I am new here,

my 1st buy SCOMI 7158 buy at 0.370



Not much attention on this stock from this forum I think;
but from my calculation this stock actually quite an active stock with low trade price,
I think can earn lots from this stock in short period is it ?

pl correct me and I need forum member and sifoo comment and guidance

The fair price for this stock is rm0.250. rm0.370 is considered high. so don't think to make a lot of money from SCOMI:))

Are you sure ?
From my understanding this is a multinational comp and among its sub comp there are numbers of listed comp: - SCOMIEN, SCOMIMARIN and few oversea Public listed.

Sifoo am i wrong?

I believe there is no right or wrong.u can based on technical point of view to justify the share price. But u know KLSE lar...
Most of it is being manipulate 1...So it's hard to guess....unless u r the BIG SHARK the u probably know what is happening.

Hi what do u mean being manipulate by ....
is it by the gov or .........

what do u think of this share?

with the changes in our country leadership soon, scomi might not be in the radar as it been always political linked to current goverment.

so mean this is not a potential share la.
if got good price better sale fast correct ?

hi guys. new here. I bought small chunk of SCOMI shares traded at 0.32 back in October. Even marked 0.30 on 28th Oct. Manipulated or not, its fundamental is sound, i think it can reach somewhere around 0.45 mark by February.

it's still a good company, even if you strip all the 'news' surrounding it.

This post has been edited by zaurus: Dec 3 2008, 03:04 PM

Personally, i think it's a good company too whether politically linked or not. Scomi Eng specializes in monorails, which is a good industry as the population grows and public transport becomes a problem. Scomi Marine is involved in deep-sea oil exploration, which is another important service because if the fast depletion.

The price now is quite far from the historical high and below NTA. PE and dividend yield are also attractive.

My 2 cents advice is "Make sure don't hope for BIG during this kind of market".Furthermore ensure the money u invest is an extra money.Cause u may need to hold for few months or year to get a better profits.Also set your exit point. Don't be eager

I wish 2 had some SCOMI share during Mad October. anywhere this is an active traded share and their companies also secure quite a numbers of big project. I believe this share will bounce to 0.50 before CNY

Scomi Group to raise RM120m from rights issue

KUALA LUMPUR: Scomi Group Bhd plans to raise RM120mil from a proposed renounceable rights issue of up to 554.4m rights shares.

It said the rights shares would be on the basis of one rights share for every two shares held at an issue price of 30 sen per rights per share.

The company said on Friday under the minimum scenario, it was expected to raise gross proceeds of RM120mil, of which RM70mil would be used for further investment in its subsidiary or subsidiaries and/or new businesses.

It said the proposed rights issue was to raise equity capital and strengthen Scomi Group’s capital base and to provide shareholders an opportunity to increase their equity participation in the company.

URL: http://biz.thestar.com.my/news/story.asp?f...13&sec=business

Wao...
To my view is kind of dangerous...whether got enough ppl subscribe the rights or not.
Hmm...wat's your view?

I'm thinking positive since I bought this share and had confidence on it.

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Added on December 6, 2008, 12:38 amhttp://www.btimes.com.my/Current_News/BTIM...icle/index_html

This post has been edited by aoisky: Dec 6 2008, 12:40 AM

politically, it is not a good pick.

if you have gone thru its BS + trend, it has come from net cash to net debt position.

Find out more from ZeMoola blog, he has detailed analysis

Thanks for your info, political wind will change soon.
Hopefully coming CNY this stock may rise so I can release it.

may be should do research on Sapura, HL, MMC .... now

Scomi Marine bucks trend

It plans to expand marine fleet at a time when many are reluctant to make capital expenditure.

AT A time when most companies are reluctant to spend on capital expenditure (capex), Scomi Marine Bhd plans to invest some US$150mil in the next three years to expand its fleet of marine vessels.

There have been concerns that Scomi Marine, a 43% associate company of Scomi Group Bhd, had not been investing substantially to expand its fleet in the last two to three years to take advantage of the uptrend in activities in the oil and gas and logistics industries.

URL: http://biz.thestar.com.my/news/story.asp?f...91&sec=business

I think this share will be in high risk after March 2009. So, if the sahre up in the coming few months, i think you should sell it. Just my 2 cents.

yaya i agree. all due to our weak PM and big mouth Dr M.

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Added on December 8, 2008, 11:29 ammonorail project again

http://www.btimes.com.my/Current_News/BTIM...icle/index_html

This post has been edited by aoisky: Dec 8 2008, 11:29 AM

Scomi rights issue to lead to huge EPS dilution

http://biz.thestar.com.my/news/story.asp?f...19&sec=business