CH Offshore

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#41
(14-05-2014, 10:36 AM)Jacmar Wrote: This is company confidential info. who would let their competitors know who their customers are, at what rates they charter and when it's maturing. Competitors will come in like a hawk when it's time for renewal. However if you attend the AGM they will give a hint as to roughly what is their average charter rates and the average maturity period of their overall fleet.

Diana Shipping is pretty open with their dry bulk charters. Look at the following chart with charter rates, charterer, period of charter:

http://www.dianashippinginc.com/default....9&langid=1
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#41
(14-05-2014, 10:36 AM)Jacmar Wrote: This is company confidential info. who would let their competitors know who their customers are, at what rates they charter and when it's maturing. Competitors will come in like a hawk when it's time for renewal. However if you attend the AGM they will give a hint as to roughly what is their average charter rates and the average maturity period of their overall fleet.

Diana Shipping is pretty open with their dry bulk charters. Look at the following chart with charter rates, charterer, period of charter:

http://www.dianashippinginc.com/default....9&langid=1
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#42
Can I say that every cent that CHO could get back from this legal case would be an extra cent since the entire debt had already been written off their book?
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#42
Can I say that every cent that CHO could get back from this legal case would be an extra cent since the entire debt had already been written off their book?
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#43
Sounds logical. Now/Look whose punting...
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#43
Sounds logical. Now/Look whose punting...
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#44
Something interesting:

http://www.vesselfinder.com/?imo=9427689...ers=0BTTTT

The above is the recent location of Coral, a 12,240 bhp AHTS belonging to associate of CHO.

It looks like it might be be docked at Kim Heng Offshore's pandan shipyard (recently IPOed company). For repairs, maybe?
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#44
Something interesting:

http://www.vesselfinder.com/?imo=9427689...ers=0BTTTT

The above is the recent location of Coral, a 12,240 bhp AHTS belonging to associate of CHO.

It looks like it might be be docked at Kim Heng Offshore's pandan shipyard (recently IPOed company). For repairs, maybe?
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#45
An old (2012) report which has some data on CHO:

http://a2.mndcdn.com/image/upload/t_atta...j1h9mv.pdf

Snapshot of table from the above report that gives a overall picture of the AHTS fleet:

   

Amusingly, the exchange rate then is same as now.

Besides the 5 (red triangles) AHTS, Coral now also belongs to associate.
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#45
An old (2012) report which has some data on CHO:

http://a2.mndcdn.com/image/upload/t_atta...j1h9mv.pdf

Snapshot of table from the above report that gives a overall picture of the AHTS fleet:

   

Amusingly, the exchange rate then is same as now.

Besides the 5 (red triangles) AHTS, Coral now also belongs to associate.
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#46
Juz noting down something that was at first confusing to me after reading Maybank's May 21 report on Nam Cheong:

http://files.shareholder.com/downloads/A...210514.pdf

Basically the data shown in figure 15 and 17 did not match the graph shown in figure 19:

   

According to figure 15, total number of working rigs is 707
According to figure 17, total number of existing AHTS is 2,223
Thus, that would give an AHTS-to-rig ratio of more than 3
However, the same ratio shown in figure 19 has never been even close to 3, rather it is shows the ratio as around 2 instead.

So its puzzling until we look at a speech transcript (pg 12) from Pareto (the source for figure 19):

http://www.opielok.de/modules/news/files...14-2_5.pdf

   

Thus, there are around 543 AHTS considered 'non-competitive' due to their advance age, so we have to deduct these from the total number of AHTS. If use all the data from Pareto, then total number of working rigs is 764, total number of AHTS is 2,022. Thus the 'competitive' AHTS to working rigs ratio would be around 1.94 (matching with figure 19)

IMO, juz read Pareto's research lor...
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#46
Juz noting down something that was at first confusing to me after reading Maybank's May 21 report on Nam Cheong:

http://files.shareholder.com/downloads/A...210514.pdf

Basically the data shown in figure 15 and 17 did not match the graph shown in figure 19:

   

According to figure 15, total number of working rigs is 707
According to figure 17, total number of existing AHTS is 2,223
Thus, that would give an AHTS-to-rig ratio of more than 3
However, the same ratio shown in figure 19 has never been even close to 3, rather it is shows the ratio as around 2 instead.

So its puzzling until we look at a speech transcript (pg 12) from Pareto (the source for figure 19):

http://www.opielok.de/modules/news/files...14-2_5.pdf

   

Thus, there are around 543 AHTS considered 'non-competitive' due to their advance age, so we have to deduct these from the total number of AHTS. If use all the data from Pareto, then total number of working rigs is 764, total number of AHTS is 2,022. Thus the 'competitive' AHTS to working rigs ratio would be around 1.94 (matching with figure 19)

IMO, juz read Pareto's research lor...
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#47
(05-05-2014, 07:16 PM)greengiraffe Wrote: http://infopub.sgx.com/FileOpen/FORM1.JC...eID=295379

Interesting insider purchase...

Exactly one month later, now its Mr Peh's turn. His total interest has increased from 29.94% to 30.56%. Wonder how Falcon feels about it?

http://infopub.sgx.com/FileOpen/_FORM1.P...eID=300350

The change in interest arose from the purchase by Mr Peh Kwee Chim of 100% of the issued shares in a company,
Grassroots Ltd, which holds 4,360,000 shares in the Listed Issuer.
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#47
(05-05-2014, 07:16 PM)greengiraffe Wrote: http://infopub.sgx.com/FileOpen/FORM1.JC...eID=295379

Interesting insider purchase...

Exactly one month later, now its Mr Peh's turn. His total interest has increased from 29.94% to 30.56%. Wonder how Falcon feels about it?

http://infopub.sgx.com/FileOpen/_FORM1.P...eID=300350

The change in interest arose from the purchase by Mr Peh Kwee Chim of 100% of the issued shares in a company,
Grassroots Ltd, which holds 4,360,000 shares in the Listed Issuer.
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#48
30% = mandatory offer.

Peh and Falcon can combined to make an Offer


Sent from my iPhone using Tapatalk
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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#48
30% = mandatory offer.

Peh and Falcon can combined to make an Offer


Sent from my iPhone using Tapatalk
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
Reply
#49
Is this negative for Falcon if JP need to do a mandatory offer as he may offer lower than falcon purchase price of 70cts?
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#49
Is this negative for Falcon if JP need to do a mandatory offer as he may offer lower than falcon purchase price of 70cts?
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#50
(06-06-2014, 01:46 AM)GPD Wrote: Is this negative for Falcon if JP need to do a mandatory offer as he may offer lower than falcon purchase price of 70cts?

Falcon can always counter offer if its too low, unless they not enough resources at this point of time. Otherwise they really lose out when AHTS rates start climbing due to imbalance of AHTS to Rig ratio. I presume when that happens the vessels together with long term charters are worth much more than their current book values.
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#50
(06-06-2014, 01:46 AM)GPD Wrote: Is this negative for Falcon if JP need to do a mandatory offer as he may offer lower than falcon purchase price of 70cts?

Falcon can always counter offer if its too low, unless they not enough resources at this point of time. Otherwise they really lose out when AHTS rates start climbing due to imbalance of AHTS to Rig ratio. I presume when that happens the vessels together with long term charters are worth much more than their current book values.
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