Swiber - company update Sep 07

After the quarter 2 result which
Revenue: 1H Y-o-Y growth: +220%
Net Profit: 1H Y-o-Y growth: +280%
Swiber announced following news.

06 Sep - Swiber acquires AmClyde M-80 offshore derrick crane for US$53.13 million. The derrick crane will be one of the largest heavy lift cranes in the Asia Pacific region with a maximum lifting capacity of 4,180 tons
30 Aug - Swiber continues fleet expansion with acquisition of four vessels for US$70.6 m
24 Aug - Swiber successfully places inaugural bond issue for S$108.5 million. Proceeds will be used to finance Swiber’s fleet expansion programme
22 Aug - Swiber Appoints New Vice President for its Floating Production Systems Business

I went through the annual report, recent announcement and news flow. I think this is a good company. They aspire to be top EPCIC specialist in Asia Pac and management is taking serious steps to achieve it. Buy on dip. Accumulate across different period.