Perdana Petroleum (BUY ) Take a breath and ready for FY16. Entered into MOA to dispose one unit of accommodation work barge (Petra Superior) to Hauston for a total consideration of US$28.5m or RM93.5m. We expect no impact to FY14 as the existing contract will expired in Nov 14 and contributes about RM6m or ~5% on FY15’s PAT. However, the proceeds raise will be used to fund new acquisition of assets which will help to mitigate the impact. We are positive on the disposal as it will be part of the fleet renewal plan to upgrade existing vessel to higher specification coupled with favourable selling price with RM1m gain We also understand that by selling Petra Superior, it will save about US$2m on drydocking expenses which was supposed to take place by end of year after existing contract expire in Nov. We maintained our BUY call with unchanged TP of RM1.87 pegged at an unchanged 12x FY15 EPS of 15.5 sen/share. Earnings Evaluation (report) Report from Hong Leong Research yesterday.
When chung & lmf_hau is promoting PERDANA (before bonus issue) @ < RM 1.00, no one ever heard. (the time Perdana-wa was hovering between 30~35 sen)
After bonus issue Perdana-wa is RM 0.72 (pre-bonus issue were RM 1.05 max) then after that max is RM 1.22 (= RM 1.70 pre-bonus issue).
My father Ayam Tua always advice his fellow children, be extremely careful with stocks having warrants approaching maturity.
Buy @ 2.5 years or more before maturity. Gratually offload at good price within 2.5~1 years before maturity.
Expect a sudden crash of warrants (in SPSETIA-WB, gradually down from RM 2.00 to 50 sen, then suddenly, crashed from 50 sen to 10 sen., in case of THHEAVY-WA, after being goreng up from 12 sen to 49.5 sen max, 1st crash to 30~32 sen range. kheeliam think cheap then averge down more @ 30 sen. Then suddenly flash crash directly to 5 sen now. See lor~~~
What to do now?? that day PERDANA-WA can be sold for RM 1.10, you dun want sell, now only can sell @ 77 sen???? down 30%, sakit hati chung & lmf_hau & khee liem
Ayam ayam... I just correct MAMEE statement only, don't shoot me ... I really stuck with my PERDANA, but not PERDANA-WA. The price I entered for PERDANA was RM0.60, miss out selling when PERDANA price go to RM2, now only RM1.47.. really sakit hati..
Oct 1, 2014 - day 1 of pre-crash, MamaMemee already issue a warning:
Is Perdana Overpriced. Read carefully.
Dayang bought Perdana @ 1.60 ~ 1.66?
Just want to increase stake for controlling power. Today is 1.37 ???
LMF_GAU, if you bought PERDANA-WA @ 50 sen, don't sell 70 sen (pre-bonus issue) sell today 67 sen Perdana-wa (= 95 sen pre-bonus issue), you still profit?
Petronas which is set to re-evaluate its RM 300 billion capex programme will have major spillover effects for the oil & gas industry.
The biggest threat to the LOCAL oil & gas industries will be the Malaysian government..... yes, the Malaysian government.
Recall that Petronas had applied to limit its dividend to the Malaysian government at 30% of its profit, but, was rejected.
Double whammy is............ with a lower income in years to come due to low oil prices, yet, the Malaysian government will ask for more because Malaysia's most recent economy growth rate was below 6% and future is challenging.
Soon, the RM 300 billion capex programme will be reduced to RM 100 billions and brings major negative spillover effects for the local oil & gas industry.
What do you think the future will be for local oil & gas companies when Petronas does austerity....
Those companies which have spent to buy oil & gas assets will be hit even more....
Haha.. see whether the share price reflects its fundamentals.. all oil and gas not spared..even profitable ones.. that is the power of the irrational market.
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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....
granto
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Posted by granto > 2014-10-29 21:29 | Report Abuse
Perdana Neptune sells offshore support vessel: http://www.seashipnews.com/News/Perdana-Neptune-sells-offshore-support-vessel/3w3c2811.html