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
SUMMARY OF KEY FINANCIAL INFORMATION
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INDIVIDUAL PERIOD
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CUMULATIVE PERIOD
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CURRENT YEAR QUARTER
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PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
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PRECEDING YEAR
CORRESPONDING PERIOD |
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31 Dec 2019
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31 Dec 2018
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31 Dec 2019
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31 Dec 2018
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$$'000
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$$'000
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$$'000
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$$'000
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1 | Revenue |
124,135
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0
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232,022
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0
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2 | Profit/(loss) before tax |
-9,057
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0
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-2,828
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0
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3 | Profit/(loss) for the period |
-10,031
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0
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-6,841
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0
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4 | Profit/(loss) attributable to ordinary equity holders of the parent |
-13,081
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0
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-9,540
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0
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5 | Basic earnings/(loss) per share (Subunit) |
0.56
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0.00
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0.41
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0.00
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6 | Proposed/Declared dividend per share (Subunit) |
0.00
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0.00
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0.00
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0.00
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AS AT END OF CURRENT QUARTER
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AS AT PRECEDING FINANCIAL YEAR END
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7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.1700
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0.1700
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Remarks : |
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. |
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
Country | Base Unit | Subunit |
Malaysia | Ringgit | Sen |
United States | Dollar | Cent |
United Kingdom | Pound | Pence |
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?
Stock | [SCOMIES]: SCOMI ENERGY SERVICES BHD |
Announcement Date | 27-Feb-2020 |
Name | DATO MOHD ZAKHIR SIDDIQY BIN SIDEK |
Currency | - |
Date of Change | Type | Number of Shares | |
---|---|---|---|
26-Feb-2020 | Acquired | 423,963,964 |
Nature of Interest | Indirect Interest |
Shares | Ordinary Shares |
Reason | Deemed interested by virtue of 100% shareholding in United Flagship Sdn Bhd, the holding company of Gelombang Global Sdn Bhd |
Direct (units) | 0 |
Direct (%) | 18.10 |
Indirect (units) | 423,963,964 |
Indirect (%) | 18.10 |
Total (units) | 423,963,964 |
Total (%) | 36.20 |
Date of Notice | 26-Feb-2020 |
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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
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