The nature of their business is dependant on opex not capex like oil producers. Therefore they were not directly affected from sudden drop of oil price. But job will reduce as oil producers slowing down during low oil price.
But, any further conversion of the RCULS by any other RCULS holders will cause his % to fall again... so Hamdan needs to buy more to ensure his % does not fall to below 50%
Oh my love My darling I’ve hungered for your touch A long lonely time As time goes by so slowly And time can do so much Are you still mine? I need your love I need your love
Steve still can buy more. But until Aramco news is out, I'll buy if the price drop below 1.20 and will dump it if up more than 1.30 to recover my earlier loss.
Drop buy..... up sell.... but no contra..... b cos this counter is tricky. ..... must hold. .... you don't when is up and when is down..... but for sure is undervalued.... i believe oil price has reached the bottom. I believe barakah still not reach its potential.
The way I see it the biggest threat to the local oil & gas companies will be the Malaysian government..... yes, the Malaysian government.
Recall that Petronas had applied to limit its dividend to the Malaysian government at 30% of its profit, but, was rejected.
Double whammy is............ with a lower income in years to come due to low oil & gas prices, yet, the Malaysian government will ask for more because Malaysia's most recent economy growth rate was below 6% and the future is challenging.
Soon, the RM 300 billion capex programme will be reduced to RM 100 billions and brings major negative spillover effects for the local oil & gas industry.
What do you think the future will be for local oil & gas companies when Petronas does austerity....
Those companies which have spent to buy oil & gas assets will be hit even more....
The BursaM's oil & gas counters all came to live all because of this RM 300 billions.... take the air out of the balloon.... what do you get??
What do you think the future will be for local oil & gas companies when Petronas does austerity???
Patience lah. ... This barakah I intend to buy more. I sold half at 1.39.... left half.... I wait below 1.25...... good financial result and contract on hand. Nothing to worry lah. See the NTA also growing due to more money reserve in their bank
You have entered the phase where good result is just in line with expectation, as such, price will not go up. This is not that bad....
The bad thing in this phase is... any negative news such as further drop in oil prices ah... not winning the arab project ah.... will totally screw up the price and cause it to drop.... drop drastically even
Ah moi has sold all barakah shares and give negative comments here again..... haha. Barakah aldy has good contracts, next five years no issue. Arab project is an additional bonus to barakah.
are you young and handsome??? cos you are paying too much attention on me to the point of stalking... to the point it is bearable only if you are young and handsome, creepy if you are not ; )
anyway, I give fair comments la, fair comments, just that at times fair comments may be negative.
well, anyway, let see how the price will move.....
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....
outsiderTrade102014
2 posts
Posted by outsiderTrade102014 > 2014-11-18 15:28 | Report Abuse
Any good news?