Problem is who is gonna buy this stock with many debts & no work currently..?No one will give them contract cause of their current state.. That is basic of business..
MrRoy, no worry about debts. There will be ppl buying these debts. Have no fear. With USD 43m already settled and into Perisai coffers, and oil is Bullish and 14 years experience, have no FEAR.
Sumatec was a PN 17 stock b4. Now it came out of it. With oil so BULLISH, and coupled with many years in this industry, Perisai will shoot up 10 s easily
Perisai has good revenue 38m last Qtr, even in 2014 and 2015 when oil is BAD, Perisai revenue is 50m every Qtr then. So , Perisai still has many goodwill after 14 years in og industry. It will hit 10s soon
Yes, very true sir. But business volume , Perisai is far superior. Average revenue/sales per Qtr is about 40m . That means sales is good. Just had to be patient for Perisai to hit 25s again.
MrRoy..perisai is generating cash..they have cash flow from their fpso business. As for drilling..they perisai 101 on hire and actively tendering for usage of perisai 102. Their jack up rig is new and well equip. Highly desirable and will find a customer who will want to use it
I studied three stocks, Hibiscus , Sumatec and Perisai. All are good. Each one has their strength and weakness. But they have one common thing, ie Oil is BULLISH! Perisai is cheap and small share base, only 1.26b shares, USD 43 m settled already. Just wait for it to hit new high. Hibiscus is already running like a wild horse. Sumatec started moving ard. But Perisai will reached 10s first.
By Florence Tan | SINGAPORE Top oil exporter Saudi Arabia is expected to raise prices for all grades of crude it sells to Asia in February, tracking strength in the Dubai price benchmark and robust refining margins, traders said on Tuesday.
The official selling price (OSP) for flagship Arab Light crude could rise by at least 50 cents a barrel for February, a Reuters survey of four traders showed.
The respondents expect bigger price hikes for heavier grades in February, pushed up by the strongest fuel oil cracks in five years.
Arab Heavy's OSP could rise by as much as 90 cents to $1 a barrel in February, traders said.
The price hikes are "expected given stronger Dubai structure and stronger margins," one of the traders said.
He added that the contango spread between the first- and third-month Dubai crude prices published by price reporting agency Platts in December narrowed by 55 cents to 60 cents a barrel from November, an indication of a stronger spot market. The price of oil for prompt delivery is lower than those for future months in a contango market.
Saudi Arabia had committed to cut its production in January by 486,000 barrels per day (bpd) to 10.058 million bpd in an agreement among members of the Organization of the Petroleum Exporting Countries.
Still, the producer agreed to export more oil, above contractual volumes, to some Asian customers in January, opting to cut supplies to Europe and the United States instead because of higher netbacks in Asia, trade sources said.Saudi crude OSPs are usually released around the fifth of each month, and set the trend for Iranian, Kuwaiti and Iraqi prices, affecting more than 12 million barrels per day (bpd) of crude bound for Asia.
Saudi Aramco sets its crude prices based on recommendations from customers and after calculating the change in the value of its oil over the past month, based on yields and product prices.
ALSO IN CREDIT RSS
Twitter's China boss Kathy Chen quits after 8 months Twitter's China boss Kathy Chen quits after eight months Saudi Aramco officials as a matter of policy do not comment on the kingdom's monthly OSPs.
MrRoy, lots of research and reading on Perisai, Sumatec and Hibiscus. Lots of monitoring oil price in the world market. Also have to wake up in the early morning to study API and EIA reports. Have to monitor Dow Jones Index and its futures. So many things to do b4 making decisions to buy , keep and wait.
Sometime invest is not purely look at fundamental.. the trend also very important. Someone at hibuscus forum bashing the stock with so much details analysis saying it will down till 11 sen.. but now look at it now. So mr roy nothing is 100%. Jus give ppl some space to breathe n no need be so harsh
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Posted by B4b4 > 2017-01-03 09:58 | Report Abuse
Wait, Perisai will move up again today with high volume. It will cross 10s very soon.