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15-05-2015, 06:21 PM
Results are poorer this q1 2015. Surprised by the sudden sell down to 1.815 low today.
Though drop in commodity trading revenue was significant, the fall in gross margin was 3%. The core logistics business is still stable. Other than slightly higher overheads, cwt remains profitable.
I read somewhere that this is due to drop in volume of naptha being traded and that price of naptha was lower in Q1 2015. This then contributed to the massive drop in group revenues of 59% compared to same period q1 2014.
Anyone with any views to share on this?
Vested as of today.
Though drop in commodity trading revenue was significant, the fall in gross margin was 3%. The core logistics business is still stable. Other than slightly higher overheads, cwt remains profitable.
I read somewhere that this is due to drop in volume of naptha being traded and that price of naptha was lower in Q1 2015. This then contributed to the massive drop in group revenues of 59% compared to same period q1 2014.
Anyone with any views to share on this?
Vested as of today.
The thing I am scared most is not nightmares or market crashes..... Its my greed that I fear the most.
When people ask what is my target price, I never have any good answer for it because Philip Fisher said before (in Common Stock Uncommon Profit) that the best time to sell is never. Equity investment is buying into ownership, not betting slips.
The path to greatness and wealth is necessarily dangerous.... because greed is a fearsome fore that threatens your success at every step.
When people ask what is my target price, I never have any good answer for it because Philip Fisher said before (in Common Stock Uncommon Profit) that the best time to sell is never. Equity investment is buying into ownership, not betting slips.
The path to greatness and wealth is necessarily dangerous.... because greed is a fearsome fore that threatens your success at every step.