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Any comments on Sky Petrol?
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lawcheemeng
Master |
13-Jan-2011 21:05
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another of my long term holding.........heeeheee.......running up with high vol ......good sign...... |
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mirage
Veteran |
06-Jan-2011 15:46
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Red Flag this counter, Sky Petrol is UP 0.015 cents, up 7.692% | |||||||||||||||||||||
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mirage
Veteran |
06-Jan-2011 11:05
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Sky Petrol is up 0.01 cents, up 5.128%. | |||||||||||||||||||||
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Immotion
Member |
07-Dec-2010 13:18
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The chart show that it is not anytime soon. The business fundamental and transforamtion to rig rental and chartered oil transportation place the compnay in better position, obviously it not be recognise by the investment public... Currrently, shareholder is being rewarded. The question is they said they are raising fund to buy more vessels and rigs (?), if any, have to wait for their business expansion plan before any interest can be triggered. |
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lisalisa
Member |
07-Dec-2010 12:28
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This stock is sleeping!! When is she coming out to play? |
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lawcheemeng
Master |
30-Nov-2010 13:24
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even after placement of 60 over million new share....Nav is still at approx 31cts.....cash increases to 52 million..... expecting next qtr to top last qtr......so if next qtr earning after dilution may hold at 1.6cts......P/E will still be in the lower 3plus.....................and growth potential leh......they place out share to buy tanker for the shipping company leh......the ppl who buy onto the company buy in at close to 18cts.......tooo......hehhehee..............one of them is the brother of KS energy dao kay ....you see the picture?.....no call to buy sell or hold...........hehehhehe......... |
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lisalisa
Member |
30-Nov-2010 12:37
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Looks like it breaks support line. 1st at 20.5c, then now 18c.Is SkyP a good buy at 18c? Good support at 18c? |
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enghou
Senior |
24-Nov-2010 16:44
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SIAS Research recommends BUY on Sky China Petroleum Services Reasons: (1) Strong balance sheet, with gross debt-to-equity ration of less than 5% (2) Net cash position of $42m, which brings net cash per share of 13.1 cents. (3) Attractive valuation of 4.1x FY2010 PER and 0.6x FY2010 P/BV. Target Price at 28.5 cents Make love more, don't make more enemies |
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Immotion
Member |
11-Nov-2010 17:09
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Bascially agree but so many stocks are low PE too, need to be notice by market. Today market ignore the set of good result and transformation.... Hope your up up up will come soon | |||||||||||||||||||||
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lawcheemeng
Master |
11-Nov-2010 09:59
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See wat i meant....hehehehe.....earning this qtr tops 1.98cts per share.....annualise at this rate will be aleast 7.5cts a share...at present price of 22.5..P/E of 3 only......( rental of drill rigs and drill very stable leh long term contracts/ shipping too)....only need to keep for longer lor....just like china gaoxian.....now flying liao...hehehe |
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lawcheemeng
Master |
11-Nov-2010 07:50
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Up...Up.....Up....up to the market lah.....hehehehe | |||||||||||||||||||||
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Immotion
Member |
11-Nov-2010 00:38
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3Q results out liao! any comments where the counter heading tomorrow? North or South.... The move to transform the company is working out well. Charter rate is good, drill rental busines is strong and profitable. | |||||||||||||||||||||
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lawcheemeng
Master |
23-Oct-2010 11:02
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Dow 22-Oct Share!12 ![]() Mr
Tan Fuh Gih and other investors pumped S$10.66 million into Sky China
this week to fund the acquisition of a vessel to expand the company's
oil product tanker fleet.
Investors from the oil & gas sector, including the likes of Tah Fuh Gih (younger brother of tycoon Tan Kim Seng and also one of the pioneers of KS Energy), pumped in S$10.7 million this week to help the company expand its fleet of refined oil product tankers. Not only does the oilfield services group already have a cash cow in its inland oilrig equipment rental business, it ventured this year into trans-shipment of refined oil products in Chinese waters. ?We want to provide integrated oilfield services,? said its CFO Jeff Li during a meeting with NextInsight yesterday. And the management had identified refined oil product trans-shipment (domestic transportation) as a niche business that holds opportunities unique to China, explained Mr Li. ![]() At
20 cts per share, Sky China's market cap is now S$80 million after
adjusting for share capital increase to 401,429,540 shares following the
placement.
Riding on booming oil consumption in China Opportunities in oil product trans-shipment arise from China?s growing oil consumption: McKinsey estimates that China, already the world?s largest automobile market in 2009, will see its vehicle fleet increase tenfold between 2005 and 2030. Even though China has huge oil reserves, it prefers to import. In fact, imported crude oil accounted for 52% (204 million tons) of its total oil consumption last year. China National Petroleum Corp and Sinopec Oil currently dominate refining in China, but unlike in other countries, Mr Li tells us that these big petrochemical companies do not have a dedicated oil product shipper. Niche player in oil product transportation On 25 Feb this year, Sky China acquired 49% in Wenling Xinghai Ocean Shipping, a vessel charterer specializing in transporting petroleum products along the middle and lower areas of the Yangtze River for petrochemical companies. Xinghai is one of China?s 3 top domestic shippers of refined oil products, and also provides shipping intermediary service, and distribution of the products for ship and non-dangerous chemical fuel oil. There are currently only about 200 refined oil product tankers plying Chinese waters, and Xinghai owns 11 of them. So far, there are only about 30 vessel charterers that provide trans-shipment services for refined oil products on Chinese waters, even though this niche sector is riding on China's growing petroleum consumption. There are several reasons for this.
Firstly, Chinese maritime law requires refined oil product tankers plying along China's transshipment routes to be China-flagged. So there is little competition from foreign charterers. Secondly, trans-shipment is too small to interest the likes of the state-owned COSCO Group, which is one of the world?s largest shipping lines and the parent of SGX-listed marine engineering services provider, Cosco. Thirdly, small players face difficulties obtaining the necessary ship financing: A brand new oil product tanker of 10,000 DWT will set its owner back by some Rmb 100 million at current prices. This is partly due to government policies introduced to weed out small and inefficient marine and offshore players in an attempt to help the sector tide through the severe downturn in 2008. Sky China, on the other hand, is able to raise funds in Singapore to expand Xinghai?s fleet. Oil transportation contributed 50% to 1H10 group revenues, and segment gross margins were 46.2%. Sky China?s 3Q2010 results will be released around 9 to 10 Nov. Written By: NextInsight n by the River where the $$ flow............hehehe......read this........... |
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lawcheemeng
Master |
20-Oct-2010 12:24
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hehe....expect to move up liao...since never go down.......Cheong ah......3 qtr result just round the corner.....buy vessel to expand business...hehehe....the KEY word........higher chartering rate ......the Profit.......hehehe......down by the river where the water flows....hehhehe.....water the KEY word........$$$$........flows....the Profit.....hehehe....... | |||||||||||||||||||||
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lawcheemeng
Master |
20-Oct-2010 11:20
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The entire proceed of $10.61million will be use to purchase of vessel to expand it fuel oil transportation business......so must be booming business since last Qtr report of higher average price for the chartering of their vessel for transporting fuel oil....up the river......hehehe.....down by the river where the water flows...hehehe...the ships are bringing $$ to our pocket lor.... |
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lawcheemeng
Master |
20-Oct-2010 10:25
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Don"t mind me say you hor......if you are new better go read more about wat is placement lor......if you oredi in the market...do becareful......you may one day loss your pants.......better read up more.....do not learn the painful way like i did when i was new.......placement are share place out by the company when they need extra funds...or ppl interested to invest in compy.....please read up more.......good words are hard for the ears......just good medicine is always bitter...hehehe...no hard feelings OK......
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tapildo76
Member |
20-Oct-2010 09:31
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Who are those ppl ? and why must sell then at such big discount | |||||||||||||||||||||
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Sporeguy
Elite |
19-Oct-2010 22:50
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Based the issued share capital of the Company of approximately S$56,548,000 comprising 341,149,000 Shares as at the date of this Announcement and assuming that all Subscription Shares are issued, on completion of the Subscription, the issued share capital of the Company will increase to approximately S$67,160,000 comprising 401,429,540 Shares. Based on the unaudited consolidated financial statements of the Group for the six months ended 30 June 2010 (as announced by the Company on 11 August 2010), the Group’s net asset value per Share and earnings per Share was approximately 35.33 cents and 1.64 cents respectively. Assuming that the Subscription had been effected on 1 January 2010 and that all the Subscription Shares are issued on the same date, the Group’s pro forma net asset value per Share and pro forma earnings per Share, after adjusting for the issue of the Subscription Shares, would be approximately 29.51 cents and 1.37 cents respectively. | |||||||||||||||||||||
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Sporeguy
Elite |
19-Oct-2010 22:26
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Here is the connection to the placement CHANGE IN CAPITAL :: PLACEMENT :: PLACEMENT OF SHARES | |||||||||||||||||||||
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lawcheemeng
Master |
19-Oct-2010 21:42
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Hehehe.......placement of 60 million new share at a price17.68cts a share.......dilution of earning liao......good or bad...hehehe....by rite it bad.....but up to mr market leh......look at lorenzo.....placement 11cts......share price shoot from 13 cts to 27.5cts.....now still at 18cts......so placement good or bad.....by rite bad........by wrong is good lor....hehehe.........take care if shoot up....better cash out lor...then buy back later lor......like lorenzo....waiting to buy back....can go lower some more.....hehehehe |
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