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KrisEnergy
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sheerluck
Supreme |
10-Apr-2018 19:30
Yells: "Work for your money first then let your money work for you" |
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I was about to say the nasty surprise will be that it turns out to be KC selling and not FR......all will fall off chairs.  But for now all can assume it is FR who has exited.  I cant see how changing from FR to these two new SSH will made a difference in KRIS business.  Share price wise, with FR stopped unloading in open market, it should help to give some support. External wise . oil price is now a great help. Internal wise, Cam Block A will only come in 2nd half of 2019. |
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sbscap
Master |
10-Apr-2018 19:23
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KC not buying any of these shares may actually be a good thing because there is a fear, for me at least, that Kris will be privatized at a low level. These two new SSH are smart and rich. They are not people who will flip for a cent or two. They are entrepreneurs, businessmen, who may see Kris as an attractive long term investment. Kris is too small to attract major players. This set of new SSH is good enough for me. For those who are not shareholders, they will never know the feeling of hopelessness with FR selling at any level and over a very long period of time, regardless of the what happenss to the general stock markets or oil price. Brent is now at USD69+. Kris is going higher.
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SgTrader17
Elite |
10-Apr-2018 19:00
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This is getting interesting. KC didn't buy any stake, added two more SSHs, like from FR's disposal of its 270M shares. (Unless later proven wrong, that it's KC selling, not FR. BUT UNLIKELY) I don't really know where these two SSHs pop up from, as there's no direct link up between FR and them, I suppose? After they took up stakes thru married deals on 06/04, each about 130+M shares, KC then announced of cooperation with Kris. Can we feel more secured now, with 3 SSHs in Kris energy now, holding about 60% on total of Kris energy (40% public float, correct me if I am wrong place). Hope will be able to sit on my small stake of Kris energy and wait for price recovery in the future. Vested. Good luck to all supporting. Dyodd. | ||||
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ehclim
Elite |
10-Apr-2018 18:51
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ehclim
Elite |
10-Apr-2018 18:46
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Solid backing. YTL also owns Power Seraya Power Plant.
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sbscap
Master |
10-Apr-2018 18:42
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It' s out. Yeoh Sock Siong bought the rest. Son of the late Francis Yeoh of the YTL family. With billionaire backing, this baby is going to rock. | ||||
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NextEvolution
Elite |
10-Apr-2018 18:41
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Disclosure of Interest/ Changes in Interest of Substantial Shareholder(s)/ Unitholder(s)::Notification of Changes in Interest in Shares - Substantial Shareholder
New SSH: Mr Yeoh Sock Siong 10.342% from 1.292% previously |
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SgTrader17
Elite |
10-Apr-2018 18:40
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KepCorp owns 40% of Kris. If add FR stake, it's almost 49% to 50%, and down the road, what's next to come besides the cooperation in business? If KC wants to part Kris energy, long time already do it. Won't do so much including the warrants, Manpower shift, recent collaboration etc. I think they waited long time for FR to par it's stake, then restructure the business model of Kris energy and the plans ahead. With FR in the picture, maybe things won't get going as smooth as FR holds a big stake as SSHs previously. Its time to change for the better and progress on. Ppl kept shouting for Rights issue. Time will tell will KepCorp let Kris fails or support it all the way. Vested. Maybe another one or two months time, things will be more clearer where Kris energy is heading. Recent recovery is positive to me. Dyodd please.
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sheerluck
Supreme |
10-Apr-2018 18:31
Yells: "Work for your money first then let your money work for you" |
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This agreement should benefit both KRIS and KC.  KC may get more business and KRIS (hopefully) can get better pricing for their production works.  This may also give KRIS more headroom if KC can grant KRIS more flexibility in their payment term with KC.  KC getting more involve in KRIS operation might also aid in KRIS merging into KC business eventually.  Is KC hinting on some longer term plan with KRIS here? | ||||
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SgTrader17
Elite |
10-Apr-2018 18:31
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Relax. Today's closing at 0.101 from low of 0.097 shows strength. No more FR selling. If they don't announce, I take it that there's more to come, together they announced. Lol. US futures strong, oil prices up, no more FR disturbing, what's next? Those whom want take profits, after few days, prices will bounce even stronger. I don't think it will just rise from 0.082 to 10.7cts then retract back below 10cts and then go lower. prior to 26/04 AGM, may see more actions and higher volume daily. That's without FR, no price depressions like last time. Vested. Dyodd. My views may not be 100% correct.
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rainbowman
Senior |
10-Apr-2018 18:21
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still no news on seller? can like that meh?
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sbscap
Master |
10-Apr-2018 15:33
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DBS is Temasek-owned. One big family. How not to succeed?
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ehclim
Elite |
10-Apr-2018 15:14
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Another point to add is that why DBS extends the RCF till 2020.
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sbscap
Master |
10-Apr-2018 15:06
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Oops, thanks. I got WTI mixed up with Brent. So the trend is up or that prices stay high. Incidentally, Kris is Keppel' s only direct upstream oil sector exposure if I' m not wrong. Let' s hope for a decent closing today.
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TeoMark
Veteran |
10-Apr-2018 15:00
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Hope this cooperation is not a transfer from left pocket to right pocket, end up no money left for shareholders/bondholders.
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WL123456
Supreme |
10-Apr-2018 14:50
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Brent update : usd$69.95. | ||||
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sbscap
Master |
10-Apr-2018 14:49
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Many who seem to ask or say silly things or questions basically aren' t so familiar with Kris. Understandable. That' s why the share price, in my opinion, has plenty of room to move up. I feel that there are two big things happenig simultaneously. The share overhang is gone for one. The second is the Keppel/FELS announcement. If Keppel is in-charge of some of the projects, I actually feel not just more comfortable that things will be done on time and with good quality but also that Keppel is expressing a very serious in Kris. | ||||
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huathuat88888
Elite |
10-Apr-2018 14:44
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You bought so low price ? I thought 9.8 cts is cheap already.
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sbscap
Master |
10-Apr-2018 14:42
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market very bullish in HK and tonight in US (my guess). The trade war show almost over. Brent at 66+ is near the high over the past few months. Kris will trade like normal O& G shares. 10.5 will be great. I can see some of what I bought last week at 9.1.
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Starwar88
Supreme |
10-Apr-2018 14:39
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All counters like waking up. Hopeful is a start of good things to come. Bobi Trump don?t say anything stupid tonight | ||||
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