SvMs my view ...hold...reason...price rebound from dynamic support100 EMA at 99 as in the past...fibo retracement at 61.8% at 99....hidden bullish rsi divergence....price to close at 1.00 to 1.02 on the basis of the fore mentioned factors...a harmonic pattern that probably end at 1.07 ...in the short term
Its quarterly eps gives a pe of roughly 15 at its current price. Noted that its NTA has gone up impressively from 38 sen to 52 sen. Its high growth businesses i.e .petroleum, it, wafer etc could generate more eps in the quarters ahead. Hopefully
LONDON — U.K. Finance Minister Rishi Sunak has imposed a windfall tax on oil and gas majors as the government scrambles to alleviate the country’s worsening cost-of-living crisis.
The measures come a day after a deeply embarrassing investigation into lockdown parties at Downing Street and amid sustained pressure on the ruling Conservative government to do more as soaring inflation pushes up the price of everything from food to fuel.
“The oil and gas sector is making extraordinary profits not as the result of recent changes to risk-taking or innovation or efficiency but as the result of surging global commodity prices driven in part by Russia’s war,” Sunak told lawmakers in the House of Commons on Thursday.
“And for that reason, I am sympathetic to the argument to tax those profits fairly,” Sunak said, prompting jeers from opposition lawmakers.
Sunak said the government is imposing a “temporary targeted energy profits levy” with a so-called “investment allowance” to incentivize oil and gas firms to re-invest their profits. The new levy will be charged on the profits of oil and gas companies at a rate of 25%, before being phased out when commodity prices return to more normal levels.
The decision to impose a windfall tax on energy companies marks yet another U-turn for Prime Minister Boris Johnson’s government. Sunak had previously rejected the one-off levy, saying that while it sounded “superficially appealing” it would ultimately deter investment.
Opposition lawmakers have repeatedly called on the government to impose a one-off tax on energy majors, saying the move would help to fund a national package of support for households.
Britain’s oil and gas giants BP and Shell reported massive quarterly profits earlier this month, as they benefited from surging commodity prices during Russia’s onslaught in Ukraine. It has fueled calls for the government to tax their surplus cash.
“Today it feels like the chancellor has finally realized the problems that the country [is] facing,” Rachel Reeves, shadow finance minister for the opposition Labour Party, said in response to Sunak’s statement.
Kind of a disappointment...when oil went up, Dnex didnt go up, when Tech move up, DNex stays... now, when winfall tax on oil.... DNex kena despite having good QR....
Anasuria, for past Q, UPTIME was only 68%. Parts for replacement may take a while. Repairs completion expecting in 1st or 2nd Q 2023. Next 3 Q...........not much to see.
Firstly this is not a speculative counter relying on business performances from QR to boost prices especially contribution from the Technology / semiconductor segment.
DNEX took over a very sick company in all aspects including management. This has been corrected including using funds to improve reliability, productivity and quality of EXISTING facilities. This has been done and it shows in the numbers including rising ASP.
You may have contracts including long term utilising 60-80% of your capacity but you don't get paid if you don't ship quality parts or have same capacity for EACH of those products from front to back.
A simple analogy will be a car manufacturer. you can make 10K engine blocks but your transmission can only make 3K auto and 2K manual. So you can only sell if you are lucky a max of 5K
I do not think quality has been spectacular in the past.
The second phase which is to expand capacity by 10% is expected to complete in early 2023.
So you can expect revenue to go up after that period. Not overnight.
Then there is the recent MOU which have not much details at the moment so I will refrain from making any comments except to point on raising of capital by DNEX (endless possibilities) and time taken for the first product to roll-out - expect 2.5 to 3 years.
Therefore please do not expect massive contribution from the Technology segment so soon and translate that to share price or contribution from the segment.
The other segment that is showing profit is IT despite of a monopoly of trade facilitation while consulting / system integration is a very challenging environment. Trade facilitation would remain the main growth in this segment especially if trades take off and regional trade RSW implemented efficiently.
We appreciate people like jwblacklabel who has been sharing with his thought and opinion. NOT condemnation with sarcastic criticism using foul language. Humbleness can only earn respect. Even with mighty wisdom without humbleness is nothing more than self praising.
Hahaha.....toothless grandpa David still hiding behind other's skirt. Been smacked too many time, right? You want to give social advice, please start with them baboons. And teach your grandchildren to fend for themselves for this is an ugly world.
Fox said, "give you 1 year, show us the money" and it's not just pennies in your pocket....it's RM8.8 Billions........Unlimited ways to raise funds? This amount?
Sjcm, Aiks this s@ohai Trevor also got play hibi? Btw s@hai Trevor, u x lari meh? So big volume? U catch more ar? We clean this stock at the top there oh. Clean clean now.. seeing wanted to come in Dnex. Saw you damn taikor here oh. What a good 2 weeks. We in feeka enjoying coffee after a good bike work out. Wanna join n discuss stocks?
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....
Trevor777
3,055 posts
Posted by Trevor777 > 2022-05-27 15:53 | Report Abuse
Hahahahaha......