Philip ( buy what you understand)I don't really understand this logic. If you want to look at it this way, Based on quarter reports: their quarterly bank interest payment is 96 million ( 4Q is around 400m because they get very VERY favorable loan terms from banks).
Their profit from operations per quarter is 262 million (or almost 1 billion in profit from operations). On top of this they are borrowing for confirmed charters from enauta and parc which is a 15 year lease and being paid in advance to build the FPSO.
So what are you talking about? Care to teach me accounting?
Annual profit comes in AFTER you pay all the loans and expenses, then minus any taxes due.
>>>>>>>>
JKPTR YINSON 7293 SHORT TERM LOAN $2358m LONG TERM LOAN $5037m TOTAL LOAN $7395m @7% bank interest=$517m
annual profit hardly enough to cover interesAt payment.
another SERBADK OR SAPURAENERGY? 22/12/2021 9:38 AM
22/12/2021 11:06 AM
Philip ( buy what you understand)Your sifu Calvin already apologize to yinson management and say that yinson is a public company that is run well. Why don't you keep quiet and go back to buying netx.
>>>>>>> stockraider Memang benar loh!
Raider give u advance warning now loh!
U can chose to listen or refuse to listen loh!
Like Serba...Raider give 2 yrs advance warning...people refuse to accept!
Posted by Philip ( buy what you understand) > Dec 22, 2021 11:07 AM | Report Abuse
Your sifu Calvin already apologize to yinson management and say that yinson is a public company that is run well. Why don't you keep quiet and go back to buying netx.
>>>>>>> stockraider Memang benar loh!
Raider give u advance warning now loh!
U can chose to listen or refuse to listen loh!
Like Serba...Raider give 2 yrs advance warning...people refuse to accept!
Now truth is reveal it is already too late mah!
22/12/2021 11:18 AM
flytothemoontoo much borrowing is a death trap not appliable to all companies, also, banker not fool right? i think you try to borrow 1k from bank they also wont approve the loan
22/12/2021 11:25 AM
Philip ( buy what you understand)You are only half right. Too much borrowing is a deathtrap, if you use it for frivolous and risky things. But is yinson borrowing money to start a totally new business? Are they using it to speculate on stocks? No. They are using it to back contracts which will pay for half their ships, and they can break even on their loans within the first 2-3 years after production( based on their history of projects), and earn profit starting year 4.
>>>>>>>>>
Posted by stockraider > Dec 22, 2021 11:18 AM | Report Abuse
It is true mah!
Too much borrowing is a death trap mah!
22/12/2021 11:27 AM
stockraiderLook at your Serba u would have understand mah!
Posted by Philip ( buy what you understand) > Dec 22, 2021 11:27 AM | Report Abuse
You are only half right. Too much borrowing is a deathtrap, if you use it for frivolous and risky things. But is yinson borrowing money to start a totally new business? Are they using it to speculate on stocks? No. They are using it to back contracts which will pay for half their ships, and they can break even on their loans within the first 2-3 years after production( based on their history of projects), and earn profit starting year 4.
>>>>>>>>>
Posted by stockraider > Dec 22, 2021 11:18 AM | Report Abuse
Riaz1954Borrowing is leveraging…..besides in such capital intensive industry borrowing is the only answer.
24/12/2021 8:59 PM
Riaz1954Stock raider please do some research….and learn basic meaning of net profit. Sure if they had no loans it would be better, but in such capital intensive industry borrowing or raising capital via RI is the norm…check out other global companies in oil and energy sector.
26/12/2021 9:26 AM
flytothemoonoil drop yinson drop, oil up yinson also drop, no project yinson drop, got project yinson also drop
flytothemoondreaming, this share always shoot high and drop back very fast
31/12/2021 3:51 PM
MiaoMiao7The up and down is because for the past 2 years some projects were dropped and bids are retendered, thus the rollercoaster. Now that everything is stable and they won a few big projects, no more down.
flytothemoonluckily switched to Dialog, everyday red
12/01/2022 10:05 AM
flytothemoon2th switched to dialog already earned 10 %, yinson still drop everyday, rubbish vs good share
13/01/2022 12:41 PM
kl_guysomeone want to keep yinson below rm6.00. Just the volume but price not moving.
13/01/2022 6:27 PM
OldWiseMan100Today's buy rate is so high, crazy high, and the volume is crazy too. Someone or some fund kept on buying, but somehow the price doesn't go up.... weird.
13/01/2022 8:08 PM
flytothemoonkwsp and epf left to right, right to left only la
Why is bonus so important? do you know what is bonus? I dont understand why people are so into bonus, as if by dividing the shares one can multiple their capital.
17/01/2022 2:22 PM
flytothemoonany problem with ppl care about bonus?lol
17/01/2022 3:03 PM
kl_guyBrent Crude hit USD 87.52, when are yinson going to hit rm7.00
18/01/2022 11:37 AM
kl_guyKLSE then to like to fry counter up 1x the current price before bonus ex date. that why i ask .
2022 - Bidding Aker Energy’s FPSO Pecan in Ghana ( O&M only, no capital required ). Yinson is one of the three contractors currently in the fray for the Pecan FPSO project - Bidding Jadestone Energy’s Nam Du Minh and PetroVietnam’s Block B, both in Vietnam - Bidding Block 31 by BP in Angola ( Redeployment, no capital required )
2023 - FPSO Anna Nery is on track to be operational in 2023 in the Marlim field, located in Northeastern part of the Campos Basin. - Bidding TotalEnergies’s Chissonga, offshore Angola. - Bidding Maka by TotalEnergies’ in Suriname
2024 - Early of 2024, Yinson might exercise option to proceed or drop FPSO Enauta - End of 2024, PDB FPSO starts production
Note: Both the two proposals (rights issue and one-for-one bonus) are expected to be completed in the second quarter of 2022.
19/01/2022 11:09 PM
pinnaclegradehttps://fb.watch/aEQr2klvHs/ Interview with Lim CY from 4pm - 7pm
See this https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2022-01-03-story-h1596522438-Public_Watchlist_The_Star_Fund_Managers_Stock_Pick_for_Year_2020_Calvin.jsp
From what we know Yinson is asking for RM1.22 BILLION by Rights Issues made palatable with free bonus & warrant
If so good why ask so much money from shareholders by Rights Issues up to RM1.22 BILLION CASH? & veiled by bonus & warrant
With total paid up capital of Rm1.065 Billions it is about Rm1.14 per share (19 years of dividend at 6 sen to be given back to take up Rights, bonus & warrants)
Better go buy Stocks like TAANN OR BPLANT WHICH IS ROLLING IN CASH & GIVING OUT REAL CASH DIVIDENDS
Could be due to non recourse debt of which lender can seize assets (as collateral)
Yinson is showing financial distress by asking so much money. Is it due to over borrowings & razor thin profit unable to service loan now?
See https://www.quickenloans.com/learn/the-difference-between-recourse-and-nonrecourse-loans#:~:text=Nonrecourse%20debt%20is%20debt%20that's,property%20or%20money%20from%20you.
22/01/2022 10:32 PM
stockraiderPut it this way ...u need to differentiate between Perpetual Bond v Preference Share mah!..!
Legally Perpetual bond....is actual borrowing with no clear repayment or maturity schedule mah! As long they pays the interest when due...the perpetual bond have no expiry period loh! However....to avoid the perpetual bond....exist forever...sometime the investment bankers...sometimes set certain dates for review for potential redemption at the discretion of both borrowers or lenders say every 7, 10, 15 years loh!
Legally Preference share...or are actually equity.....they pay dividend instead of interest loh! Preference shares....can also be classified as liability when they are contractually redemption schedule period of the bond mah!
For accounting treatment of Perpetually bond & preference share....they both can classified as equity loh...! But for the portion due for redemption say within 1 yr....that is usually classified as short term liabilities loh!
During liquidation perpetual bond rank as liabilities whereas Preference share rank lower than liabilities loh!
For investors to assess the strength of balance sheet, it is preferably to analyse the perpetual bond as a liability, since u need to pay interest on it, although the bond is perpetual with no fixed term liablity loh!
For preference share assessment....it is preferably to analyse it as a liability if it has fixed period of redemption loh!
DO NOT BE CONFUSED MAH!
LU TAU BOH ?
23/01/2022 11:08 AM
stockraiderThey can call a "duck" as "chicken" loh!
But as an investors analysing the business potential u must not be confuse loh!
Put it this way ...u need to differentiate between Perpetual Bond v Preference Share mah!..!
Legally Perpetual bond....is actual borrowing with no clear repayment or maturity schedule mah! As long they pays the interest when due...the perpetual bond have no expiry period loh! However....to avoid the perpetual bond....exist forever...sometime the investment bankers...sometimes set certain dates for review for potential redemption at the discretion of both borrowers or lenders say every 7, 10, 15 years loh!
Legally Preference share...or are actually equity.....they pay dividend instead of interest loh! Preference shares....can also be classified as liability when they are contractually redemption schedule period of the bond mah!
For accounting treatment of Perpetually bond & preference share....they both can classified as equity loh...! But for the portion due for redemption say within 1 yr....that is usually classified as short term liabilities loh!
During liquidation perpetual bond rank as liabilities whereas Preference share rank lower than liabilities loh!
For investors to assess the strength of balance sheet, it is preferably to analyse the perpetual bond as a liability, since u need to pay interest on it, although the bond is perpetual with no fixed term liablity loh!
For preference share assessment....it is preferably to analyse it as a liability if it has fixed period of redemption loh!
DO NOT BE CONFUSED MAH!
Posted by SarifahSelinder > Jan 23, 2022 11:05 AM | Report Abuse
Alsvin dah la Yinson treated its perpetual bond as equity
Byk jenis perpetual bonds depending on d terms some r loan liabilities some r more akin to equity
