SBI Offshore

Hi Guys,

Just come across this company, anyone vented or have looked at it before?

[Image: Going-Up-logo-transparent.jpg]

(11-08-2014, 02:13 PM)kingpin9 Wrote: [Image: Going-Up-logo-transparent.jpg]

What is going up ? The debt level is going up ? Or the market price is going up ?
If you'd like to buy something, isn't it better if the price is going down ?

(11-08-2014, 02:31 PM)cyclone Wrote:

(11-08-2014, 02:13 PM)kingpin9 Wrote: [Image: Going-Up-logo-transparent.jpg]

What is going up ? The debt level is going up ? Or the market price is going up ?
If you'd like to buy something, isn't it better if the price is going down ?

SBI offshore herself is going up, meaning the price is going up.

I am totally agree with you that it is better to buy when the price is going down, .... but then they all have scoop up most of the shares at low price. So currently, there is no more going down price for retailers to get, left with only going up price for us to watch and drool.

[Image: can-stock-photo_csp5062622.jpg]

A picture tells a thousand words

(11-08-2014, 02:31 PM)cyclone Wrote:

(11-08-2014, 02:13 PM)kingpin9 Wrote: [Image: Going-Up-logo-transparent.jpg]

What is going up ? The debt level is going up ? Or the market price is going up ?
If you'd like to buy something, isn't it better if the price is going down ?

Still the same old way

(18-08-2014, 09:33 AM)kingpin9 Wrote:

(11-08-2014, 02:31 PM)cyclone Wrote:

(11-08-2014, 02:13 PM)kingpin9 Wrote: [Image: Going-Up-logo-transparent.jpg]

What is going up ? The debt level is going up ? Or the market price is going up ?
If you'd like to buy something, isn't it better if the price is going down ?

Still the same old way

No change for today

Don't mind if you can value to the thread like Volmax in Pollux instead of just "upping" this thread. It really sticks out like a sore thumb in a value forum

(19-08-2014, 11:05 AM)specuvestor Wrote: Don't mind if you can value to the thread like Volmax in Pollux instead of just "upping" this thread. It really sticks out like a sore thumb in a value forum

I second that. Warning will issued if he does it again.

(19-08-2014, 11:05 AM)specuvestor Wrote: Don't mind if you can value to the thread like Volmax in Pollux instead of just "upping" this thread. It really sticks out like a sore thumb in a value forum

Ok, sour grape, as you wish,

here is one news for this thread.

Singapore: SBI Offshore has secured a $24m contract to provide design and engineering services for a jack-up drilling rig that can operate in water depths of up to 110 m.

SGX Catalist-listed SBI Offshore said its wholly owned subsidiary, SBI O&M signed the contract with a Middle East-Chinese consortium which comprises six parties that have varied interests in oil and gas activities.

Under the contract, SBI O&M will provide design, engineering and supervision services for a jack-up drilling rig.

The jack-up drilling rig will be designed for operating in the Middle East or Asian regions.

In line with its strategy to pursue larger-scale offshore or land-based oil and gas projects as well as to provide integrated solutions for drilling equipment and systems, the group announced on 2 July that it would form a 70%-held joint venture with US-based Axon Energy Products – a global oilfield equipment manufacturing company. [19/08/14]