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1721-1740 of 6935
Those were posted by Chairman during last Wed AGM. Summarised at Zao Bao business page as well.
Had Q sell 2(contra one) lots 10 bids lower, as said earlier.
viruz7667 ( Date: 24-Apr-2008 17:46) Posted:
Think this should be the piece of news that AK mentioned earlier.
Published April 24, 2008 
Brokers' Take
Singapore Petroleum Co
April 23 close: S$7.66
DBS Group Research, April 23
WHILE the group's operating profit was up 7 per cent y-o-y, operating
profit from refining business actually dropped 24 per cent or S$25
million from a year ago. This was despite a stable refining margin of
US$7 per barrel. Oil hedging loss, weak US dollar, and high freight
rate contributed to the y-o-y decline in operating profit from refining
business.
Management did not disclose details of its hedging activities but
indicated that hedging cost was $10 million higher than in Q1 2007.
Trading volume is expected to recover in Q2 2008 from a decline in Q1
2008 to 19.3 million barrels, versus 20.5 million barrels in Q1 2007.
However, the scheduled maintenance in Q2 2008 would lower refinery
crude throughput by 3 per cent from the Q1 2008 level.
SPC is still seeking to acquire operating E&P assets. However,
management acknowledged that at current record-high oil prices it would
be difficult to find any acquisition opportunity at good price.
Therefore, SPC will likely focus more on E&P organic growth during
the next two years. It expects to drill 18-19 exploration wells in 2008
with allocated budget of US$50 million-US$60 million.
Refining business will continue to dominate SPC's
earnings in the coming years. We expect SPC's quarterly earnings to
peak in Q2 2008, supported by seasonally strong refining margins and
record crude prices. We expect quarterly earnings to jump to S$160
million-S$180 million in Q2 2008, and soften to S$100 million-S$130
million in Q3-Q4 2008.
Based on our recently raised crude price assumptions, we forecasted
FY08-09 net profits that are 1.8 per cent and 11 per cent higher
respectively. Hence, we revised our sum-of-parts TP to S$7.84. Our
'hold' rating is based on: 1) attractive dividend yield of 7.5 per
cent; 2) current strong refining margin and high crude prices; and 3)
relatively cheaper valuations compared with regional peers.
HOLD
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Think this should be the piece of news that AK mentioned earlier.
Published April 24, 2008
Brokers' Take
Singapore Petroleum Co
April 23 close: S$7.66
DBS Group Research, April 23
WHILE the group's operating profit was up 7 per cent y-o-y, operating
profit from refining business actually dropped 24 per cent or S$25
million from a year ago. This was despite a stable refining margin of
US$7 per barrel. Oil hedging loss, weak US dollar, and high freight
rate contributed to the y-o-y decline in operating profit from refining
business.
Management did not disclose details of its hedging activities but
indicated that hedging cost was $10 million higher than in Q1 2007.
Trading volume is expected to recover in Q2 2008 from a decline in Q1
2008 to 19.3 million barrels, versus 20.5 million barrels in Q1 2007.
However, the scheduled maintenance in Q2 2008 would lower refinery
crude throughput by 3 per cent from the Q1 2008 level.
SPC is still seeking to acquire operating E&P assets. However,
management acknowledged that at current record-high oil prices it would
be difficult to find any acquisition opportunity at good price.
Therefore, SPC will likely focus more on E&P organic growth during
the next two years. It expects to drill 18-19 exploration wells in 2008
with allocated budget of US$50 million-US$60 million.
Refining business will continue to dominate SPC's
earnings in the coming years. We expect SPC's quarterly earnings to
peak in Q2 2008, supported by seasonally strong refining margins and
record crude prices. We expect quarterly earnings to jump to S$160
million-S$180 million in Q2 2008, and soften to S$100 million-S$130
million in Q3-Q4 2008.
Based on our recently raised crude price assumptions, we forecasted
FY08-09 net profits that are 1.8 per cent and 11 per cent higher
respectively. Hence, we revised our sum-of-parts TP to S$7.84. Our
'hold' rating is based on: 1) attractive dividend yield of 7.5 per
cent; 2) current strong refining margin and high crude prices; and 3)
relatively cheaper valuations compared with regional peers.
HOLD
Hi all, can anyone advise for SPC usually the div will drop for only on first XD or will keep dropping for a few days after first day of XD?
Also, will there be anymore div coming from now till year-end or is this the last and only one?
many thanks in advance to whoever who replies
7.74 closing price?
Ha ha Get 4 lots of SPC........
hope price will be maintain or higher.... Sell early the morning 9.00am
Looking at the agreesive accumulation, might close gap up $7.80...BB playing tricks here!
8 more minutes before the $400.00 Dividends Ship sail off. Leong leong.....LOL!!!
Hi One Sharer
Thank for your advise.......
These US A-holes can do anything they want... create subprime mess, shitty dollar...why not crude oil mess?
Here come the action...KepC being hammered hard...haha..Can recover my 2 lots shrt position liao....
idesa168 ( Date: 24-Apr-2008 16:00) Posted:
| 2 days ago, SPC dropped on me, I loose out in my contra. So I changed gear yeater and buy into Synear and YZJ. Let go this morning on YZJ @1.06 and went into meeting. Came out, bang loh! I was lucky on Synear, let go at 0.675 before meeting. SO stoday got income lah...Anyone to advise on GAR? Keen now! |
|
Oops, not ATTN Koolsice but ATTN twdan8866.
Koolsice
Believe XD tomorrow
so if intend contra only and price drop due divvy (if diff fr COSCO), may even suffer loss.
For your consideration.
Thank Kooisice.. But i play on contra basic any diff.. .
Test my luck. hope it same as Cocos....
As long as it is still trading in CD (Cum dividend), you will get the divvy... Once it becomes XD (Excluding Dividend) then you won't get the divvy but usually the price will drop on XD..
twdan8866 ( Date: 24-Apr-2008 16:02) Posted:
Anyone can advise if i get into SPC now . Can i get the Div. Thanks |
|
Anyone can advise if i get into SPC now . Can i get the Div. Thanks
2 days ago, SPC dropped on me, I loose out in my contra. So I changed gear yeater and buy into Synear and YZJ. Let go this morning on YZJ @1.06 and went into meeting. Came out, bang loh! I was lucky on Synear, let go at 0.675 before meeting. SO stoday got income lah...Anyone to advise on GAR? Keen now!
Ah yo yo, today market quiet???? Touh boh? Looking at those counters played by the players, under current turbulance here and there lah. If you are not a good "swimmer", don't go near to the current. Stand at the beach to enjoy the cool breeze loh. He he.
aiyo....if no target keep CASH lah! Why must die-die get into the mkt?...I am eyeing Golden Agri, commodity play, also SMRT today dropped quite abit....observing now.... not much of activity, I am waiting for my SPC divvy, $4,000...shiok leh!
ViperG ( Date: 24-Apr-2008 14:27) Posted:
| I168/Francis/Nick..What counters are 3 of you targeting? Very quiet market..dun know what to target liao. |
|
Actually I got heard a man invented a formula to turn plants from his backyard into fuel in India don't know how many umpteen year ago. After the news broke out his house kenna burn down and formula 'bo ke liao'. So I belief that what you have just said will come true. One of these days in the near future.
Agree, solely speculation. Dun see any shortage of fuel, neither the OPEC willing to increase output but reduce their income. For commodity investors, as far as they can earn profit for any trading, they are deemed good investors. They hv no mercy whether, global economy slow down, starvation here and there etc.
One fine day, if someone, such as Shackspear II, could turn something into fuel, for IE sea water into fuel, then OPEC kena kow tau leow. They will sell the world tallest building, oasis islands, scrapt metal of their oil field infrastructures etc.
