So, will its bloody plan get it out of PN17? When will we know if the bloody plan will be accepted by its bloody creditors and bloody SC? it's getting bloodier & bloodier each day...and bloody time is running out..
I m leaving for now from here..since this forum is all cakap kosong without concrete FACTS or BASIS for the comments...general statements, fine, but not simply cock talking like this stock will go up when nobody knows..
huge impairment loss is normal for O&G counter. its liabilities decreases 130 milllion YoY. Beside of impairment loss, there is no other matter. Operation is still going. Be calm.
negative NTA is due to loan. Perisai has settle with creditors, it wont affect the regularisation plan. Just i wonder is the right issue price should be determined by market WVAP at LPD
On 14 March 2018, SJ Securities announced on behalf of the Board of Directors of Perisai that after due consideration of all facts and circumstances of the Application, Bursa Securities has vide its letter dated 14 March 2018, granted the Company an extension of time of up to 11 June 2018 to submit a regularisation plan to the regulatory authorities.
On 18 May 2018, SJ Securities announced on behalf of the Board of Directors of Perisai pursuant to Paragraph 4.2(a) of PN17, which sets out the Company’s Proposed Regularisation Plan comprising the following proposals:-
Proposed Share Capital Reduction and Consolidation; Proposed Fund Raising Exercise; Proposed Debt Settlement; Proposed Share Issuance; Proposed RCULS Issue; Proposed ICULS Issue; and Proposed Liquidation of Subsidiaries. Further development will be announced, as and when necessary.
So far only Dialog, Bumi, Yinson and Hibiscus are gerating good profit when oil price up. Dialog is sure win with Pengerang, Hibiscus the only real oil producer, the rest of are service companies rely on oil company for job: barakah, Uzma, Perisai, Icon, Alam, UMW, Petra, Carimin, Scomi, T7, many more all are in deep trouble, so the choice is easy, don't buy on what people told you, do you own calculation. Also stay away from oil companies associated with Khazakstan like Sumatec and Reach, too much fishy. Best bet in this oil cycle up will be Hibiscus, next Dialog, then Yinson and Bumi.
stock trading is all about the risk...more risk more profit..but most important minimum investment capital but later max. profit. Thats why we choose perisai because price very cheap but has potential to go higher. You can invest in other o&g share but you need more capital but you get less profit. cheers!
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....
Huat 888
330 posts
Posted by Huat 888 > 2018-05-21 14:08 | Report Abuse
goin 0.03..fast sell n run