Shares & Derivatives
Swiber – Revised Order Book with Major Project Win in Thailand
By Musicwhiz  •  March 18, 2008
By: musicwhiz Swiber today announced a major project win in Thailand. They have been awarded a conditional letter of intent (LOI) from CUEL Limited ("CUEL") for installation of platforms and pipelines in the Gulf of Thailand. The value of these services is estimated to be in the region of about US$50 million per year, and this will carry on for 5 years from FY 2009 till FY 2013. The full announcement can be read from Swiber's press release, so I won't embellish with more details here. What's important about this contract is that it represents (thus far) the longest contract which Swiber has signed to date, for recurring revenue. Read more...
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By Musicwhiz
Musicwhiz who is in his 30s is educated in accounting and works in the investment line (but not in a bank, financial institution, brokerage or fund house). He has a have a full-time job and investing is his side-line as well as passion. Musicwhiz is a value investor and his technique is derived from the teachings of Warren Buffett, Benjamin Graham and Phil Fisher. He incorporate all aspects of their investing style, and modify his value investing style to the Singapore market.

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