RH PetroGas
Last:0.158
-0.005
What happen to RH PetroGas
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1601-1620 of 1916
Trade with care..nav around 30c....eps loss 11c....
At around 80ct, good entry price. Deal is not called off, just not yet responded. It should bounce back to 90ct to a dollar when things get going again
I estimated it since last friday, don' t think there will be a technical rebound tmr, may be stabilizing or continue to flush down ..
daffytlh ( Date: 23-Jun-2014 09:10) Posted:
too late..oredy drop 13 pct at opening. i feel no use chasing price, let it stablize. in fact i am thinking if i shld accumulate on dip. will see...everyone dyodd. everyone huat arhhhh!!!
JesseTyler ( Date: 23-Jun-2014 09:02) Posted:
As what i' ve expected, it' s really a flushdown down.. hope you guys got to cut your loss ..
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too late..oredy drop 13 pct at opening. i feel no use chasing price, let it stablize. in fact i am thinking if i shld accumulate on dip. will see...everyone dyodd. everyone huat arhhhh!!!
JesseTyler ( Date: 23-Jun-2014 09:02) Posted:
As what i' ve expected, it' s really a flushdown down.. hope you guys got to cut your loss ..
JesseTyler ( Date: 20-Jun-2014 15:52) Posted:
May be a flush down, just stay caution ...
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Sell
DYODD
As what i' ve expected, it' s really a flushdown down.. hope you guys got to cut your loss ..
JesseTyler ( Date: 20-Jun-2014 15:52) Posted:
May be a flush down, just stay caution ...
daffytlh ( Date: 20-Jun-2014 15:51) Posted:
Drop. anyone any idea why? BB accumulating?
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If we take 4500 barrels/per day X 90 = 405K barrels per quarter
405K barrels X 107 (USD) = 43 millions USD per quarter, this is 2.2 times revenue if we vs. last quarter.
AddLuck ( Date: 21-Jun-2014 12:11) Posted:
So now back to fundamentals......4500 barrels of oil /day........drop how much come Monday????
john_ric ( Date: 21-Jun-2014 10:57) Posted:
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Don' t play play hor. Executive Chairman Tan Sri Datuk Sir Tiong values this coy at $3.75. If the acquirer doesn' t offer something decent, why sell?
I was wondering about this earlier. Why did RH move up in the first place. If its due to fundamentals, then it is priced right where it should be no? I mean the analysts who came out with target prices of $1.20 onwards made no mention about takeovers initially. So, just curious again, why should it now fall and crash like some members think?
mandarintang ( Date: 28-May-2014 21:10) Posted:
There has been so much talk and speculation on the recent moves. Just wondering what you think is more likely the reason for the recent rise, more because of takeover speculation or that Fuyu' s final approval is close by. If its because of Fuyu, which was the the reason for the analyst target price of $1.20 or $1.40 in the first place, then even if the takeover talk is nothing more than talk, RH is good to go on its own, on fundamental grounds, right?
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Those who think will fall can sell/short, those which think cheap can long. It's a free market!
http://en.m.wikipedia.org/wiki/Tiong_Hiew_King
1. Why don't you ask them and share here since you seem to suggest you know them so well? Lol
2. Datuk Tiong is worth close to USD2B, you think he is desperate?lmao
3. It is a naive assumption that all parties always admit to be in concert
Anyway
AldarSorouh ( Date: 22-Jun-2014 12:45) Posted:
1. U can ask credit suisse - rh' s advisors. the acquiror' s advisors should be maybank kim eng if I' m not wrong. Lol.
2. Unless sellers are super desperate or know that they will not receive approval for Fuyu by 1H14
3. Concert parties using different accounts would need to disclose as well.
Tiptip ( Date: 22-Jun-2014 11:34) Posted:
1. Did not happen does not equate to will not happen. Who knows what is ongoing unofficially
2. Fuyu may have already been priced into the takeover price at previous discussions, but waiting for official approval before a binding offer is in place may not result in higher valuation. Seller also not stupid to accept a rushed-in offer price that excludes FUYU
3. If only all BB collect stocks using only one account
Anyway these are all speculation, everyone can have his/her own opinion
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Monday will CRASHED!!!! SHORT!!!!!!!!!!!
1. U can ask credit suisse - rh' s advisors. the acquiror' s advisors should be maybank kim eng if I' m not wrong. Lol.
2. Unless sellers are super desperate or know that they will not receive approval for Fuyu by 1H14
3. Concert parties using different accounts would need to disclose as well.
Tiptip ( Date: 22-Jun-2014 11:34) Posted:
1. Did not happen does not equate to will not happen. Who knows what is ongoing unofficially
2. Fuyu may have already been priced into the takeover price at previous discussions, but waiting for official approval before a binding offer is in place may not result in higher valuation. Seller also not stupid to accept a rushed-in offer price that excludes FUYU
3. If only all BB collect stocks using only one account
Anyway these are all speculation, everyone can have his/her own opinion
AldarSorouh ( Date: 22-Jun-2014 10:58) Posted:
1. Potential acquiror can just submit a letter of intent and conduct a due diligence of RH' s assets (in order to have a better understanding of the assets) before submitting a binding offer RH can then negotiate for a higher price upon receiving the offer
-> this did not happen
2. Waiting for the Fuyu announcement will only result in a higher valuation
-> a rational acquiror will likely want to buy low and hence rush to submit an offer the fact that no offer was made is worrying
3. Collect from the market?
-> We would have seen a new substantial shareholder by now if their stake were to be more than 5% a serious acquiror and its concert parties would have to disclose their stakes
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1. Did not happen does not equate to will not happen. Who knows what is ongoing unofficially
2. Fuyu may have already been priced into the takeover price at previous discussions, but waiting for official approval before a binding offer is in place may not result in higher valuation. Seller also not stupid to accept a rushed-in offer price that excludes FUYU
3. If only all BB collect stocks using only one account
Anyway these are all speculation, everyone can have his/her own opinion
AldarSorouh ( Date: 22-Jun-2014 10:58) Posted:
1. Potential acquiror can just submit a letter of intent and conduct a due diligence of RH' s assets (in order to have a better understanding of the assets) before submitting a binding offer RH can then negotiate for a higher price upon receiving the offer
-> this did not happen
2. Waiting for the Fuyu announcement will only result in a higher valuation
-> a rational acquiror will likely want to buy low and hence rush to submit an offer the fact that no offer was made is worrying
3. Collect from the market?
-> We would have seen a new substantial shareholder by now if their stake were to be more than 5% a serious acquiror and its concert parties would have to disclose their stakes
Tiptip ( Date: 22-Jun-2014 08:47) Posted:
If I' m not wrong, I think it' s best practice to make a follow up announcement no longer than 30 days after the initial announcement of a takeover. Last Friday 19 June was exactly 30 days after the initial announcement on 20 May 2014, so I don' t think it was done intentionally to ' scam' the market as some may imagine, in fact it may be the contrary.
Anyway the announcment update didn' t say the deal is dead, it just said factually that there was no progress within the last 30 days, which can mean a few things (I imagine):
1) Major shareholders asking for a higher price and buyer taking long time to consider and/or doing their assesment work
2) Buyer wants to wait for FUYU approval before making official offer
3) Takeover premium over current market price is high so buyer wants to collect enough from market before sealing the deal
Anyway there were several research reports that say the company' s assets on its own without a takeover is already worth more than 90 cents per share, and there is still FUYU to look forward to by end of 1st half 2014 (which is just a few days more) according to the company' s announcement on 9 May 2014. On top of that, there is also the ongoing Iraq tensions which media has reported is good for O& G stocks so look out for heard instincts there too.
I don' t think there are too much free float shares in the market, so if there are shorts or drop on Monday, it may present an opportunity for those who did not buy before the previous announcement to be vested.
The above are just my own guess, please trade with your own judgement and research.
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1. Potential acquiror can just submit a letter of intent and conduct a due diligence of RH' s assets (in order to have a better understanding of the assets) before submitting a binding offer RH can then negotiate for a higher price upon receiving the offer
-> this did not happen
2. Waiting for the Fuyu announcement will only result in a higher valuation
-> a rational acquiror will likely want to buy low and hence rush to submit an offer the fact that no offer was made is worrying
3. Collect from the market?
-> We would have seen a new substantial shareholder by now if their stake were to be more than 5% a serious acquiror and its concert parties would have to disclose their stakes
Tiptip ( Date: 22-Jun-2014 08:47) Posted:
If I' m not wrong, I think it' s best practice to make a follow up announcement no longer than 30 days after the initial announcement of a takeover. Last Friday 19 June was exactly 30 days after the initial announcement on 20 May 2014, so I don' t think it was done intentionally to ' scam' the market as some may imagine, in fact it may be the contrary.
Anyway the announcment update didn' t say the deal is dead, it just said factually that there was no progress within the last 30 days, which can mean a few things (I imagine):
1) Major shareholders asking for a higher price and buyer taking long time to consider and/or doing their assesment work
2) Buyer wants to wait for FUYU approval before making official offer
3) Takeover premium over current market price is high so buyer wants to collect enough from market before sealing the deal
Anyway there were several research reports that say the company' s assets on its own without a takeover is already worth more than 90 cents per share, and there is still FUYU to look forward to by end of 1st half 2014 (which is just a few days more) according to the company' s announcement on 9 May 2014. On top of that, there is also the ongoing Iraq tensions which media has reported is good for O& G stocks so look out for heard instincts there too.
I don' t think there are too much free float shares in the market, so if there are shorts or drop on Monday, it may present an opportunity for those who did not buy before the previous announcement to be vested.
The above are just my own guess, please trade with your own judgement and research.
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If I' m not wrong, I think it' s best practice to make a follow up announcement no longer than 30 days after the initial announcement of a takeover. Last Friday 19 June was exactly 30 days after the initial announcement on 20 May 2014, so I don' t think it was done intentionally to ' scam' the market as some may imagine, in fact it may be the contrary.
Anyway the announcment update didn' t say the deal is dead, it just said factually that there was no progress within the last 30 days, which can mean a few things (I imagine):
1) Major shareholders asking for a higher price and buyer taking long time to consider and/or doing their assesment work
2) Buyer wants to wait for FUYU approval before making official offer
3) Takeover premium over current market price is high so buyer wants to collect enough from market before sealing the deal
Anyway there were several research reports that say the company' s assets on its own without a takeover is already worth more than 90 cents per share, and there is still FUYU to look forward to by end of 1st half 2014 (which is just a few days more) according to the company' s announcement on 9 May 2014. On top of that, there is also the ongoing Iraq tensions which media has reported is good for O& G stocks so look out for heard instincts there too.
I don' t think there are too much free float shares in the market, so if there are shorts or drop on Monday, it may present an opportunity for those who did not buy before the previous announcement to be vested.
The above are just my own guess, please trade with your own judgement and research.
Will it drop on Monday ? It might not be , sometimes , it will go up further
So now back to fundamentals......4500 barrels of oil /day........drop how much come Monday????
john_ric ( Date: 21-Jun-2014 10:57) Posted:
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Another scam
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