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 SCOMI 7158

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TSaoisky
post Dec 3 2008, 09:55 AM, updated 17y ago

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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

vinccls
post Dec 3 2008, 10:42 AM

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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:))
TSaoisky
post Dec 3 2008, 11:00 AM

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QUOTE(vinccls @ Dec 3 2008, 10:42 AM)
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?
nanbade
post Dec 3 2008, 02:46 PM

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QUOTE(aoisky @ Dec 3 2008, 11:00 AM)
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.
tongue.gif

TSaoisky
post Dec 3 2008, 02:51 PM

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QUOTE(nanbade @ Dec 3 2008, 02:46 PM)
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.
tongue.gif
*
Hi what do u mean being manipulate by ....
is it by the gov or .........

what do u think of this share?

NaMyzarC
post Dec 3 2008, 02:53 PM

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with the changes in our country leadership soon, scomi might not be in the radar as it been always political linked to current goverment.
TSaoisky
post Dec 3 2008, 02:56 PM

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


zaurus
post Dec 3 2008, 03:01 PM

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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. smile.gif

This post has been edited by zaurus: Dec 3 2008, 03:04 PM
wirelessdude
post Dec 3 2008, 03:13 PM

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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.
nanbade
post Dec 3 2008, 03:18 PM

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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
TSaoisky
post Dec 3 2008, 03:20 PM

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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
SUSDavid83
post Dec 5 2008, 10:36 PM

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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
nanbade
post Dec 5 2008, 10:58 PM

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Wao...
To my view is kind of dangerous...whether got enough ppl subscribe the rights or not.
Hmm...wat's your view?
TSaoisky
post Dec 6 2008, 12:09 AM

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QUOTE(nanbade @ Dec 5 2008, 10:58 PM)
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.


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
alfredfx
post Dec 7 2008, 09:49 AM

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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 smile.gif
TSaoisky
post Dec 7 2008, 02:56 PM

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QUOTE(alfredfx @ Dec 7 2008, 09:49 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 smile.gif
*
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
SUSDavid83
post Dec 8 2008, 08:40 AM

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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
kb2005
post Dec 8 2008, 10:06 AM

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QUOTE(aoisky @ Dec 6 2008, 12:09 AM)
I'm thinking positive since I bought this share and had confidence on it.


Added on December 6, 2008, 12:38 amhttp://www.btimes.com.my/Current_News/BTIM...icle/index_html
*
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.
TSaoisky
post Dec 8 2008, 10:50 AM

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QUOTE(kb2005 @ Dec 8 2008, 10:06 AM)
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.


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
nanbade
post Dec 10 2008, 10:37 PM

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Scomi rights issue to lead to huge EPS dilution

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

Koi_Espiritu
post Dec 11 2008, 01:28 PM

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I am currently holding 20 lots of Scomi. Do i get the chance to subscribe right issue?
SUSDavid83
post Dec 19 2008, 08:47 AM

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Scomi unit wins US$12mil job from BP

KUALA LUMPUR: Scomi Group Bhd’s subsidiary Scomi Oiltools (Europe) Ltd has won a US$12mil drilling waste management (DWM) contract with BP Norway.

In a statement, Scomi said the project, which marked the first time that Scomi Oiltools had secured a DWM tender with BP in Norway, covered complete DWM solutions both offshore and onshore Norway.

”The duration will be up to four years with the option of a two-year extension,” it said.

Scomi said under the offshore portion of the contract, Scomi Oiltools would provide DWM solutions for BP on its rig in the Skarv field development.

For onshore works, it said, Scomi Oiltools would be handling and processing all of the drilling waste as well as the waste water. - Bernama

URL: http://biz.thestar.com.my/news/story.asp?f...03&sec=business
eltaria
post Dec 19 2008, 10:37 AM

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but there's no announcement of this in bursa?
TSaoisky
post Dec 30 2008, 07:01 PM

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wonder what happen with this SCOMI already secure big project contract oversea


Added on January 5, 2009, 8:15 pmYes eventually I m able to unload my SCOMI @ 0.405

This post has been edited by aoisky: Jan 5 2009, 08:15 PM
SUSDavid83
post Jan 17 2009, 09:56 AM

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Scomi denies chief under US sanctions

URL: http://biz.thestar.com.my/news/story.asp?f...68&sec=business
Crazy88
post Feb 3 2009, 11:25 AM

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Proposed renounceable rights issue of up to 554,418,350 new ordinary shares of RM0.10 each on the basis of one rights share for every two ordinary shares of RM0.10 each held at an issue price of RM0.30 per rights share.

Above statement I get it from newspaper.But the thing is I'm not very clear bout this.Last time I bought share at 0.345.Is that any bad effect to me?Anyone can explain to me wat is the impact to shareholders? icon_question.gif

This post has been edited by Crazy88: Feb 3 2009, 11:27 AM
kmarc
post Feb 6 2009, 06:34 PM

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QUOTE(Crazy88 @ Feb 3 2009, 11:25 AM)
Proposed renounceable rights issue of up to 554,418,350 new ordinary shares of RM0.10 each on the basis of one rights share for every two ordinary shares of RM0.10 each held at an issue price of RM0.30 per rights share.

Above statement I get it from newspaper.But the thing is I'm not very clear bout this.Last time I bought share at 0.345.Is that any bad effect to me?Anyone can explain to me wat is the impact to shareholders?   icon_question.gif
*
I'm interested to know too as I'm holding some at 0.34. Anybody? smile.gif

This post has been edited by kmarc: Feb 6 2009, 06:34 PM
sbsoo111
post Mar 4 2009, 08:54 PM

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new share issue while bear time never have good thing la, around RM0.1 billion share going to issue. if got buyer then good loh, if not then will push down the price to attract buyer
kmarc
post Mar 8 2009, 10:32 PM

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Looks like Scomi Group Bhd deferred its application to raise RM120 million via renounceable rights due to the uncertainties in the market..... tomato sauce from "The Edge".....

Edit : Eh.... another article from the same source says that they are concerned about Scomi's proposed one-for-two rights issue of RM554 million shares at 30 cent per share..... rclxub.gif AmResearch has a "Sell" call for this counter.....

This post has been edited by kmarc: Mar 8 2009, 11:25 PM
kb2005
post Mar 26 2009, 09:09 AM

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This counter is going up like rocket after KJ won last night! Anyone buying ?
Freelancer
post Mar 26 2009, 12:58 PM

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QUOTE(kb2005 @ Mar 26 2009, 09:09 AM)
This counter is going up like rocket after KJ won last night! Anyone buying ?
*
Buying today? No lah. A bit high already. Should have bought many lots yesterday. What a lost opportunity. doh.gif

Grengo01
post Mar 26 2009, 02:29 PM

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where got rocket la.. his ECM put on much much more..
kb2005
post Mar 26 2009, 08:40 PM

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QUOTE(Grengo01 @ Mar 26 2009, 02:29 PM)
where got rocket la.. his ECM put on much much more..
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Rocket for the first 30mins only! biggrin.gif
1698
post May 14 2009, 10:00 AM

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any one know about SCOMI ?
how many share you all holding ?
is a good time to buy ?

seanlel
post May 14 2009, 11:01 AM

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It is increasing these two days... hehe... I sold it yesterday, sigh...
1698
post May 14 2009, 11:25 AM

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Opps ! So what's ur opinion? will keep increasing ?

This morning no so aggressive !


Added on May 14, 2009, 11:27 ambut it still remain the Top 1...

This post has been edited by 1698: May 14 2009, 11:27 AM
seanlel
post May 14 2009, 11:46 AM

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No opinion. I am just a newbie and yesterday was totally because of my luck only... tongue.gif
mynewuser
post May 14 2009, 07:03 PM

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Why it shutdown so teruk suddently?
chezzball
post May 14 2009, 11:59 PM

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dun worry.. still safe... tomorrow will naik de wink.gif
stargamer
post May 26 2009, 02:48 PM

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any ideas on this stock?
AutumnFoliage
post Jun 1 2009, 06:41 PM

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why no wat ppl discuss about scomi~! ??
mynewuser
post Jun 1 2009, 08:57 PM

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Still holding it. This counter Up and down. Not like KNM. Up and no look back. Why?
AutumnFoliage
post Jun 1 2009, 09:12 PM

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QUOTE(mynewuser @ Jun 1 2009, 08:57 PM)
Still holding it. This counter Up and down. Not like KNM. Up and no look back. Why?
*
nothing.... hope up up faster sooon.... hehe drool.gif


Added on June 2, 2009, 11:42 amgo go go.... 0.775 already~~!!@@@

This post has been edited by AutumnFoliage: Jun 2 2009, 11:42 AM
mitmivec
post Jun 4 2009, 11:23 AM

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go scomi go...

anyone still have it?
AutumnFoliage
post Jun 4 2009, 11:42 AM

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i sold this morning .....0.76~~!!@@@@
good luck everyone~~
mitmivec
post Jun 4 2009, 08:22 PM

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still can go.. i think 0.9 tongue.gif
AutumnFoliage
post Jun 4 2009, 08:36 PM

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QUOTE(mitmivec @ Jun 4 2009, 08:22 PM)
still can go.. i think 0.9 tongue.gif
*
er..... but dunno when is the time ma...if long term should be ok gua rolleyes.gif

mynewuser
post Jun 8 2009, 07:12 PM

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What happen to this counter? So many people sell last minute like no tomolo.

Look on today. No news to declare as Bad / Good.
AutumnFoliage
post Jun 8 2009, 07:41 PM

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QUOTE(mynewuser @ Jun 8 2009, 07:12 PM)
What happen to this counter? So many people sell last minute like no tomolo.

Look on today. No news to declare as Bad / Good.
*
i think many fried share drop drop drop today le.... sweat.gif rclxub.gif
sparrow1
post Jun 11 2009, 12:15 PM

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today up 3.5 cents. Hopefully can sustain until closing. The most active stock so far.

AutumnFoliage
post Jun 11 2009, 12:18 PM

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still will going higher er... tongue.gif
Shengz
post Jun 11 2009, 12:24 PM

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Nobody holding scomi?
AutumnFoliage
post Jun 11 2009, 12:34 PM

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QUOTE(Shengz @ Jun 11 2009, 12:24 PM)
Nobody holding scomi?
*
throw already.. actually decide to buy this morning.. but so high already sweat.gif
sjz
post Jun 11 2009, 01:00 PM

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i heard someone says that this is abdullah's related company so now still left their glorious pass only.

AutumnFoliage
post Jun 11 2009, 01:48 PM

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QUOTE(sjz @ Jun 11 2009, 01:00 PM)
i heard someone says that this is abdullah's related company so now still left their glorious pass only.
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ya...got relate with abdullah ye ye de rclxms.gif
mletee
post Jun 12 2009, 09:26 AM

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i just in at 0.795..cheers
AutumnFoliage
post Jun 12 2009, 09:27 AM

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me yesterday 0.805 la....zzz
cwtien
post Jun 12 2009, 11:34 AM

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Sold at .078....zzzzz...
AutumnFoliage
post Jun 12 2009, 12:18 PM

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QUOTE(cwtien @ Jun 12 2009, 11:34 AM)
Sold at .078....zzzzz...
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buy back.. go go go~~~ tongue.gif
1698
post Jun 12 2009, 10:51 PM

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yes... go go go ... 0.9x tongue.gif
AutumnFoliage
post Jun 13 2009, 06:55 AM

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QUOTE(1698 @ Jun 12 2009, 10:51 PM)
yes... go go go ... 0.9x tongue.gif
*
but i think take some times le.... zzz sweat.gif
sparrow1
post Jun 15 2009, 11:54 AM

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today positive, above 80. Hope to hit 90 soon.
1698
post Jun 15 2009, 10:04 PM

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buy low sell high ! is the time to buy in !
mletee
post Jun 15 2009, 11:43 PM

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red today yawn.gif
klmc
post Jun 16 2009, 12:46 PM

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


this news making scomi go green on such a red day today ?

mletee
post Jun 16 2009, 05:11 PM

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0.82 thumbup.gif thumbup.gif thumbup.gif
zamans98
post Jun 16 2009, 10:07 PM

oquıɐɹ ǝɥ ɹǝo 'ǝɹǝɥǝɯos
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SCOMI had a good run today.. SCOMIEN as well. among top earners on a bad day.
1698
post Jun 17 2009, 05:05 PM

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yesterday lowest 0.765, today lowest 0.785

any comments for tomorrow?
IGax2000
post Jun 17 2009, 09:16 PM

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i said tomolo might see red again...this is just my view!! sad.gif
smartly
post Jun 17 2009, 09:36 PM

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Dow starts with Green. Got chance.
Jamal Malik
post Jun 17 2009, 09:49 PM

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QUOTE(IGax2000 @ Jun 17 2009, 09:16 PM)
i said tomolo might see red again...this is just my view!! sad.gif
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I agree with u.. sad.gif
mletee
post Jun 17 2009, 10:29 PM

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rclxub.gif rclxub.gif rclxub.gif
lkh78
post Jun 18 2009, 01:34 AM

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http://www.btimes.com.my/Current_News/BTIM...icle/index_html
hope will this up the share tomorrow...
1698
post Jun 18 2009, 09:56 AM

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Scomi tipped to bag Saudi project
http://www.btimes.com.my/Current_News/BTIM...om17-2/Article/

Getting another big project !!!

Why keep dropping this few days? Is it because of adjustment?
shoduken
post Jun 18 2009, 11:25 AM

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QUOTE(1698 @ Jun 18 2009, 09:56 AM)
Scomi tipped to bag Saudi project
http://www.btimes.com.my/Current_News/BTIM...om17-2/Article/

Getting another big project !!!

Why keep dropping this few days? Is it because of adjustment?
*
But only will know the tender successful or not in July.. so this month might not see any movement until the news become real..
Sideline pick if the stock get cheap xD
1698
post Jun 19 2009, 09:26 AM

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wow !!! today ppl keep buying !!!
unable to Q for it !!!
BugGsy
post Jun 19 2009, 08:38 PM

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QUOTE(1698 @ Jun 19 2009, 09:26 AM)
wow !!! today ppl keep buying !!!
unable to Q for it !!!
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luckily u cant buy the share lo.. else now u cry lo... haiii
1698
post Jun 21 2009, 11:55 PM

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Q for lowest tongue.gif
BugGsy
post Jun 22 2009, 07:49 AM

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hope today a good day for all~~!!
Freelancer
post Jul 31 2009, 12:54 PM

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What's up with this counter? unsure.gif
IwantE34
post Jul 31 2009, 12:57 PM

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Xfiles lerr...
mynewuser
post Aug 1 2009, 10:27 AM

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Why no one goreng already this counter?
Freelancer
post Aug 1 2009, 01:54 PM

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Oil up to almost $70 currently. Will see Scomi's uptrend next week? hmm.gif
zamans98
post Aug 3 2009, 05:04 PM

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Still a SLEEPING CRONY counter. Haiya.. Up la, fly to RM1.00
OldKidz
post Aug 8 2009, 07:01 PM

$ MoNeY $
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xdate on coming 18 august right? hmm...time to buy up?
mynewuser
post Aug 8 2009, 11:27 PM

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What xdate?
OldKidz
post Aug 9 2009, 02:14 PM

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ex-date, dividend...
mynewuser
post Aug 9 2009, 03:25 PM

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Ex-date on 3/Sep. But on 2008.

This post has been edited by mynewuser: Aug 9 2009, 03:25 PM
zamans98
post Aug 9 2009, 11:24 PM

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WTF - just browsing the announcement page of SCOMI.

They bought themself 10 lots of SCOMI for RM670??
OldKidz
post Aug 10 2009, 12:49 AM

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Date of Announcement : 05/08/2009 Company Name Ex-Date Amount Par Value Payment Date Entitlement Subject Entitlement Description
SCOMI ENGINEERING BHD 18/08/2009 5 sen RM 1.00 04/09/2009 First and Final Dividend Tax Exempt

source: http://www.icapital.biz/english/dividenddisplay2.asp
zamans98
post Aug 10 2009, 09:02 AM

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That is SCOMI Engineering, not SCOMI..


Added on August 10, 2009, 9:11 am7366 SCOMIEN.

DIV of 0.05c

SCOMI 7158 - Nothing yet.



This post has been edited by zamans98: Aug 10 2009, 09:11 AM
OldKidz
post Aug 10 2009, 11:20 PM

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wopss....tats y asking here, quite misleading...>___<

Thanks for informing me... blush.gif
szehoo11
post Aug 14 2009, 04:03 PM

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lol
zamans98
post Aug 14 2009, 05:06 PM

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QUOTE(OldKidz @ Aug 10 2009, 11:20 PM)
wopss....tats y asking here, quite misleading...>___<

Thanks for informing me... blush.gif
*
They just announced 2 important news:

1. DIVIDEND 5% TE

2. Right Issue (ICULS) and Free Warrant (5 for 1)
fatw3apon
post Aug 14 2009, 05:23 PM

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5% TE means 5 sen?
shoduken
post Aug 14 2009, 08:00 PM

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QUOTE(zamans98 @ Aug 14 2009, 05:06 PM)
They just announced 2 important news:

1. DIVIDEND 5% TE

2. Right Issue (ICULS) and Free Warrant (5 for 1)
*
What is free warrant? is it if you currently have share in scomi, and entitled it future warrant with conversion 5 to 1 ? @@
kroegand
post Aug 14 2009, 08:43 PM

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QUOTE(fatw3apon @ Aug 14 2009, 05:23 PM)
5% TE means 5 sen?
*
Correct me if i'm wrong but i think it's 5% from the par value of 10 cents. So you'll get RM 5 per 1000 unit of SCOMI you hold...

This post has been edited by kroegand: Aug 14 2009, 08:44 PM
protonw
post Aug 14 2009, 09:14 PM

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QUOTE(kroegand @ Aug 14 2009, 08:43 PM)
Correct me if i'm wrong but i think it's 5% from the par value of 10 cents. So you'll get RM 5 per 1000 unit of SCOMI you hold...
*
Absolutely right. laugh.gif


CKC (Sense-Maker)
post Aug 16 2009, 12:25 PM

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Scomi came into existence with the rise to power of Badaw. More than 10 years of easy contracts and public fund raising as it spinned off Scomi marine, Scomi Engineering. In that process, cronies make easy money, living up to UMNO's label of gravy train.

The gravy train has left from Badawi' station and now is firmly anchored at Najib's station. Scomi has been yet another project piggy-backing on Petronas who is not run in the most transparent of way.

Scomi now asks for money again in the rights issue. My verdict: poor or mis-management. From insider's point of view, it will be another round of 'good time' for them.
kroegand
post Aug 16 2009, 12:37 PM

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QUOTE(CKC (Sense-Maker) @ Aug 16 2009, 12:25 PM)

Scomi now asks for money again in the rights issue. My verdict: poor or mis-management. From insider's point of view, it will be another round of 'good time' for them.
*
gud time for insiders bad not necessarily gud news for investors rite??

seems like a time to let go the scummy for me hmm.gif hmm.gif
CKC (Sense-Maker)
post Aug 16 2009, 03:52 PM

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Scomi is one of the many by-products of our system of government. It was not hard to predict Commerce wouuld rise when Najib was awaiting the baton from Badawi. So Commerce did. But money in Msia is only that much. Which counters are to rise depends on Petronas' money and that in turn depends on UMNO. Buying Scomi share is not an economic decision, it is a political one. And that means insiders will decide if Scomi is to stay alive or they will create many more Scomis in future. We are all outsiders. A vulnerable lots but I decided not to subject my fortune to this sad reality in Msia.
mazda626
post Aug 17 2009, 02:48 AM

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Final tax exempt dividend of five percent (5%) per ordinary share of RM0.10each

Year Ending/Period Ending / Ended : 31/12/2008
Shares Transfer Before Date : 28/08/2009
Shares Transfer Before Time :
Rights Issue Price : 0.000



http://www.osk188.com/news/
zamans98
post Aug 17 2009, 11:43 AM

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QUOTE(shoduken @ Aug 14 2009, 08:00 PM)
What is free warrant? is it if you currently have share in scomi, and entitled it future warrant with conversion 5 to 1 ? @@
*
Nope.

Say you have 10,000 SCOMI shares

So, get FREE 2,000 Warrants (5 shares to 1 warrant)

The conversion price is yet to determined. Once the warrant got her listing, the mother share price will drop usually..

Correct me if I'm wrong.
fabigadervp
post Sep 22 2009, 04:16 PM

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Can some1 xplain to me scomi coming up right issue.
Newbie here tongue.gif

zamans98
post Sep 22 2009, 09:54 PM

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still waiting for the Right Issue to be listed. No news until now.
vileparle
post Sep 27 2009, 10:49 AM

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Of late practically every other day there's an announcement on shares disposed of by the main shareholders (though not a lot). Does this have anything to do with the upcoming Rights Issue? hmm.gif
zamans98
post Sep 27 2009, 03:01 PM

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Not sure on that matter/issue.

Disposal is normal in trading. What is the most important is if they sell in large quantity, then it is a issue of concern.
David_Brent
post Sep 27 2009, 03:14 PM

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QUOTE(zamans98 @ Sep 27 2009, 03:01 PM)
Not sure on that matter/issue.

Disposal is normal in trading. What is the most important is if they sell in large quantity, then it is a issue of concern.
*
I checked the Bursa website and I couldn't find any announcements about major shareholders'/directors' share disposals hmm.gif

This post has been edited by David_Brent: Sep 28 2009, 01:03 AM
1698
post Sep 30 2009, 05:12 PM

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Is time to buy Scomi now? price 0.59.

is good to buy right issue? why is good?



Scomi Group sets up company in Singapore
http://www.btimes.com.my/Current_News/BTIM...235510/Article/

LRT extension works pick up pace
http://www.theedgemalaysia.com/business-ne...ck-up-pace.html
vileparle
post Oct 1 2009, 07:55 PM

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I'm stuck with this DOG of a counter (Using David's words biggrin.gif ) at almost the year high price cry.gif doh.gif

Dun wanna dump any more moolah in this "black hole" any time soon shakehead.gif
David_Brent
post Oct 1 2009, 11:02 PM

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QUOTE(vileparle @ Oct 1 2009, 07:55 PM)
I'm stuck with this DOG of a counter (Using David's words  biggrin.gif  ) at almost the year high price  cry.gif  doh.gif

Dun wanna dump any more moolah in this "black hole" any time soon shakehead.gif
*
Dun worry mate. I'm keeping it as well. sweat.gif
Think CKSensemaker's comment above is about right.
And we got the LRT extension deal to look forward to if they get the contract rclxm9.gif
Think that SCAMY is worth having - at least they pay a divvy nod.gif
maxsteel2001us
post Oct 1 2009, 11:50 PM

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wondering should i buy more to lower down the breakeven....is it a wise thing to do??
zamans98
post Oct 2 2009, 12:29 AM

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Got SCAMMY Dividen.. RM3x.xx .. Can cover KFC dinner plates x 2.5
1698
post Oct 9 2009, 09:52 AM

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increasing ...
market getting better right ?
TeslaROY
post Oct 10 2009, 08:35 PM

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At least this counter gives dividen eventhough it is just peanuts rclxms.gif

Becareful of this stock as it is purely political stock....
mazda626
post Oct 11 2009, 12:42 AM

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QUOTE(TeslaROY @ Oct 10 2009, 08:35 PM)
At least this counter gives dividen eventhough it is just peanuts  rclxms.gif

Becareful of this stock as it is purely political stock....
*
Its good bcoz for some ppl it predictable.... rclxms.gif
CKC (Sense-Maker)
post Oct 11 2009, 09:36 PM

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It pays dividend using your money to be raised thru rights issue. Just as Badawi fades into background, so does Scomi lose its shine- most likely into oblivion after this rights issue. The major shareholder has spun off Scamy Engineering, Scamy Marine and pocketed the money. It may be time to lay the mother now to rest.


sparrow1
post Oct 15 2009, 04:35 PM

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when is the cut off date for scomi right issue?
vileparle
post Oct 15 2009, 07:54 PM

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QUOTE(sparrow1 @ Oct 15 2009, 04:35 PM)
when is the cut off date for scomi right issue?
*
If i'm not mistaken they haven't declared it yet, check under the announcements.
shahmh
post Oct 21 2009, 03:03 PM

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QUOTE(vileparle @ Oct 15 2009, 07:54 PM)
If i'm not mistaken they haven't declared it yet, check under the announcements.
*
I recieved a circular about proposed renounceable right issue of 3 years 4% irredeemable convertible secured loan stock (ICSLS) bla..bla.. can anyone explained briefly what is this? Please need help here. tq.
fumi
post Oct 23 2009, 07:09 PM

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QUOTE(shahmh @ Oct 21 2009, 03:03 PM)
I recieved a circular about proposed renounceable right issue of 3 years 4% irredeemable convertible secured loan stock (ICSLS) bla..bla.. can anyone explained briefly what is this? Please need help here. tq.
*
I also have it now. dunno how to handle it. when do we need post it back? before the meeting 30 of october?
BlaBlaBoy
post Oct 29 2009, 01:41 PM

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Still holding this counter.. 0.56 no movement..
maxsteel2001us
post Oct 29 2009, 02:25 PM

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Me 2...my BE is 0.66 ..damn..tot of averaging again ...
vileparle
post Oct 29 2009, 07:42 PM

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It is 30% off my ABP, but I'm somehow still not convinced that I should avg it down shakehead.gif
IGax2000
post Oct 29 2009, 09:02 PM

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it moves down trend, not a good choice to make average down.
think twice!!
maxsteel2001us
post Oct 30 2009, 06:03 PM

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the price keep on hover 0.575 - 0.605....tot of lower down the BE to 0.61...at least if breach 0.630, i will sell it d....
IGax2000
post Oct 31 2009, 09:39 PM

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if u got holding power then it's ok, at least u can wait til ur avp
vileparle
post Nov 2 2009, 08:15 PM

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Guys, the renounceable right issue dates are out, check the bursa announcement.


I'm seriously in 2 minds whether or not to take up the rights blink.gif
protonw
post Nov 2 2009, 09:43 PM

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QUOTE(vileparle @ Nov 2 2009, 08:15 PM)
Guys, the renounceable right issue dates are out, check the bursa announcement.
I'm seriously in 2 minds whether or not to take up the rights  blink.gif
*
How much do we need to pay for the rights? Still dont get what was announced. hmm.gif


shahmh
post Nov 10 2009, 02:27 PM

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Secured the contract but the price static. rclxub.gif
sjz
post Nov 10 2009, 07:08 PM

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i already bought some seeing that the EX date for the rights issue is the day after tomorrow
shahmh
post Nov 11 2009, 09:37 AM

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QUOTE(sjz @ Nov 10 2009, 07:08 PM)
i already bought some seeing that the EX date for the rights issue is the day after tomorrow
*
Yep it is a right issue but what I understand it is a different kind of right issue...Irredeemable convertible secured loan stocks (ICSLS)...what do you understand about this? icon_question.gif
sjz
post Nov 11 2009, 11:28 AM

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you have the option to buy the ICSLS or sell your rights if i am not mistaken.
you have 1 week to sell your rights or hold to execute your rights
ante5k
post Nov 11 2009, 11:36 AM

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I have no idea what the rights means ..... anyone got any website that explains what these things are?
shahmh
post Nov 11 2009, 01:44 PM

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QUOTE(ante5k @ Nov 11 2009, 11:36 AM)
I have no idea what the rights means ..... anyone got any website that explains what these things are?
*
I'm not good about this and please correct me if I'm wrong. From what I understand is the ICSLS is some short of loan... if we take the right issue mean we give money to Scomi for 3 years with 4% annual interest..after 3 years this can be converted to SGB share at a certain price (yet to determine ). In other word Scomi force us to give the money and we become a Along.

This post has been edited by shahmh: Nov 11 2009, 01:44 PM
Jackieboy
post Nov 12 2009, 02:34 AM

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Shah,

In ICSLS, the word secured means at the expiry of 3 years, if you haven't or choose not to convert it to SGB stock, they will pay you back 10 sen (the issue price you are buying at now).

Date of lodgement is on 16 Nov, so on 17 Nov you will get the details from your broker on what you're entitled to.

According to the announcement on the website, it says that conversion price to SGB stock is 40 sen.

bluecoat
post Nov 12 2009, 10:11 AM

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what happen today for scomi, what the price keep droping
ikanbilis
post Nov 12 2009, 10:28 AM

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aiya you never read the thread meh? it's ex rights today.

ppl who bought yesterday are entitled to 1.5 rights for every 1 scomi share. for example yesterday i bought 80k scomi @ 0,575 = 46000. today i sell 80k@0.525 = 42000. i lost $4000

but i will have 120k rights to sell from nov 17. i only need the rights at $0.04 to break even (comm included). but i'm thinking to execute my rights as i see potential in the ICSLS and free warrants!!!


Added on November 12, 2009, 10:50 amwhat happens if i plan to exercise my rights and keep my scomi?

My investments = RM58,000
80k scomi @ 0.575 = $46,000
120k rights @ 0.10 = $12,000

WHAT I GET
80K Scomi @ 0.525 today
120k Scomi - LA (exercise price 0.40)
16k Scomi - WA (exercis price 0.40)

WHAT A GOOD DEAL. I WILL PROBABLY EXECUTE MY RIGHTS!!!

This post has been edited by ikanbilis: Nov 12 2009, 10:54 AM
Crazy88
post Nov 12 2009, 11:51 AM

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QUOTE(ikanbilis @ Nov 12 2009, 10:28 AM)
aiya you never read the thread meh? it's ex rights today.

ppl who bought yesterday are entitled to 1.5 rights for every 1 scomi share. for example yesterday i bought 80k scomi @ 0,575 = 46000. today i sell 80k@0.525 = 42000. i lost $4000

but i will have 120k rights to sell from nov 17. i only need the rights at $0.04 to break even (comm included). but i'm thinking to execute my rights as i see potential in the ICSLS and free warrants!!!


Added on November 12, 2009, 10:50 amwhat happens if i plan to exercise my rights and keep my scomi?

My investments = RM58,000
80k scomi @ 0.575 = $46,000
120k rights @ 0.10 = $12,000

WHAT I GET
80K Scomi @ 0.525 today
120k Scomi - LA (exercise price 0.40)
16k Scomi - WA (exercis price 0.40)

WHAT A GOOD DEAL. I WILL PROBABLY EXECUTE MY RIGHTS!!!
*
Hi guyz,

I'm still new for the stock market..Incase i held 1000units.

How many units I entitled to subscribe? How much I need to top up?

and How many free warant I will get?

Is it worth to subscribe this right issue? Is this company in right position/track?

Before when I should subscribe?

Last time I applied for GPACKET right issue..Its really worth..

Ur guidance really much appreciated

icon_question.gif
Jackieboy
post Nov 12 2009, 12:01 PM

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Excuse me for saying this, but pls take a few moments to read the announcement in bursa lah.

If you want to invest, make an effort to understand the product. Don't just ask questions that are already officially posted up by the company.
protonw
post Nov 12 2009, 11:11 PM

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QUOTE(Crazy88 @ Nov 12 2009, 11:51 AM)
Hi guyz,

I'm still new for the stock market..Incase i held 1000units.

How many units I entitled to subscribe? How much I need to top up?

and How many free warant I will get?

Is it worth to subscribe this right issue? Is this company in right position/track?

Before when I should subscribe?

Last time I applied for GPACKET right issue..Its really worth..

Ur guidance really much appreciated

icon_question.gif
*
Iculs entitlement 15:10

if you hold 1000 shares = 1500 unit iculs and 200 unit warrants.

Bear in mind not all counters return as good as Gpacket.


zamans98
post Nov 12 2009, 11:21 PM

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QUOTE(protonw @ Nov 12 2009, 11:11 PM)
Iculs entitlement 15:10

if you hold 1000 shares = 1500 unit iculs and 200 unit warrants.

Bear in mind not all counters return as good as Gpacket.
*
In that case, mine will be:
45,000 ICULS + 6,000 warrants
ICULS need to subscribe... more cash $$ to fork out..
BlaBlaBoy
post Nov 12 2009, 11:28 PM

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If don't subscribe then have to sell b4 24th Nov isnt?
Jackieboy
post Nov 12 2009, 11:37 PM

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yes
zamans98
post Nov 12 2009, 11:55 PM

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QUOTE(BlaBlaBoy @ Nov 12 2009, 11:28 PM)
If don't subscribe then have to sell b4 24th Nov isnt?
*
QUOTE(Jackieboy @ Nov 12 2009, 11:37 PM)
yes
*
I see no profit in selling, unless I'm wrong. Right issues always negative right from opening bell.
Jackieboy
post Nov 13 2009, 12:21 AM

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End of the day, nobody knows whether it will up or down.

I think there is limited downside as it does have good potential with Scomi Eng and Scomi MR under it.

If western economy improves next year along with gas industry, then you'll stand to make some good money.
Crazy88
post Nov 13 2009, 12:35 AM

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QUOTE(protonw @ Nov 12 2009, 11:11 PM)
Iculs entitlement 15:10

if you hold 1000 shares = 1500 unit iculs and 200 unit warrants.

Bear in mind not all counters return as good as Gpacket.
*
Thanks a lot protonw...
sjz
post Nov 13 2009, 12:53 AM

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so what would be the more likely trend of SCOMI rights issue to be listed on 17 Nov?
zamans98
post Nov 15 2009, 11:11 PM

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When can we see the OR in our account?
sjz
post Nov 15 2009, 11:36 PM

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i had asked my broking firm, they say we will see SCOMI-LR in our account in by next Tuesday
maxsteel2001us
post Nov 16 2009, 10:22 AM

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So when will this Scomi moves?? everyday see it drop... sad.gif No big shark taking it anymore?
zamans98
post Nov 16 2009, 10:42 AM

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QUOTE(sjz @ Nov 15 2009, 11:36 PM)
i had asked my broking firm, they say we will see SCOMI-LR in our account in by next Tuesday
*
means on 24th? or 17th?

According to BURSA announcement, it will be traded 2m leh..
Close: 24 Nov 09

Anyway, need some sifu explanation.


45,000 Rights - qustion, what should I do with this right issue? Listing price Rm0.10, means it can koyak all the way to RM0.01

If you don't sell, means hangus la or auto convert?


6,000 warrants - plus 40cts can convert mothershare.
RM0.10+0.40 =RM0.50, get 1 mothershare. I mean I get it on discount, coz Warrants are "FREE".



protonw
post Nov 16 2009, 05:54 PM

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QUOTE(zamans98 @ Nov 16 2009, 10:42 AM)
means on 24th? or 17th?

According to BURSA announcement, it will be traded 2m leh..
Close: 24 Nov 09

Anyway, need some sifu explanation.
45,000 Rights - qustion, what should I do with this right issue? Listing price Rm0.10, means it can koyak all the way to RM0.01

If you don't sell, means hangus la or auto convert?
6,000 warrants - plus 40cts can convert mothershare.
RM0.10+0.40 =RM0.50, get 1 mothershare. I mean I get it on discount, coz Warrants are "FREE".
*
Should be on 17/11 trade to 24/11

If dont want to sell, pay rm4,500 or hangus lor... laugh.gif

Meaning to say Iculs will end up with cost of rm0.50 and warrants rm0.40 (4000 warrants = 1000 scomi) when convert.


myfriend2009
post Nov 16 2009, 05:57 PM

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Hi, I need some help. Can anyone let me know which stockbroking firm that execute the order very early, sharp at 8:30am and sharp at 2:00pm without delays, provided we key in the orders the earliest

Looking forward some replies.

Thanks
sjz
post Nov 16 2009, 06:34 PM

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haha..
the broking firm that i am using currently suits your criteria, always have the first place, if not second place in the order, the order was confirmed by Bursa Malaysia's server as early as 8:00:17am.. tongue.gif
the Nominees IB i am using before simply sucks, always key in my order at the last or not the second last of the Q.
but i won't tell you since you are spamming our forum


Added on November 16, 2009, 6:35 pm
QUOTE(protonw @ Nov 16 2009, 05:54 PM)
Should be on 17/11 trade to 24/11

If dont want to sell, pay rm4,500 or hangus lor... laugh.gif

Meaning to say Iculs will end up with cost of rm0.50 and warrants rm0.40 (4000 warrants = 1000 scomi)  when convert.
*

i also don't really sure about this Iculs issue, but what i feel is, this deal isn't that bad, because we are entitled to get free warrants some more

This post has been edited by sjz: Nov 16 2009, 06:38 PM
vileparle
post Nov 16 2009, 07:17 PM

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I've more or less made up my mind to dump the rights, i just don't want it to be a case of 'throwing good money after bad'.

More importantly, I'd rather forgo any profits arising out of this exercise, if any, than lose more money on this counter. I may as well use the money to invest on counters which have made me rclxm9.gif than cry.gif

Good luck to everyone who are gonna take up the ICULS and the warrants smile.gif

This post has been edited by vileparle: Nov 16 2009, 07:18 PM
wankhalil
post Nov 16 2009, 07:22 PM

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QUOTE(NaMyzarC @ Dec 3 2008, 02:53 PM)
with the changes in our country leadership soon, scomi might not be in the radar as it been always political linked to current goverment.
*
is that so? hmm...
BlaBlaBoy
post Nov 17 2009, 08:01 AM

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Just saw Scomi-LR listed on KLCI @ 0.024.. where is the free warrant?
zamans98
post Nov 17 2009, 09:22 AM

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got 45,000 scomi-LR

to have ICULS, need to add 10cts only.

45,000 x 10c = RM4,500. If SCOMI-LA listed price is 15-20 cts, then make $$ plus u got free Warrants.
pete999
post Nov 17 2009, 09:33 AM

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QUOTE(zamans98 @ Nov 17 2009, 09:22 AM)
got 45,000 scomi-LR

to have ICULS, need to add 10cts only.

45,000 x 10c = RM4,500. If SCOMI-LA listed price is 15-20 cts, then make $$ plus u got free Warrants.
*
if wanna convert to share, have to wait 3 years after subscribing?
johndisaster
post Nov 17 2009, 09:54 AM

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is the rights automatically put in ur cds account?
zamans98
post Nov 17 2009, 10:03 AM

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QUOTE(johndisaster @ Nov 17 2009, 09:54 AM)
is the rights automatically put in ur cds account?
*
yes, indeed, but depends on your timing of purchase.
johndisaster
post Nov 17 2009, 10:29 AM

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i checked my online share balance, not credited. how ar?
chhow
post Nov 17 2009, 10:50 AM

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Hi.. Need u guys help..

I have 15000 SCOMI-LR in my acc now, but not yet see the Warrants..
if i wan to take the rights, what should I do in my online trading acc? how much should I pay?

protonw
post Nov 17 2009, 11:45 AM

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QUOTE(chhow @ Nov 17 2009, 10:50 AM)
Hi.. Need u guys help..

I have 15000 SCOMI-LR in my acc now, but not yet see the Warrants..
if i wan to take the rights, what should I do in my online trading acc? how much should I pay?
*
RM100 per 1000 LR.

Warrants will come on listing day I think.

I use M2u, just need to inform them to debit my account + some charges...

If you are using some direct broking firm, think you have to do all by yourself.


zamans98
post Nov 17 2009, 11:48 AM

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QUOTE(chhow @ Nov 17 2009, 10:50 AM)
Hi.. Need u guys help..

I have 15000 SCOMI-LR in my acc now, but not yet see the Warrants..
if i wan to take the rights, what should I do in my online trading acc? how much should I pay?
*
QUOTE(protonw @ Nov 17 2009, 11:45 AM)
RM100 per 1000 LR.

Warrants will come on listing day I think.

I use M2u, just need to inform them to debit my account + some charges...

If you are using some direct broking firm, think you have to do all by yourself.
*
Just confirmed with my broker.

Warrants only give if you take on LR convert to ICULS. Else, forget about Warrants, ya.

protonw
post Nov 17 2009, 12:27 PM

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QUOTE(zamans98 @ Nov 17 2009, 11:48 AM)
Just confirmed with my broker.

Warrants only give if you take on LR convert to ICULS. Else, forget about Warrants, ya.
*
During the 3 years, we can do conversion:-

4 LA to 1 Scomi

1 WA +RM0.40 = 1 Scomi

Is it right?




zamans98
post Nov 17 2009, 12:56 PM

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QUOTE(protonw @ Nov 17 2009, 12:27 PM)
During the 3 years, we can do conversion:-

4 LA to 1 Scomi

1 WA +RM0.40 = 1 Scomi

Is it right?
*
LA to Mothershare +40c, 1 to 1, per my latest info (in the Scomi Circular to Shareholder, page 5-6)

1 Warrant +40c = 1 scomi is correct


Anyway, selling my LR now @ 0.035. Not even touched at that price. It can goes as low as 0.005.
chhow
post Nov 17 2009, 02:38 PM

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Thanks protonw & zamans98..
So, if i wan to subscribe the rights, means i should response within 17/11 to 24/11 ?


toratorabluray
post Nov 17 2009, 03:41 PM

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guys

need help

regarding the scomi-LR

what is the minimum price i can sell in order not to lose any money (including the online remisier cost?)

i use Maybank2u but i forgot how much % there will charge doh.gif
sjz
post Nov 17 2009, 11:00 PM

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if you are a share holder of scomi, then you are losing money.
as their recent price is 0.58 before the rights issue EX date, now is 0.505, even the day after the EX date also 0.53 only.
But the Scomi-LR opens at 0.024, so the price of Scomi mothershare after the EX-date should be 0.556 OPENING instead of the low opening of 0.500.
This is MAINLY due to the misunderstanding arose from the statement stating the ask price for Scomi-LR is 0.10, making quite a number of ppl thinking the price for Scomi-LR will start at 0.10
I am a victim of this 'so called' confusion too.

This post has been edited by sjz: Nov 17 2009, 11:01 PM
nujikabane
post Nov 17 2009, 11:38 PM

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So can I safely assume that -LR will cease to exist after 24/11 ?
BlaBlaBoy
post Nov 18 2009, 12:09 AM

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Wait for tomorrow, some shark will make LR look interesting..
maxsteel2001us
post Nov 18 2009, 01:24 AM

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Exercise rights will be b4 Dec 2. Have to wait for the symphony to send the letter. My agent said it's worth to convert the free warrant for those who buy scomi b4 11 nov. Tht's what my agent said
Jackieboy
post Nov 18 2009, 01:51 AM

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If buy the rights, what is the date that money must be deposited? 2nd Dec or 24 Nov ?
maxsteel2001us
post Nov 18 2009, 02:25 AM

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QUOTE(Jackieboy @ Nov 18 2009, 01:51 AM)
If buy the rights, what is the date that money must be deposited? 2nd Dec or 24 Nov ?
*
My agent said dec 2..hope i not hear wrongly..maybe some ppl can confirm this...
Hookie
post Nov 18 2009, 10:43 AM

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I bought SCOMI-LR @ 0.045 (yes, ouch) but if i convert the LR to scomies, i have to top up 0.40/LR. Question is now my total cost is 0.445/scomi, will converting them to scomi reduces my losses?

/e
graph is also showing scomi mothershare is going on a down trend. cry.gif

This post has been edited by Hookie: Nov 18 2009, 10:45 AM
pete999
post Nov 18 2009, 10:55 AM

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QUOTE(Hookie @ Nov 18 2009, 10:43 AM)
I bought SCOMI-LR @ 0.045 (yes, ouch) but if i convert the LR to scomies, i have to top up 0.40/LR. Question is now my total cost is 0.445/scomi, will converting them to scomi reduces my losses?

/e
graph is also showing scomi mothershare is going on a down trend.  cry.gif
*
To convert LR to LA, u need 0.10 cents per LR for qualification to LA and free warrants, if u don convert, those papers is junk in a few days time...
If u convert u get some free warrants + if u wanna convert to mother share +40 cents per/LA or WA to 1 scomi share

BTW its a bad share to invest doh.gif


Added on November 18, 2009, 11:09 am
QUOTE(maxsteel2001us @ Nov 18 2009, 01:24 AM)
Exercise rights will be b4 Dec 2. Have to wait for the symphony to send the letter. My agent said it's worth to convert the free warrant for those who buy scomi b4 11 nov. Tht's what my agent said
*
yes....

price of LR convert = 0.03 cents +0.1 +0.4 =1 scomi share
price of 1 warrant = +0.4 = 1 scomi share

basically u earn +0.1 if warrant convert but not LA

Price of 1 warrant listing on first day = mothershare price - exercise price 0.4 = 0.10-0.20 cents worth

As for LR to LA, LA got 4% annual interest for 3 years and at the end of 3 years u can convert or sell back to scomi for 0.10 cents, so basically we are mini loansharks for scomi in returns for penuts doh.gif

This post has been edited by pete999: Nov 18 2009, 11:18 AM
kolabong
post Nov 18 2009, 11:28 AM

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anyone converted the LR ? how to convert them via those online broking firm. im using HLebroking. thanks alot!
pete999
post Nov 18 2009, 11:44 AM

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QUOTE(kolabong @ Nov 18 2009, 11:28 AM)
anyone converted the LR ? how to convert them via those online broking firm. im using HLebroking. thanks alot!
*
call their hotline and tell them and btw HL ebroking have until tomorrow to convert... my broker told me..
nujikabane
post Nov 18 2009, 12:08 PM

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LOL the LR counter is amongst the most active counter during the morning trading session biggrin.gif
zamans98
post Nov 18 2009, 12:39 PM

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aiyo... really dilemma.

I think will sell la that crappy LR. Useless share. Dun want to put in more $$ to buy junk.

Mothershare already junk..
kolabong
post Nov 18 2009, 12:56 PM

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me too. thinking of avrg down but worried that i will go down and drown..


Added on November 18, 2009, 1:24 pmwhy still have many ppl buy LR @ current price 0.02? will the LA worth more than 0.02 if it listed? hmm....

This post has been edited by kolabong: Nov 18 2009, 01:24 PM
maxsteel2001us
post Nov 18 2009, 01:59 PM

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so what should i do? aih....if sell the lr now...only earn RM90...but losses in scomi -777 ....

i m confuse here...i got 6k scomi-lr here for free.....but the price is 0.02 now ....
and ain't that 0.10 when i want to convert to mothershare? how it is counted??

This post has been edited by maxsteel2001us: Nov 18 2009, 02:17 PM
kolabong
post Nov 18 2009, 03:03 PM

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QUOTE(zamans98 @ Nov 17 2009, 09:22 AM)
got 45,000 scomi-LR

to have ICULS, need to add 10cts only.

45,000 x 10c = RM4,500. If SCOMI-LA listed price is 15-20 cts, then make $$ plus u got free Warrants.
*
LR is the right to buy ICULS (the 4% pa thingy, and i assume it will be known as SCOMI-LA if it listed).
1000 scomi = 1500 LR.

if i have 1500 LR: pay 0.10each or RM15 to get 1500 LA and free 200 warrants.

so i can exercise 200 warrants and get 200 mothershare @ 0.40each.

how about the 1500 LA ? sell ? can i convert it to mothershare?

thanks alot!




zamans98
post Nov 18 2009, 03:13 PM

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QUOTE(maxsteel2001us @ Nov 18 2009, 01:59 PM)
so what should i do? aih....if sell the lr now...only earn RM90...but losses in scomi -777 ....

i m confuse here...i got 6k scomi-lr here for free.....but the price is 0.02 now ....
and ain't that 0.10 when i want to convert to mothershare? how it is counted??
*
Sold all crappy at market price 0.025. Better preserve the cash. Should sell it yesterday, thinking that it will hit 0.05c, that's why.


Added on November 18, 2009, 3:20 pm
QUOTE(kolabong @ Nov 18 2009, 03:03 PM)
LR is the right to buy ICULS (the 4% pa thingy, and i assume it will be known as SCOMI-LA if it listed).
1000 scomi = 1500 LR.

if i have 1500 LR: pay 0.10each or RM15 to get 1500 LA and free 200 warrants.

so i can exercise 200 warrants and get 200 mothershare @ 0.40each.

how about the 1500 LA ? sell ? can i convert it to mothershare?

thanks alot!
*
yes, LR is the right to buy ICULS.

Buy now get free warrants 200w for 1000 ICULS.

So, if you have 1500LR, pay RM150 (RM0.10 x 1500)

Then your total price will be around RM160 (plus other fees) and get free 300 warrants

Assume the WARR is listed at 0.12cts, then you got extra RM36 (if sell less RM15 for fees)

So, total net investment is RM160- 36-15 => 140 RM roughly, and you get 4% income for every year, or convert to mothershare

RM0.40 x 1500 = RM600, and get 1,500 scomi *now worth 51cts, so pretty much in profit, provided the mothershare stable at that level/range

Sold mine, 45,000 LR for cash at 0.025.

If I want LA, then need to fork out 4500, better preserve cash for MAXIS

This post has been edited by zamans98: Nov 18 2009, 03:22 PM
maxsteel2001us
post Nov 18 2009, 04:54 PM

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QUOTE(zamans98 @ Nov 18 2009, 03:13 PM)
Sold all crappy at market price 0.025. Better preserve the cash. Should sell it yesterday, thinking that it will hit 0.05c, that's why.


Added on November 18, 2009, 3:20 pm

yes, LR is the right to buy ICULS.

Buy now get free warrants 200w for 1000 ICULS.

So, if you have 1500LR, pay RM150 (RM0.10 x 1500)

Then your total price will be around RM160 (plus other fees) and get free 300 warrants

Assume the WARR is listed at 0.12cts, then you got extra RM36 (if sell less RM15 for fees)

So, total net investment is RM160- 36-15 => 140 RM roughly, and you get 4% income for every year, or convert to mothershare

RM0.40 x 1500 = RM600, and get 1,500 scomi *now worth 51cts, so pretty much in profit, provided the mothershare stable at that level/range

Sold mine, 45,000 LR for cash at 0.025.

If I want LA, then need to fork out 4500, better preserve cash for MAXIS
*
can explain 4% income from which amount??
Hookie
post Nov 18 2009, 05:24 PM

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4% of ICULS of rm0.10 par

means 1000 ICULS get RM4/annum

sifus in ly plz correct me if i'm wrong tongue.gif
David_Brent
post Nov 18 2009, 05:25 PM

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QUOTE(Hookie @ Nov 18 2009, 05:24 PM)
4% of ICULS of rm0.10 par

means 1000 ICULS get RM4/annum

sifus in ly plz correct me if i'm wrong tongue.gif
*
Not worth getting out of bed for really - is it? hmm.gif
kolabong
post Nov 18 2009, 05:53 PM

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Wow...so many bought at 0.020 and sold at 0.025!!! too bad im not a good swinger..
zamans98
post Nov 18 2009, 05:57 PM

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QUOTE(maxsteel2001us @ Nov 18 2009, 04:54 PM)
can explain 4% income from which amount??
*
Seriously, I don't know. Could be frm RM0.10 par, as this is not mothershare. More like "BOND" ..
vileparle
post Nov 18 2009, 07:46 PM

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QUOTE(zamans98 @ Nov 18 2009, 03:13 PM)
............
If I want LA, then need to fork out 4500, better preserve cash for MAXIS
*
More importantly, u'll be buying a stable CI stock in the form of maxis nod.gif
BlaBlaBoy
post Nov 18 2009, 08:03 PM

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My HLB called me today and told me that tmr is last day to subcribe the LR.. What if I dun subcribe tmr?
zamans98
post Nov 18 2009, 08:36 PM

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QUOTE(BlaBlaBoy @ Nov 18 2009, 08:03 PM)
My HLB called me today and told me that tmr is last day to subcribe the LR.. What if I dun subcribe tmr?
*
burn la, become duit pisang. no value..
nujikabane
post Nov 18 2009, 09:34 PM

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QUOTE(BlaBlaBoy @ Nov 18 2009, 08:03 PM)
My HLB called me today and told me that tmr is last day to subcribe the LR.. What if I dun subcribe tmr?
*
Not 24th meh ?
Hookie
post Nov 19 2009, 10:21 AM

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lol every1 throwing scomi to buy maxis? no wonder la scomi-lr price drop another 40% today
nujikabane
post Nov 19 2009, 12:09 PM

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QUOTE(Hookie @ Nov 19 2009, 10:21 AM)
lol every1 throwing scomi to buy maxis? no wonder la scomi-lr price drop another 40% today
*
lol scomi-lr is the highest traded at the moment, lol
btfan
post Nov 19 2009, 02:11 PM

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Hmm there's so much interest in the LR. More ppl wanted to buy rather than sell. Is someone accumulating the LR?
nujikabane
post Nov 19 2009, 08:11 PM

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QUOTE(BlaBlaBoy @ Nov 18 2009, 08:03 PM)
My HLB called me today and told me that tmr is last day to subcribe the LR.. What if I dun subcribe tmr?
*
The subscription letter to subscribe was only sent beginning yesterday, so how could the alst day to subscribe be tomorrow? I've asked my remisier, it says the last day to send the money to subscribe is on the 12th of December
michaelangelo
post Nov 19 2009, 10:25 PM

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QUOTE(nujikabane @ Nov 19 2009, 08:11 PM)
The subscription letter to subscribe was only sent beginning yesterday, so how could the alst day to subscribe be tomorrow? I've asked my remisier, it says the last day to send the money to subscribe is on the 12th of December
*
The last day for subscription is 2nd dec. I just got the letter today.
scomi number not ong at all..7158 -> '7 yat mmm fatt' (7 days not rich)...cham...
maxsteel2001us
post Nov 19 2009, 10:34 PM

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lol...i left scomi d at the price 0.485 ..for maxis...lost 800 ><
...i go for dividend play d....

scomi number oso ong...7158 -> '7 yat fai fatt' (7 days fast rich)....depends n how u see it..
nujikabane
post Nov 19 2009, 11:13 PM

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QUOTE(michaelangelo @ Nov 19 2009, 10:25 PM)
The last day for subscription is 2nd dec. I just got the letter today.
scomi number not ong at all..7158 -> '7 yat mmm fatt' (7 days not rich)...cham...
*
Oh I see, thanks for the correction.
Hahahha the number has got nothing to do with how the company fares. LOL
BlaBlaBoy
post Nov 20 2009, 08:34 AM

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QUOTE(michaelangelo @ Nov 19 2009, 10:25 PM)
The last day for subscription is 2nd dec. I just got the letter today.
scomi number not ong at all..7158 -> '7 yat mmm fatt' (7 days not rich)...cham...
*
Mean we can hold our LR until 2nd of december?
zamans98
post Nov 20 2009, 09:31 AM

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QUOTE(BlaBlaBoy @ Nov 20 2009, 08:34 AM)
Mean we can hold our LR until 2nd of december?
*
Do you really want to convert to mother-share? Its on sale as well today.

KNN, 0.475
chhow
post Nov 20 2009, 12:42 PM

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Guys..

I juz received the subscription letter.. But abit confuse..
Do I need to fill up both Part I and II?
What does it means by "APPLICATION FOR EXCESS ICSLS"?

BlaBlaBoy
post Nov 20 2009, 01:45 PM

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QUOTE(zamans98 @ Nov 20 2009, 09:31 AM)
Do you really want to convert to mother-share? Its on sale as well today.

KNN, 0.475
*
Nope, what do you mean by on sales?
zamans98
post Nov 20 2009, 02:28 PM

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QUOTE(BlaBlaBoy @ Nov 20 2009, 01:45 PM)
Nope, what do you mean by on sales?
*
means, mothershare now 47c average.

you buy LR, convert to ICULS = total cost how much?

Ie. 0.10+0.40 = 0.50 > mother share. Will the warrants when listed cost more than 0.05?? Still cannot recover the total paper losses.

Another questions for expert, assume I buy ICULS after listed, will I get free warrants? whistling.gif
hyui84
post Nov 20 2009, 02:54 PM

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i am new in share market. i got 7500 unit scomi-LR right issue, i donno how to calculate whether is good to buy or not? i have been told that this is a loan stock and will get 1 warrant.

any advise?
zamans98
post Nov 20 2009, 03:30 PM

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QUOTE(hyui84 @ Nov 20 2009, 02:54 PM)
i am new in share market. i got 7500 unit scomi-LR right issue, i donno how to calculate whether is good to buy or not? i have been told that this is a loan stock and will get 1 warrant.

any advise?
*
7,500 x 0.10 = RM750

Pay this amount, either call up your Broker house if Nominee account to convert, or do yourself, as you should already receive the Allotment paper. Fill the form, sign and get a Bank Draft/banker's Cheque, attached to the form, buy hasil stamp RM10 or get Symphony House to help you.

Then, you will get 7,500 SCOMI-LA, listing price I dunno. If you want to convert from SCOMI-LA to SCOMI, pay RM0.40 x 7, 500 = RM3000

At the same time, you will get Free Warrants (1,000 LR = 200 warrant)

At this point, I cannot say if its a good or bad buy. I sold off mine at 0.025c
hyui84
post Nov 20 2009, 03:49 PM

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QUOTE(zamans98 @ Nov 20 2009, 03:30 PM)
7,500 x 0.10 = RM750

Pay this amount, either call up your Broker house if Nominee account to convert, or do yourself, as you should already receive the Allotment paper. Fill the form, sign and get a Bank Draft/banker's Cheque, attached to the form, buy hasil stamp RM10 or get Symphony House to help you.

Then, you will get 7,500 SCOMI-LA, listing price I dunno. If you want to convert from SCOMI-LA to SCOMI, pay RM0.40 x 7, 500 = RM3000

At the same time, you will get Free Warrants (1,000 LR = 200 warrant)

At this point, I cannot say if its a good or bad buy. I sold off mine at 0.025c
*
Thanks for the explanation, very clear...
BUt i still dunno whether to sell or convert to mother lot?? sad.gif
i think today is last day to decide.

Heard scomi got big project soon...
i hope to sell it long time ago but no chance to do so...
zamans98
post Nov 20 2009, 04:21 PM

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QUOTE(chhow @ Nov 20 2009, 12:42 PM)
Guys..

I juz received the subscription letter.. But abit confuse..
Do I need to fill up both Part I and II?
What does it means by "APPLICATION FOR EXCESS ICSLS"?
*
Isi the 2nd form only. Photocopy first, and fill the photocopy. Then confident okay, fill the ori paper, go to bank, issue BANK DRAF, and send to the REGISTRAR ie Symphony House. (add RM10 for Hasil Stamp)


BlaBlaBoy
post Nov 20 2009, 08:00 PM

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QUOTE(hyui84 @ Nov 20 2009, 03:49 PM)
Thanks for the explanation, very clear...
BUt i still dunno whether to sell or convert to mother lot??  sad.gif
i think today is last day to decide.

Heard scomi got big project soon...
i hope to sell it long time ago but no chance to do so...
*
Today is not the last day.. Some said 2nd of Dec and some said 24th of Nov.. I'm also not clear
michaelangelo
post Nov 21 2009, 12:21 AM

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QUOTE(BlaBlaBoy @ Nov 20 2009, 08:00 PM)
Today is not the last day.. Some said 2nd of Dec and some said 24th of Nov.. I'm also not clear
*
23rd Nov is the last day for the trading of scomi-lr.
2nd Dec is the last day for acceptance & payment


say u have 1000 units of scomi. u r entitled to 1500 units of scomi lr which you can sell in the market.
as of today the price is 0.02 sen..so if you sell, u will get 1500*0.02 = RM30 minus brokerage.
u have up to 23rd nov(next monday) to sell your scomi-lr.

after 23rd nov, if you have not sell your rights, that means you choose to pick up the icsls(irredeemable convertible secured loan stocks).
if you pick up, u need to pay RM150 and you get 1500 units of iclsls and 200 units of free warrants.
last day is 2nd dec 5pm for your application to reach them.

if you do none of the above, that means u just let the rights burn and u get nothing.
colt45
post Nov 21 2009, 05:20 AM

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QUOTE(michaelangelo @ Nov 21 2009, 12:21 AM)
23rd Nov is the last day for the trading of scomi-lr.
2nd Dec is the last day for acceptance & payment
say u have 1000 units of scomi. u r entitled to 1500 units of scomi lr which you can sell in the market.
as of today the price is 0.02 sen..so if you sell, u will get 1500*0.02 = RM30 minus brokerage.
u have up to 23rd nov(next monday) to sell your scomi-lr.

after 23rd nov, if you have not sell your rights, that means you choose to pick up the icsls(irredeemable convertible secured loan stocks).
if you pick up, u need to pay RM150 and you get 1500 units of iclsls and 200 units of free warrants.
last day is 2nd dec 5pm for your application to reach them.

if you do none of the above, that means u just let the rights burn and u get nothing.
*
very clear..thank you sir.
let say i choose option 2, then i would have 1500 unit of scomi lr converted into scomi?
gildan2020
post Nov 21 2009, 05:51 PM

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Hi, this is a newbie question

I don't have any scomi shares beforehand.

Can I buy 10000 units of scomi-lr at 0.01, then sell it all later at 0.015 (if it goes up)?

Example:
10000 x 0.01 = RM 100
10000 x 0.015 = RM 150

Gross profit is RM50 (so net profit is less due to brokerage fee)

Pls also advise if my calculation is correct.
zamans98
post Nov 23 2009, 09:27 AM

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QUOTE(gildan2020 @ Nov 21 2009, 05:51 PM)
Hi, this is a newbie question

I don't have any scomi shares beforehand.

Can I buy 10000 units of scomi-lr at 0.01, then sell it all later at 0.015 (if it goes up)?

Example:
10000 x 0.01 = RM 100
10000 x 0.015 = RM 150

Gross profit is RM50 (so net profit is less due to brokerage fee)

Pls also advise if my calculation is correct.
*
sure can, not an issue. But if market U turned or go against you, you cud lost that RM50!
mox123
post Nov 23 2009, 01:47 PM

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Hi,

I was entitled 4500 of Scomi-LR, if I execise my right before 2nd of December, I'll need to pay RM450, right? After that, I'll get 600 free warrants and 4500 ICULS, right?

My question is after 2nd Dec, I can actually connvert it to mother share with top up but when can I do that? Is it anytime withing the 3 yr period? And during the 3 years period, I'll get interest if I don't convert, right? If I didn't do anything after 3 years, I can get back the RM450 when I execised the right, is it correct?

Sorry for so many questions to post ;-)
zamans98
post Nov 23 2009, 02:14 PM

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QUOTE(mox123 @ Nov 23 2009, 01:47 PM)
Hi,

I was entitled 4500 of Scomi-LR, if I execise my right before 2nd of December, I'll need to pay RM450, right? After that, I'll get 600 free warrants and 4500 ICULS, right?

My question is after 2nd Dec, I can actually connvert it to mother share with top up but when can I do that? Is it anytime withing the 3 yr period? And during the 3 years period, I'll get interest if I don't convert, right? If I didn't do anything after 3 years, I can get back the RM450 when I execised the right, is it correct?

Sorry for so many questions to post ;-)
*
4,500 x 0.10 = RM450
so, you should get 900warrants
* 1,000 LR = 200 warrant

ICULS = 4,500, either convert to mothershare add 40c each or can sell it off, like normal share.
Warrants - can sell upon listing or wait and convert to mothershare +40c
mox123
post Nov 23 2009, 03:27 PM

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QUOTE(zamans98 @ Nov 23 2009, 02:14 PM)
4,500 x 0.10 = RM450
so, you should get 900warrants
* 1,000 LR = 200 warrant

ICULS = 4,500, either convert to mothershare add 40c each or can sell it off, like normal share.
Warrants - can sell upon listing or wait and convert to mothershare +40c
*
Thanks for quick reply.

What I don't understand here is when can I convert it to ICULS, is there a period of time which I needed to perform the conversion?

zamans98
post Nov 23 2009, 04:22 PM

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QUOTE(mox123 @ Nov 23 2009, 03:27 PM)
Thanks for quick reply.

What I don't understand here is when can I convert it to ICULS, is there a period of time which I needed to perform the conversion?
*
No time period, I read the thick novel they send out. Not like TA-Global.

Even 1st day listed you can convert, but pls check with your broker house first, just to confirm.
IceQTurbo
post Nov 24 2009, 09:41 AM

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I bought 50,000 Scomi-LR shares @ 0.02 a few days ago, however I think today the counter is suspended. Wat will happen to my shares then?
vileparle
post Nov 24 2009, 12:43 PM

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QUOTE(IceQTurbo @ Nov 24 2009, 09:41 AM)
I bought 50,000 Scomi-LR shares @ 0.02 a few days ago, however I think today the counter is suspended. Wat will happen to my shares then?
*
Read michaelangelo's reply on the previous page.
smwah
post Nov 26 2009, 12:07 AM

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guys plz help,

share holding - 500
right shares entiltlement - 700 ICSLS
free warrants entiltlement 100 warrants

subscription cost rm75
min srv charges rm12

So what should I do?
I just received the letter today.

I need to pay rm75 to get those iclsls and warrants?
If yes, then can I sell them?


zamans98
post Nov 26 2009, 12:10 AM

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QUOTE(smwah @ Nov 26 2009, 12:07 AM)
guys plz help,

share holding - 500
right shares entiltlement - 700 ICSLS
free warrants entiltlement 100 warrants

subscription cost rm75
min srv charges rm12

So what should I do?
I just received the letter today.

I need to pay rm75 to get those iclsls and warrants?
If yes, then can I sell them?
*
aiyoh, why not just sell 'em last time?

No choice, convert to ICUL

700 x 0.10 = RM70 plus fees. Then your 700 will be listed as SCOMI-LA, opening/listed price duno how much.

Upon opening you can sell your warrants.

In total, I dun think so you will gain anything - small volume, pay high fees.. sad.gif
smwah
post Nov 26 2009, 01:17 AM

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QUOTE(zamans98 @ Nov 26 2009, 12:10 AM)
aiyoh, why not just sell 'em last time?

No choice, convert to ICUL

700 x 0.10 = RM70 plus fees. Then your 700 will be listed as SCOMI-LA, opening/listed price duno how much.

Upon opening you can sell your warrants.

In total, I dun think so you will gain anything - small volume, pay high fees.. sad.gif
*
so meaning i need to pay Rm75? but then what I can sell? both warrant and the LA?
if no pay meaning both warrant and LA no more?

zamans98
post Nov 26 2009, 06:08 AM

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QUOTE(smwah @ Nov 26 2009, 01:17 AM)
so meaning i need to pay Rm75? but then what I can sell? both warrant and the LA?
if no pay meaning both warrant and LA no more?
*
why RM75? not sure how you came out with the figure.

Its 700 x 10c = RM70, plus hasil stamp RM10, so its RM80

ICULs you can sell open market, or pay extra RM0.40 x 700 = 280+10+registrar fees (less than RM10) so in total pay RM300 to convert LA to SCOMI mothershare.

For warrants, you also can sell open market.

* for small volume, the charges kills you.

I, personally believe from this exercise, the only profit you will gain is the FREE WARRANT.
HaoYuan
post Nov 30 2009, 11:26 AM

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hey scomi(7158) price drop till 0.47 d, izit a good time to buy?
i planning to buy 50000 share of it but seen that i keep dropping over this few mth, so i not dare to buy at all, from history the lowest can drop till 0.29, and i saw that the highest was 1.99, wow , can earn quite a lot if hold for long term, so now , izit the right time for me to buy?
guys, any suggestion?
vileparle
post Nov 30 2009, 01:26 PM

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QUOTE(HaoYuan @ Nov 30 2009, 11:26 AM)
hey scomi(7158) price drop till 0.47 d, izit a good time to buy?
i planning to buy 50000 share of it but seen that i keep dropping over this few mth, so i not dare to buy at all, from history the lowest can drop till 0.29, and i saw that the highest was 1.99, wow , can earn quite a lot if hold for long term, so now , izit the right time for me to buy?
guys, any suggestion?
*
Care to share what attracts you to this counter? Are you basing ur decision merely on the historical share price?

Regards,
A Scammy shareholder who wishes he had never bought into the counter biggrin.gif

HaoYuan
post Nov 30 2009, 02:25 PM

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wah now drop till 0.465 d, seen like not stable and will keep on dropping.
my father buy during june and july at 0.73, make quite a lot of loss, he buy 150000 share, dunno loss how much d,hope wont drop again.pls go up
pete999
post Nov 30 2009, 07:10 PM

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QUOTE(HaoYuan @ Nov 30 2009, 02:25 PM)
wah now drop till 0.465 d, seen like not stable and will keep on dropping.
my father buy during june and july at 0.73, make quite a lot of loss, he buy 150000 share, dunno loss how much d,hope wont drop again.pls go up
*
drop 1 cent = 1500 rm

its a bad counter since its leading by adullah son, previous prime minister.... sweat.gif
welcome to scomi holland travel. doh.gif
HaoYuan
post Nov 30 2009, 09:53 PM

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quite a good news today go up to .485, not bad
huhuhu
max2k
post Nov 30 2009, 10:08 PM

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yeah..i also got some go holland alrady... during .76

wonder what really happen on this stock
HaoYuan
post Nov 30 2009, 11:34 PM

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lol. hold it until it get back to 0.76 la, if you doesnt need that money
but it was a large organisation right, so hold it for long term is ok wat.
between, how u buy share 1 ah, maybank2u?
BlaBlaBoy
post Dec 2 2009, 07:28 PM

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Today Scomi back to 50 cent.. when scomi-wa will list?
vileparle
post Dec 2 2009, 07:49 PM

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QUOTE(BlaBlaBoy @ Dec 2 2009, 07:28 PM)
Today Scomi back to 50 cent.. when scomi-wa will list?
*
I wonder for how long is it gonna be at 50 biggrin.gif
smwah
post Dec 3 2009, 02:35 AM

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Regardign those warrant & others, I never pay any money and inform them. So meaning i get nothing?
50sen now? Thinking to let it go.

This post has been edited by smwah: Dec 3 2009, 02:37 AM
HaoYuan
post Dec 3 2009, 04:06 AM

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i think still will go up leh. since the company is performing quite well now. add oil...go up
protonw
post Dec 3 2009, 09:18 AM

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QUOTE(smwah @ Dec 3 2009, 02:35 AM)
Regardign those warrant & others, I never pay any money and inform them. So meaning i get nothing?
50sen now? Thinking to let it go.
*
Didnt pay means give up.... tongue.gif


skyboy04
post Dec 3 2009, 01:38 PM

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QUOTE(smwah @ Dec 3 2009, 02:35 AM)
Regardign those warrant & others, I never pay any money and inform them. So meaning i get nothing?
50sen now? Thinking to let it go.
*
I ask for excess on top of the portion allocated.

IMO, if SCOMI share price maintain above 40 cents, the value of loan stock will be above 10 cents since 4 loan stocks convert to 1 parent share.

So, will not loss any money and get free warrants drool.gif icon_rolleyes.gif

I think is a good deal


zamans98
post Dec 16 2009, 11:46 AM

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SCOMI LA and WA listed today.

So, anyone making $$?
hyui84
post Dec 16 2009, 01:35 PM

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QUOTE(zamans98 @ Dec 16 2009, 11:46 AM)
SCOMI LA and WA listed today.

So, anyone making $$?
*
1.23 but now drop till 1.00 ...
pete999
post Dec 16 2009, 03:42 PM

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waiting for a little bull run on mothershare...
protonw
post Dec 16 2009, 10:38 PM

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I dumped all mother shares and jump to scomi LA to collect 4% interest pa rather than keeping mother share with little hope of dividend. May convert back to mother share if mother share move above rm0.50. brows.gif


chhow
post Dec 21 2009, 07:28 PM

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Hi,
I've accepted the right issue and sent out the rights subsciption form with banker's chq; yet didnt receive any acknowledgement letter.. wat should i do? any guidance??
sjz
post Dec 21 2009, 08:14 PM

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i think you need to call Symphony and ask about it.
you should get your portion on the listing date
zamans98
post Dec 21 2009, 09:44 PM

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this KURAP share still below 50c. Haih..
1698
post Dec 29 2009, 01:28 AM

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Scomi won a lot of projects... but still below 0.50...

Scomi bags RM17.5m drilling fluid contract - (01-12-09)
http://www.btimes.com.my/Current_News/BTIM...komi29/Article/

Scomi raises RM151m from renounceable rights issue - (18-12-09)
http://www.btimes.com.my/Current_News/BTIM...isko16/Article/

Scomi appoints Hilmy Zaini as Brazil head - (23-12-09)
http://www.btimes.com.my/Current_News/BTIM...202129/Article/

zamans98
post Dec 29 2009, 05:15 AM

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yup, this kurap still below 50cts. Hve to wait 1-2 years to see it above 80c
sohkeong
post Jan 1 2010, 11:01 PM

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1 - 2 years? i thought 1 - 2 month.. i still holding alot of SCOMIMR .. ..might as well look into SCOMI too since the price so attractive
1698
post Jan 7 2010, 11:05 PM

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Scomi getting a lot of project oh !


Scomi delivers 1st monorail car for Mumbai project
http://www.theedgemalaysia.com/component/c...cle/156869.html
sohkeong
post Jan 7 2010, 11:30 PM

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super old news liao...
motolola
post Jan 8 2010, 01:08 AM

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i was wondering how to arrive at a 'BUY' decision for SCOMI-WA when it was around 0.16.. anyone bought it? how did you do your analysis until you will buy it tongue.gif
1698
post Jan 11 2010, 05:14 PM

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oil & gas related counters such as Kencana, SapuraCrest and Scomi Group should attract buyers on dips given the firm crude oil prices

http://www.btimes.com.my/Current_News/BTIM...ci1001/Article/


sohkeong
post Jan 12 2010, 12:30 AM

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omg..my perisai..damn losing money..hopefully OnG boost from other counter will lift up my perisai also..if not.. really "KANASAI" stock
jctcm
post Feb 2 2010, 02:57 PM

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any idea why the selling pressure is so great over the week?
and the 1 lot buyer..

I am still holing it..

This post has been edited by jctcm: Feb 2 2010, 03:01 PM
BlaBlaBoy
post Feb 8 2010, 08:29 PM

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I'm still holding it.. but can anyone give me a reason for holding it?
fumi
post Apr 8 2010, 05:06 PM

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what happened to scomi today?



Additional Listing Announcement
8 Apr 2010, 10:42
Additional Listing Announcement
1. Details of Corporate Proposal
Whether the corporate proposal involves the issuance of new type and
new class of securities? No
Types of corporate proposal : Others
Details of Corporate Proposal : Conversion of Irredeemable Convertible
Secured Loan Stocks (ICSLS) to Ordinary Shares
No. of shares issued under this corporate proposal: 3,066,401
Issue price per share ($$) : MYR 0.400
Par Value ($$) : MYR 0.100
Latest issued and paid up share capital after the above corporate proposal
in the following
Units : 1,135,147,587
Currency : MYR 113,514,758.700
Listing Date : 09/04/2010
Remarks : The new ordinary shares were allotted as a result of the conversion
of 12,265,604 ICSLS.
This announcement is dated 8 April 2010.


Anyone know what to do on this announcement that made this account shoot up so rapidly ?

This post has been edited by fumi: Apr 8 2010, 05:11 PM
alfredfx
post Apr 8 2010, 07:46 PM

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yst got briefing on restructuring their financial position
fumi
post Apr 9 2010, 12:36 AM

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so it does affect the price jacked up?
xeroxphan
post Apr 9 2010, 08:16 AM

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how bout today..will it continue to rise??
zamans98
post Apr 9 2010, 08:43 AM

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Hope it flies to 60cts and 70 cts next week
alenac
post Apr 9 2010, 11:02 AM

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hey bro Zam, got buy scomila and scomimr, with price of oil moving up and up and dow also up, certainly scomi would pull these sons up too eh?

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post Apr 9 2010, 12:54 PM

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My contacts say the Middle East people like SCOMI. But today is Friday and Friday prayer is at 4.00pm in Dubai.

I see SCOMI to go up to 0.75 and the SCOMI-wa to go to 0.48.

n00b123
post Apr 9 2010, 02:28 PM

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QUOTE(rosdi1 @ Apr 9 2010, 12:54 PM)
My contacts say the Middle East people like SCOMI. But today is Friday and Friday prayer is at 4.00pm in Dubai.

I see SCOMI to go up to 0.75 and the SCOMI-wa to go to 0.48.
*
Hopefully it would rebound rclxm9.gif
xeroxphan
post Apr 9 2010, 06:09 PM

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wow 0.75 is too much...haha dun be so greedy lol
randytankt
post Apr 11 2010, 08:26 PM

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scomi engineering's fundamental doesn't look that attracting -.=
n00b123
post Apr 14 2010, 04:24 PM

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This counter is sinking again sad.gif
nthk2y00
post Apr 14 2010, 10:08 PM

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QUOTE(n00b123 @ Apr 14 2010, 04:24 PM)
This counter is sinking again  sad.gif
*
Most Oil Gas related counter not doing good.... vmad.gif
zamans98
post Apr 14 2010, 11:22 PM

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Oh yea, sinking again. Every day Q 70cts, too optimistic la.
kolabong
post Apr 15 2010, 04:52 PM

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im not greedy..0.55 is nice enough to me..come on u bugger!! up up!
n00b123
post Apr 15 2010, 05:39 PM

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0.55 is hard to achieve it seems...might as well queue to buy @0.45 tongue.gif
investorsoh
post Apr 17 2010, 07:59 AM

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seem that going to drop slowly
n00b123
post Apr 20 2010, 02:36 PM

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Do you guys think this counter gonna rally anytime soon?
BlaBlaBoy
post Apr 20 2010, 09:03 PM

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I'm going to rally with this scomi..
cliffang83
post Apr 20 2010, 11:02 PM

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SCOMI~~~
lakini80
post Apr 21 2010, 12:51 PM

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Waiting for the Brazil Monorail project announcement.
This will definitely bring up the price...
cliffang83
post Apr 21 2010, 02:58 PM

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Go SCOMI~
zamans98
post Apr 21 2010, 04:43 PM

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Dying again. WTH. Always losing steam.
yiivei
post Apr 21 2010, 06:25 PM

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QUOTE(lakini80 @ Apr 21 2010, 12:51 PM)
Waiting for the Brazil Monorail project announcement.
This will definitely bring up the price...
*
Yes. But when?
cliffang83
post Apr 22 2010, 09:11 AM

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SCOMI will raise again... just my 2 cents... BTW its a profitable company to invest in...
investorsoh
post Apr 22 2010, 10:00 AM

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ya will raise again ... go go scomi
lakini80
post Apr 22 2010, 11:47 AM

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QUOTE(yiivei @ Apr 21 2010, 06:25 PM)
Yes. But when?
*
Heard from sources is by end of April...Hopefully is true..
gs20
post Apr 22 2010, 11:53 AM

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But how high can it go in near future?
cliffang83
post Apr 23 2010, 09:45 AM

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As high as can be.... slowly accumulating the counter....


Added on April 23, 2010, 9:47 amThe vol of SCOMI had slowly dried out.... smile.gif

This post has been edited by cliffang83: Apr 23 2010, 09:47 AM
n00b123
post Apr 30 2010, 11:51 AM

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shouldn't this be a good news?

Scomi bags RM60.5m jobs in Asia
Published: 2010/04/30

The group says its oilfield services business has successfully secured the RM60.5 million projects in Malaysia, Thailand and Indonesia

SCOMI Group Bhd (7158), an oil and gas services provider, bagged RM60.5 million worth of jobs in Asia within the first three months of this year.

In a statement issued yesterday, the group said its oilfield services business has successfully secured the RM60.5 million projects in Malaysia, Thailand and Indonesia, which will robustly contribute to the group's revenue in the first quarter of 2010.

These contracts are in addition to its existing oilfield services order book of RM1.2 billion as at December 2009.

In the area of production and environmental technology, subsidiary Scomi Sosma Sdn Bhd was awarded a RM21.3 million contract extension in the first quarter for the provision of integrated production chemicals supply and services for an established oil and gas company in Malaysia.



Read more: Scomi bags RM60.5m jobs in Asia http://www.btimes.com.my/Current_News/BTIM...l#ixzz0mYHlAjPU

htt
post Apr 30 2010, 11:54 AM

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QUOTE(n00b123 @ Apr 30 2010, 11:51 AM)
shouldn't this be a good news?

Scomi bags RM60.5m jobs in Asia
Published: 2010/04/30
 
The group says its oilfield services business has successfully secured the RM60.5 million projects in Malaysia, Thailand and Indonesia 

SCOMI Group Bhd (7158), an oil and gas services provider, bagged RM60.5 million worth of jobs in Asia within the first three months of this year.

In a statement issued yesterday, the group said its oilfield services business has successfully secured the RM60.5 million projects in Malaysia, Thailand and Indonesia, which will robustly contribute to the group's revenue in the first quarter of 2010.

These contracts are in addition to its existing oilfield services order book of RM1.2 billion as at December 2009.

In the area of production and environmental technology, subsidiary Scomi Sosma Sdn Bhd was awarded a RM21.3 million contract extension in the first quarter for the provision of integrated production chemicals supply and services for an established oil and gas company in Malaysia.
Read more: Scomi bags RM60.5m jobs in Asia http://www.btimes.com.my/Current_News/BTIM...l#ixzz0mYHlAjPU
*
Read between lines... 60.5m/1.2b*100%=around 5%... what you think? hmm.gif
Confess first, I Q scomi today anyway... Not sure can get or not tongue.gif

This post has been edited by htt: Apr 30 2010, 11:55 AM
SKY 1809
post Apr 30 2010, 01:25 PM

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QUOTE(htt @ Apr 30 2010, 11:54 AM)
Read between lines... 60.5m/1.2b*100%=around 5%... what you think? hmm.gif
Confess first, I Q scomi today anyway... Not sure can get or not tongue.gif
*
If you cannot get , do not SCOLD ME. yawn.gif
htt
post Apr 30 2010, 02:11 PM

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QUOTE(SKY 1809 @ Apr 30 2010, 01:25 PM)
If you cannot get , do not SCOLD ME. yawn.gif
*
Don't get don't get loh... fated then...
shaman_boy2004
post May 9 2010, 02:30 PM

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i in SCOMI at 0.47 le.. haiz.. this few days keep dropping.. is bleeding badly.. anyone know why?
yiivei
post May 9 2010, 04:22 PM

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QUOTE(shaman_boy2004 @ May 9 2010, 02:30 PM)
i in SCOMI at 0.47 le.. haiz.. this few days keep dropping.. is bleeding badly.. anyone know why?
*
Euro, no good news, etc...


Added on May 9, 2010, 4:23 pm
QUOTE(yiivei @ May 9 2010, 04:22 PM)
Euro, no good news, etc...
*
Bear in mind, this is a goreng counter.. risk adverser bear not to take part..

This post has been edited by yiivei: May 9 2010, 04:23 PM
n00b123
post Jun 4 2010, 02:25 PM

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The volume of this counter is really dried out sweat.gif
Limster88
post Aug 7 2010, 03:14 PM

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Suddenly surge up on Friday!!!
Sold mine at 0.45, hope I'm not missing out on a big rally...... shakehead.gif
yiivei
post Aug 8 2010, 10:46 AM

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QUOTE(Limster88 @ Aug 7 2010, 03:14 PM)
Suddenly surge up on Friday!!!
Sold mine at 0.45, hope I'm not missing out on a big rally......  shakehead.gif
*
Hope u don't. If there is news on newly monorail project then u might hav miss out. If there isn't, then it's gud tat u sell if off at .45. Unless u waiting for something big to happen. Haha. Very unlikely thou! ^^
cwhong
post Aug 8 2010, 05:50 PM

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scomi was on analyst radar lately. dunno if this is pay reports or otherwise to cook something for small fish to eat. me, still holding the worst is still at paper loss. will hold for few more months (year end) before decide what to do.

http://biz.thestar.com.my/news/story.asp?f...51&sec=business

http://biz.thestar.com.my/news/story.asp?f...62&sec=business

http://biz.thestar.com.my/news/story.asp?f...64&sec=business

This post has been edited by cwhong: Aug 8 2010, 06:04 PM
idunnolol
post Aug 8 2010, 07:12 PM

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QUOTE(cwhong @ Aug 8 2010, 05:50 PM)
scomi was on analyst radar lately. dunno if this is pay reports or otherwise to cook something for small fish to eat. me, still holding the worst is still at paper loss. will hold for few more months (year end) before decide what to do.

http://biz.thestar.com.my/news/story.asp?f...51&sec=business

http://biz.thestar.com.my/news/story.asp?f...62&sec=business

http://biz.thestar.com.my/news/story.asp?f...64&sec=business
*
I bought in during pre ex date. Hopefully it will surge for me to sell it off
yiivei
post Aug 8 2010, 10:29 PM

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QUOTE(idunnolol @ Aug 8 2010, 07:12 PM)
I bought in during pre ex date. Hopefully it will surge for me to sell it off
*
U mean scomi eng?
idunnolol
post Aug 9 2010, 10:19 AM

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Yeah, Scomi En . Today seems like got minor surge
yiivei
post Aug 9 2010, 06:23 PM

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QUOTE(idunnolol @ Aug 9 2010, 10:19 AM)
Yeah, Scomi En . Today seems like got minor surge
*
yepz. 4 cents...
idunnolol
post Aug 9 2010, 07:01 PM

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but still not yet back to pre ex price
yiivei
post Aug 9 2010, 07:20 PM

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QUOTE(idunnolol @ Aug 9 2010, 07:01 PM)
but still not yet back to pre ex price
*
slow n steady. Why u so concern of the pre-ex price? i thou u ald receive ur dividend of 29.5 cents?
idunnolol
post Aug 9 2010, 08:04 PM

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just to gauge confidence with the price. Is there isnt anything wrong, A share price would generally bounce back quickly to pre ex price but this one is a bit turtle. Maybe big fish waiting to goreng
qingweibuaya
post Nov 11 2010, 06:27 PM

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dis few day very big volume ? any news ?
yiivei
post Nov 11 2010, 07:17 PM

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QUOTE(qingweibuaya @ Nov 11 2010, 06:27 PM)
dis few day very big volume ? any news ?
*
Scomi News
MakanTidurSaham
post Nov 29 2010, 10:37 AM

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9 months net loss 149 millions. No wonder diving like crazy. (Announcement Date 26 Nov)

Where has all the money gone?


_______________________________________________________________________________________

1H net profit 17.191 million (decreased 43.38%) ?????? (Announcement Date 24 Aug)

Ada sesuatu yang tak kena ni. Macam mana boleh tiba-tiba rugi 149+17 millions pulak dalam masa hanya 3 bulan?









This post has been edited by MakanTidurSaham: Nov 29 2010, 10:52 AM
htt
post Nov 29 2010, 11:19 AM

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QUOTE(MakanTidurSaham @ Nov 29 2010, 10:37 AM)
9 months net loss 149 millions. No wonder diving like crazy. (Announcement Date 26 Nov)

Where has all the money gone?
_______________________________________________________________________________________

1H net profit 17.191 million (decreased 43.38%) ?????? (Announcement Date 24 Aug)

Ada sesuatu yang tak kena ni. Macam mana boleh tiba-tiba rugi 149+17 millions pulak dalam masa hanya 3 bulan?
*
Actually no money was gone, yet. The loss is mainly provision and impairment loss under 'hold for sales' subsidiaries, kind of accounting treatment for asset means to be sold in near future. The asset should be able to fetch around 550m cash if sold.

Just placed my bid...
sotong168
post Nov 29 2010, 12:14 PM

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QUOTE(htt @ Nov 29 2010, 11:19 AM)
Actually no money was gone, yet. The loss is mainly provision and impairment loss under 'hold for sales' subsidiaries, kind of accounting treatment for asset means to be sold in near future. The asset should be able to fetch around 550m cash if sold.

Just placed my bid...
*
with asset sold to offset the loss still hv 400m cash back?
htt
post Nov 29 2010, 12:54 PM

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QUOTE(sotong168 @ Nov 29 2010, 12:14 PM)
with asset sold to offset the loss still hv 400m cash back?
*
No, 550m if not mistaken, but think will be with Scomi Marine, if Scomi Marine is subsi (think most likely is), then the cash will be reflected on Scomi Grp's book as well.
htt
post Nov 29 2010, 02:39 PM

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Summarizing a bit after reading some of the Financial Statement, some of my comment above seems to have not correct.
From Scomi Marine book, the net asset is around RM629m, provision & impairment around rm257m, making the AFS asset measured at RM372m.
So the cash portion from selling the asset should be around RM372m, the rm550m mentioned earlier is estimation of cash they will have after completion of disposal, the figure should include current cash they have and the cash they expected to receive.
For Scomi Group, they will get a cut of the cash position (after completion in 2Q'11, if their estimation is correct), their book will also taken into impact of the asset written down, right now the asset was written down approx. rm150m+ in respond to the impairment & provision.
Think more paper should be on their way to be publish to investor, if someone who had that can share with us then that will be great...
cckkpr
post Nov 29 2010, 02:48 PM

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The impairment loss is the expected loss from the disposal of its business in Indonesia. The figures are alredi worked out and soon it will be pen to paper.

Its time to go. These ppl are alredi siphoning out whatever they can from the disposal ( the portion that goes to own pocket).

The good old days when Bodowi was the PM has long gone and to do monorail in a competitieve business is tough let alone making money. Also with the large number of shares. the eps will be peanuts.

Cut loss and move on.

Question: Why does the counter move up before the quarterly announcemnt with management knowing that "huge losses" will be reported.

Your guess should be better than mine!!
andrewckj
post Nov 29 2010, 04:09 PM

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QUOTE(cckkpr @ Nov 29 2010, 02:48 PM)
The impairment loss is the expected loss from the disposal of its business in Indonesia. The figures are alredi worked out and soon it will be pen to paper.

Its time to go. These ppl are alredi siphoning out whatever they can from the disposal ( the portion that goes to own pocket).

The good old days when Bodowi was the PM has long gone and to do monorail in a competitieve business is tough let alone making money. Also with the large number of shares. the eps will be peanuts.

Cut loss and move on.

Question: Why does the counter move up before the quarterly announcemnt with management knowing that "huge losses" will be reported.

Your guess should be better than mine!!
*
Well said! Not a fan of this company especially with his ever fickle minded son in law, KJ.
sotong168
post Dec 6 2010, 08:20 PM

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what was happened to scomien? surged so much? blink.gif
popcorn513
post Dec 6 2010, 08:25 PM

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QUOTE(sotong168 @ Dec 6 2010, 08:20 PM)
what was happened to scomien? surged so much? blink.gif
*
QUOTE
KUALA LUMPUR: SCOMI ENGINEERING BHD []’s share price surged 17.7% in late afternoon trade on Monday, Dec 6 after its subsidiary accepted the contract price of RM494 million from Syarikat Prasarana Negara Bhd (SPNB) for the monorail fleet expansion project.

At 3.30pm, Scomi Engineering was up 17 sen to RM1.13 sen. There were 172 million shares valued at RM1 to RM1.13.

Scomi Engineering said it had received the letter from SPNB dated Dec 3 notifying it of “SPNB’s intent to award to Scomi Rail the contract to perform the project for a contract price of RM494 million, subject to Scomi Rail accepting the said contract price”.

It said Scomi Rail had accepted the contract price and according to the SPNB Notice, a formal letter of award would follow.
sotong168
post Dec 6 2010, 08:29 PM

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i c, thks 4 the info, hv been away all day blush.gif
cwhong
post Dec 6 2010, 11:06 PM

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finally got something to cheers about after one year holding !!
cwhong
post Dec 16 2010, 09:25 PM

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something good to digest .... whistling.gif

http://www.btimes.com.my/Current_News/BTIM...190305/Article/
kb2005
post Dec 17 2010, 02:11 PM

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QUOTE(cwhong @ Dec 16 2010, 09:25 PM)
Not much moving eventhough with the project award confimration.
kroegand
post Dec 17 2010, 03:54 PM

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QUOTE(popcorn513 @ Dec 6 2010, 08:25 PM)

*
Scomieng up, scomimr and scomi also up. which one is the best bet??? hmm.gif
cwhong
post Dec 17 2010, 04:23 PM

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QUOTE(kroegand @ Dec 17 2010, 03:54 PM)
Scomieng up, scomimr and scomi also up. which one is the best bet???  hmm.gif
*
i also no idea after hold more than 1 year also going south..... in papaer loss hugh loss so i only hold until hangus lohhhh...... i got mother scomi sweat.gif
Bonescythe
post Jan 6 2011, 10:40 AM

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My next target...
I know their share price been having a southern trend for the past 2 years.. Could it be a rebound from 2011 onwards?

linuxbay
post Jan 11 2011, 04:17 PM

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anyone else bidding on scomi?

just put in my bid for 200 lots...
Bonescythe
post Jan 11 2011, 04:19 PM

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QUOTE(linuxbay @ Jan 11 2011, 04:17 PM)
anyone else bidding on scomi?

just put in my bid for 200 lots...
*
Should be time the public pay some focus here.

linuxbay
post Jan 12 2011, 05:51 AM

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@Bonescythe: yep...scomi seems to be trading in high volume this week despite margin of change being low...

tho I failed to get it at .385...think i gotta increase my offer today perhaps up to .395
cwhong
post Jan 12 2011, 06:15 PM

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ya, wake this GIANT up ..... wake up ..... WAKE UP ...... time to work now ...... i wait many moons already liau..... :;
cwhong
post Jan 12 2011, 06:16 PM

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QUOTE(linuxbay @ Jan 12 2011, 05:51 AM)
@Bonescythe: yep...scomi seems to be trading in high volume this week despite margin of change being low...

tho I failed to get it at .385...think i gotta increase my offer today perhaps up to .395
*
i guess u already hit jackpot today hmm.gif congratz
Bonescythe
post Jan 12 2011, 06:22 PM

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QUOTE(cwhong @ Jan 12 2011, 06:16 PM)
i guess u already hit jackpot today  hmm.gif congratz
*
When scomi get attention, all 3 get attention.. Interesting...
cwhong
post Jan 12 2011, 06:39 PM

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QUOTE(Bonescythe @ Jan 12 2011, 06:22 PM)
When scomi get attention, all 3 get attention.. Interesting...
*
go go go, i wait very long liau among my portfolio this is the longest holding....... paper loss currently ....kau kau one biggrin.gif
nasni
post Jan 12 2011, 06:51 PM

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Been watching Scomi..

probably best for entry now

MACD, it is abv signal line, and it has crossed zero and climbing up....

it's above EMA (14,21,31)
cwhong
post Jan 12 2011, 06:54 PM

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QUOTE(nasni @ Jan 12 2011, 06:51 PM)
Been watching Scomi..

probably best for entry now

MACD, it is abv signal line, and it has crossed zero and climbing up....

it's above EMA (14,21,31)
*
yupp based on TA but FA still not clear but i think GLC company can gua
nasni
post Jan 12 2011, 07:16 PM

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QUOTE(cwhong @ Jan 12 2011, 06:54 PM)
yupp based on TA but FA still not clear but i think GLC company can gua
*
yupp PE is high at 49.77, any FA comment?
kb2005
post Jan 12 2011, 08:01 PM

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what cause Scomi to wake up?
cwhong
post Jan 12 2011, 09:04 PM

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QUOTE(nasni @ Jan 12 2011, 07:16 PM)
yupp PE is high at 49.77, any FA comment?
*
i cannot find the FA to share .... government connections can said FA? but NTA is higher than its share price..... nod.gif
mynewuser
post Jan 12 2011, 09:40 PM

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Scomi link to khairy. Now no power.
cwhong
post Jan 12 2011, 09:57 PM

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QUOTE(kb2005 @ Jan 12 2011, 08:01 PM)
what cause Scomi to wake up?
*
goreng trend an Technical point of view. whistling.gif
kb2005
post Jan 12 2011, 10:44 PM

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QUOTE(mynewuser @ Jan 12 2011, 09:40 PM)
Scomi link to khairy. Now no power.
*
Link to Kamaluddin Abdullah not KJ. It is Abdullah's son company. biggrin.gif

Bonescythe
post Jan 12 2011, 11:00 PM

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QUOTE(kb2005 @ Jan 12 2011, 08:01 PM)
what cause Scomi to wake up?
*
1. Scomi - 1 of their services include Oil & Gas segment. In drilling and some sort of treatment. It had been announced that there will be 19 mega projects in the Oil and Gas sector in the ETP. Somehow direct or indirect manner, Scomi will get involved as they are quite an established player in the sector.

2. Scomi Eng - Train Engineering. Although it had been announced that Gamuda/MMC JV had been awarded the project, but bear in mind that they are the "Project Manager" only. They would still need to engage "vendor" (such as Scomi Eng) to help them to deliver. Understand that the Gov want this project to be delivered "on time", I believe with Scomi Eng past experience in the 2003 KL Monorail project, they will be in good position for this.
On top of that, they had bagged in the 490+ Million Monorail upgrade for a period of 3 years.
Moreover, they had fat interesting dividend as well. Around 20 cents if I am not wrong.

3. Scomi Marine - (Not much info as I am not into this counter yet)

Anyhow, they had been in a down trend for the past 1 year (Scomi + Scomi Eng), it is really time to wake up after a long slumber.
cwhong
post Jan 13 2011, 11:40 AM

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scomi on fire, cannot catch him ...... sad.gif
kb2005
post Jan 13 2011, 03:58 PM

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QUOTE(cwhong @ Jan 13 2011, 11:40 AM)
scomi on fire, cannot catch him ...... sad.gif
*
No more fire. Back to yesterday closing price.
cwhong
post Jan 13 2011, 04:01 PM

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QUOTE(kb2005 @ Jan 13 2011, 03:58 PM)
No more fire. Back to yesterday closing price.
*
i pour water on him mah.... cause i wanna buy more ..... whistling.gif
Bonescythe
post Jan 13 2011, 05:34 PM

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QUOTE(cwhong @ Jan 13 2011, 04:01 PM)
i pour water on him mah.... cause i wanna buy more .....  whistling.gif
*
Good.. Continue to pour more water to it, hopefully until end of this month cuz now cannot top up.. Cannot over stretch my limit..
linuxbay
post Jan 13 2011, 11:09 PM

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@cwhong: i got em 200 lots @.395..but was feeling sleepy so i set to sell it @.405...didn't know God wanted to teach me a lesson and it went up to .43...

@mynewuser: forget khairy, think kamaluddin with scomi smile.gif no one messes with former PM's retirement plan...

i just re-bought 200 lots @.415....hoping to touch around .45 / .47 before CNY..

your views on my expectation is highly welcomed and appreciated smile.gif
cwhong
post Jan 13 2011, 11:22 PM

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QUOTE(linuxbay @ Jan 13 2011, 11:09 PM)
@cwhong: i got em 200 lots @.395..but was feeling sleepy so i set to sell it @.405...didn't know God wanted to teach me a lesson and it went up to .43...

@mynewuser: forget khairy, think kamaluddin with scomi smile.gif no one messes with former PM's retirement plan...

i just re-bought 200 lots @.415....hoping to touch around .45 / .47 before CNY..

your views on my expectation is highly welcomed and appreciated smile.gif
*
worry not i was in lost position since 0.5x as i posted earlier ..... at whatever price also can top up to average down. just see when it is the good timing .... nia.....

i used to have 150 lots but sold 50 lots to punt on others at 0.48 so now buy back also save some of the price different .... will buy soon to average down ..... whistling.gif
zamans98
post Jan 13 2011, 11:31 PM

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This kompeni since it is not longer linked to Bodohwi, its a goner.


linuxbay
post Jan 14 2011, 01:10 AM

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@zamans98: it may no longer be linked, but its now a penny stock...back then it was trading above RM1 / around .5..

with the recent crash down to .31, i do think its a fair buy for a quick buck considering CNY is near..

just my 2 cents guy..fairly new in this line..
Polaris
post Jan 14 2011, 03:58 AM

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Penny stock, I hope Scomi goes belly up.
linuxbay
post Jan 16 2011, 08:34 PM

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hopefully one of these days there's just a press release on scomi..good enuff of a speculation to give that hike biggrin.gif


Added on January 17, 2011, 6:22 pmscomi not lookin so good today sad.gif

This post has been edited by linuxbay: Jan 17 2011, 06:22 PM
gorilaz
post Mar 13 2011, 02:24 PM

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[quote=linuxbay,Jan 16 2011, 08:34 PM]
hopefully one of these days there's just a press release on scomi..good enuff of a speculation to give that hike biggrin.gif



wish so rclxms.gif
t5t
post Mar 13 2011, 08:28 PM

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I hope people come goreng this counter...
Lol...
Bonescythe
post Mar 13 2011, 10:39 PM

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QUOTE(t5t @ Mar 13 2011, 08:28 PM)
I hope people come goreng this counter...
Lol...
*
I am waiting as well. Been holding this for sometime.
sad.gif
wsrulez
post Mar 13 2011, 10:41 PM

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QUOTE(Bonescythe @ Mar 13 2011, 10:39 PM)
I am waiting as well. Been holding this for sometime.
sad.gif
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what price when u enter?
Bonescythe
post Mar 13 2011, 10:43 PM

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QUOTE(wsrulez @ Mar 13 2011, 10:41 PM)
what price when u enter?
*
Bad price..
0.395 Hahaha

Been holding for sometime.

I had some planning to hold it for long term.. Now my dream become true.. Haha
If i am not wrong, this year, they did secure some projects. Hope the good news will be able to factor into the share price soon.
wsrulez
post Mar 13 2011, 10:46 PM

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QUOTE(Bonescythe @ Mar 13 2011, 10:43 PM)
Bad price..
0.395 Hahaha

Been holding for sometime.

I had some planning to hold it for long term.. Now my dream become true.. Haha
If i am not wrong, this year, they did secure some projects. Hope the good news will be able to factor into the share price soon.
*
I didnt expect scomi to go down till 3 as well sad.gif , u didnt average down? i hvnt go for it but watching it closely... planning to go for 0.30 but have to wait for a while to see the impact of tsunami ..
Bonescythe
post Mar 13 2011, 11:08 PM

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QUOTE(wsrulez @ Mar 13 2011, 10:46 PM)
I didnt expect scomi to go down till 3 as well sad.gif , u didnt average down? i hvnt go for it but watching it closely... planning to go for 0.30 but have to wait for a while to see the impact of tsunami ..
*
Didn't.. Cuz I expect it to go down further smile.gif


gorilaz
post Mar 13 2011, 11:27 PM

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QUOTE(Bonescythe @ Mar 13 2011, 11:08 PM)
Didn't.. Cuz I expect it to go down further smile.gif
*
how deep? hmm.gif
Bonescythe
post Mar 13 2011, 11:31 PM

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QUOTE(gorilaz @ Mar 13 2011, 11:27 PM)
how deep? hmm.gif
*
Back then, had the chance to do it at 0.36..Waited, and it drop to 0.34.. Wait again.. Then go to 0.305...
In addition, last year annual report was full of "red" mark.. Totally adding salt to wound.
Expecting it to further plunge deeper into the 20 cents area if the economy does not recover.

But if it give signs of recovery, then expecting it to make a slight minor come back.

At the mean time, I am positive that this counter will get "fried" a few cents up in from time to time.. smile.gif
ronn77
post Mar 14 2011, 07:10 PM

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this counter lagging behind for couple of years. one of the reason is that it failed to get the mrt project which awarded to gamuda. it need some positive news to push the price forward or else this is the level it gonna be this year.
wsrulez
post Mar 14 2011, 10:08 PM

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how about its warrants?
Seremban_2
post Mar 15 2011, 06:13 PM

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just bought at RM0.295. 10 lot scomi. smile.gif
t5t
post Mar 15 2011, 06:30 PM

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Lowest for the day RM0.29...
If all markets still going down, then this counter would continue to fall too...
Nobody dares to goreng at this time...
Lol...
wsrulez
post Mar 15 2011, 06:57 PM

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lol..... 2 downpours at such short time..
ronn77
post Mar 15 2011, 07:33 PM

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i think if under 30 cents then worth to keep some..looks tempting.
Bonescythe
post Mar 15 2011, 09:23 PM

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No rush.. Expect it to go further down into the deep 20 cents area..
I am expecting it to reach 27 - 28 cents area..
Market sentiment is really terrible now..
And what is worst.. I am expecting director and shareholder to let the share free fall, as this is their intention.
You will not see buy back, and retailer just buy and throw again at lower price..


This post has been edited by Bonescythe: Mar 15 2011, 09:24 PM
nasni
post Mar 31 2011, 12:15 PM

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QUOTE(Bonescythe @ Mar 15 2011, 09:23 PM)
No rush.. Expect it to go further down into the deep 20 cents area..
I am expecting it to reach 27 - 28 cents area..
Market sentiment is really terrible now..
And what is worst.. I am expecting director and shareholder to let the share free fall, as this is their intention.
You will not see buy back, and retailer just buy and throw again at lower price..
*
hmm looks like not going to 20s sen area

in the 30s sen ...now

A good take-up now or wait for further slide?

Any comments from the experts?
Bonescythe
post Mar 31 2011, 12:18 PM

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It did went down to 0.285 area during that fall.. Slightly higher than my expectation smile.gif Did you catch some there?

This post has been edited by Bonescythe: Mar 31 2011, 12:19 PM
nasni
post Mar 31 2011, 12:22 PM

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QUOTE(Bonescythe @ Mar 31 2011, 12:18 PM)
It did went down to 0.285 area during that fall.. Slightly higher than my expectation  smile.gif Did you catch some there?
*
i did not sad.gif

when it start to slide badly i took it out of my radar tho.
rainie1284
post Apr 12 2011, 04:16 PM

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any1 holding this counter?
cwhong
post Apr 12 2011, 04:25 PM

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me ME ME ..... long time ago and still have it....... wait dead cat bounce ....doh.gif
rainie1284
post Apr 12 2011, 04:26 PM

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right time to jump in now?
mletee
post Apr 13 2011, 07:12 PM

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this counter climb very slow la..sienz
f4212
post Apr 13 2011, 07:44 PM

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i'm stuck with this since 2009. looks like its going nowhere especially now that it missed the bid with DRB today.
Bonescythe
post Apr 13 2011, 07:49 PM

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They really need to open gold mine and start digging the gold out of it to start share price moving.

If not, this is going no where, and dead duck as ever...
Had been in a down trend since 3 years ago if I did not recall wrongly.

cwhong
post Apr 14 2011, 12:42 AM

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QUOTE(Bonescythe @ Apr 13 2011, 07:49 PM)
They really need to open gold mine and start digging the gold out of it to start share price moving.

If not, this is going no where, and dead duck as ever...
Had been in a down trend since 3 years ago if I did not recall wrongly.
*
ya u'r right .... i am the victim cry.gif
connectkey
post Apr 14 2011, 12:48 AM

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how much potential can be for a management to work well without support from government (abdulah) ?
mletee
post Apr 14 2011, 12:54 AM

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QUOTE(cwhong @ Apr 14 2011, 12:42 AM)
ya u'r right .... i am the victim  cry.gif
*
me too..hold the stock almost 1 year + already..damn
cwhong
post Apr 14 2011, 01:24 AM

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cheers for all whom stuck with it....
gorilaz
post Apr 14 2011, 11:37 AM

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QUOTE(cwhong @ Apr 14 2011, 01:24 AM)
cheers for all whom stuck with it....
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notworthy.gif notworthy.gif must cheers


Bonescythe
post Apr 14 2011, 11:43 AM

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QUOTE(connectkey @ Apr 14 2011, 12:48 AM)
how much potential can be for a management to work well without support from government (abdulah) ?
*
Will become another SAAG ? Hahahaa
gorilaz
post Apr 14 2011, 12:20 PM

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QUOTE(Bonescythe @ Apr 14 2011, 11:43 AM)
Will become another SAAG ? Hahahaa
*

icon_rolleyes.gif icon_rolleyes.gif thumbup.gif thumbup.gif wait and see


Bonescythe
post Apr 14 2011, 12:21 PM

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Hope it will not.. I am in the ship as well sad.gif
rainie1284
post Apr 14 2011, 12:47 PM

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QUOTE(Bonescythe @ Apr 14 2011, 12:21 PM)
Hope it will not.. I am in the ship as well sad.gif
*
let the ship sink.. haha jk

btw, any latest news on the winner for POS Malaysia bid?
Bonescythe
post Apr 14 2011, 01:37 PM

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QUOTE(rainie1284 @ Apr 14 2011, 12:47 PM)
let the ship sink.. haha jk

btw, any latest news on the winner for POS Malaysia bid?
*
Another losing bid happening only.. Haha
heavyarm
post Apr 23 2011, 10:11 AM

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last time bought tis scomi at 60 cents but sell at 90 cents then the price start drop drop drop til nw 30 cents very long d. hope the compny doing well, stil holding their division scommi marine, sigh
cwhong
post Apr 23 2011, 03:44 PM

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hope dead fish one day will came alive.......
Bonescythe
post Apr 23 2011, 04:06 PM

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QUOTE(cwhong @ Apr 23 2011, 03:44 PM)
hope dead fish one day will came alive.......
*
Same.. We need to see this dead fish rising up desperately..
They have lots of potential.. But killed by politics.
ronn77
post Apr 23 2011, 05:56 PM

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Don't know why scomi has been lagging behind the other counters despite plenty of potential. I still keep my holding which I bought 2 years ago until now.
Bonescythe
post Apr 23 2011, 07:21 PM

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QUOTE(ronn77 @ Apr 23 2011, 05:56 PM)
Don't know why scomi has been lagging behind the other counters despite plenty of potential. I still keep my holding which I bought 2 years ago until now.
*
That is a painful long period..
Should be time for this counter to rebound already with the recent ETP projects and stuffs.

outsider
post Apr 23 2011, 07:22 PM

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i dont know it is truth or not la
last time my friend work in kl monorail
and when badawi become pm, scomi buy the whole kl monorail
insider say the scomi is belong to badawi's relative
then they not interested in the business... they buy it just for 'wash money'
they give RM 20 million to a company to build a warehouse....
i wondering ....what the hell warehouse is that need rm20 million to build
this project is true...because the company who build the warehouse come to my company to buy bond

i think after badawi come down...
scomi also slump

This post has been edited by outsider: Apr 23 2011, 07:25 PM
SUSKinitos
post Apr 24 2011, 10:08 AM

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The following appears in the notes of Account for 31 Dec 2010 financial reporting


Assessment of penalties on Mumbai Monorail Project

Scomi Engineering Bhd (“SEB”), a subsidiary of the Company, is a party to a Consortium that
was awarded the Mumbai Monorail Project (“Mumbai Project”). Due to unforeseen delays
encountered by the Mumbai Project, the Consortium has submitted various claims for extension
of time as allowed under the contract terms. The client has on 28th January 2011 notified the
Consortium of the client’s view that potential penalties are claimable under the terms of the
contract. In that same letter, the client acknowledged that the final calculation of penalty is
subject to any authorized extension of time for completion.

At the client’s invitation, the Consortium has engaged the client in constructive discussions
about the penalty and the Consortium’s extension of time claims, with both parties giving first
priority and doing their utmost to facilitate the continued execution of the project. The Mumbai
Project activities and work continues normally with the client approving claims and billings and
making payments according to the terms of the contract.

The directors of SEB are of the opinion that based on the terms of the contract, no provision is
required in the financial statements as at 31st December 2010 for the potential penalties as
claims for extension of time have been submitted which are expected to mitigate the exposure.



rosdi1
post Apr 24 2011, 01:23 PM

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QUOTE(ronn77 @ Apr 23 2011, 05:56 PM)
Don't know why scomi has been lagging behind the other counters despite plenty of potential. I still keep my holding which I bought 2 years ago until now.
*
The last time I bought the warrant and loss money...
I think this one have to abandon ship already.

Attached File  SCOMI_24042011.pdf ( 26.47k ) Number of downloads: 30


This post has been edited by rosdi1: Apr 24 2011, 01:24 PM
gorilaz
post Apr 24 2011, 02:51 PM

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dead fish pls come back alive ><
cwhong
post Apr 25 2011, 01:39 AM

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seems like a lots ppl get stuck by this dead fish ......
rainie1284
post Apr 25 2011, 08:57 AM

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QUOTE(cwhong @ Apr 25 2011, 01:39 AM)
seems like a lots ppl get stuck by this dead fish ......
*
cut loss already..
Bonescythe
post Apr 25 2011, 09:14 AM

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QUOTE(rainie1284 @ Apr 25 2011, 08:57 AM)
cut loss already..
*
Means you also no hope of it rebounding already lo...
rainie1284
post Apr 25 2011, 11:18 AM

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QUOTE(Bonescythe @ Apr 25 2011, 09:14 AM)
Means you also no hope of it rebounding already lo...
*
politically scomi has no grounds already in malaysia.. unless they get aggressive elsewhere.. not going to wait for it to happen
sotong168
post Apr 25 2011, 11:28 AM

in retiring mode
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QUOTE(rainie1284 @ Apr 25 2011, 08:57 AM)
cut loss already..
*
me too blush.gif swapped to other counters sweat.gif
Bonescythe
post Apr 25 2011, 12:15 PM

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Hmm.. Time for me to do some decision as well then..
nasni
post Apr 25 2011, 03:52 PM

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QUOTE(Bonescythe @ Apr 25 2011, 12:15 PM)
Hmm.. Time for me to do some decision as well then..
*
hmm tough choice.

political influence... sad.gif

i cannot make it now, not jumping in either
Bonescythe
post Apr 25 2011, 04:11 PM

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QUOTE(nasni @ Apr 25 2011, 03:52 PM)
hmm  tough choice.

political influence... sad.gif

i cannot make it now,  not  jumping in either
*
Don't jump in then.. Not a good counter at all.. I too regret jumping too fast hoping for a rebound after that 2 lousy years of performance...

Bad choice.. only continue to get stuck.
rainie1284
post Apr 25 2011, 04:21 PM

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QUOTE(Bonescythe @ Apr 25 2011, 04:11 PM)
Don't jump in then.. Not a good counter at all.. I too regret jumping too fast hoping for a rebound after that 2 lousy years of performance...

Bad choice.. only continue to get stuck.
*
wait for some constructive news..
cwhong
post Apr 25 2011, 04:35 PM

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seems like everyone left boat already !!!!
Bonescythe
post Apr 25 2011, 04:41 PM

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QUOTE(cwhong @ Apr 25 2011, 04:35 PM)
seems like everyone left boat already !!!!
*
Still in boat for 6 mths already ~~ Had 3 -4 chances to bail out, breakeven sell off.. did not execute.. Haizh
cwhong
post Apr 25 2011, 05:10 PM

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QUOTE(Bonescythe @ Apr 25 2011, 04:41 PM)
Still in boat for 6 mths already ~~ Had 3 -4 chances to bail out, breakeven sell off.. did not execute.. Haizh
*
ur price is 0.4x?
Bonescythe
post Apr 25 2011, 05:39 PM

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QUOTE(cwhong @ Apr 25 2011, 05:10 PM)
ur price is 0.4x?
*
0.395..
Off 0.005 to 0.4

Hahaha
rainie1284
post Apr 25 2011, 05:42 PM

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QUOTE(Bonescythe @ Apr 25 2011, 05:39 PM)
0.395..
Off 0.005 to 0.4

Hahaha
*
high price.. omg doh.gif
cwhong
post Apr 25 2011, 06:13 PM

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QUOTE(rainie1284 @ Apr 25 2011, 05:42 PM)
high price.. omg  doh.gif
*
high? how about 0.58? hyper high? whistling.gif biggrin.gif
rainie1284
post Apr 25 2011, 06:16 PM

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QUOTE(cwhong @ Apr 25 2011, 06:13 PM)
high? how about 0.58? hyper high?  whistling.gif  biggrin.gif
*
lol.. super long term investor rclxm9.gif
cwhong
post Apr 25 2011, 06:32 PM

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QUOTE(rainie1284 @ Apr 25 2011, 06:16 PM)
lol.. super long term investor  rclxm9.gif
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unvoluntary long term investors to be precise cry.gif
IGax2000
post Apr 25 2011, 06:54 PM

On my way
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one of my fren got trapped at $1.50 from the beginning of year 2008 until now
Bonescythe
post Apr 25 2011, 07:14 PM

One Quarter In...
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QUOTE(IGax2000 @ Apr 25 2011, 06:54 PM)
one of my fren got trapped at $1.50 from the beginning of year 2008 until now
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even interesting.. smile.gif
Rm1.50 must be hurting his @$$ inside out, outside in already.. Left around 20% of investment now..

Ok lar.. Tomorrow cut lar..

This post has been edited by Bonescythe: Apr 25 2011, 07:19 PM
ronn77
post Apr 25 2011, 07:29 PM

Look at all my stars!!
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QUOTE(rosdi1 @ Apr 24 2011, 01:23 PM)
The last time I bought the warrant and loss money...
I think this one have to abandon ship already.

Attached File  SCOMI_24042011.pdf ( 26.47k ) Number of downloads: 30

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The chart shows the shares prices is dropping like durian jatuh fm the tree. It looks scary in my opinion, wonder if it will continue to drop to pennies level?
IGax2000
post Apr 26 2011, 06:59 PM

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if the company keep making losses, soon will be
oredy making losses 2 quarter red figure
Bonescythe
post Apr 26 2011, 07:13 PM

One Quarter In...
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QUOTE(ronn77 @ Apr 25 2011, 07:29 PM)
The chart shows the shares prices is dropping like durian jatuh fm the tree. It looks scary in my opinion, wonder if it will continue to drop to pennies level?
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Already penny for a long time..
Polaris
post Apr 27 2011, 08:01 PM

Trust Fund Baby
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This type of dummy company will only rally if Najib announce a 'bailout' like Tricubes, if not, they'll settle on the penny level for years
maggi
post Aug 17 2011, 11:12 PM

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those holding the shares, how is the dividend payment so far ?
gorilaz
post Mar 28 2012, 03:56 PM

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QUOTE(maggi @ Aug 17 2011, 11:12 PM)
those holding the shares, how is the dividend payment so far ?
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no dividend given ^___^
potenza10
post Sep 7 2012, 03:32 PM

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nice ride....
Seremban_2
post Sep 7 2012, 04:55 PM

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QUOTE(potenza10 @ Sep 7 2012, 03:32 PM)
nice ride....
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Bloody Shit, I bought it average cost RM0.30 and sold at RM0.225 quite recent it shoot up.

Now seem like a nice ride. doh.gif
potenza10
post Sep 7 2012, 07:36 PM

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u just missed roller coster ride...
diablos
post Sep 7 2012, 08:50 PM

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bought at .25 looking at .37
gs20
post Sep 10 2012, 02:00 PM

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I was trap at .4x too for sometime luckily manage to average down to 0.2x this July. Just took profit few days ago, wondering did I made the wrong move.
MakanTidurSaham
post Sep 15 2012, 11:05 AM

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I hate to say I told you so, oh well...I TOLD YOU SO. lol

Kindly check back my conversation with Zaman back into 2010 when KNM go 4 to 1

http://forum.lowyat.net/index.php?act=Sear...makantidursaham
potenza10
post Sep 15 2012, 11:48 AM

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QUOTE(MakanTidurSaham @ Sep 15 2012, 11:05 AM)
I hate to say I told you so, oh well...I TOLD YOU SO. lol

Kindly check back my conversation with Zaman back into 2010 when KNM go 4 to 1

http://forum.lowyat.net/index.php?act=Sear...makantidursaham
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this is scomi thread isnt?
MakanTidurSaham
post Sep 15 2012, 11:50 AM

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QUOTE(potenza10 @ Sep 15 2012, 11:48 AM)
this is scomi thread isnt?
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Yeah I know, I posted wrongly. I'll already repost it at KNM thread.
diablos
post Sep 24 2012, 02:42 PM

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Scomi suspended

http://www.bursamalaysia.com/market/listed...cements/1071765

looks like announcing some news. Hope is good news....
potenza10
post Sep 25 2012, 12:25 PM

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Good ride after IJM bought stake in Scomi..and good entrance to lucrative O&G for IJM
alenac
post Oct 26 2012, 04:32 PM

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Looks like Scomi will be played untill end of this year where loan stocks will be issued to IJM.
davinz18
post Aug 23 2013, 06:55 PM

начинаещ
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Scomi Group posts RM1.4mil profit

Scomi Group Bhd posted a net profit of RM1.47mil for its first quarter ended June 30, 2013 on the back of a RM377.49mil revenue.

The group said it had changed its annual reporting date from Dec 31 to March 31, 2013.

Its earnings per share for the period stood at 0.08 sen.

In a Bursa filing on Friday, the group said it posted a pretax from continuing operations of RM15.4 million from a loss of RM79.3mil the last quarter.

Scomi said the increase in the group’s profit was due to overall increase in the gross profit margins, from 18.9% to 23.1%, fair value loss on put option of RM89mil and a higher profit posted by the oilfield services division and marine services.

“The group remains optimistic of benefiting from the growth in oil & gas exploration and production activities, specifically in the South East Asia region, and the anticipated increase in transportation infrastructure projects in Malaysia, Brazil and India,” it said.
SUSmeistsh_musical
post Aug 23 2013, 07:50 PM

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not a good company
potenza10
post Aug 25 2013, 06:53 PM

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The giant is slowly wake up...watch out!
charlieboy61
post Jan 6 2014, 07:48 PM

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In Star, scomi is one of the 10 stocks to watch in 2014
wil-i-am
post Jan 7 2014, 08:44 AM

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QUOTE(charlieboy61 @ Jan 6 2014, 07:48 PM)
In Star, scomi is one of the 10 stocks to watch in 2014
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It's Scomien 7366
charlieboy61
post Jan 7 2014, 09:29 AM

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QUOTE(wil-i-am @ Jan 7 2014, 08:44 AM)
It's Scomien 7366
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Sorry. My mistake

 

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