Finance market is a money game, who's has the control to alter the figure, he's the winner. All punters like us just merely their follower to steal some leak out! Jangan terlalu pandai like to read news, announcement, report etc. All are being made up with intention. Good luck to all.
if you gonna pump in more money to a losing counter to average down in which you do not know where is the lowest...you better cut loss and go to another uptrend counter that you stand a better chance to recover....its over for daya..cut loss
Dragonfruits, a lot of people here actually commenting with a certain degrees of bias. Based on their postings you can see they are recommending to buy a competitor company in the same industry while asking others to sell others. At the end of the day, you don't know us and its best you do some homework and study on intelligent investor notes, if you wish to invest and not speculate. If you have to ask for advice you would need to ask on the facts or numbers which support the recommendation to buy or sell. Good luck!
my opinion.. push down to go higher... remember SD1 and SD2 start operation on early March. the total contract with Techniq is 7yrs for RM250mil to RM440mil. Depends on days of chartered.
Wong, if your figure is correct, is it fair for me to say that that is a guaranteed additional revenue of RM35 million revenue for year 2014 onwards? From the annual report it stated that there is minimum annual charter of 100 days for this contract, which mean there is still another 260 days which Daya could lease out its SD1 and SD2 to either technip or other players.
All indications above are positive ( although sometimes they have hidden agenda) and Daya's account book recovered until Mazlin's resigned as CEO, which triggered what we know as panic selling and butterfly effect.
For some reason, I personally think that Mazlin's resignation was as well-publicized as all other Daya's related news. We would never know what Mazlin is up to, until he took the next job, well speculated to be in Reach Energy, which Daya also has a stake in it. Whatever businesses this company get, Daya would get 7% of the profit.
If you trace the company announcement well, he has been transferring the shares to his brothers as early as back in 2012 when the company was profitable. Perhaps he really has been paving the way for succession planning without trying to alarm the investor too much. If i am the main shareholder i would probably be doing the same thing, if i forsee that i would be leaving in a few years.
But then, if i am the biggest shareholder in the company why would i chose to resign as CEO a quarter after the company recovered from the worst losses in the history of 7 years? Would'nt my action would pushed down the share price further? Could this be because Reach Energy? Mind you Reach Energy is helmed by Shahrul Hamind Mohd Ismail is also director of Daya Maxflo Sdn Bhd, a subsidiary of Daya.
If i am Mazlin, i'd use my fund to subscribe to Reach Energy. Although this would push down share price of Daya but the IPO would make me richer by many folds. Needless to say he still can gain from both Daya and Reach energy when the news broke out that he is joining RE. Mind you RE would be needing Daya's expertise and would subcontract to them. Maybe this is the reason why Mazlin said next company would be Kaya, not Daya. Its a win-win situation for Mazlin.
selling down, no significant reversal pattern spotted yet, anticipating that the potential bounced back to be around 0.27-0.28 :) The selling down is expecting to continue ...
@Livestrong, a really hardworking post... I also own Daya,
However, may I ask on your statement you wrote:
"We would never know what Mazlin is up to, until he took the next job, well speculated to be in Reach Energy, which Daya also has a stake in it. Whatever businesses this company get, Daya would get 7% of the profit. "
How can Daya take 7% of the profit? I think Daya has only 1.74% stake on Reach Energy. And it will take months and years for REACH to be profitable.
I believe the selling down will still continue or sideway at 0.28 for few weeks..
Hopefully the financial result for 2nd quarter is impressive..
of course, market are filled with chartist and speculators who understand little or trying to understand value but wants to short sell based on buy and sell spread and make profit overnight.
But Daya already indirectly paper gain on Reach energy share. They subscribe at 45cents. Market or Ipo price 72cents or something (cant remember exact amount)
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....
Sex Hong John Foo
563 posts
Posted by Sex Hong John Foo > 2014-07-11 12:51 | Report Abuse
Next week , if no positive news , tp 0.25cts