You can say it records RM5m losses but lets get realistic of the probability.. RM5m profit - 80% RM5m loss - 20% Why? Because Petronas contract is there in place.
Frankly speaking, Carimin Petroleum & other five oil & gas companies won Petronas RM12bil (now RM6 bil only) before in 2013. But they also can't turnaround with such huge advantage.
Kyy scare the shit out of the directors liao.... These kind of directors really useless... It clearly tell the market the share price is not justified at current price level .... Anyway, with kyy effect, hope it can sustain at this level
Too many noobies here.. hehe In stock market who buys at lowest who wins. See my lowest buy price then talkkok again. My transaction record below.. https://ibb.co/f1DTMRR
Actually in stock market you buy what stocks also never mind. You buy rubbish stocks like Orion is also totally fine. The key is do you know how to time the market at lowest point and buy in? That's the real pros skilled at.
Those who have doubt over Petronas contract. Contract announcement dated 02 Oct 2017. 1) The contract duration will be for a primary period of five (5) years with one (1) year extension option effective from 20 September 2017 and will expires on 19 September 2022. 2)FINANCIAL EFFECTS - The Contract will not have any material effect on the net assets and gearing of Carimin Group for the financial year ending 30 June 2018. However, the Contract is expected to contribute positively to the earnings of Carimin Group over the durations of the Contract.
That means high chance until 2022 Carimin will record profit after profit every quarter although profit amount will be high low. As compared to previous quarter all losses. Maybe they will declare bumper dividend also.
Actually who sets TP one you guys should know la. It is the Company bosses. From my experience, they just won't simply stop here. But you gotta ride through the storm and wait. I think it is worth to accumulate at closing low if it crashes another day.
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....
abang_misai
2,585 posts
Posted by abang_misai > 2019-01-15 05:23 | Report Abuse
When others are fearful, it's time to be greedy.