tag:blogger.com,1999:blog-3116247406908143536.post5600706572653714372..comments2024-01-27T16:26:11.380+08:00Comments on ... CoryLogics ...: Cory Diary : SEMBCORP MARINE LTDUnknownnoreply@blogger.comBlogger8125tag:blogger.com,1999:blog-3116247406908143536.post-42350030829671667962016-08-08T09:09:19.061+08:002016-08-08T09:09:19.061+08:00I think that where we catch ones assumption naked....I think that where we catch ones assumption naked. Secure on vessel vs secure on property. The MTM can be quite different. eg. 2nd hand Car.Coryhttps://www.blogger.com/profile/18166646368324976318noreply@blogger.comtag:blogger.com,1999:blog-3116247406908143536.post-91587523265696557582016-08-08T00:41:31.366+08:002016-08-08T00:41:31.366+08:00during good times prior to oil crisis, bank loans ...during good times prior to oil crisis, bank loans were made against vessels which are incoming generating assets as well. MOC were high too. Rolf Sueyhttps://www.blogger.com/profile/10723925075715114650noreply@blogger.comtag:blogger.com,1999:blog-3116247406908143536.post-18953951632193768672016-08-07T22:31:02.896+08:002016-08-07T22:31:02.896+08:00Like to add, most loan is secured with property in...Like to add, most loan is secured with property in development. I think there maybe certain level of protection if the company failed. And with the discount, there is some MOC compared relatively.Coryhttps://www.blogger.com/profile/18166646368324976318noreply@blogger.comtag:blogger.com,1999:blog-3116247406908143536.post-47259769662374027032016-08-07T22:26:20.989+08:002016-08-07T22:26:20.989+08:00Hi Unknown, leverage is a double edge sword. Yes w...Hi Unknown, leverage is a double edge sword. Yes we need to watch property carefully too.<br /><br />CoryCoryhttps://www.blogger.com/profile/18166646368324976318noreply@blogger.comtag:blogger.com,1999:blog-3116247406908143536.post-26343868417369504902016-08-07T22:24:35.434+08:002016-08-07T22:24:35.434+08:00Thanks STE ! Pokemon Go Time ! :PThanks STE ! Pokemon Go Time ! :PCoryhttps://www.blogger.com/profile/18166646368324976318noreply@blogger.comtag:blogger.com,1999:blog-3116247406908143536.post-57860058160376255652016-08-07T17:11:10.892+08:002016-08-07T17:11:10.892+08:00Oxley to me has the trait of over grown using exce...Oxley to me has the trait of over grown using excessive leverage n over optimism from the founder! <br /><br /><br /><br />Rolf Sueyhttps://www.blogger.com/profile/10723925075715114650noreply@blogger.comtag:blogger.com,1999:blog-3116247406908143536.post-91624310937368777202016-08-07T12:26:10.365+08:002016-08-07T12:26:10.365+08:00Property are 30% discount because they are highly ...Property are 30% discount because they are highly gear, don't be mislead by their current performance. If world economy heading for a long drought, they(property counter, those with huge debt) could be the next swiber. <br /><br />Look at Lian Beng for instance, debt as reported in their current report..."Total borrowings increased from $292.9 million in FY15 to $440.6 million in FY16 Unknownhttps://www.blogger.com/profile/03697748904859515763noreply@blogger.comtag:blogger.com,1999:blog-3116247406908143536.post-39861914278348701722016-08-07T11:05:52.232+08:002016-08-07T11:05:52.232+08:00Good summary on Sembcorp Marine and O&G indust...Good summary on Sembcorp Marine and O&G industry in general !!! 👍👍STEhttps://www.blogger.com/profile/03171270652249099828noreply@blogger.com