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Kangadrool

Kangadrool

Supersonic
(edited)

ask their CFO bring suitcase of advance cash to PSA to pay, sure can berth. [laugh]

 

It not just sinking, tiagong sunk liao. Just got word PSA stop Hanjin vessels berthing with immediate effect.

 

Everybody mad scrambling now, i'm waiting to hear back from maritime lawyers on updates.

 

Edited by Kangadrool
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Blueray

Blueray

Hypersonic
(edited)

Company briefs: AusGroup

 

Service provider to the oil, gas and mining sector AusGroup yesterday reported a whopping net loss of A$99.5 million (S$102 million) in the fourth quarter ended June 30, taking its full-year loss to A$192.7 million. The group posted a corresponding net profit of A$266,000 and A$6.2 million respectively last year.

 

To compound matters, AusGroup is in breach of its requirement to maintain a minimum net worth position as well as thresholds to cover interest payments that are required under all its banking facilities with DBS Bank and the trust deed stipulated in its bonds.

 

http://www.straitstimes.com/business/companies-markets/company-briefs-ausgroup-0

Edited by Blueray
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Ktglfc

Ktglfc

Hypersonic

Company briefs: AusGroup

 

Service provider to the oil, gas and mining sector AusGroup yesterday reported a whopping net loss of A$99.5 million (S$102 million) in the fourth quarter ended June 30, taking its full-year loss to A$192.7 million. The group posted a corresponding net profit of A$266,000 and A$6.2 million respectively last year.

 

To compound matters, AusGroup is in breach of its requirement to maintain a minimum net worth position as well as thresholds to cover interest payments that are required under all its banking facilities with DBS Bank and the trust deed stipulated in its bonds.

 

http://www.straitstimes.com/business/companies-markets/company-briefs-ausgroup-0

 

 

One by one ....

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Enye

Enye

Hypersonic

Doggie see what elite is doing here

 

Better quickly bribe doggie to keep mum ð

what am I doing?

 

ownself dunno ownself

 

 

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Enye

Enye

Hypersonic
(edited)

When invite @pinobii n me go your GCB eat roast duck?

ð

why you all like to use me as 挡箭牌 to date pinoy har?

 

can more direct a bit or not? learn from the thick skinned momo

 

 

Edited by Enye
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Sunny

Sunny

Hypersonic

why you all like to use me as 挡箭牌 to date pinoy har?

 

can more direct a bit or not? learn from the thick skinned momo

 

 

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Sunny

Sunny

Hypersonic

Eh...sunny how can go jiak roost goose without me de, this one i can be thick skinned n tag along [:p]

 

Plan a not working....so went with plan b ( don worry I tapao for u)

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Blueray

Blueray

Hypersonic
Company Briefs: Vallianz Holdings

 

Vallianz Holdings

Certain entities of Vallianz Group have recently received letters from the interim judicial managers of Swiber Holdings and its subsidiary, Swiber Offshore Construction (SOC), the company said yesterday.

 

The letters are asking for payments of about US$63.5 million (S$86.5 million), which the interim judicial managers say the entities owe Swiber. The letters also ask for statements of accounts from these entities to Swiber.

 

The Vallianz entities have declined to pay the amounts, the Vallianz Group said yesterday. Vallianz said it explained to the interim judicial managers on Aug 25 that there has been substantial commercial dealings between the Vallianz Group and the Swiber Group.

 

"As a result of these activities, the Vallianz Group would more often than not have receivables due from the Swiber group," it said.

 

The two groups have long had the practice of extending credit to each other with no fixed term of repayment, and eventually netting off any receivables and payables between the two.

 

As such, receivables owed by Swiber to the Vallianz Group "must be taken into account when payments for the amounts are requested by the Swiber Group of the relevant Vallianz entities", Vallianz said.

 

The Vallianz Group had trade receivables and other receivables due from Swiber entities of about US$65.92 million as at June 30, while it had trade payables and other payables owing to Swiber entities of about US$67.34 million.

 

Vallianz is awaiting a response from Swiber's interim judicial managers and will make further updates when appropriate, it said.

 

http://www.straitstimes.com/business/companies-markets/company-briefs-vallianz-holdings

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Blueray

Blueray

Hypersonic
There were signs pointing to Swiber's troubles before collapse: S&P Global

 

.....

"So if we were to rate Swiber - and we weren't - our credit rating would indicate a relatively high chance of default," Ms Okorochenko said.

 

.....

 

http://www.businesstimes.com.sg/companies-markets/there-were-signs-pointing-to-swibers-troubles-before-collapse-sp-global

 

Rating agencies really champion ...  :brzzzzz:

 

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Kusje

Kusje

Supersonic

There were signs pointing to Swiber's troubles before collapse: S&P Global

 

.....

"So if we were to rate Swiber - and we weren't - our credit rating would indicate a relatively high chance of default," Ms Okorochenko said.

 

.....

 

http://www.businesstimes.com.sg/companies-markets/there-were-signs-pointing-to-swibers-troubles-before-collapse-sp-global

 

Rating agencies really champion ...  :brzzzzz:

 

 

Hmmm, so swiber rates lower than their A+ CDS?

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