Latest Forum Topics / SPC | Post Reply |
SPC
|
|
geojam
Member |
04-Jul-2007 17:18
|
x 0
x 0 Alert Admin |
wow then divvy will be like 55cents a share?Hard to believe so. anyway,we shall see. |
Useful To Me Not Useful To Me | |
idesa168
Elite |
04-Jul-2007 15:59
|
x 0
x 0 Alert Admin |
Current PE is 10.9X. If EPS is going to be 80¢, wouldn't we see share price of $8.00-$8.40? Isn't this number will make all of us very happy? I am counting now! |
Useful To Me Not Useful To Me | |
|
|
Pinnacle
Master |
04-Jul-2007 09:50
|
x 0
x 0 Alert Admin |
announce result on 25 July. |
Useful To Me Not Useful To Me | |
Pinnacle
Master |
04-Jul-2007 09:11
|
x 1
x 0 Alert Admin |
ops. Typo... |
Useful To Me Not Useful To Me | |
jackjames
Elite |
04-Jul-2007 08:54
|
x 0
x 0 Alert Admin |
4.40? that's history man.. |
Useful To Me Not Useful To Me | |
|
|
Pinnacle
Master |
04-Jul-2007 08:40
|
x 1
x 0 Alert Admin |
Should break $6 resistance before end of the month.. Support at $4.40. |
Useful To Me Not Useful To Me | |
jkbk007
Senior |
04-Jul-2007 07:38
|
x 0
x 0 Alert Admin |
I have yet to pick up TA skills but from what I have observed, 5.85 should stay today as there is still relatively weak demand and there are many people small players who are eager to sell at 5.85-6.00. Without the BBs and news coverage, price today would probably range between 5.8 to 5.9. I have observed accumulations from the BBs. Yesterday alone there were over 2.5 million shares bought by the BBs at 5.80. Overall I am still happy as my buy price is 5.60 but I am still not ready to sell. |
Useful To Me Not Useful To Me | |
chinkiasu
Master |
04-Jul-2007 01:34
|
x 0
x 0 Alert Admin |
Acc/Dist, Chaikin, PVT, OBV, CMF, etc trending upwards.... 6.00 should now be in sight.... lets see what the day will bring..... |
Useful To Me Not Useful To Me | |
|
|
jkbk007
Senior |
03-Jul-2007 17:05
|
x 0
x 0 Alert Admin |
Will close at 5.85 |
Useful To Me Not Useful To Me | |
jkbk007
Senior |
03-Jul-2007 16:17
|
x 0
x 0 Alert Admin |
Brace yourself...BBs has started to come in!!! |
Useful To Me Not Useful To Me | |
jkbk007
Senior |
03-Jul-2007 16:05
|
x 0
x 0 Alert Admin |
I say be patient Chinkiasu. SPC is building it's support at 5.80 and now is moving (crawling) up. There is a group of people who are eager to sell at 5.80-6.00. Need to get rid of these people first. On the hand as we near 24th July, there is a good chance of increasing interest in buying SPC. |
Useful To Me Not Useful To Me | |
chinkiasu
Master |
03-Jul-2007 14:43
|
x 0
x 0 Alert Admin |
Crude oil prices are now at record high above $70 and yet our counter remains unaffected... sigh perhaps the reason is just simply SPC refinery capacity with some units under maintenance repairs is already fully utilized... but for info... report from Staronline.. Crude oil in New York held steady above US$70 per barrel yesterday, on expectation that petrol consumption in the US would rise during the peak summer months. The light sweet crude on the New York Mercantile Exchange (Nymex) was little changed in Asia electronic trade after it surged to a near 10-month high of US$70.68 per barrel last Friday. The contract had risen 8.4% over the past one month to US$70.40 yesterday. In London, the European benchmark Brent crude oil yesterday eased a bit from a one-week high of US$71.41, as heightened terrorist threat alert in Britain kept investors wary. |
Useful To Me Not Useful To Me | |
|
|
jkbk007
Senior |
02-Jul-2007 17:31
|
x 0
x 0 Alert Admin |
Chart is derived from Platts data based on Tapis crude. Operating cost is not reflected in the chart. The price does not reflect the actual margin but is good for observing the trend. Besides gasoline there are other refinery product such as naptha, jet fuel, gasoil, ...that would affect the overall refining margin. SPC core is refining business which is dependent on refining margin and also sales revenue. Nevertheless the chart is quite clear and points to a spectacular Q2 EPS. I will be posting more news update on 16-18th to provide a summary of the overall market condition for refined products in June. |
Useful To Me Not Useful To Me | |
idesa168
Elite |
02-Jul-2007 16:47
|
x 0
x 0 Alert Admin |
mmm...sorry, the chart you posted is the Gasoline 95 Refinery Margin, Not SPC RM right? Will they be the same? |
Useful To Me Not Useful To Me | |
idesa168
Elite |
02-Jul-2007 16:45
|
x 0
x 0 Alert Admin |
Dear jkbk007, thanks for the chart, very encouraging indeed. Q1 announced a RM of $7.00. Does this mean that Q2 we will see higher RM since it hit $12-$13 from the chart? Can we safely say the RM is about $9.00 on average in Q2? Share price of SPC @$5.80 is cheap then! |
Useful To Me Not Useful To Me | |
geojam
Member |
02-Jul-2007 16:41
|
x 0
x 0 Alert Admin |
007 good work...where do u get the chart may i asked? also,if EPS is 80 cents ,we can look forward to a good divvy yield. |
Useful To Me Not Useful To Me | |
jkbk007
Senior |
02-Jul-2007 16:23
|
x 0
x 0 Alert Admin |
The chart below shows the refining margin for Gasoline 95 and clearly points to a very profitable refining margin for gasoline for Q2. |
Useful To Me Not Useful To Me | |
jkbk007
Senior |
02-Jul-2007 08:40
|
x 0
x 0 Alert Admin |
6.40 based on a PE of 8 and a 2007 EPS of 80 cents. This is the low end range of my estimate and a low PE is given to reflect the lack of publicity from the media. There is potential for higher valuation once SPC gains bigger publicity from the media. The recent indicator of share buyback at 5.50 is a positive development and I suspect that this is tied to the specular earnings received on April and May. June's earning is probably slightly above average. Earnings estimation is based on refining margin changes. The previous share buyback is at 4.90 in April. After that share buyback, it went up and peak at 5.85 before it retraced back to 5.50 due to Oyong delay, oil price and poorer economic sentiment in US. SPC is still in the positive trend up. Also I have taken note that for 2007 SPC trend more on fundamentals rather than technical. Thus my guess is if SPC does not break 6.05 before Q2, it should do so shortly after Q2 announcement. |
Useful To Me Not Useful To Me | |
idesa168
Elite |
01-Jul-2007 16:48
|
x 0
x 0 Alert Admin |
thanks 007 for the insight. what is your price target for spc in the next 3 months? i would like to see 6.20-6.40 range by sept. |
Useful To Me Not Useful To Me | |
jkbk007
Senior |
01-Jul-2007 11:31
|
x 0
x 0 Alert Admin |
Here is some abstract on share buyback from the AGM held in April 2.2 Rationale If and when circumstances permit, the Directors will decide whether to effect the share purchases
2.4 Status of Purchased Shares Treasury Shares As illustrated above, a summary of the financial effects as a result of share buybacks are: |
Useful To Me Not Useful To Me |