Penguin International

I am trying to find out bit of the history and noted that Penguin spin off its shipyard arm for listing in Sesdaq in year 2007. Back then there were two listed entities by the name of Penguin Boat Limited (P13.si) and Penguin Shipyard Limited (P14.si). What happened subsequently, i cant find more information about delisting/intergration of both entities. Any buddies can share more on this?

(18-02-2015, 09:56 AM)valuebuddies Wrote: I am trying to find out bit of the history and noted that Penguin spin off its shipyard arm for listing in Sesdaq in year 2007. Back then there were two listed entities by the name of Penguin Boat Limited (P13.si) and Penguin Shipyard Limited (P14.si). What happened subsequently, i cant find more information about delisting/intergration of both entities. Any buddies can share more on this?

The company was listed in 1997, and not sure it ever has separated listings?

The closer I knew, in 2007, the company had seriously considered to spin-off its PSI (Penguin Shipyard International) in Catalist board, but dropped the idea after due diligence.

I am not so sure on Penguin Boat Limited??

(vested, and a keen follower of the company)

(18-02-2015, 10:37 AM)CityFarmer Wrote:

(18-02-2015, 09:56 AM)valuebuddies Wrote: I am trying to find out bit of the history and noted that Penguin spin off its shipyard arm for listing in Sesdaq in year 2007. Back then there were two listed entities by the name of Penguin Boat Limited (P13.si) and Penguin Shipyard Limited (P14.si). What happened subsequently, i cant find more information about delisting/intergration of both entities. Any buddies can share more on this?

The company was listed in 1997, and not sure it ever has separated listings?

The closer I knew, in 2007, the company had seriously considered to spin-off its PSI (Penguin Shipyard International) in Catalist board, but dropped the idea after due diligence.

I am not so sure on Penguin Boat Limited??

(vested, and a keen follower of the company)

Based on the statement they made on 15 Jan and the interview in the Maritime magazine, especially the positive notes mentioned by the MD and the very positive comment in the 15 Jan statement, the results of Penguin CANNOT be bad. With the 4th quarter thrown in, its EPS should be at least 4.5 cents... why then is the counter not active at all...

(18-02-2015, 11:04 AM)xlandjy Wrote:

(18-02-2015, 10:37 AM)CityFarmer Wrote:

(18-02-2015, 09:56 AM)valuebuddies Wrote: I am trying to find out bit of the history and noted that Penguin spin off its shipyard arm for listing in Sesdaq in year 2007. Back then there were two listed entities by the name of Penguin Boat Limited (P13.si) and Penguin Shipyard Limited (P14.si). What happened subsequently, i cant find more information about delisting/intergration of both entities. Any buddies can share more on this?

The company was listed in 1997, and not sure it ever has separated listings?

The closer I knew, in 2007, the company had seriously considered to spin-off its PSI (Penguin Shipyard International) in Catalist board, but dropped the idea after due diligence.

I am not so sure on Penguin Boat Limited??

(vested, and a keen follower of the company)

Based on the statement they made on 15 Jan and the interview in the Maritime magazine, especially the positive notes mentioned by the MD and the very positive comment in the 15 Jan statement, the results of Penguin CANNOT be bad. With the 4th quarter thrown in, its EPS should be at least 4.5 cents... why then is the counter not active at all...

It's the beauty for us new investors. We had the chance to get in while nobody is covering about it yet and still flying under the radar. Happy to find this rare undervalued gem.

I guess it is the outlook that people are more worried about, and not FY14 Q4 performance. For me, I am interested to see how much they are going to declare dividends for FY14, in view of the record performance.

(18-02-2015, 11:18 AM)Ben Wrote: I guess it is the outlook that people are more worried about, and not FY14 Q4 performance. For me, I am interested to see how much they are going to declare dividends for FY14, in view of the record performance.

I expect div of between 1.5 to 2 cents...

I find it interesting to note that there is a minute-by-minute selling down of the shares in lots of 100, in an attempt to keep the price down. There are people who are trying to prevent it from appearing on the radar. Very interesting.

(18-02-2015, 12:00 PM)psolhawk Wrote: I find it interesting to note that there is a minute-by-minute selling down of the shares in lots of 100, in an attempt to keep the price down. There are people who are trying to prevent it from appearing on the radar. Very interesting.

you sure its not someone accumulating slowly? player can't sell down unless they can clear all the buy queue. So long as there is demand, the higher sell bid will be cleared and on to the next higher sell bid. doesnt matter what the lower buy bid queue is doing.

Nope. Pretty sure. It is like an algorithm that keeps selling 100shares to whoever is on the buy queue. That way, whenever someone buys up, the next minute, this buy up activity is erased from the monitor with his selling down action.

Hi Psolhawk,

Before the sgx 100 shares came in, I have noticed the frequent 1 lot sell down. From my monitoring, this has been going on for 5 months. I do not know who is involved, but we can only gleam on which party is involved when comparing this year's annual report against last year's shareholding