hahaha. Doubt so.

Posted by nomanland > Mar 1, 2017 12:26 PM | Report Abuse

just to make sure Halim read the i3investor forum.

Wah......bro......external auditors must thank you for this.....a significant related party influencing the 'design' of the financials....Grant Thornton, am I right? aiyoyoyo..

Another possibility, Halim cut cost. D.I.Y. his own account since he is an accountant. he he

01/03/2017 12:13

Oh no...am I inferring that the candidate resigned shortly after you called and before the announcement could be made? Or could it be you hear wrongly as 'already hired' instead it could have been 'already fired'?

nomanland @ozzie75, last year I called Sumatec, they said, "already hired" (that was 2016)
Now, not sure.

01/03/2017 11:32

@nomanland: Now we know the indicative "level" of NZ chartered accountant(s)....

Halim, you are a joke. Your listed company without a CFO and not even a financial controller?

Have a look at the employee benefits expenses against the revenue for the last few quarters of the financial year of 2016. Fairly consistent observation. Their line of business is foreseeably human capital intensive, and as Ironshirt had put it..exclude the Bangla and Calvin bashing elements, they have to pay right to have the right people to drive the business forward, isn't it?

63333336 wow, employee expenses so high, 11million, nearly half of the revenue.

01/03/2017 08:10

@Calvin: Thanks for the note. Hope all's well for you. Cheers.

Good morning, folks.

@Leoleo: Take it easy, alike what nomanland said.

http://www.thestar.com.my/business/business-news/2017/02/28/saudi-arabia-wants-oil-prices-to-rise-to-around-us$60-in-2017/

Have a good evening, folks

DH: The vessels have a 'passage of time' downside. :)

Good morning, folks

Have a good evening, folks

Just temporal fluctuation.

Haha crude oil up...

27/02/2017 16:38

No offence, Calvin. I don't think that is going to happen for MUIIND.

Joke of the day. he...he...

bunuhsateman KY & OBB said IFCA going to hit 3.50 soon... please continue SUPPORT !!!

27/02/2017 11:45

Have a good weekend, folks

Bro, I think they plucked from somewhere for show only.

nomanland Another issue which I am puzzling now is the yesterday Star newspaper.
That photo, the on going construction at the Caspian sea.

24/02/2017 12:51

:) Need more participants like you.

lkang we are just sharing. use your own wisdom
everyone has the right to voice his opinion as long as
he meant for good.

24/02/2017 11:57

shhhh....

Good morning, Leoleo & folks

Bursa query shed further light on the Shelly field concession's remaining access duration. At this stage it is not definite that Sumatec could extract 'fart gas' (proprietary term of nomanland :) till 2025.

Leoleo Good morning ozzie and folks

24/02/2017 09:49

@Leoleo: Take it easy. :)

Pluck from sky..

char1234 3.50...how u calculate that ?

24/02/2017 07:41

Hasan Marican?....PETRONAS? :) hahaha...

nomanland @Leoleo, hard to say. That person cannot be from Sumatec. If it is true, price will drop further. If that shareholder(s) is(are) from O&G world, Sumatec can be easily overdose with blue pills.

23/02/2017 11:50

80 mio cash injection is considerable. :)

nomanland @ozzie75, someone will have 25% ownership of sumatec if that happen. Just cross our fingers the shareholders is from an O&G world.

23/02/2017 11:40

:) Shhhhhh...

@nomanland:

Extract from the Star:

"On Monday, Sumatec proposed to undertake a private placement of up to one billion new shares to an independent third party to be identified, with estimated proceeds of RM80mil"

:)

:)

Really?

Sure?

Confirmed?

JoshuaMS7 Guys oil price breaking 60 anytime soon! All oil counters will flying soon!

23/02/2017 05:50

@leoleo: just sit back and wait to see the coming QR. Take it easy.

ok ok....sorry..:) shhh.....

@leoleo: maybe..:) But I think the loan facility is still intact.

And your point is? :)

Leoleo meaning the money is not yet credited to sumatec account ? u see this new ri...they planning to raise fund over 400 m... about the same amount with EXIM bank loan

I don't think they have utilise the loan facility to-date.

Leoleo any idea where the EXIM bank loan ? cancelled ?

22/02/2017 13:10

Abang: Mainboard market cap requirement is 500m?

Oooyeah.

Trip to Kazak. Afg have ISIS catching and chopping peoples' heads, not wise to go. :)

Happy for you, my friend. May the new year of 2017 be one that you scale greater heights and bound. I am of good faith that you will. :)

Read your handout. insightful. Let's watch in progression. :)

Posted by 稻田·* 粒粒芳香 > Feb 21, 2017 06:54 PM | Report Abuse

Ozzie75,

how ur trip to Afg?

I am doing well... business very rapid growth..... 9 months results ad exceed full financial target...... very robust ...

if U read my handout last year I mentioned Econ Cycle propose Econ recover since last july 2016.... believe it or not we shall see

http://www.cnbc.com/2017/02/21/opec-aims-for-higher-compliance-sees-2017-stock-fall.html

稻田·* 粒粒芳香...
朋友, 一切还好? 别来无恙吧? :)

:) aiyoyo...shhhh.....

Good morning, folks. Take it easy.

Ah......so...no contra, ok? :)

https://www.bloomberg.com/news/articles/2017-02-20/opec-wins-investors-back-as-cuts-prompt-record-bets-on-oil-rise

Why ah? :)

Posted by FX Lee > Feb 20, 2017 10:23 AM | Report Abuse

newbie please go other stocks, thanks

>> Current trade & other receivables - 188m
>> Non-current trade & other receivables - 247m
TOTAL: 435m

*Utilisation of PP proceeds for working capital (20m) & investment fund under investment agreement (50m) - 70m
*Payment to contractors for development & production services - 800m shares @ (assumed) 0.10 - est. 80m

Total * - 150m

Wouldn't twitching the related party credit term and accelerating the payment of trade receivables to Sumatec resolve the funding requirements for Items *? and cost savings of 10m for the Phase 1 Proposal costs (est)? Aiyoo...Halim...

:)

Concession is right to use and not ownership of oil and gas field. :)

Only a framework agreement. :) talk only.

:) hee..hee..hee..

no cfo in place. :)