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And over 20 grand of sells...............
Less than 20 grands worth (roughly) is not exactly 'flooding in', but I admire your optimism.
Whistler51, I mirror your frustration with communication from the company. I too have sent numerous emails to the company and their advisors but have received nothing from the company and the standard "we cannot comment" from the advisors. However, after recently buying back into AMED a couple of days ago i truly believe we will be seeing an uplift from here. GLA
and now we are back to this price i will start buying again. I have sent 26 e-mails with no reply and i think that is ridiculous and so unprofessional. The idea here is great forward thinking. But how we have gone a year without any further orders amazes me.We wete told that orders were at different stages of negotiations.8 months we were told .10 months is where we are at and not one new contract.I still can not find out if the second rig to this client is still going ahead. C'est la vie. Have a great weekend.
Check out their website: its been a long time since they updated: 10 April 2015 Launching of Explorer 1 http://yzjoffshore.com//news/index/7
:)
chance of a rise ahead
gets shipshape soon. I am building a ship from matchsticks in a bottle atm and am in a race to see if I can get it built before an order comes in here.
)
down ward at mo
to entice a buyer
Are you sure you are on the right bb? zzzzzzzzzzzzzz
With a 28% spread that's a good reason for the inactivity. A minus sum game but who wants to take that loss on unless you know something.
wow movement!
Things are about to get very interesting here. Can riders please ensure they keep hands and feet inside the carriage and enjoy the ride.
+2.75% for starters
Glad I'm not missing something obvious. Mind you, I suppose if the ship orders were good news for AMED we'd be seeing more interest/movement in the SP. Regarding the rig orders, I think you are right, 1 confirmed, others possible but never been confirmed. It is possible of course that potential buyers are waiting to see how the first rig order plays out (which seems to be looking very positive so far!) or how the O&G industry 'issues' pan out first. I suppose only time will tell. A bit more company communication to shareholders would help clear up uncertainites. Cheers, Doc.
I believe that you are correct. I have posted similar views but peeps continue to get excited about ship orders. So far as I can tell, we have 1 rig order which is almost complete. There were additional orders that were agreed subject to certain conditions, presumably the conditions were never met as the orders never firmed up.
China Cosco to Order at Least 10 Triple-E Megaships Shipping and port giant China Cosco Holdings Co. is set to order at least 10 container megaships, joining an array of competitors in their quest to dominate the world’s busiest ocean trade routes, people with direct knowledge of the matter said. The so-called Triple-E vessels, which can move 19,000 containers each, will be ordered from a Chinese yard and will cost around $1.4 billion in total. “Cosco is in the final process of choosing among five Chinese yards and we may get the firm order by the end of May,” one of the people said. “The ships will be deployed in the Asia-to-Europe trade loop.” http://www.hellenicshippingnews.com/china-cosco-to-order-at-least-10-triple-e-megaships/
While many other yards are struggling to cope because of oil price drop. Yangzijiang has outperformed. There is some info about the Jackup order in the the information below. The Jackup rig is to be completed in about 2 months. Recently, the rig has been docked out into the water. http://shipoffshore.com.cn/info/detail/49-18490.html# While many yards have cancelled offshore orders, YZJ has advantage point of obtaining orders. Yangzijiang Share Price has recently broke the 1.29 barrier, today reached 1.35. "We expect earnings in FY15F to surprise market expectation positively" "We expect YZJ’s 1Q15 results to beat consensus, with our net profit estimate for FY15F being 25% above consensus. " http://singaporestockmarketnews.blogspot.co.uk/2015/04/yangzijiang-shipbuilding-holdings-price.html
Can someone explain why there are repeatedly posts about Yangzijiang Shipbuilding on here when AMED have no interest in that company? To my knowledge the offshore rig yard is not influenced (at least not directly) by any activities going on with the shipbuilding and AMED only have an interest in the rig side of things and not the ship building outfit. Is this still the case or have I missed something? Cheers, Doc.
http://tinyurl.com/q5zmced Zak Mir also just out with 1p target https://www.youtube.com/watch?v=oAc9fSfKB-A&feature=youtu.be&a Background re that offshore opportunity https://www.youtube.com/watch?v=Bs7En7KHAi4
Yangzijiang Shipbuilding Holdings YAZG.SI YZJSGD SP EQUITY: CAPITAL GOODS Price catalysts abound in 2Q15F Time to accumulate one of the most profitable yards in Asia, backed by strong order backlog Maintain Buy with a TP of SGD1.56, an 18% upside potential We retain our Buy rating for YZJ and TP of SGD1.56, which is based on 1.2x forward P/B on BVPS of CNY6.1 as of end-FY15F. We believe there are several catalysts for YZJ’s share price from 2Q15F. BDI’s slow rebound from mid-February might get a seasonal boost The Baltic Dry Index (BDI) has stayed below the 800-level for more than three months for now, with ship owners running ships at below cash cost breakeven. The rebound from the record and unsustainably low of 509 in mid-February to last Thursday’s 588 should receive new support from the seasonal upswing for iron ore and grains seaborne trade globally in 2Q-3Q15F, and the rise in ship demolition activities YTD in 2015. We expect the possible BDI rebound to be positive for the investor sentiment on YZJ, which is the leading global yard for dry bulk carriers, as the correlation between BDI and YZJ’s forward P/B is 0.8, and P/E is 0.7 (refer to our initiation report, published on 5 Jan 2015). Near-term boost from impending dividend payout on FY14 earnings We expect YZJ to pay its one-tier tax exempt dividend of SGD0.055 per share for FY14 in May, after the shareholders’ annual general meeting on 30 April. This implies a 4.2% dividend yield in the near-term. In the long-term, we expect YZJ to raise its dividend payout to SGD0.06 per share for FY15F as we expect the group to return to net cash position by end-2015F. We expect earnings in FY15F to surprise market expectation positively We expect YZJ’s 1Q15 results to beat consensus, with our net profit estimate for FY15F being 25% above consensus. We believe the market has not fully factored in: 1) the up to CNY356mn of general provisions (made in 4Q14) that can be gradually unwind in 2015F, as YZJ exits its real estate-related held-tomaturity products; 2) better-than-expected shipbuilding margins; and 3) writebacks of contingency provisions made on its maiden jackup rig order. Year-end 31 Dec FY14 FY15F FY16F FY1
given AMED's 19% stake http://tinyurl.com/q5zmced