tag:blogger.com,1999:blog-18183714.post6328070033031751560..comments2024-03-08T20:25:35.963+08:00Comments on Malaysia-Finance Blogspot: SalvadorDalihttp://www.blogger.com/profile/06868577716920232901noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-18183714.post-60608843098173761382007-07-05T20:10:00.000+08:002007-07-05T20:10:00.000+08:00Salvatore,You need to consider the tax savings too...Salvatore,<BR/><BR/>You need to consider the tax savings too, if the leaseback is done in offshore.<BR/><BR/>What is the TP for SapuraCrest and the rest of your picks?solomonhttps://www.blogger.com/profile/15373632232861592746noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-20426111650962890682007-06-28T10:22:00.000+08:002007-06-28T10:22:00.000+08:00a lot of companies engage in sell and leaseback st...a lot of companies engage in sell and leaseback strategy, such as MAS ... it basically allows you to cash out and make better use of the cash elsewhere ... by leasing back, you will be able to match revenues with costs better... sell and leaseback works for steady revenue type assets, if its predictable and consistent ... why have a few planes on your books as they get depreciated in value, and at the end of the day you will have to sell and replace ... the strategy improves cashflow and better utilisation of cash...SalvadorDalihttps://www.blogger.com/profile/06868577716920232901noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-56591064327804568552007-06-27T20:53:00.000+08:002007-06-27T20:53:00.000+08:00is there any advantages of having a low book value...is there any advantages of having a low book value? (why sell assets out and rent back?)bOcyhttps://www.blogger.com/profile/05968383151684346053noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-66820034028490285902007-06-25T22:45:00.000+08:002007-06-25T22:45:00.000+08:00Agreed. Salvatore's investing idea is the business...Agreed. Salvatore's investing idea is the business model esp. the unique asset SapuraCrest is about to have.<BR/><BR/>Historical earning is not a good yardstick in this case. The Oil tycoon from his background will not stop until 25-30% shareholding. To think abt it, he also would not be too naive to buy in, if he have not had close door with the SapCrest Management. You need the owner blessing.<BR/><BR/>My bet is on marine support. Natural choice is Tanjung offshore and Petra.solomonhttps://www.blogger.com/profile/15373632232861592746noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-63574996724169657862007-06-25T11:26:00.000+08:002007-06-25T11:26:00.000+08:00sammy,yes but historical earnings u would not want...sammy,<BR/><BR/>yes but historical earnings u would not want to touch sapuracrest ... like i said before, why sapcrest, its the company's unique assets, if your read deeper and examine the assets within, they have a very interesting "capacity asset" which a company like Seadrill will be able to leverage enormously.SalvadorDalihttps://www.blogger.com/profile/06868577716920232901noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-22936197530914000062007-06-25T11:00:00.000+08:002007-06-25T11:00:00.000+08:00Market is expecting a stronger collaboration and s...Market is expecting a stronger collaboration and synergistic deal between both companies subsequent with the entry but it is yet to be seen. One should only view the stake acquisition more seriously for closer collaboration if Seadrill raises its stake beyond 20%.<BR/><BR/>It is worrying to see the continued rise in SapuraCrest’s trade receivables, which is about 75% of its FY07 revenue. SapuraCrest is pricey. Thus, investors have better options to consider other undervalued stocks like Pantech and<BR/>Perisai Petroleum. A PER of 14x on FY09 earnings that gives a target price of RM1.33.SAMMY MUhttps://www.blogger.com/profile/12062766815412328288noreply@blogger.com