summary of edge article on daya. MD Nathan Tham aim to achieve 1B in turnover & market capitalisation by 2015. share price =1B/1.26b=0.8 cts by 2015, if buy/own siem daya 1 & 2, will likely issue convertible loan stock. Unlikely to give bonus issue because daya liquid enough. Hence better to expect convertible loan stock. Share will go higher so that can issue loan stock at a higher price, so that owners retain majority ownership without coming out with more funds. daya want to start with competitive area in Norway first, so that when come back to malaysia already got good track record.
If people want to sell now. is ok so can let long term investor to hold the shares and price can slowly go up like Perisai. Dont regret later. Lots of people hv take position to hold this share.
The Board of Directors of Daya Materials Berhad (“DMB”) is pleased to announce that its sub-subsidiary, Daya OCI (Labuan) Limited (“DOCIL”) (formerly known as Daya OCI (Labuan) Berhad) had on 16 August 2013 entered into a Charter Party Contract (the “Contract”) with Technip Norge AS of Norway in relation to the appointment of DOCIL as a contractor for the provision of offshore subsea construction vessel together with a range of offshore services on a long-term charter basis for the North Sea and North Atlantic Regions (the “Charter”). Daya Offshore Construction Sdn. Bhd. (“DOC”) (formerly known as SD Equipment Sdn. Bhd.), a wholly-owned subsidiary of DMB will be executing the Charter on behalf of DOCIL.
DELIVERY TERM AND VALUE
The Charter is for a period of 100 to 175 days per year for 7 years, commencing in August 2013 until 2020.
The Charter is expected to be completed in 2020.
The estimate value of the Charter ranges from RM 250 million to RM440 million, depending on the actual utilisation.
last time daya many news ,don't run. Now daya on many's radar, some news will run.if up 5-10 cts should offload, if up 2-3 cts ,hold on i think. 2nd quarters earnings nearby. Today's vol not very high . If up 5-10 cts with heavy volume ,should offload .Anyway should look at closing from peak tomorrow. If close near to highest may highest,the next day morning early.If close far from peak,with significant vol can consider letting go temporarily.
if owners want to sell, vol today should made be very high & jump more than 2 cents,so that with tomorrow's up,(after announcement end of today) it is time to let go. but todays vol not so high ,up not so much.Hence they do have the intention to push up to sell tomorrow.Other may do it ,but limited. hence long term should be up despite tomorrow's performance.
recent off market deal was at 0.35 which shows the confidence level.With the chartering if SD 1confirmed and the 2nd qtr result which is expected to be good,Daya will be push to 0.45 possibly higher.With SD 2 in Dec and possibly SPAC listing,the price will again be push up.hold on to Daya as it has many good projects being simultaneously executed.
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Looiks
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Posted by Looiks > 2013-08-19 14:49 | Report Abuse
Hold on to yr shares, Tsunami coming!