CH Offshore

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Don't mean to spam but posting here too since there is a section FEG's offer for CH Offshore:
http://stockresearchasia.com/1/post/2015...ging1.html
Reply
Don't mean to spam but posting here too since there is a section FEG's offer for CH Offshore:
http://stockresearchasia.com/1/post/2015...ging1.html
Reply
(16-02-2015, 03:58 PM)Debronic Wrote: Don't mean to spam but posting here too since there is a section FEG's offer for CH Offshore:
http://stockresearchasia.com/1/post/2015...ging1.html

I was told somehow the original link had gone bad leading to an error page. Here's the link again:
http://stockresearchasia.com/1/post/2015...rging.html
Reply
(16-02-2015, 03:58 PM)Debronic Wrote: Don't mean to spam but posting here too since there is a section FEG's offer for CH Offshore:
http://stockresearchasia.com/1/post/2015...ging1.html

I was told somehow the original link had gone bad leading to an error page. Here's the link again:
http://stockresearchasia.com/1/post/2015...rging.html
Reply
Offer has ended. Falcon now controls 86.71% of CHO:

http://infopub.sgx.com/FileOpen/Close%20...eID=336847
Reply
Offer has ended. Falcon now controls 86.71% of CHO:

http://infopub.sgx.com/FileOpen/Close%20...eID=336847
Reply
(28-02-2015, 12:46 AM)smallcaps Wrote: Offer has ended. Falcon now controls 86.71% of CHO:

http://infopub.sgx.com/FileOpen/Close%20...eID=336847

What will happened to the minority shareholders? I not in Singapore and didn't submit the offer letter. It didn't cross 90% so that means the stock will remain listing and no general offer?

Quite bothered for seeing the share price dropped much below the offer price.
Reply
(28-02-2015, 12:46 AM)smallcaps Wrote: Offer has ended. Falcon now controls 86.71% of CHO:

http://infopub.sgx.com/FileOpen/Close%20...eID=336847

What will happened to the minority shareholders? I not in Singapore and didn't submit the offer letter. It didn't cross 90% so that means the stock will remain listing and no general offer?

Quite bothered for seeing the share price dropped much below the offer price.
Reply
(28-02-2015, 12:28 PM)hongonn Wrote: What will happened to the minority shareholders? I not in Singapore and didn't submit the offer letter. It didn't cross 90% so that means the stock will remain listing and no general offer?

Quite bothered for seeing the share price dropped much below the offer price.

Not in Sgp is not an excuse. You could have sold it in the open mkt. What were you thinking? Expecting a higher GO offer when CH/JPeh has already thrown in the towel and that FEG has already achieved their objective of getting 51%? Now you are happily investing alongside FEG. You now know the upside ceiling but don't know the downside which is considerable as CHO plays mostly in deep water and is under strong headwinds. You just have to hope that the oil price turns up or else there will be more downward pressure for CHO price/earnings.
Reply
(28-02-2015, 12:28 PM)hongonn Wrote: What will happened to the minority shareholders? I not in Singapore and didn't submit the offer letter. It didn't cross 90% so that means the stock will remain listing and no general offer?

Quite bothered for seeing the share price dropped much below the offer price.

Not in Sgp is not an excuse. You could have sold it in the open mkt. What were you thinking? Expecting a higher GO offer when CH/JPeh has already thrown in the towel and that FEG has already achieved their objective of getting 51%? Now you are happily investing alongside FEG. You now know the upside ceiling but don't know the downside which is considerable as CHO plays mostly in deep water and is under strong headwinds. You just have to hope that the oil price turns up or else there will be more downward pressure for CHO price/earnings.
Reply
(28-02-2015, 02:08 PM)Jacmar Wrote: Not in Sgp is not an excuse. You could have sold it in the open mkt. What were you thinking? Expecting a higher GO offer when CH/JPeh has already thrown in the towel and that FEG has already achieved their objective of getting 51%? Now you are happily investing alongside FEG. You now know the upside ceiling but don't know the downside which is considerable as CHO plays mostly in deep water and is under strong headwinds. You just have to hope that the oil price turns up or else there will be more downward pressure for CHO price/earnings.

Oops, i thought it going to cross 90% and everyone has to sell at $0.55. Then i can save some transaction cost :p Like that can only hope it gone to a better hand.

I wonder could it be possible Falcon acquire more than 90% from the open market and force acquisition and delisting it at much lower price below $0.55 the previous offer?
Reply
(28-02-2015, 02:08 PM)Jacmar Wrote: Not in Sgp is not an excuse. You could have sold it in the open mkt. What were you thinking? Expecting a higher GO offer when CH/JPeh has already thrown in the towel and that FEG has already achieved their objective of getting 51%? Now you are happily investing alongside FEG. You now know the upside ceiling but don't know the downside which is considerable as CHO plays mostly in deep water and is under strong headwinds. You just have to hope that the oil price turns up or else there will be more downward pressure for CHO price/earnings.

Oops, i thought it going to cross 90% and everyone has to sell at $0.55. Then i can save some transaction cost :p Like that can only hope it gone to a better hand.

I wonder could it be possible Falcon acquire more than 90% from the open market and force acquisition and delisting it at much lower price below $0.55 the previous offer?
Reply
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http://stockresearchasia.com/1/category/...ltd/1.html

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Latest research on FEG and CHO here:
http://stockresearchasia.com/1/category/...ltd/1.html

Do support by liking our facebook page if you want to get the latest reports: https://www.facebook.com/stockresearchasia
Help me make sharing a little easier. Thanks! Smile
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PDVSA oil division wins approval to escape CH Offshore row

http://webcache.googleusercontent.com/se...clnk&gl=sg

The core oil division of Petroleos de Venezuela (PDVSA) has succeeded in extracting itself from a legal fight in London over a charter of two CH Offshore vessels.

...
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PDVSA oil division wins approval to escape CH Offshore row

http://webcache.googleusercontent.com/se...clnk&gl=sg

The core oil division of Petroleos de Venezuela (PDVSA) has succeeded in extracting itself from a legal fight in London over a charter of two CH Offshore vessels.

...
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Today i was reading the CH Offshore quarter result. Absolutely i wasn't impressed by the poor result.

Anyway when i scroll to the end of the report. I see the dividend

Name of Dividend: Special tax-exempt One-tier
Dividend Type: Cash
Dividend Rate (SGD cents per share): 9.00

I not sure i interpret it correctly or not. Are they giving away 9 cents of dividend per share?
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Today i was reading the CH Offshore quarter result. Absolutely i wasn't impressed by the poor result.

Anyway when i scroll to the end of the report. I see the dividend

Name of Dividend: Special tax-exempt One-tier
Dividend Type: Cash
Dividend Rate (SGD cents per share): 9.00

I not sure i interpret it correctly or not. Are they giving away 9 cents of dividend per share?
Reply
I would interpret the same as you.

If indeed dividend at S$0.09, the company has the financial ability to pay. Very likely as Falcon would try to squeeze its cash resources after the acquisition.

No of share 705,090,514
Dividend S$ 0.09
Dividend Amt in S$ 63,458,146
Exch rate 1.33
Dividend Amt in USD 47,712,892
CCE - Company 31.3.2015 USD 73,290,000

Alternatively, it could be a typo error, meant to be S$0.009 dividend instead, then it will be very embarrassing - least probable. IMO.
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I would interpret the same as you.

If indeed dividend at S$0.09, the company has the financial ability to pay. Very likely as Falcon would try to squeeze its cash resources after the acquisition.

No of share 705,090,514
Dividend S$ 0.09
Dividend Amt in S$ 63,458,146
Exch rate 1.33
Dividend Amt in USD 47,712,892
CCE - Company 31.3.2015 USD 73,290,000

Alternatively, it could be a typo error, meant to be S$0.009 dividend instead, then it will be very embarrassing - least probable. IMO.
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