Just expected the earning per share will go higher following the rise in daily charter rate of OSV. Last quarter is 1.34 cent. How high it will go depend on your predition of EPS.
Wah,already 25 cents.u see.see wht i write before with chart. 19/10/23 9.30am Sealink 18.5 cents If it substain 15-17 cents longer Tp 25 cents above Choose ur own right time 2/10/23 12.50am
Nobody knows whether Sealink has a huge contract on hand. What is certain is it is still undervalued. For example, will you sell at current price or keep tight?
What a nice surprise, they show a good progress in financial stability. Long-term debt has been reduce significantly where 30% reduce until ytd. EPS shows improvement. They believed O&G industry will bullish in 2023 to 2024. Sealink is really diamond in muds. Still Undervalue company with good potential investment.
Q3 result still reflect high utilization rate but did not reflect high daily charter rate. Will Q4 result show any improvement due to higher daily charter rate?
It will depends on the contract they got. More contracts more utilization rate. What is happening this morning maybe a mere case of selling on news or, they want to test support. Everything is possibly now.
Q3 result is not that bad,sealink management is doing a very good job.The net current liabilities of 49mil in Q1 reduced to 30mil in Q3,almost 40% down for 3 quarters.Cash increased to 15mi,current and non current liabilities both down.I guess this company will not go into "going concern" issue which dragged down the stock price below 50% of NAPS.They re-appoint messrs.Grant Thornton as auditors shows that "going concern" is not in the cards.Just my 2 cents
In fact, the company has turn from losses to profit, that’s a good sign in behalf of management. Volume still show buying interest, support at 0.205 is strong. Just matter of time. Many sold due to panic selling or triggered by their CL.
I see a road block at 0.21 today. Obviously, we as retail trader cant compete with the smart money. Mr. Market favors bold and who are patience. Another day, another game.
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Posted by cactus81 > 2023-10-11 12:48 | Report Abuse
Just expected the earning per share will go higher following the rise in daily charter rate of OSV. Last quarter is 1.34 cent. How high it will go depend on your predition of EPS.