The cheap rigs I meant are brand new rigs waiting for buyers at the ship yard. It's cheap because the price is much lower than what umwog had paid in the past. Rigs are always valued based on what the charter rate it can command. There used to be a time when umwog had to buy rigs from speculators that pre ordered the rigs at a high price. You know you can also profit from rig speculation. That was the time when umwog went around and said their revenue was constrained by availability of rigs. So confident with the industry. So if the charter rate is going to go up, then they should also buy rigs before the price go up, like how the investors buying their share price when it's still cheap.
Its so obvious that the operator has been pushing up the warrant to support the mother. Simle reason being very few W scripts floating. I m not surprised if they have been slowly unloading the mother. Most people wd be buying the mother. One day the W price may even b higher than the mother. Makes no sense in terms of pricing but perfect scenario if u want to unload the mother. Eventually all good things must end as its only hot air being hype up. Wish u guys all the best in the musical chair game, not holding any mother or son when the music stops.
I don't work for PCSB, I work in an offshore drilling company and know this industry quite well. Hurry up umwog, go buy up Perisai's rig which is 400ft spec. Perisai is very distressed and very sure they will sell at low price. Naga 2 is approaching 10 years old already.
I am not giving any negative news, just reminder. This counter can buy or not depends on your investment timeframe, I said this before. UMW was also this cheap when it was taken over by PNB in the 80s.
Beli simpan sampai 3 years ,mother become 5.00 son become 4.90 , barulah handsome ,main contra dapat habuk saja ?,ini hari untung besok rugi ,masuk angin keluar asap ?
Kindly be advised that at the request of MBSB, trading in the Company's shares will be suspended with effect from 9.00 a.m., Monday, 6 November 2017 pending a material announcement.
As such, all structured warrants relating to MBSB will also be suspended at the same time. 03/11/2017 18:01
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....
WallStBull
449 posts
Posted by WallStBull > 2017-11-02 18:41 | Report Abuse
why should i sell..? im here for good.. unless i see govt fund mngers disposing.. then ill do the same :)