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2013-11-29 20:32 | Report Abuse
Noraini, your view is not wrong. The married deal mostly sold by previous management team such s Wan Kamaruddin and Chan and some from Tekad makmur . I understand Old Sumatec owed about 166 million and before things go further , and price appreciation of Sumatec there must be a consensus agreed value to contra the debts.I hope in the agreement , the married deal have to be kept for a certain period just as ESOS subscribe need to stay up to certain period before they can sell in the open market. By doing so Sumatec retain more cash than script at the same time to tie down the debtors from leaving the company immediately to undertake future projects . Its a win win basis. Otherwise all previous debts need to strike out should old sumatec is delisted and bankrupt.Only thru court it will be very miserable to get payment.
2013-11-29 19:31 | Report Abuse
I think they contra payment to debtors outstanding by giving shares not cash to settle off.The previous debts owed by previous management by issue rights shares. . Many companies especially developers will offset their units to debtors instead of payment in cash.That is just a guess , it may not be true.
2013-11-29 11:10 | Report Abuse
when everyone scared you go in and when everyone chased what is best to do? Decide your target don't hide under the table.
2013-11-29 09:30 | Report Abuse
Don't worry , there is also a possibility to reach 25 -265 cts today, reserve some bullet just as 21st nov. Their cost is about that. Married deal to somebody as replacement?Dropping 5 cts and up 5 cts is normal. Up 60 cts drop 30 cts is painful .
2013-11-29 09:22 | Report Abuse
Hi volume on Monday and Tuesday need to clear first. I am sure there are remaining volume uncleared yet . After 4.15 pm today I believe will make a slight different. Where to find PN17 with market capitalization exeed 900 million ringgit. It has already been out of 17 but then need to prove 2 quarterly profit . There are also PN17 rise unexpectedy even before lifted.Its just a figure and alphabet.
2013-11-29 09:01 | Report Abuse
Sumatec will emerge as darling stocks in 20014. Do you believe it will prove as hot stock for pick up? You can never get this price by then . You are shareholders and be part of the future emerging. I am no proxy neither belong to any group of speculators , just want everyone aware and don't missed a lifetime opportunity.I have seen such emerging market in the early 90s when oil and gas just started in the bursa.Sumatec is a multiple organization not only in oil exploration but involved in many related oil and gas logistics.Buy when it is time to accumulate and not chase when bull started charging bcoz any U TURN at that level it cost a lot of lossess unless you are ready to pick up at high cost .My 2 sen opinion.
2013-11-28 12:25 | Report Abuse
No lah yana have already sold and run for her life and ready for holiday in Timbuktu.
2013-11-28 12:24 | Report Abuse
I have no confident in what he / she said. Must be member of shark or anak belukang.kengfp , don't simply listen false info, might be proxy la.
2013-11-28 12:19 | Report Abuse
Its true pazzol. As long as we are genuine in ourself nothing to worry.Go for nice lunch and be back
2013-11-28 12:17 | Report Abuse
You r right kengfp, I judge from beginning false alarm and wrong reverse reaction.
2013-11-28 12:15 | Report Abuse
hi Guys why always play with fire and get burn, play with kite it will fly slowly . Chepat naik dan chepat turun dan lembek, apa itu?
2013-11-28 11:44 | Report Abuse
Only genuine player understand what I mean pazzoll. Don't be alarm with minor pressure , every pain give a lesson, every lesson, make you wiser and only wise man survive the explosion. Have a nice day wait for bull to charge. The bull reserve energy for long marathon charging and kick all bears .
2013-11-28 11:34 | Report Abuse
I remember Warren Buffet said " I like to buy turnaround Company and buy when everybody run and it gave me good rewards" I Think the billionaire words really work and the truth shall prevail . By that time Noah said the ship is set for sailing and all passengers on deck close for those left behind .
2013-11-27 22:36 | Report Abuse
I have a dream, my dream is forty. Not tomorrow but by Friday. Surprise news underway and tickle everyone and said "syok nya ". The game is not over , profit taking biasa lah , if syndicate is smart, you got to buy higher than you sell.
2013-11-27 13:02 | Report Abuse
I will follow you wherever you go if you are right.Cheers to our Iron Lady Noraini, we missed you so much until I trigger you feel offended. Sorry Lady, I was just pulling the leg. Lets twist again, its limbo rock now, how low can it go.?
2013-11-27 12:44 | Report Abuse
hope you are right. I did not point to any individual but in general term , apologise if you stick to one person that I never meant to say. Sun Tze says, In any success , its not what you say will reach its goal, more important the way you conduct yourself will be evaluated by your subordinate and general public . They will sacrifice after knowing the right leader . Sun Tze fought 24 battle over many years and not a single battle he lost . It become a subject of various organization in finance, art of war, leadership etc. Leading by example is more than words can tell.
2013-11-27 12:24 | Report Abuse
The right leader will lead to achieve its goal . I pray hard the right person is Tan Sri Hassan Merican a prominent personality with good track records. My only concern is , a leader who care for himself to become selfmade billionaire overnight.Think of long term not quick money masok pocket and hijack.Nowadays it become a trend of such situation.I am not worried the devil I know but the angel unknown to me.
2013-11-27 12:13 | Report Abuse
Property market will cool down for sometime. I sold property appreciate by 300 Percent and ready with cash. What is next, Oil and gas play . Which O n G at preparation level and potential to pick up , fall not much , appreciate to 1.50 mid term review 2014? Suma is posibble. After lifted PN 17, don't dream to buy current level.I dream Suma will be darling stocks by 2014 just as KNM once upon a time.Unfortunately KNM now only 47cts from highest level RM14.
2013-11-27 11:44 | Report Abuse
Sumatec still in value buy phase. If drop 5 cts I am not bothered but if drop from 55 cts to 30 cts very lausai have to see doctor give panadol and pain killer.Drop until 20 cts I gadai seluar dalam and buy as much I can, long journey to Mount Everest, just preparation level at sea level apa takut , kalau tengelam sampai 20 sen we are not major share holder just ikan bilis no sweat.
2013-11-27 11:22 | Report Abuse
Ramalan earthquake tak jadi, next ramalan, tsunami, typhoon, haiyan, apa lagi? Stay calm as investor for those stay long term but should there is U TURN follow from the tail .Very takut when people said buy can go higher I will same same pusing balik. Tak jadi sampai target lagi, wait another round.
2013-11-26 20:06 | Report Abuse
yana, I remember when the share from 40 cts down o 345 you encouraged everone enter and claim you bought 800 lot a good buy knowing 21st is listing date 2 days later. Then you said its a good buy. Now you frighten everyone to run and earthquake coming and share will drop 25 cts for no apparent reason. Which direction are u heading without any valid reasons . Just suka suka say what you like and scare everyone. I just cant understand you. Are you talking opposite way ? Be frank with your statement . Hati mau baik . Orang yang kalah banyak tak boleh terima kenyataan yang bukan bukan . Wang yang sangkut mana yang beli 55 sen menangis seorang diri .
2013-11-26 18:29 | Report Abuse
imlegend you are right . I did exactly u explain. This is my fourth round. after doing very well the regularisation plan and cash rich its just a new reshuffle to begin.with. Lets say average cost to convert rights to mother OR at 0.08 cts the lowest and top up rights @0.175 cts , reasonable to say it cost about 0.255 cts., the warant B @ 0.18 cts divide by four is 0.45 cts. Should the investor sell wb between 18 cts to 23 cts , the actual cost of mother share is 21 cts break even.The company subscribe the rights at 0.175 at no cost of OR , raise about 450 million ringgit to venture into sumatec future development and raise market capitalization about 1 billion ringgit.Of these 2.7 billion rights share, more tan 80 percent in the hands of board of Management Sumatec. I am confident this regularisation plan is successful gearing focus on development plan.Exxim Bank loan of 330 million is an extra backup .With all these in mind, it is ridiculous to say syndicate have conned players when liquidity is expected in the market at the most 15-20 percent of share issued. Of course in trading there is always pullback , profit taking, contra losses or contra gain , sell off beyond ability to pick up . Any active counter is bound to face such situation.One to bear in mind, greediness and contra player is facing the music when pullback occured . As investor it make no different.
2013-11-25 22:57 | Report Abuse
good info given by Smartinv. After knowing the important people in the Sumatec Oil and Gas exploration and geographical information of Kazakstan four times the size of Texas USA, with vast potential in minerals oil and gas , it definitely will succeed to greater height in the field of O & G industry onshore, the first listed company In BSKL.
Its going to tap the virgin land of Kazakstan into another biggest oil field in the world bigger capacity than texas with no danger of natural hazard unlike Texas.Mind you, Kazakstan is the second richest country in the world just below Russia in the field of oil and gas reserve of 20 thrillion barrels .With population just within 14 million people there are many potential beyond discovery by Sumatec.The only hurdle for sure SUMATEC is given concession unconditionally to tap the newly independent state of Russia unattended.Cheers to all our sumatec Team leaders, We strongly support to greater heights of achievement , with up and coming Tan Sri Hassan Merican, the former boss of PETRONAS with vast experienced. This time , all revenue will be transparent without any control by government body. You make the different folks , you are shareholders, its your company. Hurray to ALL for One , One for All.
2013-11-25 11:02 | Report Abuse
Tomok81 info is logical and boleh pakai definitely. The turnaround is damn excellent with cash in hands after successful rights issue oversubscribe by 7.7 times. With Hassan Merican coming, this oil sifu is experienced in PETRONAS cannot be wrong . Definitely going to be darling stocks soon . Gua percaya sama lu folks.Besides HS, you have our law adviser as chairman Tan Sri Abu Talib and inhouse support by PM and his br Johari definitely going higher and one day as blue chip the only onshore oil and gas company in BSKL. Less risk, less capital and more profit. No play play one.
2013-11-25 10:46 | Report Abuse
Hey Noraini you are back again. Check and balance .we are anxious to know when you are back again. Please feed us with good info .
2013-11-25 10:25 | Report Abuse
Hey guys Noraini said be back by 25th. still no news , extend another week meeting about sumatec at Barcelona he he , everybody waiting for her comments?
2013-11-25 10:23 | Report Abuse
Thanks for your input Tomok , I believe this time is for real.
2013-11-25 09:54 | Report Abuse
Hi Steven Achilis , you are back again in the long haul? Glad you made a morning call. You are my sifu , I trust your judgement. Please keep, inform when something fishy happen. You are our saviour so please alert us. Thanks bro.
2013-11-25 09:32 | Report Abuse
The new express train is different from locomotive. Fast speed train that stop only at major station for long distance journey. Unless you are ready to book in time you will never get cheap ticket unless prepared to buy 1st class that cost more than budget class. The train will not reverse it is newly modified with lots of facilities and comfort .Huray , cheers to all and ready to meet again at station no. 40 very soon.
2013-11-25 08:42 | Report Abuse
Is it possible to reach RM 1.50 even before pn 17 lifted 2nd half of 2014? If that is so it need surprising news to trigger as kickstart and all those sold at lower price shall chase for it at higher price. This momentum proven effectively during the 90's and twice a day limit up. Mmm those days there is no place in trading house if you don't que early in the morning. With internet online trading you don't need to. Save all the trouble. Good luck guys.
2013-11-24 11:52 | Report Abuse
well informed kamarudin , you really done good research . I anticipate strongly with your information. Unfortunately many greedy player chased upon bullish market each time it goes uptrend and blame getting wrong info. As I said it is individual judgement as guideline and don't blame others should profit taking occurred when you happen to buy at U TURN level. Buy at lower level when market about to push bullish and set your own target .
2013-11-24 11:09 | Report Abuse
Wow, next week sumatec is flying , just a beginning after successful regularisation plan. Those who buy 25-30 cts are cheap good buy, 30-35 cts value buy and 35-40 cts high value buy. Whatever categories you belong, its the correct position to set your goal in volume provided you don't chase upon good news and average at higher price. Should reverse reaction and profit taking occurred you are at level U turn which is very costly to bear the pain. Long term should be very good but many looking for short and mid term profit.Huat lah on Monday blue , its the first on shore oil and gas company with less risk than offshore .
2013-11-23 12:42 | Report Abuse
next week 0.40 should not be a problem. Resistance at 36 and soon after at 40 .Some good news ahead should be able to overcome resistance 44 and by month end 50+.
2013-11-22 19:23 | Report Abuse
In the past history of bullish counter in early 1990, many players does not know how to pronounce the name of the particular company based on hearsay and passing of mouth, the Ah Soh, the barber girl, massage girl , waiter , waitress came to buy stocks with good information from prominent people due to close contact .It really proven going higher and higher with limit up so on and so forth with few hundred percent appreciation. Suddenly you came across few gentlemen with tie and long sleeve looking to buy . They are knowledgeable in finance and statistic candle sticks, broom sticks, etc. So careful and so sure . It is a signal time to exit from the market bcoz its based on research not rumours. True enough the market continuously down trend until lausai. Hope it wont happen again.
2013-11-22 16:24 | Report Abuse
please believe Tan Sri Abu Talib , a prominent attorney general and a man of high regards leading Sumatec is real towards the goal. Can Sumatec proven like other oil and Gas company. Will the regularisation plan succeed? Has the rights shares proven its value?The turnaround company will be a darling stocks as a matter of time after PN 17 lifted. Besides Exxim Bank support and cash rich , it really make sense but dont be greedy my 2 cts opinion
2013-11-22 11:06 | Report Abuse
set own target not syndicate target , lebih untung is taikoh profit sikit untung is ikan bilis profit. as a small fry jus make coffee and teh tarik how can a small trap of mouse catch a tiger. think about it he he
2013-11-22 10:12 | Report Abuse
By the time good news come out big taiko unload friend. Buy on rumours sell on facts my 2 ct opinion. always PN 17 lifted limit up sometime twice a day , many chase and become looser. By that time I run for my life voooooom voom cabut kuat kuat hantu mari he he
2013-11-22 09:53 | Report Abuse
be gentlemen on discussion . judgement is yours as guideline. sometime we do make mistake, we can bring a horse to the pond we can never force the horse to minum air , air suam ke air batu ke , up to individual. Kalau untung semua ketawa, bila kalah kerana GREEDY mau marah sama olang. heaven sake don't use condem language tak baik la.sama sama cari untung . kalau pergi genting kalah marah sama lim goh tong ? dia dalam kubor menangis tau kerana marah he he best of luck and hope everyone of us make some profit with this new regulation plan.
2013-11-22 09:16 | Report Abuse
never mind untung sikit go to thai massage very good , china doll massage for your little brother hungry he he best of luck substantial gain for CNY celebration not less than 80 cts .
2013-11-22 08:55 | Report Abuse
Sorry wrongly typed original 400 thousand mother share x 0.10 cts profit sold at 30.5 cts gain gain 40,000 ringgit and total profit is 62 thousand ringgit for the hard work about one month.
2013-11-22 08:48 | Report Abuse
I anticipate very much the sumatec opening day reach between 25 cts to 30 cts. Since it is the lowest of the day, logically three factors led to open day downfall.( 1.) Players who bought beyond 50 cts felt nervous and disappointed , probably some help to unload hoping to buy lower price(.2.) Profit takers who bought in big volume with profit 10 cts from average cost of conversion plus good opening price for WB unload and make substantial profit free warrant every 4 lot got 1 free warrant , easily 400 k lot got 100 k warrant sold at 22 cts gain 22 k, bought 400 k mother share costing 0.175 cts sold at 30 cts gain 0.125 cts appx. profit gain rm 5000, total profit 27 thousand ringgit. Smart player unload original mother share bought at 50 -55 cts before listing date on 21 nov. got back their original investment and foresee the market flooding on 21 nov. (3) Smart investor will buy back average lowest price and keep for future announcement such has 4th quarterly good result since taking over on October by HS management. Regulation Plan completed with cash in hand., new strategy with oil exploration, exit PN 17 very soon.Therefore it is not wrong to buy as much at the lowest and wait for further announcement.Good Luck and waiting further uptrend continuously but don't be too greedy to chase at high price.
2013-11-20 22:39 | Report Abuse
will sumatec start at 25 and end hi at 35 stabil at 30 ? If yes same as first day OR listed b4 rights .
2013-11-19 12:51 | Report Abuse
the big taikoh wont push the price for u to sell and make profit. Normally block further uptrend to swallow all contra players with heavy volume traded the last few round of downfall. Even if not fall further , it will definitely remain stable . On the other note, chances of being lower the odd is quite likely until such level when the market remain quiet for sometime and remain stagnant. So why are we to hurry? Hoping next day back to higher price?Unlikely and does not make sense at all.
2013-11-19 11:35 | Report Abuse
For info, Average OR traded around 9 cts and top up 0.175 to convert to mother share , total cost is 0.265 cts besides every 4 rights get 1 free warrant known later as wb. Well , should wb traded around 4 cts
for example your cost price of sumatec is only 0.255 cts. Assume mother share close at 30 cts and traded on listing date 21st. there are additional sumatec shares 2.7. billion liquidate and may face heavy selling pressure. I wont say it will melt down, big taikoh like HS will support and take all sellers at a certain level and it take quite sometime to clear maybe few days, maybe few weeks before take off to space.Watch out closely when will be the date and time to take off the continuous journey with many good news coming one by one, and its up to individual to decide whether you want to reach final point of exit or satisfied with what you get at yr level. Good luck guys. you make everyone smile for the jackpot.
2013-11-19 10:48 | Report Abuse
Mun Hong, No one can predict the lowest and no one can predict the highest. I anticipate below 30 cts is a good buy, 25 cts best buy . Some may want to average down and some buy one lump sum at the bottomline. Panick sellers will occur when market is down in heavy volume.Whatever it is, be cautious.No point to get lowest if its not moving at all. Some expert says , when the counter is ready to move, you help them to move and when you notice big taikoh start selling in volume you follow from the back just as follower and you wont be the biggest winner neither the biggest looser.Set your target not the analyst target cuz they might U TURN while you believe the words of wisdom. Huray to all, ready for the jackpot for another bullish after everything is settled.The journey to higher level is potential.
2013-11-19 08:38 | Report Abuse
Don't rush to buy , wait until everything cool down. It takes sometime to settle the dust and retrace. A little profit with high risk cant do much at the moment. Many will rush to sell on 21stNov. Financial result very disappointed with losses.The team leader have disappeared so are some taikoh , what is expected the next few weeks , looser playing among loosers .my 2 cts judgement.
2013-11-18 21:12 | Report Abuse
KNM reverse gear . sTop level 40 and rest again for very long sleep as usual la.
2013-11-18 13:13 | Report Abuse
Tahniah binjai . you are smart. memang you pandai . gua pun untung 2 x cukup lah lebih kurang macam lu juga
Stock: [SUMATEC]: SUMATEC RESOURCES BHD
2013-12-02 11:41 | Report Abuse
accumulating phase. Show time coming soon with special features .