Swiber cheap buy for Oil & Gas Play

Brought a small position into Swiber.... how i wish i have more fund to buy more.....

1 Oct 2012
SWIBER: Laggard In The Oil And Gas Play
www.nextinsight.net/index.php/story-arch...he-oil-and-gas-play-

Kreuz share price : S$0.375
Swiber share price: $0.645

Kreuz rise does benefit Swiber
Based on Swiber’s 2011 annual report, Swiber owns 63.2% of Kreuz. As of 25 Sep, after Kreuz’s meteoric 42% rise in three months, Kreuz’s market capitalization is around $209m.

Swiber’s market capitalization is around $393m, of which one third is attributable to Kreuz.

In other words, < Swiber’s business (ex Kreuz) is only worth approximately S$261m.>

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15 April 2013
SWIBER: Is 8% Drop In Stock Price Justified?

Kreuz share price : S$0.535
Swiber share price: $0.640

As a result, the investment community may be starting to warm up to Kreuz. Kreuz closed at $0.530, near its all-time closing high of $0.535.

Kreuz’s market capitalization is around $295m. Swiber’s market capitalization is around $383m, of which 44% can be attributable to Kreuz.

< In other words, Swiber’s business (ex Kreuz) is only valued at approximately S$213m. >

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Today 8 May 2013
Kreuz share price : S$0.620
Swiber share price: $0.615

Kreuz’s market capitalization is around $345m. Swiber’s market capitalization is around $375m, of which 53% can be attributable to Kreuz.

< In other words, Swiber’s business (ex Kreuz) is only valued at approximately S$177m. >

Interesting to take note that insider, Mr Yeo Chee Neng (Non-Executive Director) brought 303,000 shares on 19 April 2013 at around $0.608 per share.

Kreuz corrected after its results . Swiber followed suit.
Do you think that something could be not right?

erelation, you have scored well with this pick. I was about to get in today but the stock has scooted away. Yikes!

Thanks Abb.

Sold some today at 68.5 cents.... i think still have more stream to go higher... will buy back if it correct.

Cheers.
erelation

0.86 ocbc

0.91 cimb
Targets are pretty cool.