Boustead Singapore

[holymage]

Or maybe Trump is referring to cutting back 10 million barrels per month, or per year

[Curiousparty]

Oil up 30% this week !


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[Bibi]

If purchasing Boustead is banking on oil price rise, then i suggest taking a look at Exxon Mobil which offers much value when oil price comes back up. If USA oil producers refuse to cut its own production and instead hoping Russia and OPEC themselves to reach a production cut deal, then there will be no deal.

https://sg.finance.yahoo.com/news/u-not-...30463.html

[Curiousparty]

Given the strict government containment measures in place globally, as well as potential significant disruptions to the global supply chain, there are expectations that some projects may face potential delays. Where applicable, project schedules will be reviewed with clients and there will be an assessment of any government support and temporary relief measures for businesses. In addition, major subsidiaries in Singapore will also assess and review the COVID-19 (Temporary Measures) Bill7 which will be introduced in Singapore’s Parliament in the coming week and is intended to offer temporary relief and support to businesses and individuals affected by the COVID-19 pandemic locally.
As the Company’s financial year recently ended on 31 March 2020 (“FY2020”), the Company will also provide further updates in due course if necessary, on whether an extension of time to announce FY2020 full-year results and hold its annual general meeting, subject to SGX and regulatory approvals, will be required.

In view of the fluidity of the COVID-19 pandemic globally, the extent of the impact on the Boustead Group’s financial performance and operations for FY2020 and FY2021 cannot be determined at this point in time. Nonetheless, it should be highlighted that the Boustead Group continues to maintain an extremely healthy balance sheet, net cash position and order book backlog, in addition to multiple lines of potential financing.

Boustead will provide shareholders with further relevant announcements in due course if necessary, should there be material updates.
The Boustead Group remains committed to taking the necessary measures to protect the health, safety and wellbeing of its team members, subcontractors and their workers, clients, the wider communities and other stakeholders, and stands together with the world in this fight against the spread of the COVID-19 pandemic.


By Order of the Board Alvin Kok
Company Secretary



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[Curiousparty]

https://on.mktw.net/2UUsmiK Check out this article from MarketWatch - Saudis, Russians reach agreement in principle to cut oil production: WSJ





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[ksir]

To me, the investment in boustead is in their watchest!
If they don't deploy the long idled cash wisely in this downturn, their return of total capital is not attractive even at this price.

I'd rather invest in BP which has a long run visible growth path.
Their challenge is clearer, in execution!

While Boustead future growth is always hindered by their available Option (the cash).
It's like the dude is full of potential (the cash) but yet never really delivers


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Seems like they are going to waste the crisis AGAIN!!


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[Bibi]

To me, the investment in boustead is in their watchest!
If they don't deploy the long idled cash wisely in this downturn, their return of total capital is not attractive even at this price.

I'd rather invest in BP which has a long run visible growth path.
Their challenge is clearer, in execution!

While Boustead future growth is always hindered by their available Option (the cash).
It's like the dude is full of potential (the cash) but yet never really delivers


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Seems like they are going to waste the crisis AGAIN!!


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And I wont be surprised if they going to reduce dividend from 3 to 2 cents again. I guess there must be a reason why WFF brother in law and a Boustead former deputy chairman sold off their entire stake in Boustead. Boustead revenue in O&G has increased by close to 100% but yet that segment profit reduced by more than 50%.

[ksir]

To me, the investment in boustead is in their watchest!
If they don't deploy the long idled cash wisely in this downturn, their return of total capital is not attractive even at this price.

I'd rather invest in BP which has a long run visible growth path.
Their challenge is clearer, in execution!

While Boustead future growth is always hindered by their available Option (the cash).
It's like the dude is full of potential (the cash) but yet never really delivers


Sent from my iPhone using Tapatalk

Seems like they are going to waste the crisis AGAIN!!


Sent from my iPad using Tapatalk

And I wont be surprised if they going to reduce dividend from 3 to 2 cents again. I guess there must be a reason why WFF brother in law and a Boustead former deputy chairman sold off their entire stake in Boustead. Boustead revenue in O&G has increased by close to 100% but yet that segment profit reduced by more than 50%.

Hope they are not going to Kingsmen route! (Huge gap of misalignment between minority and controlling shareholders).
It’s actually another case in point of the constraint of deep value investment.
It’s perhaps what would happen to Bershire if Buffett sticked to his Graham method and keep looking ONLY for deep value buy.


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[Curiousparty]

The Board of Directors (the “Board”) of Boustead Singapore Limited (“Boustead” or the “Company”) refers the global outbreak of the COVID-19 pandemic which, thus far, has spread to over 200 countries and territories, and infected over 1.1 million confirmed cases globally1 and also refers to the Singapore Government’s announcement on 3 April 2020 in relation to the COVID-19 Circuit Breaker: Closure of Workplace Premises2 (“Circuit Breaker Measures”) and elevated safe distancing measures3,4,5 which will result in the closure of workplaces not listed as essential services6, commencing on 7 April 2020 and applicable until 4 May 2020.  The latest containment measures implemented by the Singapore Government will affect most of the Boustead Group’s offices and project sites in Singapore, with some exemptions granted to a few major subsidiaries and/or departments within the Energy-Related Engineering Division, Geospatial Technology Division and Healthcare Technology Division, categorised as essential services.

[Bibi]

Hope they are not going to Kingsmen route! (Huge gap of misalignment between minority and controlling shareholders).
It’s actually another case in point of the constraint of deep value investment.
It’s perhaps what would happen to Bershire if Buffett sticked to his Graham method and keep looking ONLY for deep value buy.


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This I am not so worry. I have confidence WFF is shareholder friendly. Just a gut feel.