4 Profit/(loss) attributable to ordinary equity holders of the parent 5,451 Q1 8532 Q1 preceding yr. TA Ventures Ltd JV with Chan Baihang to build & sell offshore vessels. Distribution ratio 60% to TA Ventures. Profit For The Year 8,332 3,879 11,198 13,456 28,785 2010 2011 2012 2013 2014 Is Sibu, Sarawak based helmed by Datuk Lau N Hoh Paid up 180m 0.50. Expect something like Inari on trsf to main board.
It's a growth stock. low debt / gearing Lowest among the oil and gas support players When it was 1.40-1.50 I wanted to buy but didn't So now I went in < below 1.00 it felt good .. See how it goes , but it's super Cheap cheap haha
kk123, Oil & Gas companies in process of going HOLLAND now...belum sampai HOLLAND lagi.... what will be price be when Crude Oil prices hits USD 75, go lower to USD 70 then go below USD 70 next year....
Buy and Hold or Wait and Buy cheaper???....hahahahaha
Sudah recover la .. Check the oil , Dow jones and s&p The crisis is created by those who wanna buy stocks cheap Brent back to $85 a barrel , Dow above 17000 points , S& P back to above 2000 points Don't miss the recovery boat/Sampan next week hehe..
kk123, The U.S. shale revolution has driven oil output to the highest in more than three decades, reducing America’s need for overseas purchases and sinking global prices into a bear market. The U.S. Commerce Department in June opened the door to more U.S. oil exports and US will export more and more.
This is the beginning of the bear. Its not over yet . It is just a technical rebound but US shale oil output will continue to grow due to massive investments over the past years. Libya has not reached peak production as yet. Brazil has discovered new deep water Libra field. Indonesia will embark on CBM Gas...etc. Saudi need to earn Oil money and does not want to lose market share...
In short... supply is growing faster than demand which is good for global economic recovery but not for Oil & Gas industry as it will continue to face price pressures for a while. The premium rates for OSVs in Malaysia was a PAST DREAM. There is oversupply of OSVs now. New negotiated rates will be much lower but OSV maintenance cost will only increase...so net OSV margins will be lower with lower EPS. Lower EPS means lower share price!!
Relax la.. Everybody say doomsdays , but then dow , s& p all record high .. The key is when it's low - you buy , when it's high - you sell Look at the business itself which not gonna change overnight
kk123, Is TAS business margins getting better or getting worse? If it is getting worse, how worse can it get before it stabilize? Let crude oil price stabilize lah..
Well there are many things to consider when playing shares. It's revenue is growing and profit is still there although lower It doesnt have much debt, low PE. At the low now compare with 1.60 Tas is a builder of boats .. As long as got order , their business highly sustainable They got orders from indo and china Not just in boleh land So it seems good .. I m sorry if u have bought high and "cutloss" But now it's low, I buy during the drop - so u can sort of guess what's my entry level which is low , and I think this co still cheap
"TAS Offshore aims to be one of the top ship builder in South East Asia by 2015." You go to their website to see picture of boat they build. http://www.tasoffshore.com/
Well looking at the trend and technicals and it's financials - unlikely I shld have bought more during that panic time , I bought too little haha What's ur entry for this stock ? Or have u cutloss or what?
I also want to turn back time to the moment just 2-3 weeks back and buy When people throw their belonging cheap , it's always good time to buy But I am not a good mkt timer so i just buy and hold My entry for this still low but could have been lower If I can buy at lowest and sell at highest maybe i can be like warren buffet , but I don't have that abilities haha
kk123, If oil price goes back to USD 100/bbl or above, yes it can become a aircraft carrier. Likewise, if oil price goes below USD 80/bbl, hovers around USD 75/bbl and maybe go below USD 70/bbl, it will become a raft instead of a boat as it is now. What is the price of a raft compared to a boat ?? The past biz projections is no longer valid. Does any major Oil & Gas company knows at what level the crude oil price will stabilize? In fact major Oil & Gas companies had scrapped all projects with production cost of USD 80/bbl and above. Can scrapped projects order new OSVs???? Can oversupply of current OSVs command premium price in next contract negotiations??? The new reality is new OSV rates will go down further even if oil price stays at current price levels.
Low Oil price wont last long. Oil is a limited resource. Even saudi arabia initiate price war to cast out small producer also will be a short term strategy. It will hurt their profit in the long run.
watever is the oil price, my petrol consumption still the same. i believe most industry still using the same amount of petrol. the demand wont drop. so the oil company needs to produce the same amount of oil. so they still need to replace theirs ships if spoilt. so tas wont be affected right?
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....
as1915000
1,010 posts
Posted by as1915000 > 2014-10-27 15:07 | Report Abuse
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