LOL!

Why was it unfair?

Market no put up big sign and say Ah Lamb cannot buy what.......

That time too scared to do anything. Hold and pray only

Not seasoned trader like you... am still chugging along

This post has been edited by lambethwalk: Nov 27 2014, 10:52 AM

Lamby! I though you no more active... made any $$$ lately?

Got make, but lost big on some counters. So all profits went towards patching holes.. and still patching

Happy to see you around. A while back almost wanted to PM you to check up on you. Glad that all's well

Adoi... Armada...

Hmm if I am trading at that time.. would have bought some.

But too bad missed it.

Why you buy so fast?

Hehe... long time no trade, finger itchy liao.

Anyway today is D-Day... either they announce, get Madura contract, delay contract or cancel contract. I think that is what everyone is fearing.

looks like the market expect to announce negative results.

This post has been edited by gark: Nov 27 2014, 11:16 AM

Armada gearing very high..

Much much lower after the recent rights issue.

But then again FPSO business needs to have high gearing to build new vessel.

Most of their debt is secured with multiyear contract with asset guarantee, so there is very little chance of default.

Their capex will require at least RM 2.5-3 bil this year & next

This post has been edited by gark: Nov 27 2014, 11:22 AM

but profit luxury..how come MISC look going up..LNG regasification at pengerang only ready 2016 ?

they hv secure business?

Several reasons..

Number one it is rumored that they have patched things up with Petronas and the 4 new LNG vessle Petronas is building will be incorporated into MISC. LNG tankers have the highest profit margin for MISC.

Number two is that crude tanker index have shot up recently.. and now crude carriers command better pricing (almost double of last year). Crude tankers represents >50% of MISC's revenue and previously was money losing.

Number three, MISC is entering the lucrative FPSO market with joint venture with Petronas ... and have several rolling out soon. Thier current operating FPSO Kikeh is joint venture with SBM.

This post has been edited by gark: Nov 27 2014, 11:31 AM

MISC is better than Armada

interessting article of Pengerang

http://www.2b1stconsulting.com/dialog-and-...g-lng-terminal/

This post has been edited by felixmask: Nov 27 2014, 11:36 AM


Attached thumbnail(s)

Yeah I agree... BUT... the price has run up from the reasons above.. all priced in already.

Anyone trade USA500 here? If there is, we shall work together.

http://araujoken.blogspot.com/

This post has been edited by Araujoken: Nov 27 2014, 11:40 AM

Choosing MISC vs Dialog.

Dialog give steady divident.

I bought Armada Last week... Should be a good price to hold.

I am looking at SKpet instead..

During these hard times, a firm and large order book is required so the business does not dry up overnight...

Dialog.. price do not move much... not much bargain there.

This post has been edited by gark: Nov 27 2014, 11:44 AM

wooo oil price at 72.77

GO DOWN USD60