So Straits now depend on CBL to get investors trust to survie Straits it self the life and poor management and busuness are as usual rekaxs and makan gaji.
straits is an investment and holding company. CBL is of the companies which they have invested, rm15 juta, Hari ini return of investment even at market value rm120 juta. Nett paper profit rm 100 juta. for Nasdaq there ia lock up period of 6-12 months. hopefully Straits will realise the profit after the lock up period expires. Cicakman if u think Straits bad investment, bad management u shud just exit this counter la. Why keep on complaining about this kaunter unless u hold substantial shares in it.
Based on 8,075,000 quoted shares of CBL held by Straits, the market value of investment in the associate company CBL quoted shares for today 6.6.2023 should be 8,075,000 x 2.775 x RM4.605 = RM103,189,415.
*The cost of investment if truely reported in their QR report ended 31 March 2023 is at RM28,483,000. TAYOR
ini kapal selam , masuk bikin 0.005 pun sudah . And today volume as of now 100 units ?? Someone so desperate to pay RM11.50 for this !!! So it stay 0.115. Green unchange
What happening today? Looking at the time vs transactions, seem like only few people involved and at times trying to push up the price to 0.11 with only 100 units and 200 units at a time while disposing at 0.105 continuously Then towards end trading day, huge volume of demand @ 0.105 ??
Revenue reduce but net profit improved. Shouldn't this good? Better cost managed. In oil bunkering and trading revenue moves with the commodity price . It do not really justify the performance . I would prefer to look at it net profit
This counter is Very Stable (little volatility) . Seems that syndicate is making money on the spread, rather than the swing. They keep 0.11 as the anchor and trade both sides of it.
: Straits Energy Resources Bhd's 70%-owned subsidiary Straits CommNet Solutions Sdn Bhd (SCS) has accepted a RM27.74mil contract from main contractor Tianu Sdn Bhd for the installation of aluminium XLPE underground cables and accessories for the asset development of Tenaga Nasional Bhd.
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....
cicakman
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Posted by cicakman > 2023-06-02 07:52 | Report Abuse
So Straits now depend on CBL to get investors trust to survie
Straits it self the life and poor management and busuness are as usual rekaxs and makan gaji.