Why Perdana up 10.5 cents on Friday from 33.5 cents closed 44 cents? Perdana Relisting back to KLSE after suspended more than 2 years. Dayang hold perdana share more than 97% as Dayang fail to get 100% Perdana share and has requested by bursa minimum public shareholding spread has been regularised to 20.016%. Dayang distribute 302 Perdana share to each lot Dayang share holder as species dividend. Finally perdana re-listing back in KLSE. Dayang thru Perdana is involved in Provision of Maintenance Services, Fabrication Operations, Hook-up & Commissioning, Charter of Marine Vessels and Vessel Technical Specification. As today Dayang hold 60% of Perdana share. Oil price crash in 2014-2017 from USD120 per barrel to less than USD40 Per barrel. Many Oil and Gas company in global suffer great loss due to production cost higher than market prices. Some reduce or closed they Oil Rip production. This infected to Perdana business provided maintenance and others Vessels renting services to Petronas or Shell. For the past few years most Oil and Gas companys in Bursa suffer 100-1000 millions in a years. Some goes to PN17. Perdana suffer 142 millions for the past 9 months drag Dayang financially report loss 89 millions too. Last year May Perdana propose PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF PPB. How Perdana determine the price of 10% private placement share price for new investor with additional 5-8% discount from current market price ? Normally this private placement share price will be pro-rata of 5 days Perdana trading closed market price with the date is fixed by both Perdana and new investor. How much new fund raise from this 10% private placement? If Perdana share price are trade around 30+ cents for the five days. The increase of oil prices to 60 dollar is the right timing for Perdana raise more fund from 10% private placement for the pro-rate price of Perdana share price. How do to that the answer is “ Goreng Perdana “ does this make sense to you do why perdana up 10.5 cents Friday ? will this uptrend continue in next week ? Please do your home work at www.oilprice.com check the most current oil prices. Because uptrend of oil prices above 60 dollar will continue make oil and gas counter in top 20 counter actives and top 20 gainer counter of the day indirectly Perdana will continue goreng by big shark lah and Dayang share price will led by Perdana up trend loh…….
KUALA LUMPUR (Jan 9): Perdana Petroleum Bhd has inked four time charter party agreements with its major shareholder Dayang Enterprise Holdings Bhd, to supply two accommodation work barges and two anchor handling tug/supply vessels for an estimated RM41.8 million.
The agreements were inked by Perdana Nautika Sdn Bhd and Dayang Enterprise Sdn Bhd (DESB), which are wholly-owned subsidiaries of Perdana Petroleum and Dayang Enterprise, respectively.
The four vessels will be chartered for nine months — "with an option of three monthly extension" — starting from March 1, 2018. The vessels charter is related to the contract secured by Dayang Enterprise for the maintenance, construction and modification works for Baronia Rejuvenation CP 3, said Perdana Petroleum.
"The Perdana Petroleum Group's offshore support vessels operations complement those of Dayang Enterprise, whose principal activities [are] the provision of offshore topside maintenance services, minor fabrication works and offshore hook-up and commissioning services.
"The vessels charter is part of the strategic alliance between Dayang Enterprise and Perdana Petroleum Group where the utilisation of its vessels can be maximised and qualified to bid for more offshore maintenance works," said the group in its filing with Bursa Malaysia.
Perdana Petroleum expects the recurrent related party transaction to contribute positively to its future earnings.
Perdana Petroleum shares inched up 1 sen or 1.96% to close at 52 sen, giving it a market capitalisation of RM404.81 million.
Meanwhile, Dayang Enterprise climbed 3 sen or 3.66% to settle at 85 sen, for a market capitalisation of RM820.09 million.
Perdana Petroleum Bhd’s wholly-owned subsidiary Perdana Nautika Sdn Bhd has signed four time charter party agreements with its major shareholder Dayang Enterprise Holdings Bhd’s wholly-owned subsidiary Dayang Enterprise Sdn Bhd, to supply two accommodation work barges and two anchor handling tug/supply vessels for an estimated RM41.8 million.
As of 9 Jan 2018, PERDANA has been on a strong downtrend as suggested by the downward sloping 20-Day and 50-Day Moving Average. With the general downward movement, the price now lies well below the resistance of 0.561.
Last Thursday to this monday oil and gas counters hit top volume and share price go up alot. Yesterday and today is 1+3 for last Thursday and Friday. Tomorrow morning may another round for Monday transaction. After correction with now USD 63.64 oil price + 41 Milliona contrac I confident Perdana can close at 55 cents or higher.
Big gas discovery in Malaysia .. offthe coast Bintulu. " HOLD TRILLION OF CUBIC WORTH OF GAS" Expected multi billion contracts for Sarawak based o&g ..Dayang n Perdana.
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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....
ImRichKid
6 posts
Posted by ImRichKid > 2018-01-08 12:42 | Report Abuse
TP 0.92 really?