Hi guys, 

Brent Crude has touched a new high at USD43.00

More people are looking at Oil & Gas Stocks

Our Focus is on Scomies (7045)

Why Scomies?

Answer:

BECAUSE SCOMIES IS THE MOST UNDERVALUE OF ALL O&G STOCKS

See

As the Company has changed its financial year end from 31 March to 30 June, there are no comparative figures provided in respect of Income Statement and Cash Flow Statement. The comparative figures provided in the Balance Sheet relates to the audited figures as of 30 June 2019.

SCOMIES WENT INTO A 5 TO ONE SHARE CONSOLIDATION

SO THE NTA OF 17 SEN SHOULD ALSO READJUST

LIKE THIS

17 SEN X 5 = 85 SEN

SO NOW SCOMIES AT 16 SEN WITH NTA OF 85 SEN MEANS IT IS SELLING AT 80% DISCOUNT!!

PRICE TO NET ASSETS SCOMIES NOW THE CHEAPEST AMONG ALL O&G COMPANIES

2) WHO OWNS SCOMIES

Long ago

See

SCOMI MOTHER

HABIB JEWEL BOSS

See this one

9. Guoline (Singapore) Pte Ltd ................................. 16,665,400 (16 .6 millions. After 5 to One he owns over 5 Milions)

Guoline is owned by Hong Leong Boss Quek Leng Chan

He bought around 60 sen to 70 sen 

How much is his current holding cost?

Rm3.00 to Rm3.50 a share

Now 16 sen only?

Really cheap?

CEO OF SCOMIES OWN 1.8 MILLION SCOMIES SHARES AT 10.5 SEN

His cost now? 52.5 sen

Who are the New Shareholders of Scomies?

[SCOMIES] Notice of Interest of Substantial Shareholders - DATO MOHD ZAKHIR SIDDIQY BIN SIDEK on 27-Feb-2020

Substantial Shareholder's Particular:

Details of Changes:

Total no of securities after change

Business Leaders

Latest News Companies Markets Economy & Forex Commodities Interest Rates Business Leaders Finance Pro. Calendar Sectors   Home All news Most read news Business Leaders Biography

Mohammad Zakhir Siddiqy bin Sidek Age : 52 Public asset : 69,820 USD Linked companies :  HSS Engineers Berhad Summary   Founder of United Flagship Sdn. Bhd., Mohammad Zakhir Siddiqy bin Sidek is Independent Non-Executive Chairman of HSS Engineers Bhd. He is also on the board of United Flagship Sdn. Bhd. and Am Modular Sdn. Bhd. and Member of Malaysian Institute of Accountants and Associate at Institute of Chartered Accountants in England & Wales. He previously was Vice President of Turnaround Managers, Inc., Executive Vice Chairman at Park May Bhd., Managing Director at UEM World Bhd. and Managing Director at UEM Land Sdn. Bhd. He received a graduate degree from King's College London.   Current positions of Mohammad Zakhir Siddiqy bin Sidek   Name Title Since  HSS Engineers Berhad (Construction & Engineering) Independent Non-Executive Chairman 2015 United Flagship Sdn Bhd Director 2000 Am Modular Sdn. Bhd. Director - Institute of Chartered Accountants in England & Wales Associate 1993 Malaysian Institute of Accountants Member -   Holdings of Mohammad Zakhir Siddiqy bin Sidek   Name Equities % Valuation  HSS Engineers (HSSEB) (Construction & Engineering) 582,950 0.12% 69,820 USD   Mohammad Zakhir Siddiqy bin Sidek: Personal Network

HE IS NOW THE CHAIRMAN OF SCOMIES.https://www.theedgemarkets.com/article/mohd-zakhir-now-chairman-scomi-energy

3) WILL SCOMIES GET OUT FROM PN 17

YES AND MOST PROBABLY DUE TO THESE FACTORS

1) ITS NET ASSETS LIKE SCOMI OIL TOOLS WORTH OVER RM400 MILLIONS COULD BE SOLD TO SETTLE ALL DEBTS

2) ITS CASH PLUS OUTSTANDING MONEY LOANED TO SCOMI MOTHER PLUS REVENUE FROM RM610 MILLIONS FOR KUWAIT OIL CORP COULD PARE DOWN OR SETTLE DEBT

3) SCOMIES COULD GET A BRIDGING LOAN AS AMPLE TIME IS GIVEN BY SC TO REGULATE PN17 COMPANIES

AND WITH THE FAVOURABLE FACTOR OF BRENT OIL NOW REBOUNDING TO USD43 THE GLIMMER OF HOPE GETS BRITHER EVERYDAY FOR SCOMIES

BEST REGARDS

Calvin Tan Research

Singapore

Please buy/sell after doing your own due diligence