Falcon Energy   

FALCON ENERGY - UNDERVALUED WINNER TOP STOCK PICK

BRO,

WHAT IS THE LIKELY ' BLACKHOLE' TGT FOR THIS COUNTER FOR THE NXT 3 TO 6 MTHS.

ANY CHAMPION OPINION?

 

the last scoop around 11c + ... i already took profit around   13c

 

Now this is new investment

 

Bro, you shouldn' t encourage him.   We all know a bigger bomb is coming.   Now price is slowly reacting to that.   12cts, you scoop, 10cts you also scoop.   Your holding power is strong!

danger      ( Date: 14-May-2017 20:14) Posted: Bro you are the real hero in falcon !!?? Possibly 2nd to CEO with no of shares ... MarcPh      ( Date: 14-May-2017 15:45) Posted: I have falcon for more than 2 years, with over 1000lots by now after averaging down. I lost enough money in Falcon to pay for a new car in full. Falcon hinted about the loss-recognition on CH Offshore' s sale in next quarterly report: Revenue collapsed by 74% in latest quarterly-report ending 31 Mar 17. This is crazy. Oil price was stronger after Christmas, we thought the worst was over, but apparently, not. Falcon' s management owes the shareholder' s an explanation why CHO was being siphoned off at 50% discount to last-traded. Six to nine months ago, they were still doing shares buy-back for CHO and FE. Now we wonder whether the auditors will recognize the value at 13cents per share (sold in bulk to Zhang Haibo) or current market valuation (23 cents last-traded). Can shareholders of FE seek injunction like Rickers Maritime' s noteholder Mr Peter Kwok to stop the unfair sale? i think we can' t because the shares have been transfered by now. http://splash247.com/rickmers-maritime-investor-seeks-injunction-stop-fleet-sale-navios According to the latest balance sheet, the cash in hand is halved to US$14.3mio but over US$127mio of debts are due within 12 months, of which at least US$35mio will be due within 4 months. With a 74% dropped in sales, Falcon can only depend on asset-sales to build her cashpile but any asset sales will likely crash the NTA for the company. (Current market cap is merely US$55mio) Taking clue from the debts & cashflow, the selldown will persist for another 6 months, I think there is not much issue if they can repay or refinance their debt obligations in the next 6 months. At this moment, only a US$60 oil can save Falcon, otherwise, we will expect some major restructuring of the company within the next six months. Like kangaroo' s opinion, I think we have to wait for Falcon to bottom. Let' s keep this stock in cold storage and review it in 2018

 

hahah, don' t mock me lah.  I am peanuts.
Lose until scared liao

All the best, gentlemen!

danger      ( Date: 14-May-2017 20:14) Posted: Bro you are the real hero in falcon !!?? Possibly 2nd to CEO with no of shares ... MarcPh      ( Date: 14-May-2017 15:45) Posted: I have falcon for more than 2 years, with over 1000lots by now after averaging down. I lost enough money in Falcon to pay for a new car in full. Falcon hinted about the loss-recognition on CH Offshore' s sale in next quarterly report: Revenue collapsed by 74% in latest quarterly-report ending 31 Mar 17. This is crazy. Oil price was stronger after Christmas, we thought the worst was over, but apparently, not. Falcon' s management owes the shareholder' s an explanation why CHO was being siphoned off at 50% discount to last-traded. Six to nine months ago, they were still doing shares buy-back for CHO and FE. Now we wonder whether the auditors will recognize the value at 13cents per share (sold in bulk to Zhang Haibo) or current market valuation (23 cents last-traded). Can shareholders of FE seek injunction like Rickers Maritime' s noteholder Mr Peter Kwok to stop the unfair sale? i think we can' t because the shares have been transfered by now. http://splash247.com/rickmers-maritime-investor-seeks-injunction-stop-fleet-sale-navios According to the latest balance sheet, the cash in hand is halved to US$14.3mio but over US$127mio of debts are due within 12 months, of which at least US$35mio will be due within 4 months. With a 74% dropped in sales, Falcon can only depend on asset-sales to build her cashpile but any asset sales will likely crash the NTA for the company. (Current market cap is merely US$55mio) Taking clue from the debts & cashflow, the selldown will persist for another 6 months, I think there is not much issue if they can repay or refinance their debt obligations in the next 6 months. At this moment, only a US$60 oil can save Falcon, otherwise, we will expect some major restructuring of the company within the next six months. Like kangaroo' s opinion, I think we have to wait for Falcon to bottom. Let' s keep this stock in cold storage and review it in 2018

 

Bro you are the real hero in falcon !!??

Possibly 2nd to CEO with no of shares ...

MarcPh      ( Date: 14-May-2017 15:45) Posted: I have falcon for more than 2 years, with over 1000lots by now after averaging down. I lost enough money in Falcon to pay for a new car in full. Falcon hinted about the loss-recognition on CH Offshore' s sale in next quarterly report: Revenue collapsed by 74% in latest quarterly-report ending 31 Mar 17. This is crazy. Oil price was stronger after Christmas, we thought the worst was over, but apparently, not. Falcon' s management owes the shareholder' s an explanation why CHO was being siphoned off at 50% discount to last-traded. Six to nine months ago, they were still doing shares buy-back for CHO and FE. Now we wonder whether the auditors will recognize the value at 13cents per share (sold in bulk to Zhang Haibo) or current market valuation (23 cents last-traded). Can shareholders of FE seek injunction like Rickers Maritime' s noteholder Mr Peter Kwok to stop the unfair sale? i think we can' t because the shares have been transfered by now. http://splash247.com/rickmers-maritime-investor-seeks-injunction-stop-fleet-sale-navios According to the latest balance sheet, the cash in hand is halved to US$14.3mio but over US$127mio of debts are due within 12 months, of which at least US$35mio will be due within 4 months. With a 74% dropped in sales, Falcon can only depend on asset-sales to build her cashpile but any asset sales will likely crash the NTA for the company. (Current market cap is merely US$55mio) Taking clue from the debts & cashflow, the selldown will persist for another 6 months, I think there is not much issue if they can repay or refinance their debt obligations in the next 6 months. At this moment, only a US$60 oil can save Falcon, otherwise, we will expect some major restructuring of the company within the next six months. Like kangaroo' s opinion, I think we have to wait for Falcon to bottom. Let' s keep this stock in cold storage and review it in 2018. AndyLoss      ( Date: 12-May-2017 23:04) Posted: running in loss 5K with this one... any hope for the next year .. need atleast 0.120 .... any advice from experts will help ...

 

I am tempted to bottom fishing and looking at few O&G companies. Already vested in Nordic and GSS cos their business profiles are a bit dissimilar to those pure O&G thus providing some protection to downside. Falcon bought CH for its cash and now have to sell part of it cheaply to repay debt. In the process, CH's cash dwindled and we don't know when the O&G can pick up. Falcon and CH if can survive this down cycle I think the potential upside could be attractive. But I don't have too much fund available and will continue to monitor. Trying to build up my cash as the economy outlook is not clear. Equities and bonds yield are both inching upward which is strange.

 

I have falcon for more than 2 years, with over 1000lots by now after averaging down. I lost enough money in Falcon to pay for a new car in full.

Falcon hinted about the loss-recognition on CH Offshore' s sale in next quarterly report:

• Revenue collapsed by 74% in latest quarterly-report ending 31 Mar 17. This is crazy. Oil price was stronger after Christmas, we thought the worst was over, but apparently, not.
• Falcon' s management owes the shareholder' s an explanation why CHO was being siphoned off at 50% discount to last-traded. Six to nine months ago, they were still doing shares buy-back for CHO and FE. Now we wonder whether the auditors will recognize the value at 13cents per share (sold in bulk to Zhang Haibo) or current market valuation (23 cents last-traded). Can shareholders of FE seek injunction like Rickers Maritime' s noteholder Mr Peter Kwok to stop the unfair sale? i think we can' t because the shares have been transfered by now. http://splash247.com/rickmers-maritime-investor-seeks-injunction-stop-fleet-sale-navios
• According to the latest balance sheet, the cash in hand is halved to US$14.3mio but over US$127mio of debts are due within 12 months, of which at least US$35mio will be due within 4 months. With a 74% dropped in sales, Falcon can only depend on asset-sales to build her cashpile but any asset sales will likely crash the NTA for the company. (Current market cap is merely US$55mio)

Taking clue from the debts & cashflow, the selldown will persist for another 6 months, I think there is not much issue if they can repay or refinance their debt obligations in the next 6 months. At this moment, only a US$60 oil can save Falcon, otherwise, we will expect some major restructuring of the company within the next six months. Like kangaroo' s opinion, I think we have to wait for Falcon to bottom. Let' s keep this stock in cold storage and review it in 2018.

AndyLoss      ( Date: 12-May-2017 23:04) Posted: running in loss 5K with this one... any hope for the next year .. need atleast 0.120 .... any advice from experts will help ...   sheerluck      ( Date: 12-May-2017 21:34) Posted: Can' t really say much of the results.   Poor it is but kinda expected it will not be good anyway.   Don' t think price will move alot.

 

Both FEG and CHO performance seems to have started to deteriorate rapidly.   Mgmt doesn' t sound very optimistic about the road   ahead.

In addtional, FEG recently sold a big chunk of CHO for $20mil to repay CIMB loan.   For this transaction, FEG lose about $36mil.   This will show up in Q4 as the Chairman said.   So brace yourself for a bumpy ride.

AndyLoss      ( Date: 12-May-2017 23:04) Posted: running in loss 5K with this one... any hope for the next year .. need atleast 0.120 .... any advice from experts will help ...   sheerluck      ( Date: 12-May-2017 21:34) Posted: Can' t really say much of the results.   Poor it is but kinda expected it will not be good anyway.   Don' t think price will move alot.

 

Good strategy .. let' s meet again after a year :)

kangaroo11      ( Date: 13-May-2017 16:51) Posted: i always break up my capital into 4 tranche, averaging down at 20-30% intervals. Entered similar as you at ard 0.12.for the 1st tranche. At ~0.12, its already 80-90% off its peak, not much fat to fall on the downside. Oil & gas already stablizing and recovering after a 2yrs plus depression. Oil majors are already turning ard. I feel downline food chain should be turning ard in 2018/2019. 2017 is accumulation for me.

 

i always break up my capital into 4 tranche, averaging down at 20-30% intervals.
Entered similar as you at ard 0.12.for the 1st tranche.
At ~0.12, its already 80-90% off its peak, not much fat to fall on the downside.
Oil & gas already stablizing and recovering after a 2yrs plus depression. Oil majors are already turning ard. I feel downline food chain should be turning ard in 2018/2019.
2017 is accumulation for me.
 

 

what r u planning to do now ? Hold or Sell .... 

this long term ....seeems to be too long :)

 

kangaroo11      ( Date: 13-May-2017 10:08) Posted: Haha...me too! When i decided to buy energy stocks, i'm already ready for downside 60-70% in the short term, but i know my upside potential could be 200%-500% in the long term. AndyLoss      ( Date: 12-May-2017 23:04) Posted: running in loss 5K with this one... any hope for the next year .. need atleast 0.120 .... any advice from experts will help ...

 

Haha...me too!

When i decided to buy energy stocks, i'm already ready for downside 60-70% in the short term, but i know my upside potential could be 200%-500% in the long term.

AndyLoss      ( Date: 12-May-2017 23:04) Posted: running in loss 5K with this one... any hope for the next year .. need atleast 0.120 .... any advice from experts will help ...   sheerluck      ( Date: 12-May-2017 21:34) Posted: Can' t really say much of the results.   Poor it is but kinda expected it will not be good anyway.   Don' t think price will move alot.

 

I don' t   raelly agree " The CEO holds 54% is losing his fortune" but I ma in for the " change nick" suggestion.  

danger      ( Date: 13-May-2017 08:19) Posted: Bro andyloss ..first thing you have to do is change nick ?!! AndyWIN or something ... Imagine falcon CEO is holding 54% of his company ..he is losing his fortune if he don't do any quick to salvage it His few hundred millions worth of share value now dwindling

 

Bro andyloss ..first thing you have to do is change nick ?!! AndyWIN or something ... Imagine falcon CEO is holding 54% of his company ..he is losing his fortune if he don't do any quick to salvage it His few hundred millions worth of share value now dwindling

 

running in loss 5K with this one... any hope for the next year .. need atleast 0.120 .... any advice from experts will help ...  

sheerluck      ( Date: 12-May-2017 21:34) Posted: Can' t really say much of the results.   Poor it is but kinda expected it will not be good anyway.   Don' t think price will move alot.

 

Can' t really say much of the results.   Poor it is but kinda expected it will not be good anyway.   Don' t think price will move alot.

 

end day see you dare to play a anot lor!

When citibank stocks crush from $550 to to $5, some idiots go and buy, end up that idiot now make 10X profits.

Same with osim.

Sell sell sell. Buy buy buy.

sheerluck      ( Date: 12-May-2017 16:39) Posted: Bro, you real or not.   FEG just announced profit warning.   Not only Q3 but for FY17 9M.   There' s a big red figure coming your way.   Still scooping even like that? danger      ( Date: 12-May-2017 13:42) Posted: LOAD THIS GEM CHEAP !!!

 

With market cap at $78 million now only and trading way below NTA

Let' s wait for a white knight to scoop up Falcon and CH offshore .. : )

 

 

 

No Fear ... which offshore and marine stocks is doing well now ?

Stock fall in advance to bad news

And react to rebound ahead of any good news or results

Falcon trading at 0.2x Book value now only ... 

No pain no gain i guess..

 

Bro, you real or not.   FEG just announced profit warning.   Not only Q3 but for FY17 9M.   There' s a big red figure coming your way.   Still scooping even like that?

danger      ( Date: 12-May-2017 13:42) Posted: LOAD THIS GEM CHEAP !!!