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I also have money tied up WRN. Hopefully news there today or Monday. With suspension being lifted on Monday, IMHO GLA.
No tick-ups in SP please. All my money is locked up in WRN and I want to buy back in here at bargain prices before they announce completion of rig 1 / confirmation of new orders. Please AMED stay down until my cash gets released! GLA, really hope this price rockets soon, just not before I am able to buy back in though!
Morning akramms Not too sure why on the tick up. Hopefully a large buy in the background. We have had this before for no reason.
Tick up
Hi the chefy one. You might have been superseded by events. Trades are going through at .68p and .70p now so maybe a tick up is coming again. I think it was 2 weeks ago that the Times said contracts were to be signed 'soon' so we know soon means at least two weeks in Times speak. I have a feeling a tick up is coming, news or no news.
You can sell hefty amounts at 0.61p & buy at 0.647p, just under the mid. It's not often you can sell hefty amounts, I've found, doing dummy sells, over last few weeks. Come on Glen Lau, bring out some news!
Looks like a rollover to me of 2 million shares. Might be a big hitter rolling over until we get news. We know now that soon in Times speak is at least 2 weeks. Will it be a month? A year?
1m.
The article, by the above, is dated 12 June!!! In other words, the last news fro Amedeo was positive.There's plenty going on in the background, one expects; re: the Times mention, and Amed's latest presentations, but the wait for further contracts, is a little frustrating.
I have come across poor news from prime point check ADFVN for link
a long time coming. But what a party it will be.
the Times definition of "soon". We know it is more than a week. Does it mean more than a year? A decade? Watch this space.
Yep this is good news . How much this will effect the rig yard on finance who knows. I notice yangzijiang has an order book of 120 ships/bulk carriers. I suspect the rig yard will soon receive some of these orders in some form or another. Can't be long before we see an announcement of the finalised contract on the sub rigs. Will we see the second order for a jack uprig after the company achieving high standards on the first one
Thanks akramms, interesting up-to-date research; all positive & encouraging.
The ask is moving up again after last weeks froth is being blown away. Looks like .67p is the floor. Roll on a contract being signed. We aptient holders want everything to be ship-shaped and bristol fashion nor like a pair of bristols with good support and our cups overflowing!
SINGAPORE (Nov 10): OSK-DMG has maintained its "buy" call on shipbuilder Yangzijiang with a target price of $1.68, representing an upside of 45%. In a report dated Nov 10, OSK-DMG analyst Lee Yue Jer says Yangzijiang's orderbook stands strong at US$4.6 billion. The company has also been included in the Chinese government's "white list" of shipyards, making it easier to secure financing and orders. As such, the research house believes Yangzijiang is the strongest shipbuilder in China in a recovering industry. http://sgx-price-target.blogspot.co.uk/2014/11/yangzijiang-held-at-with-target-price.html
The LeTourneau 116e Super rig (Explorer 1) will be completed in 1H2Q, thats about 7 months to go and will then be delivered to client by August 2015. Originally the cost to build the rig was US$170m but increased to US$175m due to the client increasing the specification of the rig. YZJ also has the option to build another rig for same client for US$170m+ http://www.yzjship.com/en/company.asp?sid=11
Did you read this from the recent Amadeo interims? "Explorer 1 is expected to be delivered in the second half of next year. In addition, the New Yard is ready to absorb overspill from Yangzijiang Shipbuilding (Holdings) Pte Ltd's yard, Amedeo's joint venture partner."
With the mention of a triple contract nearing completion in the Times, i would like to think the contracts will be signed next week. That would sort out christmas,holidays,birthdays,anniversaries and lifestyle for the next 10 years. Not forgetting early retirememt. Just awaiting the reality which is not far away. Have a great week-end.
Thanks whistler! I was looking at the FT and assets are quite good and exceed liabilities but I couldnt fathom much else. You are right about the property though they are shedding thse non-core investments.
You will get investors panicking. When ship building joined the recession back in 2007/8 Yangzijang invested in other areas waiting for the shipbuilding market to pick up. They invested in land,steel, coal and several other markets.These are the ones they are getting rid of. Due to economies picking up and therefore shipping the profits in their other industries are more negative and not required.They suited their purposes at the time. Offshore and shipping are their main investments now.
Yeah, pity that AMED dont own any of it though. Jiangsu Yangzijiang offshore engineering co is what AMED are interested in.
That's some order book, 114 vessels. WOW!
http://www.straitstimes.com/news/business/companies/story/yangzijiang-cut-investments-non-shipbuilding-businesses-q3-net-profit- They are to concentrate more on shipbuilding now.