Shares & Derivatives
Semb Corp Industries Full Year Results
By StockBrokerPlaysPoker  •  February 17, 2016
2015 has been a tough year for SCI, with oil bottoming near $30... earnings per share came crashing down by a whopping 34%. This is more or less in line with market expectation. Over the last 12 months, SCI has seen its stock price falling 40% from $4.20 to $2.53 The Marine segment was most heavily affected by the low oil prices as a number of customers defaulted/deferred on their oil rig deliveries. This led to a big write down of over 600 million which resulted into a full year loss of 176 million. I respect's management move in being prudent with their numbers by taking the big losses now rather than later, this no doubt confirms my choice of management by picking SCI over KC... I just wonder how KC managed to report a net profit in their marine segment this year? lol I was glad to ......
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By StockBrokerPlaysPoker
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