though going for coastal with 300+ million loan in US dollars. With US exchange having gone up, servicing of loan interst and repayment challenging. with impending us hike in int in dec 16 or 2017, more money needed to service debt. be cautious!
in the quarterly report there is no mention of 500m cash in usd. infact the balance sheet only indicate cash in hand in ringgit which has dropped by 165 m compared to previous qtr. the notes to account shows that only 3.3m is secured borrowing in ringgit, the rest is in usd. I have exited this counter as the company have no plans to address this usd borrowing issue.
Company dealing with commodities are cyclical in nature. Good news now OPEC n non OPEC are cutting down production n recently oil price uptrend. By January OPEC will export less to EU n US, so d price will stabilise. Maybe chances this counter to be in the uptrend. Support is roughly at this price, at 25% below its NCAV, floor value. No deficit yet, n total borrowing is still reasonable for its collaboration with other company gas exploration. Future prospects is okay if earnings is upside for the coming quarters. Gd luck!
Uptrend at present! If oil price stay above $55, earnings will increase n stock price will go up. At present it is below its net current asset value of 1.70. Good chance for share buyback n insiders buying. Gd luck!
When a good fundamental stock is being overlooked and price tumbles at low there's rise the golden opportunity for shrewd people to accumulate at low. Or do you want to chase at high? Buy on stages.
Agree buy on weakness, Share buying philosophy, buy low, sell high. I see opportunity, just got 6 lots... at 1.33 so good but have to wait long term. The two Singapore ship building companies has collapsed giving this share more golden opportunities indeed.
should buy for long term, believe me & put in ur portfolio. Buy when it weakness. Usually fund will start cover for it when it is ready. Remember when fund as u to sell, it is time for u to collect.
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....
steveooikp
4,689 posts
Posted by steveooikp > 2016-11-29 16:12 | Report Abuse
2.3 b order book!!!
why dump?
the mgmt. is good, they are very cautious.