essentialbus
15th Jan 2008, 06:27
Picked up this story recently after a Bloomberg interview with T.F. was published.
He admitted they took a bet that oil would not go US$ 90 a barrel but it did.And its still there.
Than the "analysts" chipped in. If the price remains at these levels, AK earnings could fall by RM. 45 million a month was a comment and another one was that AK's policy was considered excessively speculative.
Then there was, as a result? substantial selling of stock by international investors which now resulted in a stock price of RM. 1.52 (US$ 0.45).
So what was behind it, just a flawed conception of economics or an attempt to make some quick bucks by going to the oil casino?
On a slightly different note, T.F. then predicted they will eventually fly twenty (20) times a day between KUL and SIN and will carry seven (7) million pax on that route by 2013.
He is not afraid, you have to give him that.
Cheers
E.B.
He admitted they took a bet that oil would not go US$ 90 a barrel but it did.And its still there.
Than the "analysts" chipped in. If the price remains at these levels, AK earnings could fall by RM. 45 million a month was a comment and another one was that AK's policy was considered excessively speculative.
Then there was, as a result? substantial selling of stock by international investors which now resulted in a stock price of RM. 1.52 (US$ 0.45).
So what was behind it, just a flawed conception of economics or an attempt to make some quick bucks by going to the oil casino?
On a slightly different note, T.F. then predicted they will eventually fly twenty (20) times a day between KUL and SIN and will carry seven (7) million pax on that route by 2013.
He is not afraid, you have to give him that.
Cheers
E.B.