swiber bonds

[V_for_Vanilla]

Total claims have now doubled to US$50 mil. http://infopub.sgx.com/FileOpen/SHL - LOD 2016 0http://infopub.sgx.com/FileOpen/SHL
Application for judicial management instead of liquidation.
http://infopub.sgx.com/FileOpen/SHL - JM announcement_20160729.ashx?App=Announcement&FileID=415004

 

[SpeedingBullet]

This is the norm and dirty culture in the forum. I have been here and CNA market since 2007. I am used to it.

Nobody gives me the credit for calling Noble sell when it was >80 cents. I cut loss at $1.20.

It's gotten way worse over the past years - random members coming in acting all high and mighty but knowing nothing in reality That's why I'm no longer active in this forum . I knew this thread will be bumped up and I knew people will start lynching you

What's new?

 

[slurpy0099]

Poor cashflows, high debt, dwindling profit margins, poor sectorial outlook.

The muddy report was the icing on the cake. Sell and get out. Why face uncertainty with the financial accounting? True or false doesn't matter. Investors don't like uncertainty.

Can share what is ur train of thought that seiner has Poor cashflows, high debt, dwindling profit margins, poor sectorial outlook?

 

[itedino]

to me the rate is quite acceptable comparing to other available bonds. i consider it a junk too. but i think that swiber is very very unlikely to go bust, so you can be 99% certain to get back your capital on maturity. furthermore, this is a very short duration bond.

Mike, Swiber went burst liao.

 

[Mecisteus]

Can share what is ur train of thought that seiner has Poor cashflows, high debt, dwindling profit margins, poor sectorial outlook?

I think it is irrelevant to discuss my views in the past. Someone will say that I am a horse back canon. The negative events have passed and results have happened.

Moving forward, stay away from commodity and o&g stocks.

The only sectors that you should be focusing on are technology, medical and biotech related stocks. Because these are the sectors that will continue to drive the economy now. Just look around you. Everything is evolving around technology. Medical is always important.

Probably you can consider some consumer stocks that will benefit from low commodity prices.

PS: Sorry not much diversity that you can find in the local market. I suggest you stick with top quality reits or STI ETF if you are dealing with the local market. The smaller cap stocks like SATS and RMG are at expensive valuation because they are the only quality stocks available locally but in high demand.

In the US, there are tons of stocks to look at.

 

[V_for_Vanilla]

Could the liquidation announcement be a ploy to get creditors' support?

 

[Mecisteus]

Mike, Swiber went burst liao.

Hey. Welcome. Are you awake?

That post was made in 2014.

 

[Mecisteus]

I think it is irrelevant to discuss my views in the past. Someone will say that I am a horse back canon. The negative events have passed and results have happened.

Moving forward, stay away from commodity and o&g stocks.

The only sectors that you should be focusing on are technology, medical and biotech related stocks. Because these are the sectors that will continue to drive the economy now. Just look around you. Everything is evolving around technology. Medical is always important.

Probably you can consider some consumer stocks that will benefit from low commodity prices.

PS: Sorry not much diversity that you can find in the local market. I suggest you stick with top quality reits or STI ETF if you are dealing with the local market. The smaller cap stocks like SATS and RMG are at expensive valuation because they are the only quality stocks available locally but in high demand.

In the US, there are tons of stocks to look at.

To add on, stay away from banks. Some of the them are time bombs carrying lots of toxic debts that are waiting to explode.

These are just some of my macro views. And most importantly, pick companies that are generating real profits and cash flows if you plan to hold mid to longer term.

 

[Lex1989]

I think it is irrelevant to discuss my views in the past. Someone will say that I am a horse back canon. The negative events have passed and results have happened.

Moving forward, stay away from commodity and o&g stocks.

The only sectors that you should be focusing on are technology, medical and biotech related stocks. Because these are the sectors that will continue to drive the economy now. Just look around you. Everything is evolving around technology. Medical is always important.

Probably you can consider some consumer stocks that will benefit from low commodity prices.

PS: Sorry not much diversity that you can find in the local market. I suggest you stick with top quality reits or STI ETF if you are dealing with the local market. The smaller cap stocks like SATS and RMG are at expensive valuation because they are the only quality stocks available locally but in high demand.

In the US, there are tons of stocks to look at.

horse back canon!!!!!






just kidding

 

[wahkao3]

and always dont be hard up over dividend!!!

be hard up over low risk high return!

 

[peterchan75]

To add on, stay away from banks. Some of the them are time bombs carrying lots of toxic debts that are waiting to explode.

These are just some of my macro views. And most importantly, pick companies that are generating real profits and cash flows if you plan to hold mid to longer term.

It only takes oil to hit 50 and then on to 60s...... It only take a few speculators to go the other side.
Hor seh liao... Swiber can repaint the boats... cash register starts to ring liao... chez...ching..

 

[Mecisteus]

It only takes oil to hit 50 and then on to 60s...... It only take a few speculators to go the other side.

Yeah that is from a speculator point of view or if you are an investor who is good dealing with special situations. If you have the gambling mindset, just bet on the commodity and o&g stocks.

My views are more based on fundamentals. I prefer to stick with companies with good fundamentals. Expected returns will be lower. Good thing is, returns can always be magnified through leverage.

 

[Maeda_Toshiie]

I think it is irrelevant to discuss my views in the past. Someone will say that I am a horse back canon. The negative events have passed and results have happened.

Moving forward, stay away from commodity and o&g stocks.

The only sectors that you should be focusing on are technology, medical and biotech related stocks. Because these are the sectors that will continue to drive the economy now. Just look around you. Everything is evolving around technology. Medical is always important.

Probably you can consider some consumer stocks that will benefit from low commodity prices.

PS: Sorry not much diversity that you can find in the local market. I suggest you stick with top quality reits or STI ETF if you are dealing with the local market. The smaller cap stocks like SATS and RMG are at expensive valuation because they are the only quality stocks available locally but in high demand.

In the US, there are tons of stocks to look at.

This is the biggest problem with SGX. We have almost NO quality stocks on biomedical and technology companies (for a country with such "world class" higher institutions, it is a freaking joke). RMG is frankly, what I call a "front end service" company. It serves rich patients from the region. It does not create new products or invent new technologies. Its fortunes depends on the economy of the region and competing medical services elsewhere.

The only way to invest in technology stocks is to head to the US, but the singular problem of FX makes it riskier than otherwise.

Yeah that is from a speculator point of view or if you are an investor who is good dealing with special situations. If you have the gambling mindset, just bet on the commodity and o&g stocks.

My views are more based on fundamentals. I prefer to stick with companies with good fundamentals. Expected returns will be lower. Good thing is, returns can always be magnified through leverage.

I do not completely agree on this. Short of geopolitical upheavals that massively cut production, the glory days of >$100 per barrel are over. On the other hand, companies need to break even and there is a limit to cost cutting (even if Shell does an amazing job at it). Equipment gets worn out and fields get depleted. Oil prices cannot stay below $50 forever. The Saudis will never reform their economy and society in time to wean themselves off oil.

 

[Mecisteus]

This is the biggest problem with SGX. We have almost NO quality stocks on biomedical and technology companies (for a country with such "world class" higher institutions, it is a freaking joke). RMG is frankly, what I call a "front end service" company. It serves rich patients from the region. It does not create new products or invent new technologies. Its fortunes depends on the economy of the region and competing medical services elsewhere.

The only way to invest in technology stocks is to head to the US, but the singular problem of FX makes it riskier than otherwise.

Just 1 sentence.

We are just a small country.

But we have 1 of the highest GDP per capita. So what does it tell you? Our country is too small to produce so many quality companies.

The world is round and getting more interconnected. So why limit yourself on your own backyard? Just venture out and buy foreign stocks.

 

[sanzhu]

50 million took down at billion dollar ciompany

 

[trailblaze]

50 million took down at billion dollar ciompany

Agreed....definitely very smelly fish abound in tis episode....

 

[wahkao3]

This is the biggest problem with SGX. We have almost NO quality stocks on biomedical and technology companies (for a country with such "world class" higher institutions, it is a freaking joke). RMG is frankly, what I call a "front end service" company. It serves rich patients from the region. It does not create new products or invent new technologies. Its fortunes depends on the economy of the region and competing medical services elsewhere.

The only way to invest in technology stocks is to head to the US, but the singular problem of FX makes it riskier than otherwise.

you dont need cutting edge biomed or technology businesss to make money

some of the most profitable companies are boring ulu ulu business

For example. Undertaker business

===============================

http://forums.hardwarezone.com.sg/s...anteed-never-obsolete-business-4938545-2.html
The Most Defensive Industry to invest,100% guaranteed never obsolete business

The most defensive industry in the world is death care. According to the National Funeral Directors Association, the number of deaths per 1,000 of population is expected to rise from the rate of eight per year in 2011, the most recent available data, to 8.4 by 2020, 8.9 by 2030, and nearly 10 by 2045. This is a compound annual growth rate of about 2.9%. What's more, it is likely that the number of deaths will continue to rise as the median age of the US population continues to rise.
The industry is fragmented
Companies like Service Corporation International (NYSE: SCI ) and Carriage Services (NYSE: CSV ) are set to benefit from this trend. However, the death-care industry is highly fragmented and approximately 86% of the funeral homes within the United States are privately owned. That said, despite the rising number of deaths during the past decade, the number of US funeral homes has actually declined around 9.5% over the same period, according to data from 2012. Despite this decline in death-care facilities, funeral home revenue actually expanded 8% during the period 2002-2007, indicating that the facilities are becoming more and more popular.
Having said all of that, the number of cremations taking place instead of burials is rising, not good for death-care facilities. The average cost of a funeral + burial was $6,560 back in 2009; factoring in inflation, we can assume the average cost now stands at around $7,400. Obviously, the cost of a cremation would be significantly less than a burial as 50% of the funeral + burial cost is for a casket, use of a hearse, and embalming of the body.

 

[wahkao3]

order books and assets count for nothing when cash flow is not properly managed.

so how to "properly manage cashflow" ?? Especially with customers who do not pay. How to manage them?
u tink so easy ah?

 

[peterchan75]

My views are more based on fundamentals. I prefer to stick with companies with good fundamentals. Expected returns will be lower. Good thing is, returns can always be magnified through leverage.

Do you believe in Peak Oil

or Abiotic oil

We drive any less ? NO!
Trucks, buses, planes... they are all moving 24/7.
The bottom line is we still need crude to move things around.
Our furtilizer and medicine are from crude.
Not to mention ... all the plastics, all the electronic gadgets.

Fusion is not anywhere closer.

 

[Mecisteus]

We drive any less ? NO!
Trucks, buses, planes... they are all moving 24/7.
The bottom line is we still need crude to move things around.
Our furtilizer and medicine are from crude.
Not to mention ... all the plastics, all the electronic gadgets.

Fusion is not anywhere closer.

http://www.macrotrends.net/1369/crude-oil-price-history-chart

Check the inflation adjusted price of oil. The price peaked in 1980 and stayed low for the next 20+ years. The price peaked in 2008 again and I don't think it will ever come close to the peak again in the forseeable future. Of course, this is just my view.

On the demand side, check the economic numbers on all the developed countries around the world. US, Europe and Japan all of them are facing slower growths. China had a great run pre-GFC. They are unlikely to repeat the same run again.

On the supply side, there are just too much oil out there. This website is quite credible. I just happened to google them today. They predicted oil could fall to $30 when it was trading at ~$60. And it did.

http://oilprice.com/Energy/Energy-General/Oil-Fundamentals-Could-Cause-Oil-Prices-To-Fall-Fast.html