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Penguin International
21-07-2017, 01:59 PM,
Post: #1041
RE: Penguin International
So Triyard and Nam Cheong are all heading for big trouble. What about the vessels they have? Will there be a fire sale? If there is, will that not be be bad news for Penguin?

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21-07-2017, 03:28 PM, (This post was last modified: 21-07-2017, 03:29 PM by CY09. Edit Reason: Edits )
Post: #1042
RE: Penguin International
Unlike triyards and nam Cheong, penguin remaining ppe and inventory are not significant to its NAV. And it's receivable are from reputable and strong customers such as mha.

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21-07-2017, 08:09 PM,
Post: #1043
RE: Penguin International
I think touzi is suggesting that a fire sale may result in suppressed prices for the products that Penguin is selling. Why buy full price when you can get it heavily discounted, right? So while Penguin may not face an immediate threat of having to liquidate its assets -- as it is well-capitalised -- it may face poorer sales for an extended period of time.

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21-07-2017, 10:50 PM,
Post: #1044
RE: Penguin International
Indeed that's what I meant. Thanks karlmarx.

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22-07-2017, 01:48 PM,
Post: #1045
RE: Penguin International
looking at the share price and interest in Penguin, I am thinking of buying some.

Penguin is definitely not flying but looks to be in good shape.

It's extremely conservative PPE and value to it's buyers is an eye opener and deserved special mentioned.

Just like the flood in Thailand that damaged so many manufacturing plant including Adampak.

The difference between Adampak and the *normal* company were:
1. Adampak actually brought insurance for flood damage.
2. After using the insurance $$$ to retrofit to original condition, Adampak close and move out of the flood zone.
    (while others just pray that flood is a black swan event.)

Big Grin
感恩

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07-08-2017, 06:29 PM,
Post: #1046
RE: Penguin International
2Q result just out.....
http://infopub.sgx.com/FileOpen/Penguin_...eID=465804

Notwithstanding a small net loss of -$89k, after accounting for depreciation of $2247k, PPE written off of $13k, forex gain of $85k, and gain on disposal of PPE of $244k, Penguin managed to record another quarter of positive cash flow from operation of $1.8m. Penguin also managed to pare its inventory by $6.9m in 2Q, to $13.5m as at 30Jun17 (vs. $20.4m as at 31mar17), as well as vessels in its operating fleet held under PPE which brought in proceeds of $3.1m in 2Q. All these cash inflows have allowed Penguin to post a much higher net cash position of $34.4m as at 30Jun17 (vs. a net cash position of $25.3m as at 31Mar17). This is significant, as a high net cash position will put Penguin in a solid financial position to survive the current industry downturn, and also allow the company to take advantage of any good business or acquisition opportunities that may emerge.

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08-10-2017, 10:33 PM,
Post: #1047
RE: Penguin International
Penguin's all-new Flex-42X crewboat.....
http://www.penguin.com.sg/vessel-specs/flex-42x/
This Flex-42X model is expected to become Penguin's mainstay crewboat product. More technical information.....
https://www.bmtng.com/media/6666245/Inno...0Boats.pdf

From the Facebook page of Penguin's strategic project partner PT Vista Maritim.....
https://www.facebook.com/PT-VISTA-MARITI...170132516/
Flex-42X appears to have gone on volume production recently.

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11-10-2017, 12:41 AM,
Post: #1048
RE: Penguin International
(08-10-2017, 10:33 PM)dydx Wrote: Penguin's all-new Flex-42X crewboat.....
http://www.penguin.com.sg/vessel-specs/flex-42x/
This Flex-42X model is expected to become Penguin's mainstay crewboat product. More technical information.....
https://www.bmtng.com/media/6666245/Inno...0Boats.pdf

From the Facebook page of Penguin's strategic project partner PT Vista Maritim.....
https://www.facebook.com/PT-VISTA-MARITI...170132516/
Flex-42X appears to have gone on volume production recently.

Will Penguin be in China's radar screen to serve her growing tourists in South China Sea from Hainan Island akin to Singapore to Batam and Bintang for Penguin's cost effective of production?

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13-10-2017, 01:17 PM,
Post: #1049
RE: Penguin International
(11-10-2017, 12:41 AM)coolken163 Wrote:
(08-10-2017, 10:33 PM)dydx Wrote: Penguin's all-new Flex-42X crewboat.....
http://www.penguin.com.sg/vessel-specs/flex-42x/
This Flex-42X model is expected to become Penguin's mainstay crewboat product. More technical information.....
https://www.bmtng.com/media/6666245/Inno...0Boats.pdf

From the Facebook page of Penguin's strategic project partner PT Vista Maritim.....
https://www.facebook.com/PT-VISTA-MARITI...170132516/
Flex-42X appears to have gone on volume production recently.

Will Penguin be in China's radar screen to serve her growing tourists in South China Sea from Hainan Island akin to Singapore to Batam and Bintang for Penguin's cost effective of production?

Penguin on a fast boat to china? Looking forward to that.

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