as i write, the volume traded = 618k. ive not monitored other days - is this normal?

Booster rockets not working

The Co Sect pretend not to know the announcement procedure. Should it be the quarter in respect of which the dividend is paid or is it the quarter the div is actually paid or the quarter in which it goes ex.

I've personally become a victim of such announcement as I quickly react before the market does only to realise that I've been fooled. I'm going to call bursa on this.

I agree that prices should go beyond 10 - that's why I'm stubbornly holding on to my portfolio.

I've been in the market long enough to infer that sometimes big players use financial behavior & psychology to buy a good stock cheap or sell a worthless one expensive.

BTW - our earnings beat Petdag. To add insult to injury, they pay dividends - yet their share price is more than 3 times compared to Petron. Their PE is 16 times while ours hover around 5.5 times.

I can't figure out why!

john0909 Apparently it seems like petronm cashflow / receivable got affected (perhaps due to the petrol subsidize) hence the revolving loan of 240mil in...

I think you're right. The subsidy mechanism I understand is that if price of crude goes up then the govt will pay the petrol station operators & if crude goes south, then the operators will pay the govt. The govt as it is today is hard pressed for funds so that could be the receivables.

Looks like the booster rockets are not working as expected haha

Hello TakeProfits - this 3 sen dividend is misleading. It refers to the dividend paid on 25 Jun 2018. So it's no dividend. The Co has only 18m cash & 3 sen will amount to 22m.

Sorry to burst your bubble.

I hope the EPS will serve like booster rockets to drive the share price to the stratosphere.

I hope the share price tomorrow will do justice

john0909 what is that revolving credit - unsecured 240,000mil?

Just think of rev credit as a much bigger form of bank OD. Petron needs it as it's working capital has increased reducing "Cash flow from operations" by a whopping RM368m

Wow, wow, wow EPS > 30sen!!!

The price is holding up despite the market in the doldrums

xiong87 - This is my waterloo with my average cost @ 3.65, I'm sitting on massive losses. I'm personally worried that even at this level, the co has not stepped in to buyback shares.

However the quarterly dividends is like a balm that soothes the losses a little. If you want some excitement in life then go for more!

any new developments on the tax refund?

xiong87 How you all look at resolution 9 - to renew authority for the comp to purchase its own shares on 12 Oct?

Standard resolution. It's good to give the board the mandate because it enables the Co to buyback their own shares if in it's opinion it's undervalued

Looks like insider trading at play if results are bad. Have not announced yet there's a sell off

Looks like a bad quarterly awaits

Will it be a good day for capital gains? Waiting with bated breath

Yael Jasper Good news incoming, oh yeah ! -

I hope so but don't count the chickens before they hatch - you know how corporate maneuverings can sometimes surprise even the most astute players

This company is characterised by low dividends with low price. Now the results are pathetic. Myanmar expansion is further eroding cash flows.

for sure the results out just before/after close of trading today. The suspense is killing me!!

Past 3 quarters more impressive than petdag although on the decline

Waiting for the 2nd quarter results with much anticipation. I hope it does not fall way short of my rough expectation

should the advise be to buy, sell or do nothing before the results are released?

Stanley8 Guys, anyone know when is Q 3 result for petronm?

If the past is an indicator, then definitely next week.

KLK is trading at 24++.
Batu Kawan, trading at 17++, enjoyed current quarter profits, YTD profits, PE and dividend yield far better than KLK.

how's the outlook? break 1 or break 0.90?

I'm digging my heels in as I feel that this stock is worth a lot more

But on near term projection, will the profit margin higher than previous quarter when the crude oil price is lower? - Good question but I've proper answer except only to say that there are 2 opposing factors as mentioned earlier - increased spreads vs increased cost.

I'm actually more concerned about the transparency. I feel that Petron investors need proper disclosure as to which specific stations belong to this listed vehicle because theoretically, the management could perform backroom tricks to shuffle them around to our detriment.

BetorInvest - Although increase in crude prices will increase crack spreads which is positive for Petron's margins, I understand that it's a double-edged sword.

The cost of refining the crude goes up as well since the process entails consumption of part of the pricey crude that's being refined.

I'm just guessing at 27 sen.

The closest guess will win an all-expense paid trip around the world on board the Equanimity!

Last quarter EPS 26.7 sen. Anybody thinks that this quarter it will exceed 30 sen?

TQ Simon - how ignorant of me

I thought Euro 4 is a diesel requirement. RON 95 is petrol.

I attended the recent AGM & they showed a graph indicating that the crack spread increases with increase in crude prices. Hence a rise in oil price should be positive for petron.

At yesterday's closing, the PE was a mere 4.8!!! So rightfully there should be a lot of room for the price to increase.

The upstream production is NOT parked in Petdag so it's similar to Petron

The ship is slowly sinking

another poor performance

The absence of GST & the possibility of release from the najib tax charge may be driving up the price.

Maybe to settle the 0.5b najib tax, Magnum could contribute to Tabung Harapan a stipend.

Sardin - you're right on that point.

However there are structural issues of governance. The top management are naturally beholden to the Philippine parent co. In addition, (as per directors' report), they own large chunks of San Miguel Corp. Therefore they are incentivised to ensure that the sisters Petron Fuel Int & Petron Oil register more profits by a combination of picking up lesser that their share of expenses and more than their fair share of revenue.

Among others - Euro 5 upgrade & opening of new stations would consume about 600m & yada yada yada.

But here's the realisation.... Are you aware that about half the stations belong to the sister co PFI? Now here's the kicker ... PFI is wholly-owned by San Miguel

SimonLee76 Any highlights on yesterdays AGM?

Yes a disappointing realisation.

I think investors fear margin compression with price of oil on the rise & inability to raise the retail price of petrol

Vincent5525 Effective 601 without GST will be great news for Bjtoto - Never thought of that - TQ Vince .....YAHOO!

i did - why?

all the sites to share prices seem to be inaccessible but my remisier is singing some beautiful melodies

there may be (& I hope not) a black swan event after the election results are announced & the market becomes a total wreck.

The market as reported in the Star is jittery due to the impending elections. Lots of money to be made and lost. It's do or die.