Swiber

Bought swiber at 1.89 despite downtrend, undervalued play. Going for long term investment.


Market Capitalization (US$) 622,944K
Revenue 66,772K
Earnings Per Share (EPS) 0.140
P/E Ratio 10.37

It has hit a 52 week low of 1.86 and from todays activity i can see it is quite resilient hovering at 1.87-1.90 at late afternoon. I am taking a big bet that the support at 1.86 will not be broken if broken i will be cuting loss at 1.83 at 3% loss. Small position to anticipating for the rebound

Swiber is expected to handle 500mil + project for yr 2009 and 2.05bil for the next 5 year. From its turn over since 2006 at 67mil, 2007 at 151mil, 2008 at 439mil and still counting.