Swiber

[The_Bear]

$100M here $100M there $100M everywhere ... then become $1B?

Dun bluff me. That's $300M only.

[Wt_know]

yes yes .... i'm sure the bank has sufficient provision more than my hdb provision shop ... lol

 

Dun bluff me. That's $300M only.

 

[Ktglfc]

$100M here $100M there $100M everywhere ... then become $1B?

 

No lah... become $1MDB 

[Sdf4786k]

so after Swiber, what next for Kris or kosco ?

 

 

[tenyawph]

Is there hope for Swiber to be nursed back to health during judicial management, and starts trading in the stock market again?  

 

The first hurdle is all decisions on the future of the company are to be made at the Supreme Court by no later than October 3.  We will know in a slightly more than a month's time.  

 

http://splash247.com/swibers-future-to-be-decided-by-early-october/

 

In the meantime, those highly geared companies with weak cash flows are vulnerable as well.  

 

This makes stock investment a hard job, which requires one to look very closely at a company's latest financial report, and the outlook for the market segment in which the company is in, before buying the shares of this company.

 

Everyone is searching for the elusive yield now.  Fixed deposits, bonds, equities, gold, currency, property investment, etc.  Headache, I will say! 

 

 

[Ktglfc]

Is there hope for Swiber to be nursed back to health during judicial management, and starts trading in the stock market again?  

 

The first hurdle is all decisions on the future of the company are to be made at the Supreme Court by no later than October 3.  We will know in a slightly more than a month's time.  

 

http://splash247.com/swibers-future-to-be-decided-by-early-october/

 

In the meantime, those highly geared companies with weak cash flows are vulnerable as well.  

 

This makes stock investment a hard job, which requires one to look very closely at a company's latest financial report, and the outlook for the market segment in which the company is in, before buying the shares of this company.

 

Everyone is searching for the elusive yield now.  Fixed deposits, bonds, equities, gold, currency, property investment, etc.  Headache, I will say! 

 

 

Before Swiber case can be clearer, there may be other companies suffering the same fate ... then it will really be domino effect liao ...

Oil prices are still low ... and it won't take days to resolve the debts and bonds maturity by these companies ....

 

Only time will tell how fast these companies can pull out of the water ... else they will be drowned ... by the massive debts ...

[Sdf4786k]

Before Swiber case can be clearer, there may be other companies suffering the same fate ... then it will really be domino effect liao ...

Oil prices are still low ... and it won't take days to resolve the debts and bonds maturity by these companies ....

 

Only time will tell how fast these companies can pull out of the water ... else they will be drowned ... by the massive debts ...

Oil going up. Yallen starting to yelled. So all is not lost yet

[Ktglfc]

Oil going up. Yallen starting to yelled. So all is not lost yet

 

 

Once interest rate goes up... may not be good news for all ... esp those on loans ...

And economy still not good leh ...

[Little_prince]

Oil going up. Yallen starting to yelled. So all is not lost yet

Interest rate go up those highly geared o&g coys die cock stand.

[Ktglfc]

Interest rate go up those highly geared o&g coys die cock stand.

Yup ... On the surface, banks may look good but if these O&G companies can't service their loans and default, banks also die too ...

 

In the end, all will die in uncertain economies ...

 

The storm is brewing .... we will have to brave this one coming ....

[tenyawph]

Claims on Swiber balloon to US$197m

http://www.businesstimes.com.sg/companies-markets/claims-on-swiber-balloon-to-us197m

29 Aug 2016

 

Looks like Swiber is sinking deeper and deeper.  

[Jamesc]

I guess asset ain't worth so much in 

 

a distress situation and its takes time

 

for every Tom Dick and Mary to quickly

 

put in their claims.

 

Edited August 29, 2016 by Jamesc

[Celicar]

I guess asset ain't worth so much in 

 

a distress situation and its takes time

 

for every Tom Dick and Mary to quickly

 

put in their claims.

 

Not every asset a good asset.

[Blueray]

Cash up or ship out: It's the big O&M squeeze post-Swiber

 

.....

 

These O&M players face four key challenges: high debt-to-equity gearing of over 100 per cent; low or negative cash flows; short-term debt of above S$100 million; and/or medium-term-note redemption deadlines running through 2019.

 

.....

 

- See more at: http://business.asiaone.com/news/cash-or-ship-out-its-the-big-om-squeeze-post-swiber#sthash.eH7n3v7v.dpuf

[Ktglfc]

Claims on Swiber balloon to US$197m

http://www.businesstimes.com.sg/companies-markets/claims-on-swiber-balloon-to-us197m

29 Aug 2016

 

Looks like Swiber is sinking deeper and deeper.  

 

 

 

Wow, the ball getting bigger and bigger .... and soon it will explode and everything and every one will ganna ....

[Jamesc]

This down turn in O&G is the perfect opportunity

 

for capital to be diverted from polluting energy

 

to move to clean renewable energy. This is capitalism

 

at its best. Diverting capital from non profitable to

 

profitable industries. Take advantage of change.

 

[Jamesc]

The other benefit of clean renewable energy is that

 

it is labour intensive and that means a lot of new jobs. 

 

[Kangadrool]

NK already sent people to Sun to harvest sunlight liao during night time of course. A step ahead of USA, Russia and China.

 

After that news broke, oil prices slumped!

Edited August 30, 2016 by Kangadrool