Falcon Energy   

Falcon Energy

Haha.   Somehow I came to the conclusion there is this Tan vs Peh issue as well.   Okay.   Thanks for your views.   Keep in mind.  

pnuklis      ( Date: 27-May-2014 06:31) Posted: I feel JP controls the board in CHO which is cash rich and no debt. They have not added any assets in last 4 years as Tan and J don' t see eye to eye. On the other side FEG also has not added any assets to increase performence and I don' t believe FEG is any good stock to go after. If they had charted the rig that would have been more attractive regular income under current conditions. I would prefer Nam Cheong or Pacific Radiance over cho or FEG stocks.

 

I feel JP controls the board in CHO which is cash rich and no debt. They have not added any assets in last 4 years as Tan and J don' t see eye to eye. On the other side FEG also has not added any assets to increase performence and I don' t believe FEG is any good stock to go after. If they had charted the rig that would have been more attractive regular income under current conditions. I would prefer Nam Cheong or Pacific Radiance over cho or FEG stocks. 

 

They disposed the two rigs with quite some gain so is good.

FEG hold 29% of CHO while Jimmy Peh hold 6.23% direct and 23.71% indirect.   Seems on par in term of influence.   They bought CHO share for 70cts.   At 42cts now is a 40% loss but unless they need to sell it off, it makes no difference.   They can hold until the price recover.   Alternatively taking CHO private is cheaper now.   Ofc Jimmy Peh may not want to let go unless the offer is attractive enough.   Anyway this is a distant possibility and the share price has already been played.

So far I see the turnaround of its business from 2011 till now which is pretty impressive as the catalyst.

You probably saw something pretty bad about FEG. Can share?

pnuklis      ( Date: 26-May-2014 19:28) Posted: Ordered the Jack-up and flipped it before delivery for one off gain is this performence. FEG has vested in CH Offshore at very high price and suffering. I do not believe there is any solid fundamentals in FEG. Cannot influence CHO as Jimmy Peh is controlling. I am not impressed with FEG

 

Ordered the Jack-up and flipped it before delivery for one off gain is this performence. FEG has vested in CH Offshore at very high price and suffering. I do not believe there is any solid fundamentals in FEG. Cannot influence CHO as Jimmy Peh is controlling. I am not impressed with FEG

 

Closed nicely at 38.5cts today. 

 

Hey, I haven' t finished writing....

Falcon tested 37cts three time in the last two month.   Yesterday it tested 37cts again.   Today it finally it managed to break through.   Let see if it can close high with good volume and make 38cts the support.   More importanly, let' s see if it last.   Hopefully a good full FY gives it more juice.

DYDD. 

sheerluck      ( Date: 23-May-2014 16:47) Posted: Falcon tested 37cts three time in the last two month.

 

Falcon tested 37cts three time in the last two month.  

 

See their Net Profit for past three years:

2011 - 3.3k

2012 - 9.8k

2013 (9mth) - 53.9k or 23.5k if adjusted for one-off gain from sale of two rigs.   So what will FY13 NP be???

Net profit' s CAGR is 154% or 93% after adjusting for one-off gain.   Reveune CGAR is 17%.   Reveune growth is great but net profit growth is even better.   I attribute this to better cost control.   Truly a fast and furious turnaround story.   FY13 Q4 results should be out next week.   If all goes well, 0.5cts can be expected.   A distant catalyst is taking CH Offshore private.

Core P/E = 10

P/B =1.3

Not too demanding for a great turnaround story.   Warrant priced at 43cts.   Another stick for coy to do well.

My own analyses.   DYDD. 

 

whythis bird so strong?

 

The big catalyst for Falcon will be taking CH Offshore private.   A respectable full year results should also give its share price a boost.

Current support level at 34.5cts and 33cts.

 

Result.so be.out.within a.week...

edwinjup      ( Date: 05-Feb-2014 12:43) Posted: Bet some falcon today...3q result should be good... WanSiTong      ( Date: 04-Dec-2013 22:23) Posted: Falcon Energy Group ST: the downside prevails as long as 0.393 is resistance Our preference: the downside prevails as long as 0.393 is resistance. Our pivot point is at 0.393. Our preference: the downside prevails as long as 0.393 is resistance. Alternative scenario: the upside breakout of 0.393 would call for 0.415 and 0.429. Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 0.39 and 0.4). Supports and resistances: 0.415 * 0.393 ** 0.39 last 0.384 0.37  0.344 0.33 ** 0.317 *

 

Bet some falcon today...3q result should be good...

WanSiTong      ( Date: 04-Dec-2013 22:23) Posted: Falcon Energy Group ST: the downside prevails as long as 0.393 is resistance Our preference: the downside prevails as long as 0.393 is resistance. Our pivot point is at 0.393. Our preference: the downside prevails as long as 0.393 is resistance. Alternative scenario: the upside breakout of 0.393 would call for 0.415 and 0.429. Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 0.39 and 0.4). Supports and resistances: 0.415 * 0.393 ** 0.39 last 0.384 0.37  0.344 0.33 ** 0.317 *

 

RECEIPT OF APPROVAL-IN-PRINCIPLE

2.1 The Board is pleased to announce that the Singapore Exchange Securities Trading Limited

(?SGX-ST?) had on 3 December 2013 granted approval-in-principle (?AIP?) for the listing and

quotation of:

(a) up to 82,453,751 Warrants and

(b) up to 82,453,751 new shares in the capital of the Company to be issued upon the

exercise of the Warrants (?New Shares?).

 

 

PROPOSED BONUS ISSUE OF UP TO 82,453,751 FREE WARRANTS (?WARRANTS?) OF

FALCON ENERGY GOUP LIMITED (?COMPANY?) ON THE BASIS OF ONE (1) WARRANT FOR

EVERY TEN (10) EXISTING ORDINARY SHARES IN THE CAPITAL OF THE COMPANY HELD BY

SHAREHOLDERS

 

Each Warrant will carry the right to subscribe for one (1) New Share (as defined below) at an

exercise price of S$0.430 (?Exercise Price?)

 

 

 

 

 

Anybody watch this baby? Price seems hold well for the past few weeks. Stay above company buy back px, watch!

 

Warrants / Convertible Securities / Certificates

FALCON ENERGY GROUP W131101

Last Date/ Time to submit Subscription Notice	02 NOV 2013 05:00 PM
For CDP Depositors, Last Date/ Time to submit Instruction Form	02 NOV 2013 05:00 PM
Listing Date	08 NOV 2010
Expiry Date	01 NOV 2013
Outstanding Balance	162,323,594
Price ($) as at 2013-09-10	0.003
High for the year ($)	0.066
Low for the year ($)	0.002
High for the month ($)	0.020
Low for the month ($)	0.002
Exercise Price	SGD 0.40000

Underlying Stock IBM Code	1Q49
Underlying Stock	FALCON ENERGY GROUP LIMITED
Underlying Stock Price ($) as at 2013-10-09	0.380
Conversion Ratio	1 warrant(s) : 1   share(s)
Cash ($)	0.000
Premium/(Discount) (%) (Cash)	6.05
Premium/(Discount) (%) (Bonds)
Gearing (x)	126.67

Remarks

WARRANT AGENT

Name	BOARDROOM CORPORATE & ADVISORY SVCS P/L

 

 

The Board of Directors of FALCON ENERGY GROUP LIMITED (" the

announce that the number of issued ordinary shares of the Company has increased from 814,193,370

ordinary shares (excluding treasury shares) to 814,688,370 ordinary shares (excluding treasury shares)

by way of the allotment and issue of 495,000 new ordinary shares pursuant to the exercise of 495,000

warrants at the exercise price of $0.40.

These new shares rank pari passu in all respects with the existing shares of the Company, and they

were listed and quoted on the Singapore Exchange Securities Trading Limited on 7 October 2013.

There are 162,323,594 outstanding warrants remaining after the aforesaid exercise.Company" ) wishes to

 

Falcon Energy Group ST: the upside prevails as long as 0.363 is support Trading Central | 2013-10-01 22:52:00 The configuration is positive. Our pivot point is at 0.363. Our preference: the upside prevails as long as 0.363 is support. Alternative scenario: the downside breakout of 0.363 would call for 0.329 and 0.308. Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (respectively at 0.38 and 0.36). Supports and resistances: 0.496 * 0.474 ** 0.453 0.405 last 0.377 0.363 *