could anyone could comment about the perisai rig price, understand the build up cost is around 200 million USD. Mean the cost is raise ? is big hit to the company?
today also fasten up your seat belts,, dow jones up strongly,, when klci reach 1780,, then must decide sell or to hold it,, because of uncertainties in global market.. tq
tigerroar sorry i am already on the sideline n the only stock i am holding now is Pantech. I will bottom fish after the FOMC meeting on 17/9 & 18/9. Good luck
Dispose a few million share is nothing. No sign of exiting.. just normal xtvt by epf. 58 million share is big to dispose.. need big party to swallow .. don't simply panic .. i believe the price will be trading again in 4th quarter
Guys, take note. Perisai`s pipe laying ship`s charter contract with KencanaSapura just ended. Its Mobile Offshore Production Unit Rubicone contract will also end by the end of September 2013. These two assets were the ones bringing in the bread (so to speak). Even if MOPU (Rubicone) gets a new contract elsewhere, it will need 6 months downtime for relocation. So you guys must realise that Perisai`s 4th Quarter 2013 earnings will be heavily impacted. Its FPSO ( floating production,storage and offloading vessel) Perisai Kamelia can only come on stream next year together with its jack-up drilling vessel Pacific 101. So far, no contracts in sight. If I were to be you guys, I will wait for further developments before I commit to buying Perisai. If we are uncertain, the best thing to do is to lay off the counter until you see a clearer picture. In share investing just like a surfer, you do not need to ride every wave. Just catch one or two big waves and enjoy the long rides. Remember, with fixed overheads and periodical payments to be made for its new assets which are yet to start operations, cash flow might be a problem.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
hiddengem
1,186 posts
Posted by hiddengem > 2013-09-03 09:28 | Report Abuse
It is advisable not to chase after the bull, but to buy during bear mkt.