You're not an insider LKOH? Seems you know much. Their game is indeed predictable. Especially on johor corp buying until the market float falls below 25% and asked for extension period. But all that info can be accessed publicly. How do you know most of the shares are hold by insiders?
sign of reversal. delivered project as promised, ready to receive big amount of cash i think. target price minimum 0.50 maximum depends on market but if continue this bull, i see 0.7 or 0.8 not a problem
there is a tax credit for overprovision of taxation for 2003 to 2010 about 7.2 million. If take out this one, then profit only few hundred thousand, EPS not 1.52, instead is about 0 .......
Can anyone clarify the deal between EATECH and HESS on the FSO Mekar Bergading?
Extract of 22 May 2018 announcement:
"E.A. Technique have agreed to deliver and fully handover the FSO Mekar Bergarding at Malaysia Marine and Heavy Engineering (“MMHE”) yard in Pasir Gudang such that HESS may complete the final phases of construction, transportation, and installation of the facility." ...........
"Total costs are still to be finalised due to ongoing negotiations with sub-contractors, but the Settlement will reverse a portion of the provision for foreseeable losses. "......
How much exactly is EATECH getting from HESS? From my understanding it will be equal to the cost of construction by MMHE + some of the losses incurred by EATECH with regards to the project.
Since eatech already take in all the cost overrun in the earlier financial quarter, any sum that they can retrieve back is an added bonus to the financial statement
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....
Lilbro
14 posts
Posted by Lilbro > 2017-11-30 19:16 | Report Abuse
Hahaha loss 34 million. Come2 sell all your shares to me!