tag:blogger.com,1999:blog-7944902213075756335.post3410156661157542281..comments2024-03-28T10:39:01.047+08:00Comments on A Singaporean Stocks Investor (ASSI): Marco Polo Marine: Bracing news from Indonesia.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger60125tag:blogger.com,1999:blog-7944902213075756335.post-77117150789863774982013-08-12T22:12:10.745+08:002013-08-12T22:12:10.745+08:00Hi Capricorn,
From certain angles, yes. :)Hi Capricorn,<br /><br />From certain angles, yes. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-5625216632129667002013-07-29T11:47:38.815+08:002013-07-29T11:47:38.815+08:00Hi Gregg,
Yup. Saw that some time back and blogge...Hi Gregg,<br /><br />Yup. Saw that some time back and blogged about it too. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-7778294021677393162013-07-29T11:39:50.428+08:002013-07-29T11:39:50.428+08:00Found this interesting link,
http://www.marinemone...Found this interesting link,<br />http://www.marinemoneyoffshore.com/node/3684<br /><br />钢铁侠https://www.blogger.com/profile/18317532856762536197noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-85748459611312308572013-07-28T10:36:52.451+08:002013-07-28T10:36:52.451+08:00Hi Gregg,
As I am not a trained accountant but wi...Hi Gregg,<br /><br />As I am not a trained accountant but with my simple minded understanding of a consolidated statement, it should be total.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-9285483130275028172013-07-28T08:02:59.559+08:002013-07-28T08:02:59.559+08:00Hi AK
In term of accounting, how to record BBR pr...Hi AK<br /><br />In term of accounting, how to record BBR profit and Debt in MARCO income statement and balance sheet? By percentage,49%?<br /><br />Gregg钢铁侠https://www.blogger.com/profile/18317532856762536197noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-50459087323813664532013-07-26T23:03:02.899+08:002013-07-26T23:03:02.899+08:00Hi Gregg,
I agree that thin volume shows a disint...Hi Gregg,<br /><br />I agree that thin volume shows a disinterest on the part of Mr. Market. How this disinterest should be interepreted is something else.<br /><br />38.5c is where the 20d MA has flatlined. The 50d MA is descending and this could push down share price but it would also mean that the 20dMA would move above the 50d MA.<br /><br />As a longer term MA is supposed to be stronger, I AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-22565813504021805652013-07-26T22:48:17.349+08:002013-07-26T22:48:17.349+08:00HI AK,
It is thin volume recently, hopefully it i...HI AK,<br /><br />It is thin volume recently, hopefully it is at the bottom price.. lol. <br /><br /><br />低量不一定是底部,但底部一定是低量.. (Quoted from Taiwan Finance Talk show, 57Watchers, Cai Shen Guru).<br /><br />REgards,<br />Gregg钢铁侠https://www.blogger.com/profile/18317532856762536197noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-4872852675427267752013-07-26T22:38:02.130+08:002013-07-26T22:38:02.130+08:00Hi Gregg,
I am still waiting at 37c to increase e...Hi Gregg,<br /><br />I am still waiting at 37c to increase exposure. LOL.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-45003441227770699342013-07-26T22:29:00.017+08:002013-07-26T22:29:00.017+08:00Hi AK/Yee,
My 10lots order @ 0.380 were matched. ...Hi AK/Yee,<br /><br />My 10lots order @ 0.380 were matched. :) <br /><br />We have bumped up this post rank#02 for the week. <br /><br />Cheers,<br />Gregg<br />钢铁侠https://www.blogger.com/profile/18317532856762536197noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-83474377300668390592013-07-26T21:25:36.540+08:002013-07-26T21:25:36.540+08:00Hi Yee,
I agree that Gregg has done all of us a b...Hi Yee,<br /><br />I agree that Gregg has done all of us a big favour here. :)<br /><br />38.5c is still undervalued and although I really don't have any proof, I think the wall is a smokescreen. LOL.<br /><br />Hi Gregg,<br /><br />It shows how much they value retail investors and it is the right attitude. <br /><br />We might not be in the big league but we are still investors. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-55494327235244917562013-07-26T19:56:30.642+08:002013-07-26T19:56:30.642+08:00Hi AK,
I think they are trying to hint me to stop...Hi AK,<br /><br />I think they are trying to hint me to stop asking question, lol<br /><br />"We will be pleased to be in discussion with you after our quarterly results slated for release about 12 August 2013"...<br /><br />Probably let me think what to ask then, send them email again after 12 Aug..<br /><br />Quite appreciate for the IR officer in responding the email, something that钢铁侠https://www.blogger.com/profile/18317532856762536197noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-53748197929769348862013-07-26T19:23:53.282+08:002013-07-26T19:23:53.282+08:00Thanks Gregg for helping us to get more informatio...Thanks Gregg for helping us to get more information on Marco Polo.<br /><br />Today another large block of sell order at $0.385 wonder whether it is real sell order or smoke screen to accumulate stocks from weaker holders....<br /><br />Sitting tight awaiting improvement in result.Forex Guruhttps://www.blogger.com/profile/07038750232911100863noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-86387234374433018982013-07-26T19:20:52.803+08:002013-07-26T19:20:52.803+08:00Hi Gregg,
It makes perfect sense for them to buil...Hi Gregg,<br /><br />It makes perfect sense for them to build AHTS of 8000 BHP since there is a bigger shortage of such vessels in the country. The daily rates they can command are also much higher. :)<br /><br />As for ownership of vessels, best to ask the IR at the company. Frankly, the speed at which they respond to your emails is impressive. Rather forthcoming with details too. Thumbs up!<br AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-40208000205001849452013-07-26T18:38:18.154+08:002013-07-26T18:38:18.154+08:00Hi AK,
Is all the AHTS (MP XXXXX) under BBR?
I t...Hi AK,<br /><br />Is all the AHTS (MP XXXXX) under BBR?<br /><br />I tried check BBR annual report, http://bbr.co.id/download/BBRM_2012_Annual_Report.pdf, in page 97, i only see MP Veloce, MP Premier and MP Prelude, can’t get other vessel. Do you have any ideas?<br /><br />BBR 1H2013 result, seeing increase of profit. http://www.idx.co.id/Portals/0/StaticData/NewsAndAnnouncement/钢铁侠https://www.blogger.com/profile/18317532856762536197noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-39040303439269848792013-07-26T17:46:57.567+08:002013-07-26T17:46:57.567+08:00HI AK:
They are building 8000 BHP, big vesseel.....HI AK: <br /><br />They are building 8000 BHP, big vesseel.. :) <br /><br /><br />Reply from Marco:<br />We are building basically 8000 BHPS AHTSs.<br />As for bunker vessel as per the other email, suffice to say that as per announcement, we are evaluating opportunities but our focus is on OSV expansion.<br /> <br />We have reached our blackout period prior to our results release.<br />We will be钢铁侠https://www.blogger.com/profile/18317532856762536197noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-58830295409258555362013-07-26T13:48:17.231+08:002013-07-26T13:48:17.231+08:00Hi Gregg,
I think they have another AHTS which is...Hi Gregg,<br /><br />I think they have another AHTS which is 8080 BHP, iirc. This was their biggest and it is still very new too.<br /><br />Honestly, the company's track record is considered very good in the industry. The management is more than competent.<br /><br />Of course, their potential and how the management is executing their plans to realise this potential are attractive.<br /><br AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-28445638859661878222013-07-26T13:32:13.673+08:002013-07-26T13:32:13.673+08:00Hi AK,
Thanks for your compliment.
We can just ...Hi AK,<br /><br />Thanks for your compliment. <br /><br />We can just do simple calculation: <br />Current ShipYard Utilization Rate: 80%<br />Its capacity can build 6 vessels at one time and currently fabricating 4 vessels, it is about 67% utilizatoin, probably left only 13% for ship repairing. <br /><br />Hence, we can make the assumption that Q3 (April-June), ship repairing segment might be 钢铁侠https://www.blogger.com/profile/18317532856762536197noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-39004549104902264892013-07-26T13:02:39.744+08:002013-07-26T13:02:39.744+08:00Hi Gregg,
Hey, please keep the comments coming. I...Hi Gregg,<br /><br />Hey, please keep the comments coming. I really appreciate you taking the time and effort to share. I am sure readers appreciate it too. :)<br /><br />As long as we have the facts right and as long as our reasoning is sound, we have done all that we can. Now, we just have to sit back and wait. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-39472284566302144282013-07-26T12:42:50.780+08:002013-07-26T12:42:50.780+08:00Hi AK,
Some good news and our patience will be pa...Hi AK,<br /><br />Some good news and our patience will be paid off soon (hopefully)<br /><br />I might be testing your patience by copy and paste the email one by one here...lol... :) <br /><br />Question:<br />Could you possible disclose how many vessels are in the schedule being built for own company expansion at the current period? And when will be estimated charter timeline if there is new 钢铁侠https://www.blogger.com/profile/18317532856762536197noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-13807092527563175762013-07-25T20:34:08.528+08:002013-07-25T20:34:08.528+08:00Hi Gregg,
Yes, I agree that for anyone who is int...Hi Gregg,<br /><br />Yes, I agree that for anyone who is interested in investing in Marco Polo Marine, buying some now isn't a bad idea. :)<br /><br />Unfortunately, I don't know if there is a place where OSV charter rates are published daily. It is probably a matter of bilateral agreement.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-36538450345985568892013-07-25T20:24:36.369+08:002013-07-25T20:24:36.369+08:00Hi AK
Since the new vessel is still under reflagg...Hi AK<br /><br />Since the new vessel is still under reflagging progress and full contribution only kick in next quarter...also couple with low shipbuild margin, Q2 might be flat or slightly better compare to Q1... And this is the time to accummulate more...<br /><br />Do you know where to check or monitor charter rate?<br /><br />Gregg钢铁侠https://www.blogger.com/profile/18317532856762536197noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-5007902018414941492013-07-25T11:24:44.351+08:002013-07-25T11:24:44.351+08:00Hi Bel,
It is a company that is very much in the ...Hi Bel,<br /><br />It is a company that is very much in the growth stage. So, high CAPEX in the initial years is reasonable. I am more concerned about how it is able to make use of this to generate returns for shareholders.<br /><br />Being in a cyclical industry and still being able to maintain an average ROE of 15% or more is not easy. Marco Polo Marine has done it and I am impressed.<br /><br AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-32858543712797583132013-07-25T11:18:13.950+08:002013-07-25T11:18:13.950+08:00Hi Gregg,
That is really good news. I think it is...Hi Gregg,<br /><br />That is really good news. I think it is invaluable in increasing our confidence as investors in the company.<br /><br />The CEO did mention that chartering OSVs is going to be their main engine of growth. It seems that he was being economical with the details.<br /><br />In another 2 or 3 years, Marco Polo Marine's stock is going to be worth much more and there is greaterAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-57748314897608919782013-07-25T09:43:04.925+08:002013-07-25T09:43:04.925+08:00Hi AK71.
thanks for replying. But It looks like i...Hi AK71.<br /><br />thanks for replying. But It looks like its cash flow issue isn't just happening now, instead it happened since 5 years. I am doubt at this point.<br /><br />For ROE, I normally refer ROE > 15% consider good. <br /><br />for MarcoPolo, this is the figure I found for the past 5 years.<br />2012 15.08%<br />2011 14.01%<br />2010 20.78%<br />2009 13.82%<br />2008 19.86%<br Anonymoushttps://www.blogger.com/profile/11127091634220317368noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-8864552812849154142013-07-25T08:41:08.701+08:002013-07-25T08:41:08.701+08:00Hi AK,
Chartered margin is much better than shipb...Hi AK,<br /><br />Chartered margin is much better than shipbuilding and repair. <br /><br />Gregg<br /><br /><br />Question to Marco:<br />For the Shipbuilding/Repair segment, how long will the current total order book last? and what is the utilisation rate for the shipyard, >90% usage?<br /><br />Reply:<br /><br />Thanks for your email.<br /> <br />The important point is that we do not build 钢铁侠https://www.blogger.com/profile/18317532856762536197noreply@blogger.com