0.05

????

Nomanland what do you by that ? What history ?

nomanland ... and I won't be surprise if history repeat itself, from technical analysis chart point of view.
27/10/2016 12:45

shake the tree , let all the monkeys drop from the tree , before pushing up

ozzie do you mean the EXIM bank loan is not being given to sumatec yet ?

nomanland thats what i am thinking too. Har kar yin ..

Nomanland n ozzie what is yr take on this news ?

One more things sumatec should answer us. Since the vessels are taken by bank now. You should had hired a bank to assess the market value of the vessels. Diu nia sing. If the market value is 180m. N you hide this from public. Mean you are not doing your work diligencely.

Accountant panai cipta story n plans pinya.

Correct me if i am wrong . Sumatec only liable to pay the difference from the proceed of vessels sales and the loan amount. If they sold the vessels at 100m . Sumatec need to pay 140m -100m which is 40m.

Correct ? Very funny out of sudden come out this news. Where the management failed to sell the vessels on time. N they have no idea how much the vessels is worth. This pk md should resign for failing to sell vessels on time. No risk management ga ? Or someone cook up the delay of selling vessels to further press down the price?.
I use conman mentality to think n guess. Nanti lia will say we had found a buyer offer 160m . ..........

What does this mean ?


9. Where the default is in respect of a subsidiary or associated company, a confirmation as to whether the subsidiary or associated company is a major subsidiary or major associated company, as the case may be

Semado is not a major associated company.

Ini monyet pinya wayang la...


. Reasons for the default

Delay in securing the completion of the sale of the Vessels.

3. Measures taken by the Company to address the default

(i) Sumado is arranging for inspection of the Vessels by potential buyers.

(ii) Sumado has requested for extension of time from Bank Pembangunan to complete the sale of the Vessels.

Ini monyet pinya wayang bila mau habis ini ? Mau close shop betul ini ?

How to limit down ?

5. Business, financial and operational impact of the default on the Company

(i) The claim is not expected to have any significant impact on the business and operations of the Company.

(ii) The financial impact to the Company, if at all, is limited to the difference between the loan amount and the proceeds from the sale of the Vessels.

pasti tuju bawah tanah

5 cent company . bunga raya up again ini..tapi sumatec down again ini...something is wrong ini...

Ini maciam....tesla motor mau bankrupt also lor oil at 15 usd. Gasoline price cheap . Battery car need more cost to build n maintain as compare with gasoline car lor.... aiyoyoyo
Oil at 15...

aiyo USD 15 ah.....Saudi mau go bankcrupt lor ? all producer rugi kaw kaw pump oil lor ini maciam...kesian them....

Crude oil price is so low at 50. what is the motivation for people to go for alternative energy ? cost effective ?

in this coming 10 years , the world still need crude... when oil at 150 USD . tom and harry will come develop alternative energy la.. remember last time when oil at 150 during abdullah time .
everyone talk about hybrid cars...now how many hybrid cars on the road ?

Alternative energy is set to take center stage. Say good bye to fossil oil in stages. Solar and battery powered cars are already in market. Next, we must kill real estate industry and no one should be allowed to own land.

suma adjusting par value to 0.07...i am wondering the share price cant be more thant that at the time of adjustment ? is there such a rule ah ? just wondering

is there a such rule that share price cant higher then the adjusted value of par value adjustment ?

dragon lu mau menang in share market , lu mau pakai conman mentality baru boleh lor wakakakak. think straight straight sure die one lor.....

dragonslayer Aiyo....conman pun pakai liao...what else can be used leh....wakakaka.....ki ki ki
19/10/2016 23:05

http://ir.eia.gov/wpsr/wpsrsummary.pdf

US crude stock decrease 5.2 Millions barrels last week

Saudi cut 1 m. Russia cut 1 m . Kau tim ?

http://www.cnbc.com/2016/10/19/saudis-falih-says-oil-markets-at-end-of-downturn.html

Saudi's Falih says oil markets at end of downturn

cut gas price , if glotec got gas to sell . how good is it ? cut price is good to glotec ?

you have to use the con man mentality to think and predict their movement , thinking and action .
if not ,you might end up like most of us stuck in here wakakaka .

usually they will announce some news to make you think the price will be maintained at a certain levels. so when you believe that buta buta and bought the share. then you naik kereta lor.

When price at 0.4 , news said the boss want up stake in sumatec hehe . Now 0.08..i think he can buy all lor now , why is that no more news said he want to buy more now ? When he want you to buy, he will do something. When he want you to sell , he will do something too .

For sumatec share price. Ground is the limit. Never under estimate the boss thinking.
All the way ftom 0.62 to 0.08 . So wat else cant happen ? 0.02 also can. 1 rm later also can lor if oil up back la.

Hope suma moving up . If opec nov meeting confirm cut production.. should be start the up trend by then

Lu pinya belly dancer main yoga ? Kakakaka

now only see OPEC got deal or not la...if cut sure want cut till crude oil can up la.
those SKL said cut , oil price also cant go up high.. If you change strategy to cut production , mean you want higher oil price . saudi cut 700 k barrels and russia also cut 700 k
that is already 1.4 M barrels lor.. cant be russia cut 100 k barrels ah ?

SKL talk down the cut production deal , but bet oil bull . http://www.bloomberg.com/news/articles/2016-10-16/oil-speculators-most-bullish-since-2014-after-a-wild-two-months

PN 17 company, buy low sell high..make money can run first.. dun expect it can come out from pn 17 in near term...there will be few more pump and dumb on and off . just my SKL opinion.

2015 2016 they jus sit there . Turn on n off the pump on old rigs.

Dec 2014 till now. Did sumatec drill a single new rig ?. If no. Where all the profit money gone ? And the private placement 0.14 money too.

any idea sumatec current daily crude production is how many barrels ?

Smart abit can ah ? Cantonese is sing xiu xiu hou mou ?

This april said got loan from exim bank 450 m rm. Any update on this loan utilization ? Said want to gas pipe. Where is the progress report on this ? It been six months
. Dun wait us to ask for the update. Management should update us on due diligence ma. Nia ma want us scold you n order how you run your company ah ?.

Lend money

Nomanland u look at sumatec movement. I would say even brent at 60 usd. I think it also wont make money. I suspect it cost per barrel is near 50 usd. This is why it stop dev new rigs.
If cost at 50 usd. How bank will let money to tan sri to subscribe right issue. I think lack of support from bank can be one major reason why right issue delayed few times.

you simply ciakap one 4 digits number for 2 years ... i think the numbers also can come out on 4D lor wakaka cun cun sui sui , 2 years tak bole 3 or 4 years sure win lor

sumatec want to make announcement ? main focus now is renewable energy ? pump shit out from bawah tanah ga?

lu sula ciakap 2 tahun lebih lor...lu ala sien ka ? pasti tuju langit

Oil n gas counter mali

http://www.cnbc.com/2016/10/10/putin-says-russia-ready-to-join-opec-output-freeze.html

aiyoyo Putin taiko ciakap lor

http://www.cnbc.com/2016/10/09/oil-prices-fall-over-doubts-that-non-opec-producers-will-cut-output.html

53 lor

Aiyoyo..look at sumatec. Oil at 60 may be it go 0.05 lor....may be the boss hedge oil low low is it ? Wakaka that explain oil go up . Suma go down.

welcome you sula naik kereta lor kikikikiki