Hallin Marine Subsea Share Discussion Threads

[l0wrdr] 05/8/2009 08:28

bit quiet here so far considering, i did expect a flurry of buying first thing as its pretty good news

[joe say] 05/8/2009 08:16

Try deleting cookies and see if that helps

[joe say] 05/8/2009 08:15

mp - people on the LLOY thread reported that issue this morning - but not a problem for many including me.

Maybe a browser issue

[mpclag] 05/8/2009 08:12

is anyone else having the problem that news is not appearing under the information page and you actually now have to click on news to search for it?

[l0wrdr] 05/8/2009 08:11

120.00 is sell so i presume the mids are buys

[stluke] 05/8/2009 08:05

Can anyone confirm whether these mid price trades are buys or sells?

Answered my own question, buys tried dummy order got 120.50.

[rogerbridge] 05/8/2009 07:51

More good news today.

[evaluate] 05/8/2009 07:43

Hot on the heels of the recent deal announced.

This is great news.

Soon be back testing recent highs.

[glasshalfull] 05/8/2009 07:40

Nice announcement. Decent sized contract.

Regards,
GHF

[l0wrdr] 05/8/2009 07:36

just came across this in the news reel, large contract in this climate cant be ignored

[joe say] 05/8/2009 07:21

Lov-er-ley

[stluke] 05/8/2009 07:17

Yes nice to see this contract being renewed for a further two years, it is a clear indication of the quality of the company.

[mr boatman] 05/8/2009 07:16

5 August 2009

Hallin Marine, the AIM quoted provider of subsea solutions to the oil and
gas industry, announces that it has been awarded a two year US$15 million
contract by construction giant Leighton to supply saturation diving support
for the 2009/2010 and 2010/2011 seasons for the Pipeline Replacement Project
(PRP2) offshore Mumbai, India.

[plasybryn] 05/8/2009 07:15

Great contract news this morning. Where are all those doubters now?

[clancrackan] 04/8/2009 08:34

Francisco Blanch, commodity strategist at Bank of America, said yesterday
that lower prices of oil and other commodities late last year was probably more beneficial to the global economy than any government stimulus effort.

"This whole recovery is based on more liquidity being added to the system, when in fact the problem is we didn't have enough oil,"

And offshore is the place to find more.

[rivaldo] 03/8/2009 08:29

Nice 50k buy at 115p already. We may see a decent re-rating continue from here before the September interims - HMS remains on a current year P/E of around 5.5, and on EVO's forecast of 29.6p EPS next year the P/E drops to just 3.9.

[greek islander] 01/8/2009 08:40

Shows the value of sticking with good fundamentals, as this has recovered now from 90p to 114p which is just short of where I bought in originally. Still lots of potential and another good contract win or extension announcement should take us to 130-140p and beyond. PE still very modest and as has been pointed out above, well below the sector average. Next set of results should see a re-rating back to where it was. No obvious reason why HMS share price has always underperformed in comparison with its direct competitors.

[stegrego] 31/7/2009 20:55

Good to see a bit of sense coming back here....!

[philo124] 31/7/2009 20:23

Yeah where is that Clown??

[kickstart] 31/7/2009 16:08

Now where is that clown Moonlover and his 60p forecast?, He seems to have gone rather quiete ( lol). I guess he is licking his wounds.
Nice rise today and looking well bid 3 x 1 at 113-115p as I write.

[rivaldo] 30/7/2009 19:05

Excellent stuff clancracken, thx. Per Yahoo Cal-Dive are on a P/E of 7.63 - still low, but which if translated to HMS would give a share price around 160p.

[koolio] 30/7/2009 16:32

Fugro don't have any diving operations in the group, they do have a large fleet of ROV's and survey vessels that compete with Hallin. Fugro first half figures will be out 8/8/2009.

[varies] 30/7/2009 11:42

clancrackan
Thank you so much for your very interesting post on Subsea 7 and Cal Dive. I will look into both these.
A much larger company is Fugro, quoted in Amsterdam, but not so relevant as only part of its business is sub-sea. HMS would fit well into Fugro if it wants to enlarge this part of its business.
I expect you know a great deal more about Fugro than I do having only come acroos the company yesterday in connection with Nautilus who have just signed a contract with them.

[clancrackan] 30/7/2009 09:24

The two quoted broadly/roughly similar subsea diving companies to Hallin are the larger Subsea 7 which reported their second quarter yesterday and Cal Dive which reports today.

From these reports it is clear that the subsea diving market remains strong for the medium (and imo long term) and thus Hallin's specialised integrated services. Hallin on the basis of all indicators will imo return to strong growth.

Cal Dive Reports Second Quarter 2009 Results :

HOUSTON--(BUSINESS WIRE)--Jul. 29, 2009-- Cal Dive International, Inc. (NYSE:DVR) reported second quarter 2009 net income of $28.6 million, or $.30 per diluted share compared to $16.9 million and $.16 per diluted share for the same period of 2008. The increase in net income is primarily due to increased new construction and repair and salvage work in the Gulf of Mexico and new pipelay projects in China and Mexico. Gulf of Mexico salvage and repair activity increased due to the impact from hurricanes Gustav and Ike that struck the region in the late summer of 2008.

Quinn Hébert, President and Chief Executive Officer of Cal Dive, stated, "We had an excellent quarter operationally across all regions which translated to strong financial performance. We continue to execute at a high level domestically in both the new construction and salvage markets and we are especially excited about our project performance in China and Mexico. These two pipelay projects have contributed to Cal Dive increasing its international revenues by nearly 50% in the first half of 2009 as compared to the first half of 2008.

Another positive development during the quarter was the secondary public offering of our common stock by Helix and our related stock repurchase and retirement of shares at the offering price. These transactions reduced Helix's ownership interest in Cal Dive from approximately 51% to 26%.

Looking forward, bidding activity remains steady and our vessels and barges should be highly utilized during the third quarter. Our backlog as of June 30th was $284 million and approximately 75% of that will be performed in 2009."

see

[clancrackan] 29/7/2009 14:23

Trade whispers ?

UK-based Hallin Marine may invest in two more vessels to be built based on a new design touted as a low-cost alternative to large diving support vessels and semi-submersibles.

Sources said Hallin was shopping for yard space to build an accommodation unit and a subsea operations vessel modeled after a twin-hull design developed by its joint venture with Dubai-based Minnow Marine Projects and STX Canada Marine.

The vessel specifications are still being finalised, however, each unit is expected to be of 84 metres long. The initial design presented by Hallin also calls for each vessel to be fitted with DP3 dynamic positioning capability and built-in hangers suitable for two construction class 3000-metre remotely operated vehicles (ROVs).

Hallin declined to comment on the new design or its newbuild plans when approached by Upstream earlier this week