ogre

ogre | Joined since 2014-02-06

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Stock

2016-04-22 11:08 | Report Abuse

speakup

fyi, the annual report 2014 listed siva as one of 30 largest shareholder.
however, from then till now no news whether he sell or buy more.

"Siva kumar buy Cliq lar, not Sona"

Stock

2015-12-01 13:28 | Report Abuse

@tftey
@angku
refer link below;
download the pdf file.... page 120
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4937453

Stock

2015-11-30 22:44 | Report Abuse

for info:
chk the annual report.
KYY and Fong Siling ......
no 4 & 10 major share holders...

Stock

2015-06-09 16:19 | Report Abuse

@abcb
your analysis is a classic example of FA vs TA gone haywire...

Stock

2015-06-01 16:56 | Report Abuse

@makemoneynow
only item 2 above will generate money, the rest are spending money.
kitan deal cost usd18M @ 2500 bpd....
wonder what production asset will hibiscus get with usd18M?
or raise additional money again to buy the europe production asset?

Stock

2015-05-30 10:15 | Report Abuse

@DC
no news nothing from sumatec mgmt....
how to keep watching?
only keep watching your gelek video...:-)

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DreamConqueror Keep watching out for latest developments regarding RI ...
30/05/2015 01:30

Stock

2015-05-02 17:10 | Report Abuse

it would be interesting to hear @strategisst comment/review on the audited account 2014...

Stock

2015-04-29 23:14 | Report Abuse

@derrickinvestor
next week la....
wait refund money for unsuccessfull IPO Malakoff application...
-------------------------
derrickinvestor tomorrow sumatec sky rocket...
29/04/2015 21:04

Stock

2015-04-17 19:17 | Report Abuse

@ozzie75
TH.... Tabung Haji.....
rumour monger only.....
no need to be serious....
have a good weekend... :)

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2015-04-17 15:25 | Report Abuse

confirm look alike....
not sure really them...

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2015-04-17 15:13 | Report Abuse

just saw look alike CD, CMY or CYP & few others in TH building....
lobbying TH to invest in Sumatec???

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2015-04-16 17:41 | Report Abuse

@donlee27
Higher RI price seems logical...
To cover currency fluctuation...
The proposal is based on 1USD=RM3.50......
Today 1USD=RM3.65........

---------------------------------
donlee27 5 days closing price avg 0.22 ? Announcement soon.....?
16/04/2015 16:53

Stock

2015-04-14 20:01 | Report Abuse

@ benjamin12
Scenario 1:
Assuming you intend to subscribe to RI and have the money standby.
Theoretically, the price will up to make RI attractive, say RM0.30.
Buy now as current price is RM0.22 and RI price is RM0.20, potential price up is more than price down as it is limited to RM0.20. Sell when reach TP RM0.30 or before ex-date. Then the money can be used to subscribe the RI at RM0.20.
Risk: The price did not go up, instead going down then you lose some more. If price below RM0.20 then the RI is not attractive and useless, then Sumatec might as well cancel the RI.
Scenario 2:
Assuming you do not intend to subscribe to RI.
Wait for the TP RM0.30 (or higher) or before/by ex-date, cut loss and sell your OR shares and if you still interested in Sumatec, buy back when/after the RI is done and listed.
Scenario 3:
Still do not know what to do, then ask/discuss with your remisier.
----------------------------------------------------
benjamin12 I need some advise, im holding for quite long now and my cost at 0.50, my question is will this RI help me? What are my options? please advise
14/04/2015 16:36

Stock

2015-04-13 15:24 | Report Abuse

@earlybird88
as per tentative schedule, book closure date announcement and abridge prospectus by mid april.
guess no action till then as to maintain the 5D-VWAP with some % discount for RI price rm0.20.
the schedule also stated end april for ex-date.
refer the EGM circular pg 65 for the schedule.
------------------------------------
earlybird88 when the RI ex date ? not announce yet?
13/04/2015 11:59

Stock

2015-03-27 00:02 | Report Abuse

@6868
refer link below, amended announcement made on 26/2/2015...
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1886973

only 6.591M new WB out of 567.653M existing WB.
very minimal dilution.

if my calculation is right based on the ratio, the adjusted exercise price would be 0.1729, rounding up or down to 0.172 or 0.173 from current 0.175
----------------------------------------
6868 Warrants will be adjusted in terms of quantum and or exercise price to reflect tbe dilution of shares under tbe ri to be equitable to holders. I mean you cant penalise hders of existing w just because of your rights issue. For eg instead of 175c now the exercise pri e could be adjusted to say 155c. How the w perform would depend on mother share and or mkt perception. Wb lowest was 11c when mother was 165c.

Stock

2015-03-26 01:18 | Report Abuse

comparing asset value based on 2P reserves:
Sona: 40% (12.5 Mbbl net @ usd 250M) ~ 250/12.5 = usd 20/bbl (cost)
Cliq: 51% (20.1 Mbbl net @ usd 117.3M) ~ 117.3/20.1 = usd 5.84/bbl (cost)
Hibiscus: 25% (4.25 Mbbl net @ usd 18M) ~ 18/4.25 = usd 4.24/bbl (cost - Talisman Kitan field - pending approval)
Sumatec: 100% (68.87 Mbbl net @ usd 190M) ~ 190/68.87 = usd 2.76/bbl (cost)

News & Blogs

2015-03-22 20:21 | Report Abuse

@johnny cash....
hudud law indeed for muslim only...
no wonder still lot of brouhaha from non muslim....
still misinformed that hudud law for muslim and nonmuslim...
sigh........

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johnny cash If they want to run the hududs laws run it on muslims only not to other races...
22/03/2015 11:36

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2015-03-21 18:31 | Report Abuse

@eric
malaysian insider news...(not the news portal)
if you have extra money that will be idle for two weeks ie before RI.....
just buy.... sumatec will be goreng to at least 0.33 ++ for RI to materialise...
then you can average down your 5600 units...
if you afraid or not confident, sell @0.28... 1st tp....
(disclaimer: my wishful thinking)
-------------------------------------------
eric_b7b holly.shit....

is.that true halim the buaya will push up b4 ri?
im holding suma wb at 38 cents x 100 small.lot and suma mother 5600 unit at 56 cents
21/03/2015 17:45

Stock

2015-03-20 00:55 | Report Abuse

@vinoth
1) You may refer to 2013 regularisation plan.... CYP, the substantial shareholder required to reduce gradually his shareholding.
2) Refer to PDZ recent dealing with Kenmakmur, CYP's company. he needs to materialise this dealing as it also in a way involve Sumatec gas development. he may want to control PDZ (as TSHS controls Sumatec) because the deal involve profit guarantee to PDZ by Kenmakmur, ie rather than from right pocket to someone's else pocket, it is better from own right pocket to own left pocket...

-----------------------------
vinoth Why does CYP want to dispose everything?
19/03/2015 08:32

Stock

2015-03-20 00:30 | Report Abuse

@komnas
You can refer @sapumalaysia (thank you..) summary/comment done within hours of the circular issued, as reference while reading the so tebal circular...
-----------------------
komnas So tebal and lots of info.
19/03/2015 21:03

Stock

2015-03-20 00:22 | Report Abuse

@6868
My guess of capt looiks remain the same.
that's why he got caught off-guarded last friday, announcement for insider/directors dealing does not need go through Advisor(M&A Sec), Sumatec can announce direct to Bursa.
he was expecting a showtime on 17/3, alas the EGM notice issued a day earlier ie 16/3, eventhough the notice dated 17/3. only the circular issued at actual date of 17/3 as it involve M&A Sec as the advisor.

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Stock: [SUMATEC]: SUMATEC RESOURCES BHD
Oct 16, 2014 06:34 PM | Report Abuse

@Ring
My guess all this while....
Capt Looiks is from M&A.... handling Sumatec dealing with Bursa...
Most of his insider news almost correct only relating to Suma and Bursa...
And his view on Suma vs market always positive even with current condition...
(Disclaimer - just guessing)

-------------------------------
6868 I reckon @looiks is a retired old man who has been in the market since paper shuffling days and probably has vested interest in Suma for a long time and pretend to be big investor working or a 'boss' and someone with insider knowledge or he could be a trader or a group of traders with a very well conceived modus operandi to deserve and misled this forum for his own benefit and he has actually indirectly confessed to it in his gibberish riddles. so yeap trade at your own risk but for many the harm is done and can only piece together the on goings and act accordingly.
19/03/2015 14:02

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2015-03-17 21:34 | Report Abuse

@beruang emas
RI .............
RTO Imdb :):):)

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beruang emas 6868 my favourite guy.care to define what is RI?
17/03/2015 20:13

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2015-02-12 14:09 | Report Abuse

@rikki, @munyluver....
It is drilling exploration well not production well.
Money spending again without income.

Stock

2015-01-26 20:23 | Report Abuse

CD & CYP sold a portion of Suma shares.....
The possibility.......
1) Sumatec not performing well?
2) CNY pocket money?
3) Buy PDZ for RI?
4) mmmm ????

Stock

2015-01-20 09:17 | Report Abuse

@richkid.......
DJ close yesterday......
that was 16 jan closed.
--------------------------
Dow up 190 points!!!

Stock

2015-01-19 20:16 | Report Abuse

@strategisst, @tklim
thanks for the input/reminder...

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2015-01-19 17:55 | Report Abuse

@strategisst......
What is your opinion on today's movement?

-------------------------------------------------
strategisst Bro tklim.. Based on my experience with Suma, if the volume suddenly surge together with price then it is a break-out signal for me to trade.... :)
17/01/2015 22:10

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2015-01-14 13:59 | Report Abuse

@ozzie75...
received the msg this morning 10:00 am...

Stock

2015-01-14 13:13 | Report Abuse

@strategisst....
fyi.... msg from Maybank IB...
"Systech (0050) TP 0.305/0.335 STOP LOSS 0.225"

Stock

2014-12-14 02:41 | Report Abuse

@HalimS55
You may refer to link below;
http://announcements.bursamalaysia.com/EDMS/subweb.nsf/all/106CC47CF8390E8048257B7B00265AD4/$File/SUMATEC-Cover%20to%20Page%20179.pdf

Document page 11: Section 2.1.2 (v);
The service fee more or less is tied to the Oil Price, as Sumatec will be paid based on 100% oil net profit for the first 2M barrel and 50% thereafter.

For gas, there is a separate Gas Development Agreement:
http://announcements.bursamalaysia.com/edms/edmswebh.nsf/all/FAAD6BB307E350D548257C4F005D81BC/$File/Sumatec%20-%20Proposed%20Gas%20Development.pdf

Document page 1: Section 4.2 Fee for Services;
Sumatec will be paid USD 45M for 3 years (2014-2016) for the work done on developing gas field.

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HalimS55 DreamHunter You're so still obsessed with the production cost figure for Suma, HalimS55.

I told ya umpteen tines already, Suma's earnings for the next several years will come mainly from fees earned as a contract operator, rather than selling of oil.

Do you hv no ability to listen?


Really????

Oh my god


This is good news


Thanks dreamhunter


But any proven ducumemt or account report??

Coz I really dunno it

Hope u guide us

Dreamhunter : are you management sumatec staff??

Why u know so much
13/12/2014 13:22

Stock

2014-12-12 01:33 | Report Abuse

@L2
The previous bull run.....
CFO bought 10M + 10M shares.....
Then the next day, the CFO sold 20M shares in one go....

Then the appointment of JR (Johari Razak) as Independent Director..
Then JR sold a portion of his shares for Hari Raya celebration..

Then market brouhaha superbull lead by penny stock....
Then Investment Bank issued internal note for margin financing restriction....

Then market collapsed......

Will the above happen again?????

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Posted by L2 > Dec 11, 2014 06:16 PM | Report Abuse

CFO bought half mil shares...
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1822605

Stock

2014-12-12 01:13 | Report Abuse

@superbear
You may want to know the term of Proved(P) and Contingent(C).
Refer to link below:
http://www.spe.org/industry/docs/PRMS_guide_non_tech.pdf

The proved reserve increase due to the "C" is upgraded to "P".

Sumatec also do the same thing.
Refer to Sumatec press release 23rd June on the reserve update.
The 2P reserved was upgraded by additional 10M bbl.


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Posted by superbear > Dec 11, 2014 10:15 PM | Report Abuse

As you can see Middle East proved reserves always increase, they never decrease no matter how much oil is pumped from those reserves every year. And the worlds media accepts this nonsense without question. I once heard a reporter on CNBC point to the increase in world proved reserves in the decade of the 80s as proof that we are finding massive amounts of new oil all the time. No one bothered to point out that all this oil was found in board rooms by bureaucrats who simply “decided” this was how much oil they had.

http://peakoilbarrel.com/world-proved-oil-reserves-fact-fiction/

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2014-12-06 22:54 | Report Abuse

@YkJohn11
No good news la.......
The capt already said to enter on boxing day ie 26 Dec...

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Looiks Good eveng...he..he.. but afternoon here. Suma still moving around 20-25. Oil price taking a 'coffee break'. Go for yearend holiday and might be good to enter at boxing day. See u all on and off.
04/12/2014 21:56

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2014-12-04 02:32 | Report Abuse

@YkJohn11

Sumatec has proven its business is legitimate and tangible from regularisation to Q3.

Be realistic.
Accept the fact that Sumatec is in severe downtrend.
Not only Sumatec, other counters also affected by the bearish oil price and KLSE.
OPEC decision has nailed the crude oil price to stay low and downward.
Just let the bearish crude oil and Sumatec price take its own course to stabilise.

As mentioned earlier, below USD60 is Sumatec breakeven.
Currently Brent is lingering around USD70, another USD10 to go – so let it be.

Sumatec to go RM0.185 (net asset), to RM0.14 (par value) or further down – let it be.
Sumatec more or less is tied with oil price volatility.
Management, TSHS or investors not supporting Sumatec price is an acute business decision.
What is the need to spend to fight against the bearish crowd and market sentiment – let it be.
Follow the flow…..

Already paper loss/cut loss/averaged down – let it be.
Stay sideline and if possible standby bullet.

Lamenting emotionally everyday on the price drop is not good for health.
Swing your mood and emotion, be positive.
Instead of moaning, be eagerly waiting to grab Sumatec share (of course not now…).
Like hidden dragon crouching tiger, preying for handsomely reward when the opportunities arise.

Oil price drop, Sumatec price drop – let it be.
Do not be blinded with sudden price up, it is just a knee jerk reaction in bearish market.
Sumatec trend….. Morning up…. Afternoon down… (Immediate opportunity for shorting)

Que Sera Sera
What ever will be… will be…

DISCLAIMER
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Posted by YkJohn11 > Dec 3, 2014 08:42 PM | Report Abuse

Nomanland:

I also hold

Even very sad

Drop like hell

Loss like 60%

Stock

2014-12-03 17:28 | Report Abuse

@greddym3
You are right.
Short selling is haram.
In fact, KLSE regulation also not allow short selling.
Only RSS, Regulated Short Selling is allowed to the selected few with strict requitement.
What Noraini is doing/done, actually sell first then buy back later.
This is okay as she sell her already owned shares, and later within same day or next day or any other day when the price is lower, she buy back.
The exact term of short selling, ie sell shares that is not owned/yours and later buy back the shares that already been sold earlier, this is the one that is haram.

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greddym3 No offence to anybody but short selling is haram in Islam.
03/12/2014 15:30

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2014-12-02 01:47 | Report Abuse

@Ring
Refer to the link below;
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1304189

Open the first pdf file;
Refer to document page 10
Section 2.1.2 (iii) (c) Refundable Performance Deposit & (d) Royalties payable to COG
The USD 5 per barrel royalty is set-off with the performance deposit.

My understanding the Cardwell Workover Rig, Sumatec rent/buy?? from Ukraine and that was also one of the reason the delay in initial workover programme waiting for the Cardwell to arrive.
Appreciate if you can share what are the American assets you are referring to?

Page 13 & 14: Kazakhstan Tax Structure


Refer to second pdf file;
Document page 208 & 209: Fluctuation of Crude Oil Price:
“Sumatec’s anticipated break even oil price USD 60 per barrel”

Page 212-215; Forecasted/Projected Revenue & Profit
And especially page 215 for the FYE 2014 with fluctuation of oil price (-15%).


@makemoneynow & @TigerSumantara
Information on Semua shipping is available in the first pdf file.
Refer to page 32-37; 3.7: Proposed Disposal
3.7.2 Other Salient Terms of the SPA; page 36 Section (iii)
Please advise as I am not from legal nor accounting background, whether this section (iii) specifically releases Sumatec from any liabilities.

The third pdf file;
From page 534-542; information on the valuation on Semua shipping vessels.




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Ring Saudi says they r comfortable with 80.All i know Suma secretive about their production cost besides they hv to pay royalty etc n they using American assets to drill which is expensive.Any expert @ 80 what is d profit/barrel???????..tks

Stock

2014-11-30 04:51 | Report Abuse

Sumatec Post QR3:
Everyone ??? (mostly) was only interested whether Sumatec can make profit on this QR3.
Well, Sumatec done it, in fact doubled from RM 7.2M to RM 14.5M with revenue from RM 13.7 to RM 24.8M.
For me, I am more interested on the oil production.
As Sumatec is venturing to totally new business (from downstream to upstream), the growth/progress of the oil production is more important.
Sumatec business model in my view is organic growth (venturing and buying stagnant business entity – low cost) and develop the asset/production.
Compare to SPAC companies which targeting companies with stable/existing production – high cost.
This is good for future growth as Sumatec is considered in the learning curve from A-Z and strengthening its foundation & structure in upstream business.
In QR2, there are 3 wells with 105 bpd vs QR3 with total 8 well and ??? bpd.
Though it is disappointed of not knowing the QR3 production (bpd), at least the number of workover wells is increased and hopefully can achieve the QR4 target of 12 workover oil wells and 4 gas test wells.
The target of 2000 bpd is remains to be seen at the end of QR4.
As reported in QR2, there were hick-ups in production that require certain wells to be installed with artificial pumps, therefore to not achieve the 2000 bpd production but completed the 12 oil wells and 4 gas wells will be sort of an achievement while the production can be ramp up later/in future.
The QR3 has shown that Sumatec is in legitimate business and growing (alas slow); not a “hot air balloon” business as claimed by the doubters/naysayers which bad-mouthing Sumatec & TSHS

There are 2 major risk factors associated with Sumatec business:
1) Drilling and production risks – this is internal factor.
This is Sumatec responsibility and Sumatec has proven that they have the mean and ability to overcome these risks to progress.
2) Oil price volatility – external factor.
Sumatec has no control on the volatility of market oil price.
As an investor (long term), its effect is lesser compare to trader/short term investor as the decision on holding/selling Sumatec shares correspond to oil price volatility.

Sumatec immediate/current price outlook:
Sentiment is very bearish.
Due to current crude oil price (last Friday big tumbled), WTI = USD 66 and Brent = USD 70.
Sumatec is peg/reference to Brent as the quality is higher than Brent.
Sumatec Friday price close; RM 0.255,
Monday may open and close low or crash (???).
Action on Monday morning before crash (???), sell half/all and buy back later to get more share with the same amount of money or average down later?
Later means when the price stabilise…. Who knows when?
How low can go, anybody guess?
Net asset (as of QR3 is RM 0.185) and par value is RM 0.14.

Sentiment next week to end December:
Currently oil majors, the like of Exxon, Chevron, BP and Shell their share price drops.
Back home Petronas Q3 profit drops 12%.
With WTI may touch USD 60 or lower, what would be the reaction of US Shale Oil Producers?
If Brent down to USD 65 or lower, it is anyone guess for Sumatec price.
How will the proposed acquisition of BE materialised?
Will the value of BE acquisition be reduced as the lower oil price seems to last long?
Does RI still on track with reduce price?
Or the RI cancel and Sumatec go for bank loan or sukuk?
Since already out of PN17, Sumatec is eligible to apply for bank loan.

Sumatec/insider news/action:
As an investor, we need to know what are the current production rate and the progress update.
What is the cost/barrel for Sumatec?
The available old info only shows the price as low as USD 80.
What is the breakeven price of oil for Sumatec?
The management need to say something (issue circular???) to Sumatec shareholders on the current situation (low oil price) and how this affects Sumatec.
The management/TSHS need to support the Sumatec price???
It will be a foolish decision (without any strong reason) to go against the current trend; let the market decide Sumatec price.

Sumatec QR4/Financial year 2014 forecast:
With lack of info on production (target 2000 bpd by year end), the forecast profit of RM 69M remains to be seen.
If 4 gas test wells completed, a guaranteed fee of USD 15M (separate contract for gas development in 3 yrs (2014-2016) for USD 45M fees, and subsequent sharing of USD 0.75 per thousand SCFD) then RM 69M is achievable.
USD 15M x 3.1 (usd rate) = RM 46.5M + RM 25.6M (profit up to QR3) = RM 72.1M.

DISCLAIMER

Stock

2014-11-27 20:26 | Report Abuse

@86868
Are you an insider?
Wonder how you get first hand info...

-------------------------------------------------------
86868 Here is the hint:

First quarter....Income derive from 4 oil well

Second quarter...Income derive from 8 oil well

Therefore...income and profit....increase or decrease?....
26/11/2014 23:10

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2014-11-18 18:49 | Report Abuse

QR negative.... possible to go up????

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2014-11-17 21:53 | Report Abuse

FYI
Received below email forwarded last week by a friend who contacted the CFO.
Since no news/rumours today regarding Board of Directors meeting approving the QR submission, guess 18/11 will not materialise.
Last year, the 18/11 was the QR date prior to rights share listing on 21/11/2013.
Historically, the QR was released at the end of month except for last year.
As per the email below, "before end of this months".

----------------------------------------------------
Dear Mr XXXXXXX

Thank you for your email below and your interest in Sumatec Resources Berhad.

We will be releasing our 3rd Quarter financial results before end of this months as scheduled. The announcement will include some updates on operations.

Thank you and regards

Roshidah Abdullah


Disclaimers

This message contains confidential information and is intended only for the individual named. If you are not the named addressee you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system. If you are not the intended recipient you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited.


Это сообщение содержит конфиденциальную информацию и предназначено только для адресата. Если вы не являетесь лицом, которому предназначается данное письмо, вы не должны распространять, рассылать или копировать это электронное письмо. Пожалуйста, сообщите немедленно отправителю по электронной почте, если вы получили это письмо по ошибке, и удалите это письмо из вашей системы. Если вы не являетесь предполагаемым получателем данного письма, вы уведомлены, что раскрытие, копирование, распространение или любые действия в отношении содержания данного письма строго запрещены.

Stock

2014-11-11 22:52 | Report Abuse

@DC
Ken Makmur framework agreement with CN Asia not materialised.
Now Ken Makmur doing the same framework agreement with PDZ.

Q: Why the same Ken Makmur agreement with Markmore (MELL) signed in 3 June 2014 has two version?
With CN Asia "to extract 600 metric tonne (“MT”)/day of LPG and 160 MT/day of condensate from the 100.0 million standard cubic feet(MMSCF) of gas supplied by MELL"
With PDZ "to extract 350 metric tonne (“MT”) per day of LPG and 100 MT per day of condensate from the 100.0 million standard cubic feet (“MMSCF”) of gas supplied by MELL"

CN Asia still can play a role (CYP & Wan Kamarudin bought CN Asia shares from Sumatec proceeds) as holder of Petronas licence process vessel fabricator.
The proposed LPG plant & TSHS Methanol plant need quite a number of process vessel.
Sumatec Rakushechnoye field also need to upgrade and to have new processing facilities which require process vessel.

PDZ will be the operator for LPG & Methanol plants.

News from Bloomberg Businessweek in Nov 29, 2013; MELL signed agreement with Petronas Chemical Bhd for the later to buy the methanol.
However, no announcement from Petronas Chemical in Bursa Announcement Section regarding this agreement.

As for TH Heavy???
Please enlighten......


-------------------------------------------------------------
Ya all hv seen the final confirmation of HS's link with and forthcoming entry into PDZ. After many months of speculation.

Watch out for a couple more similar jigsaw-completing, conglomerate-building initiatives.

DreamConqueror's inspired-guess potential candidates?

Ohhh, ummm, errr, wellll ...

CN Asia could be one, of course.

And the other one could be ... surprise, surprise ... ahem, ahem ...

TH Heavy?
11/11/2014 22:01

Stock

2014-10-28 03:52 | Report Abuse

@SANG-JERO; @ozzie75
You may refer to the link below; though it is an old document, it gives the idea of typical cash flow breakdown wrt all the taxes applicable and price per barrel.
Pls refer to page 443 @ 28/141; Figure 1-13

http://www.insage.com.my/ir/cmn/downloading.aspx?sFileName=13165000006618&sReportType=CIR

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2014-10-17 19:54 | Report Abuse

@leo218
It is the same proposal.
The proposed amendment is to facilitate proposed IASC.
"Increased in Authorised Share Capital".
Since no change in the overall proposal, ie RI at RM0.40.....
Next week forecast the price will rally above 40 cents.
(Disclaimer)

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leo218 Sumatec announcement got propose admendment but didnt mention wat is tat

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2014-10-17 03:32 | Report Abuse

@Marksmenship
If I understand correctly your below statement, Hibiscus will show profit in next quarterly report, ie QR3?
Pls note that till todate, the KITAN is still not done deal yet, pending approval of Timor gov/authority.
If the approval is received between now and end of year, the profit will only be shown in fourth quater result..

----------------------------------------------------
Up to now - they have nothing to show for. However, this will quickly change with their latest AUDITED account which will show them making good profits as a result of their success in securing the KITAN production of 2,500 per day which is captured from January 1, 2014. So the next quarterly report you will definitely see very positive reporting from them and they will become a producing company.........

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2014-10-16 18:34 | Report Abuse

@Ring
My guess all this while....
Capt Looiks is from M&A.... handling Sumatec dealing with Bursa...
Most of his insider news almost correct only relating to Suma and Bursa...
And his view on Suma vs market always positive even with current condition...
(Disclaimer - just guessing)

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However, MA Securities remains optimistic that Bursa would end on a high.

The research house is keeping its year-end target for KLCI at 1,930, a year-on-year gain of 3.4%, with an overweight call on the auto, banking, construction, telco and O&G sectors.

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2014-10-11 01:35 | Report Abuse

@dreamshitter
minor correction to your indepth analysis...
14 cents is the par value...
38 cents is the issue price for PP
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3. Private placement of 308,596,000 (308 million) at RM0.14 on August 5 - note that this 300 million shares are at 14 cents