Shares & Derivatives
Marco Polo Marine: Drilling for higher income.
By A Singaporean Stockmarket Investor (ASSI)  •  February 27, 2014
I am going to take another trip down memory lane and this time to look at why did I invest in Marco Polo Marine. Then, I will look at the most recent development in the business. I first invested in Marco Polo Marine in the middle of 2012 when I spotted persistent insider buying. I got in at 31.5c and 32c a share. Since then, I have been accumulating. The highest price I paid was 42c a share and the last time I bought more of its stock was on 24 June 2013 at 37.5c a share. The combination of a few factors gave me the conviction to make Marco Polo Marine the largest investment in my portfolio: 1. Insider buying. 2. Chairman of the company has close to 60% stake. 3. A relatively consistent ROE of about 15%. 4. Timely emphasis on building a fleet of AHTS vessels. 5. Enforcement of cabotage laws in Indonesia......
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By A Singaporean Stockmarket Investor (ASSI)
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