Category: SembMarine

Sell @ $3.02

Cleared all my last lots at a big loss… Decided not to ride the cycle after all. Really bad timing when I first entered as Oil Prices started it's sharp decline shortly after… May re-enter again but more for short term trades… 😀

Sell @ $3.13

More losses realised… my "shorts" not doing well as +9ct since my 1st one… 😀

Sell @ $3.04

Take a huge loss here to reduce my exposure. FY14 results were good but longer term, there're uncertainties due to huge Oil Price drop and the on-going corruption investigation in Brazil. A possible strategy is to treat this as a "short" and to buy back again if it drops ~10ct. But, even with the huge realised loss, my portfolio asset value is a bit more positive as SembMarine is +6ct vs last close… 😀

Sell @ $2.90

Contra off… can't resist taking a quick profit on a day when STI is -79… 😀

Buy @ $2.86

One of my worst hit stock… -23%! Impact of low oil prices… was hoping that oil price will be better supported as it's winter in the Northern Hemisphere… how wrong I am… looks like will have to hold for much longer term… PE only 10.8 but can go lower if we start to see a biz slowdown in the coming Qs… 😀

Buy @ $3.57

Q3 results were out last evening after mkt closed. Looks good to me, with Revenue & Profit higher. However, according to an analysts' report I read, the increase is due to an Accounting change ie. they get to recognise Revenue & Profit earlier for repeat customers… It'd appear that the results is below the analysts' consensual average…. that may explain the sell down… 😀

Buy @ $3.63

Prices so volatile… collect back. 😀

Sell @ $3.69

Contra off Friday's, take profit. Closed @ $3.74, can sell my next batch also. Looks like mkt continued to be positive on Japan's money printing move… makes everyone happy… now positive on US, China, Europe recovery also,,, Let's may hay while the sun shines! 😀

Buy @ $3.60

Continue to average down… Getting scary as my holding gets bigger… 😀

Buy @ $3.68

One of the rare few that's -ve today. Dropped ~10% since my buys, looks like a failure as a candidate for the Yield Rotation Strategy.. Prices are moving in sync with the Oil Prices… big drop due to Shale Oil production in US… Anyway, order book remains healthy… May have to hold for long term… 😀