From Q2 16 QR, 1)there is RM127mil invested in subsidiary 2)Trade and receivable is increase 7.2% (is it huge for O&G & IT company) 3)Equity increases 86% 4)Long term debt equal zero 3)at price 0.24,is it fair and cheap to invest a)PE=2.9<10 b)P/BV=1.58<1.5 c)PEV/Ebit=7.3<8 (exclude 85mil from Ping, otherwise only 1.7) Based on above, sorry to say, don't know how fundamental to be calculated so that consider fair and cheap to invest. Can anybody show me, thanks
Hi Casperl Thanks for the good question raise. There are 2 companies acquired 1)Ping - upstream O&G which completed acquired (US$10 mil) on 30 June 2016 and contributed RM85.3 mil as mentioned by the Group managing Director (April to June 16 Crude Oil Price around US45 per barrel). Means DNex benefited from entering O&G Business at Low Crude Oil price period. 2)OGPC -RM170mil (RM33mil or 16% discounted from earlier deal crude price at US100 and above)which is a leading provider of equipment and services for oil and gas, petrochemical and power and general industries.The OGPC Group will contribute to a new stream of revenue for DNeX through sale of oil and gas related equipment and provision of engineering and technical support services. For detail of Company information please refer to the link as below:
Execellent wonder88, talk with data. We don't listen to those just talk with sense or feeling. Please keep writing if you have a good fundamental information to provide, we value you because we based on data to decide our investment
Hi Venfx Ping Petroleum is a private company, so far cant get any related information. DNex acquires 30% of the share through DNex Petroleum, completed on 30 June 2016. Since able to contribute RM85mil for the last Quarter, the cost of production per barrel should less than US30 (Assumption only) since the last quarter per barrel is around US45.
DNex bought into O&G during lwo oil price. Good deal. Now oil price at US$50/barrel. Wind fall for DNex.
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Posted by xiaoji > 2016-08-20 01:50 | Report Abuse
debt also increase & cash decrease significantly