SeaDrill asset (RM10B+ ) from Sap is exactly like Velesto-----But if PNB merged both Units, Velesto got to be Delisted bcoz most of SeaDrill asset are Idle now ( will draw massive Impairment loss to combined Units ). Since half the World Jack-Up rigs are more than 30years, future is Bright for this combined units in Long Run( 5--7 years timeline )
True, not only ikan Bilis loss money, Big Institutions also need steep Haircut if big boys want to leave, they will Goreng (just like Sap---vol above 500M )
I put NEW directors into a grouping to see results-----if new directors are only to receive "gaji", i can select my Driver as Director--- Right now, selected GLC directors are Mahathir's maicai (all old hands, all out war to remove leeches )
If wti move to Usd100[spefulate by reports] or sustain at usd80, all oil counter except those non perfrming one i believe easily double from todays price
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....
Jeffrey Ng
490 posts
Posted by Jeffrey Ng > 2018-09-27 16:26 | Report Abuse
this need to be patient... just wait it back from winter sleep...