I cannot wait for it to break 1 myr. Been waiting for 5 years already. Stock paying dividend but valued so poorly. It seems not enough publicity. Once public notices this stock, we will see some action. I hate technical, but they seem to be holding it back.
Hence, we believe that CARIMIN is poised to breakout. Next target will be located around RM1.00 and RM1.15. Support will be anchored around RM0.87, followed by RM0.75.
Great job Carimin!!! Tomorrow might be another marvelous day for CARIMIN !!!
- AWARD OF CONTRACT FOR THE PROVISION OF HOOK-UP, COMMISSIONING AND TOPSIDE MAJOR MAINTENANCE SERVICES FOR PETRONAS CARIGALI SDN. BHD. - PENINSULAR (ANGSI AND TCOT RELATED WORKS)...
Seems to be making steady progress but unable to clear 1 MYR. Any idea what to do? Maybe buy a fraction of a million on Friday before close on margin, in last 15 minutes ... Then it will be for long weekend at weekly, daily close above 1 ??? Would that be market manipulation or just a little help?
Carimin Petroleum Berhad (5257.KL) Kuala Lumpur - Kuala Lumpur Delayed Price. Currency in MYR Quote Lookup
0.965+0.035 (+3.7634%) As of 4:40PM MYT. Market open.
I realized that my mistake was to buy big lump at 1 myr and NOT average down. Now I wait forever (5 years) to get to my level against heavy resistance. With dollar cost averaging, I would have been at 0.3 or 0.4 average. Learn from mistakes.
Someone here talked about big players offloading. Seems like insiders do. But funds will pick up at 1 myr +++
13-Sep-2019 Insider MR WONG KONG FOO (a substantial shareholder) disposed 150,000 shares on 11-Sep-2019. 13-Sep-2019 Insider MR WONG KONG FOO (a substantial shareholder) disposed 150,000 shares on 10-Sep-2019. 13-Sep-2019 Insider CIPTA PANTAS SDN. BHD. (a substantial shareholder) disposed 150,000 shares on 11-Sep-2019. 13-Sep-2019 Insider CIPTA PANTAS SDN. BHD. (a substantial shareholder) disposed 150,000 shares on 10-Sep-2019.
Seems like insiders made a mistake by selling 2 days too early. But cannot blame them for not anticipating crude price increase. :-) This is a very nice gift for all us long in this stock.
Very likely that Carimin will narrow the gap with Dayang. It is has performed better than Dayang with two dividends in two quarters. Hopefully my crystal ball indication of 1.47 a couple of months ago can be realized. Good Luck All small timers.
Oil prices dropped more than 6% in a sudden move on Tuesday after report said Saudi Arabia’s oil production will be restored to normal levels faster than initially expected.
Brent crude futures, the international benchmark, fell $4.41 or 6.39%, to $64.61. The contract soared as much as 19.5% on Monday to $71.95 per barrel, the biggest jump in history.
U.S. West Texas Intermediate futures slipped $3.8, or 6.04%, to $59.1 per barrel after posting their biggest climb since 2008 in the previous session.
The kingdom’s oil output will be fully back online in the next two to three weeks, Reuters reported, citing top Saudi sources briefed on the oil operations.
We are not upstream oil producer and price volatility has no direct impact to services sector. Instead the oil price maintained between usd60-70 would be great for all upstream, downstream and support & services sector.
Carimin current uptrend is supported by strong company performance n not because of oil price.
Carimin is in good stead. People who bought millions last week expect good returns. People soaked in negativism should stand down and don't make fools of themselves with illogical comments. Cheers
Well, this is now at the highest level for 5 years. Unless there are people here longer then me, which is unlikely - nobody can be really unhappy. All making profit. New contracts in. Good going. Sat here all the way down a few years ??? Just sit tight a few months on the way up !!!
BUT CALVIN SAW THE FUTURE POTENTIAL OF CARIMIN THEN AND ISSUE BUY CALL AT 39 SEN
AND CARIMIN INSIDERS WERE BUYING
OF COURSE NOW THAT CARIMIN HAS TURNED AROUND PRICE IS NO LONGER CHEAP AND INSIDERS ARE NOW SELLING
FOR SCOMIES IF YOU DON'T KONW MATHS GO CONSULT AN ACCOUNT
IF NO RM72 MILLIONS IMPAIRMENTS THIS QUARTER SCOMIES ACTUALLY REGISTER A PROFIT OF RM38 MILLIONS
SEE FROM SCOMIES QTR LATEST REPORT
Marine Services (“MS”) The segment’s revenue for the Current period was slightly higher by 0.1% compared to Preceding period. PBT in the segment improved by RM38.8 million as compared to Preceding period. Gross profit was higher in the current period while operating expenses also increased. The Preceding period included an impairment of RM39.6 million to an offshore support vessel
SEE FROM MARINE SERVICES THERE IS OPERATING PROFIT OF RM38.8 MILLIONS
NEXT QUARTER WITHOUT IMPAIRMENT SCOMIES WILL SHOW GOOD RESULTS FROM SECIRED JOB OF RM610 MILLIONS!!
Well ... Insiders sell like there is no tomorrow.... Do they know anything?
__________________________________ 4-Sep-2019 Insider MR LIM YEW HOE (a substantial shareholder) disposed 100,000 shares on 20-Sep-2019. 24-Sep-2019 Insider ENCIK MOKHTAR BIN HASHIM (a substantial shareholder) disposed 50,000 shares on 20-Sep-2019. 24-Sep-2019 Insider MR LIM YEW HOE (a company director) disposed 100,000 shares at 1.060 on 20-Sep-2019. 24-Sep-2019 Insider ENCIK MOKHTAR BIN HASHIM (a company director) disposed 50,000 shares at 1.060 on 20-Sep-2019. 24-Sep-2019 Insider TAN SRI DATO' KAMARUZZAMAN BIN SHARIFF (a company director) disposed 69,500 shares at 1.072 on 20-Sep-2019. 23-Sep-2019 Insider ENCIK MOKHTAR BIN HASHIM (a substantial shareholder) disposed 200,000 shares on 19-Sep-2019. 23-Sep-2019 Insider ENCIK MOKHTAR BIN HASHIM (a company director) disposed 200,000 shares at 1.072 on 19-Sep-2019.
"Oil prices fell for a second day on worries that fuel demand could fall after U.S. President Donald Trump doused recent optimism over China-U.S. trade talks, at a time of rising U.S. crude oil stockpiles."
"Brent crude futures were down $1.72 to $61.38 a barrel on Wednesday, erasing all gains made after an attack on Saudi oil facilities sent the benchmark up around 20% last week."
"U.S. West Texas Intermediate crude dropped to $55.71 a barrel, down $1.58."
Robert Waters Well ... Insiders sell like there is no tomorrow.... Do they know anything? __________________________________ 4-Sep-2019 Insider MR LIM YEW HOE (a substantial shareholder) disposed 100,000 shares on 20-Sep-2019. 24-Sep-2019 Insider ENCIK MOKHTAR BIN HASHIM (a substantial shareholder) disposed 50,000 shares on 20-Sep-2019. 24-Sep-2019 Insider MR LIM YEW HOE (a company director) disposed 100,000 shares at 1.060 on 20-Sep-2019. 24-Sep-2019 Insider ENCIK MOKHTAR BIN HASHIM (a company director) disposed 50,000 shares at 1.060 on 20-Sep-2019. 24-Sep-2019 Insider TAN SRI DATO' KAMARUZZAMAN BIN SHARIFF (a company director) disposed 69,500 shares at 1.072 on 20-Sep-2019. 23-Sep-2019 Insider ENCIK MOKHTAR BIN HASHIM (a substantial shareholder) disposed 200,000 shares on 19-Sep-2019. 23-Sep-2019 Insider ENCIK MOKHTAR BIN HASHIM (a company director) disposed 200,000 shares at 1.072 on 19-Sep-2019. 25/09/2019 9:59 PM
Hahaha. Window Dressing curry mee done by big institutional. Need to answer to their investors on performance at the end of month. The best choice is this stock. Low liquidity ma. Easy to push higher. Selling opportunities before they dumb the stock after 30th Sept.
I think that 3 insiders selling at same time relates to some type of option lock in period. They now can dispose of bonus shares they received at discount. In a way ... it is free money for them. And yes, when I look for carimin, they describe it as momentum stock frequently. Keeps going up by itself because it went up.
Good that those insider options were small.
Although todays filing indicate this encik hamdan sells a lot. Seems some family members involved. Who is he? Not a single insider purchase in months.
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....
calvintaneng
56,638 posts
Posted by calvintaneng > 2019-09-10 15:30 | Report Abuse
Whoa!
Still chasing Carimin now?
Time to switch and buy some Maybulk now