me on board this vessel sailing in search of black gold

Hi. I have some. In for the dividend.

nice price up today, high +0.06c. Go RM1!

deleted

This post has been edited by ngwei2402: Jul 4 2009, 11:37 AM

Dear Sealinkers..

An interesting article. I wonder if Sealink is affected...

http://www.theedgemalaysia.com/business-ne...o-continue.html

KUALA LUMPUR: The economic downturn has hit shipbuilding hard, with new orders having contracted by up to 90% amidst increasing cancellations, which is likely to result in significant excess shipbuilding capacity, said the Organisation for Economic Co-operation and Development (OECD) in a statement issued form Paris.......


need to see sealink's coming quarter report..

Anybody received the dividend already?

yup, got it on last week.

Wah.. this moring its price surged up to 7 sen.

Going to post this here and the main forum.....

When you get to this link,

http://announcements.bursamalaysia.com/EDM...37?OpenDocument

it says that Sealink Proposed/Declared Dividend Per Share is 4.00sen.

But then when you read the report that is attached in that webpage, I attach it here, it does not declare any dividend for the current quarter in review. See note A8.

Is there a discrepancy here??

Update: Checked the main forum....Seems that ya, there is a discrepancy. Probably no 4sen dividend. That one already paid out for last year. This year one will probably declare at next year report.

This post has been edited by VyvernS: Aug 25 2009, 11:26 PM


Attached File(s)
 SIB_Quarterly_report_YTD0609.pdf ( 144.07k ) Number of downloads: 16

Sealink wins charters, vessel sale contracts

KUCHING: Miri-based Sealink International Bhd has secured contracts for two long-term charters of its offshore support vessels and the sale of a similar vessel to a foreign buyer. The contracts are worth a total RM58mil.

The charter contracts were awarded to wholly-owned subsidiary Sealink Sdn Bhd while the vessel sale was secured by Sealink Engineering and Slipway Sdn Bhd, another 100%-owned subsidiary.

One contract is for a two-year charter of a utility vessel, beginning this month. The vessel was built by wholly-owned unit Sealink Shipyard Sdn Bhd, Sealink said in a filing with Bursa Malaysia on Thursday.

It said the second contract was for a one-year charter of an offshore supply vessel, starting in September. This vessel is now being built by Sealink Engineering and Slipway.

The company said the sale of the offshore support vessel was expected to be concluded in the next three months.

“The (three) contracts are expected to contribute positively to the earnings and net assets of Sealink for the financial year ending Dec 31 (FY10),” it added.

Sealink, which owns two shipyards in Miri capable of building up to 17 vessels a year, now operates a diverse fleet of 33 offshore support vessels used mostly in the oil and gas industry.

The company, one of the largest tug and barge operators in Malaysia, plans to increase its fleet to 40 vessels by end 2010.

For the fourth quarter ended Dec 31, Sealink recorded a net profit of RM8.26mil on a turnover of RM26.1mil, down from RM7.97mil and RM42.3mil respectively in the previous corresponding period.

For FY09, its net profit was 13.5% lower to RM50.1mil as revenue dropped 18.4% to RM192.8mil compared with RM57.9mil and RM236.3mil respectively in FY08.