Posted by wecan2088 > 2017-01-04 14:08 | Report Abuse

SCOMI got strong support from IJM. IJM cost to invest SCOMI is 36.5sen per share compared to 13sen now. Now we can buy cheaper than IJM and risk is much much lower.

Posted by wecan2088 > 2017-01-04 14:10 | Report Abuse

Compared to Sumatec, Perisai, and KNM. SCOMI financial fundamental more stronger. Those O&G penny stock rose alots, it is time for SCOMI to perform.

Posted by hpcp > 2017-01-04 14:18 | Report Abuse

That was a year ago

Posted by wecan2088 > 2017-01-04 14:24 | Report Abuse

Yap. Just let u all know IJM entry cost is 36.5sen and now is the single largest shareholder of SCOMI. It is more safe to buy SCOMI compared to SUMATEC, PERISAI and other O&G penny stocks.

Posted by hpcp > 2017-01-04 14:33 | Report Abuse

Halo. What was the oil price when IJM acquired Scomi and what is the oil price now.

Posted by wecan2088 > 2017-01-04 14:34 | Report Abuse

Yalor .... then u see what the SCOMI share price now.

Posted by Baharuddin Ishak > 2017-01-09 16:29 | Report Abuse

In an announcement to Bursa Malaysia yesterday, Scomi said that IJM had converted its convertible redeemable secured bonds of an aggregate nominal value of RM110mil to an equity stake.



The conversion was done at a share price of 36.5 sen, which is slightly more than double its current share price of 15 sen with a par value of 10 sen.