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KrisEnergy
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sheerluck
Supreme |
09-Mar-2018 09:12
Yells: "Work for your money first then let your money work for you" |
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More info pls.
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WL123456
Supreme |
09-Mar-2018 00:22
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They won?t do a rights issue . What they are trying to do now is to sell Cambodia rights to big players . I last heard they are talking to a few giants like total and EM.
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engineer
Member |
08-Mar-2018 23:54
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Wassana,i had one leg in the engineering.
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sheerluck
Supreme |
08-Mar-2018 23:46
Yells: "Work for your money first then let your money work for you" |
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I dont think they will do a right issue since Keppel need to chip in more than anyone else. KRIS is left with US$65mil and their planned capex is US$115mil.  So they need another US$50mil.  But if they raised only US$50mil, then their cash balance will be zero which is unlikely to be the case.  KRIS might further exit from some license to reduces expenses and farming out 1-2 to rake in some cash.  But I think further bank loan is unavoidable. For KRIS, tge next big boost will be their Cam Block A but this one must wait till late 2019.    Hope they dont end up with poor grade or Wassana type issue. The key words from KRIS latest results is all about cost control now.  This showed that they know what they are doing.  The big unknown will be the demand for oil and price.  Something which they have no control/influence or whatsoever on.
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jlim777
Senior |
08-Mar-2018 22:44
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Tell us more about their need of $ for their capex and operating activites, that will force them to do right issue. I cannot find this information in full year 2017 financial statement. Do you have some insider information that can be shared? This is what I find in the full year 2017 financial statement: 1. Cash and bank balance: $73,824,800 2. Current assets: $156,996,000 3. Net cash flow from operating: $23,082,600 4. Page 3 of full year 2017 financial statement said: Our financial resources in 2018 and 2019 will be redirected towards our core Cambodian and Thai assets in the Gulf of Thailand where our oil development projects are less capital - intensive and have shorter cycle times, and any mandatory commitment activities as required under our licence agreements. 5. And full year 2017 financial statement capex is only $34,501,700 after farm out. 6. Page 12 of full year 2017 financial statement said: The Group intends to fund planned capital expenditure through a combination of free cash flow from operations, the RCF, development funding and proceeds or carried interests from select farm - out and asset divestment transactions.
7. And there are still 1,255,172,256 warrants unexercised, of which about 80% owned by Keppel (or by extension Temasek). Anytime KE needs money, they can exercise the warrants.
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jlim777
Senior |
08-Mar-2018 22:02
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It is not correct, not everybody must be BP and EXXON. A lot of small players in oil mining business. In oil business, profit or loss is not correlated to small or big. Please learn the sector first before commenting.
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TraderBen
Supreme |
08-Mar-2018 21:27
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I am really worried about rights issue now. I have 300 lots and more much spare
Cash on hand
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huathuat88888
Elite |
08-Mar-2018 17:52
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Oil business not for small players. You dont have $20 bil $50 bil $100 bil to invest like BP , EXXON you dont do oil producing business.
Needs to spend big $.
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onionknight
Veteran |
08-Mar-2018 17:34
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this counter is a money blackhole, sooner temasek is going to disown ok to contra, holding is suicide
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alexmay34
Veteran |
08-Mar-2018 17:26
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Just my wild imagination, things may get clearer once Sembcorp does it&rsquo s ipo in India. Was thinking how to piece this puzzle together Kris, Sembmarine, kepcorp o& m, otherwise why kepcorp throw so much money on kris, not holding my breath though, vested dyodd | ||||
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SgTrader17
Elite |
08-Mar-2018 17:25
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Walau, why suddenly onions everywhere. Really want to be a woman meh. Super onion woman leh. Headache sia. | ||||
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huathuat88888
Elite |
08-Mar-2018 17:20
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Prop Up, suck in new retailers, announce Rights Issue. They need $ for their capex and operating activities. | ||||
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onionknight
Veteran |
08-Mar-2018 17:17
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Us futures going red and EU markets opening red as well. Tariff is expected to be signed within this week, those who got in at 85-87 range should have taken some profits today expect it to gap down when the market opens tomorrow. |
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SgTrader17
Elite |
08-Mar-2018 17:06
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Any opinions on this counter now? Since its last results, it hasn't come down from 8.8cts much and today's volume is pretty high with some gains. Wondering what's going on? Recent results only shown reduced in losses but share price seems able to maintain around pre-results level. Unless there is news coming?? Don't think KC will do any offer for this, if so, probably will be a big surprise to many ppl and will probably cause a big spike to prices. Only reason I can think of is its low price now. KC was in it since it is $1.00 and couldn't be giving up on their stake at this time, this price. Dyodd. Vested.
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huathuat88888
Elite |
08-Mar-2018 15:31
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Yoma and Oxley : because of Myanmar exposure
Yingli : because of China Real Estate Tax Levy
Creative : because shoot up too high too fast and insider offload
Genting : about time for reverse . uptrend
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TraderBen
Supreme |
08-Mar-2018 15:31
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shortists are like that one.. bear on every counter.. LOL
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WL123456
Supreme |
08-Mar-2018 15:30
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They got Temasek as godfather. No worries with cash. 
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sbscap
Master |
08-Mar-2018 15:27
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I noticed you are bearish on almost every counter. Yoma, Yingli, Oxley, Genting, Creative ...
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huathuat88888
Elite |
08-Mar-2018 15:20
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Dont be LURED into this. I suspect RIGHTS ISSUE coming. They need CASH. | ||||
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TraderBen
Supreme |
08-Mar-2018 15:19
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oil counters running abit.. | ||||
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