Calvin, you don't everytime talk chun chun, we follow your buy call chun chun in Destini. Now the price is 0.20, later will go down to less than 0.20sen
Calvin, you don't everytime talk chun chun, we follow your buy call chun chun in Destini. Now the price is 0.20, later will go down to less than 0.20sen
DESTINI DEPENDS ON THESE 3 1) ECRL (Now still waiting) 2) Aerospace 3) OGSE support (Wait for Petronas Job awward)
There are many shares with great potential Only catalyst can unlock value
For Scomies it is the contract with Kuwait Oil Corp for Rm610 mil Plus the sudden increase of oil drilling caused by bombing in Saudi that will spur sales
All the positives in Scomies now are now surfacing
This hidden gem of great value has be hidden and unknown for far too long
All have overlooked these
1. The assets listed in Scomies book value are at rock bottom prices
One 5 storey freehold shophouses in pj only has a book value of rm170k when it should be revalued at Rm6 millions current market value.
One piece of land was valued at Rm10,800. Land size about 2000 sq ft After a building has been erected on the said land about 10,000 sq ft or about 5x or 5 storey
How come this said expty land has a book value of Rm10,800 but after a 5 storey building is constructed on it the value evaporates to "zero"
A very very care reading shows the space for pricing is just a "blank"?
Amazing indeed. How come Scomies auditor could give that a miss?
What about the Sepang 3 plots of freehold lands which have a Book value of only Rm2.20 per SQ feet?
Scomies is even more undervalue than karambunai's lands in Malaysian Vision Valley which was taken private at 11 sen per shares
Karambunai lands got only leasehold status while Scomies ones are freehold
How come kbunai with only 4 pieces of lands and a neglected resort is worth 11 sen while Scomies got even cheaper assets of better value plus world beating drilling fluid oil business worth only a mere 12 sen
Scomies drilling fluid is made with German technology. German technology can rival the Japanese just as German cars are more superior than Jap made cars
BMW, Mercedes and Audi are better than Honda, Toyota and Nissan. So Scomies drilling fluid with German tech is world class
Kuwait has just signed a supply contract worth Rm610 millions with Scomies. Saudi is having jv with Kuwait for oil extraction. If Saudi aramco discovers this exceptional nature and quality of scomies biodegradable drilling fluid and appoint scomies as it's main supplier then Scomies share price will go through the roof.
Unlike other conventional drilling fluid scomies ones are made from palm kernel oil which is biodegradable and can be safely discharged into the world's oceans
And Malaysia has palm oil trees in abundance. No other country except Indonesia has so many palm oil trees in the world
Just as fresh rubber latex made Malaysian Glove companies like topglove, kossan and supermax world beaters so bio drilling fluid by Scomies will also make it a world beaters as it has already captured 10% of the world's market share
Increasing demand for scomies drilling fluid due to
1. Petronas has increased oil rigs from 18 to 28 this year or an increase of 55% So more demand for drilling oil
Drilling oil is needed to reduce friction and help lubrication in drilling process just as engine oil helps cool down the car engines
2. Petchem has even signed two jv agreement with Scomies this year
3. And the best news for Scomies is the increasing prospect of additional increase of oil drilling rigs for year 2019 compared to year 2018. And this news was in March 2019 long before Saudi oil fields got attacked
4. Now that Saudi oil fields have been bombed there will be a mad stampede for new oil exploration and drilling. This will be a booster to Scomies
With foresight of deep hidden value plus better prospects ahead of scomies even scomies own CEO has bought 1.8 million shares at 10.5 sen for the 1st time with his own personal money
If he is willing to commit buying at 10.5 sen from open market (not esos) how much do you think he expects scomies price to go up?
I took profit too early on carimin after buying it at 39 sen
Carimin today crossed Rm1. 00 and people still chasing it.
So I had learnt my lesson. Carimin got no secret weapon like Scomies Scomies has the world class world beating drilling fluid made from palm kernel oil
Once scomies fly over 20 sen those who sell now will regret deeply
Those who sold carimin too early at 60 sen couldn't get back in till now
So don't be too clever hor
If like karambunai now suddenly taken private at 11 sen (Calvin buy call was 6.5 sen) if Petronas suddenly offer to take scomies private at 25 sen then how?
8888010 u should do averaging lah.. for example if you had bought some of scomies share at 0.045 with the same quantity as what you holding with only 30% of your original cost 0.175.. your new average cost will be around 0.1
our bursa mkt really no new money coming in... so don't expect fireworks...lots of rolling over activities daily....no one is pouring new money in here
Truth is always truth, see it now. When box is filled with valueable, the box must not be called empty box since it is filled up.
When SCOMI is filled with 65.63% of SCOMIES worth, the SCOMI value must also be reasonable move up in tandem otherwise there will be logic error and loop hole, which is a extremely cheap proxy back way to own SCOMIES via SCOMI, it is a leak !
When SCOMIES market capital is worth RM292,750,000.00 , SCOMI GROUP OWNS ABOUT 65.63% OF SCOMIES SHARES worth RM192,131,825.00 , SCOMI share issued is 1,094,000,000 RM192,131,825.00 dIvided by 1,094,000,000 shares = SCOMI reasonable price worth at least 17.5 SEN per share, so SCOMI price should move in tandem with SCOMIES.
So logically, if SCOMI is not moving up further to reasonable price, with big gap, SCOMIES is hard to move further too, it is because of the logic syncronization, otherwise there will be a leak!
Guess have to wait till the waiver is approved. However there is hope because SCOMI triggered PN17 criteria as its shareholders' equity spread was less than 25% of its issued share capital and the equity dropped below RM40 million. BJ Land 15% public shareholding Bursa also can accept , so good chance for SCOMI to be waived too.
So meanwhile, we monitor any sign of buying up accumulation as they know faster and better for the news which we do not know.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
BIGAPETITE
80 posts
Posted by BIGAPETITE > 2019-09-23 12:42 | Report Abuse
another contract won will put scomies even 'luckier' , don't discount the possibilities