Triyards Holdings

[Harvest Time]

SINGAPORE (Nov 25): AmFraser has started coverage on Triyards International with a "buy" call and price target of 92 cents, based on nine times projected FY2015 earnings.

Ezion Holdings' recent move to subscribe for warrants issued by Triyards signals its confidence in the builder of lift boats, according to AmFraser.

"This will also provide a boost to its order book - potentially adding around US$150 million to Triyards' order book, which would bring (it) to an all-time high of US$550 million, giving visibility over the next two years," it said.

[greengiraffe]

Ezion is starting to look like a fallen darling... quite similar to that of Ezra...

Still can count on Ezion or is it better to shift focus to Swissco...

Huh... maybe Ezion will introduce Swissco to Triyards so that they can hit the targeted referral value...

Vested
Odd Lots Triyards

SINGAPORE (Nov 25): AmFraser has started coverage on Triyards International with a "buy" call and price target of 92 cents, based on nine times projected FY2015 earnings.

Ezion Holdings' recent move to subscribe for warrants issued by Triyards signals its confidence in the builder of lift boats, according to AmFraser.

"This will also provide a boost to its order book - potentially adding around US$150 million to Triyards' order book, which would bring (it) to an all-time high of US$550 million, giving visibility over the next two years," it said.

[Harvest Time]

The reason why Ezion looking at Triyards are due to US want to have more shallow water offshore drilling.


http://www.nationaljournal.com/energy/di...g-20140718

http://www.islandpacket.com/2014/09/01/3...d-for.html

[whosjohngalt18]

The reason why Ezion looking at Triyards are due to US want to have more shallow water offshore drilling.


http://www.nationaljournal.com/energy/di...g-20140718

http://www.islandpacket.com/2014/09/01/3...d-for.html

Does anyone else own this? I bought around 0.60.

The decline seems to be death by a thousand cuts. Understanding a large part of their business is related to the oil industry, is a decline of this nature, to these levels, really warranted?

At least those warrants they just gave to Ezion are now worthless...

[fooding]

First posting. Clarification 5+ months later. Any opinions?
Not vested yet.

14 Oct '14 announcement of acquisition, note para 7: http://infopub.sgx.com/FileOpen/Triyards...eID=339713

Now the clarification announcement of 20 March '15.
http://infopub.sgx.com/FileOpen/Triyards...eID=318168

[Harvest Time]

On 8 Jan 2015, Triyards announce US$75.4m liftboat orders

http://infopub.sgx.com/FileOpen/TRIYARDS...eID=330781

[Harvest Time]

On 9 Mar 2015, Triyards announce 2 ice class MPSV contracts worth US$100m

Total US$180n in new order since beginning of the year 2015.
http://infopub.sgx.com/FileOpen/TRIYARDS...eID=337928


Mr Chan Eng Yew, the Group’s Chief Executive Officer, said: “It has been a strong start for us in 2015, with TRIYARDS adding almost US$180 million in new orders.
“Having already established our leadership in the liftboat segment in Asia, we remain committed to growing TRIYARDS’ reputation as a first-class builder of a wide range of vessels and equipment.”

[Harvest Time]

On 6 Apr 2015,

TRIYARDS Holdings Limited (TRIYARDS or the Group) has secured new orders worth approximately US$100 million comprising of a liftboat, a high speed aluminium craft project including integrated logistics support work and a fabrication project.

http://infopub.sgx.com/FileOpen/020415%2...eID=341926

So total new order is US$280m for this year.

[WolfT]

The book order will continue to increase.
Lookout for the coming moneymind this sat, there is an interview with Eng Yew.


(Very Vested at 38cts - 40.5 cts)

[Harvest Time]

Further more NAV is around Singapore 82+ cents.
Current low PE stock.