Last $0.48 SGD
Change Today +0.005 / 1.05%
Volume 658.0K
CHO On Other Exchanges
Symbol
Exchange
Singapore
As of 4:22 AM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

ch offshore ltd (CHO) Snapshot

Open
$0.48
Previous Close
$0.48
Day High
$0.49
Day Low
$0.48
52 Week High
08/1/14 - $0.50
52 Week Low
03/14/14 - $0.40
Market Cap
338.4M
Average Volume 10 Days
532.7K
EPS TTM
$0.04
Shares Outstanding
705.1M
EX-Date
11/4/14
P/E TM
10.6x
Dividend
$0.03
Dividend Yield
4.17%
Current Stock Chart for CH OFFSHORE LTD (CHO)

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ch offshore ltd (CHO) Details

CH Offshore Ltd, an investment holding company, provides marine support services to the oil and gas industry in South East Asia, the Middle East, the Americas, Africa, and Russia. It is involved in the ownership and chartering of vessels. The company provides various services to the offshore oil and gas industry, including offshore construction support; support services to offshore drilling rigs and installations, such as towing, anchor-handling, and supply of dangerous goods, as well as supply of deck, liquid, and dry bulk cargoes; and field support services comprising emergency response, rescue, fire-fighting, anti-pollution, etc. As of June 30, 2014, it managed a fleet of 15 anchor-handling tug supply vessels. CH Offshore Ltd was formerly known as Mico Line Pte Ltd and changed its name to CH Offshore Ltd in September 1990. The company was founded in 1976 and is based in Singapore. CH Offshore Ltd is a subsidiary of Raffles Nominees (Pte) Ltd.

Founded in 1976

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Executives, Board Directors

ch offshore ltd (CHO) Key Developments

CH Offshore Ltd., Annual General Meeting, Oct 17, 2014

CH Offshore Ltd., Annual General Meeting, Oct 17, 2014., at 10:30 Singapore Standard Time. Location: The Board Room, 390 Jalan Ahmad Ibrahim. Agenda: To receive and adopt the Audited Financial Statements for the financial year ended June 30, 2014 together with the reports of the Directors and the Auditors thereon; to declare a one-tier tax-exempt final dividend of 2 cents per ordinary share and a one-tier tax-exempt special dividend of 2 cents per ordinary share for the financial year ended June 30, 2014; to re-elect the Directors Mr. Tan Pong Tyea and Mr. Goh Boon Kiat; to re appoint the directors Mr. John Cheak Boon Heng, Mdm Joanna Young Sau Kwan and Mr. Peh Kwee Chim retiring under Section 153(6) of the Singapore Companies Act, Cap. 50, to hold office from the date of this Annual General Meeting until the next Annual General Meeting; to approve Directors' fees of SGD 195,000 for the financial year ended June 30, 2014; to re-appoint Deloitte & Touche LLP as Auditors and to authorize Directors to fix their remuneration; and to authorize the directors to issue shares in the capital.

CH Offshore Ltd. Reports Unaudited Earnings Results for the Full Year Ended June 30, 2014; Proposes Final and Special One-Tier Tax Exempt Cash Dividend for the Financial Year Ended June 30, 2014

CH Offshore Ltd. reported unaudited earnings results for the full year ended June 30, 2014. For the period, the company reported revenue of $35,137,000, profit before income tax and results of associated companies was $19,681,000, profit before income tax was $25,051,000, profit after income tax was $25,081,000 or 3.56 cents per diluted share against revenue of $47,819,000, loss before income tax and results of associated companies was $14,494,000, loss before income tax was $7,080,000, loss after income tax was $7,108,000 or 1.01 cents per diluted share a year ago. Net cash provided by operating activities was $25,588,000 compared to $15,067,000 a year ago. Purchase of fixed assets was $1,075,000 compared to $3,328,000 a year ago. Revenue declined 26.5% primarily due to two vessels secured bareboat charters during the first quarter of fiscal 2014. The company announced that it proposed final one-tier tax exempt cash dividend of 2.00 cents for the financial year ended June 30, 2014 compared to 1.50 cents paid a year ago. The company also proposed a special one-tier tax-exempt dividend of 2.00 cents for the financial year ended June 30, 2014.

CH Offshore Ltd. Reports Unaudited Group Earnings Results for the Third Quarter and Nine Months Ended March 31, 2014

CH Offshore Ltd. reported unaudited group earnings results for the third quarter and nine months ended March 31, 2014. For the quarter, the company reported Current third quarter generated a higher revenue of USD 8.968 million which was 9.2% higher than third quarter of 2013 revenue of USD 8.21 million. During the corresponding period, utilization rate was lower as two vessels were docked for their first mandatory surveys and inspection. Profit before income tax was USD 5,931,000 against USD 4,766,000 a year ago. Despite lower contributions from its associates during the third quarter of 2014, 9.2% higher revenue generated together with a 46.5% drop in cost of sales resulted in an increase in profit after income tax of USD 5.931 million, which was 24.7% higher than previous profit after income tax of USD 4.757 million. Net cash from operating activities was USD 9,346,000 against USD 5,457,000 a year ago. Purchase of fixed assets was USD 3,000 against USD 1,149,000 a year ago. Net asset value per share was 33.32 cents. Diluted earnings per share were 2.841 cents against 3.405 cents a year ago. For the nine months, the company reported revenue of USD 26,035,000 against USD 35,686,000 a year ago. Revenue declined 27%. This was primarily due to lower bareboat charter rates secured for two vessels which commenced their current charters on 1 September 2013 as compared with the higher time charter rates during the previous corresponding period. Profit before income tax was USD 20,022,000 against USD 24,055,000 a year ago. The 27% drop in revenue generated with lower contributions from the associates resulted in a lower profit after income tax of USD 20.03 million which was 16.6% lower than the previous corresponding nine months' profit after income tax of USD 24.007 million. Net cash from operating activities was USD 22,434,000 against USD 13,412,000 a year ago. Purchase of fixed assets was USD 1,076,000 against USD 1,152,000 a year ago. Diluted earnings per share were 2.841 cents against 3.405 cents a year ago. Net asset value per ordinary share was 33.32 cents.

 

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CHO Competitors

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Company Last Change
Farstad Shipping ASA 79.00 NOK +0.25
Global Offshore Services Ltd 479.25 INR 0.00
Gulf Navigation Holding PJSC 0.48 AED +0.019
Seabird Exploration PLC 0.95 NOK 0.00
Solstad Offshore ASA 82.50 NOK 0.00
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Industry Analysis

CHO

Industry Average

Valuation CHO Industry Range
Price/Earnings 10.5x
Price/Sales 7.5x
Price/Book 1.1x
Price/Cash Flow 8.1x
TEV/Sales 5.2x
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