Meaning you averaged down at 1.80, from 2.50, from 4.15?
Oh no, were you expecting a dividend from lctitan? Or did you think it will be able to compete with PCHEM opening next door?
Lctitan capacity is 2.4 mpta with no room for expansion. I checked. PCHEM pangerang will be 3.3 mpta to start with ample expansion space, with the refining side petronas/aramco directly opposite. Scale, raw material supply, cheap shipping and production costs, no need to import from overseas.
It will be a bloodbath when pangerang comes online.
PCHEM selling price to customers will be lctitan production costs.
>>>>>>>>>
Choivo Capital lol topped up yesterday. For once, my timing is on point. 12/02/2020 10:29 AM
When listed, 1000 shares can buy 3000 magnum. Now 1000 magnum can buy close to 2000 lotte. Anyway, positive is cash rich. Negative is results will be impacted seriously by recent development.
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....
Fabien "The Efficient Capital Allocater"
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Posted by Fabien "The Efficient Capital Allocater" > 2020-02-12 19:54 | Report Abuse
the korean frenzy is back. 4 oscars win.