wow what happen

after completed all transaction and process baru akan start going up.

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On Saturday, oil ministers from OPEC countries will meet non-OPEC producers in Vienna to seek help in curbing a global glut.

Russia has said it would cut 300,000 barrels per day, meaning other non-OPEC producers combined would need to pledge the same amount to lower output by the 600,000 bpd OPEC wants — half the reduction OPEC is making.

Azerbaijan has said it will come to the Austrian capital with proposals for its own reduction. Kazakhstan may offer to freeze output at last month's level, Kazakh Energy Minister Kanat Bozumbayev said.

On Saturday, oil ministers from OPEC countries will meet non-OPEC producers in Vienna to seek help in curbing a global glut.

Russia has said it would cut 300,000 barrels per day, meaning other non-OPEC producers combined would need to pledge the same amount to lower output by the 600,000 bpd OPEC wants — half the reduction OPEC is making.

Azerbaijan has said it will come to the Austrian capital with proposals for its own reduction. Kazakhstan may offer to freeze output at last month's level, Kazakh Energy Minister Kanat Bozumbayev said.

so many good news for this counter.

wow error pulak sekarang

tomorrow morning i will buy again and top more and more.

ok done.

aiyo i got meeting today. If not already buy at 0.05.tomorrow morning i will attack on 0.05. Add more and buy more.

Semua jual open market. Who buying. This one silap2 kena push very high.

wait for 9 december for OPEC - Non-Opec meeting to cut production. More Non-Opec member will join.

i buy again today. :-). Feel Happy.

hehehe still strong. Enjoy the moment. This the best O & G counter so far.

Next biggest buyer - 4 M

77.2 Million banyak tuuuu.

who buying it ? how many share left?

i will start buying tomorrow :-).

start buying it. :-)

Goodboy right issue or share consolidation ?

wait for DJIA open. Crude oil will sky rocket.

wait for DJIA open. Crude oil will sky rocket.

heheh PN17. Go and read la what is PN17 actually. this company still making money la.aiyo PN17 pulak.

what happen to suma? why keep going down ? company nak bankrupt ka?

Good profit and now waiting for the news from OPEC. But feeling nervous with OPEC.

Im just waiting for the financial report coming this week and OPEC news.

So shock trump could win this election. But it is good for malaysia as Najib & Trump are very good and close friend. Congratulation to the 45th American President.

Weldone Hibiscus. Another round of closing at 0.31. It is yet again testing to be push towards 0.425.This time i think it will make it.

hahah nak collect la tu. told you so. its strong.

tak habis-habis red bean army ni. why rafizi still maintain his account in tabung haji if tabung haji corrupt. chis tak guna punya pembangkang.all should be burn to dush during this coming bersih.

got more at 0.06 today. :-)

sideway at the moment. US election and Crude Oil Price causing chaos across the world.

Pua should turun during bersih 5. We are waiting for his head.

hope i can still get 0.06 or 0.065 tomorrow as i still have money to attack.

waiting for Quarterly Financial Report expected by end of this month and at the end of this month will be the most anticipated news from OPEC. This two will be the pushing factor for Hibiscus to break 0.40. Its double and if both news are good than you know la. That is why they are attacking non-stop from now.

told you already. if it close at 0.31 would be good. Its so strong and 0.425 is coming.

can go down tomorrow. oil market crashing now.

Get ready tomorrow for rebound. China and Malaysia are going to discuss how to increase palm oil penetration in china and sale of palm oil and maybe there is a signing of MOU between both country.

very strong

yes i want to keep buying. I want to go holland.

The new CFO are coming.Sumatec announced the resignation of its chief financial officer Roshidah Abdullah “to pursue personal interest” effective Oct 31, She had been CFO since April 1, 2013.

Tan Sri Halim Saad, said the default in payment on Oct 18 and 19 was due to the delay in completing the sale of the vessels that were “arrested.”

Sumatec's liability as Semado's guarantor not expected to exceed 5% of its net assets

http://www.thestar.com.my/business/business-news/2016/10/28/sumatecs-liability-as-semados-guarantor-not-expected-to-exceed-5pc-of-its-net-assets/

KUALA LUMPUR: Sumatec Resources Bhd’s liability as corporate guarantor for Semado Maritime Sdn Bhd, its associate company that recently defaulted on its loan payments, is expected to be less than 5% of its net assets.

The oil and gas company told Bursa Malaysia on Friday that Bank Pembangunan Malaysia Bhd and Semado had in June agreed on a total sum of RM73.8mil as the full and final settlement of the loan.

“Under the corporate guarantee, Sumatec could be liable for the shortfall between the outstanding loan amount and the net realisable value of the vessels, if any,” it said,

“The vessels” refer to oil tankers Semua Mutiara and Semua Muhibbah, for which Bank Pembangunan’s lawyers had earlier this month issued a warrant of arrest.

In return for the release of the vessels, Sumatec said the bank was claiming settlement of principal sum of RM143.32mil (plus RM100,000 in cost), or an alternative security in the sum of RM165.21mil by way of either a first class bank guarantee or a letter of undertaking from a P&I club (mutual insurance association that provides marine insurance through risk pooling) within seven days (the date has lapsed).

In its latest announcement, Sunatec said a desktop valuation carried out by an independent ship valuer last month estimated the market value at US$7mil (about RM29mil) per vessel.

“Based on the final settlement sum of RM73.8mil and the desktop valuation which is subject to a final full inspection, the shortfall is expected to be less than 5% of the company’s net assets as at June 30, 2016,” it added.

Sumatec pointed out that it had net current assets of RM140mil as at June 30. June 2016. Based on the 5% figure, Sumatec expects the shortfall to be less than RM7mil.

A quick calculation by StarBiz, however, shows that the difference between the final settlement sum and the desktop valuation of the two vessels is RM15.8mil.

Sumatec announced the default by Semado, owned by Semua International Sdn Bhd (SISB) in which Sumatec has a 49% equity interest, on Wednesday.

Sumatec, whose single biggest shareholder is Tan Sri Halim Saad, said then that the default in payment on Oct 18 and 19 was due to the delay in completing the sale of the vessels that were “arrested.”

In Friday’s announcement, Sumatec explained that the finalisation of the sale took longer than anticipated because Semado wanted to ensure that it obtained the best price for the vessels.

“Semado is now evaluating all proposals received and making arrangement for inspection of the vessels,” it said.

Semado is also discussing with Bank Pembangunan to revert to the final settlement sum agreed earlier in June as well as to grant extension of time to complete the sale of the vessels.

“The board, after having inquired into the affairs of the company (Sumatec), is of the opinion that the company will be able to pay all its debts as and when they fall due within the period of 12 months from the date of this announcement,” Sumatec said.

In a separate filing on Friday, Sumatec announced the resignation of its chief financial officer Roshidah Abdullah “to pursue personal interest” effective Oct 31, She had been CFO since April 1, 2013.

Sumatec shares closed unchanged at 6 sen on Friday, with 45.89 million shares changing hands.

chan i already buy as much as i can last two day when it reach 0.065 and 0.06. Like you said it is a one lifetime opportunity. :-)

For our Indian Friend Happy Diwali.

For our Indian Friend Happy Diwali.

0008 will only come when the price go down or about to go down la NeverLossAgain. I believe people here know this already.

Huraiiiii got my 0.06. Muahhhhh love ya Sumatec.

aiyo charles don't share here la.diam2 sudah.

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Korang ni mcm mana main saham.PN17 punya criteria pun tak tau.tak payah simply petik PN17 if PN17 also you dont know.how la you play share.