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more bad results to come I think, it's only the 1st quarter
waiting to buy it at 3.50 or 4.00
Oil downturn periods will last for how long is still anybody guess.
(11-05-2015, 11:59 AM)Happymeowmeow Wrote: [ -> ]anyone planning to buy? at say $4.20 or $4?

Price will correct further with if subsequent quarterly results are mediocre. Just wait for Q2 results and management views before deciding whether it's time to buy.
I think Q2 results should be ok... they deferred some of the earnings recognition to Q2
(11-05-2015, 01:07 PM)Happymeowmeow Wrote: [ -> ]waiting to buy it at 3.50 or 4.00

The selling were very persistent , should hit your target price very soon.
I will buy some if price goes below 4.00. Smile
I got some today at 4.20

waiting for 4.00 to buy more hehehe

I see the book value is 3.30

so 1.2 times book is around $4.00 which I will defend strongly

cheers
just curious, how do you obtain pb ratio of 1.2, to be fair valued?
base on historical trend, read it from research reports
I think the only time it breached 1.2 was during the 2008/2009 oil crisis, but the oil price rebounded quickly then, and so the share price didn't stay low for long

the oil price situation now, however, is still anyone's guess
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