With a minimum EPS at 0.15 for each quarter from now, that would give at least EPS $0.6 for FY16. I think it should be around EPS 0.8-1 for FY16. Anyway if you think of EPS 0.6, that would give PE for FY16 at 2.7 at today price $1.62. That is freaking cheap. It's way oversold now and it's a nice one to buy at this price.
with an average PE 30 for this industry, if this stock was not a super bargain stock, I don't know what to call that. the price should be at least $5 minimum by middle of 2016. It's dumb of not buying this one but it's just about the time when you should buy it. Smart investor start to push the price down to get at a cheap price. It's also dumb to sell it. To me, it would go down even further, just waiting to get in at the right moment.
They had long term syngas supply agreements at a fixed vending price of $0.10 per cubic meter. read pg. 14 & 32 on financial report. They explained everything. Geez...
Answers are all in Q10 report. You can find all information in there.
Who buys the syngas Scok produces? 3 buyers now.
Where is it piped? Already had it.
Will Scok continue to produce coke? Yes but decreasing
How is their gas priced? $0.10
I don't know man... I thought I'm going to wait more for the price drop even further to my target $1.5 but it bounce back earlier than I expect. I would probably wait for now. I think it should come back down in a month period.
I'm waiting around there as well. Hope to buy for such a big bargain. Will wait for another 3 weeks before loading this fatty again.
Nothing will always on the plan. I think it's just a manipulation of a big guy on the price. They want to buy cheap. Create a scare to public for sell off, then whenever they want more shares they can get easily. Now whatever price you bid to buy you will get it.
For the loan refinance, they will always get it as previous time. The earning and progress looks good. I think Bairu would be stupid if they do not extend it with a higher interest rate.
Now I'm holding off the buying. waiting the price to coming down even more. I think it will come down even more before those shorter satisfy. Now I hold few shares on SCOK. around 5% of my portfolio. Will add more when it comes down even more probably add to around 20%. Just be patience... Wait for the right moment.
Sentiment: Strong Buy
I don't complain when it falls bcuz I can keep buying small quantity every day.