Continuing from previous post
In this post, let’s cover the remaining 2 stocks – KTL Global and Lion AsiaPac.
KTL Global (“KTL”)
KTL supplies rigging equipment and related services to the offshore oil and gas, marine and construction industries.
Story of the share price
Between Jun to Aug 2012, KTL was trading at 17 cents. Q3 FY12 results were decent:
– earning 51 million revenues (a 15% increase)
– Q3 FY12 KTL had reported a turnaround profits
Subsequently there was a rights issue in Dec 2012 which explained the dip, but operations did not improve.
The share price trended lower in unison and a lack of market interest saw the price dwindled to its 2-year low of 8 cents.
KTL released Q1 results on 11 Nov 2013.
- Turn of fortunes
KTL’s revenues increased (led …