MTQ    Last:0.225   -

MTQ - Fundamental Analysis

Waking up, sleepy Joe.
Used to be empty queues.
Now the queues are getting longer of late.
Buyers smelling something good?

 

This is one of the decent oil contractor listed on SGX...... Despite Oil prices recovered strongly and recent announcment of long term collaboration w  Schlumberger.

But persistent selling remained at current price....

 

Independent Director first time bought shares. Not bad!


NICHOLAS CAMPBELL COCKS (Lead Independent Director)

Married deal on 13th Aug 2021
637,659 SHARES at $0.235
101,714 WARRANTS at $0.046 (Exercise price at $0.22)

 

Seems like no effect

PhillipTan      ( Date: 27-Jul-2021 19:11) Posted: MTQ in talks to secure 10-year oilfield services contract, proposes to buy US$5.3 mil property MTQ Corp is in talks to be the exclusive service provider for an undisclosed original equipment manufacturer (OEM) of oilfield equipment in the Asia Pacific region. This comes after the engineering, maintenance and subsea services provider signed a non-binding letter of intent (LOI) with an undisclosed original equipment manufacturer of oilfield equipment today. Under the LOI, MTQ intends to provide support for after-sales service needs for pressure-controlled equipment owned by the OEM' s customers over 10 years. In conjunction with that, the company has also proposed to acquire a property and equipment from the said OEM for US$5.3 million ($7.2 million). These comprise a JTC leasehold property in Tuas and " certain capital equipment" necessary for providing the after-sales services. MTQ says the proposed collaboration is still being negotiated between the parties and is subject to contract, relevant regulations and necessary approvals, including from JTC Corp. " The proposed strategic collaboration will provide the group the opportunity to work with a major OEM in this area, which is core to the group' s business activity within the oilfield equipment sector," the company says in a July 27 filing. On July 27, MTQ closed up 0.5 cent or 2.1% at 24.5 cents with 1,000 shares changed hands.

 

MTQ in talks to secure 10-year oilfield services contract, proposes to buy US$5.3 mil property

MTQ Corp is in talks to be the exclusive service provider for an undisclosed original equipment manufacturer (OEM) of oilfield equipment in the Asia Pacific region.

This comes after the engineering, maintenance and subsea services provider signed a non-binding letter of intent (LOI) with an undisclosed original equipment manufacturer of oilfield equipment today.

Under the LOI, MTQ intends to provide support for after-sales service needs for pressure-controlled equipment owned by the OEM' s customers over 10 years.

In conjunction with that, the company has also proposed to acquire a property and equipment from the said OEM for US$5.3 million ($7.2 million).

These comprise a JTC leasehold property in Tuas and " certain capital equipment" necessary for providing the after-sales services.

MTQ says the proposed collaboration is still being negotiated between the parties and is subject to contract, relevant regulations and necessary approvals, including from JTC Corp.

" The proposed strategic collaboration will provide the group the opportunity to work with a major OEM in this area, which is core to the group' s business activity within the oilfield equipment sector," the company says in a July 27 filing.

On July 27, MTQ closed up 0.5 cent or 2.1% at 24.5 cents with 1,000 shares changed hands.

 

 

MTQ has been creeping up slowly during the last couple of days.  Is there any upcoming news or positive development on its operation?

 

Compared MTQ and Oil energy small company , is there any similarity ?....Rex or Mermaid Marine ?

kelvintan_87      ( Date: 12-Feb-2020 19:57) Posted: Any particular reason for the recent surge? Volume is high and seems to breakout from 32 cents resistance.

 

Any particular reason for the recent surge? Volume is high and seems to breakout from 32 cents resistance. 

 

Chairman Kuah has been buyimg non stop .

 

Chairman Kuah Kok Kim bought from open market 20,000 shares yesterday .

 

Some valued investors seemed to be buying bit by bit each day .

serious      ( Date: 22-May-2018 14:02) Posted: Most O & G run up quite a lot except this one,  which just completed the right issue of 0.20 last month .

 

Most O & G run up quite a lot except this one,  which just completed the right issue of 0.20 last month .

 

Yes! Finally saw some light at the end of tunnel... oilfield segment narrowed losses!

tonylim2      ( Date: 16-May-2018 15:59) Posted: This one just wake up !

 

This one just wake up !

 

I like mtq becos they have exposure in both oilfield and subsea. Management treated shareholders well during good time. To add- management fully subscribed their rights and subscribed excess. This is another plus point to me. Fate still depends on oil price. Last closed 0.190

 

I dont think rotten apple can be good apple again.

Why must look at this super lousy counter. There are better counters to look at.
Mm2. Citineon. Aem. ..

 

Unpopular OG counter. Recently completed right issue at 20cts per share with 100% rate. Boss fully subscribed their entitled shares. Raise about $12m Last quarter result reported losses. $23m debt, $13m cash. Open for discussion. Not vested, considering to take a position

 

this post dated april 2015.

today is april 2018.

see how time flies.

xtraderx      ( Date: 01-Apr-2015 20:54) Posted: New 52 wk lows, might consider buying a little when it goes below $0.60. I think the Binder acquisition will hit MTQ very badly for the next few quarters, remember they paid a lot of money for Binder when oil/gas prices were very high, now Binder is likely worth much less (thus the goodwill write down), or perhaps even nothing since its going to be hard for Binder to generate a profit in this environment.  Kolsey      ( Date: 19-Mar-2015 14:53) Posted: Down to 82 Cents, hit new lows. unloved

 

drop like shit.

 

haha,    no bb loves this dead stock.

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