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IEV - decent results and promising developments
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sheerluck
Supreme |
20-Apr-2017 10:57
Yells: "Work for your money first then let your money work for you" |
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Think oil was oversold last night.   Now slowly clawing back.   Unexpected US gasoline increases jittered the market but OPEC is toying with a further extension to oil   cut and wanted non-OPEC especially Russia to be in the 25 May meeting.   Market will be watching this date with an eagle eye.   Still expecting some volatility till then but for some....everything seems calm....kind of scary as well...... |
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think2profit
Master |
20-Apr-2017 09:48
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25% gain looks possible. no many sellers.
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newbieliu
Elite |
19-Apr-2017 18:43
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Ty sheerluck let's ride on it when it briefly retrace at opening .if not it will shoot back to 104 hehe
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sheerluck
Supreme |
19-Apr-2017 18:10
Yells: "Work for your money first then let your money work for you" |
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Your IEV just released a news.   Not super duper type but at least is a good news.   See if market is hungry for a strong rebound tml.   Market may capitalise on any good news.
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sheerluck
Supreme |
19-Apr-2017 16:39
Yells: "Work for your money first then let your money work for you" |
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Market is having a roller-coaster ride now.........
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newbieliu
Elite |
19-Apr-2017 16:07
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it is coming back the wave! ride it before it is too late... could be some news coming or cover by BB
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sheerluck
Supreme |
19-Apr-2017 10:30
Yells: "Work for your money first then let your money work for you" |
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I don' t bet on share buyback.   First, IEV will need the cash for their project.   Second, share buyback in SG penny stock don' t do much.   Third, even mgmt sell when price is " good" to them. The KSO risk is an all-or-nothing scenario.   PT Pertamina play pang, IEV will toh.   Unlikely as you said but need to keep this big risk in mind.   These has better be money you can afford to lose just in case. You can attend the AGM ans ask the CEO about the KOS issue.
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newbieliu
Elite |
19-Apr-2017 10:12
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With the share buyback mandate u never know when they will exercise it when the talks are progressing . The float is small so it worth the risk hehe since my average price is Low enough now. Haha can collect money once it is in 70s soon BB will realise going ip is better as no more sellers lol since not much to pass to each other
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newbieliu
Elite |
19-Apr-2017 10:09
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I think it should be ok since they are in talks to get more fund for investment . There will be risks involved so don't contra and hold n see how it goes since it is Low enough for the rebound soon
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sheerluck
Supreme |
19-Apr-2017 09:44
Yells: "Work for your money first then let your money work for you" |
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Not that bits.....is that part on the risk of PT pertamina terminates IEV KSO project on page 103. *************************************************************************************************** On 12 December 2015, the Group obtained approval of an extension of work program totalling USD18.6 million (RM80,028,360) to be completed by 11 December 2017 the work program was supposed to be completed by 12 December 2015. As required with the extension, the Group had in December 2015 placed a Bank Guarantee of USD2,340,000 with a validity up to 11 December 2017 with Pertamina EP. In accordance with the KSO, Pertamina EP has the right to claim and disburse the Bank Guarantee in the case if IEV KSO does not fulfil its obligations under the KSO. In August 2016, Pertamina EP notified IEV KSO that they need to comply with certain conditions and obligations under the KSO, failing which, Pertamina EP is entitled to terminate the KSO in its entirety. One of the key conditions, amongst others, include the completion of the USD18.6 million work program by 11 December 2016. In November 2016, management responded to Pertamina EP and proposed an extension of time to carry out its work program, and amongst the key reasons given for the extension were that IEV KSO has already spent USD15.3 million up till August 2016 with another USD3.2 million to be spent within a year (bringing the total spending to USD18.5 million). As at date of this report, there has been no further comment from Pertamina EP with regards to this matter in their subsequent meetings with management. *************************************************************************************************** This one alone can wipe out all IEV' s equity.   IEV don' t clear this, what is the use of the others?
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newbieliu
Elite |
19-Apr-2017 09:14
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I read the note 12 . The impairment on oil and gas is understood since the whole oil n gas industry is not performing Hence driving its divestment to reduce the risk . The loss is already covered in the current price . If the talks are successful they are on their way to focus on renewable energy like other o n g company like shell too .
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mistiq88
Veteran |
19-Apr-2017 08:51
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Yesterday short selling 550,000 shares, around 2.25% of total trade. Average price at $0.0788.. |
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Battle123
Elite |
18-Apr-2017 16:24
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Can buy some ?
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sheerluck
Supreme |
18-Apr-2017 16:20
Yells: "Work for your money first then let your money work for you" |
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Read note 12 in their report.   You then decide if it is worth the risk.
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newbieliu
Elite |
18-Apr-2017 16:15
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Could you enlighten the risk you keep talking about ? I didn't see any risk other than the change in investment to diversity their business to create better prospects . This is in line with bio nanotechnology that they wanna do in future . So the discussion once confirmed then there Will be new investors
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sheerluck
Supreme |
18-Apr-2017 16:11
Yells: "Work for your money first then let your money work for you" |
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Today is an offload day.   Many counter got pump up to be dumped later.   Some just got dumped straight off. You guys know got good news coming or just speculating? IEV needs to confirm that risk I mentioned reported in their Annual Report is cleared before any other significant good news.   If not then this could be a trap to pump up for unaware to hold the shares. Please the Annual report carefully! DYDD. |
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mistiq88
Veteran |
18-Apr-2017 16:06
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No choice this one need to keep few weeks to months liao.. Market really bad this week...super bear... Guess next course of action is to average down when there are clear signs of rebound..
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newbieliu
Elite |
18-Apr-2017 16:03
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Sianz few hours later dumping mmmm what's wrong huh. Pushed so hard and threw it down so easily one sianzzz still holding
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newbieliu
Elite |
18-Apr-2017 15:47
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mistiq88
Veteran |
18-Apr-2017 15:23
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dumping again..
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