Latest Forum Topics / Penguin Intl Last:0.89 +0.03 | Post Reply |
Happy Feet: A new offshore marine play ??
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eblim77
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13-Sep-2008 11:17
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There seem to be renewed interest in Penguin. Buyer is buying in 500 lots yesterday evening. Will the interest continue on monday? |
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prestige
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30-Apr-2008 13:45
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anyone attend the AGM ? Any expert to advise on the potential of this counter ? Thank. gd day. |
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tl_pang
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27-Apr-2008 12:30
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Cheap stock with high dividend given... I believe big boys will play rotation on this share......Better buy in early because Asean and US market is steady and has reached the bottom line......Most likely, this "Flying Penguin" will hit $0.20 soon this week.......As chinese cantonese said " soi zhow kok how mold theng tat" so better aboard the boat before there's late..............Singapore market will "cheong " this week.......Good luck for those vested ! Happy trading ! Hope all of you, can make kopi money $$$$$ with this stock. | ||||
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francisd
Veteran |
23-Apr-2008 20:30
Yells: "BUY LOW SELL HIGH" |
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Big vol. today, with big buys. May move the next 2 days. Watch out guys. Vested @ .18c | ||||
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winsontkl
Elite |
17-Apr-2008 18:56
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Wow...16 cents now...happy feet???? | ||||
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swat00780
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17-Apr-2008 16:16
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FY07 results already out. seem to be quite a good year. anyone has comments on this? Victorian? |
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eblim77
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08-Jan-2008 13:53
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It seems that the interest for penguin is back and waiting for a rebound to 0.28. Waiting patiently.... Any updates? |
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Pinnacle
Master |
28-Nov-2007 21:52
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Penguin Cruising Ahead with Business Expansion ? Penguin expands offshore business with delivery of new AHTS, ?Pelican Quest?, and plans to acquire more AHTS ? Year-to-date shipbuilding contracts up more than five -fold to US$69 million, compared to the whole of FY06 ? Group remains committed to shipyard spin-off Singapore, 28 November 2007 ? Penguin Boat International Limited (?Penguin? or the ?Group?), through its wholly owned subsidiaries, has taken delivery of a new anchor handling towing and supply vessel (?AHTS?) and secured additional shipbuilding contracts worth an estimated US$32 million, as the Group continues to expand its offshore and marine businesses. New AHTS ?Pelican Quest? Earlier this month, Pelican Offshore Services Pte. Ltd. (?Pelican?), took delivery of ts second AHTS, ?Pelican Quest?, a 55-metre, 5,000 BHP AHTS with a bollard pull of 65 tons. The vessel will be funded by internal resources and bank borrowings. The ?Pelican Quest? is built to ?Fire Fighting Class 1? specifications for external fire fighting, and is equipped for towing and anchor handling duties, as well as transportation of materials, equipment, fuel, water, bulk cement and liquid mud. This is the second AHTS in Pelican?s fleet, the first being a similar sized AHTS, ?Pelican 28?, which has been on a long-term time charter in Vietnam for the past year, supporting offshore oil and gas production operations. Similarly, the ?Pelican Quest? is slated for a long-term time charter with an oil company in the region. In addition to the two AHTS, Pelican also owns and operates six high-speed aluminium crewboats, all of which are on charter to oil companies and offshore contractors in the region. ?Pelican is an experienced owner-operator of offshore support vessels with in-house expertise and experience to manage all kinds of vessels. This AHTS acquisition is a logical step forwards in the expansion and refleeting of Pelican.? Mr. Heng Kheng Seng, Penguin's Founder and Executive Chairman Pelican is currently in active discussions to acquire more AHTS. The offshore chartering arm of Penguin is re-structuring its fleet from purely crewboats to include AHTS and other offshore support vessels. US$32 million Worth of New Shipbuilding Contracts In recent months, Penguin Shipyard International Pte. Ltd. (?PSI?) has signed contracts to build two offshore crewboats, worth around US$7 million in total, and two offshore Safety Standby Rescue Vessels, worth about US$25 million in total. The latest orders put PSI on a firm footing for its eventual spin-off from the integrated marine and offshore services group. As previously announced, Penguin intends to spin off PSI to realize the shipyard?s value for its shareholders and streamline its offshore and its integrated marine group. The Group?s management is currently evaluating various spin off options for PSI. In the meantime, Penguin?s shipbuilding business remains on course for another record year as the Group?s year-to-date orders swell to US$69 million, compared to US$12 million for the whole of FY06. The pair of 36-metre aluminium crewboats, scheduled for delivery between the second half of 2008 and first half 2009, were ordered by a repeat customer, Abeer Marine Services Ltd., which had earlier placed an order for two crewboats of the same design. Each crewboat will be equipped with 4,050 BHP heavy duty engines, a bow thruster for improved maneuverability and fire fighting features; and carry 50 passengers and 70 tons of rear deck cargo. In addition, the Abu Dhabi National Oil Company (?ADNOC?) has contracted PSI to build two units of 47-metre steel Safety Standby Rescue Vessels (?SSRV?). Each of the two SSRV will be equipped with joystick for position-keeping, Fire Fighting Class 1 (?FiFi 1?) equipment and 4800-BHP engines to achieve speeds of over 16 knots. With a contract price of about US$12.5 million each, the SSRV sets a new record for the Group in offshore shipbuilding, topping the previous benchmark set by the same client for three steel Fast Supply Intervention Vessels (?FSIV?) worth over US$7 million each. Delivery of the first unit is scheduled for the second quarter of 2010. Although the shipbuilding contracts are in US dollars, the currency exposure has been hedged. Penguin does not engage in speculative currency trading. The combined ADNOC orders so far ? worth a total of US$48 million ? represent a strong affirmation of Penguin?s Middle East expansion strategy. On this front, Penguin's Middle East joint venture, Penguin Marine Boat Services LLC, is set to gain more ground in the region after being invited to participate in several government tenders. The Group has already mobilised four vessels to the Middle East to fulfill the rising demand and plans to deploy more vessels there in coming months. "Our ongoing fleet renewal program is proceeding as planned. We have sold a significant number of ferries and we are now looking at re-tonnaging our fleet." Mr. Heng Kheng Seng Re-tonnaging will involve not only the Group's ferries but incorporate a mix of offshore and marine vessels. |
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yiewkhong
Senior |
28-Nov-2007 13:41
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Time to load up and park my money here. |
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eblim77
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23-Oct-2007 16:46
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Yaa...Thanks. It does not have a strong base. Once the 0.275 and 0.28 are cleared, it will be all the way down. That's why they have this CD to sustain the price. |
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invest&earn
Member |
23-Oct-2007 08:43
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trade carefully , its TA does'nt look good now ... | ||||
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eblim77
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22-Oct-2007 23:49
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Cheap stock with high dividend... seems a good bargain to me |
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teeth53
Supreme |
22-Oct-2007 20:24
Yells: "don't learn through life, learn to grow with life " |
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Reminded me of Singtel, (Star hub and M1) which is a regional biggest telecom player fully support supported by big names...This one does'nt sound good, like very penny stocks it was.. Penguin Last:0.28 Vol:12357k -0.02 as STI is also down...Straits Times Index Last:3642.64 -105.34 |
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karengsh
Member |
22-Oct-2007 14:45
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Tks for taking the time to answer my question. They also mention that they want some capital reduction. Why would they want to have capital reduction. I thought more capital is better for a company??? | ||||
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vinyap71
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22-Oct-2007 12:27
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I think they decide not to break up the diff business due to the change of sesdaq board but price should hold around this level due to the high div declared ( close to 10% yield). |
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karengsh
Member |
22-Oct-2007 11:05
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Can someone out there advise me what does demerger means and the message in their latest announcement? Will there be any implications to the share price? Thanks alot! | ||||
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kolslorr
Member |
19-Oct-2007 22:06
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2.5c??? at todays level is almost 8%?... so good?.. sure or not ah... | ||||
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francisd
Veteran |
19-Oct-2007 19:15
Yells: "BUY LOW SELL HIGH" |
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THE GOOD NEWS AND THE NOT SO GOOD NEWS.
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TuaPekGong9413
Elite |
04-Sep-2007 14:49
Yells: "deity" |
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looks like penguin freezed at .29 degree celcius...bbs migrated to other counters....will hv to wait for tomorow to see if its temperature will rise again... | ||||
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ivorycoast
Elite |
04-Sep-2007 08:32
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Hot stocks ..... Penguin, Oculus, Global Aerial, Armarda, Top Global ..... |
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