Calvin, last year when destini price at RM0.30++ you also said cheap and worth to buy. After that price drop to RM0.20 then you keep quiet. Now the price recover a bit and you come out talk again.
This Calvin is a professional conman and very convincing too ,people should not blindly listen to his ranting. He was so optimistic about scomi,look at its price now.
You idiot, we hold for 5years to profit while you promote the stock, goreng and check out leaving us to bleed to death. Just shut up Calvin, we just had enough of you and your silly suggestion. Go take a hike, man
one thing that holding back this company is the boss is UMN0 strong man...very much politically related company under previous gomen. other than that, this company is very good.
Reason to perform a workover Workovers rank among the most complex, difficult and expensive types of wellwork. They are only performed if the completion of a well is terminally unsuitable for the job at hand. The production tubing may have become damaged due to operational factors like corrosion to the point where well integrity is threatened. Downhole components such as tubing, retrievable downhole safety valves, or electrical submersible pumps may have malfunctioned, needing replacement.
Workover Rig doing a Snub Job In other circumstances, the reason for a workover may not be that the completion itself is in a bad condition, but that changing reservoir conditions make the former completion unsuitable. For example, a high productivity well may have been completed with 5½" tubing to allow high flow rates (a narrower tubing would have unnecessarily choked the flow). Some years on, declining productivity means the reservoir can no longer support stable flow through this wide bore. This may lead to a workover to replace the 5½" tubing with 4½" tubing. The narrower bore makes for a more stable flow.
Operation Before any workover, the well must first be killed. Since workovers are long planned in advance, there would be much time to plan the well kill and so the reverse circulation would be common. The intense nature of this operation often requires no less than the capabilities of a drilling rig.
The workover begins by killing the well then removing the wellhead and possibly the flow line, then installing a B.O.P commonly known as a blowout preventer, then lifting the tubing hanger from the casing head, thus beginning to pull the completion out of the well. The string will almost always be fixed in place by at least one production packer. If the packer is retrievable it can be released easily enough and pulled out with the completion string. If it is permanent, then it is common to cut the tubing just above it and pull out the upper portion of the string. If necessary, the packer and the tubing left in hole can be milled out, though more commonly, the new completion will make use of it by setting a new packer just above it and running new tubing down to the top of the old.
Workovers on casing Although less exposed to wellbore fluids, casing strings too have been known to lose integrity. On occasion, it may be deemed economical to pull and replace it. Because casing strings are cemented in place, this is significantly more difficult and expensive than replacing the completion string. If in some instances the casing cannot be removed from the well, it may be necessary to sidetrack the offending area and recomplete, also an expensive process. For all but the most productive well, replacing casing would never be economical.
Read again
Workovers rank among the most complex, difficult and expensive types of wellwork
. If in some instances the casing cannot be removed from the well, it may be necessary to sidetrack the offending area and recomplete, also an expensive process
FOR THE NEXT 5 YEARS DESTINI IS GIVEN UMBRELLA PROJECTS OVER MORE THAN 350 PETRONAS OIL AND GAS WELLS WORKOVER SERVICES WHICH COMMAND HIGH PROFITS JUST LIKE PENERGY, VELESTO & DAYANG
ayoo...calvin could hv missed some info la.. Destini now without government lucrative project , esp that related to defense contract coz this company belong to UMNO .. revenue has continuously drop significantly ... if BN win next ellection..this one will fly back to the moon !!
this company got so many contract this year from Petronas, Sarawak Shell, thailand,..servicing all malaysia commercial aircraft,, ...really major player in OnG. .. this QR should be much better ..fruits from some of the contract sign early this year.
coming QR, we might be able to see revenue from 4 contracts that Destini signed in the early 2019, for tubular running service jobs in Thailand, Petrofac, Shell and Petronas. Revenue from aircraft maintenance for Malindo and Thai Lion, which started in April, should also appear.
As at Mar 2019, DESTINI’s secured order book stood at RM1.34bn, which may sustain the Group for the next three years = $ 400m/year = $ 100/qr. this one not include 3 new tubular handling project won in april and June from Petrofac, PAC and Carigali, and of coz the biggest one sure from Peronas on September.
..donno la why this counter keep on dropping, but opportunity to top up.
The Group registered a revenue of RM90.93 million for the current quarter under review or more than 100% increase compared to RM45.07million in the preceding quarter. The Group registered Profit after tax and non-controlling interests of RM0.69 million for the current quarter under review as compared to profit after tax and non-controlling interests at RM0.49 million in the preceding quarter.
Profit in current quarter increased due to higher contribution from manufacturing services and MRO services.
more to come under new development program for our arm forces..like it or not, only this company is entrusted to take security related jobs for government arm forces.
with revival of its aerospace job + lots of OnG jobs secured this year.... this company will soon become fantastic.
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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....
xuxu
5,722 posts
Posted by xuxu > 2019-11-07 10:51 | Report Abuse
always saying awarded petronas contra, then play 1 day show. I bought 0.21 luckily can sell 0.24. enough haha !