Penguin International

[thor666]

I am losing money in this counter, to-date. A glance revealed that a lose of approx -30% in this counter.

Is it a mistake? I reckon it shouldn't be concluded as mistake yet, but a poor market timing. I have never taken market timing as a performance yardstick, anyway. 

I read the posts in this thread, none, if not few have doubted on the company quality, but entry prices. Penguin is the market leader of crewboat, and having good market share. Crewboat is necessary, as long as staffs/refills needed for O&G off-shore operations.

I am thinking, is there a possibility that, we might be discussing totally different scenario, few months later, if oil price catch us by surprise again on its up trend? 

A PE ratio comparison of nam cheong and penguin from 1 year ago will highlight that penguin has fallen significantly lesser than nam cheong. Investors need to set their investment horizons - 3, 5, 10 or even more years? I have always thought that penguin stands out as a net cash o&g company.. Surely they have done something different.

What penguin needs to do is to capture even more market share in this downturn. We are likely to see less boat orders and more maintenance requirements as companies stretch their budgets.


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