Bonescythe tips is normally good for the day, like this morning (good for contra player). But if you were to read it, it sure make sense on some of the things mentioned in the blog. Anyhow the rumors on M&A has been around for sometime already, not something new.
murali: whether privatization will materialized or not that shouldn't deter the price of the perdana pet from moving north. A few points that i have noted, 1. Company is profitable (fundamental stock) 2. Even profit forecast for coming years looks good http://www.perdana.my/file/pdf/analyst/2015/2/02.24.2015%20Q4%20KNN.pdf 3. Oil price is on upward trend 4. Net assets per shares is already near RM1 5. Of course if the rumors is true, no harm buying some to keep right now.
I think to be fair instead of NTA PE ratio should be used, assuming a EPS of 12cents per share is used, at an offer price of RM1.6 the PE ratio is only 13x. What is the expected PE for this industry ? that is something i need the help from sifu around here
Bonescyhe: what's the PE trend for this industry ? i was told around 15X is it correct? Speakup: I think PE is more important, say if my company is in trading and i dont buy any assets, all on lease but i am having a net profit of 10mil a year, you cant be saying that if i were to sell my biz at rm10mil is expensive right ? considering that my NTA is only 0. Simple computation ya
Perdana already write down almost all the possible old vessel. In book wise, depreciation already all factored in. However, the vessel is still valuable in sense of still able to work and got a certain market value. Any successful sale of their old vessel will come in as surprise bonus in their Financial statement.
O&G can be trading from PE x12 to x20. Better face value (fundamental) of company will see higher PE
Better to focus on the future value that the 2 vessel that is slated to be delivered in 2016 will bring to Perdana instead of current value that you can see.
means if it's privatized at RM1.6 (PE of 13X based on 2014 actual results of 11.95cents per share) it is still relatively cheap for the acquirer. thumbs up
Something told me based on the chart n trading lately that a material announcement may be very soon while the oil prices still low.. just my gut feeling tho.
Yes. Looks like Perdana may enter into consolidation phase (starting with lower volume observed today) after it has been going up continuously for almost 2 weeks and about plus 25% from it lowest last month. Furthermore, oil prices still retreating lower..
• Based on the chart and volume.. coupled with weakening oil prices.. one can expect the consolidation phase has just started. But do trade wisely and monitor closely whether Perdana breach the 1.20 psychological support..
Good support in the end and close 1 sen higher but the volume was low. Also note that oil prices are down about 2.6% while Europe and US Futures are red currently. Do trade cautiously tomorrow.. gudluck.
Time to sell....the fact is oil is oversupply...and this will go on quite a while...this company only supporting position is they are under dayang..else...they will bleed red...but all O&G companies fate the same...RED
my 2 cents view is, when its oil price is cheap dayang will purchase additional shares, while when oil price is high the share price will shine by itself. both win win situation
perdana just broken strong resistance at 1.30, will it give up so easily after trying so hard to break it? it closed above 1.30 again today, and should give some conviction, though I would have liked it to close higher.
Klsetrader.. sorry. Yes, I still monitor Perdana eventhough not as frequent as before since I've ady exited completely n hopped into Naim's boat a couple days ago. Neeway, chartwise, Perdana looks good with consistent supports n may still continue to move up. However, I do agree with Kenanga.. to take profit when possible since it has been on the uptrend for quite some time whilst oil prices barely managed to hover above 50. Always monitor closely n trade wisely as O&G counters are still risky at this juncture n yes.. for Perdana's case, MGO is still a street talk. Just my 2 cents n gudluck everyone.. :)
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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....
murali
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Posted by murali > 2015-03-27 09:33 | Report Abuse
Bonescythe's tips always bring people to Holland one...see whether this time got any exception or not