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Pacific Radiance Turning Bullish.See Chart.
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Jimmykohkk
Master |
28-Feb-2015 13:34
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http://www.cnbc.com/id/102461140 Crude snapped a seven month losing streak on Friday, supported by an improving demand outlook and supply outages. Front-month March New York ultra-low sulfur diesel futures surged more than 7 percent intraday as March ULSD and RBOB rallied ahead of Friday contract expirations. U.S. April crude settled up $1.59, or 3.3 percent, at $49.76 a barrel. The contract posted a 3 percent gain for the month of February, it' s first monthly gain since June. The U.S. crude contract' s gains have been hemmed in by rising crude oil inventories in the United States, up 8.4 million barrels last week, according to government data. Brent April crude was up $3.90 at $62.40 a barrel, on pace to post a 16 percent monthly gain, the first monthly rise since June. Hopefully oil price continues to stregthen, then Pacific Radiance share price will rise. My prediction when Brent crude price hits $70, Pacific Radiance will hit 90 cents. When oils hit $80, then Pacific Radiance will break $1. |
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Jimmykohkk
Master |
27-Feb-2015 21:01
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http://www.cnbc.com/id/102462423 Those betting recovery of oil price can bet on pacific radiance. When oil recovers to $70, this pacific radiance will go back to around $1. |
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HVRRVH
Elite |
27-Feb-2015 00:03
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Q at 73 cents before market opened and didn' t get. Subsequently gave up. Tomorrow may try again. |
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halleluyah
Supreme |
26-Feb-2015 20:30
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Becos is between expectation also n px aredi factored in. Tis bugger has been dropping frm abv 1.50
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Jimmykohkk
Master |
26-Feb-2015 20:27
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hahaha... everyday pray oil price goes up :) Must pray to OPEC liao.. hope they will cut production
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Jimmykohkk
Master |
26-Feb-2015 20:15
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almost all O& G counters do not do well in the last quarter ie, 4Q, but that was the lowest point when oil was $45. So i think we have to " look forward" . If u think the worst is over, then buying O& G counters like Pacific Radiance is a good bet. If u think oil will go back to $45 or below, then should not touch O& G counters :) But what I like about this pacific Radiance is they are willing to give dividends, i think this is Mr Pang' s style as what he did when he was in JAYA, very generous in giving dividends, thats why i predicted they will give at least 3 cents dividend :) and I betting this generous trend will continue. For myself, I think the worst is over when oil hit $45 4Q/14, thats when pacific radiance hit the lowest share price of 70 cents. I think once OPEC annouce cut in production, then oil will be driven up again above $70, then pacific radiance share price will easily go pass $1. But if u have a different view and think OPEC will low oil price rot for many years, then better not touch O& G counters :) But pacific radiance' s 3 cents dividend is an increase over last year' s dividend while u see MANY O& G counters are reducing their dividends, Bakertech, DynaMac, CSE Global just a few examples where they cut their dividends. So just my own opinion :) .. everyday i pray oil price will go up > $70 then i very confident pacific radiance will go past $1.
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edwinjup
Supreme |
26-Feb-2015 20:01
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4q result quite bad...lucky got 3c div to cushion off.....
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pnuklis
Master |
26-Feb-2015 19:56
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Giving S$ 0.03 dividend. Results no good in line with all O& G shares. Share price still holding!!!!!!!!!!!!!!!!!! |
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victortan
Elite |
26-Feb-2015 19:46
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if i m not wrong looking at the data, last quater in fact lose money, if they did not sell vessel . |
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victortan
Elite |
26-Feb-2015 19:44
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http://infopub.sgx.com/FileOpen/150226_PRL_FY14%20results%20presentation.ashx?App=Announcement& FileID=336182 last quater without selling vessels the profit i think is already stink.. |
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Jimmykohkk
Master |
26-Feb-2015 18:40
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At 6.35pm, 
Crude oil $62 liao... I think can just buy PAcific Radiance and wait for crude oil to reach $70 and above, share price sure pass $1 one. |
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Jimmykohkk
Master |
26-Feb-2015 17:27
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http://www.seatrade-global.com/news/asia/offshore-downturn-unlikely-to-prolong-pacific-radiance.html Offshore downturn unlikely to be prolonged: Pacific Radiance |
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Jimmykohkk
Master |
26-Feb-2015 12:35
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Pacific Radiance (PACRA SP: BUY) Price/Target: S$0.725/S$1.00 Analyst: Nancy Wei/Foo Zhi Wei (65-6590 6628) 4Q14 hit by poor DSV performance, as expected. Declares final DPS of 3 cts. What' s new? * Results in line with our expectation. Pacific Radiance reported a net profit of US$69.4m (+22% yoy) for FY14, in line with our forecast of US$70m. Net profit for 4Q14 is US6.2m, down 63% YoY due to weak performance in the diving support vessel (DSV) division. We had earlier flagged this in our report dated 20 January. In 4Q14 DSV utilization was low for Pacific Radiance' s 2 DSVs. Feedback from ship-brokers indicated the DSV market was hit by negative knee-jerk reaction of oil companies following the oil price collapse. Our Take * Maintain BUY and our target price. New DSV jobs were delayed. We expect a resumption of DSV tenders (shallow water) from 2Q15 onwards. Our target price of S$1.00 is based on 2016 PE of 7.0x. A final DPS has been declared. More details to follow after analyst briefing. |
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Jimmykohkk
Master |
26-Feb-2015 11:13
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when u see the 0.x lot selling over.. that means that guy/fund has finished selling, then it will chiong liao.. |
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Jimmykohkk
Master |
26-Feb-2015 10:56
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also must see crude oil price la.. if crude oil beginning to drop back to $40+, then if got profit, why not sell right? But if crude oil stable at $60 , why not wait for dividend and then hope oil rises back above $70, then $1 is possible it all depends on ur risk appetite..
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Jimmykohkk
Master |
26-Feb-2015 10:53
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hahaha.. i mean dun ever fall in love with a stock lo.. if can profit take, why not? real profit is better than paper profit is better than paper loss is better than real loss right? Anyway i observing the trading pattern, I think there is someone who is still trying to get rid of his holdings. His tactics is slowly queue a few lots at a time and selling down 0.x lots slowly at a time. Maybe need to wait for him/them to finish selling then will chiong. If u all still remember CSE Global last year? It went from 80+ cents to 55 cents as there were someone/fund selling. Then after they finished selling, shoot back to 70+ cents. I think this is the case happening now to pacific radiance. But if u can hold, then wait 1-2 mths, i expect the price will shoot back above 80+ cents just like CSE Global last year. Assuming oil price dun fall back...stable at around $60.
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rayoflight
Veteran |
26-Feb-2015 10:45
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so got bbs controlling anot? later 0.76 u all out again.. say until wu leng wu hor..$1 target but 0.76 u all out liao hahaha |
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Jimmykohkk
Master |
26-Feb-2015 09:37
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We may have seen the worst when oil price dropped to $45 and share price of pacific radiance was 70 cents. Now oil is stabilising at $60 and will slowly move upwards. When oil price passes $70, this pacific radiance will pass $1. Of course if ever oil price recovers back to $90 and above, a repeat of $1.50 share price is expected. So everyday pacific radiance shareholder must pray crude oil price recovers.. huat har.. Buy low(now at 73.5 cents) is better than buy high (when it was $1.50)
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bishan22
Supreme |
26-Feb-2015 09:18
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Agreed, at least some prawns to eat. Huat arh..............
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halleluyah
Supreme |
26-Feb-2015 09:06
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wow superb....unexpected 3cts dividend....
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