Najib brother Nizam Razak counter. With Muhyiddin sacking Najib firmly in power for next 3 years. Najib has power to sack PETRONAS CEO if he fail to perform just like the people he sacked last week. Expect contract to flow from PETRONAS. Public Invest TP RM 1.88 maintain.
Shamsul Petronas ex says new technologies for shale O&G have brought down the break-even price level for production to be feasible at between US$12 and US$24 (per barrel)...
Oil glutton industries... BOOM industries for many many years to come...
Oil and gas industry.... DOOM industry for many many years to come...
Notice of Shares Buy Back Immediate Announcement Date of Buy Back : 09/09/2015 Description of Shares Purchased : Ordinary Shares of RM0.50 each No. of Shares Purchased : 50,000 shares Minimum Price Paid For Each Share Purchased : RM 1.040 Maximum Price Paid For Each Share Purchased : RM 1.050 Total Consideration Paid : RM 52,300.00 No. of Shares Purchased Retained in Treasury : 50,000 shares No. of Shares Which Are Proposed To Be Cancelled : 0 shares Cumulative Net Outstanding Treasury Shares As At To-Date : 652,800 shares Adjusted Issued Capital After Cancellation : 0 Date Lodged With Registrar of Company : Lodged By :
Nizam Abdul Razak is Penergy substantial shareholder and a brother of our PM Najib. When PETRONAS cut capex this year is Penergy gaining at the expense of others?
The key question everyone is asking is "Have we seen the low of crude oil price?".
If your answer is "Yes...there is a possibility of further downside for crude oil price but not materially significant downside in 2016 and beyond then the decision is quite easy to make....however one may choose or want more time to market time at buying at relative lowest low but the end result will not be of much significant difference in the future if one perceives that there will not be much material and significant price difference between current crude oil price and the perceived lowest price for crude oil price in the near future ...
Be mindful and always be respectful of the fact that the market is ALWAYS AHEAD in its discounting ability mechanism....much far ahead than the average investors..
In the stock market everywhere is this world, there will always be the prophet, the follower and the Fools....the Prophet gets in early before anyone noticed it, the follower gets in after the initial price surge and the fools get in at near peak of the stock price..such is the way of the stock market for GENERATIONS...
WTI hit low of USD 40.06/bbl early morning on 17/11/2015 despite all the bad news and fears of Oil Glut. This is the second lowest price. The lowest price todate was USD 37.75/bbl on 24/8/2015...almost 3 months ago
Will the market confirm USD 40.06/bbl as the higher low in the foreseeable future???
Waiting for Public Invest revised TP. Cannot still be RM 1.25. 6 sen special dividend plus 2 sen final dividend meaning 8 sen dividend or 5.4% DY at RM 1.48.
Rolling 4Q EPS= 13.12 cents/share. Forward EPS for 2015= [(0.65+4.63+6.20)/3 Qtrs] x 4 Qtrs= 15.30 cents/share Forward EPS > Rolling EPS by +16.67% indicating that there is further future upside to its share price.
Its EPS had increased over the past 3 Qtrs from 0.65 cents/share to 4.63 cents/share to latest 6.20 cents/share. Good positive improvement.
It has vastly improved on its net cash and cash equivalents & Net cash flows in YTD Sept 2015 over 2014 comparison:
Net Cash & Cash Eqv Net Cash Flows YTD Sept 2015 RM 112.06 Mil 55.884 Mil YTD Sept 2014 RM 31.589 Mil 19.073 Mil
It attempted to breakout of immediate resistance of 1.42 twice over past 10 days but retraced back. Today it successfully broke out of immediate resistance of 1.42 on its third attempt and latest morning closing of 1.46 is a good sign.
It has to consolidate and stay above 1.42 support prior to further upward price movement
Yes share buy back and 6 sen special dividend is good for shareholders. One of few O&G counters which manage to shine in this year challenging oil price. In fact Penergy report better profit than last year.
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....
rlch
4,142 posts
Posted by rlch > 2015-07-28 12:40 | Report Abuse
CIMB move up strongly today. When is Penergy turn? Both also Najib brothers counter.