Posted by Westeros > 2020-06-04 12:09 | Report Abuse

Convertible preference shares give the preference shareholders the right to convert their shares into a specified number of common shares. The ratio of how many common shares an investor will get for each preference share is called conversion ratio.

Preference shares are shares in a company that are owned by people who have the right to receive part of the company's profits before the holders of ordinary shares are paid. They also have the right to have their capital repaid if the company fails and has to close.

Posted by khuen > 2020-06-04 12:15 | Report Abuse

Many preference shares were converted at RM0.325, wouldn't it better to buy in open market at RM0.20? Does it mean the stock is worth at least RM0.325?

Posted by anson938 > 2020-06-04 12:46 | Report Abuse

ICE Brent Crude (Aug'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 5:31:07 AM BST
39.23
-0.56 (-1.41%)

Toward 43uss and above per barrel soon

Posted by anson938 > 2020-06-04 12:47 | Report Abuse

Oil rebounced from lower.

Posted by nicedurians > 2020-06-04 15:02 | Report Abuse

Khuen I don't think the ration is 1:1. if ratio is 1 preference share for 2 ordinary share then its well worth it

Posted by khuen > 2020-06-04 15:39 | Report Abuse

nicedurians, don't need to think, just read and refer annual report page 160.

"The conversion price of the RCPS at RM0.325 per RCPS and the conversion ratio at 1 new ordinary share for every 1 RCPS held."

Posted by anson938 > 2020-06-04 16:59 | Report Abuse

ICE Brent Crude (Aug'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 9:47:07 AM BST
39.54
-0.25 (-0.63%)

Oil rebounced back from lower

Posted by Asia88 > 2020-06-04 22:28 | Report Abuse

Buy now. Enjoy the fruits later. Why preference shareholder want to convert at a premium price when he/she can buy it at open market. Good indicator to buy more.

Posted by Chung > 2020-06-04 23:39 | Report Abuse

@KHEUN
@NICEDURIAN
@Asia88
Perdana Preference share convert to Perdana share no need to pay RM0.325 anymore because They already paid RM0.325 when Perdana Preference share was open for Perdana shareholder to apply. 1 Perdana share entitle to apply 2 Perdana Preference share at RM0.325 cents each. Perdana Preference shareholder just fill in form to convert to Perdana share will do.

Posted by anson938 > 2020-06-05 06:44 | Report Abuse

ICE Brent Crude (Aug'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 11:00:00 PM BST
39.89
+0.10 (+0.25%)

Brent oil rebounce and near to record high since April
05/06/2020 6:40 AM

Posted by anson938 > 2020-06-05 07:54 | Report Abuse

ICE Brent Crude (Aug'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 1:00:00 AM BST
39.99
UNCH (0)

Posted by Saw PW > 2020-06-05 10:28 | Report Abuse

Can anyone enlighten us,what is Perdana's debt to equity ratio now after the recent corporate exercise.Thank you.

Posted by anson938 > 2020-06-05 11:05 | Report Abuse

it's come back...KNM0.26...Hibiscus 0.695...O & G Take turn instead of PPE stock,Brent oil estimated to towards above 43 USD per barrel.

Posted by khuen > 2020-06-05 12:42 | Report Abuse

oic, thx Chung

Posted by khuen > 2020-06-05 12:48 | Report Abuse

Based on annual report 2019, debt/equity ratio was only 0.14 (borrowings of RM125.69mil / equity of RM899.67mil).

Posted by khuen > 2020-06-05 12:55 | Report Abuse

But I don't understand why the finance cost was still RM55.20mil even the borrowing was reduced from RM633.25mil in 2018 to RM125.69mil? Maybe because the borrowing resolved using RCPS during final quarter, hence it hasn't restated yet.

Based on interpolation, the finance cost should be RM10.95mil in coming year since borrowings reduced significantly which means company can save RM44.25mil every year!

Posted by Asia88 > 2020-06-05 16:46 | Report Abuse

Chung : thanks for information.

Posted by Chung > 2020-06-05 19:48 | Report Abuse

@khuen
@asia88
Perdana NOSH 2209 Million , ICON NOSH 2377 Million (NOSH= Number of Share ) Perdana trade at 18.5 cents, ICON trade at 14 cents. Perdana Quarter report still not out Maybe suffer huge lose base on other competitor PENERGY lose about 20.7 Million this quarter. ICON this quarter report already out Net profit 21.6 Million. Not surprise one day ICON prices higher than Perdana. If Perdana suffer huge lose this quarter no mater how high Oil Price there will be not much impact to Perdana share price. But it make difference to ICON the higher oil prices ICON will follow oil prices trend. So put some effort to ICON instead of full attention to Perdana. Another OIL and GAS Counter Serbadk you can look into it. Last year Gain 500 millions plus. This quarter report gain 133 Millions net profit. Serbadk now trade at RM1.75 if price too high for you. You can look into Serbadk-warrant at 0.27 cents. Warrant expired December 2024 convertion is 2.62 By looking at yearly 500 million profit this year. Serbadk share prices may go up as high as RM3.00 by than Serbadk-warrant may trade at 70+ cents or higher. Good luck and buy on your own risk.

Posted by Trapps > 2020-06-05 20:34 | Report Abuse

Chung, How about ICON vs sapura ?

Posted by Chung > 2020-06-05 21:22 | Report Abuse

@Trapps
You only can compared apple with apple not apple with orange. Sapura , velesto, Armada, KNM, Hibiscs, Dialog, all are apple. Involved in oil business, Perdana ,Carimin, Alam, ICON, Dayang, all are orange involved in off shore business. Other Serbadk, Umza, also involved in oil and gas business but also on other business. If I not mistaken Sapura suffer huge lose this quarter reports. There mush be a reason why Sapura traded at 10 cents now. Not much impact even oil price up to 40+....只是跟風上吧了.

Posted by tkl88 > 2020-06-05 21:55 | Report Abuse

Wow, oil price spike up crazily !
As at 9.41am,
Nymex=> $38.81 (+1.40) (+3.74%)
Brent => $41.77 (+1.78) (+4.45%)

Posted by Asia88 > 2020-06-05 22:18 | Report Abuse

@Chung : I might have different thought. Quarter report didn't out maybe an indication that the result is bad. However, director might prefer to delay the issuance to avoid so many question during AGM. Nevertheless, i can look at ICON too.

When i see the latest annual report, Perdana had secured contract for many of their vessel from Q3 2019 to 2021. Their balance sheet should be getting cleaner in Q1 from the debt restructuring.

Another thing is the utilisation rate of their vessel. Last year Q1 utilisation rate is below 40% and Q3 and Q4 utilisation above 70%. The increase in utilisation rate is mainly due to contract secured from Q3 and Q4 last year and they do secured contract in Jan'2020. If the company able to increase sales and control their cost, i think the result will be favourable.

My 1 cent view.

Posted by khuen > 2020-06-05 22:50 | Report Abuse

@Chung thanks for your info but I had to agree with Asia88. Maybe coming QR still negative due to monsoon season affected their job execution, but I have faith that it will be better FY2018Q1 which was at loss of RM32mil.

Posted by anson938 > 2020-06-05 23:05 | Report Abuse

ICE Brent Crude (Aug'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 10:54:00 AM BST
41.99
+2.00 (+5.00%)
1D5D1M6MYTD1YALL

Posted by tkl88 > 2020-06-06 07:27 | Report Abuse

Walaoeh, Amazing, Dow Jones was superb bullish !
Dow Jones closed at=> 27,110.98 (+829.16) (+3.15%)

Next week all stocks in KLSE especially O & G stocks will be spike up till sky high !

Huat ah ! Heng ah ! Ong ah !

Posted by Godofgambler > 2020-06-06 08:32 | Report Abuse

Expect Perdana reach near 0.50 in future...
Wow...
Yuhuuu!

Posted by PN2020 > 2020-06-06 09:23 | Report Abuse

Wait till tuesday morning when DJ up with oil spike up then for sure bursa will fly as well

Posted by Trapps > 2020-06-06 14:28 | Report Abuse

https://oilprice.com/Energy/Crude-Oil/Global-Oil-Demand-To-Fall-To-Levels-Not-Seen-Since-2014.html

Posted by SuperPanda > 2020-06-06 14:35 | Report Abuse

to those not happy on my statement i would like to apology, every statement i made is based on my opinion and you has right to agree or disagree

btw not all forum i go i speak -ve, you can check all the records

sometimes not all the -ve comments is bad, when armada was above 50c, some had issued warning but many didnt appreciate and when it drop below 20c those people losing big and hard to recover

good comment and bad comments are actually good so you can have both pro’s and con‘s to weigh your position

Posted by SuperPanda > 2020-06-06 14:41 | Report Abuse

one more thing, i never ask people to buy or sell, i just re iterate that high possibly coming qtr will be loss in operation but at the same time can be a gain from the cash obtain from RI, you can use this statement to research

and as i commented in hibscs, i always believe in the long term o&g counter will back to old high but oil market is highly volatile, it creates opportunity to those wanna play short but to those hold long term should not be worry on it

cheers !

Posted by Godofgambler > 2020-06-06 22:34 | Report Abuse

https://www.google.com/amp/s/www.cnbc.com/amp/2020/06/06/opec-and-allies-reportedly-agree-to-extend-record-production-cut.html

Posted by Godofgambler > 2020-06-06 22:35 | Report Abuse

Tuesdayyyyyy Flyingggggggggg!!!!!
Full thrust!!!!!!!!

Posted by Expertise > 2020-06-07 17:36 | Report Abuse

fly fly

Posted by spielmacher > 2020-06-08 10:22 | Report Abuse

Oil n gas time has arrived.

Posted by anson938 > 2020-06-08 10:26 | Report Abuse

ICE Brent Crude (Aug'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 10:14:09 PM BST
42.43
+0.13 (+0.31%)

Posted by anson938 > 2020-06-08 11:38 | Report Abuse

ICE Brent Crude (Aug'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 4:15:11 AM BST
42.87
+0.57 (+1.35%)

Toward above USD 43 per barrel

Posted by Godofgambler > 2020-06-08 16:32 | Report Abuse

Tomorrow meletup.
9am sharp hentammmmmmm

Posted by Steady Punpipi > 2020-06-08 18:44 | Report Abuse

Waseong ( 5142 )another hidden O & G gem lagging behind its peers in term of fair valuation ...take note tmr opening ya...all in kikiki

Posted by mf > 2020-06-08 18:45 | Report Abuse

0.230 open

Posted by pspsun92 > 2020-06-08 18:49 | Report Abuse

Perdana hold and dont sell, we will see higher high

Posted by tamp0i > 2020-06-08 21:17 | Report Abuse

How Perdana is lagging so much behind other O&G counters? Hmmm

Posted by Asia88 > 2020-06-08 21:58 | Report Abuse

Cause the counter is undergoing restructuring and management is cleaning up the mess.

Posted by sharewiz118 > 2020-06-09 00:07 | Report Abuse

Brent Crude oil price drop below USD 41 .... sigh .... like that how to fly ? sakit hati betui

Posted by stncws > 2020-06-09 00:10 | Report Abuse

sure drop tmr.

Posted by sharewiz118 > 2020-06-09 00:13 | Report Abuse

tomolo sure got monkey start panic selling liao

Posted by anson938 > 2020-06-09 08:27 | Report Abuse

ICE Brent Crude (Aug'20) (@LCO.1:Intercontinental Exchange Europe)
Export chart+ WATCHLIST
*Data is delayed | USD
Last | 1:14:03 AM BST Volume
41.26 +0.46 (+1.13%)

Oil rebounce back

Posted by Godofgambler > 2020-06-09 09:30 | Report Abuse

Perdana is the best gem

Posted by Asia88 > 2020-06-09 09:33 | Report Abuse

Sit back and relax.

Posted by newbe > 2020-06-09 11:33 | Report Abuse

cannot surpass 0.200...cheh

Posted by Diego2020 > 2020-06-09 15:16 | Report Abuse

https://www.theedgemarkets.com/article/plus-expects-15-increase-daily-traffic-tomorrow