Posted by phyrexia > 2013-12-18 10:30 | Report Abuse

ok..mr iamguy..i just hate ppl who insults me. i dont usually quiet myself ^^

Posted by Jack Knight > 2013-12-18 10:37 | Report Abuse

look at wat happened to genius sufiah yusof

Posted by Jack Knight > 2013-12-18 10:38 | Report Abuse

phyrexia, jus ignore him

Posted by phyrexia > 2013-12-18 10:40 | Report Abuse

ok i'm cool ^^

Posted by invest2mil > 2013-12-18 12:19 | Report Abuse

Target price : RM1.650 !

Posted by Jack Knight > 2013-12-18 12:25 | Report Abuse

it will get there. just a matter of time ^^

Posted by insyaallah > 2013-12-18 12:37 | Report Abuse

Its time to buy now!

Posted by tsurukame > 2013-12-18 13:17 | Report Abuse

Posted by invest2mil > Dec 12, 2013 07:13 PM | Report Abuse
Target price : RM1.700 in short term !!!

Posted by Jack Knight > Dec 13, 2013 09:57 AM | Report Abuse
some news to share:

http://www.theedgemalaysia.com/in-the-edge-financial-daily-today/267147-perisais-fpso-starts-work.html

Posted by invest2mil > Dec 15, 2013 07:11 PM | Report Abuse
TP : RM2.000 +++

Posted by invest2mil > Dec 18, 2013 12:19 PM | Report Abuse
Target price : RM1.650 !

Hmmm ..the Target price by the same person seemed to be gyrating UP and DOWN like a YOYO from Dec 12 to Dec 18 but the Edge Malaysia is very CONSISTENT in STATING TP@ RM 1.36...today the Target Price is the lowest @ RM 1.65 but way above Edge TP @ RM 1.36.

Is this a reflection of the syndicate' lack of confidence in achieving the high target price of first RM 1.70, RM 2.0 and now RM 1.65?? Whatever it is, there is a CONSISTENT pattern and the CONSISTENT pattern is CONFIDENCE is slowly but surely receding and abating by the same author as the TP had DROPPED TO LOWEST TP @ RM 1.65 in a period of 6 days!!!

All experienced Investor will indeed be wondering why is this person actively promoting a TP that YOYOed in 6 days exhibiting Lack of Consistent Confidence ?

What is the CATALYST that will drive UP Perisai price to hit the low TP of RM 1.65? There is no CATALYST at the Moment as the NEWS had already been announced.

Hmmm...Is this a PLOY to OFFLOAD Shares to UNSUSPECTING NEWBIES knowing that EDGE TP@ RM 1.36 has more followings??

Posted by Jack Knight > 2013-12-18 14:32 | Report Abuse

wow u really got a lot of free time writing so long all d time lol

Posted by tsurukame > 2013-12-18 14:52 | Report Abuse

I think FAST, I research FAST, I conceptualize FAST, I pen my thoughts FAST...

Was ist Das Problem Herr Knight? U think everybody like you, need to take long time huh???

Posted by tsurukame > 2013-12-18 15:11 | Report Abuse

HA...I do detect lots of ANXIETY, NERVOUSNESS , JITTERY in your laughter...R U very worried that the majority of PERISAI investors will lose patience having entered at above 1.51 and decided to cut out at 1.51 and below??

How sure r you that EDGE MALYSIA TP @ RM 1.36 will not be achieved in due course?? What will your PAPER LOSS be then?

Will PERISAI achieved the 3 Target Dateline by Jun 2014??? R U confident it will achieve all 3 Target dates on time? What is their track record in achieving target datelines? Why did the share price dropped from 1.70 to 1.26 before achieving a temporary recent high of RM 1.57?

What will happen to the share price if management misses all 3 or 2 or 1 out of 3 datelines. Will the price go down to 1.36 and perhaps below to 1.26???

Posted by cristiano7mu > 2013-12-18 15:17 | Report Abuse

the recent dropped to 1.26 is due to the contracts expire for rubicone and E3. You can ignore E3 contribution cox 50% was sold and another 50% will sell to Ezra too. While rubicone they still looking for contracts

Dont worry bout these 2 contracts expired because the new FPSO kamelia just started this month and its revenue and margin is better than E3 and rubicone.

Analyst is targeting higher TP because they have factor in the contracts for the new Jack up rigs coming 2H14 and FY15.

So why worry so much. If perisai is not confident they wouldnt order 2 jack up rigs.

Posted by tsurukame > 2013-12-18 15:23 | Report Abuse

EDGE Malaysia has this info as well and their TP is only RM 1.36..

Posted by cristiano7mu > 2013-12-18 15:44 | Report Abuse

because the 1.36 alliance bank and maybank below 1.3 havent factor in the jack up rigs.

if u do ur own calculation exclude the E3 and convert the remaining 50% from E3 into 100% kamelia then u will know why some higher TP.

Posted by Jack Knight > 2013-12-18 15:47 | Report Abuse

tsurukame, no need the flattery here. if u are doing well in the stock market, there's no need to showing off here. i believe there are many others in this forum whose portfolio n trading had performed very well also in 2013. Myself have a good harvest too.

i need to stress on this here, i'm not associated with anyone & i don need the publicity here for ppl to buy perisai. i NEVER use other nicknames/accounts for politicising for any matters so don't associate me with those ppl, ok? it's peoples' choice for buy/sell any stocks. there's a limit for one's patience so please be respectful for others when u are commenting here.

Posted by Jack Knight > 2013-12-18 15:51 | Report Abuse

i am bullish on perisai. i just wanna ask u tsurukame, if u are so bearish on perisai, why are u always here & keep promoting ppl to buy scomies? yea u can express ur negative views on perisai but not to be too excessive at times as if u are against some individuals here for a revenge or some sorts.

Posted by Jack Knight > 2013-12-18 15:53 | Report Abuse

a person is defined by his/her actions not by wealth

Posted by Jack Knight > 2013-12-18 15:54 | Report Abuse

treat people nicely, don't mock others

Posted by tsurukame > 2013-12-18 16:46 | Report Abuse

A person is defined by his/her values in life...by his/her dear ones, by his/her friends, by his/her peers and by society...please don't mock others with uncalled for comments, "spitting on thee as if you are the Lord and king in this forum" and if you persist on your disrespectful & disdainful behaviour I shall rain on you as long as you Jack Knight lives in i3 forum and persist in your disrespectful behaviour, condescending attitude , disdainful conduct until you learn the true virtues of Asian Values to be humble, polite, respectful, non condescending and be at peace with yourself.

If you choose henceforth now to turn over a new leaf ..we can learn to have mutual respect and to live and to let live.

The choice is yours, Herr Knight..

Posted by Jack Knight > 2013-12-18 17:04 | Report Abuse

who's in the first place asked me to gargle with whisky n swallow it? speaking of being rude!

Posted by insyaallah > 2013-12-18 17:11 | Report Abuse

Guys dont mock each other, tomorrow will be happy!

Posted by cristiano7mu > 2013-12-18 17:31 | Report Abuse

tsurukame - u tak suka u keluar? haha

Posted by tsurukame > 2013-12-18 17:36 | Report Abuse

I had the best of intention to cure your phlegm problem n if one has lots of phlegm then one can conclude that ones throat is already infected n the best cure is to gargle whisky to kill off the germs.Is that good intention rude?

Whatever it is I had extended my good intentions to solve your phlegm problem. But what I got in return was mocking response..such as spitting on me with your phlegm and my message to you is please learn the virtues of Asian values...others may fear u coz u r Hr Knight but please hear this loud n clear...

" Hr Knight, I fear thee not"

Posted by tsurukame > 2013-12-18 17:47 | Report Abuse

Anyone in this thread who had invested in early 2009 n held on or sold recently would have done very well. It is quite challenging now to identify gems which will be winners in the future years. If I were u I will not be too overtly influenced by tapering issues n it's effect even if there indeed is tapering , it will be very much muted going forward.

Posted by invest2mil > 2013-12-18 21:22 | Report Abuse

Today nice closing RM1.500 !!!

Posted by invest2mil > 2013-12-18 21:27 | Report Abuse

人在股市中是不值钱的 !!! Human is worthless inside share market !!!

Posted by invest2mil > 2013-12-18 21:37 | Report Abuse

0047 PERISAI 1st target price : RM1.650 !!!

Posted by invest2mil > 2013-12-18 22:13 | Report Abuse

Friday, 29 Nov 2013

6:06PM MERCURY PACIFIC MARINE PTE LTD (2,620,000 Shares Acquired)

Thursday, 28 Nov 2013

5:30PM MERCURY PACIFIC MARINE PTE LTD (5,780,000 Shares Acquired)

Wednesday, 27 Nov 2013

5:14PM DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
5:14PM MERCURY PACIFIC MARINE PTE LTD (1,600,000 Shares Acquired)
5:13PM Dato' Dr. Mohamed Ariffin Bin Hj. Aton (15,000 Shares Disposed)

Posted by tsurukame > 2013-12-18 22:58 | Report Abuse

Invest2mil,
Please understand King Lear's word of Wisdom which aptly describes you.

"You are not worth the dust which the rude wind
Blows in your face."
- William Shakespeare, King Lear, 4.2.30

"I fear I am not in my perfect mind."
- William Shakespeare, King Lear, 4.7.63

Posted by Orson Chin > 2013-12-18 22:58 | Report Abuse

i'm waiting ur going to fly...i'm waiting ur going to fly...

Posted by tsurukame > 2013-12-18 23:02 | Report Abuse

Orson Chin,
You bought at 1.58...Hear the words of wisdom from King Lear

"Is this the promised end?"
- William Shakespeare, King Lear, 5.3.265

Posted by phyrexia > 2013-12-18 23:27 | Report Abuse

tsurukame,

sorry for being rude this morning. whether u would accept my apology or not its justifiable as for my action was really unacceptable. and I do owe you an apology.

Posted by phyrexia > 2013-12-18 23:29 | Report Abuse

good night everyone..its been like 1-2 day observing perisai non stop..really need some sleep now

Posted by tsurukame > 2013-12-19 11:32 | Report Abuse

christiano7mu,
You seem to know alot on the financial forecast figures and assumptions used in deriving at the TP as per the various reports.

For the benefit of fellow i3 participant here,please advise as follows:

I have assumed that you had performed a detailed analysis on the assumptions used by EDGE, MAYBANK and CIMB Reports? If yes, please advise the similarities and differences.

What is the forcasted Earnings per share in 2013, 2014, 2015 for EDGE, MAYBANK and CIMB Reports? What are the assumptions used to derive at specific EPS figures in 2013, 2014,2015 by EDGE,MAYBANK & CIMB Reports?

What is the basis in deciding on the PE value from EDGE,MAYBANK and CIMB Reports?

Why are the Target Prices so different? What was the rationale used to derive at the TP?

What are the % EBIT Contributions from the different Assets that Perisai currently and in future will acquire? How will this assets contribute to Top & Bottom line figures in 2013, 2014, 2015

Thank you for your advise on the above questions which is very much welcomed

Posted by tsurukame > 2013-12-19 14:52 | Report Abuse

The Risk of Blindly Buying on HIGH Target prices@INSTACOM

08/8/2013: RHB recommended INSTACOM with TP@ 46 cents
30/9/2013: RHB recommended INSTACOM with TP@ 51 cents
28/11/2013: RHB recommended INSTACOM with TP@ 31 cents

In a span of almost 2 months the TP had gone down by -39.22%. Instacom price now is@26 cents and is BELOW all Target Prices. Instacom Highest price for year was 41.5 cents.

Many retail investors who BLINDLY chased up the price were BURNT. The fact remains that Instacom share price did not hit TP@51 cents.

CONCLUSION: High Target price is a Lure to suck in unsuspecting retailers who generally are the most financially incompetent investors in BURSA compared to the financial investment skills of the financial houses. It is a fact that Retailers are always SUCKERS for and VICTIMS of High Target prices

Posted by tsurukame > 2013-12-19 15:19 | Report Abuse

PERISAI TARGET PRICES BY VARIOUS RESEARCH HOUSES

14/11/2013 Alliance TP @ 1.36
14/11/2013 HLG TP @ 1.49
14/11/2013 HWANGDBS TP @ 1.55
14/11/2013 KENANGA TP @ 1.42
14/11/2013 MAYBANK TP @ 1.25
14/11/2013 RHB TP @ 1.58
14/11/2013 TA TP @ 1.86(down from 2.02 on 15/7/2013)
19/11/2013 RHB TP @ 1.62
11/12/2013 ALLIANCE TP @ 1.36(same as on 14/11/2013)
12/12/2013 CIMB TP @ 2.51

Hmmm... The TP varies WIDELY.. from 1.25 to 2.51

Which research houses has the most reliable TP for Perisai? How reliable is the Most Reliable estimate? Any ideas from any fellow i3 participants here?? Can the HIGHEST TP @ 2.51 ever be reached? Is the High Target Price a LURE to suck in unsuspecting Newbies to chase up the stocks whereas the Syndicates will offload the shares to the gullible unsuspecting Newbies?

Posted by invest2mil > 2013-12-19 16:22 | Report Abuse

Dear tsurukame, thank a lot for your research and detailed information.

Posted by cristiano7mu > 2013-12-19 16:30 | Report Abuse

Q:I have assumed that you had performed a detailed analysis on the assumptions used by EDGE, MAYBANK and CIMB Reports? If yes, please advise the similarities and differences.
What is the forcasted Earnings per share in 2013, 2014, 2015 for EDGE, MAYBANK and CIMB Reports? What are the assumptions used to derive at specific EPS figures in 2013, 2014,2015 by EDGE,MAYBANK & CIMB Reports?

A: Full year contribution – OSV~60m, Rubicone ~80m, E3 ~60k, 1 full year top line contribution from the FPSO is about RM200m

Edge dont forecast they just publish research report so I dont know which report r u referring to.

Quote Maybank - "Our forecasts are unchanged. We expect a substantially weaker 4Q13, dragged down by the non-extension of its E3 pipelay barge and MOPU charters." they assume no contribution from the jack up rigs and Kamelia “Our forecasts assume a 180/150-day charter for the MOPU/E3 units in FY14”. Take a look at Maybank forecast in November, 2014F is RM150m only. FPSO alone is already more than their forecast.
Maybank TP derived from FY14 while CIMB always look far ahead to FY15 which already factor in the full year FPSO and 1 jack up rig at least. Current daily charter rate for a 300WD jack up rigs is around USD165k.

Q: What is the basis in deciding on the PE value from EDGE,MAYBANK and CIMB Reports?
A:PE value – Maybank 14x, CIMB 15.8x, the industry average is around 12-15x.

Q: Why are the Target Prices so different? What was the rationale used to derive at the TP?
A: already explained above

Q: What are the % EBIT Contributions from the different Assets that Perisai currently and in future will acquire? How will this assets contribute to Top & Bottom line figures in 2013, 2014, 2015
A: sorta explained above too and look at CIMB research report (PDF) for their further breakdown in page 2.

In short, Maybank TP from 2014 but without kamelia and jack up rigs, CIMB TP from 2015 with full year kamelia and 1 jack up rigs. To me E3 is insignficant at the end of the day because EOC limited has a call option to acquire the remaining 51% in E3 owned by Perisai.

Did I missed anything??

Posted by invest2mil > 2013-12-19 18:47 | Report Abuse

The 1st resistance of 0047 PERISAI will be RM1.700 !!!

Posted by invest2mil > 2013-12-19 18:48 | Report Abuse

Tomorrow or next week 0047 PERISAI uptrend momentum will continue !!!

Posted by invest2mil > 2013-12-19 18:52 | Report Abuse

KWSP will continue accumulating more PERISAI shares !!! Stay tune for show time !!!

Posted by phyrexia > 2013-12-19 20:55 | Report Abuse

double thumbs up!

Posted by tsurukame > 2013-12-19 21:26 | Report Abuse

"It is the stars,
The stars above us, govern our conditions."
- William Shakespeare, King Lear, 4.3.34

"Give me an ounce of civet, good apothecary, to sweeten my imagination; there's money for thee."
- William Shakespeare, King Lear, 4.6.120

Posted by tsurukame > 2013-12-19 21:31 | Report Abuse

"Mend your speech a little,
Lest it may mar your fortunes."
- William Shakespeare, King Lear, 1.1.97

Posted by phyrexia > 2013-12-19 22:04 | Report Abuse

Men must endure
Their going hence, even as their coming hither:
Ripeness is all.

Posted by tsurukame > 2013-12-19 22:30 | Report Abuse

PERISAI is still undergoing consolidation after the run up to high of RM 1.57 on 12/12/2013.

The 5 Black candles for the past 5 trading days imply continuation of Bearish downward pressure and bearish sentiment. If further price weakness continues, price will trend down towards NEXT support@ RM 1.48

Posted by invest2mil > 2013-12-19 22:37 | Report Abuse

PERISAI has strong support at RM1.500 !!!

Posted by tsurukame > 2013-12-19 22:59 | Report Abuse

"It is the BIG SHARKS,
The BIG SHARKS above us, govern our conditions."
- Tsurukame

Big sharks if want to collect more will Sell to you at strong support for maybe 5 or more days. Every retailer become very confident and thereafter very hot on strong support ...buy aggressively thinking price will UP....yes 1.50 was very strong support

Next moment the strong support becomes "MIRAGE"...can't see it anymore
Retailers who bought "strong support at 1.50" on contra start to panic and strong sell fast to cut loss

Price will retrace to next support at 1.48 and the whole sequence repeats until a true bottom is formed when the big sharks are already full.

Strong support at 1.50 MAY NOT be FINAL BOTTOM...
Lest you think it not...EPF is indeed a BIG SHARK in BURSA...
BIG SHARKS will buy at the LOWEST PRICE POSSIBLE and sell to you at the Temporary HIGH PRICE which they shall decide on..

A LITTLE INFO on EPF Buying IS INDEED VERY DANGEROUS..

Posted by tsurukame > 2013-12-19 23:20 | Report Abuse

REVIEW OF INVESTMENT PERFORMANCE ON 19 Dec 2013

Sold Perisai @ RM 1.56 , Bought SCOMIES @ 73 cents

SCOMIES close UP @ 77.5 cents --> Unrealized GAIN (+6.16%)

PERISAI close DOWN @ 1.50 --> LOSS(-3.85%) from RM 1.56 level.

BUY Price Perisai @ RM 1.43. Realized gain of +9.09%

ADDITIONAL Unrealized gain of (+6.16%) with SCOMIES

CONCLUSION
Investor who did not sell at 1.56 has realized capital loss of -3.85%
Investor who sold at 1.56(1.43 buy price) and bought Scomies (buy at 73 cents) has realized gain of +9.09% + Unrealized gain of +6.16%

Posted by cristiano7mu > 2013-12-19 23:45 | Report Abuse

I am in since early of the year because of the 2 jack up rigs and full year contribution from kamelia. read my respond to your questions?

Why bother to waste your time and effort bad mouth about this stock and brag about how good you are buying in scomies? Any good to you? Why perisai? why not sell Hibiscus buy skpetro and go on and on with all buy xxx sell xxx.

If you have sold perisai then move on dude no need to show off about how great you are here. Spent your precious time to look for next gem rather than looking at the past.