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I have never seen a more bullish investor than Eagle of Share Junction.
Let say each buy queue is 1 million shares, the SBB can buy up to 50 millions shares for $2 share (will be getting less shares once the SP has gone above $2, need AI to help to calculate. LOL), so can go up by about 50 pips i.e. $0.50 If no further shares being thrown in and Seatrium used up all the SBB allocation. The ideal final SP will be $2.50 (assuming start to buy up from $2.00). If other funds and institutional investors and retailers also joining in to grab, the SP may go above that. But this wont be 1 day affair and based on a lots of assumptions.
Eagle88 ( Date: 09-May-2024 09:36) Posted:
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You are right. Once we are alert, the SP already above $2...LOL
MrBear12 ( Date: 08-May-2024 15:36) Posted:
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Question: Why are we on the first phase of rocketing to the moon?
Answer: We are valuable!
Basis:
Answer: We are valuable!
Basis:
Share buybacks offer window into Seatrium board& rsquo s perspective on its stock& rsquo s value
THE S$100 million share buyback programme announced by Seatrium on Apr 29 was interpreted positively by many investors & ndash and for good reason.
When companies choose to return capital in this manner, it is usually an indication that they are in good financial shape and are positive about their future.
There is also a shareholder value dimension to share buybacks: investors who hold on to their shares end up with a proportionately larger stake in the company.
Some investors also take share buybacks as a signal that a company& rsquo s board believes its shares are being undervalued by the market.
Indeed, the prices at which Seatrium executes its share buybacks are likely to be closely watched by investors for exactly this reason. The company& rsquo s board would be nailing their colours to the mast, and revealing the level at which they believe the beleaguered stock offers good value.
Seatrium& rsquo s shares have delivered a total return of minus 87.3 per cent since the beginning of 2020, in the wake of two deeply-discounted rights issues and the company& rsquo s controversial acquisition of Keppel Offshore and Marine (KOM).
These corporate moves expanded Seatrium& rsquo s share base from less than 2.1 billion to more than 68.2 billion. On Tuesday (May 7), the company began trading ex for a 20-to-1 share consolidation exercise that will shrink its number of shares back down to 3.4 billion.
Its shares closed Wednesday at S$1.88, which puts its market capitalisation at more than S$6.4 billion.
Many analysts and investors are confident that Seatrium is in the early stages of a sustained turnaround in profitability. Yet, repeated bouts of bad news and setbacks have weighed on its share price.
Earlier this year, Seatrium reported revenue of S$7.3 billion for 2023 versus S$1.9 billion for 2022. The company& rsquo s earnings before interest, taxes, depreciation and amortisation (Ebitda) for 2023 came in at S$236.4 million, a marked turnaround from negative S$6.6 million for 2022.
Seatrium was, however, hit by asset write-downs, provisions for onerous contracts, legal and corporate claims, and merger expenses. On top of that, it had to make a provision for financial penalties related to a decade-old bribery scandal in Brazil.
Seatrium& rsquo s former chief executive Wong Weng Sun and another former employee were charged in Singapore earlier this year for their involvement in the case.
The impact on the company& rsquo s bottom line was brutal. Seatrium reported a loss of more than S$2 billion for 2023, versus a loss of S$261.1 million for 2022.
Then, there was Seatrium& rsquo s Investor Day on Mar 15. The company said at the much-anticipated event that it was projecting revenue of as much as S$12 billion and Ebitda of S$1 billion by 2028.
These targets seemed to disappoint analysts and investors, judging from the sell-off that immediately followed. This raised questions about whether the market had been expecting too much, too quickly from Seatrium.
A turnaround in profitability at Seatrium is still very much on the cards, of course. OCBC Investment Research said in a report this week that the group& rsquo s focus in 2024 is to build a profitable and resilient business.
The report noted the company ended last year with a net order book of S$16.2 billion, with deliveries stretching to 2030.
The research house expects Seatrium to report earnings in 2024 of S$51 million, on revenue of almost S$7.8 billion. It is expecting earnings in 2025 of S$328 million, on revenue of S$9.2 billion.
Are these forecasts achievable? Even if they are, will they be sufficient to support and drive Seatrium& rsquo s market capitalisation higher?
This is where the share buyback programme Seatrium announced last week could be important.
Seatrium said the share buybacks will be funded with its existing cash holdings, and that the repurchased shares may be used in its share-based remuneration schemes or simply cancelled.
It stands to reason that Seatrium& rsquo s board will only authorise share buybacks at prices that represent good value for the company.
This window into the board& rsquo s thinking could be interesting for analysts and investors trying to price Seatrium& rsquo s shares following the completion of its acquisition of KOM and amid a rapidly unfolding expansion of its business operations.
The share buyback programme will probably not have much direct impact on Seatrium and its shareholders. The company& rsquo s share purchase mandate allows it to repurchase up to 2 per cent of its issued shares and it said last week that the S$100 million programme could take more than a year to be completed.
For Seatrium& rsquo s recently overhauled board, however, making the right call on the price at which to execute the share buybacks could be important in burnishing its standing among the company& rsquo s long-suffering shareholders.
👍
n3wbie ( Date: 08-May-2024 23:15) Posted:
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Thanks for sharing
n3wbie ( Date: 08-May-2024 23:15) Posted:
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Latest development on their company website - https://seatrium.listedcompany.com/newsroom/20240508_Press-Release_Seatrium-ABS-TCA-Signing_OTC.pdf
Share buyback any time from announcement.
Usually takes place in the afternoon when many are sleepy.
Usually takes place in the afternoon when many are sleepy.
Eagle88 ( Date: 08-May-2024 14:52) Posted:
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Very2 good question. It is a $100 million dollars question. LOL
Hopefully they wont buy at very high prices while they can do so now. Seatrium to decide. SGX will announce it once it is being carried out !!!
Hopefully they wont buy at very high prices while they can do so now. Seatrium to decide. SGX will announce it once it is being carried out !!!
SDEXXXXD ( Date: 08-May-2024 13:23) Posted:
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when they going to start the $100mil share buy back actions?
Lunch queues
Not too long
Afternoon action!
Not too long
Afternoon action!
| Bid Vol | Bid |
|---|---|
| 3,700 | 1.9400 |
| 484,400 | 1.9300 |
| 729,800 | 1.9200 |
| 1,117,100 | 1.9100 |
| 583,000 | 1.9000 |
| 359,100 | 1.8900 |
| 644,100 | 1.8800 |
| 440,100 | 1.8700 |
| 465,100 | 1.8600 |
| 434,500 | 1.8500 |
| 415,800 | 1.8400 |
| 268,000 | 1.8300 |
| 315,900 | 1.8200 |
| 416,500 | 1.8100 |
| 286,800 | 1.8000 |
| 219,900 | 1.7900 |
| 247,100 | 1.7800 |
| 236,100 | 1.7700 |
| 131,300 | 1.7600 |
| 29,300 | 1.7500 |
| Ask | Ask Vol |
|---|---|
| 1.9400 | 500,900 |
| 1.9500 | 779,700 |
| 1.9600 | 831,500 |
| 1.9700 | 998,900 |
| 1.9800 | 629,200 |
| 1.9900 | 591,000 |
| 2.0000 | 1,230,600 |
| 2.0100 | 550,000 |
| 2.0200 | 465,100 |
| 2.0300 | 440,000 |
| 2.0400 | 473,300 |
| 2.0500 | 534,600 |
| 2.0600 | 133,700 |
| 2.0700 | 104,600 |
| 2.0800 | 157,200 |
| 2.0900 | 120,500 |
| 2.1000 | 211,500 |
| 2.1100 | 101,100 |
| 2.1200 | 16,000 |
| 2.1300 | 200 |
Younger seniors can do that.
Older ones should go for CPFlife.
Older ones should go for CPFlife.
Eagle88 ( Date: 08-May-2024 11:07) Posted:
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That' s why some CPF members who have excess money in their accounts can invest in Seatrium for long or long2 term. No horse run if really buy until 2028 or beyond. The returns will be much2 higher than CPF rates.
MrBear12 ( Date: 08-May-2024 10:52) Posted:
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Good for some retirees who are hoping this rises fast so that they can enjoy its fruits.
May we all live beyond 2028!
And in good health.
A toast to good health
May we all live beyond 2028!
And in good health.
A toast to good health
Eagle88 ( Date: 08-May-2024 10:49) Posted:
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Good for TH and all Singaporeans and all SH !!! LOL
huattuatua ( Date: 08-May-2024 10:31) Posted:
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I like this, Eagle.
No wonder you are Eagle.
They fly very high!
No wonder you are Eagle.
They fly very high!
Eagle88 ( Date: 08-May-2024 10:33) Posted:
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Take a photo of this for rememberance. Just like Jim Carrey wrote himself a cheque of $10 Millions while he was unemployed before he became rich and famous !!!
Must have hope !!! So > 100 Billions Cap is not impossible for Seatrium !!!
Must have hope !!! So > 100 Billions Cap is not impossible for Seatrium !!!
Eagle88 ( Date: 08-May-2024 10:27) Posted:
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no worries bro,
hahah
seatrium mkt cap is greater than dbs, swee la
hahah
seatrium mkt cap is greater than dbs, swee la
Eagle88 ( Date: 08-May-2024 10:23) Posted:
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Today, this displays 132bn
tomolo, it' ll be around 7bn.
tomolo, it' ll be around 7bn.
Eagle88 ( Date: 08-May-2024 10:25) Posted:
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