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2701-2720 of 2995
aya...empty shell or not....time will tell ...hey any1 SHORTED yet??!? wow...63.5cts ! :D
cosco drops from $8 to 60c plus...dun u say this is ridiculous? i see no values in strait asia as it's just an empty shell...sonner or latest it will be dead!
nickyng ( Date: 19-Nov-2008 13:06) Posted:
40cts ?!??!? come on...that is amazingly ridiculous leh :P
tchoonw ( Date: 19-Nov-2008 09:57) Posted:
| bravo!!! another gone case counter as it break below 70c...expect to hit 40c by dec! still not too late to short... |
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There were reports recently on oil wells drying up that could have a substantive impact on supply in years to come (IAEA report I think). This is further exacerbated by oil companies not investing enough on new ventures of oil exploration. You need to take a strategic view of where Straits Asia is right now and where they should go. Present conditions are less than forgiving and it is probably the reason why I suspect those vested are less than happy with the direction.
Nevertheless, I feel it is imperative that they seek opportunities and just get on with the task of execution as maintaining the status quo could be detrimental to shareholders value.
BTW, me not vested. Like MM said recently, higher returns higher risk.
knightbridge ( Date: 19-Nov-2008 13:37) Posted:
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So many coal companies in the region, so many companies doing oil exploration. What is straits asia track record of oil exploration, hit rate as good as shell or exxon mobil perhaps. (Probably need alot of money to pay as tution fees, on oil exploration for the company)
Not easy to do oil exploration when see money draining the cash hoard away for 1 year 2 years 3 years, investors will talk and some management director will later also disagree. CEO will have to fight for the oil exploration project to stay on course, if fail writeoff in the balance sheet. (Also Straits Asia cash hoard do not impress me at the current situation) If take loan to finance oil exploration very risky, if it is from profit reserve at least not so bad)
Also you say Oil will not continue to fall indefintely I agreed and market will recover also agree. But the BIG question is WHEN?? 1 year or 2 years from now perhaps. If share price cannot go up, how they going fund expansion this 2 years. Also if find oil field, do u noe how long it takes to start pumping (a barrel of oil) initially. It is not like going to the hardware shop and pick up all the equipment u need to pump oil. As u see keppel offshore, built 1 rig also take 2 -3 years which is good timeline.
dcang84 ( Date: 18-Nov-2008 20:40) Posted:
| Oil will not continue to fall indefintely. As soon as market recovers, it will recommence its upward movement to previous peaks. By the time they find that oilwell and start pumping, the price of crude oil may have recovered by then.BINGO! Jackpot! and you'll be smiling from ear to ear |
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hee...SHORT covering......67.5 now wow.....amazingly back to life !! :P
So many coal companies in the region, so many companies doing oil exploration. What is straits asia track record of oil exploration, hit rate as good as shell or exxon mobil perhaps. (Probably need alot of money to pay as tution fees, on oil exploration for the company)
Not easy to do oil exploration when see money draining the cash hoard away for 1 year 2 years 3 years, investors will talk and some management director will later also disagree. CEO will have to fight for the oil exploration project to stay on course, if fail writeoff in the balance sheet. (Also Straits Asia cash hoard do not impress me at the current situation) If take loan to finance oil exploration very risky, if it is from profit reserve at least not so bad)
Also you say Oil will not continue to fall indefintely I agreed and market will recover also agree. But the BIG question is WHEN?? 1 year or 2 years from now perhaps. If share price cannot go up, how they going fund expansion this 2 years. Also if find oil field, do u noe how long it takes to start pumping (a barrel of oil) initially. It is not like going to the hardware shop and pick up all the equipment u need to pump oil. As u see keppel offshore, built 1 rig also take 2 -3 years which is good timeline.
dcang84 ( Date: 18-Nov-2008 20:40) Posted:
Oil will not continue to fall indefintely. As soon as market recovers, it will recommence its upward movement to previous peaks. By the time they find that oilwell and start pumping, the price of crude oil may have recovered by then.BINGO! Jackpot! and you'll be smiling from ear to ear.
knightbridge ( Date: 18-Nov-2008 15:57) Posted:
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Making big loan and issue warrant to fund expansion.. Hope they cancel the oil exploration venture. With current oil price $50 ++ no worth to do oil exploration (High Risk bet that they willl find oil reserve, if not money down the drain) |
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40cts ?!??!? come on...that is amazingly ridiculous leh :P
tchoonw ( Date: 19-Nov-2008 09:57) Posted:
| bravo!!! another gone case counter as it break below 70c...expect to hit 40c by dec! still not too late to short... |
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bravo!!! another gone case counter as it break below 70c...expect to hit 40c by dec! still not too late to short...
Oil will not continue to fall indefintely. As soon as market recovers, it will recommence its upward movement to previous peaks. By the time they find that oilwell and start pumping, the price of crude oil may have recovered by then.BINGO! Jackpot! and you'll be smiling from ear to ear.
knightbridge ( Date: 18-Nov-2008 15:57) Posted:
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Making big loan and issue warrant to fund expansion.. Hope they cancel the oil exploration venture. With current oil price $50 ++ no worth to do oil exploration (High Risk bet that they willl find oil reserve, if not money down the drain)
knightbridge ( Date: 13-Nov-2008 21:04) Posted:
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i think more of the result is because of contracted coal price earlier. But my personal view, to double the harvest of coal in mine. 1 ton to 2 ton. Need to increase equipment or manpower, also look the moonson season like getting worse flood in vietnam thailand china. Indonese might be affect by the weather also, thus affect mining.
I heard they going buy 4 -5 barges and built better port facilities. How much cash hoard they have, Right issue to fund expansion maybe.
Want to take bank loan, also must see if they got alot of good asset inside as colleral (NTA not high may not get the full amt they want)
Also oil exploratiion they are look into, u can spend i$30-40million without finding a single oil field. |
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Making big loan and issue warrant to fund expansion.. Hope they cancel the oil exploration venture. With current oil price $50 ++ no worth to do oil exploration (High Risk bet that they willl find oil reserve, if not money down the drain)
knightbridge ( Date: 13-Nov-2008 21:04) Posted:
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i think more of the result is because of contracted coal price earlier. But my personal view, to double the harvest of coal in mine. 1 ton to 2 ton. Need to increase equipment or manpower, also look the moonson season like getting worse flood in vietnam thailand china. Indonese might be affect by the weather also, thus affect mining.
I heard they going buy 4 -5 barges and built better port facilities. How much cash hoard they have, Right issue to fund expansion maybe.
Want to take bank loan, also must see if they got alot of good asset inside as colleral (NTA not high may not get the full amt they want)
Also oil exploratiion they are look into, u can spend i$30-40million without finding a single oil field.
taybc1071 ( Date: 13-Nov-2008 20:46) Posted:
St Asia announce 350% increase in Q3 net profit after tax to US$85m and declare 2nd interim dividend of cents 1.55/share. |
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Fr TA, its like forming a triple W. If they can hold above 0.75 this week, i tink gt chance to head up. If not.. will be jialat
another new low acheive today?
Ya just last month people start talking Noble gone case also .. see what happen now ?? so simple just eat a pill of viagra will do ..
Still remember during 1997 creative at it's lowest just 50 over cent and all people said gone case la , hopeless liao la .... nobody will know salted fish alive and shooooooooot all the way to 60 over SGD !!!
if not gone case, why capital group inc sell like nobody biz? sooner or later, it will be another jiutian!
freeme ( Date: 17-Nov-2008 17:48) Posted:
haha... so there is no concrete reason why gone case??/
des_khor ( Date: 17-Nov-2008 17:43) Posted:
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haha... so there is no concrete reason why gone case??/
des_khor ( Date: 17-Nov-2008 17:43) Posted:
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Fortune teller ??
Okie. when you say gone case, then why isit gone case?
tchoonw ( Date: 17-Nov-2008 17:24) Posted:
| this is a gone case coy...will drop below 50c by jan 09. short now still not too late to make some kopi $! |
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this is a gone case coy...will drop below 50c by jan 09. short now still not too late to make some kopi $!
No la.. just wanna know why this counter is kanna short until like tat?.. N what is your reason to short it?
nickyng ( Date: 17-Nov-2008 15:29) Posted:
| just SHORT with the herds lah :P did that this morning at 82.5cts !! even though with CD...but wat the heck ! :P
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The Capital Group Companies unloading this counter. Can read today Business Times for more information
freeme ( Date: 17-Nov-2008 15:12) Posted:
| Just back from ICT. Anyone know whats are the other costs which lead this counter lower? Comments please. Thanks |
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