funny psychology. everything is rosy when price shot up and now everything is bleak when price come down. that's why most investors always buy high sell low
Anyway I'll be going to the AGM to sweep the food & drinks into my mouth and plastic bag - that my friends is how you increase your yield from this stock!
1) refinery margin & refined products prices still staying at a healthy region so far.
2) for 2017 there are 16 new petrol stations up & running, another 23 new petrol stations up but pending various approval documents to join in operations, in other words reasonably good growth is expected in FY2017
3) company market share stand at 19% (as at Q1 2017), 2016 : 17.4%, 2015 : 16.6%
4) 2017 management will be focus new market developments , product innovation & promotions & operations efficiency to achieve targeted growth
5) as for refinery upgrades, management stated still in the early study stage, where no further information is provided. Funding, the management not rule out of right issue + other sources
Overall I m quite happy with the progress of the company, long term investment is good but no comment on short term share prices movements
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....
Jay
1,126 posts
Posted by Jay > 2017-06-15 10:26 | Report Abuse
funny psychology. everything is rosy when price shot up and now everything is bleak when price come down. that's why most investors always buy high sell low