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still got positive operating cashflows, so means they can tahan, watch out for that though...
can "tong" for at least 4Qs/6Qs no problem...
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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start selling off assets for cash.... looks like a formula for delisting soon...
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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2QFY17 losses due to prevalent weakness in activity
* Depressed activity levels in the oilfield and subsea sectors continue
* Improved Bahrain performance despite pricing pressures
* Proposed disposal of Engine Systems division, strengthening balance sheet
Mr Kuah Boon Wee, Group Chief Executive Officer said,
"We continued to see weak subsea demand in all operating areas except in the Middle East where activity remains robust.
We will look to focus on growing our business in the Middle East. Overall recovery will require an improvement in activity levels, especially in the South East Asia/Australia region, where sentiment remains muted.
While we remain attentive to cash conservation and labour utilization, the disposal of the Engine Systems business will help to further improve the balance sheet, weather the current down-turn and capitalise on new opportunities."
2QFY17 results :
http://infopub.sgx.com/FileOpen/MTQ_2QFY...eID=426721
Specuvestor: Asset - Business - Structure.
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Mmm... MTQ brought a valve company, and started share buy-backs,
start to monitor,
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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"The industry is still in the early stages of a slow recovery and this is expected to persist into 2018. Nonetheless, the Group sees significant interest by oil companies to plan ahead for new projects as
depletion of existing resources continues and costs fall. The Group's financial position and net debt gearing remain sound as it continue to maximize opportunities and boost utilisation."
slow turn i guess? :O
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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if compared with Mencast holding. MTQ financial result seem much better.
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