer fee so expensive and if we sue, we have to provide evidence.

 

Shareholder can take civil suit against the company if you have deep pocket.

Twitter Sued by Investor for Failing to Deliver on User Growth
By Sophia Pearson - 18 Sep 2016, 4:07:40 AM

Twitter Inc. was sued by a shareholder over claims it misled investors on key growth metrics, including user count and user engagement, almost two years after touting plans to top 500 million users.

The suit, filed Friday in federal court in San Francisco, comes as Twitter struggles to keep its audience from defecting to platforms such as Snapchat Inc. and Instagram Inc. Snapchat, the ninth-most-popular app in the U.S., surpassed 50 million monthly mobile app users in April, besting Twitter for the first time, Bloomberg Intelligence analysts Jitendra Waral and Sean Handrahan said in an Aug. 18 report, citing ComScore.

Shareholder Doris Shenwick claims Twitter executives misled investors on its growth prospects in November 2014, promising an increase in monthly active users to 550 million in the ?intermediate? term and more than a billion in the ?longer term.? The company failed to deliver on either estimate and concealed that it had no basis for those projections, the complaint said. As of June 30, the company had 313 million monthly active users, according to its website.

The lawsuit seeks class-action, or group, status to represent all shareholders who bought stock between Feb. 6, 2015, and July 28, 2015. Twitter officials didn?t immediately respond to an e-mail seeking comment on the filing.

After several quarters of stagnant user growth and slowing sales, the San Francisco-based company is banking on re-engaging its users by letting them watch live video alongside tweets. In one such move on Sept. 17, Twitter unveiled the first of 10 live streams in its much-hyped deal with the National Football League. CNBC reported that the first broadcast reached 2.1 million viewers.

The case is Doris Shenwick v. Twitter Inc., 16-cv-05314, U.S. District Court, Northern District of California (San Francisco).

More articles on Tech

 

SGX dont care about public investors.   How much can SGX earn from  our ikan bilis commission?   These crook coy at least give SGX stable listing fees, bank commission fees.   SGX needs to foot any bills when S-chp turns out to be fraudulent?   Only shareholder pays.   SGX regulatory function rely on companies to own up to their own mischief by sending them queries.   They really think fraudulent S-chip company will say Yes I am a crook company.   SGX asked something seems strange in your comany share price.   They expect the company to say yes I am frying it up to trap public money?   SGX is Singapore No1 wayang king.   Period.

SGX is in denial and yet they deny they are in denial and they even deny they are denying.

 

Other contractors listed overseas usually announce after contracts signed. Not LOI or lowest bidder. Swiber announcement results in their share price able to hold during this oil and gas downturn, then turns out are false claims. Swiber shares definately held better than Ezra these past 1-2 years. Due to these projects announcements. 

 

Addvalue tech. Annouced China party going buy over it' s satellite business for $200+ million around  24 cents per share when it' s NTA is only 1 cent and is trading at 5 cents during the annoucement during that time.

Then 2.5 years later, still talking about the buyover, not even a MOU signed. They keep kicking the can down the road.

Then during this period, they annouce some " road and belt" thingy a few mths ago, until now, no concrete action yet, just annoucement.

Never mind, recently the company annouce got some party interested in taking over the company WHILE THE CHINA DEAL' s STATUS  IS NOT EVEN  CLEAR and the " road and belt" thing are not seeing any concrete action yet.

SGX just issue a query, thats it..

strange..

dragonboy76      ( Date: 17-Sep-2016 18:32) Posted: I think there is 1 company 'china sky' (cannot really recall the name) last time intentionally mislead the public an kena investigate. Not sure about other companies. They can always say announcement is not firm and subject to review.... or deal is off because of.... in these cases, what can sgx do? And dun forget sgx also needs these companies to list and earn money from them. Sgx need them also. That is why public always say sgx wayang no use. And that is the reason why they r now going to separate regulatory body from sgx to avoid conflict of interest. Although wayang or not again I dunno.

 

Even Dbs bank believe 700m african contract was for real....wonder if someone was bought....

 

I think there is 1 company 'china sky' (cannot really recall the name) last time intentionally mislead the public an kena investigate. Not sure about other companies. They can always say announcement is not firm and subject to review.... or deal is off because of.... in these cases, what can sgx do?

And dun forget sgx also needs these companies to list and earn money from them. Sgx need them also. That is why public always say sgx wayang no use. And that is the reason why they r now going to separate regulatory body from sgx to avoid conflict of interest. Although wayang or not again I dunno.

 

like that anyone can just " collaborate" with someone else from some company  and annouce takeover (fake one).

Then share price rises, earn profit. Can sell thru' " proxy" , like tat SGX cant prove that the one involved in the fake deal profit from the annoucements.

Then annouce deal off. Do this for a few rounds, huat big big liao.

Some annoucement of takeover or buyover already more than 2 years still havent sign MOU, sure SGX has to do some investigation right? No only the buyover taking more than 2 years still no MOU, before the deal is confirm, they annouce another pending takeover, then share price rise abit.

Like that SGX also allow one meh? Cant SGX detect a red flag in this case? how come can suka suka annouce takeover/buyover with no consequences.. I find it amazing.

dragonboy76      ( Date: 17-Sep-2016 17:44) Posted: The conclusion is in this capital market, share prices are mostly manipulated. Some ppl gain and some lose. There is no real justice and u can only curse and swear if u lose. As most of u know and behave also, ppl only see rich ppl up, who care about general public? All these actions are wayang. The $$ u have invested no longer can get back. Just need to move on..

 

The conclusion is in this capital market, share prices are mostly manipulated. Some ppl gain and some lose. There is no real justice and u can only curse and swear if u lose. As most of u know and behave also, ppl only see rich ppl up, who care about general public? All these actions are wayang. The $$ u have invested no longer can get back. Just need to move on..

 

First, have to prove that there is misrepresentation. Announce MOU is nothing wrong.

Then, have to prove the misrepresentation is intentional. MOU failed is no a crime.

Then, have to prove the parties involved benefited from it.

sheerluck      ( Date: 17-Sep-2016 11:20) Posted: No and SGX is pretty relax about company annoucement sometime.   First thing someone needs to email SGX to alert them to suspicious annoucement but even though, they may not be able to access the information becos coy can cite confidentiality as reason (but really is excuse). SGX can only act when there is a breach of listing rule.   Now there are two serious flaws with this.   First their listing rules are really too loose.   Look at how S-chip bully SGX.   They didn' t breach any listing rules so SGX can' t do anything to them.   Second, they can only act when rules are breached, but when rules are breached, already gone case liao.   Shareholders are already stuck. On top of there, many listed coy market capital so small, pistol can manipulate liao unlike blue chip, you need artillery.   But many small retailers actually like to take risk and play penny. That' s why need very strong DD.   HazardKoh      ( Date: 17-Sep-2016 09:19) Posted: I wonder whether SGX verify the annoucements? If u look at addvalue tech, they also annouce takeover/buyover like dragon like tiger... After  2 years, nothing concrete, not even MOU signed and share price has been pushed up a few times whenever they annouced those takeover news which NOT ONE of them has been confirmed. Does SGX check or ask the commercial crime unit to investigate whether the annoucement is real or fake? I mean any CEO can just annouce  that  ABC is going to takeover and then push up the price and  then profit from it through his/her friends/kakis. Then either they annouce deal called off and another party is interested and the game continues. This is a form of market manipulation right? Can anyone suka suka annnouce takeover to push up the share price?? is there any mechanism to check? is it an offence to annouce fake news? Does SGX called in commercial crime unit to investigate?

 

No and SGX is pretty relax about company annoucement sometime.   First thing someone needs to email SGX to alert them to suspicious annoucement but even though, they may not be able to access the information becos coy can cite confidentiality as reason (but really is excuse).

SGX can only act when there is a breach of listing rule.   Now there are two serious flaws with this.   First their listing rules are really too loose.   Look at how S-chip bully SGX.   They didn' t breach any listing rules so SGX can' t do anything to them.   Second, they can only act when rules are breached, but when rules are breached, already gone case liao.   Shareholders are already stuck.

On top of there, many listed coy market capital so small, pistol can manipulate liao unlike blue chip, you need artillery.   But many small retailers actually like to take risk and play penny.

That' s why need very strong DD.  

HazardKoh      ( Date: 17-Sep-2016 09:19) Posted: I wonder whether SGX verify the annoucements? If u look at addvalue tech, they also annouce takeover/buyover like dragon like tiger... After  2 years, nothing concrete, not even MOU signed and share price has been pushed up a few times whenever they annouced those takeover news which NOT ONE of them has been confirmed. Does SGX check or ask the commercial crime unit to investigate whether the annoucement is real or fake? I mean any CEO can just annouce  that  ABC is going to takeover and then push up the price and  then profit from it through his/her friends/kakis. Then either they annouce deal called off and another party is interested and the game continues. This is a form of market manipulation right? Can anyone suka suka annnouce takeover to push up the share price?? is there any mechanism to check? is it an offence to annouce fake news? Does SGX called in commercial crime unit to investigate? sheerluck      ( Date: 16-Sep-2016 15:45) Posted: Now that you mentioned this, does the auditor needs to verify their order book?   This West Africa project was announced in Dec 2014 so will have passed through two audits FY14 and FY15.   Auditors didn' t pick up LOI was claimed as awarded?   If auditors knows but still ok then really becomes ENRON and AA relationship liao.

 

I wonder whether SGX verify the annoucements?

If u look at addvalue tech, they also annouce takeover/buyover like dragon like tiger... After  2 years, nothing concrete, not even MOU signed and share price has been pushed up a few times whenever they annouced those takeover news which NOT ONE of them has been confirmed.

Does SGX check or ask the commercial crime unit to investigate whether the annoucement is real or fake?

I mean any CEO can just annouce  that  ABC is going to takeover and then push up the price and  then profit from it through his/her friends/kakis. Then either they annouce deal called off and another party is interested and the game continues. This is a form of market manipulation right?

Can anyone suka suka annnouce takeover to push up the share price?? is there any mechanism to check? is it an offence to annouce fake news?

Does SGX called in commercial crime unit to investigate?

sheerluck      ( Date: 16-Sep-2016 15:45) Posted: Now that you mentioned this, does the auditor needs to verify their order book?   This West Africa project was announced in Dec 2014 so will have passed through two audits FY14 and FY15.   Auditors didn' t pick up LOI was claimed as awarded?   If auditors knows but still ok then really becomes ENRON and AA relationship liao. investshare      ( Date: 16-Sep-2016 15:17) Posted: Revenue and order recognition is not so straightforward. But each company should have its own recognition protocol, which is approved by Board, and of course subject to auditor challenge. If they take LOI as order, I think auditor needs to bear at least some responsibility

 

Swiber misses coupon payment again

 

Now that you mentioned this, does the auditor needs to verify their order book?   This West Africa project was announced in Dec 2014 so will have passed through two audits FY14 and FY15.   Auditors didn' t pick up LOI was claimed as awarded?   If auditors knows but still ok then really becomes ENRON and AA relationship liao.

investshare      ( Date: 16-Sep-2016 15:17) Posted: Revenue and order recognition is not so straightforward. But each company should have its own recognition protocol, which is approved by Board, and of course subject to auditor challenge. If they take LOI as order, I think auditor needs to bear at least some responsibility. franklinfour      ( Date: 15-Sep-2016 22:31) Posted: Khoolie, You are very right. Engaged by DBS, to protect DBS. Men on the street, left to be on the street. Khoolie. Even if they counted the bids as backlog, that is their own internal calculation. If  LOI, declare it is LOI. If L1 (lowest priced bid), declare L1. Don' t mislead or post inaccurate announcement to say that they had won. I have a feeling that they were trying to make investors and bankers happy, so we men on the street think they are ok and continue supporting. swv001: fully agree with you.

 

Revenue and order recognition is not so straightforward. But each company should have its own recognition protocol, which is approved by Board, and of course subject to auditor challenge. If they take LOI as order, I think auditor needs to bear at least some responsibility.

franklinfour      ( Date: 15-Sep-2016 22:31) Posted: Khoolie, You are very right. Engaged by DBS, to protect DBS. Men on the street, left to be on the street. Khoolie. Even if they counted the bids as backlog, that is their own internal calculation. If  LOI, declare it is LOI. If L1 (lowest priced bid), declare L1. Don' t mislead or post inaccurate announcement to say that they had won. I have a feeling that they were trying to make investors and bankers happy, so we men on the street think they are ok and continue supporting. swv001: fully agree with you.