Scomi Oiltools Sdn Bhd Inks a Deal with Handal Resources Bhd for a Joint Collaboration in Africa and the Middle East Jan 24 14 Scomi Energy Services Bhd unit, Scomi Oiltools Sdn Bhd, has inked a deal with Handal Resources Bhd for a joint collaboration in Africa and the Middle East. The companies will supply modular workover rigs, offshore pedestal cranes and repair and maintenance services to oilfields in both regions. They will spend the next six months formalising arrangements in relation to the proposed collaboration.
Let's hope that with SCOMIES going north, there might be some likewise movement for HANDAL...:)
KUALA LUMPUR: Handal Resources Bhd's wholly-owned subsidiary, Handal Offshore Sdn Bhd, has secured a RM16 million contract from UMW Petrodril (Malaysia) Sdn Bhd. Handal Offshore would provide oil and gas cranes and related accessories to UMW Petrodril for 24 months and effectively, it would be a sub-contractor for UMW Petrodril to serve the requirements of the national oil and gas company, Petronas.
Handal Resources chief operating officer and executive director Zahari Hamzah said the contract was a boost for its integrated crane services segment.
"This new contract brings our total order book to over RM260 million, comprising primarily of recurring income.
"The scope of work secured will reinforce our competitive edge as a full-fledged provider of cranes, accessories and maintenance works. This will position us as a one-stop provider of oil and gas support services," he said in a statement.
Handal anticipated the new contract to contribute positively to group revenue for at least two years, beginning in the current financial year ending December 31, 2014.-- Bernama
HUh, look at the CEO remuneration could chase after the with the entire company annum profit. Now I realise why the CEO is being so rich. Wondering how much pressure are they getting?? Any way congrates to them .:).
i still don't get it, why people like to chase bone's call, all his calls gap up and go down the drain, he is the only one who is benefiting, buy before writing sell to you suckers, haha, too bad the world has alot of fooolish people, yabadabadoooo!
Though Calvin missed this Calvin must say Bonescythe discovered another gem here.
1) Handal price has retraced a lot. So no bubble danger like Sumatech or Sersol (Many will go bankrupt after these hot air balloons Crash Down). So Handal is safe.
2) Handal selling below NTA of more than 60 cents. Most Oil & Gas Companies have little NTA. Handal is Solid.
3) Last 2 Quarters Handal Also garnered positive results.
4) And With RAPID in Pengerang Handal's prospect look intact.
So Another Bonescythe good call - far better than many gamblers out there.
cheapest maybe...but look at the fundamental. This co been bleeding cash. Currently few left in coffer & short while will need to make new cash call. Well for those chasing good luck to you....pass.
Just stating the fact. Cash& Equivalent; 2011 = 32M (sale of share), 2012=11.16M, 2013=3.3M. For 1Q14 (end Mar 2014)= -5.6M! Now surviving on bank OD >9M! Phew.. if owners don't start to feed more cash what will happen?
dr bone, what is ur short-term TP for handal at the moment? Do you think its wise for me to enter at this juncture? or should i wait for it to retrace?
well, if in Australia , with the partnership, it can trade up 100 pct, why cant Bones be correct with her target price ? 80 cts ? Their yearly revenue will increase by 30 pct....Maybe not cash rich, but at least will get better
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....
Rocket_A
19 posts
Posted by Rocket_A > 2013-11-23 09:40 | Report Abuse
Wait to see the good news?