Oil is soaring due to nflation in the US . It is now at 40-year highs, reaching 7.5%, a level not seen since 1982, a year in which the US experience the worse economic downturn since the Great Depression in 1929.
pang72 How to greed as compare to rm15 in the past?
Ah yes - I've the distinction of selling 1 lot at 15 and another at 14.40 but got greedy & bought many above 10. Now I reflect my past, I realise that it reached 15 probably because the investment bankers "goreng" to launch the warrants successfully.
As always, made a ton of profit but only pay a tiny dividends. Annual profit = 240m but only pay 54m. This small dividend pay out had been a sort of a tradition with the management for years. If the share price is trading at say 12X PE then I can accept it but it trades at very low PE.
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....
Diamond7
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Posted by Diamond7 > 2022-02-16 06:29 | Report Abuse
Oil is soaring due to nflation in the US . It is now at 40-year highs, reaching 7.5%, a level not seen since 1982, a year in which the US experience the worse economic downturn since the Great Depression in 1929.