Fundamentally it's not good for shipbuilding industry, until the level where yard only fight for breakeven. There are plenty of ship stock around the market, and sell at discounted rate.
Market cooling for past 3 days, TAS builds Barges and heavy duty vessels for towing, not normal vessels. theirs is a niche market,unlike some that just build life boats/ small boats . to me this is a long term turn around. D/E of 0.28. Free Cash to sales of 6.4. NTA :1.003. Share Holder's fund of 176Million, for Total Shares of 180million. Best of all the Clean Management. Looks like turn around, after buyer breached contract and caused loss last year. Please share your views : Thank You.
Again in the red. Unfortunately, bought it when it was high and by looking at the current & future petroleum pricing, the possibility of price increase seems to be slim.
AGM tomorrow morning at 9:30am. My lawyer will question the directors on the 26 million ringgit investment in mutual funds earning pittance income of about 2.5% return.
The Board of Directors of TAS OFFSHORE BERHAD wishes to announce that it has acquired 100% shares of PANTAS MARINE SDN BHD (Company No. 902261-M) on 25 January 2018. .
PANTAS MARINE SDN BHD is a Company incorporated in Malaysia under the Companies Act, 1965 with issued shares of RM3.00.
The Company is currently dormant.
None of the Directors, major shareholders and/or persons connected to the Directors and major shareholders has any interest direct or indirect in the above acquisition.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Alibabah
56 posts
Posted by Alibabah > 2017-05-05 08:41 | Report Abuse
Fundamentally it's not good for shipbuilding industry, until the level where yard only fight for breakeven. There are plenty of ship stock around the market, and sell at discounted rate.