longlong

longlong | Joined since 2017-01-15

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Stock

2017-03-14 16:27 | Report Abuse

current share issue = 720 m

exercise right share 2 for 1 & bonus 1 share will increase share issue 700 x 2 & 700 = 2100 m

another private placement 200 m

enlarge share issue = 720 + 2100 + 200 = 3020 m


PWORTH forecast earning in
2018 = $19455895
2019 =$30698488
2020= $33441323
2021= $32829873


Giving the highest earning which is $ 33441323 in year 2020, each enlarge share will earn
$ 33441323 / 3000m = $ 0.01115

PE 10 = $ 0.1115
PE 20 = $ 0.223

Stock

2017-03-13 17:38 | Report Abuse

CX settlement price = = 0.62719


7/3/17 value : $3560995.50 vol : 5 744 800
8/3/17 value : $1992596 vol : 3 185 000
9/3/17 value : $1404314 vol : 2 261 800
10/3/17 value : $2348632 vol : 3 812 100
13/3/17 value : $7038461.50 vol : 11 057 000

All value : $16 344 999 vol :26 060 700

vwap = $16 344 999 / 26 060 700
= $ 0.6271895612934418


CX closing = $ 0.015
Exercise = $ 0.60

Earning = $ 0.62719 - ($ 0.60 + $ 0.015) = $ 0.62719 - $ 0.615
= $ 0.01219 OR 0.012189561293

Gain = $ 0.01219 / $ 0.015
= 81.26 %

Stock

2017-03-03 16:20 | Report Abuse

healthy correction

Stock

2017-02-28 11:36 | Report Abuse

warrant at 0.09?

Stock

2017-02-26 13:53 | Report Abuse

It is now speculative as warrant move first. Realize gain at profitable level.

Stock

2017-02-22 12:58 | Report Abuse

Earning forecast:

OGPC : 20 million

PING Petroleum : 18 million (Oil price at US 40)

Information Technology : 10 million (Previous financial year is over 10 million)

Umbrella Contract (directional drilling unit) : 5 million (contract value US 70 million, 70 million x 4.0 over three years, one year equivalent 93.33 million. Net profit calculation is 5% of 93.33 million )

Earning : 20 + 18 + 10 + 5 = 53 million
Eps : 53 / 1734 shares = 0.0305 cents

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With higher oil price, every US 5 increase in oil price will give 3-5 million upside in earning projection. Oil price is now over US 50, expect another 10 million in earning.

Evaluation of earning contribution of eWork Permit
333k permit will translate 10 million in earning.

Higher oil price and eWork Permit will increase earning at 73 million level.

Eps : 73 / 1734 shares = 0.0421 cents.


If PE evaluation of eWork Permit at high range, share price will move higher in tandem.