@PursuitofEpines: While your posting sounded very sincere, my defensive is that you may be Jabatan Cukai in disguise. I totally agree with MMK79.

QR is out. Impressive.
Why so many Q to Sell? Bonus issue on d way people not interested?

Ystrdy got profit.

Ai..yoh! My etrading platform got a glitch. Morning check no Q for me. Didn't pay attention. 1 hour ago check, got get at morning low. If not ahh check out gain 0.03c

Hope can maintain abv 0.92c tday.

@SJ: If I had con't play upto 1.8 I follow your lead. Sure will not end-up 0.50c Uncertainty is tat this could end-up like a long marathon run.

@chiongster: Wat is VLCC?

Hope TOFFS don't get knocked down. Have to wait 3 months more to know more of the truth. Tough decision .....

@LTInvestor: You can stand on your ground.

Is it coincidence or what, I have seen many times a blogger who starts with handle prefix OPTIMUS would come dropping by any upswing counter and does he/her very best to disparage and belittle. So just brush it off like a fly over your shoulder. I won't say that it is not irritating, VERY irritating indeed.

@DH: Ya....hooooo

Tis dun serve long term investor cos entry price was higher. Now bring dwn the price for short term punters to benefit. What logic ?????

Yah lor! Give out dividend also hv to wait till Sept '14 only can get. Dividend moni got to follow component parts by ship meh!!!
This z internet age lah!!!

I dun even hv RM1 mil right now. But tiz dun mean tat I cannot dream a dream. Hehehehehe.......

Resistance: 0.935

Roadblock: 0.925

....pullback up

Technical indicator only. It's like what Sheep has said. Punters will wait see, look see & see how. If got good participation can pullback tday.

Nanti naik tak usah tekan brak. Biar jalan laju aja. Kalau boleh terbang lagi shiok.

Hope will come soon. I like it - rm1.08
The chart shows overbought condition.
Anybody want predict wat's TP b4 rm1.08 ?

Oh! No. So fast already dwn 3.5c from peak. Looks like lost steam. Didn't use kapal minyak diesel.....

No fear holding??

I'm watching this chess game. I had stop at 1.12c.
05 June was this date mentioned in the offer letter?

Deleum next gear - acquisition.

JTI is latest example of takeover bid. Today's announcement appears to be game over.

If a major shareholder has 51% of a company total ordinary shares MGO is triggered. As long as major shareholder or it's agent has not acquired 90% of a company total shares the MGO is unconditional. This means those who has cornered the remaining shares need not sell at the offered price but wait for a revised offer. Until such a time the Offeror acquires more than 90% than the Regulator will suspend trading of the company. Then comes the takeover offer. Another extended story ...

It's better to have a core competency than being Jack of all trades but master of none. Time proven strategy to roll ones bizness. Don't play hard to get, got interested party & price is right. SELL!

Minimal liabilities would mean less burden, more time & energy given to drive growth. Hope that the management sees through the growth strategy in O&G support services.

May not be bad at all. After all, off-shore O&G upstream players are wanting services from company like Silkhld.

All I want is tat share price shoot way up high 2molo. To give me time to think, go long term or not. It's worth to keep a close watch of Silkhld.

Tday no move, 2molo can expect a gap-up. Hehehehe.....

Nice... No movement for this counter.... Wats the EPS?

My broker site not yet link to the AR but smart apps got show. As always wording so, so small to read.

True! true! waiting .... must hv patience.

Actually, I can't follow the rules regarding MGO. Apparently it does not simply work with the new majority owner having all the say.

Pls comment ....

lol, hihhihihi....

I hear you, DH.

I had vaguely remembered reading somewhere tat oil is flowing out from 4 wells. Just trickle. Updates given mentioned well No# xyz going according to plan and 2nd one follow suit and subsequent additional # of wells makeover then by end 2014 expect ..... I'm not going to dig any deeper for you.

It's as good a biz plan as is for me. I hv my secretary remember all the details for me. Psss: I am standalone. So, u understand wat I mean. I dun hv the money to bring SUMA to the Court of Law for lying. If things really went wrong I just cut my losses.

If I was a director of any company, I could be an aggressive, a passive or an acceptance director. That depends on the person I am. Which type am I? Then again I'm way, way out of that league.

So, let me be a critical investor then. The most trustable document is the audited FR published in Annual Report. At present time only Q1 FR (unaudited) is presented. But I don't understand, can't calculate out how the revenue was arrived. I seek others and answers not satisfying. The sum can't come to accuracy of 10. I should think well, of course the book is cooked-up.

This brings a serious question. Do I want to remain a shareholder of this company? Wakeup!

Corrections: My early post I used the word "vibe" - vibration.
1). What I meant to mean was "vile" - despicable.

On reading the responses above, a word to describe the reactions from readers is "vided" - divided.

Thank goodness that remarks has not gotten more vile. And I hope readers accept my accidental typo (misspelling) and learn a new word as I did.

What! What! What happened?????
Why drop 0.15 cents????
So sudden....

Correction: 4th post ...

Very long catchy title head somewhat controversial. Curiously but as suspected vibe remarks to be posted here. How true!

1st. post issued a challenge M.
2nd. post twisted interpretation & spitting out venom.
3rd. post tried to be a smart alec. I wonder what's the lowest profession in the world!

Everybody else should just leave this forum after reading this.

Hihihihi ......

Troops remain in dugout. No bullets fired. 2 drones deployed on survey mission. Terkesan ada bayang-bayang hantu!

@Jupiter: Frontline troops ready to charge. Decoder m\c cannot break your code. Standby ready to charge 0900hrs daylight. Most urgent decode this string - *&^(*^%&* ...

@viber88: V informative. So, there's TGOFFS & EQUINAS. Both comps got separate biz directions now.

About the O&G offshore rig company. Wat's the outcome of the acquisition?

I heard from an analyst: 1st TP 0.355, 2nd TP 0.40
Tis sounds v conservative isn't it? But, pls put your feet on the ground.

We long term SUMAtrians have seen much of the trading pattern here. So, goodluck to all.

@moderatequeen: u sure will hv nothing to worry, go topup. Besides, share wit as many this super news at other Forum sites too! SUMA will up even higher & hold at high. Hehehe.....!!!

M'sia hantam Japn on Sunday!
YK John declare holiday for Monday.
Then SUMA fans got another day of waited suspense.

@DH: I dun read NST nor NST news portal anymore. Thks.

Halim Saad, Ah Jib kor, James Chan (a.k.a. CYP) & cows are in the news.
How this will affect SUMATEC next week ????????????????


Halim Saad building US$700 million methanol plant in Kazakhstan !!!

May 24, 2014


Tan Sri Halim Saad, through his wholly-owned Markmore Sdn Bhd, has signed a framework agreement with the Administration of the Mangystau Province in Kazakhstan to build a US$700 million (RM2.2 billion) methanol plant in Kuryk.

The signing of the agreement with the governor of Mangystau Province, Aidarbayev Alik Serkovich, was witnessed by Malaysian Prime Minister Datuk Seri Najib Tun Abdul Razak and Kazakhstan Prime Minister Karim Massimov at the latter's office yesterday.

At the same event, two other Malaysian companies also signed memorandums of understanding (MoUs) with their respective Kazakhstan counterparts in the presence of Najib and Massimov.

Kenmakmur Holdings Sdn Bhd signed a framework agreement with the Administration of the Mangystau Province to develop a US$100 million natural gas liquid extraction plant (NGL Plant) in Kuryk.

The other company, Agrostan Farms Sdn Bhd, signed an MoU with the Administration of the Zhambyl region to develop an animal husbandry with the objective of introducing at least 500 cattle rearing farms of international standards in the region.

The three projects, to be undertaken by the Malaysian companies, are worth US$1.1 billion in total investments.

Halim said the methanol plant, targeted for completion by 2017, was a key part of monetising the large gas reserves in the Rakushechnoye Field, which is owned by the Markmore Group through its wholly-owned Kazakhstan subsidiary, CaspiOilGas LLP.

The gas reserve at the oil field is currently estimated at 535 billion cubic feet.

"We have exhausted all options for the gas monetistion, and we find that methanol production is the most viable option for us. Being the base chemical for a wide variety of products and applications, methanol is one of the top five chemicals traded globally by volume and it has a strong demand growth.

"The market can be reached easily through the vast railway network spanning the former Soviet Union countries," he said.

Oil production from the Rakushechnoye oil field is expected to reach more than 2,000 barrels per day by December this year and will triple in two years.

Meanwhile, Kenmakmur's LNG plant, expected to be completed within two years, will process natural gas from the Rakushechnoye oil field.

It will extract liquefied natural gas and naphtha from the gas before sending the lean gas as feedstock to a methanol plant currently being developed by the Markmore Group.

The plant will have a processing capacity of 100 million standard cubic feet of natural gas per day. Gas production is expected to start in 2017 as the oil production increases beyond 6,000 barrels per day.

Kenmakmur executive director James Chan said the large gas reserves in Rakushechnoye could bring a lot of value to Sumatec Resources Bhd which is operating the oil field.

Chan said at present, the gas reserves were only from the northern part of the field, representing only 10% of the total area, and there was potential for the southern part to have much higher oil and gas reserves.

Agrostan Farms was represented by its director Tunku Datuk Ya'acob Tunku Tan Sri Abdullah at the signing.

The livestock farms breeding project for beef production is also intended to improve the genetic potential of cattle to international standards.

Deputy chief executive officer of the Malaysia External Trade Development Corporation Datuk Dzulkifli Mahmud said the signing of the MoUs paved the way for more synergy and collaboration between business enterprises from the two countries.

Malaysian companies, he said could use Kazakhstan as an entry into the Central Asia region.

The Eurasian Economic Union (EEU) which comprise Russia, Belarus and Kazakhstan with a combined population of 170 million people, is an attractive market for Malaysian companies to explore.

The combined gross domestic product of these countries is about US$2.2 trillion.

Dzulkifli said Kazakhstan companies looked forward for latest technologies in building and construction, oil and gas, franchise, education and professional consultancy services.

Matrade, he said, would open an office in Almaty, the former capital of Kazakhstan, in the third quarter of the year.

– Bernama, May 24, 2014.

Hmmm! An investment tat's constant revenue generator.
Can anybody comment:
1). whether TGOFFS got impairments (hidden or not hidden)?
2). liquid asset & cash flow position after this purchase ?

I hv not followed the FR also, dun knw how to analyse FR.

T+2, Pelikan shot up again....missed. Possible tat QR out tonite.

@sunsun2010: Do appreciate yor lookout call. Yor informant ever give u chun tips or not? If Y, can hope for pocket moni lor. Hihihi...

Having said what I said. I hv big vested interest in SUMA. I hv high hopes too! SUMA don't fail us loyal supporters.

@afifi -
If Johari son of Tun Abd. Razak confirmed into SUMA BOD I got worry. Tis reminded me of Sersol. When rumour 1st appeared abt another son joining Sersol, Sersol goreng up like nobody bizness. But, when his position confirmed jatuh like noboby bizness also. My 2 fingers got burnt & not only that kena potong 2 fingers. Didn't recover for me.

Very soon many more will appear in the chat-room.

Halo! Yes I'm lagger. I'm glad did not throw away. Today, happier & all people reading tiz knw Y.

I'll just hold on to my small investment :):) no need to tambah!

Menang pls just move North & North. You can pause a short while but dun retreat.

sost - "cost"