Be greedy when others are fearful-Warren Buffet. Not many counter can give 10 sen dividend at Penergy price. Next mth 4 sen dividend coming. Any oil price rebound is good for Penergy.
The company should disclose how it arrived at the RM12m profit contribution from KBM despite the strong recovery in oil prices from Q1. The average WTI in Q415 was US$43 and the profits from KBM was RM34m and the average WTI in Q216 was US$46 but the profits were significantly lower.
The company should disclose the amount collectable from its KBM as contingent assets for the benefit of the shareholders. The RSC promised a minimum IRR on investment to be recovered from future oil proceeds.
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....
Koon Bee
283 posts
Posted by Koon Bee > 2016-01-21 23:02 | Report Abuse
Yameah? My photo look like paper?