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louis_leecs
Elite |
28-Aug-2007 22:19
Yells: "half cash" |
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all i know is apollo fund is close end fund,,,,,they going to borrow script to hed fund to short sc,,,,,,becareful trade it,,,,,the cruise now is no captain on board,,,,,,is going to sink to ,,,, |
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stevento
Senior |
28-Aug-2007 20:48
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the price of Star Cruise has dropped. Are they going to distribute the $1billion to the shareholders? |
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hikitty
Master |
27-Aug-2007 09:17
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Thanks Derekhee for the excellent effort. With a few cash rich investors, SC is now very different - shd be profitable every quarterly from now onwards. Shd hit new peak prices very soon. Surely, Apollo must see a lot of growth potential in SC to invest US1 billion! Worth buying at present prices. |
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derekhee
Member |
26-Aug-2007 20:05
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Malaysia: Star Cruises with profitable Norwegian Cruise line's operations [August 24, 2007] (Thai Press Reports Via Thomson Dialog NewsEdge) Section: Regional News - Star Cruises, founded as an associate of the Genting Group of Malaysia, is using funds obtained from the recent sale of a 50percent stake in its North American arm, Norwegian Cruise Line, to United States-based investment firm Apollo Management, for US$1 billion will concentrate on its Asian operations, and in the longer run some time between the year 2008 and the year 2012, plans to bring two ships that are Norwegian Dream and Norwegian Majesty from its NCL fleet to Asia to meet growing passenger demand in the region, said David Chua Ming-huat, president of Star Cruises, which is run by Malaysia's Genting Group on August 19, 2007. Star Cruises is poised to go big in the Greater China region in expectation of a surge in cruise travel, fueled by a robust economy and the immense market potential arising from next year's Beijing Olympics. The President highlighted the "rosy prospects" of the cruise industry in the Greater China region created by imminent direct links of mail, trade and air and shipping services between the mainland and Taiwan, saying he was optimistic there would be an increase in the number of cruise passengers across the strait. As part of its marketing campaign, Star Cruises, which has moved the center of its management from Malaysia and Singapore to Hong Kong in recent years, will put one of its ships into service - sailing from Taiwan to Xiamen in November. David Chua Ming-huat told The Standard the company has signed a cooperation agreement with a business partner, which he declined to name, to develop concepts brought about by next year's Olympics Games. Details of the project have yet to be announced. He also described Star Cruises' expansion in the Greater China region as a strategic move taken in view of Hong Kong's strength as an international financial center. Star Cruises is the third-largest cruise line in the world behind Carnival Corporation and Royal Caribbean, and dominates the Asia-Pacific market. It also owns the Norwegian Cruise Line, NCL America, Orient Lines and Cruise Ferries brands with a total combined fleet of 22 ships and over 35,000 berths. Star Cruises is credited for almost single handedly developing the cruise industry in the Asia-Pacific region. Its services cater to Asian passengers as well to North Americans, Europeans and Australians interested in Asian destinations Star Cruises was founded as an associate of the Genting Group of Malaysia, incorporated in Bermuda on 10 November 1993 with its corporate headquarters in Hong Kong. In the year 200, Star Cruises acquired Norwegian Cruise Line ( including its subsidiaries Orient Lines and Norwegian Capricorn Line) and became the first global cruise line.In 2001, Star Cruises founded a new daughter company Cruise Ferries which began operating one ship, Wasa Queen, on short cruises from Hong Kong to Xiamen With the operations of Norwegian Cruise Line having proven more profitable than those of Star Cruises itself, since 2006 the trend has been that new ships are built for NCL, and the old ships they replace are then transferred to the Star Cruises fleet in Asia. - ScandAsia http://www.tmcnet.com/usubmit/2007/08/24/2885504.htm |
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hikitty
Master |
23-Aug-2007 10:26
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Eastonboy is spot on - full- time SC defender (just in jest) and C.E.O. (Chief Errand Officer). Seems that SC will see better days ahead - fourth investor on the way? Surely, Apollo will not invest US1billion in SC for it to remain as a "punting stock" (Note: Does occupation" matter as an SJ participant?) |
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EastonBay
Master |
22-Aug-2007 22:09
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job: full time StarCruis defender |
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jackjames
Elite |
22-Aug-2007 10:14
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what is your job, hikitty? curious |
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hikitty
Master |
22-Aug-2007 10:12
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With the investment by Apollo Mgt in NCL,it is very likely that SC will not bleed like in the past because of its NCl arm. When that happens, the next quarterly biz shd be profitable. Hopefully, that will mean that SC will turn around very very soon to become a quality stock, worthy of a second look by retail investors and FMs |
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hikitty
Master |
22-Aug-2007 09:57
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U turn for SC soon. Hope the short sellers will be "blessed" by the intelligent BBs and syndicates today, heh. Blessed are they who see "value" in SC after the three big investors have invested heavily in SC. |
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hikitty
Master |
22-Aug-2007 09:38
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Catching up after drop - another big investor along the way? SC so far has at least three big investors, Stanley (HK), Mr Chua (Malaysia) and now Apollo Mgt. |
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zhuge_liang
Supreme |
21-Aug-2007 21:25
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Star Cruises playing "catch up" after suspension. Star Cruises fell as much as 8.7% to US$0.42, extending a 13.2% plunge in the previous session, as dealers said there was continued forced selling in the stock after it resumed trade on Monday from a trading suspension. The company has said private equity group Apollo Management LP agreed to buy a 50% stake in its unit NCL Corp for US$1 billion. "There are remnants of forced selling after so many days of suspension, but otherwise the stake sale is a good thing. NCL has been bleeding Star Cruises," said a local dealer. Moody's Investors Service has put on review the B1 corporate family rating of Star Cruises, citing uncertainties after the deal. "Star Cruises' current financial profile is largely dragged down by its consolidation with NCL. An improvement in the latter's financial and liquidity positions could lower Star Cruises' financial burden and therefore the need to provide ongoing support to NCL," Kaven Tsang, Moody's lead analyst for Star Cruises, said in the note on Monday. |
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ruanlai
Master |
21-Aug-2007 11:47
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This stock had U-turn, pointing back to 30cents........Beware ! BBs & FM is playing down direction......ie short......down |
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jm2212
Senior |
21-Aug-2007 11:46
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this news was already factored in before the price surged, this stock was spared in the last week's crashed bcos of suspension, it may go down to below $0.40. just my personal opinion |
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hikitty
Master |
21-Aug-2007 10:46
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With a new sophisticated investor in NCL, SC should be upgraded, right? Any input from learned SJ participants. New $1,000 million US investment to go down the drain? Logical? Still on track to a new high? |
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maxliukt
Member |
20-Aug-2007 22:58
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hea rd from cna just now that brokerage downgraded this counter. |
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jackjames
Elite |
20-Aug-2007 22:51
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lawcheemeng, starcruise is lucky to "escape" the selldown last week due to the trading halt... all the counters are entering a sharp correction, and this counter only drop 13% is nothing liao lei.. |
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EastonBay
Master |
20-Aug-2007 22:04
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lawcheemeng, market is merely 'catching up' (actually catching down) with this counter... it was spared in the slaughter as it was halted during the time when many counters lost nearly half the mkt cap, ie. px was half, .. so this is to be expected even with the good news... |
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hikitty
Master |
20-Aug-2007 17:39
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With the new US$1,000 million investment, SC shd return to profitability in the next few quarters. Pray its destiny will turn around very soon , so that its shares will not remain speculative for long. Hope the intelligent BBs and syndicates will continue to fend off the short sellers who should realise that SC is now financially stronger because of the new investors. |
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lawcheemeng
Master |
20-Aug-2007 09:54
Yells: "fly me to the mooon" |
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wat happen? tot price would move up , why going down??????? |
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hikitty
Master |
20-Aug-2007 09:18
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The announcement is good for SC. However, released at this point of time, may not push price much north. May hit new peak even in a down market? |
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