this con company BOD unethical, more focus on issue more cheaper share to cash out and earn money. i will cabut after break even or small loss. Good luck
Directors must have very "good reasons" to diversify their business into more sectors 1. oil bunkering 2. investment holdings, trading in residential and commercial properties and managing of properties activities. 3. wholesale, distributor, retail sale for mobile devices, electronic products and other components for electronic applications.
NOSH still very low at 207,216,675 after the recent rights issue and share consolidation
No worries, lots of shares could be issued before NOSH hitting BILLION shares again if new business ventures lose money or need capital injection
According to EIA, global liquids fuel consumption in the forecast increases from an average of 99.4 million barrels per day (b/d) in 2022 to 102.3 million b/d in 2024, driven primarily by growth in China and other non-OECD countries.
lets go for upcoming AGM, and ask the BOD if high or lower oil price benefits the revenue of the company, before putting fantasy and syok sendiri statement here. I won't be suprised if higher turnover with higer net loss, which will be declared in Q4 financial result. Dont want to ride the train to Bushan...
More business diversification needs more funding Current NOSH is very low 207,216,675 shares only Can issue more shares for RI, PP, ESOS to raise more money or for asset and business acquisition.
Good for directors, will get more money from share issuance Sad for long term shareholders like john, dave, toney, etc, ,dilution to their shareholding equity %
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....
ChunWong93
604 posts
Posted by ChunWong93 > 2023-02-15 09:47 | Report Abuse
Global oil demand will rise this year by 2.32 million barrels per day. Very robust for oil bunkering business
https://www.reuters.com/business/energy/opec-raises-forecast-china-led-oil-demand-growth-2023-2023-02-14/