Swiber Holdings

[donmihaihai]

With only about 500 mil of order book left (ex the african project), Swiber only has about a year of backlog to survive. And with the liquidation news dragging down its reputation, winning new orders is going to be hard. If things pan out as what I am typing, Judicial management will still turn to liquidation in a years time, unless Swiber decides to layoff 70% of its workforce within this time frame to meet the dwindling orderbooks or does major asset sale of its vessels


If I were the small creditors in this loan deal, I will not agree to it and will demand my principal back or face my letter of winding up. It will be easier for the big creditor to take the rap and only get his principal back after a long time.

What will you do when your contractor is in JM? I don't know about you but I will find backup and cut them off asap. Oh yes, contract signed. But that doesn't mean I won't try.


Going after client for payment after JM happened is imo, lousy management. Suppliers have the feel of their clients. Whether highly leverage or not.
Same goes for loans. Why lend to highly leverage company? Because return is good. But risk is higher, so spread the risk. The question is not about the amount of loan but how big is the portion of total loan portfolio of the bank.
Is there a concentration of loan in a specific section in DBS? IDK, I am not looking.