coming quarter result expect still loss making but better than previous quarters. Since company already exits from loss making business like polymer & Upper stream O&G, the remaining business Down Stream O&G, Techinical Services operation should be in profit, but overall not able to cover its finance cost.
Consider a surprise if able to turn to profit. Which is possible too as this company having steady order book
all segments in profit, but due to its shareholdings in these subsidiaries not 100%, and loan interest very high from another subsidiary, causing loss making even though recording profit 2million+ in all segments.
what company should do is 1. buy back those profitable controlling share from other shareholder (profit boost) 2. Debt restructure, may be with AS Offshore proceed with conversion for convertible loan (debt and interest reduction) 3. Bid for more projects (revenue boost)
something can be sure is this company downstream business is getting better and better, expect coming quarter profit increase in company O&G segment. As per stated in company financial report.
it need proceed with regularization plan, and continuous profit for 2 quarters to exits from pn17. Regularization plan mainly will reduce debt, interest and increase stake holding on its profit making subsidiaries. Once its regularization plan is done, confirm turn to profit making company.
The loss making Subsea division is gotten rid of. If they now manage the company well, it should return to black, like it was in the early 2010s. Hope for the best.
I never lost confident on Daya. I still hold. Hope they will be out of pn17 end of the year. They manage to get some contract with the Russians till 2020. As I said, if they want to live longer and be success they must use the win-win way. Reward the investors who supported them.
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sedonaal
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Posted by sedonaal > 2018-05-15 10:15 | Report Abuse
NT resigned from DMB but still remains of CMT board, continues to steal from there with his brother William