Posted by freeman > 2019-10-15 09:28 | Report Abuse

hmmm
i talk about CR and CS
these people calling me joker, then Calvin please show your calculation of scenario CAPITAL REDUCTION and CAPITAL CONSOLIDATION..
I failed my primary school math? by saying that will upgrade u to phd holder?
u dont have to resort to name calling and being personal lah.. be professional
we dont communicate through maki hamun and hina org.. it just showing what kind of person u are
we communicate through fact, figure, calculation, analysis here..
then present your calculation..
by the way i m not going to call u joker ;)

Posted by freeman > 2019-10-15 09:30 | Report Abuse

the scenario is CAPITAL REDUCTION and SHARE CONSOLIDATION

Posted by freeman > 2019-10-15 09:31 | Report Abuse

do not focus only on SHARE CONSOLIDATION to mislead others

Posted by Monkeymum > 2019-10-15 09:35 | Report Abuse

Monkey calvin not bring monkeys hip hopper n actors here .. how can price up...

Posted by Monkeymum > 2019-10-15 09:37 |

Post removed.Why?

Posted by freeman > 2019-10-15 09:46 | Report Abuse

i m sharing my experience of fear.. when scomies management propose for CR, CS and merger last time.. thank God, we minority shareholder able to block the proposal.. when reference price they use is lower than your cost.. instantly u will facing huge loss..
imagine if your cost is 0.12 and they use the reference price of 0.08?
they will issue proper announcement later, only then u will know at what price they will use as reference price.. normally the market price of " that specific date"

Posted by freeman > 2019-10-15 10:01 | Report Abuse

your cost 100k x 0.12 = $12,000

reference price at entitlement date let say = 0.08

your value will be 100x 0.08= 8,000

at this point yr loss is 12000-8000=4000 (33%)


post CR & CS
CR yr unit holding will reduce to 50% = 50000 x 0.08=4000
CS 5:1 yr unit holding will be 10,000 x 0.4=4000


your lost 12000 - 4000 = 8000 (66%)

Posted by freeman > 2019-10-15 10:02 | Report Abuse

anyone want to share their calculation?

Posted by scomies > 2019-10-15 10:14 | Report Abuse

Freeman I doubt u don't even understand what are you talking about. Who teaches you that CR holding will reduce to 50%? Can you try to learn to use Google?

Posted by freeman > 2019-10-15 10:22 | Report Abuse

dont use usename "scomies" lah, u r misleading.. creating new profile just for the sake of insulting?
if u asking for clarification and my insight please ask politely.. have adab
they will chop their capital for $560Mil
thats meant 50% or current capital

Posted by freeman > 2019-10-15 10:34 | Report Abuse

Unless...
The CR is only accounting adjustment

Posted by ggbingo > 2019-10-15 10:58 | Report Abuse

i bought scomies at 0.12 after calvin make the buy call...i cut loss scomies and switch to redtone... make another big lossess on redtone again. how many time do i need to cut loss and switch here and there.. i am deed to be loser forever...damn...

Posted by Gatsgats > 2019-10-15 11:51 | Report Abuse

i also sold all my scomies at same price 0.085 shud queue sell yesterday at 0.9 could make quick profit yesterday haha , today lose little bokerage

Posted by T800Terminator > 2019-10-15 12:08 | Report Abuse

Ppl bought when scomies is 0.065. Why chase at 0.12 and you believe Calvin? What I see now after 5:1, 0.30 is the max.

Posted by calvintaneng > 2019-10-15 14:45 | Report Abuse

Wahaha!!!

Calvin just bought Scomies at 8.5 sen and 9 sen!!

Yummy!!

Posted by calvintaneng > 2019-10-15 14:48 | Report Abuse

Great Sifu Warren Buffet told us this successful behavior:

Be greedy when others are fearfully selling

If CEO hold 1.8 million scomies at 10.5 sen not selling even one scomies shares why should you guys panic?

Fear not

Keep strong

You will be rewarded!

Posted by rozis > 2019-10-15 14:55 | Report Abuse

follow market trend if u want to win

Posted by calvintaneng > 2019-10-15 15:28 | Report Abuse

If scomies Ceo dares to buy scomies at 10.5 sen Calvin is sure very happy to buy now below his cost

Last time Ptaras Jaya bought Ptaras Jaya at Rm1. 90 and Calvin and his johor sifu bought Ptaras at only Rm1. 40

Why be afraid to buy below insider /director buying price?

Later Ptaras gone up 500% to Rm7. 00 and split

Calvin's johor sifu said he made Rm1. 5 millions just from holding Ptaras jaya

Posted by GTMS > 2019-10-15 15:28 | Report Abuse

share consolidation will it end up asking shareholders to buy in more shares at "discouted" price ? But normally end up worst... look at Rowsley and now Thompson medical ? haiz

Posted by simon > 2019-10-15 15:30 | Report Abuse

share price shall be stabil, keep stronger

Posted by calvintaneng > 2019-10-15 16:27 | Report Abuse

No from Calvin's experience Share consolidation is opposite of private placement or rights issue

For the above they ask for monies

Share consolidation usually done to give you something

In pm Corp they gave 8 sen

In Rcecap they gave 7.5 sen

In mulpha they gave free mudajaya shares

So don't worry

I think most probably Scomies going to reward shareholders

See

CEO top boss has 1.8 million scomies shares at 10.5 sen

There is no reason why he wants to harm his own interest

So Calvin happily, merrily bought more Scomies today

How come I so happy happy like a baby?

Posted by Yam13 > 2019-10-15 17:04 | Report Abuse

that shows scomies is still stable, all negative talk and still 0.0090

Posted by Johnchew > 2019-10-15 17:11 | Report Abuse

Today all calvin fiberlisation counters dip...

Posted by wellness > 2019-10-15 21:24 | Report Abuse

Don’t be panic and just keep buying on the dip as this company earning will be back soon

Posted by Monkeymum > 2019-10-16 05:49 | Report Abuse

Calvin also said want buy netx 0.025 .. closing 0.02 .. yummy juga...

Posted by Cnlim > 2019-10-16 08:11 | Report Abuse

Haha if Calvin Know when the price will go up better ask god

Posted by Yam13 > 2019-10-16 10:58 | Report Abuse

0.95 wow, keep going up.. this is a tough stock to beat up

Posted by Yam13 > 2019-10-16 11:04 | Report Abuse

up trend is showing... high volume

Posted by Yam13 > 2019-10-16 11:10 | Report Abuse

up again... 0.1 now .. wow

Posted by simon > 2019-10-16 11:14 | Report Abuse

wow, strong hand support, getting stronger & stronger !

Posted by simon > 2019-10-16 11:16 | Report Abuse

Mr Calvin, give you thumbs up!

Posted by Yam13 > 2019-10-16 11:17 | Report Abuse

yes support all the way this counter

Posted by Macrullen > 2019-10-16 11:31 | Report Abuse

Sadly the mukhriz user said bought 85 but shout will further down sold back. Now 95, I3investor many keyboard warriors

Posted by freeman > 2019-10-16 12:14 | Report Abuse

After an active spike up.. there will be correction down.
hype at 0.12 can go down to 0.085
hype at 0.95 can go down to?
it is still downtrend.. no point to go againts the tide
still many not comfortable with CR and CS

Posted by calvintaneng > 2019-10-16 12:15 | Report Abuse

Calvin congratulates all who bought cheap!!

Posted by Ron90 > 2019-10-16 12:29 | Report Abuse

mind you...60% + shareholders of scomies are Scomi. !!

Posted by Peter Leong > 2019-10-16 13:36 | Report Abuse

Believe me, it is a good counter if you have holding power.

Posted by freeman > 2019-10-16 15:44 | Report Abuse

11mil volume.. but the price not moving.. by next tuesday it will down further

Posted by Superb99 > 2019-10-16 16:03 | Report Abuse

Up to 10 cents then down to 0.085... Wtf

Posted by averose > 2019-10-16 18:00 | Report Abuse

Good explanation by scomies


Your focus should be on share consolidation instead of capital reduction.
After share consolidation, number of share is less by 5 times and the share price increase by 5 times. Share price is easily to move up as number of shares is lesser and fund managers would be more welcome a 50 sen share than a 10 sen share. It have a positive impact if the company prospects is turning good.

Based on last quarter report, the marine segment has reported an operating profit of 38 mil and the trend is foresee to be better instead of worsening by looking the industry as a whole. While for the drilling fluid and waste management, the company just awarded 600 mil contract from Kuwait, Ofcourse the segment profit will be better again.

Please do your own homework.

Posted by winmal > 2019-10-16 21:06 | Report Abuse

drilling activities have been picking up .. will have better business for scomies

Posted by calvintaneng > 2019-10-16 21:25 | Report Abuse

AVEROSE IS CORRECT

LAST QUARTER IF YOU READ BALANCE SHEET MORE CAREFULLY THERE WAS AN INCREASE OF RM38 MILLIONS PROFIT FROM MARINE OPERATION

RM72 MILLIONS IMPAIRMENT TURNED IT NEGATIVE

NEXT MONTH IMPAIRMENT WILL BE NO MORE AND WITH RM600 MILLIONS DRILLING MUD SUPPLY TO KUWAIT OIL CORP THINGS SHOULD SHOW A TURNAROUND

NOW WHY SCOMIES GOING FOR SHARES CONSOLIDATION?

IF YOU CHECK UP BURSA ANNOUNCEMENTS YOU WILL SEE THAT SCOMI MOTHER TRANSFERRED AND CONSOLIDATED ITS SHARES INTO NOMINEE ACCOUNTS
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6279749

A TOTAL OF 65.64% OR ABOUT 2/3 OF SCOMIES SHARES OWNED BY SCOMI

IT LOOKS LIKE SCOMI WANTS TO CASH OUT SOME MONIES FROM SCOMIES

YOU MUST KNOW THAT WHEN SCOMI MOTHER SOLD THE DRILLING FLUID BUSINESS TO SCOMIES FOR OVER RM1 BILLIONS = SCOMI WAS PAID IN PART SCOMIES SHARES WORTH 47 SEN A PIECE

SO NOW SCOMI LOOKS LIKE IT NEEDED REAL CASH INSTEAD OF JUST HOLDING 65.64% OF SCOMIES

WILL SCOMIES AFTER CAPITAL EXERCISE GIVE A CASH PAYOUT

FOR THAT WE SHOULD CONSIDER MUI GROUP. IN YEAR 2012/13 MUI GROUP NEEDED MONEY BECAUSE OF ITS LOSING BUSINESSES FROM METROJAYA (LIKE LION GROUP LOSING IN PARKSON)

SO MUI GROUP USED PM CORP TO DO A CAPITAL CONSOLIDATION TO WIPE OFF PAST LOSSES FROM BALANCE SHEET. ONLY THEN COULD PM CORP GAVE A CASH PAYOUT OF 8 SEN

THIS IS THE ONLY REASON WHY SCOMIES WILL SPEND MONEY TO DO A CAPITAL EXERCISE

CEO BEING SO FRUGAL WON'T AGREE TO WASTAGE UNLESS IT BENEFITS COMPANY AND ALL INVOLVED

SO CEO AND SHARE HOLDERS PLUS SCOMI MOTHER WILL ALL GET SOME CASH PAYOUT LATER?

I MIGHT BE WRONG

ANYONE GOT BETTER IDEA?

REGARDS

Calvin

Posted by Johnjohn69 > 2019-10-17 08:02 | Report Abuse

Morning all and happy trading today! Scomies will do well today.

Posted by winmal > 2019-10-17 09:32 | Report Abuse

q to buy more. Good luck

Posted by 7300 > 2019-10-18 00:14 | Report Abuse

why no bonking 007.neck long long

Posted by Yam13 > 2019-10-18 10:44 | Report Abuse

steady at 0.9... good resistance to move

Posted by Superb99 > 2019-10-18 13:20 | Report Abuse

i think need to wait for quite long for this counter, keep in the freezer first...lol

Posted by pertamina > 2019-10-19 10:35 | Report Abuse

I am the supporter of Calvintaneng. He suggests a stock with facts. To follow fa u need patient. U need to combine fa with ta to maximize profit. Calvin suggestions is more long term not for people who always look at the price only.

Posted by Superb99 > 2019-10-19 11:33 | Report Abuse

I am not sure about previous comments by Calvin but recently he did introduce some good counters, I think better than many sifus like the one recommended hengyuan before....they collected money from you and provided wrong recommendations

Posted by Softjamiela > 2019-10-19 12:18 | Report Abuse

Agree with pertamina. Agree with calvintaneng. Scomies not for buy today sell today punters