This is not good....What is this???????????????? Main2 ...sometimes says up sometimes says down...better take profit first....lari kuat2.... my money must be protected!
Guys just parking there first... crude already been suffering one and a half year anytime will rocket up when either one party agree to cut production...
Every o n g quaterly report also not good due to oil prices... This is already expected... What is the fuss.... U expect profit during oil price down... . Surely in your grandpa dream....
With many major oil operators putting halt on drilling campaign.. it is very hard to find catalyst to drive this stock south.. many reasons has to be factored in before any drilling campaign fly...need big capital before engaging drilling rig and oil discovery success rate + production forecast..
Performance Review For the financial year ended 31 December 2015, the Group generated total revenue of RM214.78million, an increase of RM92.65million when compared to the amount of RM122.13million in the corresponding financial year ended 31 December 2014. The increase was mainly due to a full 12 months of revenue generated from the jack-up drilling rig, Perisai Pacific 101 (“PP 101”) for the financial year ended 31 December 2015 as compared to approximately 5 months in the previous financial year ended 31 December 2014 and higher conversion exchange rate. Loss before tax (“LBT”) from the financial year ended 31 December 2015 amounted to RM688.15million, a decrease of RM716.02million when compared to the profit before tax (“PBT’) amount of RM27.86million attained in the corresponding financial year ended 31 December 2014. The decrease in PBT was due to provision for impairment on plant and equipment of approximately RM689.91million and RM35.82million at consolidated level and joint venture level respectively. Excluding the provision for impairment on plant and equipment, the Group generated profit before tax of RM37.58million for the financial ended 31 December 2015 Notwithstanding the impairment on the plant and equipment, the net asset per share of the Company is RM0.56 as at 31 December 2015. For the current quarter ended 31 December 2015, the Group generated total revenue of RM55.25million, a decrease of RM0.52million when compared to the amount of RM55.77million in the corresponding quarter ended 31 December 2014. The decrease was mainly due to discount on charter rate given to client in the drilling segment for the financial quarter ended 31 December 2015 as compared to the previous financial quarter ended 31 December 2014 but mitigated by higher conversion exchange rate. Loss before tax (“LBT”) from the current quarter ended 31 December 2015 amounted to RM719.53million, a decrease of RM736.69million when compared to the PBT amount of RM17.16million attained in the corresponding quarter ended 31 December 2014. The decrease in PBT was due to provision for impairment on plant and equipment as mentioned above. Excluding the provision for impairment on plant and equipment, the Group generated profit before tax of RM6.20million for the financial quarter ended 31 December 2015.
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....
King Kong73
2,065 posts
Posted by King Kong73 > 2016-02-23 17:51 | Report Abuse
Get it before you miss the boat