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CHEMOIL ENERGY reports strong earning growth for 1Q 2007
Profit after tax increased by 25% to US17.9 million
Sales Volume increase by 18.7% to 3.57 million metric tons
Buy and hold...believe still have the potential to move up...will need to have patience however...
Went up tdy as coverage by broking house price this counter at USD$0.95 cents target price.
Oil prices sure to rise in the long term.
Oil prices sure to be back lah...
Correct me if I am wrong, at IPO price of S$0.7, exchanged at 1.55 = US$0.45. And now trading at US$0.59 = S$0.92 !
| Chemoil Energy Ltd | |||||
| Issue statistics: | |||||
| Offer size: 160.172m new shares + 64.631m vendor shares | |||||
| |||||
| Price: S$0.70 | |||||
| NTA per share (post-IPO): US$0.18 (equivalent to S$0.275) | |||||
| Historical PE: 10.0x (FY05) | |||||
| Market Cap (post-IPO): S$881.2m | |||||
| Open: 29 Nov 2006 | |||||
| Close: 12 Dec 2006, 2.00pm | |||||
| Trading: 14 Dec 2006 (on "ready" basis) | |||||
| Lead Manager: JP Morgan & UBS Investment Bank |
IPO S$ 0.70 or USD .... now trade in USD 0.58??
IPO price 0.70? oppsss... they listed at wrong timing... looks like the oil price really affect the interest in this counter...