Shares & Derivatives
My view on SembMarine’s Profit Guidance
By LetsGetRichTgt  •  December 2, 2015
As we know, Sembmarine issued a profit guidance for Q4 2015 stating that the quarter will likely see a net loss with the full year result affected accordingly. I'm vested in SCI, naturally this becomes a concern for me. I did some quick research on SMM. First ever net loss quarter for SMM This would be a first ever net loss for SMM. A quick check on their quarterly showed that SMM has always registered a profit for each quarter. I'm guessing a large part of this net loss is attributable to the reversal of profits pertaining to Marco Polo (either on a prudent basis or with consultation with their auditors on the accounting treatment). SMM closed $2.06 and is heading for trouble Looks like SMM will definitely open below $2 on Wednesday morning (3 December 2015) and possible heading to the $1.60-1.80 range. "I will ......
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By LetsGetRichTgt
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