Posted by ckk2266 > 2015-11-08 10:00 | Report Abuse

Bought @ 0.285...

Posted by davidkkw79 > 2015-11-09 10:31 | Report Abuse

Good buy

Posted by davidkkw79 > 2015-11-09 11:40 | Report Abuse

Mara start buy in !

Posted by value_invest > 2015-11-09 23:16 | Report Abuse

Accumulating slowly in Weak market...

Posted by value_invest > 2015-11-09 23:35 | Report Abuse

The management has been focusing on this new graphene based chemical since last year. Monitoring the performance of this new product lines which could be another boom to the company...

Posted by ckk2266 > 2015-11-12 11:13 | Report Abuse

Bought more @ 0.29

Posted by ckk2266 > 2015-11-13 10:53 | Report Abuse

Bought more @ 0.285

Posted by davidkkw79 > 2015-11-13 15:32 | Report Abuse

very steady this stock :)

Posted by value_invest > 2015-11-16 10:31 | Report Abuse

stock price holding well at this level even the oil price coming down sharply recently.. Expecting the price will move higher slowly when the oil price stable and QR result release..

Posted by value_invest > 2015-11-16 10:33 | Report Abuse

Expecting the company to maintain the flat profit and gearing coming slowing coming own,,,

Posted by ckk2266 > 2015-11-16 19:58 | Report Abuse

Graphene is next catalyst to move the price

Posted by vc1922 > 2015-11-18 10:29 | Report Abuse

buy scomies for long term investmen

Posted by value_invest > 2015-11-18 11:03 | Report Abuse

accumulating slowly, price will move up slowly when QR result is out.. Have been monitoring this company, earning look stable even the oil price is at low end. Company is reducing it gearing for past few years.. Good for mid term investment..

Posted by vc1922 > 2015-11-23 09:56 | Report Abuse

oil will rise tp 50sen

Posted by value_invest > 2015-12-01 16:24 | Report Abuse

2nd QR still show profit of RM12m.. The company gearing is again reducing.. SEEM the company is slowing reducing the borrowing and maintaining profit,,,, The Risk sharing Oil field (ophir) is moving forward with the award of works to MUHIBAH few days back.. SEEM not bad for mid term investment..

Posted by value_invest > 2015-12-01 16:35 | Report Abuse

Scomies is still doing well at the current low oil price. The JV (ophir oild filed) was just awarded a contract to MUHIBAH days ago..

Posted by value_invest > 2015-12-01 16:36 | Report Abuse

when the oil price is improving, scomies will reap gain from the risk sharing oil filed which is very profitable and low risk contract by petronas.. Petronas said: no more such contract...last

Posted by value_invest > 2015-12-01 16:52 | Report Abuse

With cash flow of RM200million per year and reducing gearing, the is good value in the company..

Posted by jayhao2000 > 2015-12-11 11:56 | Report Abuse

good news is coming..

Posted by value_invest > 2015-12-11 23:30 | Report Abuse

what good news?

Posted by Jeremykid > 2015-12-19 21:32 | Report Abuse

Is it a good time to buy now? Anybody? First time buyer here...

Posted by jayhao2000 > 2015-12-28 12:11 | Report Abuse

something good is in the progress..you can observe it from these few days onwards

Posted by Jeremykid > 2015-12-29 18:16 | Report Abuse

How bout SCOMI @jayhao2000

Posted by i_investor > 2016-01-07 16:29 | Report Abuse

The weakening ringgit has left Scomi Energy Services Bhd (SES) in a stronger position, as around 95% of their revenue is in US dollars with only 5% coming in from Russia and paid in rouble.

- See more at: http://www.themalaysianinsider.com/business/article/weak-ringgit-good-for-us-says-scomi-energy#sthash.u4iqMEMU.dpuf

Posted by i_investor > 2016-01-08 09:10 | Report Abuse

Being hybrid enable SCOMIES to effectively ride on oil price cycles with resilient earnings. When oil price rises, SCOMIES benefits from increased O&G contracts flows, and when oil price slumps, transport activities are robust due to high demand and low vessels fuel costs, as well as strong 95% of their revenue in US dollars.

Posted by value_invest > 2016-01-12 16:13 | Report Abuse

Good to buy for mid term.. Price will spike when oil is stablise..

Posted by Jeremykid > 2016-01-15 11:53 | Report Abuse

Thanks @i_investor @value_invest

Posted by i_investor > 2016-01-18 08:59 | Report Abuse

Scomi Energy order book gets US$41.6m job extension.

-See more at: http://www.thestar.com.my/business/business-news/2016/01/15/scomi-energy-order-book-gets--job-extension/

Posted by davidkkw79 > 2016-01-21 13:00 | Report Abuse

Petronas cut cost now.....all oil.n gas companies heading to Holland now.

Posted by i_investor > 2016-01-22 11:11 | Report Abuse

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Located offshore Peninsular Malaysia, Ophir oil field is being developed by Ophir Production, a joint venture of field operator Octanex with a 50% interest, Scomi Energy Services (30%) and Vestigo Petroleum (20%), a subsidiary of PETRONAS.

Declining oil prices impacted the field development plan that was revised accordingly to take advantage of low industry costs.

Cost savings of approximately 30% were identified and the capital budget was revised to $90m.

The new field development plan was approved by PETRONAS in September 2015.

A syndicate comprising Malayan Banking (Maybank), RHB Bank and United Overseas Bank is financing the project. A loan of up to $118.76m will be provided to cover 75% of the planned expenditure for a period of four years, in addition to a bank guarantee facility of $13.5m.


See more at : http://www.offshore-technology.com/projects/ophir-oil-field-development/

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Posted by i_investor > 2016-01-22 14:38 | Report Abuse

Being hybrid enable SCOMIES to effectively ride on oil price cycles with resilient earnings. When oil price rises, SCOMIES benefits from increased O&G contracts flows, and when oil price slumps, transport activities are robust due to high demand and low vessels fuel costs, as well as strong 95% of their revenue in US dollars.

RECAP :
The weakening ringgit has left Scomi Energy Services Bhd (SES) in a stronger position, as around 95% of their revenue is in US dollars with only 5% coming in from Russia and paid in rouble.

- See more at: http://www.themalaysianinsider.com/business/article/weak-ringgit-good-for-us-says-scomi-energy#sthash.u4iqMEMU.dpuf


Scomi Energy order book gets US$41.6m job extension.

-See more at: http://www.thestar.com.my/business/business-news/2016/01/15/scomi-energy-order-book-gets--job-extension/


SCOMI EARNINGS REFERENCE http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458XF300

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Posted by CUTLOST > 2016-02-07 11:01 | Report Abuse

OUT OF PERFORMING CHART..MAY BE WILL FOLLOW SCOMI

Posted by i_investor > 2016-02-10 11:58 | Report Abuse

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OCTANEX: http://www.octanex.com.au/

OCTANEX DIRECTOR SHARE PURCHASE: http://www.octanex.com.au/publication/view/director-share-purchase/

OPHIR OIL FIELD – DEVELOPMENT DETAILS : http://www.octanex.com.au/activities/ophir/


The new field development plan was approved by PETRONAS in September 2015.


A syndicate comprising Malayan Banking (Maybank), RHB Bank and United Overseas Bank is financing the project. A loan of up to $118.76m will be provided to cover 75% of the planned expenditure for a period of four years, in addition to a bank guarantee facility of $13.5m.


See more at : http://www.offshore-technology.com/projects/ophir-oil-field-development/


SCOMI EARNINGS REFERENCE http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458XF300


OCTANEX: http://www.octanex.com.au/

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Posted by value_invest > 2016-02-16 10:54 | Report Abuse

Seem good time to bottom buy

Posted by value_invest > 2016-02-16 11:09 | Report Abuse

up tick,,,Buying

Posted by value_invest > 2016-02-18 16:22 | Report Abuse

Time to buy...

Posted by i_investor > 2016-02-18 19:58 | Report Abuse

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IJM Corp Bhd will emerge as the single largest shareholder of SCOMI Group Bhd with about 24.36% stake via a RM110 million renewable convertible bonds issue.

Converted 348,873,287 shares at 36.5 sen per share.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5002365

RECAP:

IJM set to be SCOMI's single largest investor
( more details: http://www.ijm.com/web/newsroom/what_130201_bt.htm)

SCOMI up 10% after IJM says will buy stake
(more details: http://www.themalaysianinsider.com/business/article/scomi-up-10pc-after-ijm-says-will-buy-stake)

IJM entry allows SCOMI to obtain RM118m bridging loan
(more details: http://www.ijm.com/web/newsroom/what_130117_ed.htm)

IJM, SCOMI in the running for the RM27Bil PDP (PRASARANA) job:
(more details: http://www.thestar.com.my/business/business-news/2014/07/12/prasarana-joins-the-fray-fed-govt-entity-keen-on-proposed-transport-job-on-penang-island/ )


SCOMI EARNINGS REFERENCE http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458XF300

SCOMI profile: http://www.scomi.com.my/GUI/video/klmonorail/video_rail.html

SCOMI: http://www.scomigroup.com.my/


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Posted by value_invest > 2016-02-19 09:36 | Report Abuse

GOOD NEWS

Posted by value_invest > 2016-02-19 09:37 | Report Abuse

Time to buy

Posted by value_invest > 2016-02-19 09:42 | Report Abuse

IJM choose to convert the bond to mother shares at RM0.365 instead to redeem the bond.. GOOD NEWS

Posted by value_invest > 2016-02-19 09:42 | Report Abuse

anyone know why?

Posted by i_investor > 2016-02-19 10:08 | Report Abuse

It means the bond has been redeemed and converted to SCOMI shares at RM0.365 per share! It is good news!

Posted by value_invest > 2016-02-19 10:12 | Report Abuse

good time to buy more

Posted by i_investor > 2016-02-19 10:13 | Report Abuse

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IJM among 5 frontrunners for RM2bil MRT 2 viaduct job. (The Star) with competitive advantage SCOMI (24.36% owned) as IJM's MRT solutions arm .

IJM Corp Bhd has emerged as the single largest shareholder of SCOMI Group Bhd.

Construction jobs from MRT 2 are expected to be awarded from next month (The Star)

RECAP:

IJM set to be SCOMI's single largest investor
( more details: http://www.ijm.com/web/newsroom/what_130201_bt.htm)

SCOMI up 10% after IJM says will buy stake
(more details: http://www.themalaysianinsider.com/business/article/scomi-up-10pc-after-ijm-says-will-buy-stake)

IJM entry allows SCOMI to obtain RM118m bridging loan
(more details: http://www.ijm.com/web/newsroom/what_130117_ed.htm)

IJM, SCOMI in the running for the RM27Bil PDP (PRASARANA) job:
(more details: http://www.thestar.com.my/business/business-news/2014/07/12/prasarana-joins-the-fray-fed-govt-entity-keen-on-proposed-transport-job-on-penang-island/ )

Scomi Group Bhd may be attracting attention of late as the tenure of its three-year RM110 million convertible bonds issued to IJM Corp Bhd:
( more details: http://www.theedgemarkets.com/my/article/what-will-ijm-do-its-interest-scomi )


SCOMI EARNINGS REFERENCE http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458XF300

SCOMI profile: http://www.scomi.com.my/GUI/video/klmonorail/video_rail.html

SCOMI: http://www.scomigroup.com.my/

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Posted by i_investor > 2016-02-19 14:28 | Report Abuse

.

KEEN ON FIGHTING FOR THE CONTROL OF SCOMI - THIS IS GOOD NEWS !!!


Previously, Shah Hakim @ Shahzanim Zain was the company’s single largest shareholder.

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 more than double its current share price of 15 sen.

The conversion will give IJM an immediate 24.4% stake in the SCOMI from an earlier 7.66% .

It showed IJM's confidence in Scomi Group,

The conversion price was at a discount to Scomi Group’s latest reported book value per share of 47 sen.

IJM Corp Bhd has emerged as the single largest shareholder in Scomi Group Bhd after converting its bonds to equity.

Pursuant to this transaction, Shah Hakim will see his effective direct and indirect stakes in Scomi being diluted to 18.3%.

Datuk Kamaluddin Abdullah, a major shareholder, will see his effective stake being diluted to 9% from 11.08%.

Major institutional holding funds such as Amadia Investments Ltd, TAEL One Partners Ltd and United Overseas Bank Ltd will also see each of their stakes being diluted to 7.9%, respectively.

It would be interesting to see how the company deals with its increased shareholding in the Scomi Group.

Shah Hakim and Datuk Kamaluddin Abdullah, son of former prime minister Tun Abdullah Ahmad Badawi will have to GRAB THE SHARES OF SCOMI from open market in order to increase their stake of control in SCOMI but shareholders may not let go their shares at any price below 40 sen.

Hence, the share price of SCOMI is GOING TO SPIKE UP !!!


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Posted by value_invest > 2016-02-22 09:14 | Report Abuse

The crown jewel is scomies which contribute 90% of profit and has rm200mil cash...scomi control 65% of scomi energy.. if the want to enhance value or take private, most likely is scomi energy

Posted by value_invest > 2016-02-22 09:41 | Report Abuse

good time to buy at this price

Posted by chinaman > 2016-02-22 11:19 | Report Abuse

Just top up scomi energy..... I believe IJM has the capacity, expertise, vision to take over & TURNAROUND all scomi & related son co.

Posted by value_invest > 2016-02-22 12:23 | Report Abuse

Scomi energy offer best value among the group.. In the down turn, scomi energy still can maintain profitable and annual cash flow of RM200mil...

Posted by value_invest > 2016-02-22 16:24 | Report Abuse

Good news..