Swiber

[Kusje]

No leh, never apply coz know won't get in de

 

Both Keppel and Sembcorp have diversified businesses, won't fold up overnight

 

Those smaller ones hard to say

 

Why would he be concerned about the group stability instead of just that specific division (or just his job security really)? Not unless he is applying for ceo position 

[Jujitsuka]

No leh, never apply coz know won't get in de

 

Both Keppel and Sembcorp have diversified businesses, won't fold up overnight

 

Those smaller ones hard to say

 

Yup but its going to be a longgggggggggggggggggggggggggggggggggg winter for whoever is staying... too much excess capacity now and with many layoffs of rigs n ships... its gonna be a long wait before the oil majors start to invest in CAPEX again.

[Pinobii]

Why would he be concerned about the group stability instead of just that specific division (or just his job security really)? Not unless he is applying for ceo position

Your point is valid but the bigger companies with a strong backing is still better than smaller ones with an uncertain future

 

If he can't move out of the industry but want to move a more stable company within the same industry, that few are probably the top ones with more stability

 

Their risk management will probably have been much more robust by now

[Pinobii]

Yup but its going to be a longgggggggggggggggggggggggggggggggggg winter for whoever is staying... too much excess capacity now and with many layoffs of rigs n ships... its gonna be a long wait before the oil majors start to invest in CAPEX again.

That's true, but in its heydays which lasted for decades, everyone look at their bonus also lao nua

 

Alternatively can explore transfer to other businesss within the group

[Jujitsuka]

That's true, but in its heydays which lasted for decades, everyone look at their bonus also lao nua

 

Alternatively can explore transfer to other businesss within the group

 

Cut cost lah bro... only the HIPOs will be allowed to transfer... the rest of the farmers will either go the route of natural attrition or retrenchment route... now already 2 yrs wage freeze liao so many ppl run road liao. Those who haven't run road is waiting for golden handshake... KOM CEO also recently early "retirement"...

 

Sete owes Sembcorp Marine for 12 new built rigs and they have gone bankrupt, Petrobras owes KOM money due to their corruption case... All is in the billions of dollars range. KOM used to be the darling of Keppel Corp, they used to contribute 40% of the earnings of the entire group, now they are the black sheep of the group... no matter how diversified when the most money making division within your group of companies lose monies it will affect you alot...

 

Sembcorp is less diversified and they recently only completed moving into their mega yard in Tuas which cost them hundreds of millions in SGD, so its a double whammy...

[Blacksnow]

Shipyards considered o&g meh?

 

I don't know you, you don't know me and don't PM me asking more info

 

actually we both might have worked together as I spent 7 years in the Italian company before everyone suffered the same fate last year

[Blueray]

Ezra updates bond holders as firm seeks rescue solutions

 

 

Ezra Holdings bond holders are still unsure if their investments can be recovered despite the firm concluding an informal meeting with investors yesterday.

 

The debt-laden offshore services group met with bond holders for the first time since it filed for Chapter 11 bankruptcy protection in the United States last month.

 

The firm has $150 million of 4.875 per cent notes due in April next year, and faces debt of up to US$2 billion (S$2.8 billion).

 

.....

 

http://www.straitstimes.com/business/companies-markets/ezra-updates-bond-holders-as-firm-seeks-rescue-solutions

 

[Blueray]

Swiber not able to pay coupon, redeem principal of medium-term notes

 

 

SWIBER Holdings is unable to redeem the principal or pay the coupon for some S$160 million of outstanding medium-term notes, its judicial managers said after the market closed on Wednesday.

 

The principal sum of the notes matured on April 18, 2017. These notes are issued under Swiber's S$1 billion multi-currency debt issuance programme.

 

They are pegged to a fixed interest or coupon rate of 7.125 per cent.

 

http://www.businesstimes.com.sg/companies-markets/swiber-not-able-to-pay-coupon-redeem-principal-of-medium-term-notes

[tenyawph]

Yuuzoo, a company whose revenue recognition policy is under question and had to re-state its previous profit figures, is not able to complete its financial audit for FY2016 results in time for an AGM to be held by the end of this month.  Thus, as a result, it sought and obtained an extension to the deadline to have its AGM later than 30 Apr 2017.

 

It looks like short-sellers are going to have a field day tomorrow onwards on the share price of Yuuzoo. Already, this stock has been a constant target for short-sellers and I can expect it to decline significantly from the current 9.1c to as low as who knows, in the coming weeks. 

 

How long can this stock suffer (and all its faithful shareholders), before it recovers, if it recovers? 

 

Or will we have an up-side surprise when its audit accounts are finally released? 

 

This is gong to be an interesting trading play for those brave-hearted who dare to defy the order of the market.  Highly speculative but with a potentially high reward (if its audit accounts turn out to be favourable).  If I have to choose between betting on Yuuzoo or betting on Ezra, it is a no-brainer.   

 

Warning: Not suitable for the faint hearted!

 

[Blueray]

Swiber seeks revival from US$200m equity deal with Seaspan

 

 

https://www.businesstimes.com.sg/companies-markets/swiber-seeks-revival-from-us200m-equity-deal-with-seaspan