Latest Forum Topics / Penguin Intl Last:0.86 -- | Post Reply |
Takeover target?
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shijiez
Member |
21-May-2007 13:52
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yeah..the volume this morning is definately quite interesting...think i'm gonna make sommore cash available to buy some fish to feed this penguin. Looks good! awaitin your research Mr Vic.! |
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yammay74
Member |
21-May-2007 12:58
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Hi Victorian, Please keep me posted. Am vested. Thank you. |
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shijiez
Member |
15-May-2007 16:41
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Hi guys...am new here so i just thot i'll say hi to everyone. .jus a small time punter but have been keeping track of wat you gurus are tokkin about recently. I juz bought in penguin too..lol.. sold my SeeHS for profit taking and lets hope this baby will rise. =) seeya guys ard ..and good luck for all ur investments! lol |
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yammay74
Member |
10-May-2007 23:13
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hi victorian, How do you know that cashflow for this is positve? and is at $6m? Please enlighten me. Thank you. |
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agesis
Member |
10-May-2007 17:46
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Good to see Hulumas joining the bandwagon... |
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Hulumas
Supreme |
10-May-2007 17:00
Yells: "INVEST but not TRADE please!" |
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Dear Readers, Yes, it comes to the time to buy Penguin today 138 lots at Sgd. 0.20, will continue to buy tomorrow!!! |
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yammay74
Member |
18-Apr-2007 22:25
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Just announced: The Board of Directors of Penguin Boat International Ltd (the "Company") is pleased to announce that D.B. Zwirn Mauritius Trading Limited, in accordance with the terms of the Subscription Agreement, has on 17 April 2007 exercised its right to convert the principal amount of S$2,000,000 in respect of the Tranches No. 14 and 15 of redeemable zero coupon convertible bonds with an aggregate value of S$2,000,000, issued by the Company on 13 April 2007 and 17 April 2007 respectively. The aggregate number of shares allotted to D.B. Zwirn Mauritius Trading Limited is 12,345,678 new shares at the Conversion Price, based on a floating rate, of S$0.162 for each new share for the aggregate value of S$2,000,000. The Conversion Price of S$0.162 is based on 90% of the average of the five consecutive closing prices per share of the Company for the period from 19 March 2007 to 23 March 2007. The 12,345,678 new shares will be listed and quoted on the Singapore Stock Exchange Securities Trading Limited. None of the directors or the substantial shareholders of the Company has any direct or indirect interest in the above transaction nor any connection with the Subscriber, its directors or substantial shareholders. The Company confirms that Rule 825 of the Listing Manual is complied with arising from the issue of the 12,345,678 new shares. Implication: The 12,345,678 shares is 3.6% of the total share issued. As they have already converted up to 21% of the total share issued, the latest conversion would increase their stake in this company to 24.6%. Not sure if my analysis is correct but correct me if i am wrong. BTW Keppel has a 12% stake in Penguin. |
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sim_ke
Member |
17-Apr-2007 20:37
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taking a rest after the 1st breakout squeeze? |
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zhuge_liang
Supreme |
17-Apr-2007 13:56
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Rising on takeover play. |
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agesis
Member |
17-Apr-2007 08:36
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Accumulation in the past week, watch the volume and u will understand what Ray meant. -Vested |
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yammay74
Member |
17-Apr-2007 00:32
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Hi Ray Phua, What makes you say that there is more upside? Pls enlighten. Thank you. |
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dineshkumar76
Member |
16-Apr-2007 23:52
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Suddenly there is a big jump. Why is it so ? |
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rayphua
Member |
16-Apr-2007 20:19
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Squeeze broke today. More upside. Good luck. |
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luckyfa
Senior |
05-Apr-2007 15:07
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Good prospect lying ahead and the possible acqusition to expand the base is very high due to it's contracts rolling in. Will be in limelight soon....target 30cts 1st and more when analyst kick-in... |
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singaporegal
Supreme |
17-Mar-2007 13:49
Yells: "Female TA nut" |
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Not surprising... low volumes on a counter = inactive stock. |
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dineshkumar76
Member |
17-Mar-2007 13:36
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Hi All, This forum has not been active, just like the stock too!! Haha. Heard this is a long tern counter. Read somewhere Temesak has some share in this counter. But not sure true. Anyone got any idea ? |
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zhuge_liang
Supreme |
14-Dec-2006 21:15
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Public ferry firm, Penguin Boat International, has signed a contract with Tian San Shipping to jointly provide high-speed passenger ferry transport services supporting major infrastructure projects in and around Singapore waters, worth an estimated $10 million. |
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singaporegal
Supreme |
15-Nov-2006 14:42
Yells: "Female TA nut" |
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This one has lousy volumes.... I think its also on a downtrend. |
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maxsyn
Veteran |
14-Nov-2006 22:31
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From Netresearch: Revenue forecast for FY06 and FY07 is S$66 mil and S$70mil, respectively. EPS forecast is about 0.6 cts and 0.7 cts, or 35x earnings, though we have been conservative. Using average P/Bk of the listed peers and Penguin?s NAV of 24 cts as at 30 Jun 06, we derive our fair value of 24 cts. This has been discounted given the company?s untested post-restructuring business model. With a 17% upside against the current market price, we place a Buy recommendation on the stock. |
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Nostradamus
Supreme |
01-Nov-2006 21:02
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Penguin will hold a 76% equity interest in Marlin Industrial Services Pte. Ltd.'s enlarged share capital while the remaining 24% will be held by its founders. Marlin is a start-up company founded in February 2006 by veterans in petroleum and industrial services. The company currently provides industrial scaffolding solutions to clients in the Power, Petrochemical, Pharmaceutical and Petroleum industries, as well as major civil works projects. The investment allows Penguin to leverage on its shipbuilding and ship repair skills base to expand into petroleum and industrial services with experienced partners. These activities include scaffolding, painting and blasting, repair and maintenance of offshore equipment, as well as oil and gas fabrication ? all of which can be carried out in Penguin's existing shipyards. |
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