this stock is still cheap, counting the Oilfield and energy logistic biz injected into it, we can assume 60mil net profit (check Scomi grp result last Q). its about 5.x time PE, assuming 8 PE (still cheap compared to other O&G stock), the price has much much more upside, stay on the ride. :)
wat i meant was the group of people that played it down have already left. The company is good. There r a bunch of big players im playing with. They sell i sell. That simple. :) ill keep an eye on this stock since i like this stock anyway..
o.k looks like BOOM time for scomies now since the results are out - no wonder Shah is busy collecting. darn too bad DJ was down today otherwise this will probably fly Mon :)
The company is good fundamentally, its just that i follow the big group of people who pushes the price and take profit. I think after they take profit, the price was too low n thats why ppl bought it again. but shit i did not buy back when it hit 55!
martiniclub7 u think the big group of people will come back and then push it up again? maybe the big group of people lost to the small group of people (retail)?this time and if they want to take revenge they will again push it up to trap the small group of people and then cabut. now it's either big win or small win and small will win if big quit and does not come back again. I neither trust big nor small and at the moment looking at Ayatollah's move only :)
Scomies will be the main mother share of Scomi Group. Pre-tax loss of RM87.74 million for the 12 months ended Dec 31, 2011 (FY11)now reported a pre-tax profit of RM137.15 million for the 15 months ended March 31, 2013 (FY13). Another war chest for Khairy and geng,so easy get Petronas and Exxon contracts as well as those in Myanmar and Turkmenistan paying under table monies.
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....
kjk85
260 posts
Posted by kjk85 > 2013-05-29 16:17 | Report Abuse
be patient, 65 cent still intact. lots of profit taking activity today