Pmaster: Theres no hope for armada. U look at their long term debts. It is sooo huge that u don't expect the price to go back to its ipo (even after 1,000 yrs). Armda is a gone case! But not for umwog.. theres another impairment to write off n dats it. Once all wash off.. is back to new ! Umwog will enter 2018 with a loud bang!
Pmaster, its up for speculation as umwog profit is highly dependent on daily charter rates of oil price. Secondly, you cant expect a company which made losses in 2 years back to the black in two quarter. It is just two well performing quarter that can recover our confidence for its future. Umwog is a long tern investment.
My personal view.. as market opens on Monday.. it shld jus be a fair bit of reaction. Then comes thurs/fri... price will move north as we anticipate good news from opec members. Ok.. up or down (it dont matter) cus im here for long term. I will wait for brent to touch 100.00
Limit up is not likely lah bro, but the worst for oil market is over, they took action (right issue) to solve their debt, so the worst for this counter is over too !
the one that really and likely going down is alam maritam still in red, every other counter already turn around when oil price recovered. So if you own alam you have a decision to make
Property and rig are not the same. Property will appreciate. Rig will depreciate. Property can be left vacant and still appreciate. Rig needs to be parked somewhere, maintain it and cost some money.
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....
wilsonchan87
332 posts
Posted by wilsonchan87 > 2017-11-24 18:56 | Report Abuse
next monday rebound! finally turn back to profit!