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Swiber on halt
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hlyhky
Member |
02-Jul-2009 17:39
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Thanks smillingchuan!
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smilingchuan
Member |
02-Jul-2009 16:00
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Personally, i feel that with Oil Prices stabilizing around $50-70 range, with the 2nd quarter ended and oil price averaging $50+ dollars, swiber results for 2nd quarter 2009 will be much better than last year. with sentiments of the economy recovering and most of their customers forward, it is going back to those heydays whereby Swiber is trading at $2.50. The same will go for Keppel Corp. It should trade at at least $10 right now. but of course we are not going to see that prices tomorrow or next week. in the next 6-12 months, we will see the below. Swiber: $2.50 TP Keppel Corp: $12.00 TP |
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hlyhky
Member |
02-Jul-2009 15:46
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Can someone kindly share some lights on the analysis of this counter? Thanks. | ||
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dcang84
Veteran |
30-May-2009 12:40
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What investors should concern themselves with is what is the company going to do with the capital raised? Would it be enuff? Just look at CSM-from one capital raising exercise to another. Was there a recovery in the tech space? Absolutely YES!!! but they kept coming back for more. Be careful and look deeper before putting your hard earned money into companies that could possibly turn out to be the proverbial money pit.
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dcang84
Veteran |
30-May-2009 12:29
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Thanks to eager investors and liquidity flush, it made easy for capital raising. The share price was running ahead of earnings and investors fearing that they might left behind were only too eager to jump the bandwagon. There will be many more companies that will raise capital soon. This is probably the best time to strike with rampant bulls.Do take cover when they come crashing down again. |
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dealer0168
Elite |
30-May-2009 10:49
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But temporarily, i do not see it will be of much help to boost its share value loh. But for long term, still Ok lah. (my thought) |
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Livermore
Master |
30-May-2009 10:42
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You can see there are quite a few companies who have raised cash during this time using various means. The new shares only translate to about 20% of the total shares. But think of it in another way. What companies are doing through by raising cash through share placement might not neccesarily be a bad thing for the future. By raising cash, their net borrowing decreases. Companies are placing themselves in a position for the future recovery | ||
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hahabear
Member |
30-May-2009 09:46
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Sounds like a bad idea to us investors, its not the same as splitting of current market shares though, but the pricing of 88 cents for new placement shares might pull the current market price of swiber down. | ||
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dealer0168
Elite |
29-May-2009 23:10
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Press Release - Swiber Raises S$73.9 Million Through Placement Of 84 Million New Shares Emm the share price i thk maybe diluted.(my thought) |
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solar2008
Senior |
29-May-2009 13:23
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Any ideas? | ||
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