:)

before/by 28 feb 2017.

Posted by JoshuaMS7 > Feb 17, 2017 10:22 AM | Report Abuse

when the sumatec report will be out? next friday? any idea?

zippp.....shhhh...

Congrats on your gain, Calvin

Abang..:)

strategisst Plenty of room...

16/02/2017 13:30

:) Shhhhhhh........

:) chill.

@Leoleo: Bro, they did through their announcement. Basically they swung to the Court to hear and decide. Take it easy.

Leoleo Jan 5th received deman for loan obligation 75m. 20 days already passed. Sumatec management can you kindly update us on the issue? What is the status now management ala kerja ge tidak.?

13/02/2017 12:54

Since when qtr results are audited?

Equity101 Q4 report take soo long to audit.

10/02/2017 15:49

Bro, let's observe.

nomanland possibility they will recreate history again. Very possible since oil price is on the bull and .......

10/02/2017 14:03

:) hm..hm..hm..

1. Recently, new guy was hired. That guy and Sumatec may have something up in their sleeve - and beneath their crotch too. :)

2. Remember that last quarter about the profit I was asking. Somewhere in the QR, the revenue is from fart gas! - Sounds 'good' :)

3. Fart gas price is doing good lately. - smells 'good' :)

4. This coming QR, I expect the sales and profit will be higher. - I expect it to be another profitable qtr

5. 2 vessels and 72m, as stated, will pay. - think the news is part of 'their game'.

6. Now wait for the court to decide pay or not or let the other party sue or claim from HL first. - think the news is part of 'their game'

7. RI = 0.140, to have subscribers, share price has to go higher than 0.140. If not, Sumatec has to eat it - okie. :)

Bro, approx. 2 weeks more to qtr announcement. In between there is the court hearing for the alleged employee winding up petition case on 23.02.17. :)

nomanland Now, for that particular "talk", possible another announcement of production progress(new rigs or whatever) to support that target of 3500 barrels per day.

I am expecting the announcement. When? Only God knows when.

10/02/2017 12:06

Yes. :)

Posted by strategisst > Feb 8, 2017 08:29 PM | Report Abuse

@FX Lee , just ignore the noise...enjoy the ride..

Good morning, folks. Have a good break today. :)

@nomanland & Leoleo: Gong Xi Fa Cai. :)

If the oil price is not in tune, Aramco how to IPO? :)

Leoleo As long as Saudi's strategy of cut production to prop up oil price still intact. Oil will go back 100 usd..kikikiki. Olang mau make Aramco IPO on 2018 la... Olang mau jual high high pinya ipo price la.. aiyoyo

08/02/2017 12:50

Naughty boy..:)

Leoleo aiyoyo mr roy sula kenyang lor sula satisfied ? kikiki

26/01/2017 11:59

Come, exclusively for you:

https://i.ytimg.com/vi/9jstNuIgr3g/hqdefault.jpg

http://3.bp.blogspot.com/_4kaJOirO5eU/TI0BURDiTcI/AAAAAAAACos/CwOcFRv-o84/s1600/40454_122061477842651_100001163995472_114838_7604701_n.jpg

http://1.bp.blogspot.com/_0oKXnAtjZns/TLChXZ-5yBI/AAAAAAAAA8A/MNn7-rigZAE/s1600/gangguan+seksual.jpg

http://pbs.twimg.com/media/BFDfyiwCQAAaSk0.jpg:large


MrRoy Sacrifice should only be 'ladies' yah to be valid..

26/01/2017 10:14

26/01/2017 11:43

Exactly.

Posted by traderman > Jan 23, 2017 11:41 AM | Report Abuse

please be mature, fx lee just say his buy price, he no ask people to follow. this is free forum.

Trump US PM? Haha..good try, my friend..or President?

Haha if morning doji star for weekly...it should be...9.5 or 10 sen for TP...maybe when the crude oil going green back....but tomorrow...Trump will be US PM for officially..

19/01/2017 20:09

@nomanland: Bro, commoditty forward contracts are derivative assets and separately disclosed in a separate note in the audited financial statements, which I dont think there is any in the financial statements of sumatec. Thanks to Google for teaching me this layman. :)

Oh oh.....how "arm's length"? We don't know, yeah? Aiyoyo. :)

strategisst @ozzie75...related parties transaction is the one that we should be wary and worried about....may ended up Sumatec got nothing...the balloon is too big and once burst that it...aiyoyo

19/01/2017 15:05

Abang, their trade receivables are exceptional, as there is a related party credit term of 'not repayable within 12 months' under the 2012 Joint Investment Agreement with Markmore who I believe is the actual transacting party and immediate recipient of whatever sales proceeds from the minyak/gas end products from the oil & gas field(s). In short, money flows into Markmore who have the immediate access to the funds, and Sumatec gets paid....hmm...12 months later...or more.


strategisst @nomanland...bro, Account Receivables is just like "You owe Me"... 1. Are they collectables? 2. Who are they? 3. How long they owe you ie aging factors (if more than 6 months considered burnt already)....very suspicious bro....

You call them ghost story tellers. :)

FX Lee usually those no holding any share will keep on saying sell down

16/01/2017 10:57

Actually i find MrRoy having his unique sense of humor. hey, dude, this is a free forum. Nothing to be sorry about. Have a wonderful weekend.

Good night, folks. And have a good weekend.

leoleo: it is all up to negotiation now. Take it easy

Leoleo: sumatec is like telling Bursa: Hey, look...they are coming to squeeze my bxlls after they failed to squeeze others. :)

@leoleo: the 2 announcements are 2 separate issues, one being an alleged former employee invoking further recourse under the Companies Act, section 218 if i am not mistaken.

2nd issue is further details furbished by the Company on the recent notice of termination and demand, in response to Bursa request.

Timing of the announcements...hmmm...doesnt seem natural. My 1 sen worth.

From 0.14 to 0.1 or your 0.1 to 0.04?

Equity101 looks like par value will reduce from 0.1 to 0.04. investor expected to received share bonus.
but if playing game theory like nash equalibrium.

Profound. :)

gcke Such highly speculative stocks only for those who have the time to monitor the price trend and movement at regular intervals.Sudden price reversal towards the lower price can just happen within a short time.Normally,big syndicate are behind such market moves.Especailly those high beta shares(high Volatility).By all means invest but do know the risk profile of the counters that you are buying.
Take care.

13/01/2017 10:49

he...he...he...

FX Lee omg i was trapped below 30c, omg , i am dying....

12/01/2017 12:23

Why good ah? :)

Equity101 Good company with discount price. I love it.

12/01/2017 11:25

Pump And Dump. :)

nomanland @bro ozzie75. Hope you know the meaning "push and dump". Please be careful.

12/01/2017 11:08

Abang Strategisst and FX Lee: :)

Old timer?

@cashflow: i am ok. Hope things are good for you too. :)

Have a good weekend, folks.

Aiyoooo...dragon...

Never fall in love with any counter.

Posted by dragonslayer > Jan 6, 2017 04:32 PM | Report Abuse

Aiyo Nomanland...not interested in suma liao...2017 want fast and furious movie...tunggu CIO/CFA kasi recommend lah....aiyoyo...ki ki ki

Bro, FA is not all about profit, and more than just profit, and the manner and origin of the reported profit.

Leoleo Hibisc last quarter result 80 m profit , still no FA ?

strategisst Sumatec/Hibiscus ...to me currently pure o&g price sentiment...based on FA really koyak...very poor and scary their accounts and numbers...be careful with your trading...

06/01/2017 15:40

06/01/2017 15:45

Abang, I don't think people actually look into and digest the numbers in totality...and not forgetting the cash flow statement. he...he...oops. :)

strategisst Sumatec/Hibiscus ...to me currently pure o&g price sentiment...based on FA really koyak...very poor and scary their accounts and numbers...be careful with your trading...

06/01/2017 15:26

Abang, terima kasih. :)

strategisst Just sharing with all of you...if you are looking for good fundamental stocks...buy and keep vis and rock....good FA...same like last year awc and jhm... just my humble opinion...

06/01/2017 12:33

Bro, take it easy.

Posted by Leoleo > Jan 6, 2017 11:16 AM | Report Abuse

ozzie , those info they post are old info. i am so sick of this type of person . when they sold the share , they become har kar yin . waiting lower price to buy back.

Bro, it is good to have an overall balanced view. Sometimes, need not necessarily be bad, fake, false etc. :)

Posted by Leoleo > Jan 6, 2017 10:59 AM | Report Abuse

someone didnt manage to eat sweet grapes lor..now ciakap itu grapes yang kita makan is sour one....kakakaka

Keep going, abcb. :)

Posted by abcb > Jan 6, 2017 10:56 AM | Report Abuse

Description: Sumatec Resources Berhad
1) Proposed Par Value Reduction
2) Proposed Rights issue with Warrants
3) Proposed IASC; And
5) Proposed Amendment
This is the third times the company asking money from shareholders again and again
Do you like it?

No money? Really? Or..?

Posted by Vick > Jan 6, 2017 10:51 AM | Report Abuse

abcd u know why sumatec got profit but no money? coz halim no money paid back sumatec. up up up ppl need think think. haha

What is the main reason for these 2 pointers that you had raised, abcb? :)


abcb Sumatec cash and bank balances only hold RM1.533 million and deposit with licensed bank only RM230 thousand as at 30 sept 2016
Very weak in cash flow

06/01/2017 10:45

abcb Sumatec non-current assets for trade and other receivables RM 247.919 million
Current assets trade and other receivables RM188.082 million
Very high trade receivables.Very high risk to invest this type of company

06/01/2017 10:37

@Leoleo: maybe that someone..the hard-core fan since 2014...might switch camp to Vick for the RM 1 prophecy. :)

Leoleo ozzie now vick sula lay body lor...now must sound bullish lor. tp 10rm...soon. wakaka

05/01/2017 10:29

Really?

Confirmed?

Sure?

Never bluff?

Posted by Vick > Jan 5, 2017 10:13 AM | Report Abuse

target rm1

Where's Captain? :)

derrickinvestor where is mama noraini.... without her... suma hardly can goes up 0.60....

04/01/2017 15:30