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SPC
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tanyagary
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02-Jun-2008 11:09
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one reason for price decline could be i1 was dropped from the MSCI index? | ||||||||||||
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limhpp
Veteran |
02-Jun-2008 10:57
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I really do hope that the oil price will fall as it have driven the inflation rates too high. | ||||||||||||
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AK_Francis
Supreme |
02-Jun-2008 10:46
Yells: "Happy go lucky, cheers." |
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AK view is that no hurry to accu at this moment as US and UR are now probing into the posibility of CO price speculation among the traders. If you still holding it above $7, you may cosider seriously leow, though you hv collected the hefty div lately. | ||||||||||||
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Yokozuna
Member |
02-Jun-2008 10:31
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I'm diligently accumulating for interim dividends, to be announced end june/early july? if total divvy = 70 cents, i will huat huat liao! :)
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shplayer
Elite |
02-Jun-2008 09:35
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BT 2 Jun 2008
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shplayer
Elite |
02-Jun-2008 09:21
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Relax, I still think SPC is a fundamentally good stock....but because of the CO speculation, there is a good possibility of it correcting. I forecast that FY08 eps will be between $1.10 and $1.20. At a stock price of $7.00, this works out to be P/E 5.8 to 6.3X. Div is expected to be 70c....i.e yield 10%. Anyway, lets see how it pans out.
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ozone2002
Supreme |
02-Jun-2008 09:03
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GSS....SPC 6.87...good bargain.. | ||||||||||||
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ozone2002
Supreme |
02-Jun-2008 08:50
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enough talk...SPC will move up.. | ||||||||||||
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jkbk007
Senior |
02-Jun-2008 08:33
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Correction...For instance the gasoline crack spread against Dubai CO recorded $39.66/b in April. | ||||||||||||
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jkbk007
Senior |
02-Jun-2008 08:31
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Indeed there is a lot of speculation in CO. However no one knows how long it will last and on the contrary I believe it may stay high up for a while. I could not see how CO will go drop drastically except from a bust global economy. Despite the high CO, demand has remain strong except for certain products. For instance the crack spread against Dubai CO recorded $39.66/b in April. However margin for naptha is at an all time low.
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shplayer
Elite |
02-Jun-2008 00:12
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I tend to concur with your views, but from a different perspective. Whilst I believe that SPC is still fundamentally a good stock, I think CO prices may have gone up too much too fast. Whilst the supply/demand imbalance may be a factor, I believe this round of upswing in CO has a lot of speculative element in it. One reason for my suspicion is tanker rates have been on the rise due to demand for storage purposes......see attached link http://www.marsoft.com/high_tanker.htm Sooner or later, speculators who have been hording CO will have to release this idle inventory (probably when they see sufficient profits) which will cause a price correction in CO. This may in turn affect SPC share price....due to the 3Q06 effect. When the correction in crude has settled, it may be a good time to consider accumulation of SPC again. Just my personnal opinion....
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HLJHLJ
Veteran |
01-Jun-2008 23:22
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Sorry, i should not contribute as i do not trade in this counter. However, i'm waiting for correct time to buy. I've just looked into the chart and TA is bearish. MA is not closing and williams at the bottom. I'll not buy for now. |
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SupremeA
Veteran |
01-Jun-2008 19:18
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ok could u explain please?
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shplayer
Elite |
01-Jun-2008 16:08
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Perhaps I can weigh in on this discussion. I disagree with L... that Upstream (US) contribution is limited. Comparing YoY 1Q eps, US for 1Q08 increased to 7.4c (from 1c in 1Q07). This is almost 40% of total 1Q08 eps.(<5% for 1Q07). With higher CO price, this contribution will improve. When more US projects come onstream, the US contributions will improve further. As for Downstream, refiners like SRC are usually able to peg their product prices according to CO prices. However, if you recall 3Q06, the fluctuation in CO can be a double edge sword....when CO dropped quite drastically....SPC had to write down about $75m on revaluation of inventories....i.e. SPC was holding inventory of products/feedstock with CO bought previously at a high price. Just my view...... |
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Livermore
Master |
01-Jun-2008 08:54
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Of course the answer is no.
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SupremeA
Veteran |
01-Jun-2008 02:52
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maybe cos they have stocks of oil in their inventory that were bought at lower prices and therefore COGS were lower last year?
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lookcc
Master |
31-May-2008 23:01
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uncle, if shortists n accumulators hit spc tis monday, why not u do "technical" short 4 beer.....cheers.
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Livermore
Master |
31-May-2008 22:26
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If rising crude oil price is not good for SPC, then how did SPC have a record year in profit last year when crude oil price rose from about US$55 three years ago to about US$90 last year
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lookcc
Master |
31-May-2008 22:21
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sorry, expected divy for jan to june should read 20 cts (not 40 cts) n for july to dec should read 40 cts (not 20 cts).
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Livermore
Master |
31-May-2008 18:52
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Whatever busness you run, your product price must always play "catch up" if your feedstock price goes up | ||||||||||||
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