let hope so! Haha

Price sudden shoot up, any news?

Ccdev and noraini ismail

I totally agree with the comments you two made!!

Average for 5 days now is 0.315

ccdev, tq for providing the link!

That is why Mr hearsay and Mr Dlckyme4, don't simple give false statement!! You can give your view but don't give false information to mislead, that is very irresponsible!!!

DlckyMe4, i have searched the Star Biz and the following date which the news came out regarding Sumatec CD and none mentioned the fair value of RM0.45

1)28 Jan 14
2)18 Jan 14
3)11 Dec 13
4)23 Oct 13
5)11 July 13
6)22 June 13
7)21 June 13
8)20 June 13

So please let me have the link of the news you and Mr hearsay said! Tq!

Mr hearsay, if you can't provide the source of your statement and i presume this is only hearsay only!! Cant be trusted!!

hearsay, do you mind show us the link on the news that Dalton said the fair value is around RM0.45??

DH i believe all the doubt will be from the short term investors!! If they really do a detail study on this counter, i believe there will no doubt of the prospect of this counter!!

I also get burn by playing contra on this counter and that is why a bit frustrated!! Anyway now review of the company data and prospect and i come to understand "Don't do contra now for Suma, well at least until the PP case settled!"

The mid term and long term prospect is still very good!! That i agree with all the Sifu here, put to peti sejuk at the moment and by the time defrost the return is really handsome!!

Yk is that they complaint you on your previous posts so you change your posting style already?? By simply asking now change to spreading good news?? Then your good news reliable or not??

Captain, on medium and long term side is ok, that portion i did not touch, but sometime is when you anticipate good news coming and tangan gata, buy for contra that kill me!! haha

Captain! I think is "Anticipation kill the cat"!We anticipate price up last week so get killed!! Haha

Captain! We are please to see Your "Green healthy comment!" Haha

The only green counter in top 10 list!

Is anyone know what is reorganisation profit report?

Sorry, what is reorganisation profit?

Captain, most of us mood being affected by market sentiment!! market drop 12 points!! Suma being affected!!!

only less than 30 minutes trading and bursa drop 16++ points we still get up 1 cents so is good already!! Why worry??

No more road block on selling side!!

yes!! As expected open green and see can go to what level!! Go Go SUMA!

Nolan, tomorrow will go green all the way and is just don't know how far it will go

Agree with you, dickme4, but this is how the game play, you see all the pn17 companies on the regularization plan the waiver of debts is there!!! So for this I think the new management is doing their part to make suma on a new era and not to cheat the investors!!

Dickme4, please read properly, is not write off debt, waiver of debt is the creditors give up getting back the debt owe by suma! This is part and parcel od the regularization plan and if you are not sure of this pls read the regularization plan before comment!

HS has perform in accordance to plan and this plan is approve by bursa! If you still in doubt you can do your own research and finding!

The new management is very good and they have plan so well and you can see by yourself

1) HS mentioned clean up the company by 4Q and is delivered via Q4 report
2) follow by clean up the 3 shareholders and you can see is completed in Jan 14 as no announcement of selling in feb14
3)follow by PP in end of Jan submit to Bursa and strategy expect approval already obtained and the average 5 days price for this week is 0.325, I think this also completed
4) march movement will based on the good Q4 performance as start and couple with the report of grilling work progress!

So I think march is a good month for Suma and just don't know how much is the expected price for march, maybe 0.4??? Anyone can give us some hints??? Tq

I notice that this week price movement Monday 0.335 and Tuesday to Thursday 0.325 and Friday 0.315 so average for the 5 days is 0.325, if PP really approved and if the price really 0.325 average and couple with the Q4 announcement out!

Do you all think the price will shoot up next week? I would think so but just don't know to which price!! Hope 0.4 maybe!!!! Captain Looiks, is the price 0.4 justifiable?

Strategist, that is why it is interesting to see the price movement next week as good Q4 report out and if PP not yet finalise, will they allow the price move a lot?

Or on the reverse view, if the price not move a lot then indicating the PP still pending!! Even pending i hope the price can reach 0.35 next week as HS has done his promise on the Q4 and market should also need to react a bit!!

Thank you strategist for the clarification!

Ran777 we worry about PP is because it will block the price from going up more as the price of PP will be decided based on average price of 5 market days and as such they will control the price not to move a lot!!

I did read the news that they will update on the well operation every forthnight and now not doing so and that i think is because of the pending of the approval from Bursa for PP! Once approval obtain they will come out with the positive operation news!! If now already do announcement, they price will go up and will affect the PP price also!

I am a bit curious as to normally how long it will take for Bursa to approve PP? Sorry i did not do my research on this! Is that 1 month is normal or not?

Apart from the quarterly report there are no news on the oil production and other operation information yet! I guess they have to wait for the private placement done and only announce these information only by then the price will move aggressively!

The submission to Bursa on PP is done on 29 January 14! One month already and think should be around the corner and i would expect Suma counter will have a good performance for the month of March 14!

ok!! will keep track now!! haha

So Looiks, your 1500LT mean 1,500 big lots acquired??

Debt free company and with grilling job start now and by having the first quarter profit out they will sure get the PN17 uplift!

Do you think the price will still be stagnant like this??

Now is waiting for the PP issue resolve, price move and more news on grilling works then price move further!!!

Agree that should have holding power at least 6 months!!!

I did remember to come across the information that Sumatec share capital is 3,086,000,000! Is this correct?

If it is correct so the EPS by using this share should be 0.025 and multiply by PE of 20 should be 0.5!!

EPS is 14.34 and give the PE of 15 then the share price should be RM2.151!!

Actually i think there are someone accumulating at the price of 0.32!!

Tq guys for the update!

Can anyone know now the broker firm will charge us interest on T4 transaction? Today i have some T4 transactions and i seen there is an interest charge on these T4 transaction! I am using OSK! Is it only OSK like this or other brokerage firms are also charging the same?

investor, though i analyse not moving up much but i tend to hope DS comment is right! Expect the unexpected!! Let hope i am wrong and DS is right! haha

I still think today will be green day for suma even not shooting up a lot due to PP not yet finalised! 4Q result out and they will let market to react a bit and spark up maybe 1 or 1.5 cents n later come down again and end with increase with 0.5 cent or breakeven!

I still think tomorrow suma will up based on the following

1) the is week the price is not fluctuate a lot and apparently is being control, just see these 3 days all close at 0.325, why they want to confine the price at this lv? I would say is because they don't want us to goring the counter to a unreasonable price b4 the quarterly report out!

2) since the profit guarantee has given by HS, the doubt of bad performance is non exist, this can also be seen as the price is being control and maintain and not dropping!

3) so do they want suma price increase, well I think yes but gradually and tomorrow they will have good reason to push up the price based on the Q4 result out!

Let hope the price will shoot to 0.35! My 2 cents opinion!

investor, buy on rumour sales on news cannot apply to Suma at the moment as the price is being control!!

YK when you say US may have correction after 11 March, what is the basis you come to this? another QE cut again?

haha! DH dont be like that, kasi him chance to change lah!!

If your cost is 0.30 and let say uplift in July and conservatively we say the price will reach 0.6 and you invest in this month and within 6 months the return is 100% and why so worry???

Please take note that 0.6 is really very prudent figures!!! I wonder why ppl will still worry so much?? If you want to play contra this will not be a good counter to do so as still under PN17 and they will not let the price fluctuate too much in order to have bad image in the market as speculative stock!! That is why we can see the price move slowly and give impression of steady and healthy growth to the market!

My 2 cents opinion!!

YK, pls save all your comments and when out of cocoon and you read back and have a good laugh of it!!!!

Glad to see 0.335 well sustain!!! Keep on Suma!!!

good support at 0.335

maybe big boys nominees enter already??