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SPC
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chinkiasu
Master |
24-Jan-2007 23:25
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i believe so too, singaporegal.. thanks for the insight.. I will hang on then... |
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chinkiasu
Master |
24-Jan-2007 23:19
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i should add that at 4.70 the PE is 8.5 which normally means a very good buy |
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singaporegal
Supreme |
24-Jan-2007 23:05
Yells: "Female TA nut" |
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Volumes are just slightly above average today. Could be uptrending now. |
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chinkiasu
Master |
24-Jan-2007 23:00
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hi giantlow, I am new kid for this forum, but have been watching this thread for some time. Like you I have vested in Dec 06 when the warrant was at 6 cts... and then saw it tumbled to 1.5 while being kiasu I bought more, hoping to even down ( to 4cts) but finally chicken out at 2cts.. I certain share your stress for the last few weeks, watch weather reports etc. I am now heaving sigh of relief as I managed to sell some today and cut lost but I think I could make back the loss if I hang on to the rest till it hits 5cts? personally I really believe SPC is last of blue chips waiting for their rally and have no doubt it will go up in the medium term.. the question is will it go past 4.70 by March 5th? |
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shplayer
Elite |
24-Jan-2007 22:57
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giantlow, I doubt very much that there will be a reversal of provisions.
That is the reality of the situation. On a positive note, SPC's closing price of 4.36 today translates to P/E of 7.9X FY06 earnings. |
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shplayer
Elite |
24-Jan-2007 22:49
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FY06 results were dragged down by the following:
The above cost SPC about 4.36cts in eps for FY06. The 20cts ordinary divident was expected....but the 15cts special div was a pleasant surprise. For FY07, higher contribution can be expected from upstream activities (FY06 upstream profit was approx 2.8cts per sh) when yang production comes on stream. Based on 2006 oil prices, my estimate of Oyang's contribution, if it was production the full year, will add abot 3.8 cts per share to the bottomline. |
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iPunter
Supreme |
24-Jan-2007 22:38
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A surge is highly imminent, maybe a gapping one. |
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Livermore
Master |
24-Jan-2007 22:38
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Hm... there seem to be pessimists on this company. Well let's see........:) |
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giantlow
Master |
24-Jan-2007 22:35
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this could be a classic case of "big bath" provisioning maybe the auditors will reverse a large part of the provisioning later victorian, u seem very pessimistic eh. |
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KiLrOy
Master |
24-Jan-2007 22:23
Yells: "I buy only what I can see." |
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Higher high, higher low. Still room to extend. :) |
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sylow108
Member |
24-Jan-2007 21:34
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Checked this counter and there was quite a large volume snapped up (317K) last minutes before mkt ceases. Perhaps drawn by the 0.35 dividend... |
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billlec
Member |
24-Jan-2007 21:33
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hello victorian,35cents dividend ,does it mean the market will start at $4.7 tomorrow? |
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giantlow
Master |
24-Jan-2007 20:36
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any comments by elf, singaporegal, victorian? |
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giantlow
Master |
24-Jan-2007 20:36
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some areas of concern provision for impairment for trade recievables in 2006 compared to a huge write back for 2005 write down of inventories to NRV provision for impairment of investment in joint venture |
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giantlow
Master |
24-Jan-2007 20:25
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nickyng is a diehard shortist eh!!! hahaha 35cents dividend is very exciting. revenues increased but profits dropped/ i dun know whether to be happy or not leh. i bought the warrents at 5cents, today it recovered slightly to 3.5cents. |
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nickyng
Supreme |
24-Jan-2007 20:21
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err...with profit down 29%(taking into consideration downtime of cracker for maintanence) i thk wont be too much of the excitement for SPC even with CD of 35cts :D non-event i guess..perhaps worth a SHORT tomor? hee.. |
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Livermore
Master |
24-Jan-2007 20:02
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Hm.....just Livermore will do actually .............:). This forum is not just just helping others. I hope we all keep a "lookout" for one another and warn when others might attempt to do something rash. Don't wish to see people get "burnt".............. All the best..... |
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iPunter
Supreme |
24-Jan-2007 19:56
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Livermore... You have just been conferred the honour by the Highest of All Highness of The High. |
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iPunter
Supreme |
24-Jan-2007 19:54
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Billec... How much higher it will go is anyone's guess. If I am not wrong, warrants themselves are not documents of ownership of the shares, but only a right of buying the shares at the stated price (when it is "in the money"). If you exercise before XD, I suppose you will be entitled to the fat div. |
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Livermore
Master |
24-Jan-2007 19:50
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How come my nick is now senior as I never changed my nick?? |
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