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One bad news after another one . KOM has more liabilities than assets.
Keppel Hits Awilco with Another Arbitration Notice, Rig Contract Cancellation
https://www.oedigital.com/news/483667-keppel-hits-awilco-with-another-arbitration-notice-rig-contract-cancellation
Is good news as less O&M contract meaning burn less cash .
look@bright ( Date: 05-Dec-2020 11:30) Posted:
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Give him some encouragement man... he is on the mend!
Stocky901 ( Date: 05-Dec-2020 14:44) Posted:
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Stocky901 ( Date: 05-Dec-2020 14:44) Posted:
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Taken your medicines ? Where is your usual bigger red font? Also never mentioned the credit rating for keppel? 😡 😡
bullrun6088 ( Date: 05-Dec-2020 09:52) Posted:
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market will react on monday, hopefully not so bad.
US$425M is not a small amount even to KC ?
https://links.sgx.com/1.0.0/corporate-announcements/NZND687V4NJVKGMK/1ea7db8af1bb1d0b34f557dcb66ad1294993de6f879b24dea9717d8f3163913b
TERMINATION OF CONTRACT WITH AWILCO RIG 2 PTE LTD Keppel Corporation Limited (the &ldquo Company&rdquo ) refers to: (a) its media release on 11 March 2018 on the contract secured by the Company&rsquo s wholly-owned subsidiary, Keppel FELS Limited (&ldquo Keppel FELS&rdquo ) from Awilco Drilling PLC for the construction of a mid-water semisubmersible drilling rig for harsh environment use, worth about US$425 million (&ldquo First Awilco Contract&rdquo ) (b) its announcement on 8 March 2019 on the contract secured by Keppel FELS from Awilco Drilling PLC for the construction of a repeat mid-water semisubmersible drilling rig for harsh environment use, worth about US$425 million (&ldquo Second Awilco Contract&rdquo ) and (c) its announcements on 9 June 2020 and 22 June 2020 on the termination of the First Awilco Contract. Based on the information available, Keppel FELS has assessed that Awilco Rig 2 Pte Ltd (&ldquo Awilco&rdquo ), a wholly-owned subsidiary of Awilco Drilling PLC that is the contracting party to the Second Awilco Contract, will not be able to make payment of the second instalment under the Second Awilco Contract, which is due and payable in March 2021. Keppel FELS has therefore issued a notice of termination of the Second Awilco Contract to Awilco and has commenced arbitration to enforce its rights against Awilco. Keppel FELS reserved all its rights against Awilco, including the right to retain the amounts already paid by Awilco to date (approximately US$43 million) and seek reimbursement of Keppel FELS&rsquo costs of the project up to the date of termination. As at the date of this announcement, Keppel FELS does not expect any reversal of revenue recognised in respect of the Second Awilco Contract. Based on the assumptions used in the Company&rsquo s latest announced unaudited consolidated financial statements for the half year ended 30 June 2020, no further impairment is expected. The valuation of the asset under the Second Awilco Contract will be assessed at the end of each financial reporting period. The Company will provide further updates as appropriate. 4 December 2020
TERMINATION OF CONTRACT WITH AWILCO RIG 2 PTE LTD Keppel Corporation Limited (the &ldquo Company&rdquo ) refers to: (a) its media release on 11 March 2018 on the contract secured by the Company&rsquo s wholly-owned subsidiary, Keppel FELS Limited (&ldquo Keppel FELS&rdquo ) from Awilco Drilling PLC for the construction of a mid-water semisubmersible drilling rig for harsh environment use, worth about US$425 million (&ldquo First Awilco Contract&rdquo ) (b) its announcement on 8 March 2019 on the contract secured by Keppel FELS from Awilco Drilling PLC for the construction of a repeat mid-water semisubmersible drilling rig for harsh environment use, worth about US$425 million (&ldquo Second Awilco Contract&rdquo ) and (c) its announcements on 9 June 2020 and 22 June 2020 on the termination of the First Awilco Contract. Based on the information available, Keppel FELS has assessed that Awilco Rig 2 Pte Ltd (&ldquo Awilco&rdquo ), a wholly-owned subsidiary of Awilco Drilling PLC that is the contracting party to the Second Awilco Contract, will not be able to make payment of the second instalment under the Second Awilco Contract, which is due and payable in March 2021. Keppel FELS has therefore issued a notice of termination of the Second Awilco Contract to Awilco and has commenced arbitration to enforce its rights against Awilco. Keppel FELS reserved all its rights against Awilco, including the right to retain the amounts already paid by Awilco to date (approximately US$43 million) and seek reimbursement of Keppel FELS&rsquo costs of the project up to the date of termination. As at the date of this announcement, Keppel FELS does not expect any reversal of revenue recognised in respect of the Second Awilco Contract. Based on the assumptions used in the Company&rsquo s latest announced unaudited consolidated financial statements for the half year ended 30 June 2020, no further impairment is expected. The valuation of the asset under the Second Awilco Contract will be assessed at the end of each financial reporting period. The Company will provide further updates as appropriate. 4 December 2020
transfer con corpse land to Capitaland for great better workmanship!!!!
transfer M1 to SingTel for better network quality
transfer infrastructure to ST Engineering
transfer con corpse O& M to SembCorp Marine
KARMA FOR DELISTING M1!!!!
transfer M1 to SingTel for better network quality
transfer infrastructure to ST Engineering
transfer con corpse O& M to SembCorp Marine
KARMA FOR DELISTING M1!!!!
550 this mth I hope
FATABA ( Date: 01-Dec-2020 09:52) Posted:
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tangoanna, yeah i cannot agree with you more on this. i have been monitoring the behaviour and charts.
this dec could be a surprise for everyone
just have to watch and be patience
this dec could be a surprise for everyone
just have to watch and be patience
not the right time to play this game
tangoanna ( Date: 10-Nov-2020 10:06) Posted:
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Kep as promise has make several asset sale n consolidation .....more coming up .
OnM decision is coming up w the 100 days by early Jan ......awaiting this outcome patiently .
Q1 result wld also come w dividend / shld be close to 10c
Dyodd
Happy investing.
OnM decision is coming up w the 100 days by early Jan ......awaiting this outcome patiently .
Q1 result wld also come w dividend / shld be close to 10c
Dyodd
Happy investing.
DIVESTMENT OF INTEREST IN DONG NAI WATERFRONT CITY LLC Keppel Corporation Limited (the " Company" ) wishes to inform that Keppel Land Limited (" KLL" ), through its wholly-owned subsidiary, Portsville Pte. Ltd. (" Portsville" ), is divesting its remaining 30% interest (the " Sale Stake" ) in Dong Nai Waterfront City LLC (" DNWC" ) to Nam Long Investment Corporation (" NLG" or the " Purchaser" ) (the " Divestment" ). This transaction follows the divestment of Portsville&rsquo s 70% interest in DNWC to NLG, which was announced on 28 January 2019 and 10 April 2019. DNWC is a joint-venture company incorporated under the laws of Vietnam and had been granted the right to develop a township in Dong Nai Province, Vietnam. The Divestment is in line with the Company&rsquo s plan to monetise identified assets and apply the balance sheet space that is released for new growth opportunities under its Vision 2030. The total consideration of the Sale Stake is VND1,951 billion (approximately S$115.9 million) (the " Consideration" ) and will be paid out in cash to Portsville in two tranches following completion of the Divestment. The Consideration was arrived at on a willing-buyer and willing-seller basis taking into account the unaudited net asset value of DNWC and prevailing market conditions. The adjusted net asset value attributable to the Sale Stake was approximately VND1,951 billion (approximately S$115.9 million) as at 30 October 2020. The Divestment is conditional upon certain conditions precedent being fulfilled, including but not limited to, the issuance of a new Enterprise Registration Certificate by the relevant Vietnamese authorities. Following completion of the Divestment, the Company will cease to hold any interest in DNWC. Financial Effects The gain on disposal is expected to be approximately S$52.5 million. Based on the latest audited financial statements of the Company for the financial year ended 31 December 2019 (" FY2019" ):
ROCKET IGNITED !!
Marine and offshore sector to pivot to new areas for long-term growth: Chan Chun Sing
https://www.straitstimes.com/business/economy/marine-and-offshore-sector-to-pivot-to-new-areas-for-long-term-growth-chan-chun
KC will see more high esp when asset are on review now .
Jus worth the time to wait it out ....:))
Happy investing.
Jus worth the time to wait it out ....:))
Happy investing.
tangoanna ( Date: 10-Nov-2020 10:06) Posted:
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Sometimes, the best strategy is to hold LONG. Esp for undervalue counters like KC.
Tried to act like a trader again by selling a portion of my REITs 2 days ago, no chance to buy back lower now.
Tried to act like a trader again by selling a portion of my REITs 2 days ago, no chance to buy back lower now.
tangoanna ( Date: 06-Nov-2020 16:16) Posted:
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Ya now all change neg ......nvm Biden racing up very very close.
Mkt tonite will be super interestin g.
Mkt tonite will be super interestin g.
danger ( Date: 06-Nov-2020 16:56) Posted:
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