how thier liftboat stuff? no update at all? i hear rumour baker engineering delay long time/fails to build the liftboat....anyone can confirm?
Okok cos emas move so fast .. thot this counter also
May not be so soon....All firing at the IT/Internet company in the Top volume!!! All other companies need a wait....
Moving soon ?? Hee
Moving soon ?? Hee
think in this kind of climate, baker tech seems like a defensive counter to park $ and get some dividend. good margin of safety since about 17 cents per share are cash. as long as the company is able to generate positive operating cash flow and remains profitable, the cash pile will just keep growing. clearly a good target for takeover or RTO.
SGX needs to improve on its STUPID MTP rule. If a cash only company needs to do share consol just to satisfy the MTP rule, it makes SGX look silly. As there is no logic to it.
So if SGX is not going to scrap the MTP rule, it HAS TO modify the rule. Refine it, stupid!
Please lah, dont do share buyback. Just distribute lor... The shell will be worth a lot after distributing out the cash. Plus some liftboat stuff. Many companies will be interested in a clean shell for an RTO. Cannot come cleaner than Baker Tech.
The cash is their last bullet. Don't think they will distribute. Maybe they will use it to do share buy back
The cash is their last bullet. Don't think they will distribute. Maybe they will use it to do share buy back
Now that Baker is trading at 18.5 cents, below 20 cents, and if it does not go above 20 cents, may need to consolidate. Can we ask management to just distribute all the 17 over cents cash, and do whatever it wants with the shell?
Can detect some bargain hunting on a cash stock like Baker today. I also bought some today to show some support. But my ideal hunting price is 17 cents and below.
think baker has around 17cents/share of cash sitting around, NAV 22 cents.. their admin cost, operating expenses is about 3mil+ each quarter.. assuming they got 0 revenue, they can sustain & pay overheads of the company w/o doing anything for about 15years lol
Sales for most recent quarter were down 29% while net profit is a paltry $45k. Coupled with lower oil prices, I guess that' s why it has turned bearish since the last earnings release.
When market is overwhelmed by fear, it is possible to buy below net cash. I am having my basket ready.
Some jokers are going to sell this to below net cash soon?
We have 4 years of bull run 2009-2013 (QEs induced), but after QE stops, it has been going downhill slowly. I personally think there must be a big crash to flush out weak holders, then will have a strong rebound. OR if u start to hear media talking about QE4, then is a signal to buy.
Thats why i totally out from stock market since June when I dispose of my Pacific Radiance and then Lian Beng.
I expect a crash, I hope I am wrong, but my personal opinion a crash is coming, now infact we are seeing a mini crash now.
So my strategy is buy when STI crash to 2800 or below or when they start to talk about QE4... In the meantime, I am out of stock market
All these are my personal opinion, not fear mongering...
I hope you are not right. But hope is a very dangerous word.
Last time whenever sell down, there is the hope of QE, and later when QE was pushed out, share price recovers. This time round, there is no potential positive catalyst, instead negative one aka rate hike.Unless FED starts talking about QE4 instead of rate hike, then i think market is really done and dusted, may remain low for a substantial amount of time like 2-3 years.
