K1 venture has announced its latest FY07 results.
Net profit: $29m down from $179m as compared to FY06, this is due to the 1 time disposal gain of GASCO.
EPS is 1.31cts
Therefore K1 is trading at PE 21x, which is rather high at the momnet.
However, company is announcing a 6cts cash distribution from its share capital account.
Currently, K1 has entered an agreemtn to sell its Mid Pac Petroleum whereas K1 is holding on to Helm Holding Corporation. With S$310million cash reserve, k1 venture will persue any investment that will enhanced shareholder value.
Net profit: $29m down from $179m as compared to FY06, this is due to the 1 time disposal gain of GASCO.
EPS is 1.31cts
Therefore K1 is trading at PE 21x, which is rather high at the momnet.
However, company is announcing a 6cts cash distribution from its share capital account.
Currently, K1 has entered an agreemtn to sell its Mid Pac Petroleum whereas K1 is holding on to Helm Holding Corporation. With S$310million cash reserve, k1 venture will persue any investment that will enhanced shareholder value.
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