Sunday, 31 July 2016
Swiber : What Lesson Did I Learn???
Quite number of articles written in the cyber world related to Swiber.
What you should not do?
What you should avoid?
You see I saw it coming!
All these hindsight experts have shorted Swiber and now laughing to the Bank?
Over market cycles bad things will always happen and some companies will fail and die.
Every few other days there are people in Singapore tio Cancer.
Every few other weeks there are cancer patients who didn't make it and died.
Can we avoid or escape?
No!
But, we can protect ourselves and our family financially so there is less financial stress when bad thing happened to us.
This is how risk management and money management play that important role in our life. We are better off to be Ants when we are married with family and kids.
How much different in investing?
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If one study cycles...
ReplyDeleteThe fall of companies is a sign of the cycles. It means we are nearer to the bottom ( didn't say how long ) than the top. I wonder what is so surprising ?
Shipyards close like nobody business in China and the 3 Korean giants are bleeding ...
We have a few O&G companies falling and it get so excited ??
But all the textbook signs are out :
Utilization rate down, charter rate down, companies busting, capex gone.
It's winter no doubt...
CEO Keppel expected long and harsh winter for O&G. Another 5 yrs by looking at Keppel future Order Book build up?
DeleteHi CW,
ReplyDeletedo you think is there anyway an investor can see that swiber is in serious trouble other than it's high debt. Thanks in advance.
DBS CEO didn't see it coming. Filing for bankruptcy.
DeleteBondholders can take hair cut for win-win and let Swiber grasps for some air.
DeleteBefore i vest in a counter. I always see whether it got cash, the more cash the better and min debt, the best is zero debt. I never like coy use debt for expansion, when event change so is their fortune. Many property counter have very high gearing, best to stay away as property is not doing well, and if the world take a turn for the worse, they would be in a crises like this swiber. Just take a look at Lian Beng, GLP for example.
DeleteJust trust dividends as they are real money. :-)
DeleteI never like to vest in counter that borrow big to expand, even though it is making good profit. Look at those property developer, they would be another O n G saga, if world economy turn for the worse.
ReplyDeletevest in counter that got huge cash pile.
I never like to vest in counter that borrow big to expand, even though it is making good profit. Look at those property developer, they would be another O n G saga, if world economy turn for the worse.
ReplyDeletevest in counter that got huge cash pile.