Creon Share Discussion Threads

[mike111d] 02/8/2013 08:15

The chart is certainly starting to look better.

[xcap] 02/8/2013 08:13

oilbuy
nice start
I agree, there has to be news coming through. I am expecting

1. News/update from YZJ offshore re jack up rig (do remember that the spec has been increased as stated in the results which must mean the original agree sum must be higher now)
2. Update on the new shipyard -'compacting' was where we were at last announcement
3. MGR - winning new business and contracts
4. MGR - news on when we get our first payment of interest on loan
5. Legacy asset - confirmation that we will be receiving the Principal sum plus interest in sept
6. Maybe a new deal in the offing?

[oilbuy] 02/8/2013 08:06

Thanks share_shark , delighted to see you having a good run of late. A great start to the day here. Looks to me like it's an undervalued stock.Oilbuy

[oilbuy] 01/8/2013 14:28

Yes the ichimoku chart has turned to a weak bull and the volume has increased. As far as i can see, somebody is loading up .I expect good news to follow !

[oilbuy] 01/8/2013 14:24

From July 9th RNS


Period highlights

· Group's net asset value up 18-fold year-on-year to 0.41 pence (2012: 0.023 pence);

· New investment funds of more than £12.0 million raised via an open offer to all shareholders;

· Invested US$15.3 million (£9.7 million) in new oil and gas rig construction joint venture with multi-billion dollar
shipbuilding giant, Yangzijiang Shipbuilding (Holdings) Ltd ("Yangzijiang"), for a 46.45% stake in YZJ Offshore;

· YZJ Offshore's associate, YZJOE, a company in which Creon has an 18.6% indirect interest, secures first rig order
worth US$170 million for delivery in mid-2015; and

· Board strengthened with appointments of Mr Ghanim Al Saad as Non-executive Chairman and Mr Glen Lau as Chief
Executive Officer.

Oilbuy

[napoleon111] 01/8/2013 14:19

here is trade data from 16th july to today

[xcap] 01/8/2013 14:11

Nap/oilbuy
if I am not mistaken, over the past 2 weeks some big trade volumes

[oilbuy] 01/8/2013 14:06

Volume is a sure indicator !!!!

[napoleon111] 01/8/2013 14:04

10mmio traded today so far

[oilbuy] 01/8/2013 13:59

All trades arw buys !

[xcap] 01/8/2013 12:28

Nap, you really do have a diversified portfolio

[xcap] 01/8/2013 12:22

yes agreed ss
and bb looking very healthy on sound research (Nap!) and all
next month or 2 should bring significant newsflow imho
MGR
legacy asset and cnote repaid with interest = £500,000
update from YZJ offshore, highly likely
some more bid/tender news for jack up rigs in the pipeline perhaps
and even a corporate presentation - now that would be nice as we are so, so under the radar
all to play for here- one more bid success for a jack up rig and we will be off
then again there could also be other deals the BoD are looking at
Glen Lau is very clearly a player and very well connected with the financial backing of the Chairman through his Qatar Inv Corp

[napoleon111] 01/8/2013 11:13

could actually be tempted to take a little position in them, havnt currently got anything listed in sing in the portfolio, should could be an interesting diversification :D

[napoleon111] 01/8/2013 11:13

[Delayed] [YZJ] YANGZIJIANG SHIPBLDG HLDGS LTD - MISCELLANEOUS

This story was delayed by 20 minutes.

CURRENCY TRADING RELATED INFORMATION

[Announcement is submitted with respect to]
YANGZIJIANG SHIPBLDG HLDGS LTD

[Announcement Title] MISCELLANEOUS :: DUAL CURRENCY TRADING RELATED INFORMATION

[Stock Code]
BS6

[Description] For the Renminbi (RMB) counter of the Company's shares which will start trading

from 9 am, 5 August 2013 on the SGX-ST, the SGX counter name is Yangzijiang RMB D and the SGX stock code is SO7.

[MISC Announcement Title]
Dual Currency Trading related information

[Other Info]



Provider ID: c772e851daf8fe8c48257bba000b6b32
-0- Aug/01/2013 9:11 GMT

-0- Aug/01/2013 09:31 GMT

[napoleon111] 01/8/2013 11:12

Cosco Singapore Secures Jackup Rig, Vessel Contracts
By Shiyin Chen
Aug. 1 (Bloomberg) -- Cosco Dalian Shipyard secures contract valued at more than $170m from European co. to build a jackup drilling rig, parent Cosco Singapore says in statement to stock exchange.
Rig scheduled to delivery in 3Q 2015
Chinese co. places order for 2 deepwater platform supply vessels and 2 anchor handling tug supply vessels, Cosco Singapore says in separate statement; contracts valued at over 590m yuan
Vessels set for delivery in 2Q 2015

[share_shark] 01/8/2013 08:36

Oh welcome Oilbuy. Hope all is well and thank you for your charting expertise.



Thanks you also Nap for your continued work here. Most appreciated.I shall pinch some of it now!.

[napoleon111] 01/8/2013 08:34

Thursday, July 25, 2013


Shipyards & Oil Services
Ranhill defers IPO; Hercules JU rig fire; SDRL open offer on Sevan – 25/7/13

Ajay Mirchandani (65) 6882-2419 [e-mail] (AC)


[Image Removed]
Singapore/Malaysia Offshore & Marine News
* Keppel Land will sell its 51% shareholding in Jakarta Garden City to its
JV partner PT Modernland Realty for ~S$290.5mn. The sale is expected to
result in a profit after tax of ~US$186mn for Keppel Land. The company has
said that cash from the sale will allow it to focus on other opportunities
in Indonesia, especially Jakarta. The transaction is expected to be
completed by the fourth quarter of 2013. (Keppel, July 24)
* Ranhill Energy defers listing to a later date after Petronas suspended
its licence. Stock was scheduled to trade on the Kuala Lumpur Stock
Exchange from July 31. Ranhill has stated that a significant portion of
its oil and gas business revenue comes from Petronas. The compay has also
submitted an appeal against suspension and is awaiting Petronas' decision.
(Bloomberg, July 24)
* MTQ Corporation reports 1Q14 results: posts net profit of S$6.5mn, up 38%
YoY (S$4.7mn in 1Q13). The group's revenues increased by 146% YoY as
Neptune Marine Services became a subsidiary of MTQ Corp. The group
remains positive on drilling and exploration activities. (MTQ Corp, July
24) China/Korea News
* China will accelerate phasing out of overcapacity in shipping, iron and
steel, cement and flat glass industries according to the Ministry of
Industry and Information Technology. (Bloomberg, July 24)
Industry & Order News Flow
* A fire broke out on Hercules jack-up rig operating for Walter Oil & Gas
in Gulf of Mexico. Hercules said that natural gas flowing out of the well
ignited which spread to the rig, adding that immediate focus is to stop
flow of natural gas from the well. The well was not producing and was
undergoing completion work for a sidetrack. 44 workers have been evacuated
and no injuries have been reported yet. Net book value of the rig is
~US$19.4mn (Upstream, July 24) * Gulfmark Offshore announces 2Q results,
beats estimates. The company says it will focus on expanding its business
in South-East Asia, with more activity in Indonesia and Malaysia, and will
look to acquire vessels in this region. The company expects day rates to
remain high in US GoM and North Sea.
(Bloomberg, July 24)
* Wood Group secures contract from Enegi Oil to carry out FEED on Fyne
field development in UK. (Upstream, July 24)
* Seadrill announces launch of mandatory offer to acquire all outstanding
shares in Sevan Drilling at NOK3.95/share. (Seadrill, July 24)
* Newbuilding order intake in 1H13 increased 64% yoy to 48m dwt, but total
amount of US$36.9bn remains similar to US$37.2bn yoy. However, value of
offshore contracts totalled US$13.4bn, a decline of 25% yoy. In terms of
total value, Korea won US$18.5bn of new orders with China and Japan winning
US$10.5bn and US$2.8bn, respectively. (Asiasis, July 24)
J.P. Morgan View
* Technip Q2 2013 preview - setting another record for order backlog (Link
to full note)
* Global Oil & Gas Daily Japan's LNG imports fall 3.1% Y-o-Y in June
(Link to full note)

[napoleon111] 01/8/2013 08:31

more on the seadrill news from marinelink
ChIna Shipyard Wins Two More Seadrill Jack-up Orders

Seadrill Limited has ordered tow high-specification jack up drilling rigs from Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore).

The newbuild rigs are scheduled for delivery during the second and third quarters of 2016, and the total project price per rig is approximately US$230 million (including project management, capitalized interest, drilling and handling tools, spares and operation preparations), with tail-heavy payment terms.



The two new units will be based on the F&G JU2000E design, with water depth capacity of 400ft and drilling depth of 30,000ft. Seadrill now has in total ten jack-ups under construction at DSIC Offshore of which two are scheduled for delivery in 2013, five in 2015 and three in 2016.

Seadrill's construction program now totals 24 units, including 9 drillships, 2 harsh environment semi-submersibles, and 13 high specification jack-ups. In addition the Company has fixed priced options for two ultra-deepwater units.

Per Wullf, CEO of Seadrill Ltd. commented, "Seadrill has focused its' newbuild activity on the high end of all asset classes since the Company's inception in 2005. High specification units have historically commanded the highest dayrates and utilization rates and we fully expect this trend to continue. The market for high specification jack-up units is poised for a significant uplift in dayrates and we continue to invest in order to put Seadrill's shareholders in a prime position to benefit. "

[oilbuy] 01/8/2013 08:27

Ichimoku has issued a bull , chart looking good.Oilbuy

[oilbuy] 01/8/2013 08:25

There has to be value at this level !!!!

[napoleon111] 01/8/2013 07:53

seadrill (whilst being a huge and very successful company) should be what we are aiming for, even a fraction of the size and success would mean $$$$$ :)

[mike111d] 31/7/2013 22:11

Thank you also for your efforts here Nap.