Offshore support oil and gas counter peeps..very undevalued stock.make money some more..low gearing..come on guys..this baby is ripe for a takeover to consolidate thr market
king kong, where do you see a profit? I have checked and its 4th rolling quarter shows a loss of 2.09cts todate. You better recheck the result. NTA wise it is 86cts with no PER or DY. Its purely a technical play stock.
It would appear that someone kept on dumping the shares to push down it's price to RM 0.335 level. The dumpers could be made up of long suffering & fed-up investors that had held on to it's shares since IPO days in 2008 (RM 1.25) or contra players (T + 3) had been caught by the recent short-lived uptrend. Any idea?
i will pick it up if it goes below 33sens...established oil and gas support service player with distinct competitive advantage of having a base at Miri..all their existing boats are fully chartered out and utilise cause of lack of supply in the OSV market in SEA...a matter of bagging a few more new shipbuilding contracts that will give it the juice it needs to go more than 50 sens and beyond.
Other than the 30 largest shareholders (85.68%) there are 14.32% of combined minority shareholders holding approximately 71.6 million shares. Assuming that the 30 largest shareholders don't sell their holdings, at this rate of dumping there will be no more shares left to dump by the minority shareholders therefore the only direction for the share price theoretically is UP.
most oil and gas counter has gone beyond their 52 weeks average high...sealink is just a matter of time to go zoom past 41 sens..second quarter results will be very positive.
A lot of dumpers at RM 0.355. KWSP has dumped its entire stake of 17.458 million shares in Sealink Berhad between 2010 to 2012. I wonder which other institutional investors are doing the dumping now in 2013?
Yes, I agree. Today is T + 4 settlement for 22 Jul 13 (Monday) fizzled-out uptrend and 29 Jul 13 is T + 4 settlement for 23 Jul 13 (Tuesday) fizzled-out uptrend. Essentially, today and Monday there will be some force-selling imposed on contra play. After that .......... ???
Oil price in asia..is all time high. Oil and gas related counters is rock steady as long as oil price remain high..demand for oil and gas is insatiable especially frm japan and china
Based on the 2012 Annual Report, the 30 largest shareholders held around 85.68% or 428 million shares as of 1st May 2013. Can anyone predict correctly the major shareholder (from the 30) of whom is selling down the shares aggressively for the past 3 months? Great Eastern Life, maybe?
O&G stock daya pun sudah move, why sealink so slow one, wait so long time already, reseach house comments not bad about this stock, NTA high also but macam kura-kura...
Punters switching focus to oil, gas penny stocks such as Daya, Sona and Sumatec, hopefully the next one in the "sleeping gem" 睡美人 - Sealink !!! All time low at RM 0.31, once rebound sure kaw kaw , so must wait patiently..zzzzzzzz
Taking it private is a possibility..but sealink is better off merging with anothrr osv player that has petronas license..to create biggest chartering player in oil n gas..scomi energy...bumi armada...coastal contract
Uzma having the same chartering business with the NTA (0.75) compare to Sealink (0.86) listing at the same day, but now sailing to the north compare to Sealink, hopefully Sealink will get the right compass to sail to the north too.
75% below IPO price, 63% below NTA, no shares buy back program, shares prices depressed/suppressed & arbitration case with Boustead Penang Shipyard don't know who had defaulted on the shipbuilding contract, meanwhile the directors continue to draw their remuneration and enjoy their perks.
My opinion - buying Sealink at current price is like buying new accord by paying persona price ! Its IPO is RM1.25 compare to the price now RM0.32 75% discount!!!
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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....
King Kong73
2,065 posts
Posted by King Kong73 > 2013-07-16 19:15 | Report Abuse
Go..go..worth more.than 40sens.counter..making money some more