Sorry. Look like still no goreng, only accumulating at moment. My news was a scomi related will goreng soon. Don know which one. So the sure way is to buy scomi as when goreng scomien or scomies, scomi will up also. I accumulate bit of all - scomi, ien, ies.
ct888. When they start goreng, it can go up to 0.40 easily. This is what happened the last time during Captain Chang's era. Many of us got stuck at this price. I hope your news is accurate.
Scomies is better bet, contributing 90% of group's profit. It is tightly control with very low market floating, 30 largest shareholder controlling 90%+ of paid up.
[My 2 cents] Looking at scomi only, the collection @ 20 cents is quite strong.seeing the graph, I assume 20 cents is the strong resistance with twice fail to break and move forward, one in mid Sept and another in around early October. Probably, now collecting more to try break 20 cents. Breaking this might start an upward rally.
If u look at price trends for scomi & scomies, u will see both have slowly moved to their recent peaks at 200/205 & 290/295. If there is a breakout from here, then the news is real (maybe some announcement will follow then), if not then run.
I wait one more week to see. If want to collect more, come monday good chance as klci likely dip due to strong US job report
Notice a rotating play by operator in Scomi, scomies & scomien. Every day the operator is collecting either one or two of above counters - someday scomi, someday scomi & scomies; today is scomies & scomien.
The management has been focusing on this new graphene based chemical since last year. Monitoring the performance of this new product lines which could be another boom to the company...
I tot if scomi group still can't achieve the growth in financial in period given, IJM will in control partially the company management ..please correct me .. thanks
for the rest of the people here, stop dreaming about scomi and move on. Scomi has already consulted firms for liquidation exercise of Scomies and Scomien due to Scomies future contract losses and Scomien's project cost overruns.
" for the rest of the people here, stop dreaming about scomi and move on. Scomi has already consulted firms for liquidation exercise of Scomies and Scomien due to Scomies future contract losses and Scomien's project cost overruns." 29/11/2015 16:09
"liquidation" -- are you saying that Scomies and Scomien are going bangkrupt ?
2nd QR still show profit of RM12m.. The company gearing is again reducing.. SEEM the company is slowing reducing the borrowing and maintaining profit,,,, The Risk sharing Oil field (ophir) is moving forward with the award of works to MUHIBAH few days back.. SEEM not bad for mid term investment..
when the oil price is improving, scomies will reap gain from the risk sharing oil filed which is very profitable and low risk contract by petronas.. Petronas said: no more such contract...
One of the weird company. With good cash flow and business contract but the stock price not reflect that at all. For example the NTA is 0.4 +- but the stock price need another 116% price increase per last closing price to meet the NTA price of 0.4
Anyway, I will continue to accumulate from time to time whenever I have extra money flow in.
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Posted by ct888 > 2015-11-03 16:58 | Report Abuse
I didnt buy up, but manage to buy bit more @ 190