| Latest Forum Topics / KrisEnergy |
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KrisEnergy
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RoundRound
Elite |
31-Dec-2015 14:28
Yells: "Tikam Tikam can also" |
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Free-falling down 50% in about 4 weeks. High risk stock as mentioned on Tuesday. Not vested yet
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sheerluck
Supreme |
31-Dec-2015 13:59
Yells: "Work for your money first then let your money work for you" |
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Both equally bad.  You might be forced to close your position and take the losses.  Anyway better study more about the coy and then decide what to do with your investment/trade.
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feedfrenzy
Veteran |
31-Dec-2015 13:52
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no la margin call still not as jia liat as he contra   at least its within his account limit
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sheerluck
Supreme |
31-Dec-2015 13:43
Yells: "Work for your money first then let your money work for you" |
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wah lau.  leverage even more dangerous.  May ganna margin call now that price dropped to 16.6cts. 
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sheerluck
Supreme |
31-Dec-2015 13:41
Yells: "Work for your money first then let your money work for you" |
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You already answered this question yourself.  When the price collapse from 30cts to 18.6cts, you might think it is a bargain and collected them.  Then dropped further to 17.2cts you might think it is a even better bargain and collected them.  Similiar, someone who think alike will collect at 16.6cts will thinking it is a bargain.  The person will then ask the same question later when price dropped to 14.6cts: if all the way dump who is buying?  So this just gets repeated over and over again when price reaches say, 14.6cts, 12.6cts, 10.6cts, 8.6cts, 6.6cts, 4.6cts, 2.6 cts, 0.6cts.........
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feedfrenzy
Veteran |
31-Dec-2015 13:37
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i hope you are on leverage(CFD)   not using own cash and contra, that is alot of shares man!!!!! chiam.. i feel for you..   hope its short sellers and weak hands NOT insider sale  
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fighting
Master |
31-Dec-2015 13:25
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I bought @186 x 300 lots (300,000 shares) yesterday and another 300 today @172. Up lorry!!!
All the way dump dump but who buying? No chance for profit at all.
If really bad news on the way, it should be dumped with big volume right? Confuse...... anyway good luck
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sheerluck
Supreme |
31-Dec-2015 13:10
Yells: "Work for your money first then let your money work for you" |
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You know in this environment of low oil price, many oil coy cut CAPEX.  KRIS is still at stage where they have lots of exploration and apprasial activities.  These are CAPEX intensive.  But KRIS cannot stop because that' s the only thing they have.  If in the end the cost of production is not viable for profit, then all their investments are worth zero.  If their finance backers see no hope in KRIS turning profit in the next few years, they cut loss or pour in more money?  If the credit line is gone, so is KRIS. DYDD |
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fortunecat
Master |
31-Dec-2015 13:06
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Short sellers who set a price to cover, and maybe people who queued low for fun and never expect will get it?
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feedfrenzy
Veteran |
31-Dec-2015 13:03
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i bought some lo... 50,000 shares which is 500 lots   http://www.financeasia.com/News/348597,keppel-ups-support-for-krisenergy-on-eve-of-ipo-launch.aspx I wonder if its keppel selldown? But tbh is close to worthless now $1 to $0.166... sigh...
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polarinda
Master |
31-Dec-2015 12:58
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So whos buying On the way down.?. | ||||
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blurtrader
Master |
31-Dec-2015 12:51
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what news you heard?   can share?
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feedfrenzy
Veteran |
31-Dec-2015 12:49
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seems like alot angry investors here.. sell all but 100shares and go agm and make a moneky out of them,,,
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fortunecat
Master |
31-Dec-2015 12:45
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If true, monday probably gap down on opening
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lglg666
Supreme |
31-Dec-2015 12:44
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Totally clueless about what went wrong and till now.....no news? Crap....a pile of poo!!
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lglg666
Supreme |
31-Dec-2015 12:36
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Totally crap stock. One of worst stocks for the past week. Crap or poo!! | ||||
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polarinda
Master |
31-Dec-2015 12:36
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30% in 3 days.
And the company donno why |
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feedfrenzy
Veteran |
31-Dec-2015 12:35
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think really kenna short sellers la.. else i dun think sell down so scary....
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sheerluck
Supreme |
31-Dec-2015 12:33
Yells: "Work for your money first then let your money work for you" |
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Check these few things: - are their asset mostly offshore?  Offshore cost of porduction may be not profittable given low oil price. - how much are they still investing in this low oil price environment?  A few millions or a few hundred million.  Can they recoup it? - based on their cash flow can they sustain?  Will they need cash call again? - has KRIS done any impairment to date?  If not, take their balance sheet and discount off some of their asset.  Since oil dropped about 70%, you can discount 70% (prudent) to 0% (denial). -  Will Keppel just decide to write off rather than pump good $ after bad $. - Lastly what are the chance of them going bankrupt?  Don' t deny this possibility.  This is a real question to consider. Do note that any investment decision made by whatever agong before OPEC deciding to remove cap on production on 4 Dec may no longer be valid.  So don' t think got Keppel is safe.  OPEC decision may have made Keppel regretted on their decision but what to do.  Mistake also wouldn' t admit one.  Now Saudi is prepare for low oil price.  Take a cue from them.  Can KRIS susrvive even if oil is to go back to ard US$40 - US$50? DYDD.
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ojunyuan
Member |
31-Dec-2015 12:33
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alot bad news .. i had to sell off all . some uncomfirm news which is real bad
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