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2014-07-23 08:35 | Report Abuse
Need a big name...if few unknown millionaires the price impact not there
2014-07-23 08:21 | Report Abuse
that's what chairman say in AR...not too distant future...
2014-07-22 14:41 | Report Abuse
look at this counter and Censof...both IT company...this one PER about 5-8...Censof about 30++ if I remember correctly....
revenue wise EAH win also
profit wise more or less the same...
so this would be a good BUY now...
catalyst for price movement: more GLC contracts and M&A
2014-07-22 14:28 | Report Abuse
ozzie75 @ cscsam: Isn't the Middle East chaotic, alike that of Kazakhstan, if not worse?
yes...Mid East is chaotic...Kazak is less so....
look at Saudi...sitting in hot zone...and one of the richest kingdom in this world...if there's oil...the big guns will stand and support u
2014-07-22 14:25 | Report Abuse
Nallayak Profit projection may be good but have they got the cashflow to sustain their acquisition and operation
this is good question...
once they derive a steady income stream from ramp up...part of income ...say 40-50% (typical) can be used for re-investment...their net gearing is 0 now...borrowing from banks is another option...go look at how much SKPetro is gearing...but now the focus is ramp-up...
so now the option is issuance of new shares...for example for new asset purchase
2014-07-22 14:17 | Report Abuse
ngengat77 ramp up Raku prod fr 200 to 6000-8000?? like open tap water mehh??? zzzzz
obviously u didn't look at their ramp up plan....
yes, like open water tap if u compare today and mid/end nexy year...but day to day...hard operational work
2014-07-22 11:24 | Report Abuse
next year they will ramp Raku field from 200bpd to 6000-8000bpd...this means the revenue and most likely profit will up proportionately...3x-4x...
so next year...forward punya forwared PER...you will be taling about TP of RM2 and above...
2014-07-22 11:22 | Report Abuse
macam macam target price RM1 ada...RM1.80 from stonenut ...RM220.20..RM0.35....my 2 sen worth...
sekarang more or less profit is RM69million...this exclude the gas deal...
gas deal they get USD15million per year...say about RM47million...
Buzachi field boleh masuk USD1 million lagi...about RM3.1 million...
total profit for this year = 69+45+3 = RM117million...not bad for a company which still in PN17 officially..
this mean Earning Per share round about RM0.039
in an E&P oil and gas...one normally pays until 20X...its higher than the average O&G of 15-18X coz we are looking at forward PER...
so TP can be RM0.78
2014-07-22 11:09 | Report Abuse
people say PP will cause price down...you sure?
now if you are rich one with deep pocket (well known)...an investment bank Mercury Securities approach you to sell you 10% of company XXX shares at a discount...the investment bank tell you the high potential growth of XXX and you look at the growth plan and the management and board of directors...you have absolute confidence in them...so decide...yes...I want this 10%...
now the ikan bilis (i3 forummers for example)...if you here this well known XXX is subscribing 10% into this company....would you follow or leave and look for other counters...
previous example: Yinson...THHeavy...Alam...
2014-07-22 10:54 | Report Abuse
wait and see who comes on board from the PP now that Bursa has given green light
2014-07-22 10:51 | Report Abuse
looks like no rights...just issuance of shares to Karaturun asset owners
2014-07-21 23:16 | Report Abuse
PP won't cause share price down...on contrary....if Quek or Amanda or Mokhzani subscribe to PP.....retailers will follow like crazy...
Key now is who will subscribe to the PP...
2014-07-21 11:16 | Report Abuse
the last rights was "only" RM0.175....
imagine if they price it wisely...for sure the stocks will be very attractive
2014-07-21 11:15 | Report Abuse
people buying to position themselves for the rights issue...
2014-07-20 22:28 | Report Abuse
Resistance at 0.45....if break 0.45 then will march to 0.50
2014-07-19 19:55 | Report Abuse
Sumatec bukan NOC...national oil company...itu Petronas..
Tapi dial ialah IOC....largest IOC...INDEPENDENT oil company (their vision)
2014-07-19 19:54 | Report Abuse
Biasalah...before buy 23¢
After buy 180¢
2014-07-18 13:17 | Report Abuse
collapse wont lah...Norges has bought tons of it...
Norges is not stupid
2014-07-18 13:11 | Report Abuse
besok pi baca edge...pls support the edge
2014-07-18 12:26 | Report Abuse
more on SUMA in this weekends Edge....expansion plans outside Kazak
2014-07-18 09:32 | Report Abuse
JANAGN TUNGGGUUUUUU!!!!!!!!!!
2014-07-18 09:32 | Report Abuse
GO BUY SUMATEC...THEN STAURDAY GO BUY THE EDGE WEEKEND...YOU WONT REGRET
2014-07-18 09:11 | Report Abuse
private placement + rights => Karaturun field + 1 more
2014-07-18 09:10 | Report Abuse
Posted by prc4wifefe > Jul 18, 2014 09:05 AM | Report Abuse X
there's an article about Sumatec in the edge weekend...go read it!!
Star is just short news...
The Edge says they are expanding beyond Kazak
2014-07-18 09:05 | Report Abuse
there's an article about Sumatec in the edge weekend...go read it!!
2014-07-18 08:40 | Report Abuse
first 1-2 hrs all contra kakis will dump for fear of market drop
2014-07-16 16:16 | Report Abuse
Posted by Hearsay > Jul 16, 2014 04:11 PM | Report Abuse
If 2morrow briefing is expecting to be "GOOD",
how to find info there's an anounceent besok...or hearsay only? :-)
2014-07-15 13:44 | Report Abuse
If sell high by CFO...name tarnished..bigger bounty will come later
2014-07-15 13:43 | Report Abuse
yes, there's vacancy...but you need to be director there to get this sort of allocation...
else they give you 10,000 shares at most
2014-07-15 12:48 | Report Abuse
what are the price catalyst coming for SUMA??
>>2000bpd --> 6000bpd at Raku field + Borneo production ramp
>>gas field development to production
>>private placement
>>exit PN17
>>institutional or foreign fund buy
all these medium to long term...
short term...depend on goreng
2014-07-15 11:13 | Report Abuse
BTW, ESOS shares are not given free to employees...they are given with a slight discount based on weighted average moving price...
so the report in Star that CFO made 6 million is really misleading...
2014-07-15 11:04 | Report Abuse
good point from SK Lee..
imagine if reported Roshida sell at 0.42....now to the public is CFO is profiteering from privilege info..
2014-07-15 10:02 | Report Abuse
saw another article say Cliq not involved...alamak...
2014-07-15 09:43 | Report Abuse
yes, BIG QA coming...my speculation only ya...
end June suppose to annual report and issue call for AGM...looks like this will not happen..
as tings are I wou;ld think EGM comes first...
one of their director is ex-ROC Oil guy...so I believ this is good time to buy
2014-07-14 14:54 | Report Abuse
what are the equivalent companies trading at...the PER?
2014-07-14 11:03 | Report Abuse
profit without gas : 69,000,000
profit for gas only : USD15 million per year...pro rate to USD11.75 million for FY14..about RM 35,250,000
total profit: RM$104,250,000
forward EPS : RM 0.033
PER at a decent x18 = RM0.60
THIS EXCLUDES THE INCOME FROM BORNEO OIL FIELD....
2014-07-14 09:42 | Report Abuse
public buy not so much power
2014-07-14 09:40 | Report Abuse
so many I TOLD U SO come out...sheeshhh
2014-07-14 09:24 | Report Abuse
LETS SAY 50% THEY BOUGHT LAST WEEK...IT WAS ONLY 150MILLION SHARES 0.04% OF TOTAL SHARES!!!
2014-07-14 09:23 | Report Abuse
ITS THE INSTITUTIONAL FUNDS BUYING
2014-07-14 08:52 | Report Abuse
have to admire stonenut...one man against a unstoppable bull...
but still a nut!!!
2014-07-11 20:01 | Report Abuse
@eric tan Sri Datok dr Dreamhunter buy....I pun buy....they just completed rights issue....I expect 3-4 months down the road will be M&A.....woohoooo!!
Stock: [EAH]: EA HOLDINGS BERHAD
2014-07-23 08:41 | Report Abuse
Next price catalysts...end August....