Swiber   

Swiber Holdings Limited

Thanks anyway.
HALT ...again ....this time let see what they have to say ....Swiber is getting interesting

 

sheerluck      ( Date: 27-Jul-2016 10:08) Posted: It more correct to say they book their asset at value that couldn' t be fetch what they recorded (eg. like EZRA).  Then they havethese huge receiveables which they didn' t or couldn' t convert to cash.  So their real market might be aot lower than what is being recorded in their book. It may still be ok to auditor for they to book those asset at " cost" which can be much higher than its market value. FATABA      ( Date: 27-Jul-2016 09:30) Posted: If book value is " cooked up" ....then our auditors are useless....or MAS?SGX? should do a better check on these groups of companies. ​ Whatever, and if some of the input on this forum is half true...then like high paying mgt, retired many staffs, etc ..ALL these are to be answer at next GM. This gp of mgt has really not done much for Swiber for a long long time.

 

You huat liao! Don't forget to donate some kopi to charity. Good luck!

pinkowl      ( Date: 27-Jul-2016 09:52) Posted: Just got in for a quick bet.

 

The buyers are sufferring from paper loss. The sellers are sufferred from actual loss. Why do the sellers sell at this very very low price?

 

Should be announcement of new contract wins..

sheerluck      ( Date: 27-Jul-2016 13:20) Posted: halted!!!!!! horsay liao or liao liao?

 

What is the target for this round dropping?

 

halted!!!!!!

horsay liao or liao liao?

 

It more correct to say they book their asset at value that couldn' t be fetch what they recorded (eg. like EZRA).  Then they havethese huge receiveables which they didn' t or couldn' t convert to cash.  So their real market might be aot lower than what is being recorded in their book.

It may still be ok to auditor for they to book those asset at " cost" which can be much higher than its market value.

FATABA      ( Date: 27-Jul-2016 09:30) Posted: If book value is " cooked up" ....then our auditors are useless....or MAS?SGX? should do a better check on these groups of companies. ​ Whatever, and if some of the input on this forum is half true...then like high paying mgt, retired many staffs, etc ..ALL these are to be answer at next GM. This gp of mgt has really not done much for Swiber for a long long time.

 

Linc then tech oil and gas Next is sw...

Siwomp      ( Date: 27-Jul-2016 09:29) Posted: imho ..... matter of time before following Tech OG foot steps............ dyodd........ maybe, just maybe...... there might be a spike in price just before the end..... 回 光 返 照 。

 

Just got in for a quick bet.

 

If book value is " cooked up" ....then our auditors are useless....or MAS?SGX? should do a better check on these groups of companies.

​ Whatever, and if some of the input on this forum is half true...then like high paying mgt, retired many staffs, etc ..ALL these are to be answer at next GM.
This gp of mgt has really not done much for Swiber for a long long time.

 

imho ..... matter of time before following Tech OG foot steps............ dyodd........ maybe, just maybe...... there might be a spike in price just before the end..... 回 光 返 照 。

 

Book values are cooked up prices. With the current imparment of assets companies must write down the BV or else it will be like Ezra where the banks dont believe the current share price can hold or is its worth. See they took more than double the share value to lend secured credit of share pledge. Same is the situation with Swiber as well as Vallianz who is sitting with so many new buildings which cannot be deployed.

 

I seldom read you posting negative.. this company must have really disappoint you a lot.

I am not vested here, but am holding some Vallianz shares. Watching this development as it may happens to V as well !

FATABA      ( Date: 27-Jul-2016 08:53) Posted: totally disappointed with Swiber mgt......over $1 book value and yet manage it to 10c.

 

totally disappointed with Swiber mgt......over $1 book value and yet manage it to 10c.

 

Hahahahaha. So funny!

moron101      ( Date: 26-Jul-2016 20:53) Posted: Hello. Are you from stone age? teeth53      ( Date: 26-Jul-2016 20:37) Posted: Will it stay halted for a long long time?.

 

Hello. Are you from stone age?

teeth53      ( Date: 26-Jul-2016 20:37) Posted: Will it stay halted for a long long time?. Stocky901      ( Date: 25-Jul-2016 20:27) Posted: They have to halt trading if they can't respond to query on time? Very sad

 

Will it stay halted for a long long time?.

Stocky901      ( Date: 25-Jul-2016 20:27) Posted: They have to halt trading if they can't respond to query on time? Very sad. swv001      ( Date: 25-Jul-2016 09:48) Posted: Swiber has not answered SGX' s query? When is the latest date/time to answer by policy?

 

Already said, race between swiber and swissco to close shop.. See who win. Don' t bet foolishly. Still got time to savage whatever that you have left.

Anyway, if any of them goes, O& G in SGX will be a nightmare. Let' s see next few months, whether more impairments will be made to their books. Let' s hope everyone come clean so that people will have faith in the reported numbers and long term investors will come back. Else, it will always be doubtful.

 

Can go down easily to 3 or 4 cents within weeks. Be warned. Peoples don't seem to buy their stories..

 

The force selling looks finished.   It is forming the 10 years bottom S$0.112 or around there.