Investment bank from both RHB & Public set tp price at 0.43 & 0.48,.everyone rushing to buy including me. Now they downgrade the price after a cash calls by daya as a result of deluting share value & most investors including me is cashing out. This game actually manipulated by investment banker. They sold before news out & we are the one stuck with it.
Zero hope oready.. still can going further south.. until it flat lerr.. then only can think about it.. always remember, bank and stock don't love u but only ur money. Be real and dont stuck here..
Dont be panic as overall market is in red.. hold on dont panic as this is the trick of big fish to eat up all small fish at discounted price...TP at least 0.40 is achievable
currently price is adjusting to reflect the right issue. same like we companies announced dividend. im just hoping quarter result will at least boost this counter for a while since they still hold shares in Reach. Hopefully.
Also i notice if Reach share move up, so will this counter.
Not going to hold for long term so y-o-y not important, only q-o-q. Forumers here were quite pessimistic about Daya's fundamentals before Financial Report was released. Hope people are more confident now.
Daya can perform...but the problem is they are still newbie in OnG sector...they dont have enough experience n fund to operate this sector...as Daya finalizing to focus on OnG sector they sold all unwanted division...they invest in Reach around 10%...if Reach can find contracts and make profit it will boost daya performance...some more...Daya oso already began operation in North Sea...it all depends on time...still in zeroing agreements and acquisition..by next year Daya will full gear in production....
pengwin, after the Rights, Daya's gearing will be 1.1x, which is huge! the other question is can Nathan grow Daya without Mazlin? if not, the gearing will eventually kill the company.
hard to say for now, wait for a couple of quarters after the Rights, and see the performance, whether their O&G venture pays off or not.
wtf, acquisition of vessels and right issue -> price decline. Good financial report -> price decline. Why nobody want to believe Daya? Or is it someone playing games?
Q/Q Performance 1) Polymer segment - Consistent revenue at 5.9mil 2)Oil&gas segment - up 25% to 96mil (north sea project) 3) Technical services - big up 50% to 71mil
Q/Q and Y-to-Date revenue & business showing good but profit drop due to high operating expenses and set up cost of subsea business.
RI for 2 vessels. Director resigned and joined Reach. Many uncertainties due to arbitration case
Nathan Tham background is a banker. Wonder whether he can grow Daya without his technical sidekick Mazlin. Remember it was Mazlin who pushed Daya into the O&G sector.
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....
Steven Tan
393 posts
Posted by Steven Tan > 2014-08-26 18:12 | Report Abuse
Kns... can not comprehend at all why such good counter could drop like shit lo..