MAGGI1966. I HOLD MOSTLY MOTHER BUT I DO HAVE A SMALL PORTION OF WA WHICH I WILL HOLD. IF TSHS THINKS 55C IS A GOOD PRICE TO ENTER, THEN SUMA IS DEFINITELY WORTH ABOVE 60C FOR LONG TERM. YOUR WB WILL BE ARD 50C IF SUMA GOES BACK TO ARD 60C LEVEL. WHY DUN YOU HOLD TILL NOV/DEC. USUALLY THEY WILL PLAY UP THE SHARE PRICE BEFORE THE RI EXERCISE.

MAGGI1966: IF YOU INTEND TO KEEP SUMA FOR LONG TERM LIKE TSHS, DO NOT WORRY. HOWEVER IF YOU PLAN FOR A QUICK CONTRA GAIN, YOU WILL BE EATEN ALIVE BY THE SYNDICATES AND PDTS.

PETALING JAYA: Sumatec Resources Bhd’s major shareholder Tan Sri Halim Saad says he will increase his stake in Sumatec to 32% from 22.06% currently as he is in the company for the long term.

This will be done through the subscription of new shares arising from Sumatec’s acquisition of the Buzachi Neft oil field that is estimated to cost the company US$350mil (RM1.12bil).

In the proposed acquisition, Sumatec would undertake a rights issue which Halim would subscribe for his portion. Halim will accrue the additional shares by purchasing a block that will be put up for sale by a vendor of the Buzachi asset.

“I see Sumatec as a stable flagship for my investment in oil and gas. I am here to stay for the long term,” said Halim in a statement.

Halim, who has about 22% stake in Sumatec, estimated that it would cost him some RM550mil to increase his interest in the company.

On Friday, Sumatec exited its Practice Note 17 status. Its shares closed 1 sen higher to 47.5 sen on volume of 175.2 million shares yesterday.

Last month, Sumatec announced that it was looking to acquire the Buzachi Neft oil field from Borneo Energy Oil and Gas Ltd that has a proven and probable oil reserves of 68.86 million barrels.

Sumatec has said that the acquisition price translated into US$3.63 per barrel.

The US$350mil consideration will be paid via US$225mil (RM720mil) cash and US$125mil (RM400mil) worth of Sumatec shares.

To fund this, Sumatec announced a proposed renounceable rights issue of up to 2.3 billion new Sumatec shares together with up to 2.3 billion free warrants at an indicative issue price of 40 sen per rights share. Sumatec shareholders with two shares will be entitled to subscribe for one rights and the warrant is thrown in free.

In the deal, a vendor of the Buzachi Neft oil field – Abu Talib Abdul Rahman – is offering for sale up to 727.27 million Sumatec shares, which Halim has agreed to take up.

In July, when Sumatec first announced its interest in the Buzachi oilfield, it entered into a framework agreement with the vendor of the oilfield, Borneo Energy Oil and Gas Ltd, for US$250mil. The shareholders of Borneo are Abu Talib and Dr Murat Safin.

The shares for the Borneo Energy shareholders are priced at 55 sen, and this was determined by the Sumatec board of directors.

“I am confident that 55 sen is a good price to buy,” said Halim.

He denied speculation that he would be disposing of his existing shares to help fund the rights issue subscription.

“If I sell the shares now, I may not be able to pick them up later at better prices. I intend to increase my stake, not reduce it.”

Meanwhile, Sumatec cautioned that it might not achieve its net profit of RM69mil for its year ended Dec 31, 2014.

Sumatec said that due to the technical requirements to install artificial lift pumps on a number of wells, there had been a delay in bringing some of the wells on to production.

On this recent warning, Halim said he did not understand what the concern was.

“Production-wise, based on Markmore’s and CaspiOilGas’ records, we are on track to reach the target this year. However it’s probably wise for Sumatec to be on the conservative side and share with their investors.

“Profit-wise, our estimates show that we are within range. You may have to confirm with the Sumatec management,” he said.

MAGGI1966: KEEP YOUR WB FOR THE TIME BEING. ASSUMING MOTHER AT CURRENT PRICE 0.465, AFTER RI EXERCISE MOTHER IS ARD 0.44-0.445. YOUR WB SHOULD BE PRICED ARD 0.37-0.38. OBVIOUSLY YOUR WB IS OVERSOLD BY RETAILERS WHO DUN KNOW MUCH ABOUT RI. GOOD LUCK!

IF YOU TRUST THE COMPANY, JUST BUY AND KEEP! IF YOU DUN TRUST THE COMPANY, JUST SELL. YOU AND I DONT MAKE ANY DIFFERENCE TO THE SHARE PRICE! AND NOBODY CARES WHETHER YOU WIN BIG OR LOSE YOUR PANTS PLAYING THE STOCK MARKET!! SO STOP WHINING!!!

FOCUZ: I DO UNDERSTAND WHY SOME PEOPLE ACT DESTRUCTIVE HERE. MAINLY THEY BEEN BURNED BY THE COUNTER BADLY!! THEIR PRIDE ARE NOT BALANCED AND THEY WANT OTHERS TO LOSE AS WELL. BUT SORRY I D I O TS, WE ARE THE EARLY ADOPTERS WHO BOUGHT BELOW 30CENTS. YOU CAN KEEP WHINING! HAHAHA!

http://www.theedgemalaysia.com/business-news/305371-hot-stock-sumatec-active-up-after-removal-from-pn17-list.html

AT CURRENT PRICE 45C, DILUTION OF WARRANT A&B ARE NOT MUCH ANYMORE! (0.45+0.45+0.4)/3=0.435. THE DIFFERENCE IS ONLY 1.5C! SO YOU SHOULD KEEP YOUR WA AND WB FOR NOW...

Posted by MercuryRX > Aug 29, 2014 12:22 PM | Report Abuse

s123445 training ground to sharpen skill ma penny stock... Nyse+nasdaq, long term.. so no need to watch everyday,


ANOTHER BOASTFUL I D I O T! FACT IS ONLY HAVE RM30K TO PLAY IN SUMA CONTRA AND NOW CRY BABY HERE AND THERE AFTER SUFFERED MINOR LOSSES. DUN CRY YA!!!! LOL

Posted by luoli > Aug 29, 2014 11:56 AM | Report Abuse

Hai yah , Luoli no need to entertain negative comments. Save your time

Lets move on as long as uncle CMY is in there , HS is in there everything is ok

YA LOR...WHY I ENTERTAIN THAT I D I O T?? LOL

Posted by luoli > Aug 29, 2014 11:56 AM | Report Abuse

Hai yah , Luoli no need to entertain negative comments. Save your time

Lets move on as long as uncle CMY is in there , HS is in there everything is ok

YA LOR...WHY I ENTERTAIN THAT I D I O T?? LOL

AFTER BEING EXPOSED, LAUGHDIE JUST GETS ASHAMED AND STARTS BECOMING ABUSIVE...LATER GET BANNED LOR. WHAT AN I D I O T!!! LOL

Posted by Erwan Hasidan > Aug 29, 2014 11:48 AM | Report Abuse

lol. not about the stock but funnier to see some people want to prove themselves so bad

A LOT OF BOASTFUL PPL IN THE FORUM, ACTUAL FACT THEY ARE JUST IKAN BILIS, LOSE A BIT MONEY THEN CRY BABY....LOL

LUAGHDIE DUN PRETEND LAH...IF U ARE REALLY THE SYNDICATE, U AFRAID TO QUEUE JUST 5 SECONDS??? U ARE JUST A SOHAI WANNA GET SOME ATTENTION HERE. ISH ISH ISH.....LOL

LAUGHDIE IKAN BILIS WANNA ACT LIKE HE IS THE SYNDICATE... WAHAHHAHAHA!!!! WHAT AN I D I O T!!!

HAHAHA LAUGHDIE U ARE JUST A PATHETIC IKAN BILIS. AFTER I EXPOSE YOU, THEN U JUST GET MAD AND TALK DIRTY. GO FLY KITE LAH, I D I O T!!! HAAHAHAHA!

LAUGHDIE WHERE ARE YOU? I'M WAITING FOR YOU TO PROVE IT TO ME....IF NOT YOU ARE JUST IKAN BILIS WANNA HOW LIAN IN THIS FORUM

Posted by Canlaughdie2 > Aug 29, 2014 11:33 AM | Report Abuse

luoli come my office i show u.

U WANNA PROVE IT TO ME, RIGHT? LAST TIME GOT ONE BOASTFUL GUY JUST LIKE U AND I EXPOSED HIM! NOW I GIVE U THE OPPORTUNITY TO PROVE IT TO ME. SINCE U ARE PART OF THE SYNDICATE, JUST QUEUE 10M BUY ORDER 5 TICKS DOWN AT 43.5c. I WILL APOLOGIZE TO YOU IF YOU COULD DO THAT. IF NOT YOU ARE JUST AS PATHETIC AS THE EARLIER GUY!!

Posted by Canlaughdie2 > Aug 29, 2014 11:27 AM | Report Abuse

really laughdieme. i m part of the syndicate of sumatec la.

HAHAHA! DUN PUT GOLD TO YOUR FACE LA. I SEE MANY BOASTFUL PPL IN THIS FORUM, BUT I NEVER SEE PPL AS BOASTFUL AS YOU ARE! HONESTLY I THINK YOU ARE JUST A PATHETIC GUY WHO LOST MONEY IN BURSA, NOW WITHOUT MONEY U JUST COME HERE TO SHIOK SENDIRI.HAHAHAHA!

SEEMS TO ME THE PDTS ARE TAKING THIS OPPORTUNITY TO SHORT SELL SUMA. LET'S SEE HOW MUCH SUMA WILL REBOUND WHEN THE PDTS TRYING TO COVER THEIR POSITIONS AT THE END OF THE DAY!

LAUGHDIE2 I KNOW U HAVE BEEN BURNED BY SUMA BCOZ U ARE SO STUPID TO LISTEN TO OTHER PEOPLE'S PREDICTIONS. DO YOUR OWN RESEARCH AND DUN CRY BABY HERE OK...HAHAHA!

Posted by MercuryRX > Aug 29, 2014 11:06 AM | Report Abuse

S123445 if u been in BURSA for 25 years mean u LEARN nothing :) dont get mad ...JOKING lol

me just newbies who play in large scale market NASDAQ, NYSE , etc ^^ and a lot things to learn... :)

SINCE U ONLY PLAY NASDAQ, NYSE, WHAT ARE U DOING HERE IN A PENNY STOCK FORUM?? COME HERE TO HOW LIAN IZZIT??

Posted by StoneColdHunter > Aug 29, 2014 09:53 AM | Report Abuse

luoli, Thanks for the comment. Worth to hold?? Any chance to bounce back? Sorry for being a dummy... :(

DEFINITELY IT'S A HOLD. YOU ARE MOE LIKELY TO EARN BIG IF YOU HOLD UNTIL THE RIGHTS ISSUE COMPLETED. IF YOU ARE JUST A SHORT TERM TRADER I HAVE NO ADVICE FOR YOU.

I DO AGREE THAT IF U INTEND TO KEEP LONG TERM AND SUBSCRIBE TO THE RIGHTS ISSUE, YOU SHOULD SELL WARRANTS AND BUY MOTHER. HOWEVER IF YOU KEEP ONLY ONE TWO MONTHS, NO DIFFERENCE ANYWAY.

Posted by StoneColdHunter > Aug 29, 2014 09:44 AM | Report Abuse

What's wrong with Warrant A and B (scratching head)??

THEY GET DILUTED AFTER EX-RIGHTS! THAT'S WHY INVESTORS ARE DUMPING NOW. SEE MY EARLIER EXAMPLE IF MOTHER BEFORE X-RIGHTS 50C, AFTER X-RIGHTS 46.5C. DIFFERENCE 3.5C. SO WARRANTS NOW DROP ADDITIONAL 3C MORE THAN MOTHER IS REASONABLE!

Posted by happytradingz > Aug 29, 2014 09:34 AM | Report Abuse

luoli -I have a good question for you - if you long term investor - then why do you monitor everyday?


HAPPYTRADINGZ - LONG TERM INVESTORS NO NEED TO MONITOR THEIR PORTFOLIO? ARE U KIDDING??? DO U KNOW THAT CMY HAS 3 HUGE MONITOR SCREENS AT HIS DESK THAT MONITOR EVERY BUSINESS ACTIVITY AROUND THE WORLD?? OF COURSE U DO NOT KNOW, OTHERWISE U WOULD NEVER ASK SUCH A STUPID QUESTION...

NO DOUBT THIS IS A KNEE-JERK REACTION DUE TO THE RIGHTS ISSUE. JUST STAY CALM, EVENTUALLY PPL WILL REALISE THIS IS NOT A BAD THING, OTHERWISE TSHS WOULD NOT FORK OUT ADDITIONAL HUNDEREDS OF MILLIONS HIMSELF TO SUBSCRIBE THE RIGHTS.

Posted by simon84 > Aug 29, 2014 09:14 AM | Report Abuse

Where the sumatec supporter ?

SUMA DROP 3C, BIG DEAL!! 2 MONTHS AGO I OREDI LOADED AT 28C, DROP UNTIL 28C THEN U CAN COME BACK HOW LIAN OK....LOL

Posted by Fam Jenny > Aug 28, 2014 10:49 PM | Report Abuse

Alexof... I am surprised you have this narrow mentality.


Dun be surprised, Jenny. All people the same. We want Suma to go up because we own the share. Alex has sold his share. He also wants the share to drop back to 30c level so that he can buy cheap cheap again. He is no difference from MercuryRX, Laughmedie, speculative etc. Frankly if i sold my shares, i would talk it down like there is no tomorrow so that i could buy back again at 15C. LOL

SAY PRICE B4 EX-RIGHTS = 50C, PRICE AFTER EX-RIGHTS = (0.5+0.5+0.4)/3 = 0.465. IF U HAVE 100,000 UNITS SUMA, U PAY RM20,000 TO GET 50,000 UNITS MORE AND 50,000 FREE WARRANT C. SO U WILL HAVE 150,000 UNITS SUMA AT 46.5C PLUS 50,000 WC AT APPROX.40C. IF U DUN WAN THE RIGHTS, RENOUNCE IT AND GIVE IT TO ME! I WANT!!!!

LAUGHDIE U REALLY MAKE ME LAUGH! HAHAHAHA! EVERY DAY YOU ALSO TALK DOWN SUMA AND YET U ONLY CUT TODAY TO GIVE BACK 6 DIGIT PROFIT. SO U ACTUALLY TALK DOWN SUMA SO THAT U COULD SELL THE COUNTER AT A LOSS!!! BRO U ARE SO NOBLE....RESPECT...RESPECT....

Posted by Alexofb2b > Aug 28, 2014 09:37 PM | Report Abuse

speculative ,

My fair value for Suma is only 0.2000, basing on her NTA=0.15000,

TRADE AT YOUR OWN RISK

BRO ALEX, 2 MONTHS AGO WHEN SUMA WAS AROUND 0.35 YOU TOLD ME YOU COULD MAKAN THE MILLION MILLION LOT IF NEEDED. SUDDENLY NOW YOUR FAIR VALUE IS ONLY 0.20. THAT TIME U DUN KNOW THE FAIR VALUE???

Posted by ufis > Aug 28, 2014 09:44 PM | Report Abuse

MPay is the next superstar, the flavor of september, forget suma for a while. the beneficiary of the tourist refund scheme, positively impacting 5 times its revenue...BUY BUY BUY......its gonna shoot thru the roof...

BRO THIS IS SUMA FORUM....CAN PROMOTE MPAY IN MPAY FORUM LAH....

STESEN MINYAK 6M PROFIT A MONTH....I D I O T (MERCURYRX)

PROFIT 22M A YEAR...SO Q3=4M AND Q4=7M... S U P E R... I D I O T (FORGOT WHAT NAME)

3.4B + 1.7B = 6 BILLION SHARES ... MATHS KOYAK...S U P E R...D U P E R ... I D I O T (LAUGHDIEME)


HAHAHAHHAHAHAHAHAHAHA!!!!

CAKARAYAM: I DUN THINK SO...LAUGHDIE ITU PENGECUT, DROP 17C ALSO NO GUTS TO BUY ONE! HE JUST CAME HERE TO SHIOK SENDIRI, SO WE HEPI HEPI TAKA TAKA WITH HIM LOR....LOL

LAUGHDIE JUST A CLOWN SHIOK SENDIRI...NO NEED TO PAY SO MUCH ATTENTION TO THE CLOWN LAH...JUST IMAGINE YOURSELF GOING TO THE CIRCUS, WATCH THE CLOWNS AND LAUGH TILL U DIE....HAHAHA!!!

LET ME PREDICT ALSO. TOMOLO OPEN 44C, BEFORE 12.30PM 40C. ALL DOOMSDAY PREACHERS GO ALL OUT SHOUTING 'I TOLD U SO!'. ALL DOOMSDAYERS SO HAPPY NOT BCOZ THEY EARN MONEY BUT FOR THEIR SELF EGO OR CO-CALLED SHIOK SENDIRI! LOL

AFTERNOON SESSION SUDDENLY SUMA REVERSING THE TREND, GOING UP TO 50C, THEN 60C, THEN 70C AND FINALLY AT 4.3OPM LIMIT UP 79C!!! ALL DOOMSDAYERS FEEL LIKE JUMPING FROM PETRONAS TOWERS! HAHAHA! JUST KIDDING, PLEASE DUN MARAH YA...

MY GOSH, SOMEBODY HERE JUST EXTRAPOLATED SUMA'S PROFIT TO 22M THIS YEAR!! ARE U STILL STUDYING PRIMARY SCHOOL STANDARD 6??? EVEN ME DUN NEED TO BE AN ACCOUNTANT TO KNOW WE ARE INVESTING IN FUTURE EARNINGS & FUTURE PE!! IF U HAVE NO FAITH IN SUMA, JUST SELL AND LEAVE!! LET'S SEE IF U WILL BANG YOUR HEAD ON THE WALL IN ONE MONTH'S TIME. HAHA!!

TSHS GOT 700M SHARES NOT WORRIED, CMY GOT 218M SHARES NOT WORRIED, I GOT 1.1M SHARES ALSO NOT WORRIED. HANTU GOT ZERO SHARE SO WORRIED, KEEP ASKING ME TO SELL MY SHARES....我卖不卖关你屁事啊？LOL

WHILE U GUYS BISING BISING I PICKED UP ADDITIONAL 100K WA AT 0.435. TOMOLO BECOME CONTRA GAIN. HAHAHA

DROP HALF SEN ALSO BISING BISING. LAST WEEK DROP 17SEN ALSO I BO HEW. WE ARE LONG TERM INVESTORS WITH TP ABOVE RM1.00 NEXT YEAR.

CONFIRMED PDTS IN OPERATIONS AGAIN. I WILL QUEUE TO BUY AGAIN AT LOWER PRICE. BEFORE END OF THE DAY THEY WILL NEED TO COVER THEIR POSITIONS AND PUSH UP THE PRICE.

TSHS IS A CHARTERED ACCOUNTANT, CMY IS ALSO A CHARTERED ACCOUNTANT!! THE QUARTER REPORTS WILL BE MADE SUI SUI ONE...PICK YOUR TARGET PRICE NOW!!!

RICHINVEST: RELAX BRO, THESE PEOPLE ARE JUST OPPORTUNISTS. THEY NEVER OWN THE STOCK. THEY JUST WANT TO BUY THE SUMA CHEAP CHEAP. WE CALL THEM "CHEAPO"! CHEAPO WILL NEVER MAKE BIG MONEY IN THE STOCK MARKET...

THANKS FOR HAVING SO MUCH INTEREST IN ME...

BUT REALLY....THIS IS A BUSINESS FORUM. FOR SOCIAL PLS GO TO FACEBOOK

OZZIE75: LOL

CORRECTION:

4: THOSE WITH NOTHING BETTER TO DO. JUT WANT TO KPKB HERE. LOL

WHO ARE THE DOOMSDAY PEOPLE IN SUMATEC FORUM?

1. THOSE WHO MISS THE BOAT. WANT TO BUY BUT SCARED COZ THINKING THE PRICE TOO HIGH. SHOUT A BIT HERE HOPING THE PRICE TO GO DOWN SO HAVE CHANCE TO BUY.

2. THOSE WHO SOLD EARLIER AT CHEAPER PRICE. HOPE TO RE-ENTER AT A CHEAPER PRICE SO ALSO SHOUT A LITTLE.

3. THOSE WITH NO MONEY TO BUY. CANNOT TAHAN OTHER PEOPLE MAKE MONEY. HOPE THE PRICE GO DOWN TO INFLATE HIS EGO 'I TOLD U SO!'

4. THOSE WITH NOTHING TO DO. JUST WANT TO KBKB HERE AND THERE.

WHICH CATEGORY U BELONG TO?

TP 0.55 TODAY!!!! JUST WAIT FOR THE BIG PUSHHHHHH IN THE AFTERNOON!!!

WINDCOUD1 :I ALSO KNOW AFFIN BANK NOW HAVE THE BEST FD PROMO 4.05% IN MALAYSIA FOR 15 MONTHS. THOSE WITH SCARED MENTALITY CAN PUT YOUR MONEY THERE. SAFE AND SOUND!!! LOL