One can manufacture profits with creative accounting and dubious accounting standards. I've invested in some companies that have massive reserves accumulated over years of profitability. Shareholders however suffer with share price stunted and microscopic dividends.
Dividends is proof of real and not just paper profits.
Generous dividends is proof of real and large profits!
Kudos to the management of Allianz!!

Crack spread rising

Magic show taking place in the market now - it's called levitation

In the past, the final dividend hovered around 40-45 sen.

They've rightfully raised dividends in line with inflation and I belief wised up to the idea that this Co has the capacity to pay handsome dividends to compensate for the shortfall in market price due to lack of trading liquidity. Co being cash rich is good for shareholders but better if the shareholders themselves are cash rich. No strain on the cash flow or reserves to BK in appeasing shareholders but massive goodwill is generated. I hope other cash & reserve-rich companies like Petron can draw lessons from BK.

I'm rich! I'm rich!

Dividend announcement imminent - either today or tomorrow.
Hopefully generous. Need to fatten my pocket money.

I like it very much when management buys back shares - less dividends to pay, better ROE and EPS.

My take ... Crack spread certainly has a bearing on the fortunes of Petron, given that it has a refiner.

The spread plunged considerably in early July and was in negative territory albeit only for fleeting moments. However that is a one-size-fits-all generic curve.

Specifically for Petron, it appeared worst to have generated a negative gross profit.

Performance is down with continued losses. However the Public Relations is very good to dress up the losses to look like profit. Cerita banyak goreng saja.

Well done management!

Fellow academicians/analysts/investors - Hazard a guess as to the quarterly EPS or profit?

Come December - dividend announcement - the bigger of the 2 yearly dividend announcements - get ready to fill up your bank account

Don't you guys find this rampant issuance of options, the latest being for 19.1m shares disturbing?

A dividend play as market expecting a high dividend announcement come Jan.

Wow!! Kudos to the management. Great performance. Love the dividends!!!

Urgh! Should've taken the next bus

Come on - get on the bus!

TreeTopView
@sheldon, I don't want to get into this discussion too much as I don't hold the stock, however I'm bored this afternoon and saw your comment about BK not having any exposure to foreign debt.

I have to correct your statement, BK does have foreign loans , such as USD, GBP, AUD, JPY, EURO. and RMB.

Noted I stand corrected tq. However note 35 of the Ann Rpt only mentioned rather vaguely sketchily ... "The aggregate outstanding nominal value of the Ringgit Sukuk and Non-Ringgit Sukuk issued under the 2nd Programme shall not exceed RM1.6 billion (or its equivalent in foreign currencies)."

supersinginvestor

I said before n saying again...
US DOLLAR DEBT....

FYI I've combed through the accounts & I did not come across any FX borrowings

1 share for every 120. So if you've 1000 shares, then you'll get 1000/120 = 8 shares

Looks like it's fast becoming a penny stock. I bought for me and my poor sister. What should I tell her?

Their sales team are bums. The only thing of value in this company is the insurance license.

Heng Yuan should take precaution. Make sure that the chairs are bolted to the floor or else it would bring back memories of MICA AGM

Fellow investors, don't you think that whilst rise in interest rates may be bad in terms of fair value, the new cash flows form coupons, dividends & premiums will be able to invest at higher yields?

So rise in interest rates is a boon to the insurance companies.

Comments welcome

Yada yada blah blah blah.
Intellectuals, please tell us the bottom line.
Is the market for Petron shares on Mon 29 Aug going to ...
A. rise up like superbull
B. bounce up & down a little around where it is
C. drop despite all the huffing & puffing of a great EPS ?

An odd day for me. A day of mixed emotions. I'm firing away on 2 engines - Petron & Canone but some strong headwinds with B.Kawan!!

Ini kali lah!

Market spooked because our big brother sold-off a big chunk of shares??

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