THE past few years were nothing if not trying for Hubline Bhd, but the Sarawak-based shipping firm is eyeing a turnaround now that most of its bad assets have been written off.
Executive chairman and CEO Dennis Ling tells StarBizWeek that the company has reached the end of a series of painful cuts and impairments, which dented its profitability in the wake of the 2008 global financial meltdown.
“We had been saddled with these huge write-offs. But we aren’t scrapping any more vessels. We’ve gotten rid of all the inefficient ships,” he says.
Hubline has jettisoned over 10 vessels since the financial crisis sent global trade into a tailspin. Six were scrapped this year alone, resulting in combined losses of RM54.7mil as at end-June.
In total, Hubline may have to write off close to RM200mil for the just ended financial year to Sept 30 (FY13), sources familiar with the company say.
Nonetheless, this is a loss the group can stomach, Ling says. Those costs are unlikely to recur in FY14, he adds.
Despite the global slump in shipping, Hubline’s operating efficiencies are already showing in its balance sheet – gross profit margins had doubled to 14% in 2012 from 7% in 2010. That number is set to improve in FY13, Ling says.
Yang jadi tanda tanya disini..apasal director dispose share..kalu future positif mesti dia beli lagi..director akan tahu perjalanan company..fikir fikirkan..
(1) Operating cost is 88% of revenue. Out of it 1/3 is from fuel cost and 20% dropped may add additional 5 to 6 % net profit margin; and (2) Company showing turnaround; 4 quarters of consecutive profits; (3) Debt level is shrinking via their internal generated cash flow; (4) Baltic dry index showing some positive uptrend;
Hopefully this time can breach their resistance level of 7 cents
KLCI drop from end of Oct until mid of Nov, 2011 2012 2013 are the same, so will 2014 be the same too? If yes, then i believe HUBLINE will have the high chances to rise with the flow of short term bull at the end of Nov and supported by the 4th quarter report....Is this will easier for the fund manager to fry? What say you?
Relax relax...year end debt haven't settle, next year debt haven't settle... director also need to sell off ... need to restructure loan alr.. maybe right issue, maybe 10 lots combine become 1 lot pajak gadai to bank.... still cannot, pn17..
If really really want play this stock, (as if malaysia has no other stock to play).... buy around 0.04, then sell at 0.045 or 0.05, next round queue buy at 0.035, sell at 0.04 or 0.045.. and continue to play at lower and lower price..
There are so many groups playing in such a way.. which causes the price drop from around 0.12 to 0.045 these days....which causes the huge huge resistance for the price to go up.. almost impossible to pull upwards
wat we see is only the selling volume that queue to sell...wat we havent see are those volumes that so many people got trap and they havent queue to sell.. if these people saw the price go up and bit and come to throw.. you can imagine how scary the impact..
Just imagine there is a penggoreng pisang or penggoreng nangka, are they going to take the risk to goreng this kind of stock, even b4 he can propose to goreng, alr goreng by his boss alr..
I might be wrong, but in my opinion, the abnormal huge volume queue to sell and buy is cause by a few groups of people..and they are playing around and around and around at a lower and lower price..
If you not very clear of this stock, then just look back at my previous posts.. all my previous posts are only hubline.. Does not mean i am only interested in hubline, indeed i am doing research in all other stocks, only have some special interest in tracking stocks that are going to disappear in long term.. step by step see how a stock dies down and learn from its experience..
I am not very sure, but everytime after the director or major shareholder sell off to some secret people, the volume becomes very huge, and it will pull the price up a bit.. are they trying to cover the reality of pulling up and selling to public ? and use a secret man to let everyone think there is a secret agency coming in to buy..
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....
Shacks
1,542 posts
Posted by Shacks > 2014-11-03 20:37 | Report Abuse
Hopefully can fly to 0.08...