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CH Offshore
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CH Offshore
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lynn89
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19-Apr-2012 17:15
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Strong Gap up in price today, this counter is worth waiting for. Will go higher tomorrow !!! Buy & Hold works !!! |
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alooloo
Veteran |
10-Apr-2012 15:50
Yells: "I am not young enough to know everything. " |
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hmmm... anyone looking at this counter/? |
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chtan5751
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23-Aug-2011 16:07
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Final tax exempt dividend of 2 SGD cents per ordinary share for the financial year ended June 30,2011 : Divd $20 per 1,000 share , so good ??? |
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bsiong
Supreme |
18-Feb-2011 08:52
Yells: "The Greatest Wealth is Health" |
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CH Offshore Ltd announce that the Company has entered into a bareboat charter agreement with a third party pursuant to which the Buyer will charter from the Company, the “Pearl”, a 2008-built 12,240 brake horsepower anchor-handling tug supply vessel which is registered in the ownership of the Company under the laws and flag of Singapore at a charter hire of US$10,750 per day for a period of one year, with an option for the Buyer to extend the charter for an additional six-year period at the charter hire of US$10,750 per day, as well as an option for the Buyer to purchase the Vessel at the purchase price of US$16 million at the expiration of the Extension Charter Period
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chtan5751
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18-Nov-2010 17:29
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down $0.015 . what happen ?.. |
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willie18
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16-Sep-2010 10:13
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Undervalued but going up. CH Offshore: Deeply undervalued cashTuesday, September 22, 2009AHTS fleet with deepwater focus. CH Offshore (CHO) owns and operates eight small AHTS (<8,000>12,000 bhp) as of end FY09 (FYE June). CHO will increase its fleet of large AHTS to seven by end FY10.Strong free cash flows amidst steady earnings growth. We project CHO’s free cash flow per share to rise to 8.5 US cents in FY11 (or equivalent to c. 22% of current share price), vs. 2.5 US cents in FY09 and an estimated 1.1 US cents in FY10. This is due to: 1) Non-existence of committed capex after FY10, and 2) our forecast of 7% net profit CAGR in the FY10-11 forecast periods. 6.5% current FY10 dividend yield. We expect CHO to have 40% dividend payout, vs. recurring net profits, in the FY10-11 forecast periods. The 22% dividend payout in FY09 amidst uncertain economic condition is an anomaly. Sustained undervaluation could trigger M&A interest. CHO now trades at 6x recurring FY10 PE (FYE June), vs. 9x average PE for the small-mid cap offshore service providers in our coverage. CHO is also not seen as a core holding for Chuan Hup, its second largest shareholder. Hence, in our opinion, an undervalued CHO may be an attractive M&A target for global AHTS owners, including John Fredriksen’s Deep Sea Supply (which has close to 5% stake in CHO). Initiate coverage with BUY. Our fair value for CHO is S$0.89, based on 9x blended recurring FY10/11 PE (FYE June). This gives around 58% potential upside from current price. We initiate coverage on CHO with a BU |
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willie18
Member |
16-Sep-2010 10:10
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Undervalued but going up. CH Offshore: Deeply undervalued cashTuesday, September 22, 2009AHTS fleet with deepwater focus. CH Offshore (CHO) owns and operates eight small AHTS (<8,000>12,000 bhp) as of end FY09 (FYE June). CHO will increase its fleet of large AHTS to seven by end FY10.Strong free cash flows amidst steady earnings growth. We project CHO’s free cash flow per share to rise to 8.5 US cents in FY11 (or equivalent to c. 22% of current share price), vs. 2.5 US cents in FY09 and an estimated 1.1 US cents in FY10. This is due to: 1) Non-existence of committed capex after FY10, and 2) our forecast of 7% net profit CAGR in the FY10-11 forecast periods. 6.5% current FY10 dividend yield. We expect CHO to have 40% dividend payout, vs. recurring net profits, in the FY10-11 forecast periods. The 22% dividend payout in FY09 amidst uncertain economic condition is an anomaly. Sustained undervaluation could trigger M&A interest. CHO now trades at 6x recurring FY10 PE (FYE June), vs. 9x average PE for the small-mid cap offshore service providers in our coverage. CHO is also not seen as a core holding for Chuan Hup, its second largest shareholder. Hence, in our opinion, an undervalued CHO may be an attractive M&A target for global AHTS owners, including John Fredriksen’s Deep Sea Supply (which has close to 5% stake in CHO). Initiate coverage with BUY. Our fair value for CHO is S$0.89, based on 9x blended recurring FY10/11 PE (FYE June). This gives around 58% potential upside from current price. We initiate coverage on CHO with a BU |
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chtan5751
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24-May-2010 17:15
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down $0.045 . what happen ?.. |
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