Dear Friends, Investors & Traders,
OGSE & NFCP Stocks are both CYCLICALS. Cyclicals are stocks which move up like a ferris wheel in its upward & downward cycles
When these have jobs in their seasons they will do very well. And out of season without sales they will suffer badly
Take planting durians and planting papaya fruit for examples. A papaya tree bears fruit all the year round while the durian trees only bear fruit once or twice a year
So an owner of a papaya plantation will always have fruit to sell. This type of business is like TNB & TELEKOM. They both will have perennial income because consumers use them every single day
Not for OGSE or NFCP Stocks. OGSE only good when Brent Crude Price is high and Petronas decides to spend more monies in exploration for more oil. So OGSE Stocks like Carimin, Uzma, Dayang & Penergy will do well. But after Brent crude weakens and there is already surplus oil then there will be a slow down of OGSE Job awards from Petronas
In that case we must sell these OGSE Stocks early and not over stay. So Calvin thinks OGSE Stocks like Carimin, Uzma, Dayang & Penergy are rich in prices and all should now take profit. (Final decision is yours) However, for OGSE supporting entities whose prices are still low there will still be upside. Calvin likes Scomies & Destini. Scomies because its mother Scomi needs money and doing a capital exercise in Scomies to extract cash to help pare down Scomi high debt
This is good. As CEO still holding 1.8 Millions Scomies shares bought at 10.5 sen and if there is a cash payout he will benefit as well as we who own Scomies shares. All 3 of these Calvin owned before = Pm Corp, Rcecap & Dutaland had capital exercises and later gave cash payouts. Only in Rights Issue or Private Placements Companies ask for monies. In share consolidation they usually do the opposite. They consolidate to wipe of past losses from book value and then give a cash payout.
As for Destini it has just received a fresh 5 year job from Petronas
See
DESTINI BERHAD (“DESTINI” OR “COMPANY”) LETTER OF AWARD 1. INTRODUCTION The Board of Directors of Destini is pleased to announce that Destini Oil Services Sdn Bhd (“DOS”), a wholly-owned subsidiary of Destini, had on 20 September 2019 received a Letter of Award from PETRONAS Carigali Sdn Bhd (“PCSB”) for the Pan Malaysia Umbrella Contract for the Provision of Integrated Well Services for Intervention, Workover & Abandonment for Petroleum Arrangement Contractors (PACs) (“Contract”). 2. SALIENT TERMS OF THE CONTRACT The salient terms of the Contract are as follows:
(i) The contract to be executed between PCSB and DOS pursuant to the Letter of Award shall commence on 20 September 2019 and shall expire on 19 September 2024, unless extended or terminated in accordance with the terms and conditions of the Contract;
(ii) The Contract does not constitute any commitment by PCSB to guarantee any minimum quantity of works to be performed by DOS. Any instruction for the works shall be made on a call-out basis through the issuance of work order by PCSB;
(iii) DOS shall provide PCSB an irrevocable and unconditional first call Bank Guarantee, in the amount equivalent to 5% of the work order value, issued by a local commercial bank operating in Malaysia and acceptable to PCSB, within 60 days from the date of the work order; and
(iv) DOS shall provide PCSB with a Parental Guarantee duly executed by its holding company or principal within 60 days from the date of the Letter of Award, 20 September 2019. 3. INFORMATION ON PCSB PCSB, a wholly-owned subsidiary of Petroliam Nasional Berhad (PETRONAS), is a leading exploration and production (E&P) company taking on increasingly challenging projects to bring new oil & gas supplies to the market. PCSB was incorporated in Malaysia under the Companies Act, 1965 on 11 May 1978 and has its registered office at Tower 1, Petronas Twin Towers, Kuala Lumpur City Centre, 50088 Kuala Lumpur, Malaysia. The principal activities of PCSB are the exploration, development and production of oil and gas.
This Announcement is dated 9 October 2019.
Let's look at this contract
Pan Malaysia Umbrella Contract for the Provision of Integrated Well Services for Intervention, Workover & Abandonment for Petroleum Arrangement Contractors (PACs)
Pan Malaysia UmbrellaContract
Umbrella contract. Related Content. An over-arching contract of employment (either express or implied), during which time the worker is ostensibly engaged in a series of individual contracts. Under the umbrella contract, continuity of employment is preserved even where there are gaps between the individual contracts. the Letter of Award shall commence on 20 September 2019 and shall expire on 19 September 2024
In other words this contract lasts for 5 years even though there might be gaps where there is no active jobs being done.
So
Well Services for Intervention, Workover & Abandonment for Petroleum Arrangement Contractors
Now this job is not just for End of Life Well Abandonment like Uzma got for decommisioning 22 Oil Wells
It abandonment the Wells are completely dry and the OIl Platform will be dismantled & removed from the sea to prevent other ships from knocking into it
Workover meaning
SUMMARY OF KEY FINANCIAL INFORMATION
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
30 Sep 2017
|
30 Sep 2016
|
30 Sep 2017
|
30 Sep 2016
|
||
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
1 | Revenue |
24,734
|
32,846
|
24,734
|
32,846
|
2 | Profit/(loss) before tax |
-71
|
1,773
|
-71
|
1,773
|
3 | Profit/(loss) for the period |
-183
|
1,635
|
-183
|
1,635
|
4 | Profit/(loss) attributable to ordinary equity holders of the parent |
-277
|
1,646
|
-277
|
1,646
|
5 | Basic earnings/(loss) per share (Subunit) |
-0.12
|
0.70
|
-0.12
|
0.70
|
6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.6778
|
0.6791
|
Created by calvintaneng | Aug 30, 2024
Created by calvintaneng | Aug 30, 2024
Created by calvintaneng | Aug 29, 2024
Created by calvintaneng | Aug 28, 2024
Created by calvintaneng | Aug 23, 2024
Created by calvintaneng | Aug 22, 2024
Simply cook up a stock for him to dispose for profit. Really selfish and cunning fellow!!!
2019-10-20 21:40
I totally disagree with Calvin this one. One should not dump Carimin & Uzma so easily. But I agree still can add on Redtone as proven by increasing earnings. NETX is definitely a big NO.
2019-10-21 10:15
I feel you're too over in posting NETX which I am always feel penny stock is risky. I believe you have influence a lot people to buy it but however please take in mind you will cause a lot people losing money too if the share does not raised but drop back to 1 sen. Don't be silly if you can't give guarantee return. "Please buy or sell after doing your own due diligence" is stupid and irresponsible.
2019-10-21 10:58
lol...KYY said his portfolio as below :
DAYANG - 80%
UZMA and CARIMIN - 10% each
hahahahah
siapa punya betul?
2019-10-21 17:17
Lol. Sell gems and buy junk? Please think twice if you want to Follow this Holland king
2019-10-21 17:40
Ignored the fortune teller's with endless stocks recommendation throughout the years . More to come one after another . Roadside snakes oil NO:1 promoter .
2019-10-21 22:00
win-win
OTB said already, NETX is speculating counter, beware guys!
Posted by Ooi Teik Bee > Oct 20, 2019 3:30 PM | Report Abuse
I wish to challenge you that the growth of Oil And Gas maintenance players performance will be good for next 2 to 3 years. It will be good until at least 2020/1.
I had done my homework many ... many times, I wish to debate based on facts and figures.
I do not have any insider information, all information I gathered is from quarter result or report.
Look at quarter result performance as follows :-
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5...
Let me know is my homework correct or not.
All technology stocks are running ahead of fundamental, PER cannot be used to value the stock price.
Look at Netx quarter result performance as follows :-
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=0...
I will definitely will not buy this type of stock.
All readers, please do your homework, you should understand why I wish to challenge him.
Thank you.
Ooi
2019-10-20 18:32