@newhorizon It's not people don't listen. People trust the market more than advice. Once the volume and price is pumped up, nobody will listen to you. Some will try to take a free ride and get out quickly. Some get stuck.
Tomorrow the price might goes down to 4 sen so the moving average price for scomi energy for 5 days will be around. 065 sen so if the major shareholders wanted to play dirty, they can offer 10sen for takeover, a 50%,premium. At that price @10sen alot of people r losing alot of money. Look possible to happen when the price fall so fast and at a very significant low trading volume. Down more than 80% within 2weeks if price fall to a low of. 045sen today n 90%,fall if it reach 0.025sen from the EX CONSOLATION PRICE. BIG shareholders taking advantage of the bad situation for personal gain. It happen to METROJAYA BHD before this wolf khoo kay peng took it private at 80sen when the NTA is almost RM2 plus.
i m not promoting this share but rather sharing my thoughts through experience. i was UNWILLINGLY con before but now at least i m able to grasp how dirty can major shareholders can play if they want to, i.e why trust n integrity is important for a known shareholders but most of them are wolfs or big fat bears in share market
i m playing and testing scomi energy with a investment strategy and i only. hope to make 1 or 2 thousands bucks provided no dirty play by the major shareholders.If the share price is a genuine free fall then if i lose i will not have any complain.
Date of change 04 Mar 2020 Name MR SAMMY TSE KWOK FAI Age 56 Gender Male Nationality United Kingdom Designation Executive Director Directorate Executive Type of change Resignation 06/03/2020 2:16 AM X
Change in Boardroom
SCOMI ENERGY SERVICES BHD
Date of change 04 Mar 2020 Name MR LEE CHUN FAI Age 49 Gender Male Nationality Malaysia Designation Non-Independent Director Directorate Non Independent and Non Executive Type of change Resignation Reason Scomi Group Bhd has ceased to be holding company of Scomi Energy Services Bhd Details of any disagreement that he/she has with the Board of Directors 06/03/2020 2:17 AM X
Change in Boardroom
SCOMI ENERGY SERVICES BHD
Date of change 04 Mar 2020 Name ENCIK SHAH HAKIM @ SHAHZANIM BIN ZAIN Age 55 Gender Male Nationality Malaysia Designation Non Executive Director Directorate Non Independent and Non Executive Type of change Resignation 06/03/2020 2:18 AM X
Executive Director n 2 BOD are resigned .. is not scomi holding company anymore.. daily operations still running??
Calvin cannot con us, BUY AT YOUR OWN RISK in stock market in fine print form normally. This big syndicate con us by pushing down the price n privatise at a small premium which is alreafy 80% off the high n offer a 50% premium on the average low closing price of. 065sen against the 25sen price just after the consolidation and worst still compare to last year price.
ride along with the new shareholders, you can see the change in the boardroom as a start for a major revamp. let's see how they play their cards out in the coming days as they too put their stake in it 'interesting'
As in any stock market what goes up must come down during Panic selling and after what have already goes down must go up during a recovery period.But now must pick those klse link component index stock first.
Cannot run at a loss at this time. will buy at 3 to 4 sen, bad case scenario close shop sell everything pay back all debt n expect to get back 20 to 30sen which is unlikely to happen. WORST CASE scenario major shareholders take over or privatise at 10 to 12sen after considering the average moving price n paying for a small premium in which case ALOT of mini scomi energy investor lose alot but MAJORS SHAREHOLDERS will gain the most down the road.
at least 20,0000 shares at 4 sen gain of RM1, 200.00 can offset my accumulated loss since i only hold 30,000shares after 5 to 1 consolidation prices ranging from 25sen to previous day 7sen. if price can come down to. 025sen buy another 50.000 shares. to make it 100.000shares n preparing to hold for 1 year.
just place some order at 045 sen in case seller already exhausted selling earlier n syndicate doesn't want to push the price any lower than 5 sen which is 1 sen only before the 5 to 1 consolidation.
Your ideas is good but will it be practical to the major shareholders when they are holding the big chunk n nobody following behind as the trading volume show.
At 9.05am there is only 20shares change hand at the lowest point of 5sen.so there is no followers behind to sell unless sendiri trading to push down the price with big volume but then small investor like me will also nimble yr share at the ridiculous depress price which is quite cheap RM500 for 10,000 shares.
compare with alam n icon with over 1billion issued share, scomi with a RM400 plus issued shares and a market cap now at RM23 million look more comfortable during this bad times. I m not promoting this share just see how to salvage the wreckage in the WORST case SCENARIO but it take ALOT of time n must have patience.
as a member of this scomi energy forum once say the share price change but the fundamental of the company will not change much. Like the case of GENTING MALAYSIA because of the coronavirus n travel ban the share price drop to RM 2.38 this morning and unless the MOUNTAIN in GENTING HIGHLAND collapse the share price will not collapse unless BIG VOLUME follow.
JACKMA, i m actually gambling SCOMI ENERGY will go up BUT at a very slow n CALCULATIVE steps, I only place at 0.045 sen even that 0.055 will not tempt me because i already got 0.065sen so not much difference..
Another company almost similar in today market price, issued share capital n market capitalisation is UCREST but the trouble is that poor assets backing only BRIGHT savvy tech people backing. So if this people decided to leave the company than HAVOC. this company is back by IHH one of the biggest hospital in the world. To me similarly place a token share buy at 5sen NO HURRY.
us future down 700points as per update so what to expect on Monday? Actually buying shares at PANIC share selling market is bette than bull market, Most important rule play triangle style build up a big base at collapse prices n slowly reduce when market go up. But either big cap or medium cap BLUE-CHIP share where big fund manager will buy when. thing improve. as for scomi energy share is for gambling.AXIATA is good because EVERYBODY need to make a phone call or DATA LINES ( 90% need) even in BAG TIME maybe use more at home.
now must buy with strict discipline, make a fair commitment n. stick to it even at ridiculous price like 15sen for GENM as a friend suggested, we also cannot laugh at him because not PROVEN yet maybe one day since he didn't make a stand on the date. WHEN market collapse like today or tonight BILLIONAIRE n MILLIONAIRES grow richer when market go back to NORMAL, why because he can afford to collect, just like RM2 million is coffee money to a well known tunku
Good news, Crude oil price make a big U-turn spike up back ! As at 2.50pm, Nymex => $32.27 (+0.77) (+2.44 percent) Brent => $34.09 (+0.87) (+2.62 percent)
buy n sell today till now RM16, 000.00 worth of scomi energy shares make the share price drop 8.3% and a few million ringgit drop in market cap. FIND IT AMUSING
Wow, Amazing ! As at 5.35 p.m, Dow Jones Futures a big green now at => 21,773.0 (+688.0) (+3.26%) ! Like that next monday onwards will be a bull market coming already lah !
don't be too happy, syndicate like to sell at recovery market because they will not be able to load their shares at a good price in. a depressed BEAR MARKET
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....
T800Terminator
1,695 posts
Posted by T800Terminator > 2020-03-11 21:26 | Report Abuse
Wowwwwwwww die flat......Q at 3c