There has been concern that the TAS balance sheet might be unhealthy, due to massive increase in trade and receivables and low cash on hand in previous quarter.
But.. but.. neither the stock performance nor announcement hints for unexpected events, like what LCL encountered.
Just recently on December 2009, TAS Offshore delivered eighth vessel to Zakher Marine. And now, crude oil price stood at ~$83.
At this bullish market, nobody is going to talk about the receivables, but the earning!
Unclepicks chose to hold till the next quarter report before planning for next action. TAS quarter report will be out real soon, previous quarter released on 19/10/2009.
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