Though of the Day:

Rich Dad: 'how can I capitalise it?'
Poor Dad: 'I don't have capital'.

Happy weekend everyone!
Rich Dad: Money don't grow om tree.

Background of the Taker of Suma's Kazakhstan methanol product (not methonal):

http://www.petronaschemicals.com/about.html

It will be another stagnant week. Need another week for TMSB to dispose their remaining shares before the train start to head North. Those who yet to get their tickets or want to buy extra low fares better think twice. Lagu: Jangan tunggu lama lama, nanti diambil orang.

Happy Investing Everyone!

@pazzoll most welcome.

Hope everyone make a well informed decision.

Happy Investing Everyone!
Rich Dad: Money don't grow on tree.

LATEST NEW UPDATES!


NEW SUMATEC SHARES MOVERS IN NOVEMBER!
=========================================

[Source: Based on Prospectus & Bursa Announcement]

Old Sumatec’s major/largest shareholder, Tekad Mulia Sdn Bhd (“TMSB”) is owned by Chan Yok Peng (“CYP”) and Wan Kamaruddin Bin Dato’ Biji Sura (“WK”). Any announcement on share movement for CYP and WK are also reported under TMSB. Therefore, only refer to Bursa announcement under TMSB to avoid double counting.


TMSB’s Shareholding upon Right Issue:-
Before Right: 57.8 mil.
Issuance: 95.0 mil.
Right Shares: 626.5 mil.
After Right: 789.5 mil.
Remark:
(a) TMSB had fork out RM109.6 mil to exercise their Right shares of 626.5 mil.
(b) Owned free WB of 156.6 million from Right issue.


TMSB’s shares disposal in November:-
On 21 Nov: 449.95 mil mother @ RM0.298 = RM134.1 mil. (Married Deal)
On 21 Nov: 48.57 mil WB @ RM0.188 = RM9.1 mil. (Married Deal)
On 25 Nov: 40.0 mil mother @ RM0.315 = RM12.6 mil. (Disposed)
On 27 Nov: 2.0 mil WB @ RM0.255 = RM0.5 mil. (Disposed)
On 28 Nov: 1.95 mil WB @ RM0.251 = RM0.5 mil. (Disposed)
Remark:
(a) Total sales value of both mother and WB todate is RM156.8 mil.
(b) Total mother share sold is 489.95 mil and the balance is 299.55 mil (tally with Bursa balance). The remaining stake is only 9.71% compared to 26.97% before right issue.
(c) Total WB sold is 52.52 mil and the balance is 104.1 mil (tally with Bursa balance).


QUESTIONS TO PONDER (over the weekend):
=====================================
(1) For the past over 7 years, Old Suma had been in red or reporting losses. Assuming TMSB needs to borrow RM109.6 million to fund their Right entitlements, the Married Deal disposal of 449.95 million mother shares on 21 Nov amounting to RM134.1 mil should be more than sufficient to pay off this bridging loan. Why TMSB continues to dispose their shares including WB?
(2) Assuming the old shareholders of Old Suma owed a lot of money to creditors, the Married Deal disposal of mother and WB on 21 Nov should be still sufficient. But why Direct disposed start from 25 Nov?
(3) Why the Old Suma shareholders reduced their shareholding significantly from 26.97% to 9.71% now? Now TMSB is minority shareholder! Could the whole disposal event is the agreed deal for old owner to dispose their listed entity to Tan Sri HS as his new Listed Flagship?
(4) Who is the friendly buyer(s) under the Married Deal (‘suka sama suka’) on 21 Nov?
(5) Will TMSB continue to disposed their remaining shares or dispose ALL in December? Based on this week trading volume, TMSB remaining shares can be easily dispose off in just a week time.
(6) The “Regularisation Plan” is completed and now only left with “Business Turnaround Plan (BTP)”. The whole BTP is focus on oil field development wholly owned by Tan Sri HS’s Markmore Energy. Will Tan Sri HS turn out to be the largest shareholder in New Suma this December? Will he be appointed on the Board of Director in Dec and old directors to resign soon?
(7) Tan Sri HS is Sumatec “White Knight”?



Happy Investing Everyone!
Rich Dad: Money don’t grow on tree.

@john29 I heard your call. Still analysing the announcement and will update soon ..

Last Updates of November
≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1479433


This are the "Ceiling Walls" for the past few days!

Why would they disposed?

Once they hv collected enough around 0.30 level, they will release the wall build at 0.305 level. then u will see the train start heading north again...

Thought of the Day:

The mgmt control over 70% of new Suma and only around 30% in public hand or getting less as look like someone is mopping up the shares daily for long term prospect of the only upstream O&G listed on Bursa.

The new mgmt has bigger stake and should be more worry than us and will make sure New Suma must success. To make sure turnaround, debt free, generate profits, exit PN17...


Happy Investing Everyone!

Repeat Hot News!

http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=193962:halim-saads-markmore-and-petronas-in-kazakh-deal?&Itemid=3


New Sumatec is a nearly 1 Billion Market Cap Bursa listed now!

New Sumatec Latest Updates above!
======================================


Production -> Supply -> Demand -> Payment


The taker for Suma oil is Petronas Chemical Bhd!
The demand risk is cleared and more importantly the buyer is national oil company where payment risk is also mitigated. The Demand gap and Payment risk are cleared!

Sumatec new mgmt team are very experience, capable, careful, visionary, have good connection in O&G!

The turnaround plan to EXIT PN17 is progressing very well!



Happy Investing Everyone!
Rich Dad: Money don't grow on tree.

Kalau tak dpt nasi bryani gam, nasi lemak antarabangsa pun syukurlah.

Get set New Suma, readyyy, goooooooo!

New Suma:

Upside potential > downside risk!

Kak @Noraini sudah lama kita tak makan nasi bryani gum. Minggu depan, jom makan!

Thought of the day.
=====================


"Is better to apply TA combine with fundamental analysis of the stock that we invest. If the TA fail or not accurate in predicting the future price, we still can fallback on the fundamental of the company".

e.g.
DSCSOL price heavily down today, is there fundamental to support it? If yes, still got hope.to recover later but if no fundamental have make painfull decision to cut loss and preserve capital for other stock to recover.
Patimas price 0.005 only? To be delisted soon. Deferred temporary only.
Sumatec price now? TA good for swing traders. Fundamental is getting solid. Any negative news? Can only find more +ve news and hardly -ve. FUNDAMENTAL is solid!



Happy investing everyone!
Rich Dad: Money don't grow on tree.

LATEST UPDATES!
=======================

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1473209

Old Sumatec substantial shareholders (through Tekad Mulia Sdn Bhd) disposed its substantial stake by way of Married Deal ('suka sama suka') to friendly party. Who is this friendly party, the name not disclosed in Bursa announcement?


Points to Ponder:
(1) After the regularization plan/right issue, Tan Sri HS only own around 25% in New Suma. Old Suma management/shareholders still the substantial shareholders.
(2) Earlier announcement, Tan Sri HS plan to inject his oil field own by his flagship Markmore into new Suma.
(3) Could the Married Deal is part of the plan to increase his stake in New Suma so that he has more Control and Benefit in New Suma before he decides to inject this Jewel oil field?
(4) So far, no official announcement of TS HS on the Board of New Suma yet. Is Tan Sri HS in the process of making New Suma his new flagship company listed on Bursa Msia?



Happy Investing Everyone!
Rich Dad: money don't grow on tree.

UPDATES.

http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=192531:shares-in-halim-saads-sumatec-rise-on-talk-of-deal-with-markmore&Itemid=3

Tan Sri Halim Saad will make Major Announcement this month. Only 4 trading days left for this month! Stay tune. ....


Happy investing everyone!

UPDATES:
==========


He has injected his flagship Markmore upstream O&G biz into New Sumatec and will make sure this Listed flagship company success!

The Facts:
New Sumatec is the ONLY "Flagship" Company for Tan Sri Halim Saad listed on Bursa.



Happy Investing Everyone!
Rich Dad: Money don't grow on tree.

LATEST NEWS UPDATES! - Sumatec shares get Markmore boost
=============================================================


http://www.btimes.com.my/Current_News/BTIMES/articles/20131125233600/Article/index_html#


KUALA LUMPUR: Tan Sri Halim Saad’s Sumatec Resources Bhd shares saw brisk trading yesterday on increased expectations that the tycoon’s privately-held Markmore Sdn Bhd is on the verge of making a major announcement this month.

Some 227 million Sumatec shares exchanged hands, with buying interest helping the stock inch up by 1.5 sen to 33 sen. It was the most actively traded counter, contributing to more than 10 per cent of Bursa Malaysia’s total share volume of 1.74 billion.

Halim, corporate Malaysia’s tzar of the 1990s, had used his flagship Markmore to make the unlikeliest comeback by backing Sumatec, a Practice Note 17 company that was on the verge of being delisted.

Two years ago in November, Sumatec inked a deal with Markmore Energy (Labuan) Ltd (MELL), a unit controlled by Markmore and whose directors are Halim and Abu Talib Abdul Rahman. Halim holds a 99.99 per cent stake in Markmore.

Subsequently, Sumatec told the stock exchange that it had entered into a framework agreement with MELL for the proposed award of a project by the latter’s unit, CaspiOilGas LLP. CaspiOilGas is the concession holder and operator of the Shelly oil field in Kazakhstan.

SRK Consulting (Australasia) Pty Ltd, a mining consultant, said in a report the Shelly oil field has "proved plus probable" hydrocarbon reserves of 122.3 million barrels of oil equivalent.

A banker close to the tycoon said Markmore is working round-the-clock to finalise the deal, which will lend credibility to the Kazakhstan venture.

When the Sumatec-Markmore deal became public two years ago, many had expected it to be a short-term market play to boost the stock price.

However, Sumatec started building a small base among retail investors and raised some RM450 million via a shareholder cash call.

"That base has snowballed. Sumatec now has a large retail following," said Mercury Securities research head Edmund Tham.

"With interest focused on penny stocks, Sumatec is the undisputed king of the ring at the moment."



The Facts:
(1) The oil reserve in Kazakhstan was CERTIFIED by Mining Consultant, SRK Consulting (Australasia) Pty Ltd.
(2) Tan Sri Halim Saad CONFIRMED as the Major Shareholder of New Sumatec (Bursa Announcement 25 Nov 2013).
(3) New Sumatec records volume for the past months - "Darling of Bursa Malaysia"!

More announcement soon ............



Happy Investing Everyone!

Bursa Announcement today:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1471353

Tan Sri HS already CONFIRMED as Major Shareholders of New Sumatec.

Welcome on Board former Renong Boss.!



Happy Investing Everyone!

SUMATEC is no longer engineering, construction and shipping company. New SUMATEC is upstream OIL & GAS COMPANY now!


New Sumatec now run by very experience O&G Management Team:
Mr. Chris Dalton serves as Chief Executive Officer of Sumatec Resources Bhd since June 4, 2012. He has a Bachelor of Science Hons (Geology) from University of Wales and a Master of Science (Petroleum Geology) from University of Aberdeen and is a Member of the Society of Petroleum Engineers. Prior to his appointment to Sumatec Resources Berhad, he served 16 years in the Oil & Gas Industry with Halliburton. While working for Halliburton, he held senior management positions in Kuala Lumpur, Malaysia as the EuroAsia and Asia Pacific Halliburton Consulting Manager (2007-2011) and Drilling & Completions Consulting Manager (2004-2006). Prior to this, he held the position of Business Sales Consulting Manager in Houston, Texas (2003-2004). He has held positions in operational, financial and technical management throughout his career. His technical background is comprehensive. Having worked at the rig site and clients offices in the geoscience and drilling domains since he first joined Sperry-Sun in 1996. His operational experience is global, having worked in South America, North America, Europe and Asia, including Kazakhstan.

Wan Kamaruddin Bin Biji Sura @ Wan Abdullah serves as Executive Vice Chairman of the Board of Sumatec Resources Bhd since August 27, 2003. He holds a Bachelor of Science degree in Mechanical Engineering from the Brighton Polytechnic (United Kingdom). He started his career with Tenaga Nasional Berhad where he worked in the operations and turbine maintenance department. In 1987, he joined Sarawak Shell as a Rotating Equipment Engineer and progressed through a series of positions including Project Engineer, Senior Facilities Engineer and Company Representative on the M3 Integrated Deck fabrication and the Beryl/Helang development projects. In 1996, he was seconded to Shell Malaysia Trading as the Project Manager for the PETRONAS/Shell joint-venture Multi-Product Pipeline and Klang Valley Distribution Project. He has twenty-over years of experience in the operation, maintenance and construction of oil & gas facilities. He does not hold directorship in any other public companies.

Mr. Mohamad Bin Ismail has been Independent Non-Executive Director of Sumatec Resources Bhd since August 15, 2013. He has been Member of the Audit Committee since August 15, 2013. He started his career as a Reservoir Engineer (Exploration and Production Department) of Petronas in 1977 and was appointed as Head of Drilling and Production Operations in 1980 before assuming the position as the Regional Operations Manager for Petronas Carigali for Baram Delta Operations in Miri (Sarawak) in 1984. He was promoted in 1996 to become the General Manager for Petronas Indochina based in Hanoi, Vietnam. In 2000, he moved on to assume the position as General Manager for Exploration and Production Division of Greater Nile Petroleum Operating Company (GNPOC), a Joint Venture company between Petronas, Talisman and Sudan Petroleum based in Sudan. He was appointed Country Manager for Africa, Middle East and Asia for Petronas Carigali in 2003 before moving back to Kuala Lumpur to take up the position of Head of Production Operations in Petronas E&P Services Company in 2005. In 2006, he took up the job of Vice President (Business Development) for Bergesen Worldwide Offshore, a public listed company based in Oslo Norway before setting up his own business in 2010. He has a total of 23 years of experience in the upstream business of Exploration and Production in the oil and gas industry. He holds a Bachelor of Science Degree (Chemical Engineering) from the University of Malaya.

Tan Sri Mohd Hassan Marican (former Petronas's Chairman) to be announced soon?


O&G Shares Valuation:
==================
Based on prospectus, the maximum shares after the Right issue is concluded (existing + new shares) is 3,386,177,288 shares. The company projected profit by 31/12/2013 is RM86 million. The EPS is 0.02539 sen.

Conservative PE of 20 times for high growth O&G company will translate into an estimated fair price of RM0.508!



Happy Investing Everyone!
Rich Dad: Money don't grow on tree.

Before Right Issue was offcially approve, Suma already hit 82 sen.

With the very successfull Right issue size of 2.2 billion, also achieved EXCEES application. Now Debt Free settled all the creditors. Will New Suma break the record Level 82 floors again?

If Suma increase avg 3 sen a day, it only takes 15 trading days to this level!

Happy Investing Everyone!
Rich Dad: Money don't grow on tree.

http://www.btimes.com.my/Current_News/BTIMES/articles/halems/Article/

Tan Sri HS get RM300 million facility from EXIM Bank for another oil field expansion in Kazakhstan. This is not a small amount granted.

I'm sure EXIM Bank has done their assessment and due diligent to make sure there is oil in Kazakhstan before granting RM300 million!

Happy Investing Everyone!

@derrick

WA conversation price is 32 sen.
WB conversation price is 17.5 sen.
Big conversation price difference of 14.5 sen!

The gap should be around 14.5 sen BUT the actual price difference between WA (23 sen @ 22 Nov) and WB (25 sen) is only 2 sen!!!

Conclusion:
(1) WA has very limited upside.
(2) WB has a lot of upside potential.
(1) or (2) depend on the fluctuation of the Mother price and demand & supply of the warrants.


Happy Investing Everyone!
Rich Dad: Money don't grow on tree.

Hongkong and one of world richest man, Li Ka Shing still owned 25% in Westport. Profitable co and there is a dividend policy of 75%.

This is a Dividend stock, not a sexy counter.

Happy Investing Everyone!

Finally, today WB price is above WA! Is normal now.

Happy Investing Everyone!

Dear All Sumatec supporters or oppositions:


Please STOP criticizing our mentor Kak @Noraini Ismail.
===========================================

Terima kasih semua / Thank you everyone.



Happy Investing Everyone!

Thought of the day:

Yesterday volume 780 mil was fantastic and is all time volume for Suma.

For such a huge volume sold, the same huge volume was bought!

I'm sure the buyer is fully aware of the flood coming from the listing of 2.2 billion new shares. Why they still want to buy and not just que to buy at very low price say 10 cents? or let it free fall to LIMIT DOWN? and LIMIT DOWN until Bursa suspend it?

If you also notice, when the selling wall build up at every price, the buying wall also build up equally strong! What does it tell? Who is Supporting it?


Happy Investing Everyone!
Rich Dad: Money don't grow on tree.

@erc, Morning will briefly rebounce afternoon profit take again bcos today TGI Friday!

Under the Scheme of Arrangement with Creditors above,



Good News:
New Sumatec is DEBT FREE Now!
===========================



Happy Investing Everyone!
Rich Dad: Money don't grow on tree.

Based on prospectus, under the Scheme of Arrangement with Creditors, Suma will issue 261.0 million new shares to settle all debts to various Creditors amounting to RM114 million in order to be debt free after Right issue.

After waiting for so many years to collect debt from Suma finally the creditors can do so Yesterday!

The heavy selling Yesterday may be caused by these creditors 261.0 million shares. The creditors just want their money back after waiting for so many years!!!

Is Yesterday 780.0 million shares transacted including these creditors? Hope they are flushed out Yesterday.

Happy Investing Everyone.

Out of 2 bil right shares, only 660 mil is for public portion and the rest keep by New Mgmt. Flood by typhoon of 780 mil today should hv subsided by the buying wall bldg up towards closing. The panic selling effect may still exist bcos 2moro is Fri, many prefer no position over weekend.

Downside risk < Upside Potential now.

780 millions transacted and all time volume today for Suma is ENOUGHT!

@derrick Better convert i.e. Sell Wa and use the proceed to buy Wb. Rightfully Wb price should be very much higher than Wa but now is still below. See my info on Wa vs. Wb today.

WA only around 5 sen diff from mother price and the conversation price is 32 sen which way OUT OF MONEY! Pressure to come down further...

750 mills mother was traded, alot of $$$ use to support. Flood is subsiding soon.

Amazing volume of over 740 mil shares was transacted!

Upside potential > Downside risk already.

Wait for the news sooooon!

Happy investing everyone.

1st session volume of 720 mil already exceeded the new right shares of 660 mil for public portion! have the flood subside ready for new tide? Will TSHS announce news in d afternoon on Day1 of listing?

Out of d 660 mil new Right shares for public portion (exclude New Mgmt portion), now over 640 millions has been traded or changed hand. Once panic selling of flood shares fully absorb, about time to U-turn!

Happy Investing Everyone!

680 million WB flood the mkt today compare to only 118 WA available in d mkt!

DAY 1 for NEW SUMATEC.
≡≡≡≡≡≡≡≡≡≡≡≡



Happy Investing Everyone!
Rich Dad: Money don't grow on tree.

Info for warrant holders [Source: Prospectus & Bursa Announcement]
==========================================================

WA vs. WB
=========

Reference price as at 20 Nov closing:
Current Mother price: 0.34 sen
Current WA price: 0.25 sen

"WA Profile"
Issue Size: 118,756,997 shares
Expiry Date: 03/03/2021 (7.5 years to go)
Conversation Price: 0.32 sen
Intrinsic Value: 0.02 sen (0.34 - 0.32)
Premium: 0.23 sen (i.e. 0.25 - 0.02)
Remarks: Out of money. Over priced !!! E.g. cost to convert to mother share is 0.57 sen (i.e. 0.25 + 0.32) whereas can buy mother share from market at 0.34 sen now (pay premium of 0.23 sen).

'WB Profile"
Issue Size: 680,555,239 shares
Expiry Date: 21/10/2018 (new 5 years)
Conversation Price: 0.175 sen

What is WB fair market price on 21 Nov?
================================

Price Assumption 1 (based on WA premium of 0.23 sen): 0.405 sen (i.e. 0.175 + 0.23)
Remarks: 0.405 sen is higher than the current mother price of 0.34 sen, not logic/not possible!

Price Assumption 2 (based on Intrinsic Value concept): 0.165 sen (i.e 0.34 - 0.175)
Remarks: WB has lower conversation price of 0.175 sen than WA conversation of 0.32 sen. Therefore, WB fair share price should be higher than current WA price. i.e. WB > 0.25 sen.

Conclusion:
(a) Based on the above assumptions, the fair market price for WB should be above WA price (> 0.25 sen) and below mother price (< 0.34 sen).
(b) or current WA is OVER PRICED !!! WA price face Pressure to come down on 21 Nov.

Happy Investing Everyone!
Rich Dad: Money don't grow on tree.

Info for warrant holders [Source: Prospectus & Bursa Announcement]
==========================================================

WA vs. WB
=========

Reference price as at 20 Nov closing:
Current Mother price: 0.34 sen
Current WA price: 0.25 sen

"WA Profile"
Issue Size: 118,756,997 shares
Expiry Date: 03/03/2021 (7.5 years to go)
Conversation Price: 0.32 sen
Intrinsic Value: 0.02 sen (0.34 - 0.32)
Premium: 0.23 sen (i.e. 0.25 - 0.02)
Remarks: Out of money. Over priced !!! E.g. cost to convert to mother share is 0.57 sen (i.e. 0.25 + 0.32) whereas can buy mother share from market at 0.34 sen now (pay premium of 0.23 sen).

'WB Profile"
Issue Size: 680,555,239 shares
Expiry Date: 21/10/2018 (new 5 years)
Conversation Price: 0.175 sen

What is WB fair market price on 21 Nov?
================================

Price Assumption 1 (based on WA premium of 0.23 sen): 0.405 sen (i.e. 0.175 + 0.23)
Remarks: 0.405 sen is higher than the current mother price of 0.34 sen, not logic/not possible!

Price Assumption 2 (based on Intrinsic Value concept): 0.165 sen (i.e 0.34 - 0.175)
Remarks: WB has lower conversation price of 0.175 sen than WA conversation of 0.32 sen. Therefore, WB fair share price should be higher than current WA price. i.e. WB > 0.25 sen.

Conclusion:
(a) Based on the above assumptions, the fair market price for WB should be above WA price (> 0.25 sen) and below mother price (< 0.34 sen).
(b) or current WA is OVER PRICED !!! WA price face Pressure to come down on 21 Nov.

Happy Investing Everyone!
Rich Dad: Money don't grow on tree.

For the past 1 week, a total of 355 millions of tickets were sold by panic ppl who scare of 2.2 billion new Right shares to be listed tomorrow where actualy only 660 million for public portion and the majority for new Mgmt. Will there be any cheap fare available for sale now?

Once train move, then end up buying expensive fare ticket. ....

Keep d guessing game...

Happy investing everyone!

Train Conductor will make announcements to passengers soon b4 train departing.... Have everyone got your low fare tickets?

WA vs. WB

Reference price as at 19 Nov:
Current Mother price: 0.335 sen
Current WA price: 0.22 sen

"WA Profile"
Issue Size: 118,756,997 shares
Expiry Date: 03/03/2021 (7.5 years to go)
Conversation Price: 0.32 sen
Intrinsic Value: 0.015 sen (0.335 - 0.32)
Premium: 0.205 sen (i.e. 0.22 - 0.015)
Remarks: Out of money. E.g. cost to convert to mother share is 0.54 sen (i.e. 0.22 + 0.32) whereas can by mother share from market at 0.335 sen now (pay premium of 0.205 sen).

'WB Profile"
Issue Size: 680,555,239 shares
Expiry Date: 21/10/2018 (new 5 years)
Conversation Price: 0.175 sen

What is WB fair market price on 21 Nov?

Price Assumption 1 (based on WA premium of 0.205 sen): 0.38 sen (i.e. 0.175 + 0.205)
Remarks: 0.38 is higher than the current mother price of 0.335 sen, not logic/possible!

Price Assumption 2 (based on Intrinsic Value concept): 0.16 sen (i.e 0.335 - 0.175)
Remarks: WB has lower conversation price of 0.175 sen than WA of 0.32 sen. Therefore, WB fair share price should be higher than WA.

Conclusion:
(1) Based on the above assumptions, the fair market price for WB should be above WA price (0.22 sen) and below mother price (0.335 sen).
(2) or WA is OVER PRICED!

Happy Investing Everyone!
Rich Dad: Money don't grow on tree.

WA vs. WB

Reference:
Current Mother price: 0.335 sen
Current WA price: 0.22 sen

"WA Profile"
Issue Size: 118,756,997 shares
Expiry Date: 03/03/2021 (7.5 years to go)
Conversation Price: 0.32 sen
Intrinsic Value: 0.015 sen (0.335 - 0.32)
Premium: 0.205 sen (i.e. 0.22 - 0.015)
Remarks: Out of money. E.g. cost to convert to mother share is 0.54 sen (i.e. 0.22 + 0.32) whereas can by mother share from market at 0.335 sen now (pay premium of 0.205 sen).

'WB Profile"
Issue Size: 680,555,239 shares
Expiry Date: 21/10/2018 (new 5 years)
Conversation Price: 0.175 sen

What is WB fair market price on 21 Nov?

Price Assumption 1 (based on WA premium of 0.205 sen): 0.38 sen (i.e. 0.175 + 0.205)
Remarks: 0.38 is higher than the current mother price of 0.335 sen, not logic/possible !!!

Price Assumption 2 (based on Intrinsic Value concept): 0.16 sen (i.e 0.335 - 0.175)
Remarks: WB has lower conversation price of 0.175 sen than WA of 0.32 sen. Therefore, WB fair share price should be higher than WA.

Conclusion:
(1) Based on the above assumptions, the fair market price for WB should be above WA price (0.22 sen) and below mother price (0.335 sen).
(2) or WA is OVER PRICED!

Happy Investing Everyone!
Rich Dad: Money don't grow on tree.

Before Right issue ex-date, there is 1st round of scare on huge 2.7 billion OR / Right shares (max scenario). The actual OR is only 2.27 billion based on Bursa announcement and there excess application of 7%!!! Those who got OR also want to apply more excess despite large OR of over 2 billion! It show these investor confidence in the New Suma!!!

Out of the actual OR of 2.27 billion, the OR for the Suma Mgmt is 1.61 billion and the remaining 660 million shares for public. So, on 21 Nov only 660 million new shares will flood the mkt assuming the Mgmt keep their new shares for long term prospect of upstream O&G. Today closing price more or less had factored in the 2nd round of scare of 2.27 billion new shares (actually only 660 million for public portion) to be listed on 21 Nov.
[Source: based on prospectus and announcement]

Happy investing everyone!!!
Rich Dad: Money dont grow on tree!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1465805

The listing of OR and new WB has been granted and confirmed on 21 Nov. Smooth restructuring plan pathing the way for New Suma.

Mother price down more than the WA. The parity of WA is too wide and out of money.

Bargain hunt from panic seller soooon.

Plenty of Suprises ahead next week onwards...

We like @Noraini bcos she provide both TA and Fundamental information, from her postings she know tycoon TSHS background well which will b the new Sumatec captain NOW!

We are following her buy into the "Value" of new Suma and not the"Price" of old Suma. True investor should know why Warren Buffet is the share guru and richestman in d World by buying inyo d Value and not Price. Those who loss in old Suma very diff to accept this and still has stigma in it.