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Just wait and see the year on year result
AK_Francis ( Date: 21-Jan-2009 10:54) Posted:
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8 cts div ok loh. much better than FD liao. AK will tikam this burger, though a bit of disappointment on div ds yr. Cheers.
Perhaps all bad news have been priced in already.
With such bad news out today (earnings down 55%), but SPC's price hardly moved...
It may be really the bottom now...
But it can also be that people are waiting for some good news then sell... 
SPC has been trading sideways for more than 2 months now.
There is still quite some way to go
cheongwee ( Date: 20-Jan-2009 22:43) Posted:
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disasterous indeed....
third quarter '08 net profit down 99.5% .compared to third quarter '07 net profit of 98,115,000 , third quarter '08 net profit is 507,000.
now 4th quarter '08 also down so severely as well....
2 consecutive disasterous quarters already...
i m afraid this could be another cosco coming... from $8+++ to less than $1 ....
i was tempted to try this counter... but seeing this result,i think better stay at 1 side,see how it goes first...
wonder how mani more bad reports will start coming out since most will be reporting their profit/loss soon.....
shplayer ( Date: 20-Jan-2009 22:18) Posted:
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Firstly, for those who got this one recently, dont panic unnessary...it is useless...ask yourself can this one go long...will this one in danger say these 2 years?? can it go under...i dont think it is..
Never mind you bought, just keep it...some time into the future, you look back and u be glad u bought at this px...2.xx...anyway, nobody can blame u...we really dont know the bottom..right now u may buy more cheaply if u got $...i like this one...not vested but very likely will have it soon..
But others kept mentioning about buying "good stocks" with good dividends etc. If you had bought last year thinking it is a good dividend stock but eventually see your capital being significantly reduced, is it any good?
Think I gave warnings since last year
Livermore ( Date: 15-Jan-2009 23:20) Posted:
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Profit warning issued by SPC was rightly justified. 4Q08 results was quite disasterous.........These are some numbers extracted....
4Q 08 Net Profit recorded was $(-50)mil. .......or -9.7c per share.
4Q 08 Inventory writedown...... $(137.2) mil or -26.7c per share.
Offset by Derivative gains of $20.3 mil ....or 3.9 c per share.
It was reported that RM for 3Q was USD4.00/ bbl and for 2H was USD1.00/bbl.
By extrapolation, 4Q RM was USD -2.00 /bbl.....which means Co was output value was less than input value after refining.
4Q Downstream operating profit $(-81.1) mil.....or (-15.8)c per share.
4Q Upstream operating profit $13.7 mil ....or 2.7 c per share.......compared to 9 months opn profit of $142.3 mil or 27.7c per share.
55% profit slides, Ouch... oil price now USD 33....... double hit..
waiting for 1.70 to buy.
tmolo below $2?
hope to see it below 1.5
patmi 2008 was 55% less than fy2008....is tis not bad news???
Bad News, only 8 cents/ share of dividend on May 09. Net profit drop by about half.
good news or bad news?
SPC DELIVERS PROFIT AMIDST A TURBULENT 2008
��
Revenue increased 26.9% to a record $11.1 billion��
PATMI 2008 was $229.7 million, a 55.4% decrease from a year ago��
Upstream contributed about 40% of the Group’s after-tax earnings��
ordinary dividends to 28 cents per share for FY 2008
its results shud b discouraging n dividend won't b 40 cts [like last year] mayb 20 cts or less, hope tis opinion wrong.