Asked on 11 Dec 2019
Discuss anything about share price, dividends, yield, ratios, fundamentals, technical analysis and if you would buy or sell this stock on the SGX Singapore markets. Do take note that the answers given by our members are just your opinions, so please do your own due diligence before making an investment
Company is an oil& gas contrractor supporting the oil &Gas producers in Australia. In rcent times, oil majors in Australia has fallen in hard times and this has affected the company as well. The company is heavily leverged similar to its sister companies of Ezion. To me, the company is highly leveraged and losing money because its CEO had betted big and went wrong, furthermore they adopted Ezion's method of being aggressive in recognising revenue in the past years and now is paying the price of having to do impairments to reverse their aggression.
A very bad company (similar to Ezion), another con job that is present in the SGX which SGX should have red-flagged when revenue was aggressively recognised