Management years of track record of delivery and productivity for Dayang and Perdana is much much better than other competitors, hence the revenue and profit growth are certain and of course the value of the shares.
Will the higher utilization of its fleet crew, profit would definitely increase. Thus I see price of Perdana will follow suit to higher. % wise, I believe it would be higher than mother shares=Dayang.
Quarterly rpt on consolidated results for the financial period ended 30 Sep 2019 PERDANA PETROLEUM BERHAD
Financial Year End 31 Dec 2019 Quarter 3 Qtr Quarterly report for the financial period ended 30 Sep 2019 The figures have not been audited Attachments PPB Q3 19 Interim Report (FINAL).pdf 432.5 kB Default CurrencyOther Currency Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2019
INDIVIDUAL PERIOD CUMULATIVE PERIOD CURRENT YEAR QUARTER PRECEDING YEAR CORRESPONDING QUARTER CURRENT YEAR TO DATE PRECEDING YEAR CORRESPONDING PERIOD 30 Sep 2019 30 Sep 2018 30 Sep 2019 30 Sep 2018 $$'000 $$'000 $$'000 $$'000 1 Revenue 87,409 61,214 175,953 125,577 2 Profit/(loss) before tax 18,707 7,783 -18,747 -47,224 3 Profit/(loss) for the period 18,087 6,533 -20,295 -50,025 4 Profit/(loss) attributable to ordinary equity holders of the parent 18,087 6,533 -20,294 -50,024 5 Basic earnings/(loss) per share (Subunit) 2.32 0.84 -2.61 -6.43 6 Proposed/Declared dividend per share (Subunit) 0.00 0.00 0.00 0.00
AS AT END OF CURRENT QUARTER AS AT PRECEDING FINANCIAL YEAR END 7 Net assets per share attributable to ordinary equity holders of the parent ($$) 0.5800 0.5900
Definition of Subunit: In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit. Example for the subunit as follows:
Country Base Unit Subunit Malaysia Ringgit Sen United States Dollar Cent United Kingdom Pound Pence
Announcement Info Company Name PERDANA PETROLEUM BERHAD Stock Name PERDANA Date Announced 21 Nov 2019 Category Financial Results Reference Number FRA-19112019-00002
Qtr result : Net profit 18mil and eps at 2.32cts. Great job. Debt level is to reduce once Dayang receives money from its imminent Right Issue. Reaping fruit. More so as lot of investor's Perdana is a free gift from Dayang in Nov 2017.
revenue growth is amazing....sustained recovery is the key word..
The third quarter of 2019 has turned out to be one of the best quarters in Perdana’s history despite the relatively low oil price. We are indeed proud to achieve this stellar performance as our hard work over the years to turn around the business has started to show promising results. We are particularly pleased that there was a marked improvement in chartering activities during the quarter which was reflected in our highest quarterly revenue since 2014. The encouraging financial performance has further reinforced our view that the outlook in the second half of 2019 will be better as the offshore support vessel market is now showing signs of a sustained recovery.
There is a Good for news on Armada quarterly financial result released this afternoon which posted 2.6 Sen EPS including gain on disposal of assets ; after taking off the gain, the EPS is still better than previous quarter one.
This indicates most of oil and gas counters have been on profit track :) . Good luck !
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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....
VincentTang
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Posted by VincentTang > 2019-11-14 15:31 | Report Abuse
Switch all Perdana to Jaks