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I reckon your comment. Same to business time review. The down trend should not be strong concern. Layman term, i hope it won't drop too much further before rebound
Agree with Reveal. However let's short it till 30 cents first. only after we see how much the Q1 loss is then decide to buy in. Actally don't understand why it give such a warning.
Examine the last financial report, the Q1 and Q4 sales figures are typically around 20% and 50% respectively , reasons as explained in the report. The profit guidance is factual and not a real concern. However the orders announced in the guidance shown that it has managed to reach the whole of last year's sales at $219m within 4 months imply a very strong performance for 2008.
An opportunity to load up cheap in view of the irrational sell down.
trading curb started , look like price won't go further, so only 1 direction ,Down !
shit, fund mgrs like blocking the buy vol n slowing selling at sell vol 38.5 - 39c,trade with care
yup same here :( (vested too)
enuff to buy things that are quite expensive..... Anyway,... trading stocks are with risk and get it calculated and u will be safe in longer term...
cheers
bh704428 ( Date: 02-May-2008 13:46) Posted:
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jasonrxz,
So how much is yr contra loss for China Oilfield?
frankly speaking, sometimes profit warning is not as impt, as long as there is demand and sales and profit...
| 09:51 | Reuters | Singapore Hot Stocks-China Oilfield dives on Q1 profit warning |
thanks all, this is just quite bizzare...
SINGAPORE, May 2 (Reuters) - Oil equipment maker China Oilfield Technology Services <COFT.SI> fell nearly 12 percent after the firm issued a profit guidance for its first-quarter results, dealers said.
Shares of the firm hit an intraday low of S$0.38 with over 8.8 million traded.
China Oilfield Tech said it expects to incur a loss for its first quarter ended March 31 due to slow demand for its products during the Chinese New Year holidays and the grant of share options to its employees.
But the company said it has orders on hand worth 200 million yuan ($28.6 million) and it is preparing the design and production of these orders.
Seems like can't post a report here
wowowWOowow.....this burger dun seems attractive me leh..no divy..not much profit.....nothing to be INTERESTED at all EXCEPT somehow it is related to OIL ! :P
hee...
Oil equipment maker China Oilfield Tech said the
firm expects to incur a loss in its first-quarter due to a grant
in employee share options and slowdown in orders due to the
Chinese New Year holidays.
firm expects to incur a loss in its first-quarter due to a grant
in employee share options and slowdown in orders due to the
Chinese New Year holidays.
sarahlkh ( Date: 02-May-2008 09:38) Posted:
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Profit warning, expecting Q1 loss
Dunno boy! maybe oil price stable and this stock down for this reason????..... but had already cut losses to prevent lagi more losses..... sad... got in on wed for 0.45 and out at 0.385... hope i will not be hammering my own self for selling at this stage later....
All the best who vested in this stock.....
sarahlkh ( Date: 02-May-2008 09:38) Posted:
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wad happening?
Btw just for casual reference, is there any price target by analysts for China Oilfield?
I remember it was trading at $1.20plus on it's debut, I'm surprised it had fallen so much, & is still below it's ipo price of 60 cents.
welcome back , 0.79..
Vested 20 lots today at 0.795.. , still remember the thrills from 0.79 shoot to 0.94 ? LOL..