This counter is toxic waste in my portfolio. The bottom seems bottomless.

Short sellers (4.58m) exacerbated the fall. Picked up some not at the lowest price. Despite that I'll be waiting when they decide to square their position.

A big chunk of retail profit will be attributed to the evil twin sisters, Petron Fuel International & Petron Oil. How much? God only knows.

"Fortunately I SOLD ALL my Petron in batches...the last & lowest priced being the 2 lots @ $5.56 after the dividend went EX"

Dompeilee - most of us are turning green with envy. In fact I just caught a falling knife!

I wonder if people will believe me if I tell them that I was once rich

I'll be at the AGM.
I'll ask them ask them difficult questions that they won't be able to answer. Let them sweat it out for the pay they're getting hehe.

Sslee
Anyone going to Petronm AGM tomorrow?
Date: 16 June
Time 14:00
Type General: AGM MeetingVenue: Ballroom, Pullman Kuala Lumpur Bangsar,No. 1, Jalan Pantai Jaya,,Tower 3,,59200 Kuala Lumpur.,MY

wow - falling is big chunks

It's confirmed that I'm no longer on the Forbes' list

Bloodbath in Wall Street due to bad inflation data. Monday opening sure nosedive.

Still cum guys. Buy & you get 20 sen discount

What a ride! Never a dull moment.

Wow big players dumped a massive amount at 7.05 in a blink of an eye!!

Sslee - I read your proposed questions for the AGM and they're quite pointed. Some of the questions I had asked in the past myself like which petrol stations belonged to Petron & which to the evil twin sister but did not get a clear response. They should rightfully disclose such info in the annual report.
My concern and many in this chat is the 230m derivative losses.

We're aware that there are 2 companies sitting side-by-side. One is 100% owned whilst the other is about 70%++ owned, making the latter something of a step child. When derivative trades are done, it's quite easy I think to park the deals in one company or the other based solely on personal discretion and that is a serious concern.

What's DBT?

lionel messi
That was not a share buyback. More like a pre arranged DBT done at only one price.

Think about this ... The share price shot up in anticipation of a favourable quarterly results against the backdrop of better crack spreads & inventory gains etc. Then the price started a steep downfall to something reflective of the results even before the results were announced.

There's a term for such a phenomenon.

I wonder how the 100%-owned sister company had performed. I hope the external auditors are alert to any possible tricks to try to park profits with it and losses with the listed entity.

Compared to corresponding quarter, revenue increased 90% but EPS only by a paltry 3.4%. The 230m derivative loss is massive although I believe a big chunk is unrealised. Did a rogue trader contribute to this calamity?

Despite the leaping oil prices and the so-called improving crack spreads, the results are disappointing. Looks like the management lacked the caliber and could not seize the moment and make some windfall profits. The massive derivative loss implies that the traders seriously failed at almost every hand in the game trying to out guess the crude price trajectory. They were not mediocre but below mediocre.

Noted that Johnzhang - tq.

On that conviction I managed to buy, break out in cold sweat and sell - all within 1 trading day, pocketing something more than pocket change!

Despite the tiny dividend, the Co in all fairness has made up with this massive 100k share buyback.

Johnzhang - i think and mainly HOPE that your point is valid - dump the shares to force margin players without deep pockets to sell, further aggravating the downward pressure so that the profiteers may pick the shares up for a song.

I hope I got that right.

Caught 1k yesterday & the knife sliced right through my fingers like hot knife through butter! I still have some more bullets.

Things are looking good. CPO Futures prices are through the roof today 24 May. Results are in line with expectation. If you consider the latest EPS of 80.3 & extrapolate to a year = 3.21. This is the highest annual (projected) EPS BK had ever registered. Perhaps they could've declared a much higher dividend than 20 sen.

Don't forget the 20 sen dividend going ex on 20 Jun

Wishing & hoping it'll fall more as I'll be there to catch it. Bottom fishing time.

What a ride! WooHoo!

Having said that, I've paid the price for this pleasure - sitting on very large losses for several years

At current prices, Petron still appears seriously undervalued in comparison with similar stocks. Why?

PE are as follows : Petron = 8.145; Heng Yuan = 26.9; Pet Dag = 39.437

Tq for your time & efforts supersinginvestor.

Interim dividend announcement anytime

supersinginvestor
@sheldon
Thot u so negative about petronm
Wat happened?
Lol

I was justified with shares trading at single digit PEs, low dividends & several other real or imagined issues, some of which I had raised with our watchdog. But money talks and all's forgotten when the share price skyrockets. Now we smoke peace pipe.

Time to open my Dom Perignon 1959 vintage!

Banyak orgas

I've been holding Petron for a long time - sitting on massive unrealised losses. I felt that the share price severely underperformed relative to its fundamentals. So I used to hound the board to declare bigger dividends - all fell on deaf ears.

Now it's beautiful music. As for how long it'll last, no one knows. My demands are simple - that I'll not be left without a chair when the music stops.

So the steep fall in commodity prices is affecting the share price. Despite that the management would have hopefully locked-in future prices at much higher levels. The results for at least 2 quarters should be nothing less than awesome.

What the management could do to get the attention of the investors and prop up the share price is to declare an equally awesome dividend.

Anyone knows if Myeg applied for a Fintech license?

Based on past trends, I've noticed that Petron is quick to rise & remains lofty for brief moments & then falls steeply. Let's hope that this time it's different.

Ini kali lah !!

Whewiiiiitt!!!

Looks like today's the day

A lot of thunder. I'm waiting to see the rain.

Some things in life just doesn't make sense.
How can Heng Yuan trade at PE >17.5 while Petron at PE 5.6?

Anyone has any idea as to the amount of ESOS outstanding.

How come nobody's saying "OMG!"?

There's something strange in your neighborhood, who you're gonna call? Ghostbusters !!
When your tank is empty, where do you go? PetronM !!

Putting it mildly, it's going to be a pleasant weekend!

How's our sick underperforming patient doing?

Don't forget that there's a 20 sen dividend within the share price.

You probably do - I'm an ex-KJ & existing Canone shh.

Despite my comments, I think no one can arrogantly fire & forget or rest on one's laurels. Think Kodak & Nokia. How long can the Batu Kawan party last?

I've been buying & selling this counter for sometime. More buying so a net gradual accumulation. My earliest recorded trade was a buy @ 8.2 & a sell @ 9.52 - gives you a rough idea as to the timeframe (all after Christ btw).

This Co was making quite a profit every quarter but paying modest dividends. Imagine someone with a healthy appetite, eating away but hardly going to toilet ie constipated. Eventually he's going to grow big albeit sideways! haha.
There was a time it hovered between 17-20 & I was puzzled as to why no one was paying any attention despite a suppressed price.

Then with covid, the price went further south. I used up my ammo to pick up some more bargains.

It still looks somewhat undervalued in my opinion - thanks to lack of trading liquidity. I'm no guru btw.

Phewitt!! If ever there's an example of the term "my ship has arrived" - this is it!!!

I've no idea what James Bond message is all about. Can anyone enlighten?

I just passed by the outlet at hartamas.

Packed with people. Never seen such a crowd in the shop before. Maybe the pent up demand?