Baker Tech

Baker Engineering's website has gone live today:

http://www.bakerengineering.com.sg/proje...ect-a3001/

Baker Engineering has commenced on the construction of a state-of-the-art Liftboat, the BEL320-4R200S Liftboat in our shipyards in Singapore.
...
Delivery of the Liftboat is scheduled for 2nd quarter of 2016.

http://www.bakerengineering.com.sg/engineering/

BEL Design develops all of Baker Engineering’s mobile offshore unit designs. The BEL320-4R200S Liftboat is the first of our Liftboat designs in the pipeline to be completed.

BEL Design has also developed Liftboat designs with 412ft and 450ft of trussed/lattice legs; the BEL412-4T206S and the BEL450-4T206. Both designs are of the 4 legged type with electric rack and pinion jacking systems with a 300MT deck crane installed at the aft of the Liftboat. Both designs have a variable deck load of 3,500MT and accommodation for 206 personnel.

BEL Design has also developed a design specifically for the offshore wind farms, the BEL352-4T80W Wind Turbine Installation Vessel (WTIV) with 352ft of trussed/lattice legs. The BEL352-4T80W has a variable deck load of 3,500MT and can be equipped with a 1000MT around the leg crane. This WTIV has an accommodation for 80 personnel and can work in water depths of up to 65m.

CEO exercised another 2 mil warrants @ 14.5 cents today:

http://infopub.sgx.com/FileOpen/_eFORM1V...eID=313408

This bring his total interest to 48.26%

This one almost same timing as BT, even the specs for the liftboat also seems close, contracted to be sold at US$90 mil each.

EVERSENDAI ACHIEVES PREMIER MILESTONE IN BUILDING OF SELF- PROPELLED JACK-UPS

http://announcements.bursamalaysia.com/E...50019394D/$File/Eversendai%20Press%20Release%20-%20Premier%20Milestone%2002102014.pdf

The first steel-cutting ceremony, held at Eversendai Offshore’s yard facility, which
spans across a land measuring approximately 200,000 square metres with 550
metres of quayside, marks the first major milestone for the 2 new build self-propelled
jack-ups respectively named ‘Aryan’ and ‘ Arjun’, scheduled to be delivered in 2016.

...

Tan Sri A K Nathan concluded, “We remain committed to making a name for
ourselves in this industry and we recognise there is a huge demand for self-propelled
jack-ups on a global scale.

...

(02-09-2014, 07:41 PM)smallcaps Wrote: CEO exercised another 2 mil warrants @ 14.5 cents today:

http://infopub.sgx.com/FileOpen/_eFORM1V...eID=313408

This bring his total interest to 48.26%

no wonder he keep giving himself generous special dividend.

CEO exercised another 11 mil warrants @ 14.5 cents today:

http://infopub.sgx.com/FileOpen/_eFORM1V...eID=319391

This bring his total interest to 48.88%

http://www.bakerengineering.com.sg/news/

Strike Steel Ceremony

The strike steel ceremony marking the construction of the BEL320-4R200S Liftboat (Hull No: A3001) was held at Baker Engineering’s yard in Singapore on 7 November 2014.

The BEL320-4R200S is the first in a line of state-of-the-art liftboats designed by BEL Design Pte. Ltd., a wholly-owned subsidiary of Baker Engineering. Baker Engineering was pleased to welcome staff members, personnel from ABS and well-wishers to witness the steel cutting ceremony on this exciting day.

Mr. Tan Wee Lee, Managing Director of Baker Engineering commented that “this is a significant milestone for Baker Engineering as we believe that this state-of-the-art liftboat design is what the industry needs”

Benety Chang exercised another 4.8m warrants

http://infopub.sgx.com/FileOpen/_eFORM1V...eID=323644

Am I reading this wrong or did the CEO today exercised warrants for 2 lots of shares?
I understand he might be quite near the boundaries of the creep rule but seriously, 2 lots? Make me wonder if there was some sort of misunderstanding involved here...

http://infopub.sgx.com/FileOpen/_eFORM1V...eID=325192

Another 16 lots worth of warrants exercised today by CEO:

http://infopub.sgx.com/FileOpen/_eFORM1V...eID=326105

I expect Bakertech to give special dividends due to it's huge cash pile.

Look at last year FY results, the EPS is 2.29 cents, but it still declared special dividend of 4 cents.

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So this year I expect it to declare special dividend of perhaps 2 cents + 1 cents dividend = 3 cents dividend. Hope I am correct