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Swiber - looks interesting in 2011
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cheng987
Senior |
09-Dec-2011 15:47
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SWIBER’S 3Q2011 NET PROFIT ALMOST DOUBLES TO US$15.9 MILLION - Revenue rises 12.5% to US$137.7 million in 3Q2011 - 9M2011 revenue and net profit surpass FY2010 performance - Record order book of approximately US$1.0 billion Financial Highlights
Gross profit (US$’m) 22.8 26.5 (14.0) 73.9 68.0 8.6 Gross profit margin (%) 16.6 21.7 (5.1) pt 15.8 21.7 (5.9) pt Profit before tax(US$’m) 19.1 8.7 120.6 49.7 33.1 50.3 Net profit (US$’m) 15.9 8.0 98.4 40.3 30.4 32.9 Net profit margin (%) 11.5 6.5 5.0 pt 8.6 9.7 (1.1) pt Revenue (US$’m) 137.7 122.4 12.5 468.9 313.8 49.5Singapore – November 14, 2011 subsidiaries, “the Group”) to the offshore oil and gas industry today reported a 98.4% increase in net profit to US$15.9 million for the three months ended September 30, 2011 (“3Q2011”), in tandem with a 12.5% increase in revenue to US$137.7 million over the same period. The revenue increase was driven by progressive revenue recognition from various contracts that are concentrated in South Asia
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timewatch
Senior |
09-Dec-2011 10:16
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how was its third Q ????? | ||||
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silvermansac
Member |
01-Dec-2011 16:16
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2011 good joke swiber tomorrow move to 60 cent .
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cheng987
Senior |
01-Dec-2011 14:03
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SWIBER: At least today can moved a little big  to 55 cents and may be to 60 cents tomorrow
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FearValueGreed
Master |
29-Dec-2010 00:58
Yells: "Long Term Timing X Capital = Well Deserved Payout" |
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$8, maybe next decade. THe new bulls always bring in new babies not the old babe
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FearValueGreed
Master |
29-Dec-2010 00:53
Yells: "Long Term Timing X Capital = Well Deserved Payout" |
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It is really coming , this time the weekly and monthly chart is blowing its way up to heaven. Just dun miss it. The decision is to sell at $1.20 or $1.40 |
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sureesh40
Senior |
28-Dec-2010 15:49
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Which is a better stock to invest in, Swiber or Ezra, both are in the same business. Swiber does not give dividend | ||||
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des_khor
Supreme |
28-Dec-2010 00:27
Yells: "Tell me who is the God or MFT from this forum??" |
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Hopefully is true..... however, most case I don't think so....
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ah_seng1001
Senior |
28-Dec-2010 00:16
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I think we will see it break this peak of $8.. Each crisis brings about lower lows and higher highs !
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des_khor
Supreme |
27-Dec-2010 23:42
Yells: "Tell me who is the God or MFT from this forum??" |
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Cosco peak was over $8. | ||||
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ah_seng1001
Senior |
27-Dec-2010 21:50
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Dont forget its peak was abt $3.40 plus last few yrs back i think.. Swiber can cruise against the strong tidal waves! | ||||
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FearValueGreed
Master |
27-Dec-2010 14:39
Yells: "Long Term Timing X Capital = Well Deserved Payout" |
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1.40 target by 1Q11 | ||||
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ah_seng1001
Senior |
26-Dec-2010 19:40
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This is a laggard stock.. tricky to trade on charts but fundamental wise is very sound.. i do believe 2011 should see some catching up in price. | ||||
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rabbitfoot
Veteran |
26-Dec-2010 12:31
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Can't understand why with contracts win announcemeny, share price still cannot go up ? Problem is, this company borrows to much.
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Hulumas
Supreme |
26-Dec-2010 11:41
Yells: "INVEST but not TRADE please!" |
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Good stock with only moderate share price level advantage!
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crclk15
Member |
26-Dec-2010 08:38
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Swiber looks interesting in 2011 due to 1. Supporting macro factors such as rising demand for oil in 2011 projected by IEA and ramp-up in the number of shallow water fixed platform installations in 2011 (according to Infield Systems' latest data); 2. Strong order books of US$800m as of Nov; 3. Likely to announce some contracts in the next 6 months; 4. Valuations are compelling against its earnings potential in the next 2 years. Why the lacklustre share price performance? 1. 1Q-3QFY10 results have been uninspiring despite record order books. It is noteworthy that Swiber's 3 major contracts secured from ONGC in early 2010 would contribute meaningfully in 4QFY10 onwards. 2. Despite mgmt being upbeat on the prospects of new contracts, there were no contracts announced since 20 May 10. Nevertheless, I believe it is a matter of timing only. Likely to announce some contracts in the next 1-3 months. Noteworthy points 1. US$100m Convertible bond issued on 16 Oct 09 may put some near term pressure on share price. This writeup (with more details / elaboration than listed above), together with other writeups on specific companies and pertinent information on STI stocks and SIN listed reits can be found on my remisier blog ernestlim15.blogspot.com. Do email me if you will like to know the value added services which i provide to clients. |
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