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LOAD THIS GEM CHEAP !!!
I SCOOPED UP TODAY AT CHEAP 9.7 CENTS ... WHICH INCLUDED A SUBSIADIARY CH OFFSHORE THAT IS WORTH AROUND 26 CENTS NOW
danger ( Date: 25-Apr-2017 16:46) Posted:
LOAD UP !!!
danger ( Date: 09-Mar-2017 09:41) Posted:
ShareInvestor, a financial media and technology company and subsidiary of Singapore Press Holdings, holds the annual event to enhance investors' education and raise the level of financial literacy.
THE CHAMPION AND THE WINNER > > > > TOP STOCK PICK ARE LUM CHANG AND FALCON ENERGY
Falcon Energy, Mr Lim was a shareholder of CH Offshore, in which Falcon has an 86 per cent stake. At the buy-in share price of 22.5 cents, he was getting the counter at a 47.6 per cent discount to the NAV of 43 cents.
The earnings per share was 3.81 cents (excluding CH Offshore), the PE ratio was 5.832 and the dividend yield was 6.6 per cent. He projected a target price of 30 cents, which would translate to a potential 33 per cent upside.
One key consideration was that Falcon' s market cap was $182 million versus CH Offshore' s market cap of $348 million. So I am paying $182 million for something that includes a $348 million subsidiary,he said.
Mr Lim ' s research showed that the potential catalysts included the majority ownership stake in CH Offshore, which has zero borrowings and had been cash-flow positive for the past decade.
The strengthening United States dollar, the firm' s steady dividend policy of 1.5 cents a year for the past two years and its share buybacks early this year were also seen as positives. The risks include the high gearing and the prolonged weaknesses in the oil and gas sector.
The target price of 50 cents for Lum Chang and 30 cents for Falcon are still at discounts to the companies' approximate NAVs. And given the potential earnings catalysts, there is a good chance that the NAVs might increase in the coming year, added Mr Lim.
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You are correct last time push up to run one!!
MarcPh ( Date: 10-May-2017 21:02) Posted:
I beg to differ. Mr Tan Pong Tyea is broke. If he wants to delist Falcon, why would he offload CH Offshore at almost 50% discount to last traded? If he has the money, he will be the buyer of for those CH Offshore shares. Furthermore, if he plans to take Falcon private, he will not even let got such a big chunk of CH Offshore for $20mio. Earlier, we already know that the share buy-back last year in CH Offshore was to support the share price because Falcon' s shares in CH Offshore were pledged to a bank.
Yesterday, CH Offshore announced their latest accounts. Revenue dropped 50% and it is not profitable. That' s in line with industry peer. But the following is worrying:
- Cash & cash equivalent crashed from US$9.7mio to US$1.5mio
- Trade receivables surged from US$9.2mio to almost $20mio. This is a real warning. Revenue in the last quarter was merely US$3.5mio. It appears that CH Offshore has lost control of her finances.
With such a US$10-11mio surge in trade receivables for a reduced $3.5mio business, we risk facing more doubtful debts going forward. The worst will be over when we see lower trade receivables. This development has also prompted Falcon is issue profit-warning for their upcoming results.
danger ( Date: 09-May-2017 10:20) Posted:
STOCK TRADING AT 0.2x BOOK VALUE
CURRENT MARKET CAP IS ONLY ABOUT WORTH $85 MILLION
CEO OWNS 54% OF COMPANY
IT IS TOO UNDERVALUED AND TIME TO BE TAKEN PRIVATE !!!
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whooo!!! this stock is finally dropping to a level with super thin bid/ask spread and good liquidiity, can play liao... else the bid/ask spread like a whore, dead fish everyday nothing to play!!! LOL!!!
I beg to differ. Mr Tan Pong Tyea is broke. If he wants to delist Falcon, why would he offload CH Offshore at almost 50% discount to last traded? If he has the money, he will be the buyer of for those CH Offshore shares. Furthermore, if he plans to take Falcon private, he will not even let got such a big chunk of CH Offshore for $20mio. Earlier, we already know that the share buy-back last year in CH Offshore was to support the share price because Falcon' s shares in CH Offshore were pledged to a bank.
Yesterday, CH Offshore announced their latest accounts. Revenue dropped 50% and it is not profitable. That' s in line with industry peer. But the following is worrying:
- Cash & cash equivalent crashed from US$9.7mio to US$1.5mio
- Trade receivables surged from US$9.2mio to almost $20mio. This is a real warning. Revenue in the last quarter was merely US$3.5mio. It appears that CH Offshore has lost control of her finances.
With such a US$10-11mio surge in trade receivables for a reduced $3.5mio business, we risk facing more doubtful debts going forward. The worst will be over when we see lower trade receivables. This development has also prompted Falcon is issue profit-warning for their upcoming results.
danger ( Date: 09-May-2017 10:20) Posted:
STOCK TRADING AT 0.2x BOOK VALUE
CURRENT MARKET CAP IS ONLY ABOUT WORTH $85 MILLION
CEO OWNS 54% OF COMPANY
IT IS TOO UNDERVALUED AND TIME TO BE TAKEN PRIVATE !!!
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STOCK TRADING AT 0.2x BOOK VALUE
CURRENT MARKET CAP IS ONLY ABOUT WORTH $85 MILLION
CEO OWNS 54% OF COMPANY
IT IS TOO UNDERVALUED AND TIME TO BE TAKEN PRIVATE !!!
10.9c ... ALL SCOOPED UP
Whooo!!! Today got pp sell down liao...sell sell sell!!! Sell sell sell!!!
NO MORE SELLERS !
LOAD
danger ( Date: 25-Apr-2017 16:46) Posted:
LOAD UP !!!
danger ( Date: 09-Mar-2017 09:41) Posted:
ShareInvestor, a financial media and technology company and subsidiary of Singapore Press Holdings, holds the annual event to enhance investors' education and raise the level of financial literacy.
THE CHAMPION AND THE WINNER > > > > TOP STOCK PICK ARE LUM CHANG AND FALCON ENERGY
Falcon Energy, Mr Lim was a shareholder of CH Offshore, in which Falcon has an 86 per cent stake. At the buy-in share price of 22.5 cents, he was getting the counter at a 47.6 per cent discount to the NAV of 43 cents.
The earnings per share was 3.81 cents (excluding CH Offshore), the PE ratio was 5.832 and the dividend yield was 6.6 per cent. He projected a target price of 30 cents, which would translate to a potential 33 per cent upside.
One key consideration was that Falcon' s market cap was $182 million versus CH Offshore' s market cap of $348 million. So I am paying $182 million for something that includes a $348 million subsidiary,he said.
Mr Lim ' s research showed that the potential catalysts included the majority ownership stake in CH Offshore, which has zero borrowings and had been cash-flow positive for the past decade.
The strengthening United States dollar, the firm' s steady dividend policy of 1.5 cents a year for the past two years and its share buybacks early this year were also seen as positives. The risks include the high gearing and the prolonged weaknesses in the oil and gas sector.
The target price of 50 cents for Lum Chang and 30 cents for Falcon are still at discounts to the companies' approximate NAVs. And given the potential earnings catalysts, there is a good chance that the NAVs might increase in the coming year, added Mr Lim.
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LOAD UP CHEAP !!!
LOAD UP AT ALL TIME LOW !!!
Waiting for your bazooka rocket
kangaroo11 ( Date: 25-Apr-2017 17:18) Posted:
pls sell everything, i' ll be waiting to bring out my bazooka!
soundblaster ( Date: 25-Apr-2017 16:53) Posted:
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pls sell everything, i' ll be waiting to bring out my bazooka!
soundblaster ( Date: 25-Apr-2017 16:53) Posted:
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CH OFFSHORE HAS A NEW CHIEF OPERATING OFFICE (COO) VETERAN
LOAD UP !!!
danger ( Date: 09-Mar-2017 09:41) Posted:
ShareInvestor, a financial media and technology company and subsidiary of Singapore Press Holdings, holds the annual event to enhance investors' education and raise the level of financial literacy.
THE CHAMPION AND THE WINNER > > > > TOP STOCK PICK ARE LUM CHANG AND FALCON ENERGY
Falcon Energy, Mr Lim was a shareholder of CH Offshore, in which Falcon has an 86 per cent stake. At the buy-in share price of 22.5 cents, he was getting the counter at a 47.6 per cent discount to the NAV of 43 cents.
The earnings per share was 3.81 cents (excluding CH Offshore), the PE ratio was 5.832 and the dividend yield was 6.6 per cent. He projected a target price of 30 cents, which would translate to a potential 33 per cent upside.
One key consideration was that Falcon' s market cap was $182 million versus CH Offshore' s market cap of $348 million. So I am paying $182 million for something that includes a $348 million subsidiary,he said.
Mr Lim ' s research showed that the potential catalysts included the majority ownership stake in CH Offshore, which has zero borrowings and had been cash-flow positive for the past decade.
The strengthening United States dollar, the firm' s steady dividend policy of 1.5 cents a year for the past two years and its share buybacks early this year were also seen as positives. The risks include the high gearing and the prolonged weaknesses in the oil and gas sector.
The target price of 50 cents for Lum Chang and 30 cents for Falcon are still at discounts to the companies' approximate NAVs. And given the potential earnings catalysts, there is a good chance that the NAVs might increase in the coming year, added Mr Lim.
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HOOT !!!
LAI LAI LAI !!!
INVESTORS LOADING UP AT ALL TIME LOW ROCK BOTTOM
LOAD UP !
