Hopefully... all huat together... Alam, also same financial result out soon....revenue almost double than perisai.... but the price is 20 cents different.. also good counter invest.....
this counter will only moves when its rubicone secures a long term (ie at least a 1 year contract). Perisai draw most of its earnings from rubicone but surprisingly it wasnt renewed when the existing was due. Analysts are upbeat on Perisai though.
nasilemakseller, you should not feel scared after reading others' comments. Before you bought, I am sure you have done your own research into the counter and you must have a reason for buying in. If you have, then you should believe in your own assessment. Everyone have their own opinion and trading strategies. But you must a plan of when to cut loss and what target price to look for.
Again i reiterate, the downside risk of perisai lies on the rubicone. the rubicone ended its charter on september. I thinks its E3 also ended on september, x remember.
To date, the rubicone has yet to secure a long-term contract and the E3 also has yet to secure a firm contract (now on daily charter). Without these contracts, perisai's upside for now is limited as 60% of its earnings are contributed from the rubicone asset.
The Q3 EPS has rubicone's earnings, so not surprising to hv an improved EPS vis-a-vis the corresponding period. for now, its Q4 result could turn ugly.
Bigturtle.. that mean result of 4QFY13 or ..FY14 will drop significantly due to the contract expiration of E3 & MOPU... so, is it better to entry after result 4Q13..?
Yes u r right myky67. Until these two streams of income are running (FPSO is expected to be contributing by early next year whilst rubicone is still uncertain) with certainty, then re-rating is on the potential upside at 1.6-2.00.
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....
Master
200 posts
Posted by Master > 2013-11-08 22:42 | Report Abuse
Hopefully... all huat together... Alam, also same financial result out soon....revenue almost double than perisai.... but the price is 20 cents different.. also good counter invest.....