Daya's boss is planning for 4th SPAC to boost its O & G business.I think, it should be good because he is very experience in E+P sector of O & G industry. All Daya supporter should look out for this one.
However, at this level, I think Daya is a Sell.It has gone up for abount 8 session already. Will look at it, if retrieve, if not, then I'll give it a pass.
Did my homework and been holding since 0.25.. I believe this counter is worth holding on.. Atleast until 2nd quarter result or else 'putih mata' later ..hah ha
Let them sell, if they can buy back at lower price n make profit, good.. But I dont think it will go lower than 0.335 for now. I am waiting for end month news - Merdeka ang pow..good to accumulate now
Daya upward momentum is still intact,just need to consolidate before charging.One can still make money buying and selling and make 1-2cts profit.Buy and keep.
PROPOSED JOINT VENTURE BETWEEN DAYA PETROLEUM VENTURES SDN. BHD. (“DPV”), A SUBSIDIARY OF DMB, CUTECH SOLUTIONS & SERVICES PTE. LTD. (“CUTECH”) AND WIRAMAS BAIDURI SDN. BHD. (“WIRAMAS”) (“PROPOSED JOINT VENTURE”)
The Board of Directors (“Board”) of DMB is pleased to announce that Daya Petroleum Ventures Sdn. Bhd. (“DPV”), a subsidiary of DMB, had on 15 August 2013 entered into a Shareholders and Joint Venture Agreement (“SJVA”) with Cutech Solutions & Services Pte. Ltd. (“CUTECH’) and Wiramas Baiduri Sdn. Bhd. (“WIRAMAS”) to jointly venture into the businesses of provision of inspection services, non-destructive testing (“NDT”) and advanced NDT services, cathodic protection, piping and fabrication projects, underwater and subsea services, technical training and certification services, technical manpower outsourcing, engineering, procurement and construction (“EPC”) projects, electrical and mechanical projects in Malaysia (“the Businesses”).
The Businesses shall be undertaken by a single-purpose joint venture company named Daya Cutech Inspection Services Sdn. Bhd. (“DCIS” or “JV Company”).
can still buy but need to hold.good fundamentals and still very cheap O&G counter.Its consolidating and waiting to go up once ths chartering of Siem Daya 1 is confirm.The 2 qtr end of Augresult is expected to be good.SPAC listing if confirm will definitely push the price higher.
RE DAYA jv with custech for OG non destructive testing. Daya now is trying to do much of the oil & gas contracting/services work which augurs well when they become the owner /operator. It will become a developer/contractor model i.e. JV partnership operator/(O&G contractor)((Reach Energy /Daya ) which is the most lucrative model. They are very aggressive but prudent/smart in your new MOU's. New opportunities exist to break new ground but prudent in capex . e,g new siem daya charter with crew ( so that no anticipated execution problems). They are in the best position to raise SPAC since they are the contractor's themselves, able to estimate the bottomline accurately. They will finally award projects to themselves. Reach Energy to Daya. Hopefully a 2 bagger next year & 10 bagger 5 years down the road. KUDOS DAYA mgt team.
Daya still in accumulative phase , I think. Many still want to accumulate.When everyone is selling then it will go up like mad, because they want to get highest price.When in accumulative phase people want to get as low as possible subject to demand /supply. Daya still in great demand but is waiting for greater earnings and hence price breakout.After the breakout,people will anticipate earnings from then. Are earnings going to be even higher. If yes, then it will rally again.I believe daya is such stock.Everyday top 20 with slight price breakout when top 3. Good luck to all daya holders.
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....
bulleyes
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Posted by bulleyes > 2013-08-14 09:12 | Report Abuse
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