Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Marco Polo Marine Ltd
14-09-2016, 04:48 PM,
Post: #41
RE: Marco Polo Marine Ltd
All these listed companies have an ultimate weapon. Ask shareholders to foot the bill.
Say yes, you will not lose at now and there is a very small chance of losing less later but a very high chance of losing more later.
Say no, you lose all now.
Make choice.

Find Reply
15-09-2016, 03:15 PM, (This post was last modified: 22-09-2016, 11:28 PM by cfa.)
Post: #42
RE: Marco Polo Marine Ltd
Another potential Chapter 11 candidate ?
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

Find Reply
22-09-2016, 09:02 PM,
Post: #43
RE: Marco Polo Marine Ltd

One by one the domino falls- Leveraged company before the oil price becomes over leveraged.

Net cash companies pre-crisis have started turning net debt.

Find Reply
24-09-2016, 08:56 AM,
Post: #44
RE: Marco Polo Marine Ltd
马可波罗海业现金不足 恐难还债
2016年9月22日 星期四 09:41 AM/陈爱薇ter
(联合早报网讯)马可波罗海业(Marco Polo Marine)今早在新交所发表文告表示,集团截至今年6月30日的首九个月蒙损750万元,预料全年也会蒙损。




Find Reply
24-09-2016, 08:59 AM,
Post: #45
RE: Marco Polo Marine Ltd
马可波罗海业争取 把即将到期票据延期三年
2016年9月23日 星期五 03:30 AM/陈爱薇王阳发来自/联合早报 


马可波罗海业(Marco Polo Marine)预料全年蒙损,无法生成足够现金来偿还债务,正争取把即将到期的票据期限延长三年。















Find Reply
26-09-2016, 10:38 AM, (This post was last modified: 26-09-2016, 10:40 AM by BlueKelah.)
Post: #46
RE: Marco Polo Marine Ltd
Normally I dun bother waste time looking too much at companies in struggling sectors, but this morning came across this gossip which led me to this article on local motley fool website...

Crucial Investing Lessons From Marco Polo Marine Ltd’s Woes

When times are good, a heavily indebted company can easily borrow new money to repay old debt. But when times are tough, refinancing can become awfully difficult. Billionaire investor Warren Buffett has the best quote on this I’ve ever come across and I think it bears repeating (emphases mine):
Quote:“Leverage, of course, can be lethal to businesses as well. Companies with large debts often assume that these obligations can be refinanced as they mature. That assumption is usually valid. Occasionally though, either because of company-specific problems or a worldwide shortage of credit, maturities must actually be met by payment. For that, only cash will do the job.
Borrowers then learn that credit is like oxygen. When either is abundant, its presence goes unnoticed. When either is missing, that’s all that is noticed. Even a short absence of credit can bring a company to its knees.”

GoSSip from wikipedia: 
In January 2014, Vivian got engaged to 36-year-old Singapore businessman Sean Lee of Marco Polo Marine Limited.[5] They held a wedding ceremony in Bali, Indonesia on June 26.[6] Vivian announced her pregnancy in March, 2015 via Facebook calling the pregnancy a "surprise" and "heaven sent" and said it came at a time when the self-professed workaholic promised to clear her work schedule in 2015 to focus on starting a family.[7] On the 13th of August, she gave birth to a boy.

[Image: Vivian4comp.jpg]

She must be pretty happy, hubby can spend more time at home in the future...
"I love Taiwan"

Find Reply
14-10-2016, 06:01 PM,
Post: #47
RE: Marco Polo Marine Ltd
Marco Polo Marine Noteholders Approve Restructuring of Its S$50 Million 5.75% Fixed Rate Notes due 2016

Highlights :

* 172 votes or 97.18% of the total votes cast were in favour of the Extraordinary Resolution tabled to restructure the debt arising from the Notes.

* Principal terms in connection with the restructuring of the debt arising from the Notes are:
  •  Extension of the Ordinary Maturity Date of the Notes for a period of three years;
  •  Additional Interest at the rate of 1.5% per annum to be paid on the Notes, such additional interest payable in two instalments; and
  •  Grant to Noteholders of a second ranking mortgage over land with an approximate area of 152,750 square metres in Batam, Indonesia.
Specuvestor: Asset - Business - Structure.
Website Find Reply
15-10-2016, 10:16 AM,
Post: #48
RE: Marco Polo Marine Ltd
approve, kick the can down the road to 2019, + (5.75%+1.5%) = 7.25% interests! :O

strong banks support leh! wonder which are the banks? :O
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! 

Find Reply
15-04-2017, 09:56 AM,
Post: #49
RE: Marco Polo Marine Ltd
Burdened by its overleveraged balance sheet, Marco Polo seeks more debt restructuring.

Find Reply
02-05-2017, 09:49 PM,
Post: #50
RE: Marco Polo Marine Ltd
The end game is here.

Request for Suspension

Find Reply

Forum Jump:

Users browsing this thread: 1 Guest(s) | Return to Top | | Lite (Archive) Mode | RSS Syndication | CONTACT US: |