Posted by WallStBull > 2018-01-25 12:20 | Report Abuse

waiting for a bit at 0.12

Posted by limkokthye > 2018-01-25 16:17 | Report Abuse

stuck at 18sen ccb

Posted by longvalley > 2018-01-27 08:16 | Report Abuse

Buy $ 0.13........lets see the holding power or not.......after T4........
........

Posted by limkokthye > 2018-01-28 19:44 | Report Abuse

Scomies when you wake up leh?

Posted by longvalley > 2018-01-29 08:39 | Report Abuse

Lets see 2 dy......!

Posted by Astotti > 2018-01-29 14:00 | Report Abuse

http://www.enanyang.my/news/20180124/ijm%E8%AE%A2%E5%8D%95%E8%B6%85%E5%89%8D%E8%BE%BE%E6%A0%87br-%E5%86%803%E6%9C%88%E5%89%8D%E5%86%8D%E8%8E%B7%E5%90%88%E7%BA%A6/

Posted by limkokthye > 2018-01-29 17:55 | Report Abuse

Cb stock

Posted by longvalley > 2018-01-29 18:10 | Report Abuse

Just hold............!!!!

Posted by Stockhunter85 > 2018-01-29 20:52 | Report Abuse

hold .... first tp for this year is 0.27. Ophir revenue coming in soon.

Posted by Mohd Fahmi Bin Jaes > 2018-01-29 20:55 | Report Abuse

Down

Posted by longvalley > 2018-01-30 07:36 | Report Abuse

Gogokbelok.....8 13.......!!!!

Posted by Comeonbaby > 2018-01-30 09:28 | Report Abuse

All kena trap liao

Posted by limkokthye > 2018-01-30 09:52 | Report Abuse

cb stock aaaaaaaaaaarrrrrrrrrrrrrrrrrrr

Posted by limkokthye > 2018-01-30 10:01 | Report Abuse

i will keep until rebound,buy more at 12.5sen

Posted by limkokthye > 2018-01-30 10:08 | Report Abuse

q at 12sen,

Posted by longvalley > 2018-01-30 12:50 | Report Abuse

Gogokbelok.........!!!

Posted by fhis > 2018-01-30 16:02 | Report Abuse

i think it is about to move up...watch closely

Posted by Stockhunter85 > 2018-01-30 17:58 | Report Abuse

Someone already start collecting ... i think getting more and more people found this gem d. Ophir revenue coming !!!

Think yourself ... why they refused to merge with scomi group

Posted by Astotti > 2018-01-30 21:01 | Report Abuse

monitor closely

Posted by longvalley > 2018-01-31 08:14 | Report Abuse

I just use (goggokbelok strategy)....................
Most index down.........!!!!!!!

Posted by longvalley > 2018-02-01 15:04 | Report Abuse

Hopefully collect more b4 cny......!
any ide....?

Posted by WallStBull > 2018-02-02 12:46 | Report Abuse

Q more @ 12

Posted by WallStBull > 2018-02-02 16:31 | Report Abuse

The wait is worth it.. https://www.offshoreenergytoday.com/mexico-awards-19-offshore-blocks-hopes-for-93b-investment/

Posted by longvalley > 2018-02-02 17:27 | Report Abuse

Tis scomies style....more u collect more the price go down...........but thyr still collect.......
if got bullet just collect.........!!!
novory.......

Posted by nippy65 > 2018-02-02 20:40 | Report Abuse

WallStBull, in the offshoreenergytoday, the name Ophir mentioned in it that of Ophir Production Sdn Bhd ? May not be the same.

Posted by WallStBull > 2018-02-02 23:35 | Report Abuse

hmmm.... belongs to: https://www.ophir-energy.com

Posted by WallStBull > 2018-02-02 23:37 | Report Abuse

Nevertheless, the ophir oilfied shld be of good :)

Posted by asianmarket > 2018-02-05 21:42 | Report Abuse

sellers dried up. scomies is getting ready to move from here..

Posted by longvalley > 2018-02-06 07:49 | Report Abuse

Q 0.9 c.........!

Posted by somersby > 2018-02-06 09:33 | Report Abuse

r.i.p

Posted by freeman > 2018-02-06 22:43 | Report Abuse

Fspo has capacity of 350k barrel
At cride price of 60
That translate 21mil usd sale
Scomies 30% = 6.3 mil usd for scomies
Equal RM25mil

Posted by freeman > 2018-02-06 22:51 | Report Abuse

Scomies complete 1st lifting of oil in quarter dec 17

Posted by freeman > 2018-02-06 22:53 | Report Abuse

Should be reflected in coming quarter result of dec17

Posted by freeman > 2018-02-07 09:47 | Report Abuse

google australia stock exchange announcement dated 31 jan 18

Posted by nippy65 > 2018-02-07 11:14 | Report Abuse

freeman, would all the earnings from OPHIR be wiped out by OSV, marine transport, drilling , waste management and drilling chemical divisions ?

Posted by freeman > 2018-02-07 12:18 | Report Abuse

For qr dec17.. not sure
For coming quarter.. income from ophir high probability will give positive a +ve p&l

Posted by JaJa7777 > 2018-02-07 13:35 | Report Abuse

Freeman, the price of the sale is not profit - cost of recovery and production, storage, transport and an awful lot of other things come in to it, at current prices what you are left with is about 18-20 bucks a Bbl, Scomi would then get their 30% of that as revenue, its not going to cover their current operating costs and losses let alone cover any other services.
Also don't forget that ES has group sitting with 65%..

Posted by JaJa7777 > 2018-02-07 15:02 | Report Abuse

Am i right in saying from their financial statements that NP for Q1 Q2 and Q3 2018 = -115 Million.
So lets add -20 (At a guess) for Q4 = -135 million
How does that sit with potential revenue from Ophir?

Posted by freeman > 2018-02-07 15:09 | Report Abuse

Most of the losses from one off transaction. I.e write off / impairment of asset

Posted by freeman > 2018-02-07 15:13 | Report Abuse

What im saying regarding ophir is crude price = revenue
Whatever cost sharing will also be translated in p&l


Safe to say
Revenue - cost per barrel = profit ber barrel
Production cost already included as cost per barrel

What may not yet accounted for regarding oil wells is admin cost

Posted by JaJa7777 > 2018-02-07 15:34 | Report Abuse

Impairment of asset, was that not just Q1?? which pushed it up to -76 million.
Depreciation of assets and equipment still goes on which lowers the net worth
whats not to say there will be more write-offs and impairment of asset????
Unfortunately when there are so many negative figures around there is no Profit and it is only additional revenue, we are looking at a company with many facets not just a one off operation...

Current revenue is way below operating costs and that's not including any loans and other costs etc etc
Other than Ophir there has been no additional revenue, i believe it has dropped even further than Q3
The operating costs should not have changed, loans, costs and idle assets are still there and as far as i know have not changed either.

Posted by freeman > 2018-02-07 19:24 | Report Abuse

I have not closely review the quarter result lately
But if not mistaken the cash flow from operating was positive

Marine services in indonesia was good
Osv vessel in malaysia might not generate much revenue
But as long as the loan can be serviced/ manageable total debt, then it would be no problem

The impairment = about the fair value of the vessel, auditor has suggest to impair because rule of frs
Realized value vs projected income from the vessel; which i disagree.. as cost to build new vessel still the same

Posted by JaJa7777 > 2018-02-07 20:16 | Report Abuse

Rev = 152M, cost of sales -129M + all other operating costs = NP -20M for Q3
Net worth is dropping by approx. 50M QOQ
Assets have dropped by 100M in the last Qtr
Loans sitting at 46M

Cost of a new vessel may be the same but an old one sitting idle will still depreciate and if it is none revenue generating, forecasting is a great thing but realization and securities against it are another.

If there are no new assets and the current assets continue to devalue (As they do) or are written-off that and falling revenue the net worth will also continue to fall.
Banks don't like that.... especially looking at the track record for the last few years and when you are betting with their money???? will not be long before they will want more than just the loan serviced.

Posted by JaJa7777 > 2018-02-07 20:38 | Report Abuse

Sorry - I made a mistake there.
Total loans and current liabilities are sitting at 514M

Last x4 qtrs Rev = 671M

Assets = inventory / trade and receivables = 495M and of that 143M is up for sale.

If you dont have the assets and the rev =/- the liabilities that and the COS remains the same its time to close the doors, they are perilously close to that mark now.

Posted by freeman > 2018-02-07 22:28 | Report Abuse

Do not combine current liabilities with long term loan.. it is more meaningful if u gave current asset ratio to show ability of the co to generate income

Depreciation / impairment does not reflect / affect operation, it is a non cash item.. unless the asset is really obsolete which the vessel is not

Scomies does not have high gearing as what sgb or scomien

Have no worry about that

Posted by longvalley > 2018-02-08 07:10 | Report Abuse

Gd info......frn.........!
hopefully..............
not to early............

Posted by longvalley > 2018-02-08 07:39 | Report Abuse

Octanex prdc.....!??

Posted by 8888010 > 2018-02-08 09:59 | Report Abuse

Hi, I bought scomies at 0.175 at Jan 18, please give advise to cut loss or
buy now at 0.115 to balancing the shares pricing, TQ in advance.

Posted by somersby > 2018-02-08 10:07 | Report Abuse

i also buy at 18c, wtf kena tipu

Posted by somersby > 2018-02-08 10:07 | Report Abuse

hold la, dont buy dont sell