Swiber

[Jamesc]

Swiber saga DBS says bond sales driven by demand

 

Bank adds that Swiber and oil prices were both going strong when bonds rolled out

 

The Swiber Holdings bonds sold by DBS Bank to clients were rolled out to voracious demand, at a time when the company and oil prices were going strong. So DBS should not be singled out for scrutiny over bondholders' exposure to Swiber's demise, a bank spokesman noted, in response to claims that DBS and its staff may have pushed the Swiber bonds to clients who were little aware of the products' risk profile.

 

 

http://www.straitstimes.com/business/swiber-saga-dbs-says-bond-sales-driven-by-demand

 

Lehman bonds, Swiber bonds.

 

I am trying to think what they have in common to Singapore investors.

 

  

[Voodooman]

then when hit $13, you will say wait for $10..Hit 10, you will say wait for $8

Go back to $10, you will say shit.. wait for it to came back to $8

Then hit $13.. Aiya should have bought. at $10.. nvm so ex now.. can wait..

Hit $15... wah lau crap.. Better buy now, if not boat run away...

Yeah, many of my friends are still waiting for the big one but when the time comes, they never got around to buying anything.

[Ttl1976]

then when hit $13, you will say wait for $10..Hit 10, you will say wait for $8

Go back to $10, you will say shit.. wait for it to came back to $8

Then hit $13.. Aiya should have bought. at $10.. nvm so ex now.. can wait..

Hit $15... wah lau crap.. Better buy now, if not boat run away...

when hithe 13, I jib.

if drop further, I jib more

if drop even further, I jib again..

 

ok la.

gonna long for this, so just buy and forget

Yeah, many of my friends are still waiting for the big one but when the time comes, they never got around to buying anything.

can't say that for others.

I usually set a certain price to enter.

 

if hit, I just buy.

if it drops further, too bad.

 

ha ha ha....

[Ktglfc]

I will buy when it hit $13.50 :)

 

Just a few hundreds shares and then see how low it can go before buying again :)

 

Aiming for long term keep :)

[Voodooman]

when hithe 13, I jib.

if drop further, I jib more

if drop even further, I jib again..

 

ok la.

gonna long for this, so just buy and forget

can't say that for others.

I usually set a certain price to enter.

 

if hit, I just buy.

if it drops further, too bad.

 

ha ha ha....

Good for you, I adopt the same strategy. It is difficult to call a bottom and do a show hand. I always buy on the way down and sell on the way up at predetermined prices.

[Ktglfc]

Good for you, I adopt the same strategy. It is difficult to call a bottom and do a show hand. I always buy on the way down and sell on the way up at predetermined prices.

That's a good strategy :)

But only on good fundamental stocks ....

Would not be able to apply on Swiber or Noble ... hopefully no Bro is affected ...

[Voodooman]

That's a good strategy :)

But only on good fundamental stocks ....

Would not be able to apply on Swiber or Noble ... hopefully no Bro is affected ...

My entry price is always based on yield and that has serves me well. When yield reaches a certain level, I start to buy. When yield (mark to market) hits a low, I start to sell. It is not possible to call a bottom or the high.

 

Never had Swiber and Noble in my portfolio as no or no yield. I have small money in a capital gains portfolio that is more speculative but they are also big caps. Lost some money in small caps many years ago and never going there anymore. Missed quite a lot of opportunities as well but first rule of investing, don't lose money. Lol...

My entry price is always based on yield and that has serves me well. When yield reaches a certain level, I start to buy. When yield (mark to market) hits a low, I start to sell. It is not possible to call a bottom or the high.

 

Never had Swiber and Noble in my portfolio as no or no yield. I have small money in a capital gains portfolio that is more speculative but they are also big cap growth stocks. Lost some money in small caps many years ago and never going there anymore. Missed quite a lot of opportunities as well but first rule of investing, don't lose money. Lol...

[Ktglfc]

My entry price is always based on yield and that has serves me well. When yield reaches a certain level, I start to buy. When yield (mark to market) hits a low, I start to sell. It is not possible to call a bottom or the high.

 

Never had Swiber and Noble in my portfolio as no or no yield. I have small money in a capital gains portfolio that is more speculative but they are also big caps. Lost some money in small caps many years ago and never going there anymore. Missed quite a lot of opportunities as well but first rule of investing, don't lose money. Lol...

That's very important Rule :)

Never lose money ...

 

I also have another rule...

Always have Target Price and Stop Loss price ...

Once targets reach, cut it out ... No need to have sentiment value of the company, cos we are just minority shareholders , and not the boss....

[Voodooman]

That's very important Rule :)

Never lose money ...

 

I also have another rule...

Always have Target Price and Stop Loss price ...

Once targets reach, cut it out ... No need to have sentiment value of the company, cos we are just minority shareholders , and not the boss....

Good rules.

[Blueray]

Deal with Swiber still alive: AMTC CEO

 

LONDON-BASED private equity firm AMTC's deal with beleaguered Swiber Holdings is still "alive", although it is likely to take another form now that the firm is under judicial management, its chief executive Smith O'Connor said.

.....

Help came from DBS Bank, Singapore's largest bank and Swiber's primary lender, which provided a bridging loan and overdraft facility for the ailing offshore firm to redeem two bonds worth a total S$205 million in June and July.

.....

Even so, AMTC's investors, comprising investors from the Middle East and Russia, needed a little more convincing that the deal was a sound investment given the headwinds facing the oil and gas sector. This was all the more so because a Singapore-based consultant hired by the private equity firm had not deemed the investment to be a wise one, Mr O'Connor said.

.....

In a separate announcement on Friday night, Swiber said a brief outline of an Interim Judicial Managers' Report will be submitted to the High Court by Aug 19. Creditors may request a copy from its interim judicial managers' solicitors, Rajah & Tann Singapore LLP.

.....

http://www.businesstimes.com.sg/companies-markets/deal-with-swiber-still-alive-amtc-ceo

 

Seems like a lot hinges on this AMTC, so I had a look at their website. Not much information there and not even information on their Management Team.

 

http://www.amtcltd.co.uk/

 

[Blueray]

The last days of Swiber

.....

Already, there are questions over whether Swiber can turn its fortunes around using judicial management. "How are they going to execute their order books when they have no working capital? Even if Swiber Offshore Construction remains a going concern, will clients be convinced that it can execute its projects on time and on budget?" an industry source asked.

.....

http://www.straitstimes.com/business/companies-markets/the-last-days-of-swiber

[Ktglfc]

The last days of Swiber

.....

Already, there are questions over whether Swiber can turn its fortunes around using judicial management. "How are they going to execute their order books when they have no working capital? Even if Swiber Offshore Construction remains a going concern, will clients be convinced that it can execute its projects on time and on budget?" an industry source asked.

.....

http://www.straitstimes.com/business/companies-markets/the-last-days-of-swiber

Thanks for the article :)

Hopefully no domino effect on the rest ...

[Tedlhw]

Thanks for the article :)

Hopefully no domino effect on the rest ...

 

Erm... sure got one bro..

[The_Bear]

Thanks for the article :)

Hopefully no domino effect on the rest ...

One of the thing for offshore industry is that the equipment and assets needed can hardly be purchased off the shelf. There is a lead time of months and even years for design and fabrication before any equipment can come online. What we are seeing here is the glut of completed equipment built 2-3 years ago which nobody has any use for at the present moment. How are these companies going to pay off the financing they undertook to build these equipment? With 20/20 hindsight, it is easy to call it as greed. But any CEO who did not invest when the going is good is going to face a hard time from his shareholders. With oil prices being sluggish for the forseeable future, the main question will be where is the money going to come from?

[Jamesc]

One of the thing for offshore industry is that the equipment and assets needed can hardly be purchased off the shelf. There is a lead time of months and even years for design and fabrication before any equipment can come online. What we are seeing here is the glut of completed equipment built 2-3 years ago which nobody has any use for at the present moment. How are these companies going to pay off the financing they undertook to build these equipment? With 20/20 hindsight, it is easy to call it as greed. But any CEO who did not invest when the going is good is going to face a hard time from his shareholders. With oil prices being sluggish for the forseeable future, the main question will be where is the money going to come from?

 

No where, they will just go bust.

 

Bring a few banks down with them

 

and start the recession.

[Throttle2]

Thanks for the article :)

Hopefully no domino effect on the rest ...

That would be hoping for falsehood, bro.

 

Confirm chop and stamp got domino effect.

Jusy hope that the effect wont be too devastating.

[The_Bear]

No where, they will just go bust.

 

Bring a few banks down with them

 

and start the recession.

At the moment, it seems inevitable. Offshore equipment do not last too long sitting around without maintenance. Maintenance is not cheap and there are storage and logistic cost. This is before we talk about mis-management issues.

[Enye]

wow spreading fear....

 

tomorrow better liquidate everything before too late