POSH

POSH

Postby winston » Sat Apr 26, 2014 4:41 pm

not vested

POSH makes muted debut on SGX

PACC Offshore Services Holdings (POSH) made a muted debut on the Singapore Exchange on Friday. The counter closed the day at S$1.155 on Friday, just a touch above its IPO price.

SINGAPORE: PACC Offshore Services Holdings (POSH) made a muted debut on the Singapore Exchange on Friday.

The counter closed the day at S$1.155 on Friday, just a touch above its initial public offering (IPO) price.

The offshore oil services company -- linked to Malaysian billionaire Robert Kuok -- sold shares at S$1.15 each for its IPO, raising S$388 million.

The IPO is the biggest in Singapore so far this year, and the retail portion was about five times subscribed.

POSH operates a diversified fleet of support vessels for the offshore oil and gas exploration and production sector.

It is ranked one of the world's top five operators of offshore support vessels based on the number of vessels it owns.

The firm said it has about S$600 million worth of ships to be delivered up until the first quarter of next year, and has plans for further capital expenditure of another S$291 million.

Kuok Khoon Ean, chairman of POSH, said: “The pursuit for new energy resources still continues. Unfortunately, areas of access are getting less easy, further offshore, deeper oceans. Also, a lot of existing infrastructure requires repair and maintenance.

“Part of our overall strategy is to follow that industry trend and apply our resources and assets accordingly. That's why we have ventured into a major shift in deeper offshore assets and accommodation vessels, which we see a growing increase in demand."


Source: CNA
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winston
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Re: POSH

Postby behappyalways » Sat Oct 18, 2014 2:38 pm

Disclosure of Interest/ Changes in Interest of Substantial Shareholder(s)/ Unitholder(s)
http://infopub.sgx.com/FileOpen/Form%20 ... eID=318632
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Re: POSH

Postby behappyalways » Fri Feb 20, 2015 12:31 pm

PACC Offshore horribly misses targets with 27.4% profit plunge in FY14
http://sbr.com.sg/energy-offshore/more- ... ge-in-fy14
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Re: POSH

Postby behappyalways » Wed Dec 16, 2015 9:45 pm

PACC Offshore Services sees 4Q15 and FY2015 losses
http://sgx.i3investor.com/servlets/fdnews/56559.jsp
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Re: POSH

Postby behappyalways » Sat Feb 20, 2016 12:27 pm

PACC Offshore sinks into full-year net losses of US$131 million
http://sgx.i3investor.com/servlets/fdnews/58236.jsp
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Re: POSH

Postby behappyalways » Tue Feb 21, 2017 7:17 pm

POSH's 4Q losses more than double to $491 mil on impairments
http://sgx.i3investor.com/servlets/fdnews/66461.jsp
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Re: POSH

Postby behappyalways » Wed Aug 02, 2017 5:47 pm

pacc-offshore-2q-losses-halve-us91-mil
https://www.theedgesingapore.com/pacc-o ... e-us91-mil
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Re: POSH

Postby behappyalways » Wed Feb 21, 2018 11:43 am

POSH's 4Q net loss narrows but OSV market stays under pressure
https://www.theedgesingapore.com/poshs- ... r-pressure
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Re: POSH

Postby behappyalways » Tue Apr 03, 2018 6:13 pm

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Re: POSH

Postby behappyalways » Mon May 14, 2018 9:05 am

PACC Offshore’s 1Q net loss narrows to $9.6 mil on higher revenue and JV profit
https://www.theedgesingapore.com/pacc-o ... -jv-profit
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