$Seatrium Ltd (5E2.SG)$ 1.70 coming soon

功名利禄 过眼云烟 : Wow

Followthebullet OP : Seatrium has recently secured multiple significant contracts, totaling S$180 million (around $133.8 million), for repairs and upgrades across various types of vessels. These contracts include major repairs on offshore vessels, naval ships, ferries, LNG carriers, and tankers, with most expected to be completed by the end of 2024. Additionally, Seatrium has landed several high-value deals for offshore refits and retrofits for regular customers like Velesto Energy, Zonda Drilling, and Seadrill BRIEF-Seatrium Secures S$180 Mln in Repairs and Upgrades Projects
Seatrium


Regarding Seatrium's share buyback, the company executed a buyback at an average price of $1.49 per share, which is a positive signal of management's confidence in the company’s prospects. There is anticipation around the pre-earnings report on 2nd August, which could further influence the stock price depending on the financial results disclosed.

The contracts and share buyback demonstrate the company’s robust operational capabilities and commitment to returning value to shareholders, potentially making Seatrium a compelling investment at this time. However, investors should consider broader market conditions and upcoming financial performance before making investment decisions BRIEF-Seatrium Secures S$180 Mln in Repairs and Upgrades Projects
Seatrium

BagHolder23 Followthebullet OP : Have they spent the entire budget approved for share buy back? Last time I checked it appeared to only be a fraction of the money allocated.

104216943 :

Followthebullet OP BagHolder23 : I think company also need to maintain sufficient capital for these ongoing and potentially large intensive projects. So may not fully utilise buyback budget. Might be strategic factor also. Well, we just have to wait and see how it goes. There’s definitely some risk involved base on their history with investors

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