The oil and gas business is a commodity business where margins are not sustainable. Now, it appears that the barriers to entry are so low. When you have players like Eversendai Corp and Yinson Holdings Bhd, who have never seen a rig in their lives, now becoming global players, I would be very careful
Me too.. wanted to collect a few today to average down if it goes red but it is in green so i guess I will sit back and return to my wait and see policy.
EPC fabricator Eversendai sets out its ambitions to move into jack-up rig construction. Narish Nathan, Eversendai Offshore ceo, stated: “The market might get refreshed with our approach. I think we can do four rigs a year. At $90m [apiece], our rigs are a lot cheaper [than those built by the competition]. Quality is our first priority.”
Is this Company winding down ? Volume has been dropping and no Buyers. Not sure whether time to cut-loss and clear all shares I am holding. Any feedback from others ?
Honestly i'm still accumulate, now lost about 25%. Keep for long term, nak cut lost banyak sangat. Nanti dah Jadi 30 largest shareholder, nak datang AGM dan sembang dengan AK, kalau agak-agak tiada masa depan, jual, kalau ok, simpan...
AK kalau nak push nilai saham bukan tak boleh, dia saja mahu collect murah2.. tunggu umum privatise je la kalau macam ni.. AK tak jadi 50richest man dia tak kisah, sebab dia adalah antara ceo yang menerima gaji tertinggi di malaysia.
lama lagi, mungkin 2016-2017, tapi mungkin naik sikit kalau Q report ok, tapi tak rebound banyak sebab sentimen minyak murah. dan investment kurang di negara arab, harapkan india lepas ini, still hold @ 1.014, dah average dari 1.18 sen dulu.. haiya.. AK, AK... tahun depan kita jumpa kat AGM ye..
p/s : yang 100lot @0.0775 tu aku yang beli. haha..
Why SC, never pressure these companies produce quarter report within a month? Quarter report always late. By the time it is out another quarter already ending. Companies are actually happy with the lackadaisical attitude of SC.
Sendai's Liftboat project is completing this year??
Liftboat siap 2016, tapi akan diambil kira dalam Q3 ini, apa pun selagi sendai tak dapat kontrak buat liftboat dari pihak lain, susah orang nak yakin, harap kontrk hujung tahun ini yang dikatakan adalah buat liftboat. Narish kata boleh buat 4 buah setahun, tengoklah anak muda ini boleh percaya atau tidak.
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....
madcow
526 posts
Posted by madcow > 2014-09-25 17:56 | Report Abuse
Still haven't deduct AK's salary when calculate the TP