andychay6124Ha ha ha. Just estimate. Based on record, This year got twice like this
05/11/2019 8:02 PM
Daily8Wah, IJM hold this stock. Any news on this stock besides huge losses ?
08/11/2019 4:57 AM
Daily8Scomi Energy Services external auditor Messrs KPMG PLT has expressed material uncertainty over the group's ability to continue as a going concern based on its financial statements for the FY19. It also triggered the Practice Note 17 (PN17) criteria as its shareholders’ equity on a consolidated basis has fallen below 50% of its issued share capital as at June 30, 2019. It will seek a waiver from being classified as a PN17 company to Bursa Securities. (The Edge)
08/11/2019 4:58 AM
andychay6124IJM already hold this stock long time ago and make huge losses as well.
MingGoonQuoting from Mabel & Daily 8 :- Mabel "Better sell as soon as you can...
Scomi Energy: Auditor flags going concern uncertainty. Scomi Energy Services external auditor Messrs KPMG PLT has expressed material uncertainty over the group's ability to continue as a going concern based on its financial statements for the FY19. It also triggered the Practice Note 17 (PN17) criteria as its shareholders’ equity on a consolidated basis has fallen below 50% of its issued share capital as at June 30, 2019. It will seek a waiver from being classified as a PN17 company to Bursa Securities. (The Edge) 25/11/2019 10:11 PM
Ron90thrown out from the bus by the owner also gave Scomi flying tickets !!..turn around is just at the corner
03/12/2019 2:40 PM
kenieScomi's PN17 waiver application rejected KUALA LUMPUR (Dec 3): Bursa Malaysia Securities has rejected Scomi Group Bhd's Practice Note 17 (PN17) waiver application. In a filing today, Scomi said its application was rejected on Dec 2 as there are concerns on the sustainability and growth potential of the existing/remaining business and its ability to generate sufficient revenue and thus profitability. "Pursuant to the above as well as Paragraph 8.04 and Practice Note 17 of the Listing Requirements, the Board of Directors of Scomi wishes to announce that the company is now regarded as an affected listed issuer (PN17 company) as it has triggered Paragraphs 2.1(a) and 2.1(e) of PN17 of the Listing Requirements," it said.
freemanScomies was not scomi.. Scomies is charging 7% interest for the advance to scomi. There is positive feedback regarding bridging loan.. SC also will treat scomies differently as scomies has sound business. Once CR is done.. shareholder equity deficit will be no issue. If scomi sell its share of scomies to new investor then it will more +ve prospect
03/12/2019 5:21 PM
CharlesT4 becomes 1..then will be rm0.18..rights issues 3 for 1 at rm0.18
03/12/2019 5:24 PM
fl888Now Scomi got money to pay back Scomies the rm70 million...
i3lurkerI have high regard for BURSA listing officers BURSA selected them carefully, good Human Resource department screened properly at door they are professional, friendly, experts, well educated
Interpretation===> existing plan is NOT good enough, profitability still an issue
if buy now may be stuck some time until more revenue is earned. You are putting money into unproductive assets.
if buy now, even though low price coz nobody else want to buy. There is no guarantee you will make money. Essentially gambling
REPEAT You are putting money into unproductive assets.
I am not telling you to buy or not to buy, to sell or not to sell.
//Scomi said its application was rejected on Dec 2 as there are concerns on the sustainability and growth potential of the existing/remaining business and its ability to generate sufficient revenue and thus profitability. //
