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also can , I also like this..now pennies accumulation on Anan, parkson and sinjia..
Newbeginner ( Date: 05-Jun-2020 14:03) Posted:
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yes super sexy stock in 2015 from low 2c to 40c with short time.. many people stuck at high price..now it is the low again..who knows if they may want to fry again..anyway low side limited compared the old high ..go to 4c can liow
Anan a bit high now. I prefer parkson retail.
so strong today
Private placement of 705,530,975 new ordinary shares at S$0.35 was done in 2015. Since then, no further rigths issue and no stock splits.
So one can imagine how much the share price has fallen.
Although the company has a nett loss last quarter, their oil related trading turnover is huge at USD$368 mil last qtr. So this is not your small little one man show company.
With 2 major shareholders holding a total of 72.15% (one of which was the above placee who came on board at $0.35), the free float is about 27.8%
I am pretty bullish on this one as I believe most investor were stucked pretty high then. So little stale bull I think
So one can imagine how much the share price has fallen.
Although the company has a nett loss last quarter, their oil related trading turnover is huge at USD$368 mil last qtr. So this is not your small little one man show company.
With 2 major shareholders holding a total of 72.15% (one of which was the above placee who came on board at $0.35), the free float is about 27.8%
I am pretty bullish on this one as I believe most investor were stucked pretty high then. So little stale bull I think
SmallSmall ( Date: 05-Jun-2020 13:29) Posted:
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pennies looking to be in play soon ..all from the bottom ..BB got nothing to play will come into all these pennies .. removed from MTP watchlist. when pennies in rage can be crazy , i remembered some can run from 1c to 5c ..or 2c to 8c.. within 2 days .. wow that was the good old days..is it coming soon? blue chips and mid cap all up so much liow..watchout...
Turbo if 21 coming
This one and Sinjia racing to the sky
So many done at 19,see how it go first
Yes rocket 20
SmallSmall ( Date: 05-Jun-2020 13:29) Posted:
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This one will go to the moon. The next 3C Energy. Pretty certain :)
SmallSmall ( Date: 03-Jun-2020 10:39) Posted:
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100% Co inside liao
Something is brewing, buy must able to hold if not don't play, jeep when hot air is browing
Just removed from SGX MTP watchlist. No more fear of share consoldiations.
This company is actually pretty huge in petroluem business. Their turnover is actually in excess of USD 360 mil for last quarter !
Major shareholder is firmly in control with a 63.83% holding.
Time to rally. First mover advantage. NAV @0.0221
Review of the Group&rsquo s financial performance
The Group&rsquo s revenue of US$368.05 million for the three months ended 31 March 2020 (&ldquo 3M 2020&rdquo )
and US$396.53 million for the three months ended 31 March 2019 (&ldquo 3M 2019&rdquo ) were from the Group&rsquo s
distribution business in France and Spain. The decline of 7% on revenue was due to the depressed global
oil prices and the reduced sales volume in March 2020 due to the COVID-19 crisis.
The Group&rsquo s gross profit was US$13.86 million for the 3M 2020, an increase of US$2.84 million or 26%
compared to US$11.02 million for 3M 2019, due to the higher profit margin generated from the
distribution business.
Other operating income for 3M 2020 was US$0.08 million, a decrease of US$0.36 million as compared
to US$0.44 million for 3M 2019 mainly due to the reduced interest income from lower bank balances
and foreign exchange currency alignment.
Selling and distribution expenses in 3M 2020 was US$11.42 million as compared to US$10.84 million
for 3M 2019, an increase of 5% was mainly due to increase in staff costs as a result of more headcounts
from the acquisition of a subsidiary, an additional petrol station and salary increment in 2020.
Administrative expenses increased by US$0.04 million to US$1.13 million in 3M 2020, as compared to
US$1.09 million in 3M 2019 mainly due to increase in staff costs of US$0.01 million, office rental of
US$0.02 million and directors&rsquo fees of US$0.02 million. Other operating expenses was US$0.32 million
in 3M 2020 as compared to US$0.24 million in 3M 2019. The slight increase of US$0.08 million was
attributable to a reduction of US$0.05 million in bad debts written off in 3M 2020, offset by the writeback
of provision of other capital expenses of US$0.13 million in 3M 2019 not recurred in 3M 2020.
Finance expenses saw an increase of US$0.09 million or 13% from US$0.69 million in 3M 2019 to
US$0.78 million in 3M 2020.This was in line with the increase in bank borrowings in 3M 2020. The
share of profits of associates and joint ventures was US$0.05 million in 3M 2020 as compared to share
of profits of US$0.42 million in 3M 2019, mainly due to the lower profit generated from the joint
ventures in both China and Europe.
The Group&rsquo s net loss for 3M 2020 was US$0.38 million as compared to net loss of US$1.09 million for
3M 2019. This was mainly attributable to the increase in gross profit, partially offset by the increase in
selling and distribution expenses, the decrease of share of profits from associates and joint ventures and
the increase in income tax expenses of companies in France in 3M 2020.
Review of the Group&rsquo s financial position
The Group&rsquo s non-current assets stood at US$102.8 million as at 31 March 2020 compared to US$103.59
million as at 31 December 2019, and comprised property, plant and equipment of US$29.48 million,
right-of-use assets of US$7.28 million, intangible assets of US$9.11 million, investments in associates
and joint ventures of US$55.14 million, available-for-sale financial assets of US$0.13 million, deferred
10
tax assets of US$1.34 million and other receivables of US$0.33 million. The overall decrease of
US$0.79 million was attributable to the depreciation and translation alignment of fixed assets of
US$0.34 million, amortisation of the intangible assets of US$0.15 million and translation loss on
investment in joint ventures and associates of US$0.32 million due to weakening of EUR against USD.
The current assets stood at US$234.74 million as at 31 March 2020 compared to US$262.9 million as
at 31 December 2019. Overall, the decrease of US$28.17 million in current assets was mainly
attributable to the decrease of US$11.17 million in trade and other receivables, which was in line with
lower sales in this quarter and US$1.32 million in inventory and US$15.4 million in cash.
The decrease of US$24.13 million in current liabilities was due to a decrease in trade payables, excise
taxes and VAT payables of US$60.53 million, which was partially offset by the increase in loans and
borrowings of US$36.77 million. The decrease of US$3.94 million in non-current liabilities was mainly
attributable to the decrease in lease liabilities of US$0.27 million and loans and borrowings of US$3.52
million.
The Group&rsquo s total liabilities decreased by 10% or US$28.07 million from US$280.96 million as at 31
December 2019 to US$252.89 million as at 31 March 2020.
The Group&rsquo s net assets stood at US$65.73 million as at 31 March 2020, or 1.55 US cents per share,
compared to US$66.69 million as at 31 December 2019 or 1.58 US cents per share.
Review of the Group&rsquo s cash flows
The Group records a net cash flows used in operating activities of US$45.98 million in 3M 2020
compared to a net cash flows used in operating activities of US$44.2 million in 3M 2019. This was
mainly attributable to higher outflow of cash in trade and other payables, offset by the inflow of cash in
inventory and trade and other receivables.
The net cash flows used in investing activities for 3M 2020 was US$1.98 million as compared to
US$0.84 million in 3M 2019. This was mainly due to the purchases of property, plant and equipment.
The net cash flows generated from financing activities were US$2.28 million for 3M 2020 compared to
a net cash flows used in financing activities of US$0.8 million in 3M 2019, mainly due to the proceeds
received from bank borrowings, offset by the cash outflow for the repayment to holding company and
related parties.
As a result of the above, the Group&rsquo s cash and cash equivalents in the consolidated statement of
cashflows comprised cash and bank balances of US$11.55 million and bank overdrafts of US$32.03
million as at 31 March 2020.
This company is actually pretty huge in petroluem business. Their turnover is actually in excess of USD 360 mil for last quarter !
Major shareholder is firmly in control with a 63.83% holding.
Time to rally. First mover advantage. NAV @0.0221
Review of the Group&rsquo s financial performance
The Group&rsquo s revenue of US$368.05 million for the three months ended 31 March 2020 (&ldquo 3M 2020&rdquo )
and US$396.53 million for the three months ended 31 March 2019 (&ldquo 3M 2019&rdquo ) were from the Group&rsquo s
distribution business in France and Spain. The decline of 7% on revenue was due to the depressed global
oil prices and the reduced sales volume in March 2020 due to the COVID-19 crisis.
The Group&rsquo s gross profit was US$13.86 million for the 3M 2020, an increase of US$2.84 million or 26%
compared to US$11.02 million for 3M 2019, due to the higher profit margin generated from the
distribution business.
Other operating income for 3M 2020 was US$0.08 million, a decrease of US$0.36 million as compared
to US$0.44 million for 3M 2019 mainly due to the reduced interest income from lower bank balances
and foreign exchange currency alignment.
Selling and distribution expenses in 3M 2020 was US$11.42 million as compared to US$10.84 million
for 3M 2019, an increase of 5% was mainly due to increase in staff costs as a result of more headcounts
from the acquisition of a subsidiary, an additional petrol station and salary increment in 2020.
Administrative expenses increased by US$0.04 million to US$1.13 million in 3M 2020, as compared to
US$1.09 million in 3M 2019 mainly due to increase in staff costs of US$0.01 million, office rental of
US$0.02 million and directors&rsquo fees of US$0.02 million. Other operating expenses was US$0.32 million
in 3M 2020 as compared to US$0.24 million in 3M 2019. The slight increase of US$0.08 million was
attributable to a reduction of US$0.05 million in bad debts written off in 3M 2020, offset by the writeback
of provision of other capital expenses of US$0.13 million in 3M 2019 not recurred in 3M 2020.
Finance expenses saw an increase of US$0.09 million or 13% from US$0.69 million in 3M 2019 to
US$0.78 million in 3M 2020.This was in line with the increase in bank borrowings in 3M 2020. The
share of profits of associates and joint ventures was US$0.05 million in 3M 2020 as compared to share
of profits of US$0.42 million in 3M 2019, mainly due to the lower profit generated from the joint
ventures in both China and Europe.
The Group&rsquo s net loss for 3M 2020 was US$0.38 million as compared to net loss of US$1.09 million for
3M 2019. This was mainly attributable to the increase in gross profit, partially offset by the increase in
selling and distribution expenses, the decrease of share of profits from associates and joint ventures and
the increase in income tax expenses of companies in France in 3M 2020.
Review of the Group&rsquo s financial position
The Group&rsquo s non-current assets stood at US$102.8 million as at 31 March 2020 compared to US$103.59
million as at 31 December 2019, and comprised property, plant and equipment of US$29.48 million,
right-of-use assets of US$7.28 million, intangible assets of US$9.11 million, investments in associates
and joint ventures of US$55.14 million, available-for-sale financial assets of US$0.13 million, deferred
10
tax assets of US$1.34 million and other receivables of US$0.33 million. The overall decrease of
US$0.79 million was attributable to the depreciation and translation alignment of fixed assets of
US$0.34 million, amortisation of the intangible assets of US$0.15 million and translation loss on
investment in joint ventures and associates of US$0.32 million due to weakening of EUR against USD.
The current assets stood at US$234.74 million as at 31 March 2020 compared to US$262.9 million as
at 31 December 2019. Overall, the decrease of US$28.17 million in current assets was mainly
attributable to the decrease of US$11.17 million in trade and other receivables, which was in line with
lower sales in this quarter and US$1.32 million in inventory and US$15.4 million in cash.
The decrease of US$24.13 million in current liabilities was due to a decrease in trade payables, excise
taxes and VAT payables of US$60.53 million, which was partially offset by the increase in loans and
borrowings of US$36.77 million. The decrease of US$3.94 million in non-current liabilities was mainly
attributable to the decrease in lease liabilities of US$0.27 million and loans and borrowings of US$3.52
million.
The Group&rsquo s total liabilities decreased by 10% or US$28.07 million from US$280.96 million as at 31
December 2019 to US$252.89 million as at 31 March 2020.
The Group&rsquo s net assets stood at US$65.73 million as at 31 March 2020, or 1.55 US cents per share,
compared to US$66.69 million as at 31 December 2019 or 1.58 US cents per share.
Review of the Group&rsquo s cash flows
The Group records a net cash flows used in operating activities of US$45.98 million in 3M 2020
compared to a net cash flows used in operating activities of US$44.2 million in 3M 2019. This was
mainly attributable to higher outflow of cash in trade and other payables, offset by the inflow of cash in
inventory and trade and other receivables.
The net cash flows used in investing activities for 3M 2020 was US$1.98 million as compared to
US$0.84 million in 3M 2019. This was mainly due to the purchases of property, plant and equipment.
The net cash flows generated from financing activities were US$2.28 million for 3M 2020 compared to
a net cash flows used in financing activities of US$0.8 million in 3M 2019, mainly due to the proceeds
received from bank borrowings, offset by the cash outflow for the repayment to holding company and
related parties.
As a result of the above, the Group&rsquo s cash and cash equivalents in the consolidated statement of
cashflows comprised cash and bank balances of US$11.55 million and bank overdrafts of US$32.03
million as at 31 March 2020.
Its trading oil n petrochemical....oso do derivatives..has long term bbs in it...px range is 20-40...me as apportunist investor,will load at bottom..eheem
waters ( Date: 16-May-2016 16:26) Posted:
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Actually what does this company do? Trading in oil futures?
Can some shorties bring this down to below 20c?...i want to load le...hiak
boguht some when it was going crazy. then it was declared as blacklisted, cannot any how sell/buy.
now hold for long term already.
Looking at 0.60 by year end
From the relationship between price and moving averages we can see that: This stock is BULLISH in short-term and BULLISH in mid-long term, according to s g x . s t o x l i n e. Would like to see a break above 0.385