Posts: 1,045
Threads: 5
Joined: Nov 2012
Reputation:
6
Hi All,
Am looking at the Q1 results for FY13 and FY14. Based on FY13 announcement, the Revenue was $24M, NP of $1.554M. Based on FY14 announcement, the Revenue for FY13 was $19.8M, NP of $1.485M. Anyone know why it is adjusted? I can't find the answers in any of the in between annoucements.
FY13Q1 announcement:
http://infopub.sgx.com/FileOpen/Penguin_...leID=13043
FY14Q1 announcement:
http://infopub.sgx.com/FileOpen/Penguin_...eID=296621
Thanks in advanced. 
Posts: 395
Threads: 7
Joined: Mar 2013
Reputation:
4
(21-05-2014, 11:13 PM)NTL Wrote: Hi All,
Am looking at the Q1 results for FY13 and FY14. Based on FY13 announcement, the Revenue was $24M, NP of $1.554M. Based on FY14 announcement, the Revenue for FY13 was $19.8M, NP of $1.485M. Anyone know why it is adjusted? I can't find the answers in any of the in between annoucements.
FY13Q1 announcement:
http://infopub.sgx.com/FileOpen/Penguin_...leID=13043
FY14Q1 announcement:
http://infopub.sgx.com/FileOpen/Penguin_...eID=296621
Thanks in advanced.
Should be adjustment made for discontinued operation.
Posts: 1,045
Threads: 5
Joined: Nov 2012
Reputation:
6
(21-05-2014, 11:24 PM)GPD Wrote: (21-05-2014, 11:13 PM)NTL Wrote: Hi All,
Am looking at the Q1 results for FY13 and FY14. Based on FY13 announcement, the Revenue was $24M, NP of $1.554M. Based on FY14 announcement, the Revenue for FY13 was $19.8M, NP of $1.485M. Anyone know why it is adjusted? I can't find the answers in any of the in between annoucements.
FY13Q1 announcement:
http://infopub.sgx.com/FileOpen/Penguin_...leID=13043
FY14Q1 announcement:
http://infopub.sgx.com/FileOpen/Penguin_...eID=296621
Thanks in advanced.
Should be adjustment made for discontinued operation.
IC. Thank you.
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation:
64
(21-05-2014, 09:49 PM)Ben Wrote: (21-05-2014, 09:11 PM)CityFarmer Wrote: The company business is on crewboat, rather on OSV, IIRC. The growth of the company business seems just started, and more will come, IMO.
(vested)
OSV is just a generic name. We should understand that Penguin's crewboat is not just for ferrying of crews, it can also be used to carry supplies or even to fight fire/pirates etc. It is quite versatile. Penguin name its bigger boat (those 50 meters and above) FSIV, but in essence, they are all OSV.
May be my interpretation is wrong.
OSV (Offshore Support Vessels) is a generic name for safety standby vessels (SSV), anchor handling tug supply (AHTS) vessels etc, which specifically supporting offshore oil and gas exploration and production (E&P) and oil services industries.
Nam Cheong building OSVs, but Penguin don't, IMO. Base on your reply, Penguin doesn't support only offshore E&P customers, but also others customers, right?
Anyway, The most important point is Penguin doesn't depend ONLY on E&P business, but I am still trying to figure out the distribution.
(vested)
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Posts: 2,966
Threads: 71
Joined: Sep 2010
Reputation:
52
I guess what we should always bear in mind is that Penguin's boats are made of aluminium alloy (instead of steel) therefore are much lighter. As a direct result, the boats can run much faster on the same engine capacity, and therefore also cheaper to run based on fuel consumption/distance efficiency measurement. Maintenance cost is likely lower as aluminium alloy does not rust and is more resistant to corrosion.
Penguin's industry standard Flex-40 crewboats are run by a very small crew and typically can carry 78 to 90 passengers in great comfort, plus a good 60MT of palletised cargoes. Because the boats are fast and cheaper to run, I suppose charterers and fleet operators are driven to buy/own or lease and operate such boats mainly because of their great economics, as well as the much lower upfront investment cost per boat.
Of course, we should also bear in mind that Penguin's boats have proven to be flexible enough to play other and multi- roles, e.g. fire fighting, coastal patrol, stand-by vessel, etc.
Posts: 338
Threads: 28
Joined: Mar 2014
Reputation:
12
In the shipbuilding industry, is there anything you can do to stop competitors from copying your designs? For example, can the design be patented?
Posts: 2,966
Threads: 71
Joined: Sep 2010
Reputation:
52
Received my $0.005/share FY13 Final dividend yesterday. Feeling great!
Based on today's (29May14) closing share price of $0.245, including the $0.005 dividend received, the one-year return for those who have held on to their Penguin shares since 31May13 (closing share price: $0.081) is an amazing 208.6%!…..
https://sg.finance.yahoo.com/q/bc?t=1y&s...=l&c=&ql=1
It sure pays to be long-term investor in a quality and growing business!
Posts: 2,512
Threads: 24
Joined: Sep 2010
Reputation:
19
yes sir!  feeling shiok too!
Hope this Penguin can grow and grow!
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
Posts: 183
Threads: 0
Joined: Sep 2012
Reputation:
2
1st June trading day, penguin a lot of selling pressure...
At 10:30AM, vol 7476K lots traded, price $0.225, down 1.5ct...
Posts: 2,512
Threads: 24
Joined: Sep 2010
Reputation:
19
profit taking, maybe a good chance to accumulate for long term investors!
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
|
Homepage
PR Newswire
