Triyards

Triyards

Postby winston » Tue Sep 11, 2012 5:17 pm

No indicative share price; depends on P/E peg

Peers are trading at about 10x FY11 earnings, and assigning a similar peg to Triyards would translate to a share price of approximately S$0.36.

However, the market normally looks at forward valuations, which yield an industry average of about 11x.

The group delivered an average of US$15.9m in net profit each year from FY09-FY11, but 1HFY12 saw a strong performance of US$14.5m.

A quick calculation based on 8x FY12 annualised EPS would result in a share price of about S$0.98.

We do not have a rating on Triyards.

http://www.remisiers.org/cms_images/res ... 11-OIR.pdf
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Re: Triyards IPO

Postby winston » Thu Oct 25, 2012 8:25 am

not vested

Newly listed oil and gas firm Triyards said its net profit for the year ended in August jumped more than five times to $44.1 million, helped by higher sales and additional production capacity at its shipyard in Vietnam.


Source: Reuters
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Re: Triyards

Postby behappyalways » Tue Oct 20, 2015 10:23 am

Triyards posts 2% earnings growth for FY15
http://sgx.i3investor.com/servlets/fdnews/54760.jsp
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Re: Triyards

Postby behappyalways » Fri Oct 21, 2016 4:46 pm

Triyards’ FY16 earnings down 34% to US$17.8 mil
http://www.theedgemarkets.com.sg/sg/art ... -us178-mil
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Re: Triyards

Postby behappyalways » Wed Mar 22, 2017 6:28 pm

Here's how the Ezra bankruptcy filing is impacting Triyards
http://sbr.com.sg/shipping-marine/news/ ... g-triyards
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Re: Triyards

Postby behappyalways » Sat Apr 08, 2017 8:23 pm

Triyards sinks into losses in 2Q after recording Ezra-linked allowance in doubtful receivables
http://www.theedgemarkets.com.sg/articl ... eceivables
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Re: Triyards

Postby behappyalways » Tue Jul 11, 2017 8:53 am

Triyards hits new low on loss warning, 3Q results delay
https://www.theedgesingapore.com/triyar ... ults-delay
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Re: Triyards

Postby behappyalways » Fri Jul 21, 2017 10:57 am

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Re: Triyards

Postby behappyalways » Sat Sep 09, 2017 3:11 pm

A good posting from d.o.g. from valuebuddies

RE: Triyards Holdings
This company was in trouble since before it was listed. Trade receivables have been over 180 days of sales every year except FY12. Furthermore, in every single year, more than half the trade receivables were unbilled, meaning that half the sales and profits being recognized were essentially imaginary. See my earlier posts on unbilled receivables in the thread on Ace Achieve Infocom. Anyone holding Triyards shares at any point in time was simply not paying attention. The shares have never been investable, period.

The FY2016 annual report is especially damning. Consider Note 10 on Trade Receivables. Of the US$170m of trade receivables on 31 Aug 2016, US$117m was unbilled. Obviously, an unbilled receivable cannot be overdue. Therefore, all the overdue receivables must come from the US$53m of billed receivables. US$41m of trade receivables were overdue by more than 180 days. That means that nearly 80% of the billed receivables were over 6 months late. So almost 70% of sales consisted of money that could not be collected because the clients had never been invoiced, and of the 30% of sales that had been billed, over 80% was overdue for more than 6 months. There is no way the business could have been operating normally.

The annual report was released in November 2016, and the shares traded as high as $0.315 in January 2017. So there was plenty of time to sell and avoid the crash to $0.08.

As usual, YMMV.

https://valuebuddies.com/thread-2351-page-7.html



triyards-calls-trading-suspension-overdue-loans-loom
https://www.theedgesingapore.com/triyar ... loans-loom
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Re: Triyards

Postby behappyalways » Sat Dec 30, 2017 9:32 pm

triyards-posts-full-year-losses-us162-million-reports-cancellation-two-shipbuilding-contracts
https://www.theedgesingapore.com/triyar ... -contracts
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