cant figure whats the attractiveness of this stock. With no fixed contract in quantum from Petronas, how can you annualised it to be eps 20 cents? Possiblely another mistake
MCM is a fixed contract, it is a hook up/service contract and it is signed for 5 years. If you know O&G business well, every offshore platform will have shutdown / maintenance every 1-1.5 years, and there are on & off many site issue which can activate services from Carimin... the contract is an assurance from PETRONAS that Carimin will get called when service is needed...
You guys already lucky because current market is stable. Just left operator's tactic to think only. If market crash comes together, many sure cannot tahan.
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....
Icon8888
18,659 posts
Posted by Icon8888 > 2019-01-08 09:43 | Report Abuse
I sold already yesterday
scare saifu attack