Jason Marine Group

(25-05-2015, 08:59 PM)CityFarmer Wrote: I reckon it is again a music to dydx's ears...

This time round the music sounds like that of a full orchestra playing in perfect harmony!

(25-05-2015, 09:23 PM)dydx Wrote:

(25-05-2015, 08:59 PM)CityFarmer Wrote: I reckon it is again a music to dydx's ears...

This time round the music sounds like that of a full orchestra playing in perfect harmony!

A good catch, and I am late. I am still trying to get a good picture of the biz model. Congrats...

Eugene Wong has disposed 500,000 the company shares, on 28 May, after the full year result. He is the of the initial investors of the company. The price was 26 cents per share.

http://infopub.sgx.com/FileOpen/_Form%20...eID=353824

(not vested)

(08-06-2015, 09:28 AM)CityFarmer Wrote: Eugene Wong has disposed 500,000 the company shares, on 28 May, after the full year result. He is the of the initial investors of the company. The price was 26 cents per share.

http://infopub.sgx.com/FileOpen/_Form%20...eID=353824

(not vested)

Eugene is on board of directors. He may be correct on the recent future sales of the company due to weakness in oil & gas industry. But how that will affect the company, on the numbers is difficult to know.

(08-06-2015, 05:06 PM)davisng Wrote:

(08-06-2015, 09:28 AM)CityFarmer Wrote: Eugene Wong has disposed 500,000 the company shares, on 28 May, after the full year result. He is the of the initial investors of the company. The price was 26 cents per share.

http://infopub.sgx.com/FileOpen/_Form%20...eID=353824

(not vested)

Eugene is on board of directors. He may be correct on the recent future sales of the company due to weakness in oil & gas industry. But how that will affect the company, on the numbers is difficult to know.

Eugene Wong still holding 2.5 million shares, after the trade. It seems likely a personal portfolio re-balancing, rather than lack of confidence as insider at the moment.

(not vested, but monitoring)

FY15 (ended 31Mar15) AR just out and makes interesting reading.....
http://infopub.sgx.com/FileOpen/JMG_Annu...eID=359031
Notwithstanding the competitive market conditions, this well-established niche business has posted a respectable increase in profits, and has maintained a rock-solid, debt-free B/S. FY15's EPS at $0.0367, and 31Mar15 NAV/share stood at $0.2796.

From p11 under Operation Review, we know that Jason Marine's BOD has recently adopted a Dividend Policy "to recommend and distribute at least 25% of its audited consolidated net profit attributable to shareholders annually". I look forward to the coming $0.01/share final dividend, which will be payable on 18Aug15. Including the $0.005/share interim dividend paid on 5Dec14, total dividend payout for FY15 is $0.015/share (vs. $0.01/share in FY14).

With Jason Marine's strong emphasis in technology for its increasing and comprehensive products offering and also its internal management processes, it looks like the short-to-medium term future of its business is quite assured.

With founder/controlling shareholder (holding a 77.43% stake)/Executive Chairman Mr Foo Chew Tuck already at 64 years old, I wonder would Jason Marine soon become a potential acquisition target?

(08-06-2015, 05:06 PM)davisng Wrote:

(08-06-2015, 09:28 AM)CityFarmer Wrote: Eugene Wong has disposed 500,000 the company shares, on 28 May, after the full year result. He is the of the initial investors of the company. The price was 26 cents per share.

http://infopub.sgx.com/FileOpen/_Form%20...eID=353824

(not vested)

Eugene is on board of directors. He may be correct on the recent future sales of the company due to weakness in oil & gas industry. But how that will affect the company, on the numbers is difficult to know.

Profit warning issued.
http://infopub.sgx.com/FileOpen/JMG_Prof...eID=372073

Profit Guidance for the Financial Year ended 31 March 2016

Jason Marine Group Limited wishes to announce that based on a preliminary review of the unaudited management accounts of the Company and its subsidiaries for the financial year ended 31 March 2016 ("FY2016"), the Group is expected to record a significant reduction in revenue and a net loss for FY2016 as compared to the previous financial year ended 31 March 2015.

The significant reduction in revenue and net loss for FY2016 was due to lower demand for the Group’s goods and services as a result of the challenging operating environment caused by the effects of falling oil prices and intense market competition.

(05-05-2016, 09:07 PM)cyclone Wrote: Profit Guidance for the Financial Year ended 31 March 2016

Jason Marine Group Limited wishes to announce that based on a preliminary review of the unaudited management accounts of the Company and its subsidiaries for the financial year ended 31 March 2016 ("FY2016"), the Group is expected to record a significant reduction in revenue and a net loss for FY2016 as compared to the previous financial year ended 31 March 2015.

The significant reduction in revenue and net loss for FY2016 was due to lower demand for the Group’s goods and services as a result of the challenging operating environment caused by the effects of falling oil prices and intense market competition.

Seems like all players in the shipping and O&G industries whether big or small are getting hit hard. Jason Marine at first glance appears to have the means to weather the tough times. The million dollar question being when will the going get better...

rising tide lifts all boats

now its receding tide opposite happened loh...