Will be a dismal 1st qtr results. A long and winding road to travel.

Scomien 52 weeks low at 0.195 today. Sold land in Rawang where the the fabrication plant and yard sat on and lease back. Desperate move ?

NTA at RM0.34 is a steep drop from previous year.

Soon we will see Scomien below RM0.20 with arbitration the on the way.

value_invest, do you think Scomi's Ophir RSC will end up like the same fate as Berantai field previously opreated by SKPetro ? Graphene Nanochem PLC, associate to Scomies in joint venture to the produce and distribute drilling fluid was unable to furnish annual report for year ending 2015 and is now suspended in the UK AIM market. What happen ? Any negative impact on Scomies bottomline which in turn will impact Scomi ? Can someone enlighten ?

value_invest, if what you said is true of the corporate exercise, one thing is for sure - bad news ahead.

Are there still fundamental value left in Scomies ?

We now have a new 52 weeks low for Scomies @ 0.19.

We have a new 52 weeks low now for Scomies at 0.19.

Would the T4 "heavy" volume in Scomies cause a new 52 weeks low today.?

It wil be a long and bumpy road ahead.

Folks, a new 52 weeks low for Scomies is in the making. Valueinvestor can you churn us some fundemental numbers for us ? arbao, you have to live with your emotion towards Scomi for the rest of the year or maybe longer.

To reach 0.20 itself is a daunting task. Even if it touches 0.20, the price will retreat equally fast.

Future earning visibility is hazy without winning big ticket contracts from Scomies.

I concur with you totally.

Winmal, you have made comment of others O&G companies results. So, what do you think of all the 3 Scomis results be like ?

Heavy volume T4 for Scomies today. Can hang on to overnight close 0.22 ?

Scomi Group controls around 70% of Scomien. You tell me if it makes a difference.

Wishful thinking.

I wonder if Scomien will counter those clips and comments ?

Some very negative reporting on Scomien monorail appearing in the Penang base anilnetto.com webpage. Very damaging article ?

Flying Scomi to which direction ?

Redz1, you said it sweet and precise. When results cannot match with the fundamental as projected, no matter how great there are, after awhile, the relevance will fade away. At best will remain classroom materials for case study.

Would not be surprised Scomies test the 0.20 this Thurs. Thing are not looking good.

You tell me NoPainNoGain. You think this month 4th and final qty result will bring you cheers ? Big disappointment to come ? Heavy impairment ? Value_invest what is your take ? I wonder what has happened to I_invest ?

If divine help is needed to step in to do something to the counter, it is more the so bad news.

value_invest, Scomies is a big big boost just by appointment of Pak Lah as chairman. So easy meh ? Really ?

From the Borneo Post Online this morning.

..... Scomi Group Chief, Shah Hakim Zain, on the converse, was more conservative in his
projection, saying that the global oil price would be at an average of US$40/B for the next
5 years. He said pressing issue of oversupply remained lingering, and that the oversupply
gap of approximately 5 million barrels a day would be hard to close ......

So, are we getting some clue as to what to expect from the 4th qtr results ? Surely a man like Shah Hakim who is in the business and on the ground have a better feel and sense of the industry.

We have English session in progress.

I would not be that optimistic. More of a wishful thinking.

SC granted waiver to Scomies to waive allocation of 12.5% Bumi equity. At least no further dilution given the current depressed share price. It helps. All eyes will be on Scomien "huge" volume come next Mon and Tue. Would it be another low maybe ? Let us watch and see.

Put aside what the near future will hold for Scomi. Immediate issue on hand Scomien 0.23 with "volume" today. Maybe historically low. Which side do you think the legal battle will favour ? Read today's The Edge Financial Daily

The current month, March 2016 is the last month for the financial year of Scomi, Scomies & Scoimien. Since the last qtr results, do you see the performance trending upwards ? How would the last qtr results fair in your views ? Announcement plentiful, good or bad news, the interpretation is up to you. More importantly, are there any positive drivers that can translates into positive numbers to be booked into he coming final qtr ? When the results are out in May, it will be the moment for you to decide their worth.

Can realise delivery in 60 days ? PR image affected ?

Very likely that share prices of Scomi and Scomies will go back to before the announcement of IJM enlarged shareholding. Will not be even be surprised to see a new 52 weeks low.

volkstock, value_invest has sort of provided you the answer. The thing is, can Scomies still keep up with the momentum to contribute favourably towards Scomi ? Well, let us see what the quarterly result will convey to us.

Did I abuse usage of this forum ? How and in what way ?

voltstock, that is Scomien result with main contribution from foreign exchange gains . Not Scomies or Scomi results. Scomien has nothing to do with O&G.

aziz47, 19/02/16 vol 334878. 22/02/16 vol 392519. We have not seen such vol for ages. Common sense will tell you that selling pressure (starts T+4 this Thus) will be there unless super good news. Whether the price will visit 0.18 again, come Fri it will answer you. Maybe the quarterly result will do the trick. At least it is something immediate and will contribute substance which could be positive or negative for Scomi. I do not know the answer. Is anybody guess. Chanting repeatedly tong tong chiang, churning old news and saying offer good value without making reference to what measurement by itself will not provide strength for Scomi price.

Heavy delivery starting tomorrow till Fri. I wonder who will help to mop up those on contras ? With the loan stock converted by IJM, is a big relief for Scomi. And I see this to be the reason for the price to popup. Cash position remains intact and the uncertainty and worry over the move IJM will make before this has come to pleasant closure. Moving forward, what positive drivers with substance are there to move the price higher ? Would the quarterly result buckle the trend ? Or, we see impairments ? Prehaps some of the sifus can shed some light on this.

The show is over for the rest of this week.

The direction of Scomi's share price will be determined by the 3rd quarter result to be announced very soon and subsequently, the 4th quarter result which ends in March to wrap the full financial year. In addition, how fast contracts can Scomies and Scomien win to add to the orderbook ? In short it all goes back to Fundementals. Earnings and solid orderbook will see mark improvement in share price. The financial reporting must show us the money. In the meantime my strategy is simple - pray hard.

i_Investor, can you shed some lights for Scomies. Share price seems to suffer from diarrhoea. You are an admirer of their model. Is the model adapting to the changing tides and climate? At the end, the reality is in the numbers. What is your take on the qty results this month ?

A piece of refreshing announcement. Orderbook US1.78 billion = RM7.8 billion. Hope more to come. Something from Scomien to add another RM1 billion job would be fantastic. Still, the shares price remains pathetic.

i_investor, u r displaying some old news. Currently we r dealing with a new breed of economic animal house. Did the strong US$ position (weak Ringgit) translate into better financial result for Scomi? Don't seems to be reflected in that manner from the last reported qtr. Is not like those we see in the rubber glove industries. Charter rates for vessels dropped substantially and many of these assets are under utilised. Marine services has registered losses. Oilfield rig counts reduced further. When oil prices rises, it only creates an environment of more and better opportunities. In the end, Scomies will benefit if and only if it wins contracts. Nanographene in still very much in the infancy stage. Yet to see its full potential on its usage and application in the market. Hopefully, the plant in Klang will commence production as per scheduled this year. As for Scomien, Brazil is going thru major economic hardship if not a crisis and the monorail job in India should by now be completed. Don't seems to have new news since collaborating with Skoda. Scomi performance is riding on Scomies and Scomien results. In the end, it boils down to their ability to secure profitable jobs without which your guess is as good as mine. 3rd qtr announcement next month would only show a moment in time which will serve as a guide be it good or bad.

ivan9511, the 3rd qtr results out next month will speak for itself if Scomi future is good. Likely to see a huge contraction in turnover and profit at best.

Strong order book replenishment is what Scomi needs. This, I believe is the missing link. Hardly hear anything from Scomien these days.