Hallin Marine Subsea Share Discussion Threads

[crawford] 10/7/2009 12:18

IC has a sell rating, numpties.

[greek islander] 10/7/2009 09:28

gcom
Like your positivity.
I think the general state of the market argues against that however HMS should surely start consolidating around this new level of £1.
Obviously a concerted effort by directors to get the message across that the sell off has been overdone. Maybe more purchases to follow. Can only help.

[gcom2] 10/7/2009 09:20

I doubt theres much further to fall here. Lamprell tanked to 65p on a poor trading update , it was 130p 8 weeks later.

[clancrackan] 10/7/2009 09:19

Jon Attenburrow MD of Hallin's East division, bought 50,000 shares yesterday.

Continuing to add.

[stegrego] 10/7/2009 00:16

That article appears to have been written by a 6 year old.....

[peterbill] 09/7/2009 16:54

From StrategicOffshore.com

Expect the Unexpected

Watch where you put your feet! The road ahead in the subsea market is filled with potholes and traps, and everyone needs to watch their step. Keeping a foot on the solid ground is getting treacherous.

Any attempt to bring consistency to the subsea market seems as futile as herding cats. It's a nice idea, but the one certainty in the subsea sphere is that anything can happen, and usually does.

For more than a decade the main subsea contractors have clawed tooth and nail to bring financial respectability to their results. Just as they've finally managed to do that – all bets are off: the world around them has turned on its head. Even though the contractors have been reporting record profits, their share prices have gone down the toilet and left them weakened and vulnerable with the ground beneath their feet crumbling.

Now the market players must feel dazed and confused. Not only were they facing a dangerous explosion on the supply side of the market, now they have to deal with septic credit markets and a tanked oil price which has put the mockers on demand. Any of those factors would have been bad enough to deal with in isolation, but all together adds up to double jeopardy of the worst kind. Clients are hunkering down to ride out the storm and slashing spending budgets, and there's not much the contractors can do about it.

Yet, that will create a period when the differentiation between the market's winners and losers will be in more vivid contrast. On all sides of the market. Anyone's been able to make money in the market over the last couple of years. Now it's time for the men to be sorted out from the boys. As a result the changes in the make-up of the market are very likely in the next year or so, and those changes could be massive.

All the market participants, no matter which side of the fence they are on are going to have issues to deal with. Plus, those that are at the centre of asset play positions may find their windows of opportunity slammed shut. Slammed so hard that the window's panes all smash.

Yet, true to form, the subsea market is never straightforward. That means the implications of the current turbulent times are multiple and complex. And all will need to understand them fully.

The brand new edition of Strategic Offshore Research's Global Subsea Market report (which now includes a forecast out to and including 2012) breaks down all of the market's many shades of grey and complex drivers. It makes real sense of what the raw numbers mean for the market both in terms of trends, future prospects and, more importantly, money.

[masurenguy] 09/7/2009 16:07

MoonLover - 9 Jul'09 - 1931: Should fall to below 60p so yes could be the gap at 53p filled?

LOL !

[loafingchard] 09/7/2009 15:54

Nice one , might even open my wallet again at this rate . Good luck all :)

[edmundshaw] 09/7/2009 15:31

Well done Jon Attenburrow. That's what I call a director purchase! :)

Added a few myself sub 100p. Getting rather silly at these prices, but I'm not complaining. :-)

[fr4dge] 09/7/2009 15:27

More buying from the Directors.

50,000 this time.

A bit more promising.

[pro_better] 09/7/2009 10:24

80p first stop....then we see...

[moonlover] 09/7/2009 09:54

Should fall to below 60p so yes could be the gap at 53p filled?

[panagos] 09/7/2009 09:29

gap at 53p to be filled?

[gcom2] 09/7/2009 09:24

Well my buy order will trigger at 92p and I'm not changing it.

[moonlover] 09/7/2009 09:22

The "its so cheap" crowd have now shot their bolt early and purchased as much as they can and now the decline will continue and it will get very much cheaper.

60p target.

[marvelman] 08/7/2009 10:39

Battlebus....my remark was uncalled for and I apologise...bad day yesterday.

[battlebus] 08/7/2009 08:25

Unfortunately Marvelman my crystal ball fails the odd day but i do earn a living from the stock market.

[marvelman] 07/7/2009 19:37

If I could see into the future like you Battlebus I would be a millionaire like you must be.

[battlebus] 07/7/2009 19:34

Said we would be up 10/15% by Friday so we,re of to a good start.

[rivaldo] 07/7/2009 14:52

Nice one GI. Looks like a P/E of 4 or 5 at worst is low enough to attract buyers back in.

Mind you, if this proves to be only a temporary setback then a rise to 150p would just be the start.

[greek islander] 07/7/2009 11:17

IGIndex have just reinstated HMS's staus for spreadbetting which indicates that it clearly thinks that the dramatic price movements have settled down. Great to get in at just fractionally over £1. Which takes my average spreadbet buy price down to 118p. See this one as a full 6-month bet and am targeting 150p in that time at which point I would probably cash in.

[clancrackan] 07/7/2009 09:56

Moonlover you must be asleep the Mail's figure £11.2m PBT and report are from 1st July and Stegrego posted the same figures in Edison's note on 2nd July which the Board have discussed for 5 days now !.

With the drop in the share price to 100p (from 113p since the 01 July Reports) and
the fall in the value of sterling to $/£ 1.61 (from 1.65 since the 01July
Reports) Hallin's estimated 2009 P/e is now 4.06 and 2010 P/e is now 3.7.

The impact of the unfavourable $/£ exchange rate since the 31st Dec 08 is in the Edison figures and of course could easilly/equally reverse.

[moonlover] 07/7/2009 09:24

There is no high demand.

This is why the company openly admits margins are under pressure due to "increased competition" (which means less business around = falling demand).

And they openly admit this weakness is continuing and will further hurt earnings and profits going forward.

To talk about asset values is crazy.

If demand is tanking, it means lots of unused systems, which means second hand values are falling fast too.

60p target.