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It' s a pity you' re not launching a takeover of RH Petrogas.
Tiptip ( Date: 26-Jun-2014 11:37) Posted:
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At this price, the risk/reward is a no brainer. Downside is only back to 60+ levels before takeover talks (if it should even go there considering oil price is up), while upside is well above a dollar if the takeover eventually goes through. Asset valuation without takeover already 90+ cents. We are not talking about any bad news or change of fundamentals here, just that previous expectations were very high. Looks very attractive to me
how to tell if its BB accumulating cheap or selling to push down price?
Slight rebound. I though many broking houses and analysts have set a Target Price of between $1.20 to as high as $1.40.
Lots of fake queues before matching, just lots of speculation short term. I say focus in the long term fundamentals. Why should RH be trading less than Kris?
Perhaps, when the ODP approval for Fuyu is not obtained by next Mon (30/06/2014) as guided by the company (expected to receive by end 1H2014)
foucs69 ( Date: 24-Jun-2014 08:52) Posted:
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will this retreat back to 0.640 - 0.660 range back in May ?
anyone has the Market depth for this?
Today likely down, not the price but the volume )
Too much profit taking in this counter which contributed to the gap down today.
The article from AmFraser today.
NO FURTHER TALKS ON POTENTIAL TAKEOVER, SAYS RH PETROGAS
RH Petrogas, which a month ago disclosed that an investor had approached its controlling shareholders for a potential takeover of the company, said yesterday that there have been no further discussions or progress on the matter since then.
The upstream oil and gas company said in its announcement yesterday: "Although the potential investor has previously expressed interest in investing in the company, the controlling shareholders have to‐ date not received any offer nor indication of terms thereof from the potential investor."
On May 20, when the Singapore Exchange queried RH Petrogas on the unusual price movements of its shares, the mainboard‐ listed company disclosed that its controlling shareholders ‐ Surreyville Pte Ltd, Sharptone Investments Limited and RH Capital Limited ‐ had been approached by an investor and they were engaged in discussions on a potential proposal which might lead to a share takeover offer.
Yesterday, RH Petrogas said: "There is no certainty that the parties will engage in any further discussions which will result in any definitive agreement or transaction."
The group, whose shares finished trading 1.5 cents lower yesterday at 91.5 cents, recently posted an 88 per cent plunge in first‐ quarter net profit to US$73,000. While revenue rose 7 per cent to US$19.8 million, higher costs of production saw its gross profit fall 24 per cent to US$4.1 million.
NO FURTHER TALKS ON POTENTIAL TAKEOVER, SAYS RH PETROGAS
RH Petrogas, which a month ago disclosed that an investor had approached its controlling shareholders for a potential takeover of the company, said yesterday that there have been no further discussions or progress on the matter since then.
The upstream oil and gas company said in its announcement yesterday: "Although the potential investor has previously expressed interest in investing in the company, the controlling shareholders have to‐ date not received any offer nor indication of terms thereof from the potential investor."
On May 20, when the Singapore Exchange queried RH Petrogas on the unusual price movements of its shares, the mainboard‐ listed company disclosed that its controlling shareholders ‐ Surreyville Pte Ltd, Sharptone Investments Limited and RH Capital Limited ‐ had been approached by an investor and they were engaged in discussions on a potential proposal which might lead to a share takeover offer.
Yesterday, RH Petrogas said: "There is no certainty that the parties will engage in any further discussions which will result in any definitive agreement or transaction."
The group, whose shares finished trading 1.5 cents lower yesterday at 91.5 cents, recently posted an 88 per cent plunge in first‐ quarter net profit to US$73,000. While revenue rose 7 per cent to US$19.8 million, higher costs of production saw its gross profit fall 24 per cent to US$4.1 million.
Before the buy-out news, it was trading between 60-70cts. If I totally discount any possiblilties of buy-out, I expect the price to fall into that range. However, you also need to take into account any development that has taken place during this period.
DYDD.
Luckily, rising oil price has cushion its downward pressure. Otherwise it would have returned back to the 50-60cts level. Good luck.
Entry point wat har? Able to predict? 70c can?
spore1 ( Date: 23-Jun-2014 12:34) Posted:
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It seem will go downtrend tomorrow..
john_ric ( Date: 23-Jun-2014 17:00) Posted:
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0.785.
0.77 lowest
after this sudden fall is rather bearish . be cautious and wait for next direction.
spore1 ( Date: 19-Jun-2014 22:52) Posted:
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Let' s wait for Fuyu result...
In the near term, RH will have more reactions before a bounce.
http://www.facebook.com/groups/350636774966182/
daffytlh, see afternoon how loh...