Re: {LONGTERMINVESTORS} Aban offshore....Thread...
RAJESH DESAI
report atch.
11th-Nov-2011 11:25
Source: BSE
Aban Offshore - Receipt of Order from ONGC worth Rs. 285 Crores
Aban Offshore Ltd has informed BSE that the Company has received a Firm Order from ONGC for the deployment of jack-up rig Aban II for a period of 3 years. The total value of this firm order is approximately USD 57 million (equivalent to Rs.285 Crores). The contract is expected to commence during the first quarter of calendar year 2012.--On Tue, Nov 8, 2011 at 5:54 PM, RAJESH DESAI <stock...@gmail.com> wrote:
results atch.--On Wed, Jun 15, 2011 at 6:29 PM, RAJESH DESAI <stock...@gmail.com> wrote:
Gaurang Shah, Geojit BNP Paribas Financial Services is of the view that one can buy Aban Offshore with a price target of Rs 647 from a one-year time horizon.
Shah told CNBC-TV18, �It has scary memories for investors who would have possibly got stuck at Rs 1100-1200 plus because from there Aban Offshore has seen a one way down slip and there has been no respite. From hereon since the stock has corrected quite sharply we feel that the future growth of the company in terms of earnings also looks quite positive. That is why we have retained a buy on Aban Offshore. But however considering the delay in charter rates and the vessels lying ideal we have reduced our target price from Rs 690 to Rs 647. The positive that we look into Aban Offshore is, that Aban Abrahim has been deployed from this month onwards to Petrobas and this is likely to boost the operational profitability. The concern as far as two ideal vessel in form of Aban 5 and Aban 7 is going to continue for at least another 3-4 months which means effectively that these two vessels will start operating from second half for FY12.�
He further added, �The Company reported revenues, which was about 12% lower year on year compared to what it was earlier. Aban has also been able to repay a part of FCCB debt and going forward they are possibly hopeful that they will be able to repay the other. This repayment of FCCB is going to increase the financial burden on Aban Offshore wherein the redemption premium and other financial charges will come into effect so that might hurt the company at least from a short term point of view and the negative effect of this could possibly lay for at least one quarter, But considering the kind of correction we expect that from hereon the downside looks very limited and the charter improvement going forward would improve the profitability of the company. We have a buy recommendation on Aban with a price target of Rs 647 from a one-year time horizon.�
--On Tue, Jun 7, 2011 at 2:03 PM, RAJESH DESAI <stock...@gmail.com> wrote:
You are right in making this comment and this is one of the reasons why I am tracking this co.
I am attaching a few reports.--On Tue, Jun 7, 2011 at 1:41 PM, swaminathan subramanian <swam...@gmail.com> wrote:
The company is reported to have more than 2b$ in debts and two of
their rigs is not under utilization.
If this information can be correct, then one should excercise utmose
caution in investing in this scrip.
On Tue, Jun 7, 2011 at 1:35 PM, RAJESH DESAI <stock...@gmail.com> wrote:
> 3. ABAN OFFSHORE
>
> I am starting a new thread for each company I am tracking and shall post all
> updates in the respective threads. All members are requested to also post
> reports, views and updates in these threads.
>
> Safe Harbor Statement:
> Some forward looking statements on projections, estimates, expectations &
> outlook are included to enable a better comprehension of the Company
> prospects. Actual results may, however, differ materially from those stated
> on account of factors such as changes in government regulations, tax
> regimes, economic developments within India and the countries within which
> the Company conducts its business, exchange rate and interest rate
> movements, impact of competing products, acts of God and their pricing,
> product demand and supply constraints.
>
> Nothing in this article/report is, or should be construed as an investment
> advice.
>
> Aban Offshore sets sail as drillship Aban Abraham starts operations under
> 5-year contract
>
> Aban Offshore rose 1.59% to Rs 578.75 at 12:17 IST on BSE as the drillship
> Aban Abraham -- owned by a wholly owned step down subsidiary of Aban
> Offshore commenced operations under a 5-year contract with Petrobras,
> Brazil, on 5 June 2011.
>
> The company made the announcement during trading hours today, 7 June 2011.
>
> Meanwhile, the BSE Sensex was up 47.03 points, or 0.26%, to 18,467.14.
>
> On BSE, 1.85 lakh shares were traded in the counter compared with average
> volume of 1.72 lakh shares over the past two weeks.
>
> The stock hit a high of Rs 583.45 and a low of Rs 564 so far during the day.
>
> On a consolidated basis, Aban Offshore's net profit surged 286% to Rs 151.66
> crore on 12% decline in net sales to Rs 898.72 crore in Q4 March 2011 over
> Q4 March 2010.
>
> --
> EQUITY BULL
>
EQUITY BULL
EQUITY BULL
CA. Rajesh Desai
CA. Rajesh Desai
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CA. Rajesh Desai
RAJESH DESAI
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CA. Rajesh Desai
RAJESH DESAI
Reasons for sharp rise in Aban....pfa
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CA. Rajesh Desai
RAJESH DESAI
Hi Rajesh
well it is possible.
everyone needs oil, and you have got to explore for it.
their was a bit of a slowdown over the past 2 years;maybe, due to the unfortunate incident of BG.
So maybe the demand will pick up now.
Sector needs to be watched.
Thanks for the report.On Fri, Feb 3, 2012 at 2:07 PM, RAJESH DESAI <stock...@gmail.com> wrote:
It seems there is going to be an upsurge in demand for vessels of this co. I am attaching a report - Strong Uplift in Orderbook Prospects
Disc. I do not own shares of Aban--On Fri, Feb 3, 2012 at 1:51 PM, Mehul Ramaiya <meh...@gmail.com> wrote:How do we know what information they have?
May be they are in close touch with the company's management and have better industry related information.
As far as my personal opinion goes, i would avoid investing in this company based on the company's fundamentals.
On Fri, Feb 3, 2012 at 1:44 PM, rajinder sharma <cance...@gmail.com> wrote:Hi Mehul
does GS know a thing or two that we dont know?On Fri, Feb 3, 2012 at 12:23 PM, uttam jain <uttamja...@gmail.com> wrote:
Aban Offshore gained 2.1% after Goldman Sachs Investments Mauritius bought 1.02% stake in the offshore drilling firm on Thursday, 2 February 2012.
Foreign fund Goldman Sachs Investments Mauritius bought 1.02% stake or 4.47 lakh shares at Rs 504.25 per share of Aban Offshore through a bulk deal on the NSE on Thursday, 2 February 2012.
--Uttam
--"True Generalship Lies In Converting Sure Defeat Into Victory"
CA. Rajesh Desai
--"True Generalship Lies In Converting Sure Defeat Into Victory"
--
CA. Rajesh Desai