Klugman, I would not be able to say anything now. I feel bad if I mention the investors and if it doesn’t materialise, then it would be a disaster for many here who will be buying at this price. I have a big portfolio here too. Ultimately it boils to risk taking. However I am at a comfortable price of 23 cents and if it goes down in price I would be able to come out immediately.
Agreed Bro Agak and 13808. I have been buying and following this counter last 2 years. Seen their market cap grow from 20 mill to 100 million. I am sure it will touch 120-130 million by year end.
See no reason to sell short term. Price has been holding steadily strong. Selling in view of less than 20% correction isn’t investment, no more than a quick gambling.
Oil & Gas industry rebounded and with more activities at platform bases, it should help to propel Straits higher. 3rd and 4th quarter result should be good. This is good time to accumulate and hold, waiting only for Result announcement. Don’t miss the boat of this price correction period.
Straits is into marine bunkering. In terms of volume sale, oil price has minimal impact. Ship movements across Malacca Straits is the key factor for as long as there are passing ships, there will be a demand for marine fuel
Rumours mentioned there will pp in a month or two. Price will push up to 0.4 by end of the year. How true cannot confirm. Take own risk if one want to made money.
From Richard Ho, a director of the company, interview with Ship and Bunker magazine on 10 November, during which he said.
1. The company's intention to increase the number of vessels from the current two which will enable it to be the top bunker suppler in Malaysia and eventually worldwide.to OSV and any other vessels that require bunker fuel. 2..In 2018 to increase operation to three other ports namely Kemanan, Kuantan and Labuan Port. Currently operates from Pasir Gudang and Labuan 3. To expand overseas by acquiring foreign bunkering companies.
4. To build land based bunkering storage facilities.
With all these intentions in the pipeline, I think the price should be easily doubled.
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....
IkanMasinAlive
15 posts
Posted by IkanMasinAlive > 2017-10-24 19:43 | Report Abuse
Losing momentum and heading south. Good news better come soon.