Loyz Energy holding back dividend

Loyz needs to provide more clarity to investors when there are signs that it is not able to achieve profitable results at half time.

Why is there no profit guidance weeks before the half year results announcement?  It prefers to stick to so-called good news :-  (1)January 5th "Loyz Energy inks strategic cooperation deal with GEO EAST, a leading seismic services subsidiary of BGP International and CNPC", (2)November 28th "Loyz Energy to grow concessions portfolio, strengthening name in upstream energy market".

Lower revenue was due to lesser project sales in the sanitary hardware business.  Is Loyz losing focus on its sanitary hardware business?  There seems lacking of spirited fight to make its sanitary hardware business more profitable as it admits pricing competitiveness.

Probably too much time, energy and money being allocated on its new "toy" - the oil and gas business.  There are already so many seasoned players in this oil and gas business so l reckon this is going to be a long haul for Loyz as it will be very difficult to win over prospective customers.       

Previous year dividend was $0.005 but None declared for current financial period.   Reason given "No dividend is announced for this current financial period due to the losses incurred mainly from the oil and gas business. As the oil and gas business is still in the research stage, expenses are incurred to ensure the company having the right technology and expertise for future revenue growth."

Its oil and gas business is still in the research stage so, do expect more related expenses and expenditure be incurred for full year.

IMO, it is better for Loyz to focus more on sanitary hardware business.  Loyz is throwing away all its past glories down the gutter with the oil and gas business.

Bring back Sim Siang Choon!