IJM has guranteed that they will subscribed to all its rights issues entitled to them, whereas SAL and Sammy Tse (CEO) has also said they will subscribed to their entitled plus any excess which are not subscribed. The 3 biggest shareholders has showed us that are willing to put more money to a company, which means they are hoping for a better Scomi. All we need to do is be patient as management sort out the mess in Scomi and win new projects, hopefully some in China with SAL's help

I think for those who havent bought, should just wait and see approach. Whereas, those who bought. Just hold it as management slowly take steps to turnaround the company

Please enlighten us @Negan

So, anyone can share whats management outlook for Armada and what they going to do to build value for shareholders?

I think although the debt has been settle, the thing that is scaring people off is the rights issue ans share consolidation which means generally investors dont like when company do cash calls. But I think the good thing is IJM has guaranteed that it will subscribed all of its RI which is a good sign by Scomi's largest shareholder to all shareholders that they don't mind adding capital. But, again IJM is in this for the long term, those who can't wait will exit first as other companies present better opportunities.

I think once it will take few months for the recapitalisation exercise to complete. Can't do much but wait.

Any conclusion from the AGM ? Please share?

@Drybz If he want make money by goreng he won't in money now, but in money before this when it shoot to 0.145. Now he put in money to Scomi as advance means he has skin in the game as SAL and IJM.

Hmm, I holding Scomi for sometime now expecting a turnaround with new investor. Market was worried that Scomi has no financing to settle debt, but now with new investor coming in with the recapitalisation, it seems market is so negative about it from the proposal. Scomi back at square one. I agree with @Eric thatIJM willing to gurantee to recapitalise Scomi because they think the business with SAL can grow, if not they will not make such commitments.

Question is what can SAL bring to the table? Anyone have suggestions?

Everything so negative on the proposal ? Can someone explain in layman what it means for the rights issue and warrants ?

lol. All say buy others better. Explain why Scomi is bad first ?

IJM and new investor in for a reason, cuz they believe Scomi can be turned around.

Anyone can share what it means for the rights issue to be at 0.18?

What makes you so confident that it will rebound? Dont see any news that will make it go up. Please enlighten me. Thanks

yea most probably poor qtr, private placement money needed to fund qtr loss mayb. But, if drop go bargain shopping again.

I WILL BUY A LOT MORE IF ITS 0.04

@BringmeFly any update? No news released on Maybank and new investor?

BM news only can confirm in mid June, so patience is needed. Their toll assets well worth to buy at this price.

I don't see from their latest quarter any short term debt has been re-classified? I only see that its in progress, whether successful no one knows yet. So, @Investorking, the question whether they need cash from rights issues needs to be asked. Or they confident that their asset sale can cover.

Please share with those who can't attend.

At AGM, please inquire how management to deal with financing gap? Is there a possibility for right issue? Or Management is quite confident they can handle the short term debts.

You think so easy to cut toll fares? Concessions are in black and white, to cut toll fares means govt need to bear the compensation cost. Even if they buy out tolls like they did for Gamuda, Gamuda have said that it will be based on market valuation, fair price.

Why Armada Claire will impairment when its idle?

Even FD need 1 year to make 4%, you think PP holder worried about short term loss, he is looking at the long term potential of Ekovest.

Still need to wait QR out

If it falls, sell to me please. All those who think its bad company. We all know future is good with Bandar Malaysia coming. Its the long game.

End of this month is next week. Let's wait and see for Maybank annoucement.

true @derrtan we must understand PP not stupid, they want return on capital better than FD. So, they wont buy in for 1-2%. They have 10-20% year or year

Quarter will be diluted by 15% since PP and warrants. So don’t expect it to be great. It will be okay.

If drop why complain. Buying good growth at cheap valuation, buy more.

Ekovest won't buy IWC. dont make sense. IWC is losing business, the minority shareholder have rejected the deal last time and will again. The only deal make more sense is IWH and Ekovest for Bandar Malaysia.

Why would IWC and Ekovest merge? IWH is the one in need of funds

Edge made report they are negotiating, I think the thing left is agreed selling price and BOD approval.
Should be good news to scomi

What bad news?

Anyone have any news or material update on Bandar Malaysia ?

hmm. okay i holding cuz I think new management with help from new investor can turnaround scomi.

@BigWhiteSand where you heard that it should be able to resolve?

hope you all are right. Cuz identity of new investor we also don't know is who

What results ? Can share link ?

does anyone know who is the PP investor is?

All this people saying good news coming soon. Can please share what the good news is rather than just wishful thinking?

BARGAIN BARGAIN IF DROP 50 CENTS

What is the twitter announcement? @ks_lim

Buy at the right time meaning what?
Can't you just say what you want to say?

@John Lu how does IWC take over Ekovest make sense. They dont have sufficient cash flow to do so. Ekovest take over IWC is feasible.

So much hope on WangZheng ahh cinapeh.. Hopefully we see financials getting better soon.

all here stuck at high prices. All on same boat, now we wait for AGM and let management clarify their future plans and progress with WZ expansion plans. Hopefully they are transparent with shareholders.

I dont see where the announcement the date and place sir @oldchinaman
I only see they say they will issue circular in due course under "Multiple Proposals"
Can you show me the link. Thanks.

Any can share when and where the AGM ? I have not received the letter yet

My point is not whether its cheap. My question is if good news, usually price will trend upwards before the announcement of the GOOD news. But we dont see that here