Swiber

[Pinobii]

  On 8/10/2016 at 4:56 AM, Ktglfc said:

Like I mentioned earlier, DBS price went down immediately after National Day ...

now at 0.8% lower at 14.92...

Could we see price lower than 14.80?

 

Maybe ....

Looks like it is quite unlikely to hit 13, unless there's another news similar to swiber

[Ktglfc]

  On 8/10/2016 at 6:04 AM, Pinobii said:

Looks like it is quite unlikely to hit 13, unless there's another news similar to swiber

 

 

Every day goes down a bit and a bit ...  

If really hit 13, will nibble a bit :)

[Staff69]

worth to more dbs?

 

got high 5 figures park there. sorry noob here , so don't want just hear from broker . she sure say buy buy

Edited August 10, 2016 by Staff69

[Ttl1976]

  On 8/10/2016 at 6:38 AM, Staff69 said:

worth to more dbs?

 

got high 5 figures park there. sorry noob here , so don't want just hear from broker . she sure say buy buy

another noon here.

once it hit 14, I will start buying.

 

I have low 6 figures parked at DBS.

ha ha ha

[Ktglfc]

  On 8/10/2016 at 7:07 AM, Ttl1976 said:

another noon here.

once it hit 14, I will start buying.

 

I have low 6 figures parked at DBS.

ha ha ha

 

 

Huat ah :))

 

Just buy low enough at your comfort price and sell high enough that you won't consider buying at :))

 

[Ttl1976]

  On 8/10/2016 at 7:36 AM, Ktglfc said:

Huat ah :))

 

Just buy low enough at your comfort price and sell high enough that you won't consider buying at :))

 

I quite suay

been buying on the high....

so can't sell and keep accumulating

 

ha ha ha

[Pinobii]

  On 8/10/2016 at 6:23 AM, Ktglfc said:

Every day goes down a bit and a bit ...

If really hit 13, will nibble a bit :)

Okie hope it reaches that soon

[Blueray]

DBS chief fails to ease analyst discomfort over oil and gas exposure

 

HONG KONG (BLOOMBERG) - DBS Group Holdings' chief executive officer Piyush Gupta's robust defense of his bank's handling of loans to Swiber Holdings has failed to ease some analysts' concerns that more losses could emerge from financing the struggling energy-services industry.

Following a briefing with Mr Gupta on Monday (Aug 8), Goldman Sachs Group and Credit Suisse Group issued reports saying asset quality remains a concern for DBS, with the latter firm downgrading the Singaporean lender's stock to neutral from outperform. The consensus analyst rating on Southeast Asia's largest bank has dropped to the lowest in almost seven years, according to recommendations compiled by Bloomberg.

.....

The CEO said he had personally checked up on Swiber's financial health three months ago. He said the bank had spoken with a would-be investor to ensure an equity injection would be coming before deciding to extend the bridging loans.

"The problem is Swiber imploded in six weeks," Gupta said. "Between the end of May through mid-July, people said you should have known - but none of the indicators were showing."

.....

http://www.straitstimes.com/business/banking/dbs-chief-fails-to-ease-analyst-discomfort-over-oil-and-gas-exposure

[The_Bear]

"The problem is Swiber imploded in six weeks," Gupta said. "Between the end of May through mid-July, people said you should have known - but none of the indicators were showing"

 

How many times I tell you reading The Newpaper is a waste of time?

[Jamesc]

Didn't see Lehman coming,

 

didn't see Swiber coming

 

and they want to give you

 

investment advice?

 

They will use their indicators

 

to help you invest wisely.

 

 

 

[Sunny]

  On 8/10/2016 at 2:44 PM, Bavarian said:

"The problem is Swiber imploded in six weeks," Gupta said. "Between the end of May through mid-July, people said you should have known - but none of the indicators were showing"

 

How many times I tell you reading The Newpaper is a waste of time?

No wonder ppl said CEO is Cheat Every One title

Edited August 10, 2016 by Sunny

[Jamesc]

That Lehman Bros also went down so fast

 

it was impossible to see and no one could

 

have forseen it.

 

"In 2008, Bass successfully predicted and effectively bet against the U.S. subprime mortgage crisis by purchasing credit default swaps on subprime securities which, in turn, increased in value when the real estate bubble burst."

 

https://en.wikipedia.org/wiki/Kyle_Bass

 

[Kusje]

Talk nonsense la. If there were no indications then why bother to double check with the equity investor in the first place?

[Celicar]

  On 8/10/2016 at 2:13 PM, Blueray said:

DBS chief fails to ease analyst discomfort over oil and gas exposure

 

HONG KONG (BLOOMBERG) - DBS Group Holdings' chief executive officer Piyush Gupta's robust defense of his bank's handling of loans to Swiber Holdings has failed to ease some analysts' concerns that more losses could emerge from financing the struggling energy-services industry.

Following a briefing with Mr Gupta on Monday (Aug 8), Goldman Sachs Group and Credit Suisse Group issued reports saying asset quality remains a concern for DBS, with the latter firm downgrading the Singaporean lender's stock to neutral from outperform. The consensus analyst rating on Southeast Asia's largest bank has dropped to the lowest in almost seven years, according to recommendations compiled by Bloomberg.

.....

The CEO said he had personally checked up on Swiber's financial health three months ago. He said the bank had spoken with a would-be investor to ensure an equity injection would be coming before deciding to extend the bridging loans.

"The problem is Swiber imploded in six weeks," Gupta said. "Between the end of May through mid-July, people said you should have known - but none of the indicators were showing."

.....

http://www.straitstimes.com/business/banking/dbs-chief-fails-to-ease-analyst-discomfort-over-oil-and-gas-exposure

 

DBS CEO talk rubbish lah. It just means he was looking at all the wrong places. Defence become show up their incompetence, need would-be investor to come in still not a red flag? I think the bank just wanted to believe that the investor would come in not only to bail out Swiber but also DBS in the process, then they can report a boh-dai-ji quarter.

  On 8/10/2016 at 3:18 PM, Kusje said:

Talk nonsense la. If there were no indications then why bother to double check with the equity investor in the first place?

Agreed.

[Ktglfc]

  On 8/10/2016 at 2:44 PM, Bavarian said:

"The problem is Swiber imploded in six weeks," Gupta said. "Between the end of May through mid-July, people said you should have known - but none of the indicators were showing"

 

How many times I tell you reading The Newpaper is a waste of time?

Lol

Reading papers is just only a source, there are also other sources of news :)

Same goes to reading what the CEO said.... Just don't believe every words one said

 

Anyway, looks like more downside coming ... And after XD, the price will go down further ...

 

Now, let's get ready to slowly open our $ bank, and buy in small quantities when the price goes lower :))

[BanCoe]

Crisis if this one boils over is nothing new to Singapore or the World too;

 

In the 60's there was the Gemini Chit Fund thingy ...... many people loss money

Later on the 80's there was the Pan Electric crisis ........ many people lost money

Then there was the contagion Asean Currency Crisis where even Suharto had to step down and Mahathir cry mother cry father that George Soros wanted to short his currency just 'cos maybe he is a Jew, which is nothing new for Soros as he did the same thing to the Pound (GBP)    

 

Only thing nowadays because of massive liquidity and Banks dishing out Credit like don't know how many times peoples net worth; and greed or lust to make big bucks with new spicy products ....... its just gonna get worser AND will get even more and more complicated and speculative;  

 

Gone are the good old days when you just deposit $1 to the Bank and the Bank lends out $1 to borrower; So simple life was back then and there was the Gold Standard which if I'm not wrong the US shot it down, cowboy-ing the whole Banking structure     

 

 

    

[Blueray]

Pacific Radiance warns of Swiber impact on NTA, EPS

 

On July 29, Pacific Radiance said that it might not be able to recover about US$10.1 million due to the services rendered to Swiber's subsidiaries.

 

http://www.businesstimes.com.sg/companies-markets/pacific-radiance-warns-of-swiber-impact-on-nta-eps

[The_Bear]

  On 8/11/2016 at 1:31 AM, Blueray said:

Pacific Radiance warns of Swiber impact on NTA, EPS

 

On July 29, Pacific Radiance said that it might not be able to recover about US$10.1 million due to the services rendered to Swiber's subsidiaries.

 

http://www.businesstimes.com.sg/companies-markets/pacific-radiance-warns-of-swiber-impact-on-nta-eps

Pacific Radiance...