ShareJunction - Member Posts

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Apparently as reported by the Cambodia post and supposedly expressed in their annual report, farming out a stake of the Block A Oi Field will be good.

sheerluck ( Date: 27-Feb-2017 13:11) Posted:

They guided that their CAPEX for 2017 is US$120mil. This is way above their ops cashflow. Most will be funded by RCF, Perf offering proceeds and debts. Will they have enough cash beyond 2017 for their operations if they continue to spend at this level?

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Analysts will take some time to review the annual report before adjusting their recommendation. According to the report, it seems KrisEnergy has been selling oil at ave of about US$30+ for FY16. In last quarter, they managed to increase to US$39+ per barrel. With current oil price of US$54, they should be seeing significant improvement ? Hope they didn't lock in too much in advance at lower prices. Minimally above US$40 ?

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Depends if you believe the 50D MA will offer strong support to continue the up trend.

Jeromelow ( Date: 26-Feb-2017 21:17) Posted:

grab it now?

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Anyone can advise which NTA should we be looking at - company or group ? What's the difference ?

Lucky03 ( Date: 25-Feb-2017 18:16) Posted:

One thing that I'm not sure is how to derive the NTA of a company share ? Based on the company column or group column. For KrisEnergy, its NTA is US$0.017 at Group level and US$0.46 at Company level.

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One thing that I'm not sure is how to derive the NTA of a company share ? Based on the company column or group column. For KrisEnergy, its NTA is US$0.017 at Group level and US$0.46 at Company level.

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Keppel has been announcing daily shares buy back recently from 20-24 Feb and its share price has risen from $6.20 to $6.95 this month.

If KrisEnergy is indeed very strategic to Keppel and they can identify the distinct synergy, will they be offering Keppel shares to take KrisEnergy private ?

Lucky03 ( Date: 25-Feb-2017 13:57) Posted:

Below extracted from Nov 3 2016 Credit Assessment by OCBC

Keppel Corp Ltd. (?Keppel?), KrisEnergy Ltd, 40% owned by Keppel: Keppel has announced a non-renounceable and non-underwritten preferential offering of up to SGD140mn senior unsecured zero coupon bonds due 2024 that come with free detachable warrants. Through wholly owned indirect subsidiaries, Keppel will subscribe for its full entitlement of the notes and warrants as well as those not subscribed for which could potentially raise Keppel?s stake in KrisEnergy to as much as 67% according to The Business Times. We previously flagged in our Asian Credit Daily on 30 September 2016 of Keppel?s intention to explore opportunities to link its diverse units up including Keppel O&M providing solutions for KrisEnergy Ltd?s offshore gas fields. We think this co-operation amongst subsidiaries and Keppel?s support for the preferential offering could indicate that Keppel?s investment in KrisEnergy is now viewed internally as more strategic. The preferential offering is subject to waivers, consents and approvals being obtained from the Securities Industry Council of Singapore, SGX and shareholders of KrisEnergy as well as KrisEnergy?s noteholders approving the restructure of its SGD330mn in bonds due over 2017 and 2018 into new notes that mature in 2022 and 2023 respectively (earlier than the proposed senior unsecured zero coupon bonds) with lower coupons (some cash and some deferred) and incurrence covenants in place of financial covenants. We do not currently cover KrisEnergy Ltd.. (Business Times, Straits Times, OCBC)

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Below extracted from Nov 3 2016 Credit Assessment by OCBC

Keppel Corp Ltd. (?Keppel?), KrisEnergy Ltd, 40% owned by Keppel: Keppel has announced a non-renounceable and non-underwritten preferential offering of up to SGD140mn senior unsecured zero coupon bonds due 2024 that come with free detachable warrants. Through wholly owned indirect subsidiaries, Keppel will subscribe for its full entitlement of the notes and warrants as well as those not subscribed for which could potentially raise Keppel?s stake in KrisEnergy to as much as 67% according to The Business Times. We previously flagged in our Asian Credit Daily on 30 September 2016 of Keppel?s intention to explore opportunities to link its diverse units up including Keppel O&M providing solutions for KrisEnergy Ltd?s offshore gas fields. We think this co-operation amongst subsidiaries and Keppel?s support for the preferential offering could indicate that Keppel?s investment in KrisEnergy is now viewed internally as more strategic. The preferential offering is subject to waivers, consents and approvals being obtained from the Securities Industry Council of Singapore, SGX and shareholders of KrisEnergy as well as KrisEnergy?s noteholders approving the restructure of its SGD330mn in bonds due over 2017 and 2018 into new notes that mature in 2022 and 2023 respectively (earlier than the proposed senior unsecured zero coupon bonds) with lower coupons (some cash and some deferred) and incurrence covenants in place of financial covenants. We do not currently cover KrisEnergy Ltd.. (Business Times, Straits Times, OCBC)

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Depends on the valuation of the stake. If they sell significantly higher than the valuation, then not only it relieves debt burden and improve cash flow, it can also help to book in profit. On the other hand, if he sell lower, it can be seen as fire sales and while it still serves to lower debt heating and improved cash flow, it may further aggravate impairment charges. Hope that KrisEnergy has taken care of the potential impairment charges with the significant writeoff as reported in the year's financial result.

Crude price holding US52-$54 will be helpful.

Jeromelow ( Date: 25-Feb-2017 13:05) Posted:

selling stakes to ease burden consider good or bad news?

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I thought the article quoted by zeusleo is signficant if KrisEnegry starts the ball rolling.

zeusleo ( Date: 24-Feb-2017 14:54) Posted:

Anyone saw and read this?

http://www.phnompenhpost.com/business/krisenergy-consider-selling-stake-block

According to the Financial statment the non-current asset is worth 170million.

Price action does not reflect that news.

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No news of any analyst report.

Jeromelow ( Date: 25-Feb-2017 12:17) Posted:

likely to hit 20 cent again monday or tuesday

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Still don't know if they have received approval from the Cambodian Government to commence extraction. Guess that will definitely make the stake much more valuable. So far, yet to see any analyst issuing report after the update post result announcement.

zeusleo ( Date: 24-Feb-2017 14:54) Posted:

Anyone saw and read this?

http://www.phnompenhpost.com/business/krisenergy-consider-selling-stake-block

According to the Financial statment the non-current asset is worth 170million.

Price action does not reflect that news.

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Not too far away....

Mandy1986 ( Date: 23-Feb-2017 21:15) Posted:

Simple.. just pray n see that Brent Oil hit US$59.56... lol

Jeromelow ( Date: 23-Feb-2017 21:07) Posted:

any expected price ? haha

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You meant 0.255 ? :)

HB8289 ( Date: 23-Feb-2017 20:21) Posted:

Any potential it will reach 0.22?

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Further, the inpairment charge will lower the NTA. If Keppel decide to take it private, it will also be 'cheaper' ...

peterz ( Date: 23-Feb-2017 17:25) Posted:

Yes. Accounting game.

Lucky03 ( Date: 23-Feb-2017 17:18) Posted:

Crude may hit US$55 these 2 days. KrisEnergy is operationally profitable but they decided to take a significant non-cash impairment charge. Well, that's prudent as the loss will allow them to offset against future years of taxable income. Besides, if for any reasons that some of the asset find useful purpose or can be salvage with any resales or goodwill, they can actually 'recover' ....

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Crude may hit US$55 these 2 days. KrisEnergy is operationally profitable but they decided to take a significant non-cash impairment charge. Well, that's prudent as the loss will allow them to offset against future years of taxable income. Besides, if for any reasons that some of the asset find useful purpose or can be salvage with any resales or goodwill, they can actually 'recover' ....

peterz ( Date: 23-Feb-2017 17:07) Posted:

You are right and I am still holding my shares, the average price is 0.21

Mandy1986 ( Date: 23-Feb-2017 16:34) Posted:

Just trade on the company' s future.. result is out, so keep it that way as a past.

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Maybe when oil hits US$55 by tomorrow.

Lucky03 ( Date: 23-Feb-2017 15:00) Posted:

Good luck ! Looking forward to KS testing its 52 weeks high of 0.255.

Mandy1986 ( Date: 23-Feb-2017 14:56) Posted:

See better to switch to GSS.. Anyway brought some Kris Wrt at 0.109 for good luck..

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Good luck ! Looking forward to KS testing its 52 weeks high of 0.255.

Mandy1986 ( Date: 23-Feb-2017 14:56) Posted:

See better to switch to GSS.. Anyway brought some Kris Wrt at 0.109 for good luck..

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Confidence is building up again. At one stage this morning, total buy q was less than 1.8m. It is more than 9m now.

Hope you will be proven right !

Siwomp ( Date: 23-Feb-2017 12:51) Posted:

My wishful thought........ maybe it can close at 225 today on high vol ...... to signal a confirmation of its uptrend.....

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It's TA is also looking good esp when its 200 Day MA turned up. Similar chart as Geo Energy.

Siwomp ( Date: 23-Feb-2017 14:23) Posted:

FA mostly. Result shows the history. I invest in this Company for its future(potential), I dun buy its history, that is already ...well.... History. That say, DYODD, dun just take my words for it, read the reports, see the change in the " Driver" and his credentials and connections. Look at the production vol, cost of production and selling price, look at the geography of the oil wells...etcs. Cheers and Huat Ah!

yagami ( Date: 23-Feb-2017 14:05) Posted:

what is your analysis based on? TA? FA? Result is really bad leh

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When I missed picking up more as KS hit 0.199 in last run and seeing it continuing to 0.225, I was lamenting. I finally given another chance and grabbed without hesitation.