SBI Offshore

With the stock price halved from IPO I'm sure there will be some sour investors

Hope your active AND constructive promotion will help. Maybe u might want to find out why margins are low

(19-08-2014, 04:25 PM)kingpin9 Wrote:

(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]

Margins are low because of R&D. Furthermore, debts are reducing to a very healthy level.
More oncoming contract wins will be a great advantage to this gem.
Multi bagger?

(20-08-2014, 07:36 AM)specuvestor Wrote: With the stock price halved from IPO I'm sure there will be some sour investors

Hope your active AND constructive promotion will help. Maybe u might want to find out why margins are low

Got news at SGX company announcement regarding about negotiations for more contracts etc...


Stay tuned

there is no value here
its pretty much speculation!

http://www.businesstimes.com.sg/premium/...r-20140924

PUBLISHED SEPTEMBER 24, 2014
Mirzan Mahathir to emerge as SBI Offshore's major shareholder
He will be 3rd biggest shareholder with 10.8% stake
BYANITA GABRIEL
anitag@sph.com.sg @AnitaGabrielBT

MALAYSIAN businessman Mirzan Mahathir, the eldest son of former Malaysian prime minister Mahathir Mohamad, will emerge as the third largest shareholder in Catalist-listed SBI Offshore after scooping up a 10.8 per cent stake via a private placement.
The 54-year-old low-key entrepreneur, who is also a director of the Philippines' largest oil refiner Petron Corp and has other interests in the oil and gas (O&G) sector, will subscribe for 27 million new SBI Offshore shares through a wholly owned BVI-registered company CE Ventures Offshore, said the firm in an announcement.
He is one of four investors who have agreed to take up the offshore engineering outfit's private placement of 62 million new shares at 26.05 Singapore cents apiece which will raise S$61.15 million.
The others are Millennium Marine - a Singapore-registered firm involved in offshore and marine activities in China and controlled by Chinese investor Guo Hairong - which will also take up 27 million new shares; and Singaporean Osith Ramanathan and Malaysian Pang Shun Pen, founder and owner, and co-founder of private investment management firm Ostara Capital respectively who will each pick up four million new SBI Offshore shares.

(26-08-2014, 05:17 PM)CityFarmer Wrote:

(26-08-2014, 05:13 PM)kingpin9 Wrote: If u want to trade, please trade using this way as according to the clip below:

新 上 海 灘 -丁 力 的 野 心

穷 人 和 富 裕 的 分 别



http://youtu.be/BiAPxRAzUG8

I presumed most, if not all here wanted to invest, rather to trade.

(24-09-2014, 06:47 AM)greengiraffe Wrote: http://www.businesstimes.com.sg/premium/...r-20140924

PUBLISHED SEPTEMBER 24, 2014
Mirzan Mahathir to emerge as SBI Offshore's major shareholder
He will be 3rd biggest shareholder with 10.8% stake
BYANITA GABRIEL
anitag@sph.com.sg @AnitaGabrielBT

MALAYSIAN businessman Mirzan Mahathir, the eldest son of former Malaysian prime minister Mahathir Mohamad, will emerge as the third largest shareholder in Catalist-listed SBI Offshore after scooping up a 10.8 per cent stake via a private placement.
The 54-year-old low-key entrepreneur, who is also a director of the Philippines' largest oil refiner Petron Corp and has other interests in the oil and gas (O&G) sector, will subscribe for 27 million new SBI Offshore shares through a wholly owned BVI-registered company CE Ventures Offshore, said the firm in an announcement.
He is one of four investors who have agreed to take up the offshore engineering outfit's private placement of 62 million new shares at 26.05 Singapore cents apiece which will raise S$61.15 million.
The others are Millennium Marine - a Singapore-registered firm involved in offshore and marine activities in China and controlled by Chinese investor Guo Hairong - which will also take up 27 million new shares; and Singaporean Osith Ramanathan and Malaysian Pang Shun Pen, founder and owner, and co-founder of private investment management firm Ostara Capital respectively who will each pick up four million new SBI Offshore shares.

You overinflated this amount : raise S$61.15 million

Correct amount should be 16.15 mils

(24-09-2014, 09:48 AM)desmondxyz Wrote: Correct amount should be 16.15 mils

ER BT journalist error

No Vested Interests
GG

Nomura is probably on short side but you never know how far price will fall.

WTI at 85. Most oil Co. margin squeezed. Mr T Boone Pickens said under 80 is possible and E&P Co. will need to cut investment to cut supply investment.

The oil lease by E&P for some might bankrupt some, so Mr M or no Mr M, everything is market driven.

How far will it fall after climbing 100% in a short time!!

Some posts regarding trading philosophy have been splitted to a new thread under "Others" category. If you are interested, please visit http://www.valuebuddies.com/showthread.p...n=lastpost
Thanks.