Penguin International

[Bubbachuck]

I am trying to find out bit of the history and noted that Penguin spin off its shipyard arm for listing in Sesdaq in year 2007. Back then there were two listed entities by the name of Penguin Boat Limited (P13.si) and Penguin Shipyard Limited (P14.si). What happened subsequently, i cant find more information about delisting/intergration of both entities. Any buddies can share more on this?

The company was listed in 1997, and not sure it ever has separated listings?

The closer I knew, in 2007, the company had seriously considered to spin-off its PSI (Penguin Shipyard International) in Catalist board, but dropped the idea after due diligence.

I am not so sure on Penguin Boat Limited??

(vested, and a keen follower of the company)

Based on the statement they made on 15 Jan and the interview in the Maritime magazine, especially the positive notes mentioned by the MD and the very positive comment in the 15 Jan statement, the results of Penguin CANNOT be bad. With the 4th quarter thrown in, its EPS should be at least 4.5 cents... why then is the counter not active at all...

It's the beauty for us new investors. We had the chance to get in while nobody is covering about it yet and still flying under the radar. Happy to find this rare undervalued gem.