Magnus Energy Group *Official* (SGX:41S)

[vin111328]

Sharing is caring - I found this article online. Have you guy read it ?

sg.finance.yahoo.com/news/magnus-energy-inks-deal-jointly-020700394.html

Magnus Energy inks deal to jointly manage construction projects in Java

Singapore Business Review &ndash Tue, Feb 2, 2016 10:07 AM SGT

It will provide up to $2 million as working capital.
A subsidiary of Singapore-listed Magnus Energy has entered into an agreement with Indonesian company PT Hanjungin to jointly manage an infrastructure construction project in West and Central Java.
The projects are expected to be completed within six months.
Magnus Energy said that the deal will allow the company to participate in the management and net profits of the road project. Magnus Energy will provide up to $2 million as working capital for the project for a period of up to six months.
The project is expected to have a positive effect on Magnus Energy' s net tangible assets per share and earnings per share for the current financial year.

Any comment ?

 

[HaplessN]

Just throwing my 2 cents out here, but company fundamentals looks quite poor, so I wouldn't touch this counter too. Did a very brief glance at their financial report (so please take what I say with a grain of salt) and 3 things stood out right away
Massive loss in 2014, on the order of something like 7 million plus. Sometimes companies have bad year or one off losses, doesn't necessarily mean they are terrible, but this amount is too massive, considering their profit of only 4 million plus in the previous year. Personally feel the downside risk is just too big

Secondly, they have poor cash flows. Naturally, with such volatile earnings. They also disposed significant financial assets indicated in their cash flow statements to meet their cash flow requirements (naturally they have to do that since they have a weak balance sheet) that dropped their nav significantly.

Lastly the article you link, I pretty much read it as "a business clinched a business deal". i don't mean to sound guailan but there's too little information in the article and in essence the only thing you can garner from the article is that they clinch a deal, which businesses do all the time, and they got a capital infusion, which businesses achieve most of the time when they cinch deals. Considering company fundamentals, I wouldn't dare to touch this counter.

 

[vin111328]

Hi.. HaplessN, Thanks for reply. If you want to read more about this article , you can find it in their website.

magnusenergy.com.sg/announcements%5C2016/20160201General%20Announcement%20Road%20Projects%20in%20West%20and%20Central%20Java%20Indonesia.pdf

 

[limster]

The project is expected to have a positive effect on Magnus Energy' s net tangible assets per share and earnings per share for the current financial year.

Any comment ?

Mark to Market Strikes Again!

They are providing $2m capital, and in return, they get to "participate" in management and a share of the profits. There is no reason for NTA is increase except for MTM ....

Seriously, if the coy treats this as an increase in NTA rather than recognising the income as it occurs, you had better read their accounts carefully.

 

[strangerjun]

Big movement will come...

 

[vin111328]

Just pray hard.

 

[IAmZTX]

Magnus Energy (41s)

Hey all,

need your advice in this counter! Is the fundamentals strong?

Since it is cheap, is there room for growth? Price: 0.0003...

 

[Weaboo]

Can you dyodd

 

[birdbirdman]

I think is same group as Asiason liongold blumont one.. nvr collapse maybe got chance pump magnus.. but collapse liao i think now is a goner too

 

[HerbalTeaSeller]

Undervalued gem, decent balance sheet. Current assets>current liabilities, acid test ratio at 3.691. Don't seem like this company will go bust. Only concern is the the management, limited growth but definitely worth more than 0.001.

Net asset value per ordinary share was 0.63 cents.

http://www.sgx.com/wps/portal/sgxweb/home/company_disclosure/stockfacts?page=1&code=41S&lang=en-us


TA wise, price bottoming out. At least 2500%-5000% gain if soley base on TA. DYODD.

 

[Takodoro]

Undervalued gem, decent balance sheet. Current assets>current liabilities, acid test ratio at 3.691. Don't seem like this company will go bust. Only concern is the the management, limited growth but definitely worth more than 0.001.

Net asset value per ordinary share was 0.63 cents.

http://www.sgx.com/wps/portal/sgxweb/home/company_disclosure/stockfacts?page=1&code=41S&lang=en-us


TA wise, price bottoming out. At least 2500%-5000% gain if soley base on TA. DYODD.

Price already at bottom. Either (1) get trade-halt-->go bust or (2) onwards and upwards.

Huge huge resistance at 0.002. But buy volume seems to slowly creep up.

 

[Average]

Price already at bottom. Either (1) get trade-halt-->go bust or (2) onwards and upwards.

Huge huge resistance at 0.002. But buy volume seems to slowly creep up.

u got buy?

Sent from 金鸡 using GAGT

 

[HerbalTeaSeller]

Price already at bottom. Either (1) get trade-halt-->go bust or (2) onwards and upwards.

Huge huge resistance at 0.002. But buy volume seems to slowly creep up.

I will rule out that this company will go bust. Look at the financial statement, don't look like will go bust, this company can liquidate everything and pay back shareholder, per share also more than 10cents. To add on, current 0.002 resistance is to scare people off, they want to accumulate at 0.001, but when it burst, it will be crazy profits.

 

[ctstalin]

holding 650k shares for quite a while already and waiting for the huge burst

 

[Perisher]

this one interesting, lol. Thank HTS.

 

[Average]

Undervalued gem, decent balance sheet. Current assets>current liabilities, acid test ratio at 3.691. Don't seem like this company will go bust. Only concern is the the management, limited growth but definitely worth more than 0.001.

Net asset value per ordinary share was 0.63 cents.

http://www.sgx.com/wps/portal/sgxweb/home/company_disclosure/stockfacts?page=1&code=41S&lang=en-us


TA wise, price bottoming out. At least 2500%-5000% gain if soley base on TA. DYODD.

u are twocentsanalysis?

Sent from 金鸡 using GAGT

 

[HerbalTeaSeller]

this one interesting, lol. Thank HTS.

Safe bet. This year don't buy 4d/toto, buy magnus

 

[HerbalTeaSeller]

u are twocentsanalysis?

Sent from 金鸡 using GAGT

Shh....

 

[HerbalTeaSeller]

holding 650k shares for quite a while already and waiting for the huge burst

Maybe everyone should buy more. Then go agm ask them liquidate company. More huat. 0.002/share -> 0.3/share, crazy profits.

 

[HerbalTeaSeller]

Btw, can mod rename the thread into official magnus energy thread? Not official no one want to come in