I see something that most of sellers don't see. I dump all my life saving into this counter and soon I will walking into bank to claim for condominium prize reward.
haha i already said, this shark will collect @0.360-0.370 1 or half cent lower from the support. Sometime it seems like no support at all at 0.360... but actually it's fake. They supporting very welll at 0.360. unless when it break 0.355... so if it goes to 0.350... yu gotta careful. 0.355 is ok.
the most critical thing is issuance of convertible loan stock. if daya issues convertible loan stock ,clearing 40 cts will not be a problem.people keep on buying daya because of potentail profit from convertible loan stock. the more daya goes up , the more you make from convertible loan stock. daya will spiral upwards because of this. How are they going to raise US 180M cash , by march 2014. Only through convertible loan stock, apart from borrowings.Announcement should be made before end of this year . Keep your fingers crossed. that's why I am still holding my 70-80% holdings.
i have loaded on Nova but not on Pw, accumulated a bit only because of high price at 0.70(but cheap). if u believe in the future of BIM, BUY NOVA. IF U believe in value , & that prices will equilibrite to their fair value,buy PW.if you want to bet on O&G growth stock,which has taken a pause but still trending,& share with me the idea that they will issue convertible loan stock, buy daya. I just sold my ytlpower-w at 0.725 to swap to Pw. Pw no movement & ytlpower-w now 0.82 . i only have a very small holding there,so does not really matter. i try not to miss on daya, so holding till now.Hope successful.
i asked my family members to buy at 0.25. But none of them believe me. they say too slow, others up 5-10 cts, but daya up only 1-2cts & most of the time doesn't move even though big volume, & large contracts.
Published: Thursday October 31, 2013 MYT 10:01:00 AM Updated: Thursday October 31, 2013 MYT 10:02:42 AM RHB Research initiates coverage on Daya, Buy call
KUALA LUMPUR: RHB Research has initiated coverage on Daya Materials with a Buy call and a fair value of 48 sen as the research house favours the group’s strong earnings growth and potential ownership of vessels to capture higher recurring earnings.
In a note on Thursday, it said despite a shift in focus to the O&G segment in 2007 from polymers and technical services, Daya has yet to receive the attention it deserves from the investment community.
“We believe this is due to the lack of a solid domestic track record. Locally, Daya has only been involved in the Tapis enhanced oil recovery (EOR) and Telok Gas Development projects,” it said.
RHB said a major milestone for Daya was when its subsidiary, Daya Offshore Construction (DOC), landed two long-term North Sea contracts from Technip totaling up to RM610mil in August this year.
“Management indicates that Daya intends to acquire stakes in the Siem Daya 1 (SD1) and Siem Daya 2 (SD2) offshore subsea construction vessels (OSCVs).
“If finalised, we are positive on the deal despite the group having to take on higher debt, as – assuming a 51% stake in a US$120mil vessel and 75% debt to total asset – we estimate Daya’s share of net profit at RM4.9mil per annum per vessel,” it said.
RHB said it expects expect Daya to achieve 65%, 27% and 6.8% earnings growth for financial years 2013, 2014 and 2015, mainly driven by its North Sea charter contract and higher orderbook recognition from offshore services.
report from PBB new tp=0.45. Likely issue 100M convertible bonds/loan stock @1 for 1 or `1 for 2 at say 15-20 cts. Hold tight & wait for announcement. today volume & price picking up. if announcement is out & ex date is out, will spiral upwards. http://klse.i3investor.com/servlets/ptres/19780.jsp
break the resistance 0.375(MA10),moving forward ^ uptrend as Public Bank IB research mention to TP:45 sen,good fundamental company and secure with many contract and new vessel opening
Apart from loan stock,charters & profits,another thing under the sleeve is Reach Energy listing. Being early investor hope to get say 1 for 20 rights issue to reach energy listing. that will also keep the momentum going.
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....
newbie91
396 posts
Posted by newbie91 > 2013-11-22 20:42 | Report Abuse
The upside risk is unlimited with limited downside risk as the support is strong at 0.36