i dont know. if i purchase it @ spot. it drops to .42, then it stays there for months, a tad pointless for the .185. Would be taking back my own $..... Russ, 8stars, what's your TP for this counter?
hmm, then let me push alittle further and ask this: why is there an arbitrage of 10 cents, based on current 0.5 prx. Shouldnt insiders or ppl that knows it shld be 0.6 buy in now? vol. isnt there, prx not moving. I'm just questioning why the prx is 0.5 right now. Trying my best to learn and understand. Wld be glad if you have the answers. Thanks again dark knight.
0.295. after spitting out the cap. repayment. Based on your 0.6- 0.185=0.415- current spot= 0.12 "arbitrage" or should i say it's "loss" right now.... lol.
I'm not holding this stock,but just for sharing for you guys reference. Scomi Marine (SCOMIMR, 7045,), (Kuala Lumpur, the 10th) in the second half performance likely weak, but Scomi Oilfield (SOL) is expected to become the main business growth next year, driven by the 2013 fiscal year earnings doubled to 120 million ringgit. RM 5.4 million of special charges due to the streamlining of operations and terminate employees Subscription Plan, Quarterly Scomi Marine second quarter net profit fell 45% to 8.9 million ringgit, management admitted that the the Indonesian shipping fees frustrated and lower the amount of coal will be dragged down under half of the performance. Nevertheless, Wong Vickers optimistic about the company in the year by end completed the acquisition of Scomi Oilfield plans, estimates Scomi Oilfield drilling fluid and drilling management services continued strong demand performance can be expected. The bank foresees the to Scomi Marine for RM25 million net profit in the 2012 fiscal year, the oilfields of material Yinshigemi next year, an increase of up to 167% year-on-year to 120 million ringgit. Scomi Oilfield orders amounted to 10 billion ringgit, is not credited as the bidding reached $ 1.5 billion, these contracts powerful risk service contract will be awarded in the years of its lowest oilfield may also be a catalyst. Huang Vickers also believe that the oil and gas services Scomi Marine the earnings main, ocean engineering vessels (OSV) and oilfield services is estimated to account for the 2013 financial year turnover up 77%, oil and gas capital spending this year to rise 11%, also for bring more business opportunities oilfield services. The line to the reasonable price of 43 cents, which means a potential increase of 41%. The bank believes that the stock is now only 5 times the trading of the 2012 financial year earnings per share for the cheapest stocks in the Malaysian oil and gas stocks. (Sin Chew Daily / Finance) http://biz.sinchew-i.com/node/65013?tid=18
haha batman u beat me to it - I was about to call Batman bringing out the light and shinning thru the dark sky but it's damn bloody cold here :) yaya I still have this but still on the losing trade as I bought years ago - hopefully it will at least enough for me to break even and all the best for u too as u have patiently waited all this while. More to come - Cheers:)
yes yes this one many left for business class -infact I just got a couple of front aisle - paid a bit premium at .39 because I want to get down the plane first:) besides if go to the loo also easier hehe
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....
garyoupe
6 posts
Posted by garyoupe > 2012-07-19 10:31 | Report Abuse
Here we Go