courage marine 冲啊。

初升的太阳照在脸上
也照着身旁这棵小树
亲爱的伙伴亲爱的小树
和我共享阳光雨露
请我们记住这美好时光
直到长成参天大树

sunshine冲啊。

他今天把自己给卖掉啦。明天股价不知会怎样？

excerpt from its 1h07 result announcement:

"The Baltic Dry Index ("BDI") averaged about 5,700 in 2Q07, 110% higher
than 2Q06's average of 2,700."


now is 10,724。

对长期投资者很好。对打短工的，希望也能赚上一点。

以下统计来自 the encyclopedia of chart patterns 一书。

Appearance - Looks like a cup profile with the handle on the right

Reversal or consolidation - Short-term (up to 3 months) bullish consolidation

Failure rate - 26%

Failure rate if waited for breakout - 10%

Average rise - 38%, with most likely rise between 10% and 20%

Throwbacks - 74%

Percentage meeting predicted price target - 49% using full formation height, 73% using half
formation height

Surprising finding - Cups with a higher right lip perform better, 40% versus 35 % average gain.


以上统计说明了这种图形的做法，一是突破后立即跟进，那么这个图形失败率只有10%，还是很可靠的。二是突破后等回扯时再买，突破后有74%的概率有回扯。即4次中有3次可以等到。Average rise is 38%, with most likely rise between 10% and 20%。


回到courage和sunshine上面，都发生回扯了，但回扯得太深，使吾有点弄不明白。但是，我不认为图形已经失败，所以继续持有。

ASL值得继续观察。

如有20mil的量过2.79，吾很想追进。冲的味道很浓厚。

Business Times - 25 Oct 2007


Labroy a potential takeover target?

By VEN SREENIVASAN

IS offshore and marine heavyweight Labroy Marine a potential takeover target? Many industry insiders seem to think so. The stock has risen 6 per cent this week, and despite the volatility in the broader market, has largely managed to hold on to its gains.

All this comes amid vague rumours of an impending takeover. If industry watchers are to be believed, the buyer is a Middle East party which is said to be already well into its due diligence process on the Singapore mainboard-listed company.

Labroy, which is in the offshore supply, service vessels and oil rigs business, has remained silent. But its founder and chairman Tan Boy Tee - who controls 58 per cent of the company - has been widely reported as saying that he remains open to selling his controlling stake at the 'right price'.

And the current speculation on Labroy centres on Dubai Drydocks World, which bought up mainboard listed Pan-United Marine earlier this year before delisting it last month.

Indeed, given record high oil prices and the resulting boom in demand for offshore vessels and rigs, Labroy and other Singapore marine plays make attractive takeover targets.

Even before the Pan-United Marine takeover, offshore supply vessels specialist Jaya Holdings changed hands twice in the last three years, with Affinity Capital buying over KL-listed Sime Darby's controlling interest last year. Meanwhile, there is already market talk of Swissco reportedly looking at a potential privatisation.

But Labroy has attracted more attention of late following its venture into rig-building. Boosted by improved margins at its shipbuilding and offshore engineering division, the company reported a 94 per cent surge in its first-half earnings to $68.6 million recently. Revenues came in at $415.2 million - including some $130 million in rig orders. And it currently sits on orderbooks of some $2.4 billion, with some $842 million secured this year alone.

Some analysts expect this year's orders to surpass $1.4 billion. But it has not all been smooth sailing for the company. Recently, its stock took a hit when its chief operating officer and head of rigbuilding, Ng Khim Kiong, was reported to be leaving for greener pastures. Mr Ng's move was seen by the market as raising the risk of delays in the company's new rig-building venture.

Delivery on track

However, the fears subsided after the company - and more importantly, its rig customer Oslo-listed Standard Drilling - reassured the market that Labroy was on track to deliver its two rigs on schedule late next year and early 2009. The company currently has six rigs on its orderbook.

In a 32-page report on Oct 10, US broker Morgan Stanley initiated coverage of Labroy Marine with an 'overweight' and a price target of $3.40.

'The stock is trading at PEs of 11.4 for 2008 and 10 for 2009 on our estimates, which are attractive in the context of our positive view on global rig demand,' the report noted, adding that it expected the company to secure four jack-up rig orders and S$300 million of shipbuilding orders per year for the next two years.

Morgan Stanley assumed oil prices at above US$65 per barrel. Oil is currently well over US$80 at the moment, and shows little sign of receding. Likewise, Kim Eng recently reiterated its optimism in the upside for Labroy's valuation, citing the potential for significant new orders.

'New orders could arise from the option attached to the recent $567 million order for two heavy-lift jack-up vessels from Norwegian operator Master Marine, slated for delivery by 2010,' it noted recently in its report.

Meanwhile, Labroy is boosting capacity at its yard. The first phase of the expansion will enable it to build nine rigs simultaneously, while its second phase would also enable it to broaden its offering to deepwater semi-submersibles, floating production and offloading vessels.

Indeed, Labroy Marine is sitting smack at the centre of an industry sweet spot as soaring oil price fuels global exploration activity and intensifies the replacement cycle for the world's ageing rig fleet.

For bigger global investors, including cash rich Middle East players, a couple of billion dollars may be peanuts for a well positioned, high growth oil and gas play.

Copyright © 2007 Singapore Press Holdings Ltd. All rights reserved.

这个有点吃不准。上次就明显没有发育成功。此次对他要求至少5mil的量。

现在等他的回扯至37一线，买。