Latest Forum Topics / Chemoil Ene USD | Post Reply |
Bunker fuel
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Happyseah
Senior |
27-Feb-2007 11:29
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Be patient with this share... All good counter will need time to move up... |
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EastonBay
Master |
27-Feb-2007 10:29
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Remember that it tried to IPO at US$0.85 BUT aborted its plan. Only to float again at US$0.45. Does that tell something about it's management or the lead manager for the IPO. A Point to ponder. Anyone care to comment on this? |
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jensonlaw
Member |
27-Feb-2007 10:08
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I bought 50 lots at 57c. Someone just bought 500 lots at 57c. |
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Happyseah
Senior |
27-Feb-2007 10:05
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BUY |
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Happyseah
Senior |
26-Feb-2007 21:19
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A good company with very sound business model. I agree with the CEO and think it's a very good price to buy in at this level. PE is very low. Noticed no research report YET on this co. Thus, i would encourage all investor to closely take a look at this stock. Vested. And intend to hold this for the long term.. |
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zhuge_liang
Supreme |
26-Feb-2007 19:55
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It said that its fourth-quarter net profit more than doubled due to improved efficiency and freight savings. The San Francisco-based firm, which describes itself as a "gas station for ships", earned US$13.7 million in the Oct-Dec period, compared with US$6.8 million a year ago. Its full-year 2006 net profit was up 16.8% to US$57.8 million, from US$49.5 million in 2005. We achieved record revenue and earnings, which we believe is a strong testament to Chemoil's ability to extract margins at all key stages of the supply chain, our effective risk management strategies as well as our sound business model," CEO Robert Viswanathan Chandran said in a statement. Chandran said the company had proceeded with several initiatives since its listing, including a joint venture to build an oil storage terminal in Fujairah, in the United Arab Emirates, as well as the purchase of a crude oil carrier to enhance its storage capacity. Shares in Chemoil, which has a stock market value of US$737 million, are up about 23% from their issue price of US$0.45. The company had at first abandoned plans to list on the stock market in October, after the offer failed to generate demand as a correction in oil prices coincided with the closing period of the sale. The firm had initially attempted to float at US$0.85 a share, hoping to raise as much as US$374 million. |
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zhuge_liang
Supreme |
16-Feb-2007 12:43
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It is planning to take over 6 companies - Helios Terminal Corporation, Link Marine, Olympic Shipping, Pebble Beach Shipping Company, Pine Valley Inc and Cypress Point Inc - from Andorra Services Limited, a company incorporated in Hong Kong and wholly owned by Chemoil's executive chairman and CEO Robert Chandran. Chemoil said the acquisitions are 'synergistic' to its business and will have a positive impact on its financial performance in the current financial year. |
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chipchip66
Master |
30-Jan-2007 21:05
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I dont think it will be good for shareholders as what is the purpose of having an IPO? Basically to expand its business, repay borrowings and not to buy back one's shares. If there is exess liquidity,Y don't they return to shareholders then??? |
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cck53sg
Member |
30-Jan-2007 20:59
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sound good if CEO planning to buy more...hope it is moving after the announment |
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zhuge_liang
Supreme |
30-Jan-2007 13:26
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CEO Robert Chandran, said he plans to raise US$200 million and buy more company shares after the firm posts its results in February, according to the Business Times. |
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lausk22
Veteran |
28-Dec-2006 09:50
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This one appears to be getting its oil refuelled today. Good volume. |
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mysingtel
Member |
15-Dec-2006 11:12
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seems like Chemoil looks pretty stiff today .... not moving much ... |
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zhuge_liang
Supreme |
14-Dec-2006 11:22
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Rose on news that Temasek Holdings bought a 4% stake during the IPO. |
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