I'm working in client/producer company, and i do not see any increase spending spree just because today oil up until $52. More we are cutting cost here and there to protect profit margin..
wow brent crude shoot up so fast, next quarter perisai will announce reduce debt, then those big boy will start goreng up to 0.15, if oil further up, big boy will goreng further by releasing more good news that push perisai lao sai rocket up and earn pocket full.
haha Tan, i think u also wanted to buy at cheaper price right ? that y recently so many ppl come to this forum to give free advice, otherwise u will not come to see what i wrote already. I also wish it will drop to 1 cent, but none of u will believe it will drop to 1 cent
The Company wishes to provide additional information on the Earlier Announcements.
1. At this present time, there is no confirmed time frame for the indicative offer of financing from the financial institution. However, Perisai and Emas Offshore Limited expect that the offer would be made soon.
2. The principal and interest under the MTN are due on 3 October 2016. As provided under the Trust Deed governing the MTN, the Company and Perisai Capital (L) Inc await a notice from the Trustee that the same are immediately repayable. The default would be able to be determined thereat.
2. The principal and interest under the MTN are due on 3 October 2016. As provided under the Trust Deed governing the MTN, the Company and Perisai Capital (L) Inc await a notice from the Trustee that the same are immediately repayable. The default would be able to be determined thereat.
not looking good, beware! creditors and bond holders chasing payment right and left....RM1.3b debt so big how to clear? sell assets to pay will increase chances become PN17.
Other major shareholders in Perisai include Lembaga Tabung Haji with a 5.86% stake and the Employees Provident Fund with a 3.07% stake, according to its latest annual report.
"As the primary cause of the insolvency is the inability of Perisai Capital to repay the principal and interest of the Notes due, Perisai Capital intends to reach a mutually agreeable solution with the Noteholders based on the availability of the Indicative Financing. It is expected that this resolution would include a restructure of the due date of the principal and interest of the Notes, thereby rendering Perisai Capital back to solvency."
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....
mamatede
3,950 posts
Posted by mamatede > 2016-10-06 22:48 | Report Abuse
I'm working in client/producer company, and i do not see any increase spending spree just because today oil up until $52. More we are cutting cost here and there to protect profit margin..