Posted by Superb99 > 2019-12-03 11:34 | Report Abuse

this counter is super slow

Posted by calvintaneng > 2019-12-03 11:36 | Report Abuse

GOOD FUNDAMENTAL AND BETTER THAN ALAM

Posted by simon > 2019-12-03 12:01 | Report Abuse

SCOMI ENERGY SERVICES BHD (I) PROPOSED SHARE CAPITAL REDUCTION; AND (II) PROPOSED SHARE CONSOLIDATION - already approved, very soon no. of share just only 468mil with indicative share price as state before 57.5 sen, no problem with share holder fund , no issue with PN17.

Posted by T800Terminator > 2019-12-03 12:53 | Report Abuse

But Scomi suspension today. Pray hard.

Posted by calvintaneng > 2019-12-03 14:05 | Report Abuse

Share consolidation very ok

These gone thru share consolidation before

Lafarge
Suria capital
Rce capital

All ok

So scomies ok

Posted by mukhriz02023 > 2019-12-03 14:21 | Report Abuse

Scomi waiver for PN17 already been rejected for your info

Posted by calvintaneng > 2019-12-03 14:49 | Report Abuse

I know

That is scomi mother

Scomi Energy fundamental is different

Posted by freeman > 2019-12-03 15:08 | Report Abuse

At agm, ceo feedback is positive about waiver from sc and bridging loan from bank

Posted by chimchim > 2019-12-03 16:11 | Report Abuse

https://www.thesundaily.my/business/scomi-group-now-a-pn-17-company-IB1704129

Posted by SGproptrade > 2019-12-03 16:52 | Report Abuse

Calvintaneng, Scomi Group's PN17 waiver depends very much on Scomi Energy's existing business, if Scomi Energy is fundamentally healthy, Scomi Group would have not fail.

Since Scomi Group has fallen into PN17, most likely Bursa will also reject Scomi Energy's PN17 waiver..

Posted by Wallabie > 2019-12-03 17:04 | Report Abuse

scomies will be dragged by scomi group .. invest carefully as both are recognized as PN 17

Posted by freeman > 2019-12-03 17:15 | Report Abuse

Wait for good news.. then it is already too late

Posted by T800Terminator > 2019-12-03 19:45 | Report Abuse

Wah....this forum getting heat now.....

Posted by chimchim > 2019-12-04 06:21 | Report Abuse

@SGproptrade sometimes Malaysia bolehland anything can happen like parent become PN17 but the little ones still can waive

Posted by ariehazimi > 2019-12-04 08:40 | Report Abuse

pn 17 bye bye bye

Posted by 11395861 > 2019-12-04 10:01 | Report Abuse

Bad situation for Scomies because scomi group also Pn 17

Posted by ikenduit > 2019-12-04 10:37 | Report Abuse

@freeman. you attended agm? what other info shared

Posted by calvintaneng > 2019-12-04 10:52 | Report Abuse

Scomies is not scomi

Tun Dr M is not Najib

Scomies net net is positive

Scomies Rm600 Millions Drilling fluid supply to Kuwait oil Corp only commence next year

Latest qtr result already improved so much

Netx year Scomies should boom and boom

Scomies canteeeek!!!

Posted by calvintaneng > 2019-12-04 10:55 | Report Abuse

Scomies is a buy in bad news

After all hiccup resolved then good news
When good news out then

Scomies will zoooom up with good news

Then only sell

So you buy in bad news and sell in good news

Or you buy during the funeral and selling during the weddings

Posted by 11395861 > 2019-12-04 12:22 | Report Abuse

This counter to be collapse..no more big project announcement.....

Posted by T800Terminator > 2019-12-04 13:16 | Report Abuse

How do you know? You BOD ka?

Posted by 11395861 > 2019-12-04 14:10 | Report Abuse

My opinion.....no bod ok....So T800Terminator is a machine and have big mouth

Posted by Superb99 > 2019-12-04 14:11 | Report Abuse

sigh...i only know the price is not improved at all

Posted by calvintaneng > 2019-12-04 21:53 | Report Abuse

Follow Ceo of Scomies

He bought Scomies at 10.5 sen for 1.8 million shares and still holding

If it is no good he would have sold like the directors of London biscuit or utusan or barakah

THE fact that he is still holding because he sees value in company

AND learn to differentiate that Scomies is not scomi

Scomies has margin of safety

Posted by freeman > 2019-12-05 09:02 | Report Abuse

i attend the agm, what i could comprehend, there is positive feedback from bank and then it should be positive from sc...they were sorting a few queries from sc, then it should be ok.. from the mouth of ceo

Posted by freeman > 2019-12-05 09:03 | Report Abuse

scomi and scomies is a separate legal entity

Posted by fl888 > 2019-12-05 09:08 | Report Abuse

The only way for Scomies now is to change their name and totally breakaway from Scomi otherwise hard to move...

Posted by ikenduit > 2019-12-05 09:13 | Report Abuse

freeman. tq dude

Posted by calvintaneng > 2019-12-05 10:33 | Report Abuse

Good feedback from Freeman
Thks

Posted by calvintaneng > 2019-12-05 12:21 | Report Abuse

Very good

Intelligent smart hands taking over from weak holders

Posted by saburo11 > 2019-12-05 16:35 | Report Abuse

oh man..168=fortune all the way..?

Posted by Mabel > 2019-12-06 00:37 | Report Abuse

Barakah director sold because of force selling by IB. The CEO cannot pay so the IB sell his holdings.

Here the CEO has money to pay for his margin call.

That's how I see it..

Posted by Mabel > 2019-12-06 00:39 | Report Abuse

Utusan clearly no money. Umno deserted them after the Aziz failed to revive the company

Posted by calvintaneng > 2019-12-06 17:30 | Report Abuse

Mabel so clever

Scomies is not barakah

Scomies has huge margin of satety

Posted by ariehazimi > 2019-12-09 10:14 | Report Abuse

pn17, byeeeeeeeeeeeeeeee

Posted by calvintaneng > 2019-12-10 01:40 |

Post removed.Why?

Posted by chimchim > 2019-12-10 11:53 | Report Abuse

Nowadays just saw alota news about scomi has about 1 billion order book. However, they have alota issue with project delivery and unfulfilled completion due.

Posted by Mabel > 2019-12-10 22:14 | Report Abuse

I have two Tier 4 Battleships

Scomies Vangelis
Barakah Silent Mary

Three two are under my collections. Hopefully they will give some ang pow for next year..

It will be very interesting to see which one will recover first..

Cheers!

Posted by calvintaneng > 2019-12-11 00:22 | Report Abuse

Mabel

I see much better prospects in scomies than in barakah

Barakah is sueing Petronas while Scomies has 2 jv with petchem

Next year scomies will start supplying Rm600 million drilling fluid to Kuwait oil Corp

Indonesia shifting capital from Jakarta to kalimantan will need lots and lots of cement

And making of cement needs coal

Scomies might get jobs delivering coal in Indonesia

Scomies marine division also showing good profit without further impairments

Another thing scomies can do is to follow masteel example

Masteel revalued it's assets and book them as profits

Scomies has lots of hidden assets of high value if revalued will enable balance sheet to look better

So lots of good things can be done in scomies

CEO better do something

Posted by ariehazimi > 2019-12-11 09:15 | Report Abuse

runnnnnnnnnnnnnnnnnnn

Posted by Mabel > 2019-12-11 22:18 | Report Abuse

@calvintaneng Mabel

I see much better prospects in scomies than in barakah

Barakah is sueing Petronas while Scomies has 2 jv with petchem

Next year scomies will start supplying Rm600 million drilling fluid to Kuwait oil Corp

Indonesia shifting capital from Jakarta to kalimantan will need lots and lots of cement

And making of cement needs coal

Scomies might get jobs delivering coal in Indonesia

Scomies marine division also showing good profit without further impairments

Another thing scomies can do is to follow masteel example

Masteel revalued it's assets and book them as profits

Scomies has lots of hidden assets of high value if revalued will enable balance sheet to look better

So lots of good things can be done in scomies

CEO better do something
11/12/2019 12:22 AM

Thanks for sharing these information Calvin. It looks positive to me...That's why I have collected Scomies in two batches at 0.08 and 0.075...

Here's why I also holding Barakah for my Tier 4 Battleships Collection

Upside....

For Barakah, I have taken out my Long-Term Investor hat and replace it with a Trader’s Hat since the market capitalization is around RM25 million and it has more liabilities than assets.

Based on information from the grape vine, what's in store for Barakah after the coming AGM end of this year is going to be interesting. They are finally taking measures to lift themselves out of financial distress state. The corporate restructuring exercise will see Barakah in general, adopting measures such as shares consolidation, issuing loan stock, rights issue & warrants. The exercise will see Barakah reborn into a debt-free company. Meaning, we have one less challenge ahead. To me, it’s a good start for 2020...

This suspension was issued post completion of the contract. The contract has been successfully carried out and completed prior to the suspension. Upon completion of the contract, positive appraisal was subsequently given by Petronas Carigali hence making the suspension unwarranted."

These are future prospects:
a. Focus on bidding for more projects - Estimated tender book value of RM928 million.
b. Execution of projects to sustain operations
c. Orderbook of RM600 million provides earnings visibility up to 2023.
d. Utilisation of pipe-lay barge KL101 - Currently on used by MCM contract, offshore of Terengganu
e. Collaborate with stronger companies
f. Strategic tie-up with Vallianz.
g. Collaboration with Minsheng.
h. To explore areas of collaboration.

Usually good companies do not have much price volatility. Failed companies have extremely large price swings because people with differing views drives the prices up and down. SO, failed companies are potential GOLD MINES for some PEOPLE. Once this is announced this stock will rocket to 0.08....that’s 400% return from current price. This is even better than my Mercedes Benz's Cycle & Carriage last month exercise which is only 70% when they decided to take it private.

For Barakah and Scomies, I have applied Warren Buffett Sifu (Ben Graham) Strategy in this engagement which is a "cigar butt" technique. You can google yourself what this strategy means.

Meow!

Posted by Mabel > 2019-12-11 23:14 | Report Abuse

@ariehazimi runnnnnnnnnnnnnnnnnnn
11/12/2019 9:15 AM

Than you will miss the fun...

From what I understand, markets have dedicated middlemen called Market Makers who are responsible to make sure that there is always someone to buy or sell; this ensures that all instruments have sufficient liquidity. Market Makers may decide to lower their bid on a stock based on a high number of sellers, or raise their ask for a high number of buyers.

During an investor rush to buy or sell an instrument (perhaps in response to a news release), it's possible for the Market Maker to accumulate or distribute a large number of shares, without end-investors like you or me being involved on both sides of the same transaction.

Hence, if we are buying into such an illiquid stock in the first place I don't think we would have any investment strategy, we are just putting our at as a trader and trust our animal instinct.

As a rule of thumb, it is always not advisable to buy intio any stocks that is below 100,000 volumes. Fortunately, this is not the case of Scomies. The average trading volume for the last 4 weeks is 26 times bigger than the minimal threshold.

So I recon these Market Maker are regulating this stock to keep it warm. Just to give you a flavor, today TDM is on P1 among the Plantation counters. It even beats all the expensive Plantation Stocks. You know why there's is a high interest in TDM?. It's is because of ECRL. ECRL will passed through TDM Plantation as it cruises 160 km/h.

I have been holding TDM since early this year and today the price has almost double. So it's just a matter of time when the Market Maker will starts goreng this stock again. All it needs is just one good new to spike it up again.

Till then....

Meow!

Posted by ariehazimi > 2019-12-12 09:10 | Report Abuse

pn 17 coming soon, jual dulu

Posted by ariehazimi > 2019-12-12 09:10 | Report Abuse

going to sapu other shares

Posted by calvintaneng > 2019-12-12 11:15 | Report Abuse

Somies problem is just like Bumi Armada

ONCE ARMADA RESOLVED ITS DEBT PRICE WENT UP 100%

SO BEST TIME TO BUY ARMADA WAS 20 SEN (NOW TOO HIGH ALREADY)

SO BUY SCOMIES!!!

BUUUUUYYYYY WHILE SO CHEAP

SCOMIES BALANCE SHEET IS MORE SOUND THAT ARMADA!!

ROCK SOLID ASSETS (VERY VERY UNDERVALUE. JUST REVALUE ASSETS LIKE MASTEEL & BOOK THEM AS PROFIT LAH!! SO EASY!!)

ROCK SOLID PROSPECTS (RM600 MILLIONS DRILLING FLUID JOB WILL START SOON)

Posted by snwong13 > 2019-12-12 19:39 | Report Abuse

.
Suspension Besok?

Posted by Anakin55555 > 2019-12-12 20:12 | Report Abuse

Big good news

Posted by popit_sokmo > 2019-12-12 20:17 | Report Abuse

Managed to drawdown bridging loan rm35m to pay debt due by this saturday? Then tak jadi PN17?

Posted by Mabel > 2019-12-12 22:09 | Report Abuse

Let's hope it's a good news soon. Once the uplifting happen, it will spikes!

I have two Tier 4 Battleships (PN17). Both are above my threshold volumes

Scomies Vangelis ( Bought after PN17)
Barakah Silent Mary (Bought before PN17)

Barakah today has 2,735,800 volumes...

Compare to Scomies 220,800 volumes

These two are under my collections. Hopefully they will give some ang pow for next year..

It will be very interesting to see which one will recover first..

Usually good companies do not have much price volatility. Failed companies have extremely large price swings because people with differing views drives the prices up and down. SO, failed companies are potential GOLD MINES for some PEOPLE.

Let the race begins...

Meow!

Posted by KAQ4468 > 2019-12-12 22:18 | Report Abuse

Super promoter mana ???

@ 0.12 ask to buy buy buy buy


Now 0.07



Kah Kah Kah