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2014-02-07 10:24 | Report Abuse
How anyone will know if the middle east contract is good or bad? just rumor mongers will know... sigh!!!
BTW with its expertise and experience, do not surprise if it gets more contracts in Malaysia eg Jphor Pengarang project ...???
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2014-02-06 14:01 | Report Abuse
I bought LA on better margin and huge 40Sen discount over 10 months to Nov 14 (to convert)
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2014-02-06 14:00 | Report Abuse
No insider ... Merely based on published news ... hope on skill and expertise of the management to get the contract (3 bidders?) ...
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2014-02-06 11:42 | Report Abuse
Assuming with Arab T&I contract of potential 50mil additional profit, total fully yr profit could be more than RM150mil. With 14x PE of a small-mid cap O&G and on a fully diluted EPS about 18Sen, target price is RM2.52.
Prudently on RM120mil (20% discount on RM150mil profit), target is RM2.02.
More aggressive stance say on 18xPE and EPS 18Sen, target price RM3.25 (wow !!!)
Buy if u think the T&I contract is coming ... better value in LA ...
Stock
2014-02-06 11:34 | Report Abuse
The term of RCULS:
1. redeem out of net cash (ie cant redeem if still have borrowing)
2. redemption starts after 1 yr from listing date
3. holders can opt to convert during the notice of redemption if any....
if the above if true, buy RCULs for its 40sen discount ...
Stock
2013-01-08 14:35 | Report Abuse
I switched to KFima... lower PE, higher yield and potential M&A with price below NTA.
Stock: [BARAKAH]: BARAKAH OFFSHORE PETROLEUM BHD
2014-02-10 11:01 | Report Abuse
Am buying more LA ... for the price gap of 45sen or 31% ...