Wolf Money(CH Offshore Ltd)

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(Image credit: CH Offshore Ltd)

The below article is for educational purpose only. Kindly refrain from taking any action. It shouldn’t constitute as an investment advice. Please read the disclaimer.

CH Offshore Ltd is an unusual position. It is part speculative and part fundamental. This company is in a net cash position with at least half of the market cap in cash. The company shares are trading at 50% discount to book value of SGD 3.2c. The rest of the assets consist of 6 oil and gas support vessels which are leased out to oil and gas companies. Based on the half-year results, they are marginally profitable. 

(The bulk of CH Off value, $39m as listed in the book)

The company recently undertook a huge rights issue. The money from the rights issue will at least give them more options to pursue more opportunities. To be very honest, the current business is not going anywhere. Baker Technology owns more than 55% of the company. This position is not for everyone, as small cap is subjected to more speculative trading. It is quite shiok to be buying million of a stock(number,not in value) 😃. No crazy money is involved. Support at 1.3c and 1c. 

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https://t.me/joinchat/oCgkD3sQFRMzMWM1



Disclaimers 

All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way whatsoever warrant or guarantee the success of any action you take in reliance on our statements. All information provided are for education only. Buyer beware,do you own due diligence.

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