Swissco Holdings

Positive indicators:
Repayment of borrowings > Proceeds from borrowing (both in 2011 and 2012)
Net increase in cash and cash equivalents (both in 2011 and 2012)

About Swissco Holdings:
Swissco Holdings Limited is a Singapore based marine company that provides marine services to the shipping and offshore oil and gas industries. Our Group own, operate and charter offshore support vessels, OPL (Out-Port-Limit) boats, tugs and barges in support of our customer's marine logistic needs. Together with our waterfront facility, which includes fabrication and warehousing located in Singapore, we offer our customers with a complete solution to their marine and shipping requirements. Our customers for our OPL and logistic services include local and international shipowners as well as their local handling agents. Our customers for our offshore support vessels vary from oil companies involved in exploration and production work, marine construction to mining and dredging work.

[Image: 1348804449_header3.jpg]

Source: http://info.sgx.com/webcoranncatth.nsf/V...penelement

Founder of ks energy..tan kim seng yesterday bought a major.stake in swissco ...keep this counter.in your watchlist...maybe mr.tan will be.able to transform swissco.

(26-07-2013, 09:48 PM)edwin Wrote: Founder of ks energy..tan kim seng yesterday bought a major.stake in swissco ...keep this counter.in your watchlist...maybe mr.tan will be.able to transform swissco.

Tan kim seng listed ks energy at 23cents.sold to kris $3.05 per share about six years and become one of the richer in singapore..he also a top twenty shareholders of ezion and.mtq...now the problem is mr yeo still got around four percent share holding to sell...because of divorce case i think..so we may need to wait for mr tan for further actions..before we actions...invested at 26cents and intend to keep unless uncle tan unload his....

Does this company ships carry cargoes such as coal, sand, grains etc? Is this a company that consider a Dry Bulk company?

(01-08-2013, 05:27 PM)Breadman25 Wrote: Does this company ships carry cargoes such as coal, sand, grains etc? Is this a company that consider a Dry Bulk company?

This company does AHT boat chatering to other companies.

Swissco seals charter contracts worth total of US$7.17 million

Quote:- Secured 2-years charter contracts for two AHTs, ‘Swissco Superior’ and ‘Swissco Singapore’, and vessels will be deployed in West Africa
- Also, secured immediate short term contracts for two newly delivered vessels, ‘Swissco Ruby’ and ‘Swissco Neptune’
- Reiterates healthy demand for Swissco’s vessels as the Group continues to focus on vessel expansion and fleet renewal program to enhance its fleet capabilities

http://infopub.sgx.com/FileOpen/swisscop...eID=258980


Not vested

(29-07-2013, 12:07 AM)edwin Wrote:

(26-07-2013, 09:48 PM)edwin Wrote: Founder of ks energy..tan kim seng yesterday bought a major.stake in swissco ...keep this counter.in your watchlist...maybe mr.tan will be.able to transform swissco.

Tan kim seng listed ks energy at 23cents.sold to kris $3.05 per share about six years and become one of the richer in singapore..he also a top twenty shareholders of ezion and.mtq...now the problem is mr yeo still got around four percent share holding to sell...because of divorce case i think..so we may need to wait for mr tan for further actions..before we actions...invested at 26cents and intend to keep unless uncle tan unload his....

swissco enters offshore rig charting business through rto by ezion ceo ex boss tan kim seng....great

The analysts have made investments looks like a no-brainer. So easy. Anyway, Ezion has yet to turn cashflow positive despite substantial accounting earnings. To me, offshore businesses have never been easy. Ezra and KS Energy that were both seeded by Kim Seng Holdings are clear examples of a fallen darlings. Other fallen victims included Swiber, Jaya.

Any if $ can grow freely on trees, better be Caveat Emptor...

Swissco, CIMB:

In full swing
The acquisition of Scott and English (S&E) by Swissco is in fact an injection of assets by owner Kim Seng Holdings (KSH) into Swissco. The new entity allows KSH to tap on public markets as a source of funding to scale up rig count. We expect aggressive expansion from the combined entity: the true story of Swissco could well lie beyond FY15.

Our target price of S$1.44 is based on 9x FY16 P/E, a 29% premium over the P/E of Singapore OSV owners. We derive our FY16 EPS by factoring in a likely expansion of eleven rigs (four from JV, seven 100%-owned) by FY16, based on US$60m capex and US$8m profit per rig. That said, we think that some fundraising is needed to ensure an ample cash balance. We initiate coverage with an Add call.

Explosive FY15 and FY16 earnings growth

We think that Swissco could experience a 2.6x increase of its FY13 pro-forma consolidated core net profit level to S$107.5m by FY16, aided by an expected rise in profit contribution equivalent to additional 6 full rigs. Core EPS should hit 16.0 Scts after factoring in interest cost. We expect Swissco to pursue new rig contracts aggressively through a mix of joint venture partnership and rig acquisition.

Emulating Ezion
With the addition of S&E, Swissco’s service offerings are similar to Ezion's (EZI SP, Add, TP S$2.41), though with a lower base. Apart from providing vessel services to O&G companies, Swissco inherited and operates four service rigs via a 50:50 JV with Ezion, backed by long-term bare boats charters of 4-7 years from 2013 onwards. Given KSH’s network and expertise, Swissco could follow Ezion’s growth trajectory, and this stock could appeal to investors who have missed Ezion's rally.

Management: the silver bullet

KSH has what it takes to pull off an aggressive expansion. KSH’s owner, Mr Tan Kim Seng, was previously the founder of KS Energy. Being in the business since 1974, he offers a strong network in securing contracts
for his rigs as well as the financial knowhow to fund the expansion. His abilities are backed by good track records: KS Energy had multiple contracts under his charge while S&E was able to secure four contracts
more recently. Mr Tan's familiarity with the business should also remove any doubts over his technical prowess.

http://www.businesstimes.com.sg/companie...cquisition

Swissco's Q3 net profit surges 78.8% to S$10.4m on OSV charters, acquisition
By
Malminderjit Singhmsingh@sph.com.sg@MalminderjitBT
13 Nov5:50 AM
Singapore

MAINBOARD-LISTED Swissco Holdings (Swissco) on Wednesday announced a 78.8 per cent rise in its third-quarter net profit to S$10.4 million from S$5.8 million in the same period last year, with higher contributions from its offshore support vessel (OSV) chartering business and

http://www.businesstimes.com.sg/companie...-to-us119m

Swissco bags 2 deals worth up to US$119m
By
Nisha Ramchandaninishar@sph.com.sg@Nisha_BT
13 Nov5:50 AM
Singapore

MAINBOARD-listed Swissco Holdings has won two charter contracts worth up to about US$119 million.

In the first contract, a joint venture (JV) between Swissco and Union Offshore has bagged a charter contract worth up to US$115 million to support an Asia-Pacific-based oil

This is looking to be one of the best shares to bet on now for the oil price recovery.

Most of Swissco assets are mobile rack-up rigs which operate in shallow-water drilling where oil production cost are low in $ 30-50 range. These mobile rigs are also on the longer term chartering contract.

Daily chart looks fantastic as well.

Bought in some today and wanted to share with you guys in this forum (Do your own research to buy or sell at your own risk)