It is now traded at cheapest price compare to its peer of small cap like knm, perisai, alam. If it drops unreasonably below 1 while business environment is unchanged include crude oil maintain at around US60/barrel, l can only think of something bad might coming on the way but turn out it can be a good thing. Who knows?
Can any one please help me!... sorry to disturb you here,
Can anyone find the answer for these questions? Please help me. Next Monday is due date!!!!!
ABC Berhad has undergone a period of substantial growth following its establishment five years ago by two plumbers who pooled their redundancy pay. Because of a lack of accounting expertise within the company it has traditionally looked to its auditors, EE Audit Co, for accounting services in the preparation of annual financial statements as well as for the statutory audit function. EE Audit Co have also provided advice in connection with the company's accounting and internal control systems. EE Audit Co is a two partner firm of certified accountants and registered auditors whose clients are mainly sole traders, partnerships and small limited companies. Although ABC Berhad was originally a typical small company client, its growth over the last 5 years has meant that it now accounts for approximately 20% of EE Audit Co’s gross fee income and the company has indicated that it may wish to issue shares on the Bursa Malaysia KLSE in the near future.
Required:
(a) Discuss the extent to which it is acceptable and desirable that EE Audit Co have in the past provided the three services of statutory audit, advice in connection with systems, and accountancy services in the preparation of annual financial statements to ABC Berhad.
(b) Discuss the acceptability and desirability of EE Audit Co continuing to act in the future as auditors to ABC Berhad while continuing to provide the other services.
Another problem is the management. They should at least come out and say something to assure people that the business is still viable etc after seeing the price already dropped continuously into 4 weeks low. But so far nothing.. their lips are all sealed. I observed that many responsible managers in other established companies will say or announce something when similar scenario happened to protect their shareholders.
Today Perdana continues to drop.. to 1.05. I hope by this time I have managed to help many folks holding this share to take profit or cut loss before it drop further and further. There has been no support whatsoever.. so its probable for the price to worsen even faster to its 52 weeks low. Best regards.
With no support whatsoever, and price continuously ended red, looks like my TP of 0.90 is getting nearer to become a reality.. prolly next week. Trade with xtra care, heed my advices and make your own sound decision ya..
Of course mililia. Note that this is a fundamentally sound company.. not one of those gorenged counters. However, it has been on a downtrend for quite a while and panic selling occured. Do monitor and with good timing.. this counter will rise again. Its just a matter of when and when it does.. you shall be handsomely rewarded.
Increased crude inventory is worrying majority but do see supply glut to get lessen after spring. Probably somewhere in May or earlier, the oil price should able to recover gradually in U shape form. Any opinion from others?
Oil is not an infinite item where you can grow on trees. Thus, me opine, the price will rebounce.. eventually. Its just a matter of timing, holding power and patience..
Looks like Perdana continues to drop without any prevalent support due to weak global oil prices and most prolly foreign funds pulling out too due to weak ringgit..
Back to early 2013 before election i keep on asked your to buy Perdana-wa which trade on 0.35-0.40 cents.... after 2013 election Perdana-wa shot up to Rm 1.35+ and now..... is time again i suggest your to buy Perdana which trade at 0.95-1.00 and keep you 1-2 years.... you will get double from your investment
i was about to lose hope 2 days back and thinking of selling...i was strongly advised by one of my business partner in Oil & Gas to hold it and ask me to average down on 1.02...he went in a lot few days back at 1.12...heard something is going on and will rebound very soon. i start accumulate around 1.33 and my average price is about 1.25, out of bullet already...look at the recent volume and aggressiveness these 2 days...don't know how long it will last...
Yesterday.. there were much accumulation pushing the price up at the early stage but the bear was too strong and kicked the bull and ended up with a red butt. Today the buying wave is much firmer (managed to +7 sen temporarily) but the selling pressure is still strong too.. hindering the advance most prolly due to profit takings. If Perdana can close near 1.10 today, then me opine an uptrend staging is anticipated. Note that Perdana is indeed oversold with a low P/E of 8 plus only and yes.. its one of those fundamentally sound companies.
Today.. there are still accumulations thereby pushing the price up in the early session with good volume. Once the contras receeded.. then the price can firmly go up. Otherwise, it will be an "inverted V" similar to the last 2 days. Do monitor and gudluck everyone.
If what EIA report estimate is true, US shale production will stop growing in March. U.S. production growth halting is so important as it is one of the main contributor to US crude inventory build up.
Good support @1.08 seen today with good volume and managed to close @1.09 up 5 sen with buy queue still intact in the end. Since Monday, the contra players and profit takers have been slowly flushed in spite of weak oil prices. If this trend continues, the likelihood of an upturn and interest are favorable for Perdana. Gudluck everyone.
Lol. Uptrend halted today amid weak market sentiments n oil prices still in red. Still good support however @1.08 tho closed 1 sen down with buy queue still intact. Selling pressure has weakened with low volume but looks can be deceiving. Otherwise.. may expect for upward momentum next week. Perdana has sound fundamentals n oil prices will not stay low forever. As usual, do monitor n trade with care. Gudluck n gud weekends everyone.
the information i heard is tally with mililia...i was advised to average down below 1.05 and keep for few months.something going to be announced few months down the road...good luck
I was a supporter of this stock. But I heard there will be bad news for this counter. Most likely there will be cancellation of contract coming from the sister company. Then this counter will end up with couple more vessel with no secure contracts. My advise get out while you still can.
Long term story intact but short term sentiment will be bad.
mililia, based on the current market sentiment it seems like people are buying in instead of opting out. When you say cancellation of contract from sister company, why is it so? Since its sister company cant they nego nego abit haha?
Mililia has been an avid supporter of tis counter.. sorry for the loss.
As of today, Perdana has surged up in the early session but faced with amounting selling pressures amid weak market sentiments n continued drop in oil prices. However, more buying support and accummulation with high volume were observed in the 2nd session. Perdana managed to hold @1.13 n close 5 sen up; thus, uptrend looks intact.
Note: Dayang has been seen to actively acquire Perdana shares. Good news in store?
The One..you are correct. I was advised to average down on 1.02 with the rumors that Dayang gonna acquire a lot of Perdana shares but too sad, no bullet...target price 1.5 in few months time. The reason why perdana dropped from 1.2x to 1.0 was because Shell has demob 2 vessels of Perdana which might impact the 1st Q revenue. However, momentum is picking for the dayang acquisition into Perdana share..
Dayang has increased its stake in Perdana to about 30%. Its prudence for Dayang's management to slowly accummulate the beaten down Perdana shares at the current juncture amid weak oil prices (de facto - oil prices will not stay low forever). Looks like there is a high possibility for both counters be suspended pending material announcement soon. Its just a matter of time.. congrats to everyone.
Good performance today with high volume (almost tripled the average). Perdana managed to breach strong resistances @1.19/1.20 and hit @1.21 briefly. The support and accumulation were good and managed to achieve +7 sen with buy queue @1.20 still intact in the end. Expect for further upside momentum tomorrow. Gudluck.
• MGO @1.60? Looks reasonable during this low oil prices juncture. Otherwise the price will indeed be higher for privatisation. Oil price has recently been inching up from its lowest of 44 to slighly aove 51 currently..
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 513 views | 3 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 12695 views | 11 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Ferisc
896 posts
Posted by Ferisc > 2015-03-12 18:02 | Report Abuse
It is now traded at cheapest price compare to its peer of small cap like knm, perisai, alam. If it drops unreasonably below 1 while business environment is unchanged include crude oil maintain at around US60/barrel, l can only think of something bad might coming on the way but turn out it can be a good thing. Who knows?