Normally morning GREEN and evening RED. Today morning RED so evening ?????

Tomorrow green, the Directors want to have some face during the BOD meeting

Final Decision to be made by tomorrow whether to buy Suma or otherwise.It can possibly go either way like MH370.

They can still push the price above 40sen to attract the public to subscribe for the RI.Anything is possible

It is a crisis in confidence. The public has lost fate in Sumatec. So many fairy tales by the owners to entice buyers and later they just abandon them. Sumatec is being managed by people who do not have professional ethics. Rightfully a good management will create value for its shareholders, but here they have created SHIT for most. These people can be categorised as "PIRATES".he..he.

Eventhough Sonarita was left by her boyfriend Sonarita did not break like Suma, she still shows her mettle to be strong and still fetching a high price he..he..

Good afternoon Captain Looiks. Your comments are going to be very challenging. Let's wait and see the direction after the QR.

Dont woryy Captain Looiks always says whether it rains or shines he will still be around. Today yet to see his comments he..he..

slm7212 I do agree. Price of Sumatec therefore does not hinge on just it QR alone, as it is also dependent on the outcome of OPEC's meeting on 27 Nov. If OPEC fails to cut production, I see Suma's price dive as well.

What is Captain Looiks take on the above article that 'OPEC MUST CUT OUTPUT' otherwise price of crude will PLUNGE.Let's have an effective discussion.

'OPEC MUST CUT OUTPUT' - Oil prices could plunge to USD60 a barrel if OPEC does not agree a significant output cutr when it meets in Vienna this week, market players say.

Brent crude futures have fallen 34% since June to touch a 4 year low if USD76.76 a barrel on November 14, and could slip further if OPEC does not agree to cut at least one million barrels per day, commodity fund managers say.

The likelihood of cutting production is only 50%.

Source : Today's New Straits Times,Page B7.

Captain Looiks will give you the benefit of doubt. The QR will tell all about Sumatec.It is only days away as I was told that the Board meeting is on Wednesday.Results I believe will be on Friday or will be the same evening on Wednesday.

Yes, slm7212

I am out of Suma. But I think as one of the promoters of Suma Captain you must be seen as fair to fellow forumers. Don't let them to lose their pants eventhough you end your comments with "Your money your decsion". i have been following you since the price dropped from 60 sen to 44sen on 20 Aug.Eventhough i am out it doesn't mean i am not following this counter, becoz as an investor if we find a gem in any counter we will invest. For now it is yet to be a gem to me.

Captain Looiks what is your comments about this statement from CD.Let us face the facts. I can bet Suma's profit will be squeezed due to the fall in oil price and they are not going to me their forecast profit target.



Nov 17, 2014 11:33 AM | Report Abuse

Statement by CLD on 23 June 2014.

Estimated USD175m* in Net profit from sale of oil.

*USD175m is based on USD100 per barrel Brent Price of oil and USD35 per barrel net profit of which Sumatec is entitled to 50% (USD17.5 per barrel) after 2 million barrels of oil has been produced.

My opinion : With price of Brent now at about USD83 per barrel, net profit for Sumatec is expected to be reduced to USD18 per barrel and 50% of share after 2million barrels will drop to USD9 per barrel.

With the drop in oil price there will definitely be a squeeze in Sumatec's Net Profit.

Forecast profit for 2014 was RM69m.For first 6months the profit reprted was RM7.4m. To meet their forecast target Suma has to record another RM62m profit. Is this possible? What is so special about Suma when operators worldwide are suffering from the depressed oil prce except for some middle east countries.Let us ponder about this than to listen to some sweet talking promoters.

Systech dah jalan bila Jasa nak terbang!!!!!

I have been seeing positive comments by the promoters since the price was at 45sen. Now 29sen still the same. who nows they know it is going to go down to 15sen hi..hi..

Dateline to face the "Killing Field" ya he..he..

Wait for 25sen

Systech got UMA whole market quiet down !!!!!!

Can it reach 52weeks low at 25sen he..he..

OPEC meeting on 27 Nov 2014

“It’s going to be a critical day,” Doug King, chief investment officer of the $200 million Merchant Commodity Fund, said by phone from London Nov. 14. “If there’s no action from the meeting, one of the most important OPEC meetings in the last 10 to 15 years, then the market will test them on the downside. If they cut 1.5 million barrels a day, you could get the Brent market back up into the $80 to $90 range.”

Tanjong Rambutan and Tampoi is in waiting for some !!!!!!!

Yes ozzie75, I too left Sumatec temporarily to be here.Might go back to Sumatec soon. Heard BOD meeting next Wednesday.

ozzie75 nice to see you here he..he..

BREAKING
Oil platform explosion in Gulf of Mexico kills one: report

Kim what is your take on Jasa

KLSE Technical Analysis is long on Jasakita at 0.285sen (2nd TP) 1st TP 0.23 to 0.24sen

YKJohn good luck friend.I pray for you that Sumatec price will go higher soon.Dont worry.

musashi69 yes sounds like YKJohn

Miraclesoon, your first and only posting seems to be very positive.

They already know the QR results so slowly disposing. What is so great about HS. Dah muak dengar HS will not fail his loyal pax. Train ride to timbuktu. Luckily exited. These are real con people who live on others misery.On top of that we have some nice sweet talkers who made many of us believe with the sweet talk.I have exited but feel for some of you guys who were really conned by all the train ride story, salad, red meat, fishing, cleaning windshield, and so and so and so.....

Yesterday and today many force selling on T+4 to clear the high volume on 13/11 (73m) and 14/11 (40m)

Looiks Postings yesterday:


Stock: [SUMATEC]: SUMATEC RESOURCES BHD
Nov 19, 2014 05:51 PM | Report Abuse

Need to be patience if u hv holding power....he...he...set my bullet correctly. Enjoy yr eveng! Coming soon.

HERE HE SAYS COMING SOON (A POSTIVE COMMENT)



Stock: [SUMATEC]: SUMATEC RESOURCES BHD
Nov 19, 2014 06:52 PM | Report Abuse

Example of panic investor when they don hv deep pockets.....he...he... Yearend family expenses going to bite u and pity yr children. I always remind fellow investors to invest on their excess money. So greedy punters and freeriders this train really make u sweat! Those without holding power start screaming. Those smart wl be positive on negativity! 'Money don grow on trees' must sweat to feel yr own pinch of salt! Yr money yr decision thats a basic principle of personal investing

HERE HE SAYS YEAREND FAMILY EXPENSES GOING TO BITE U AND PITY YR CHILDREN (A NEGATIVE COMMENT)

So if it is coming as per the first comment, why the negative second comment he..he..

I dont have the answer but BEWARE guys!!!!!!!!!!!

If the QR result is super duper, do you think the price is still aroung .295 sen. Wouldn't insiders would have pushed up the price to a reasonable higher level.I am of opinion that the QR has not met its forecast with the current depressed oil price and that is why the share price is hovering at around 30sen.

very quiet

Morning T+3 Force selling. Afternoon might spike

86868, you belong to a Group who only want to listen to the positive news. Wish you good luck with Sumatec.

Be careful guys. PDZ has reported a loss and might be in the RED today. It might drag Sumatec down as well, since PDZ has always been leading Sumatec's movements. Just an opinion.

Kim what is your target price for Jasakita????

Kim, what is tj?

Bait 30 sen Trap 29 sen

Alpha Trader you have any TP for Jasakita???

Only gamblers will run for their lives, investors will stay put. So what if trapped at 26sen. Have you guys read their Balance Sheet in the first place. Can you get a company with such a clean balance sheet and cash rich. Investors will look at this to invest and it is not an Hit and Run game.I bought at 25sen but happily keeping it.

Yes tomorrow after force selling might possibly be up.

superbear your wild guess is not far out. Please read my posting above and you guys can go and read the announcement made by Sumatec on 23 June 2014.

Statement by CLD on 23 June 2014.

Estimated USD175m* in Net profit from sale of oil.

*USD175m is based on USD100 per barrel Brent Price of oil and USD35 per barrel net profit of which Sumatec is entitled to 50% (USD17.5 per barrel) after 2 million barrels of oil has been produced.

My opinion : With price of Brent now at about USD83 per barrel, net profit for Sumatec is expected to be reduced to USD18 per barrel and 50% of share after 2million barrels will drop to USD9 per barrel.

With the drop in oil price there will definitely be a squeeze in Sumatec's Net Profit.

Who is telling the TRUTH????????????

Cut loss at breakeven position after reading an article that Saudi Arabia's cost is USD25 per barrel as compared to Sumatec which is USD70usd per barrel. How can Sumatec compete then?

Surprise to see a company with a strong balance sheet, zero borrrowing and consistently being profitable is trading at this price