Ho...Ho..Ho....

Keep for longterm......The real money after Sumatec is out from PN17....Accumulate as much as you can....If you have 500,000 units now.....1-2 years later you will be a millionaire...keep Sumatec Shares for your retirement.....Value buy anything below 0.45....Your decision....

The chart is showing Pantech is an overweight counter and to accumulate.....

Felda increase its stake in Pantech.........Hmmmm....I wonder what's cooking......

01 Nov 2013
Changes in Sub. S-hldr's Int. (29B) - KOPERASI PERMODALAN FELDA MALAYSIA BERHAD

Brothers fighting.......mati kudasai....my condolence to Benalec investors......

www.btimes.com.my/Current_News/BTIMES/articles/.../Article/‎

READ THIS:

KUALA LUMPUR: Tan Sri Halim Saad seems to have received Petroliam Nasional Bhd’s (Petronas) backing in his oil venture in Kazakhstan.


It is reliably learnt that Halim’s Markmore Energy (Labuan) Ltd had signed an offtake agreement with Petronas for the planned sale and purchase of “methonal”.

The national oil corporation’s listed unit, Petronas Chemical Bhd, had agreed to purchase the methonal at a small discount to the prevailing market price.

Under the agreement, Petronas will acquire the methonal only if it conforms to the International Methanol Producers and Consumers Association’s standards.

Documents seen by Business Times reveal a key element of the agreement also requires Markmore to supply the methonal from Kazakhstan to any Europe’s safe port.

Markmore, which has invested more than RM300 million in the Central Asian nation, owns the concession in Kazakhstan’s Shelly oil field, which produces some 1,000 barrels of oil per day.

There are 47 wells in the oilfield but only five are operational, previous media reports seemed to suggest.

Getting Petronas involved in the offtake will lend credibility to the public-listed company.

Halim is currently using Sumatec Resources Bhd, which was on the local stock exchange’s delisting list, as his vehicle 12 years after the empire he had built crumbled during the 1997 Asian
financial crisis.

His game plan is simple. Since Markmore has a concession that will last until 2025, Sumatec will develop the Shelly oil field at its own cost in return for 100 per cent of net income of the first two million barrels and 50 per cent of net income
thereafter.

The exercise has helped Sumatec to raise more than RM600 million cash, increase its stock price by sixfold over two years and enabled Halim to secure 24 per cent of Sumatec, which, in spite of its PN17 status, is valued at more than RM800 million in the market.

Anyone knows what will the TP upon exit from PN17?

RSI 90......Over bought big time...........Game over...

mati kudasai.......my condolence to the sharks victim...

The sharks start to accumulate DSC sol at 0.14.......already make more than 100% profit......Game over....Move to another table....Chongker already close DSCsol table....

If you love your money....becareful of this counter........

Game over.....

Very interesting counter..........

Family squable......expect for the worst.....

sammj.....You clever....As Noraini says....Hold for 3 months and the investors will be handsomely rewarded....

Looiks.....Anything below 0.35 is a value buy....

Just to recap for late comers:


Halim had signed an agreement with Sumatec to develop and extract fuel in the Shelly Oil Field

PETALING JAYA: Sumatec Resources Bhd's shareholders will vote on its regularisation plan involving the acquisition of oil and gas (O&G) assets in Kazakhstan on Friday, close to one year upon submission.

News of tycoon Tan Sri Halim Saad injecting his O&G assets into the debt-laden company first emerged in November 2011. Halim, via his vehicle Markmore Energy (Labuan) Ltd and CaspiOilGas LLP (a subsidiary of Markmore Energy Sdn Bhd), had signed an agreement with Sumatec to develop and extract fuel in the Shelly Oil Field.

Through the deal, CaspiOilGas would award a production sharing contract to Sumatec, which, in turn, would place new shares to new third-party investors agreed by both companies.

A circular to shareholders showed that 335 million shares at an issue price of 17.5 sen had been placed to Halim, Tan Sri Chua Ma Yu, Corston-Smith Asset Management and Tekad Mulia Sdn Bhd, raising some RM58.6mil.

Tekad Mulia, owned by Wan Kamaruddin Biji Sura and Chan Yok Peng, has a 26.97% stake in the company.

Corston-Smith Asset Management, meanwhile, was founded by Datuk Shireen Ann Zaharah Muhiudeen.

Wan Kamaruddin, Chan and Shireen sit on the board of the company.

In a company document, the PN17 company said new directors were appointed to lead it upon the completion of its regularisation plan.

Other directors include former Attorney-General Tan Sri Abu Talib Othman, the brother of the Prime Minister Datuk Ahmad Johari Abdul Razak, Datuk Mohd Nasir Ahmad, Christopher Layton Dalton, Datuk Che Mokhtar Che Ali, Mohamad Ismail and Michael Lim Hee Kiang.

It had also proposed a renounceable rights issue of up to 2.72 billion new shares with 680.56 million free detachable warrants at 17.5 sen per rights share on the basis of 41 rights shares for every ten shares held. Every four rights shares subscribed would be entitled to one free warrant.

According to the company, it would raise at least RM452mil in cash from the new share issuance and rights issue, which would then be used for the joint investment agreement as well as for working capital.

Besides raising funds and bringing in new blood to its board, the company had also disposed of debt-laden assets.

It had announced the sale of its 51% stake in Semua International Sdn Bhd to Hoe Leong Corp Ltd and Setinggi Holdings Ltd to make inroads into the upstream segment of the industry.

“With the disposable of Semua, combined with the completion of the regularisation plan, all Sumatec's debts would be eliminated from its balance sheet, enabling it to start afresh on the upstream O&G business without any legacy issues,” it said.

It had also proposed to implement a settlement share scheme in regards to the amount of RM114mil owing to its creditors by issuing up to 261 million new shares.

On top of that, it had proposed a capital reduction, which saw its par value per ordinary share being reduced from 35 sen to 14 sen. The regularisation plan was approved by Bursa Malaysia in January.

free think...I don't intend to laugh but I just can't help it when I read some of the comments in this thread.....ok lah....The way I see it whoever intend to keep this counter medium to long term will see positive outlook.......Contra players will definitely ta pau.....No bullets....don't play sumatec...period...

Looks like nobody knows what is going on with Sumatec........The sharks are laughing their heart out if they read this forum......Want to buy but scared of losing......Want to sell but not sure...probably will make tons of money........So how???....Just keep your money in FD etc.....This thread is very colorful....he...he..he

snkfor....I kind of agree with your statement.........Pantech's Technical Indicators looks solid now.............I am keeping long Term ......To make real money....

Steve...my own analysis lah.....

Up graded Out-look....Stay Long...

City Trader....Sumatec is a value buy......Worth buying for long term investment....Where on KLSE that that any investors can get O& G counter at this level?.....Sumatec's new team comprise of market movers.........

Please look at the technical indicators and do your homework pertaining to Sumatec's business plan going forward and ask yourself if it is worth buying at this level for long term investment.............

Maximus......Congratulation...but please don't use bad language in this forum....We are all adults and professionals......cheers

BBB79/Steve Jub...I put Pantech shares in my freezer....Will open it in a year time...

This is a very interesting counter...Any idea what will be the TP once it is out from PN17?...Anyone?....

wah....very good cheap sale lah....almost 57% discount from highest of 0.56.....

cheap sale.......

Up we sell.......down we buy........why worry?

My advise to all is to do your homework thoroughly on Sumatec...Not only TA.....The more you know....the more you love Sumatec and you don't want to let go.....I read Noraini's postings and I understand what she meant........Let's go for the sky Lady Noraini......cheers

Dear Noraini.....Thanks for your reply below......I have been reading your comments...and fully agreed with whatever TA that you have have posted.......As a result I made a good profit and get quite a number of Sumatec's shares for free from the profit gain....I did my homework on the company and will be keeping Sumatec's shares for long term........I strongly believe the price will go sky high once the restructuring exercise is completed.........I truly appreciate whatever you have posted.......Thank you so much...cheers


16/11/2013 12:00 Noraini Ismail :

Sang Jero, Sumatec restructuring exercise is in progress accordingly to time frame within 1 year. Sumatec has to prove sustainable profits to Bursa towards exiting PN 17 earlier. Possibility is great once oil production increase & generate income to Sumatec''s book........16/11/2013 12:00

Dear Noraini...any idea about Sumatec's restructuring exercise timeline to be completed?

Steve...Pantech is on auto cruise now..........keeping it for long term......meanwhile make some money from other O & G counter....

Hi Noraini....Looking at the TA, I hereby confirm your statement below...My chart is in the same wavelength as yours.....BULLISH....BUY...or miss the boat...cheers...



Posted by Noraini Ismail > Nov 14, 2013 09:32 PM | Report Abuse

Today Sumatec creates "bullish harami" & holding quite well. If its not for listing date round the corner I'm sure the "lift" can go to at least 55 floor again.
Back on track trading along upper Bollinger band.
MACD almost reaching level 0.06 away from centre line zero, shows no sign of weakness
RSI 80 - still strong , even after " kena lanyak" yesterday.
A little wary stochastic had slightly cross price over 5 days create potential pullback
Support @ 0.50 & resistance 0.55.
Chances trading sideways for a while till 21/11.

Definition of 'Loan Stock'

Common or preferred stock shares that are used as collateral to secure a loan from another party. The loan will earn a fixed interest rate, much like a standard loan, and can be secured or unsecured. A secured loan stock may also be called a convertible loan stock if the loan stock can be directly converted to common shares under specified conditions and with a pre-determined conversion rate, as with an irredeemable convertible unsecured loan stock(ICULS).

This type of financing is also known as "portfolio loan stock financing".

bro saufi 74....cheers..

Steve I am very ok....Let's Pantech move up naturally.....We harvest when the times come...cheers

In Malaysia, whatever they deny is the truth......

Pelantikan Pengarah Eksekutif kuasai 5 peratus pegangan saham

Tan Sri Mohd Hassan Merican (gambar) dijangka kembali ke arena korporat tempatan apabila bakal dilantik sebagai Pengarah Eksekutif Sumatec Resources Bhd.

Sumber industri berkata, pelantikan Mohd Hassan itu dijangka diumumkan Sumatec, iaitu syarikat yang terbabit dalam menyediakan perkhidmatan dalam industri minyak dan gas (O&G), sama ada lewat minggu ini atau awal minggu depan.
Mohd Hassan, 61, yang juga bekas Presiden dan Ketua Eksekutif PETRONAS, kini sedang berkhidmat dengan beberapa firma antarabangsa seperti syarikat berkaitan Kerajaan Singapura iaitu SembCorp Industries Ltd, SembCorp Marine Ltd dan Singapore Power, selain menjawat jawatan sebagai Pengarah di Sarawak Energy Bhd dan gergasi minyak dan gas Amerika Syarikat, ConocoPhillips.

Beliau diiktiraf sebagai peneraju dan penggerak utama yang berjaya membawa PETRONAS ke pasaran luar negara dan dapat bersaing dengan syarikat minyak gergasi lain.

Can see some sparks now......Setting up the fire?????....You guess....

ok lah pon pon...if it makes you happy....

I am holding tight to my Darling Pantech.........

fifijalal....short joy for pon-pon...he..he...Let's see if it breaks 2.60 today.....

Pon Pon....I would strongly suggest that you look for another counter if you thing that West Port shares is worthless............There are many quality investors in Westport......cheers.....

Pon Pon.....btw please read all my postings...It might help you if you want to invest in Westport....You may ignore my postings if it doesn't help you....So far I think I am talking on the same wavelength with the analyst....

Pon Pon....terdelete.....here you go....

I have said it many times....take it from me...I more or less knows what is going on....

btw....Strong investors have no fear

Posted by SANG-JERO > Nov 3, 2013 11:18 AM | Report Abuse X


The words among corporate investors........it only take one good news and Westport will fly like a rocket.....

Foreign Investors and the local fund houses accumulated West port shares aggressively at 2.55-2.56.....NON of the corporate investors are selling.....The big boys are merely doing bargain hunting and accumulate West Port shares..........

I am of the opinion that 2.60 to 2.75 or more could be soon and the price might catch up with UMW O & G....Technical Indicators and FA looks positive.......

There could be another meeting between West Port and the cornerstone investors very very soon..........cheers

Sister Noraini.......I admire your trading style....Sumatec is in Upstream.....Very good margin...They control the price......cheers

I feel sorry to those who got cheated.....

Take your submarine to sumatec...There is a lot of oil in Kazakstan...cheers...