So You, you let your losses slide to almost 50% loss? Why didn't you cut loss earlier? Oil prices won't go up anytime soon and it takes a long time for downstream providers to recover. Your money will be trapped there for quite some time if you don't cut loss now.
Hi WiseEye, yeah initially I thought it can go back up to the 30cent lvls..but it kept dropping..My fault in overlooking it too..Huhu..paper loss now 40 percent...Im thinking to cut loss but it looks painful :(
Thanks Joel..looks like destined cant cut loss... as of today -50%,,,but to comfort myself lucky its only 10k units i brought..if more than that cant sleep dy..
Gohlai, So You and Maximun. and others- what you think. If it burst RM0.15 then it could to go to par or less as cannot see the share placement taking place where offer is in excess of market value (0.165). Without placement then cannot buy vessels to reduce costs which will be critical now oils price dropping. Light oil below $60 and heavy oil heading there - oil companies likely cut back investment plans until price increases - maybe end of 2015 as OPEC say not going to intervene which I expected. This means work for oilfield contracts will dry up with DAYA not reaching target sales volume but will carrying high costs - not good outlook. News projecting low utilisation next year. Also DAYA has added distraction of serious litigation claim see Company Announcements on webpage 28-11-20144. SMB claiming Damages in the amount of(RM134,000,000), + (RM153,000), + RM84,000 +Compound interest +other Costs. Who stop deal with SBM - was it mazlin or joon or board?? doesn't look so smart now? Somebody shoul d lose jobs?? if lose SBM case then price maybe go to RM0.10 (or forbid less) as will have to pay claim from greatly reduced revenue and utilisation. . Should we have guessed something when mazlin left in a hurry, maybe coincidense.. Should keep shares or sell?? - May be temporary recovery but not optimistic. Is it time to buy in or will it get worse. Can it get worse?? What's the view??
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) will review all existing projects for its upstream and downstream businesses, including those in the pipeline, in a bid to cut costs amid what is shaping out to be a prolonged period of much cheaper oil prices.
Hi malayinvestor, in my humble opinion, since the market is going against us..it depends on our holding power..if we are holding too much than wat we are comfortable, i think we should cut at least 1/3 of the holdings..at least we have more bullets to buy into other counters to diversify our risk..meanwhile, we should wait for the right issues before we proceed to do anything drastic..
We thus maintain our Neutral call with a rerated TP of RM0.25 premised on our FY15F EPS of 2.5sen, pegged to a 10.0x PE. We have adjusted our earnings estimates to account for the higher costs going forward. Daya’s performance despite the re-rating, is supported by SD1 and SD2 tied to LT charters coupled with upside from its growing technical services and polymer divisions to meet our FY15F estimates.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 405 views | 2 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11936 views | 10 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
zu1967
3,791 posts
Posted by zu1967 > 2014-12-11 18:02 | Report Abuse
Kikikikiki