Posted by murali > 2014-12-06 11:15 | Report Abuse

The interest expenses is a certainty (RM70m+ a year) while the revenue expected to be generated from the new rigs is uncertain, especially during this moment,,when oil price is staying at USD60-USD70...any mismatch between their actual revenue and their financial obligations will be a great danger to Perisai.This has yet to take into the consideration of the potential rise in interest rate in the next 2 years. I personally see there will be further downside risk in it's share prices in next year.

Posted by vinoth > 2014-12-06 11:30 | Report Abuse

I agree. First half of 2015 is going to be tough. It will only recover after Perisai 102 (due to be completed in mid-2015) commences operation and after they can find charterers for Enterprise 3 and Rubicon. But the fact that the company is going through a rough patch is already reflected in the current price. If I am not mistaken, it has fallen the most among all the oil and gas counters (from RM1.60 to 50 sen).

Posted by murali > 2014-12-06 11:41 | Report Abuse

Price has retraced abt 70% from it's peak (around RM1.70) and it seems yummy at this moment. However, their results for the next 2-3 quarters shouldn't be sexy and I am expecting further selling pressure. Anyway, it's now under my watchlist and will see how the big picture goes (Oil prices, M'sia's economy). The recent sharp plunged in all our oil and gas stocks (Armada, MHB are trading below their IPO's price now while PCHEM once touched their IPO's price at RM5.05) are unseen before....Or can I say they are no longer enjoying the high PE valuations (20-30) and now have to keep up with their peers in the regional countries (PE below 10)

Posted by murali > 2014-12-06 11:49 | Report Abuse

It's now trading at it's 5 years' low of ard RM0.50. However, I am wondering if if would test it's historical low level of RM0.20+ at 2009. Good luck.

Posted by vews08 > 2014-12-06 12:10 | Report Abuse

Next week could rebound to 0.65. Buy for short term. Expect oil price stable over next two wk

Posted by vinoth > 2014-12-06 12:21 | Report Abuse

40 sen would be a more realistic bottom in my opinion, but that is just under the assumption that it will fall further. It may or may not happen. For all you know, the price might suddenly rebound. It could go either way.

Posted by vinoth > 2014-12-06 12:38 | Report Abuse

Much as I agree that the company is going through a difficult period, I doubt there will be further downside risks to its share prices next year because the current selling spree is caused not so much by the decline in earnings, but by the panic due to falling oil prices. Once oil prices stabilise, all the oil and gas counters will rebound. Thereafter, it is unlikely perisai will ever revisit current prices again, even with all its debts, as I believe that at 50 sen, most, if not all the negatives have already been factored in.

Posted by murali > 2014-12-06 13:49 | Report Abuse

If u don't want to miss it,buy some now....if it drops further,buy more.....

Posted by murali > 2014-12-06 13:56 | Report Abuse

Its all depending on oil price........if u think oil price will rebound soon then the current price seems reasonable after the recent sharp plunge...if u think oil price will go lower and may stay for a while then the worst has yet to come.....here I m referring to oil n gas counters as awhole....as for those with high borrowings then stay more cautious

Posted by murali > 2014-12-06 14:04 | Report Abuse

Perisail is likely to see red in next 2-3 quarters, we will only see a better day ahead from end 2015/2016.good luck.

Posted by annmix > 2014-12-06 14:56 | Report Abuse

murali is giving more realistic info on tp.. rather than stonenut shouting like a desperate housewife..mayb got burn until underwear gone.. for us who has capital to hold for long term. 50sen is a good buy.. if really drop till 40sen.. even better can collect more. rather than getting 4% 1 year FD, the return should hv be better with buying this counter

Posted by stonenut > 2014-12-06 15:07 | Report Abuse

After I real the comments, RUN KUAT KUAT! !! BOR CHOW SEE ARRRR! !

Posted by annmix > 2014-12-06 15:17 | Report Abuse

haha mayb u already *see* la.. many of us still alive n kicking ! poor thing

Posted by stonenut > 2014-12-06 16:02 | Report Abuse

Guys the real battle going to come..America shoot back saying still profiting at usd25 per barrel... saudi going to kick their arse at Usd40 testing the water...good luck!

Posted by vinoth > 2014-12-06 16:36 | Report Abuse

Very unlikely. $60 per barrel is a more realistic figure. Oil cannot be very far from the bottom now.

Posted by annmix > 2014-12-06 17:01 | Report Abuse

ok let them war and we wait for lowest price to buy...

Posted by murali > 2014-12-06 18:48 | Report Abuse

I think usd60 per barrel should be a good support..

Posted by beso > 2014-12-06 19:31 | Report Abuse

oil drop again so...

Posted by MultiBillionaire > 2014-12-06 20:09 | Report Abuse

Die

Posted by vews08 > 2014-12-07 12:46 | Report Abuse

Don't worry, will up next week

Posted by vews08 > 2014-12-07 14:15 | Report Abuse

Next week will up to 0.65 at least. Still confident with this counter. Buy 100 lot at 0.53 last friday

Posted by beso > 2014-12-07 15:43 | Report Abuse

next week below 0.50

Posted by vews08 > 2014-12-07 17:57 | Report Abuse

Hi beso, next week will up to 0.65

Posted by beso > 2014-12-07 21:26 | Report Abuse

i dont think so, 0.50 should be very strong support but it may stay for a while if not drop futher due to volume not cool down yet

Posted by jackypg > 2014-12-08 01:22 | Report Abuse

hi vews08 how u can know?next week up?now petrol price down

Posted by Explode > 2014-12-08 07:34 | Report Abuse

today gap up

Posted by rooney2u > 2014-12-08 07:42 | Report Abuse

Today gap down.

Posted by annmix > 2014-12-08 14:47 | Report Abuse

strong support at 52 sen today despite bad market

Posted by stonenut > 2014-12-08 17:27 | Report Abuse

Strong support? Kakakakaka

Posted by annmix > 2014-12-08 17:34 | Report Abuse

tat was when the time i wrote the comment.. it was holding strong at 52sen.. but well i bought at 5.05 later before closing so what ? no big deal, i can make anoher round of profit even up 1 cent.. no need to laugh at people. only people with no $$ are complaining becoz no $$ to buy at cheap price.

Posted by notcare > 2014-12-08 17:46 | Report Abuse

after falling for few days tomorrow is the day...

Posted by notcare > 2014-12-08 17:47 | Report Abuse

0.65 is unlikely for tomorrow, maybe 0.55..

Posted by annmix > 2014-12-08 17:54 | Report Abuse

lol im very happy if can climb 3 sen already.. 65 seems too over optimistic, stonut will laugh at u again

Posted by sheep > 2014-12-08 19:06 | Report Abuse

real shocker. dropped from 1.30 to 0.50. Hope selling over and strong support at 0.50

Posted by stonenut > 2014-12-08 20:58 | Report Abuse

Now waiting for falling samurai

Posted by annmix > 2014-12-08 21:13 | Report Abuse

got money to buy .. no worry still hv 250k. drip till 30sen also can

Posted by 1star > 2014-12-08 22:09 | Report Abuse

latest news! Oil price tumbles Monday as Morgan Stanley said crude prices could average as little as $53 per barrel in 2015,......jialat tomorrow wat will happen to our KLCI ????

Posted by annmix > 2014-12-08 22:25 | Report Abuse

mayb will crash like 1/12, can buy for technical rebound, but i guest wont be tat bad..still drop but not crash like 1/12

Posted by beso > 2014-12-08 22:57 | Report Abuse

crude oil drop，5%down tomorrow

Posted by sangharimau > 2014-12-08 22:58 | Report Abuse

Mati kudasai semua O&G stocks

Posted by vews08 > 2014-12-08 23:34 | Report Abuse

No need to worry. Kuwait petroleum said oil price to be stay above 65 dollar per barrel for coming next six months

Posted by gohlai > 2014-12-08 23:39 | Report Abuse

http://www.marketwatch.com/story/us-stocks-dow-poised-to-stay-below-18000-2014-12-08?link=MW_home_latest_news

Posted by annmix > 2014-12-08 23:45 | Report Abuse

5% down is okay. i will buy another 100k share for 46sen. collect every 10% down

Posted by stonenut > 2014-12-09 01:15 | Report Abuse

RUUUUUUUNNNNNN! 2% DROP OIL PRICE! TOMORROW RED RED!

Posted by Explode > 2014-12-09 07:00 | Report Abuse

collect more

Posted by stonenut > 2014-12-09 08:04 | Report Abuse

Run!!!! Today will fall like nobody cares. Us crude oil fall 3%. Tp for perisai 0.23

Posted by annmix > 2014-12-09 08:53 | Report Abuse

oil drop 4% and perisai price drop till 23sen ? lol what kind of trader mentality.. anyway worth laugh

Posted by Explode > 2014-12-09 08:58 | Report Abuse

stonenut two balls like nut

Posted by annmix > 2014-12-09 09:17 | Report Abuse

lol opened not as bad as expected.. hope it will sustained or else stunt no nut will come shout limit down or close down price again haha

Posted by stonenut > 2014-12-09 09:24 | Report Abuse

Ruuuuunnnnnnnnnnnnn below 0.50!!! Sell now while its high!