Dear Friends/Investors of i3 Forum,
TOP 10 REASONS FOR BUYING CARIMIN PETROLEUM
1) AT 39 SEN CARIMIN HAS FALLEN BY 65% FROM ITS RM1.10 IPO PRICE.
BUYING CARIMIN NOW IS BUYING AT HUGE DISCOUNT TO IPO PRICE.
2) MARGIN OF SAFETY (see my full writeup https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/145533.jsp
That was then. Carimin gone up spectacularly.
My next write up was On Dayang & Naim
Dayang was then 68 sen & NAIM was only 50 sen
See
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/192789.jsp
And today Naim rose up to touch Rm1.00 for a chun chun 100% upside
All so happy. Naim did well because of the highest quarter profit ever registered by Dayang
To night Calvin wants to highlight
WHY PENERGY AT THIS PRICE OF 76.5 SEN IS STILL A MUCH BETTER BUY THAN BOTH CARIMIN OR DAYANG
Follow me as we Do an Investigations
To be continued... (Ok thank you for staying. now we continue...
Carimin, Dayang & Penergy are literal Commercial Commandos of the High sea - seeking, scouting & scouring for that extra barrel of Crude oil off shore of Trengganu, Off shore of Sabah & Sarawak where the Bulk of Crude Oil and Natural Gas are found.
And all Very Successful as Shown by Their HUGE JUMP IN REVENUE & Increasing Profits as well
Now let's take a Closer look at these Three Top Elite of the Elite Commandos
1) CARIMIN - the baby commando (Please go see Carimin latest Qtr)
Carimin has PPE & Investments of Rm119 millions
It has clean balance sheet. It is ok
2) Dayang the Taiko has Rm1.4 Billions in PPE(Property/Plant/Equipment)
But it has over Rm1 billion in borrowing
Plus it has liability in Perdana as Perdana going for restucturing due to its debts. It shall be Ok as Petronas wants Dayang to do well
3) Best is Penergy
Penergy has Rm319 millions in PPE & Investments
3 times in size of Carimin but about a quarter the size of Dayang
The Balance sheet of Penergy is also healthy as modest borrowings are backed by Cash/Assets and Investments
While carimin is now selling above NTA & Dayang near to NTA Penergy is still selling at over 25% discount to Net Assets
See again this QTR
fangyew
thanks Calvin , you are great !
2019-02-27 22:22