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PanUnited Marine Sudden Shot up! Post Reply Rate topic
sanye_2007 Member	26-Jul-2007 14:31        sanye_2007 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dubai shipyard annouced they obtained 92% of Pan U Marine shares and "will exercise their right" to acquire the rest of the shares. Whatever that mean. PanU Marine trading suspended. Does that mean all have to sell our shares to the Arabs?
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soyabean Member	28-Jun-2007 16:49        soyabean About Contact  Quote this Post!
x 0   x 0  Alert Admin	If they want to delist the company, they will need to acquire another 20% by coming up with a better offer. If they do not, you can expect the price to hover around current prices as this will be the psychological fair value of it. I feel it is worth much more than this btw. Of course, do consider the opportunity cost of locking it up as well, if you have plans for other counters...
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myhope Member	28-Jun-2007 12:41        myhope About Contact  Quote this Post!
x 0   x 0  Alert Admin	With Dubai shipyard already acquired more than 70% of the shares, what will happen to the minor shareholders who still hold on to the share after the offer date? Can anyone advise? Thanks...
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punter2006 Senior	24-Jun-2007 19:30        punter2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I am not accepting the offer, too low price...
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speed000 Member	22-Jun-2007 00:18        speed000 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Since the the offer was not attractive there may be another higher comming, today US$267M contract order confirmed PUM worth more than that... CHeeRssss
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mirage Veteran	21-Jun-2007 17:52        mirage About Contact  Quote this Post!
x 0   x 0  Alert Admin	mirage Senior Posted: 21-Jun-2007 14:11 x 0 x 0 QUOTES: Singapore-based shipbuilder Pan-United Marine Ltd said it has won four contracts worth 267 mln usd to build four anchor handling, towing and supply vessels for repeat customer Swire Pacific Offshore Operations (Pte) Ltd. The firm said the contracts include the supply of major equipment. The vessels are expected to be completed in 2010 and 2011. "Our current outstanding order book now stands at another record high of 954 mln sgd, before taking into account the second quarter 2007 shipbuilding revenue to be recognized at the end of June 2007," executive chairman Henry Ng said.   Oohs, sorry, the above was posted at PanUnited instead of PanU Mar. I got confused with PanUnited and PanU Mar. Sorry, does someone have any solutions for similiar names counters, such as Petro China and ChinaPetro? They are different companies too.
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sanye2006 Member	21-Jun-2007 17:35        sanye2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I am not accepting it too.
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soyabean Member	21-Jun-2007 17:14        soyabean About Contact  Quote this Post!
x 0   x 0  Alert Admin	I'm not accepting the offer.
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ghlau935 Veteran	21-Jun-2007 12:56        ghlau935 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Singapore's Pan-United Marine wins shipbuilding contracts worth 267 mln usd      6/21/2007 12:48:00 PM  SINGAPORE (XFN-ASIA) - Singapore-based shipbuilder Pan-United Marine Ltd said it has won four contracts worth 267 mln usd to build four anchor handling, towing and supply vessels for repeat customer Swire Pacific Offshore Operations (Pte) Ltd. The firm said the contracts include the supply of major equipment. The vessels are expected to be completed in 2010 and 2011. "Our current outstanding order book now stands at another record high of 954 mln sgd, before taking into account the second quarter 2007 shipbuilding revenue to be recognized at the end of June 2007," executive chairman Henry Ng said. (1 usd = 1.53 sgd) yuinmunn.szetoh@xfn.com MMMM
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sanye2006 Member	14-Jun-2007 20:11        sanye2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Received the offer document today. Anyone holding on (or accepting the offer)?
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punter2006 Senior	31-May-2007 02:16        punter2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Do hold on to your Pan U Marine if u still have it, broker house think that the offer is not attractive...maybe DBS Vickers is slowly increasing their holdings to prevent the counter from delisting..just watch & see... Dubai Shipyard, said it had received irrevocable undertakings to accept the offer from the owners of a combined stake of 70.08 pct in Pan United Marine. Dubai Drydocks World said it intended to delist Pan United Marine when the free float fell below 10 pct. DBS Vickers Securities said believed the offer did not fully reflect Pan United Marine's prospects. "We think that the offer is not attractive, given the robust operating environment," DBS Vickers said in a note to clients. "The offer stands at a 13 pct discount to our target price of 2.75 sgd." XFN-ASIA
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soyabean Member	29-May-2007 08:47        soyabean About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agreed. Now that middle east player interested in Pan U Mar as well, may even spurn off further opportunities in the region.
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punter2006 Senior	29-May-2007 01:09        punter2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dubai World is offering a cash offer of $2.38 per share.(I think this is too low a price,...) DUBAI (Zawya Dow Jones)--Dubai World said Monday it acquired a 70% controlling stake in Pan-United Marine Ltd., a shipyard with facilities in Singapore and Batam, Indonesia. Dubai Drydocks World, a unit of government-owned Dubai World, received acceptance of its cash offer from Pan-United's shareholders for the stake, the company said in an e-mailed statement. "Acquiring a controlling stake in Pan-United Marine is integral to our investment strategy for Asia," said Sultan Ahmed Bin Sulayem, Chairman of Dubai World, in the statement. "Maritime services are part of our group's core business profile and it is our aim to position Dubai Drydocks World as a dominant player in the international market," he said. Dubai World, owned by the Persian Gulf emirate of Dubai's rulers, acquired U.K.-based Peninsular and Oriental Steam Navigation Co. for $6.8 billion late 2005, a deal which made it the world's third-largest port operator.
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punter2006 Senior	25-May-2007 09:37        punter2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Trading halt today, pending important annoucement, hope it is good news....cheers
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punter2006 Senior	24-May-2007 00:00        punter2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow, closed at 2.34, fantastic! Base on PE, PanU Marine against Labroy Marine, PanU Marine still cheaper....but this counter is not meant for contra..u must hold on to gain...I think DBSVickers' TP of $2.75 for Pan U Marine should be achieveable when PanU Marine win more projects in the coming months.
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punter2006 Senior	23-May-2007 12:13        punter2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	As expected, it break the 2.23 mark and now trading at 2.28. Probably will test the 2.30 mark today...let us watch and see... cheers
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punter2006 Senior	23-May-2007 00:46        punter2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	It is climbing up slowly, will be back to test the new high of $2.23 very soon...just watch this
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soyabean Member	20-May-2007 16:12        soyabean About Contact  Quote this Post!
x 0   x 0  Alert Admin	PanUmarine have a relatively low pe ratio currently as opposed to sembmarine, keppelcorp, KS energy and Labroy,etc. Given its diversified area of expertise in ship conversion, building/repair and offshore/onshore fabrication it deserves a higher rating on it compared to its peers in the industry. Only thing is they didn't benefit from rigging which is the main cash earnings for the past few years. I have a suspicion though that this is set to change given that they are now moving on to tap another area of earnings in the production chain.
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punter2006 Senior	12-May-2007 09:44        punter2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Watch out for Pan U Marine on coming Monday, it is turning up even on a red Friday and closed at 2.07! This is a reversal after touching a low of 1.98 down from 2.20 due to profit taking. I think it will retest the 2.20 again in due course...Just my opinion....Any comments from the experts??
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punter2006 Senior	05-May-2007 01:34        punter2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SINGAPORE (XFN-ASIA) - DBS Vickers Securities said it has upgraded its target price for Pan-United Marine Ltd to 2.75 sgd per share from 2.20 sgd previously after the shipyard operator won a 98 mln sgd contract to build two acnhor handling and tug supply (AHTS) vessels for Ezra Holdings unit Lewek Shipping Pte Ltd. The two 30,000 brake horsepower AHTS vessels are slated for delivery at end-2009. The contract brings Pan-United Marine's outstanding orderbook to about 574 mln sgd from 476 mln sgd at end-March. "This contract underlines the confidence placed in Pan-United Marine given the size and complexity of this vessel size," DBS said. Pan-United Marine has won some 158 mln sgd worth of contracts in the year to date, and DBS said it expects the company to obtain a further 300 mln sgd worth of deals in the remainer of the year. Last year, the group secured some 361 mln sgd worth of contracts, a record high.
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