Good result & better than to other same field company like Dayang & Penergy for this moonsoon season as many of the company is affected by the moonsoon...
Somemore, got dividen 1.4 sen per share to given out...
Well done & good job...Thanks to whose who sold out today...
Carimin Qtr result quite promising, if investor exclude one-time earning drop (still +ve earning) due to seasonal monsoon season that affect all oil gas sector, less offshore maintenance business, actually overall Carimin is improving QoQ with 0.9sen earning (better than others Dayang/ Penergy/ Perdana Qtr result) + divident payout 1.4sen. Giving divident payout that also represent management is quite confidence on its next coming Qtr result for Q2 & Q3 onward.
Some more, revisit to Carimin's Q3'FY19 report, actually total cash vs debt ratio improve significantly with strong cash flow. Q3'FY19 total cash improve from RM49.7mil to RM61.6mil (that 24% QoQ total cash improve) + total debt (short + long) term debts reduce from RM58.5mil to RM55mil (+6.3% better). If investor looking onto bigger picture, next coming Qtr Apr till June (Q219) & Jul till Sept (Q319) will be much better, no monsoon season affected, more work sales & contract will be constructed and deliver, eventually deliver better earning result report.
All other o&g earnings are not good in this qr due to monsoon. Carimin still made profit and declared div, a lot better than other peers. Coming qr results will be good after the low season. RM1.2 is not far fetched.
Buy bumi Armada (super super undervalued stock, and big shark still busy keep collecting stupid shorties shares)
Can you imagine, previous 2 good news like debt restructuring, able to move the price up from 0.21 to 0 285, then securing new India FPSO project, move the price up from 0.21 to 0.25, then all dropped back all the way to 0.18 from 0.25
Now with positive quarter report, price only up from 0.185 to 0.20???????
Is that really ridiculous?????
(MANIPULATION by shark and EPF behind too OBVIOUSLY, to collect more n more stupid shorties shares again and again, NON stop one
EPS 0.01 x PE minimum 10= 10cents (PE 10 is quite conservative already)
With EPS 1cent, but not able to move the share price up for 10cents, not even 5cents up
And you see the trading pattern, shark still busy collecting shorties shares at 0.195)
(Kindly take note that hongleong giving fair valuation at 0.33 before this quarter result, and aminvest giving 30% discount from its FAIR value of 0.33 before quarter this result also, not target price, it's FAIR valuation price)
Buy bumi Armada (super super undervalued stock, and big shark still busy keep collecting stupid shorties shares)
Can you imagine, previous 2 good news like debt restructuring, able to move the price up from 0.21 to 0 285, then securing new India FPSO project, move the price up from 0.21 to 0.25, then all dropped back all the way to 0.18 from 0.25
Now with positive quarter report, price only up from 0.185 to 0.20???????
Is that really ridiculous?????
(MANIPULATION by shark and EPF behind too OBVIOUSLY, to collect more n more stupid shorties shares again and again, NON stop one
EPS 0.01 x PE minimum 10= 10cents (PE 10 is quite conservative already)
With EPS 1cent, but not able to move the share price up for 10cents, not even 5cents up
And you see the trading pattern, shark still busy collecting shorties shares at 0.195)
(Kindly take note that hongleong giving fair valuation at 0.33 before this quarter result, and aminvest giving 30% discount from its FAIR value of 0.33 before quarter this result also, not target price, it's FAIR valuation price)
Buy bumi Armada (super super undervalued stock, and big shark still busy keep collecting stupid shorties shares)
Can you imagine, previous 2 good news like debt restructuring, able to move the price up from 0.21 to 0 285, then securing new India FPSO project, move the price up from 0.21 to 0.25, then all dropped back all the way to 0.18 from 0.25
Now with positive quarter report, price only up from 0.185 to 0.20???????
Is that really ridiculous?????
(MANIPULATION by shark and EPF behind too OBVIOUSLY, to collect more n more stupid shorties shares again and again, NON stop one
EPS 0.01 x PE minimum 10= 10cents (PE 10 is quite conservative already)
With EPS 1cent, but not able to move the share price up for 10cents, not even 5cents up
And you see the trading pattern, shark still busy collecting shorties shares at 0.195)
(Kindly take note that hongleong giving fair valuation at 0.33 before this quarter result, and aminvest giving 30% discount from its FAIR value of 0.33 before quarter this result also, not target price, it's FAIR valuation 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....
UnicornP
2,858 posts
Posted by UnicornP > 2019-05-23 19:07 | Report Abuse
Hi moneykj.