Post removed.Why?

Is it? Where to find this refundable deposit in the recent quarterly results ah? Aiyoyoyo..

TheMiddle If suma not purchase buzzachi oil field, the deposit of usd30million is still refundable. Many people don't know this thing, keep nt confident to future. It is written in annual report 2015.

09/06/2016 09:36

An MOU does not create any legal binding obligations on either parties. Be careful, richkid.

Kudos, Tan Sri. Navigate us to the legacy of our lifetime. :)
https://m.youtube.com/watch?v=kmXzeYvqiXQ

Yeah, I hug my family to sleep every night. :)
And that RM 54m is just a fraction of the whole contingent liability bucket of RM 316m. Oops..are we talking too much to chill the folks? :)
Let's get back to what we are doing, poor comrade workhorses. :)

Haa..it might be a situation of trying to demonstrate 'all possible efforts had been exhausted to recover these balances over a reasonable period' that led us to 'no choice but to serve a winding up petition'?

@nomanland: To my knowledge, Hoe Leong (the SG listed co mentioned hereby: https://www.marinemoneyoffshore.com/node/4135) had 'not seen the sunlight' since putting their hands into Semua, and I believe this indirectly affirm my belief that the lease termination is commercial viability driven. :)

I do not have references but I would associate the termination with poor business conditions of Semua.

Maybe they might serve a whole camel this round over steak and kfc? hehe...

More ghost story tellers to pop up and dubious prophetic characters should manifest themselves in time to come, I guess. :)

nomanland Next 2 months will be interesting. For RI at 0.140 to be successful, certain acknowledgement or announcement of sumatec activity at the Caspian sea such "a new oil field", "selling fart gas", or something out of thin air. ;)

I have been monitoring on the "accumulation" for past month and resistance level. One great wall of Sumatec.

As for the Exim loan, something big is cooking at sumatec's backyard. Possible steak instead of kfc.

08/06/2016 12:51

Accumulation chould have been ongoing for weeks, I think.

ha....while lenders remain highly prudent over giving loans to upstream oil companies whereas in the case of Sumatec the Exim loan materialise. Somehow, I took comfort in this as somehow indicating that those Caspian brown fields are viable (?) still. hahaha...I miss the kazak sensation!

@nomanland: Seems to me too that something is brewing...or we both are just overly obsessive over Caspian oil? Oops. The article which I shared last night on the sale of assets by Shell could be considered too to assess the 1) possible & 2) probable direction of oil price outlook in particular the CEO held the view of a 'realistic 60 for oil per barrel, to be 3) proven in time to come though.

Moving ahead, the contingent liability exposure is something to be considered too.

Maybe 'Captain' is accumulating behind the scene and making a comeback soon as part of his/her 2-year contract?

Posted by nomanland > Jun 8, 2016 12:06 PM | Report Abuse

Bro ozzie75, by looking at current oil events and Sumatec's volume, something is going to happen. Just a guts feeling. Refer to those link I passed to you.

I might want to collect more bricks, again.

nomanland: bro..:) Bricked...

http://www.cnbc.com/2016/06/07/shell-promises-stronger-returns-amid-volatile-oil-landscape.html

Nomanland: thanks for the update. Good night. He..

Have a good evening, folks. :)

looks like under control? You believe in fair play in Bursa? :)

Vsurf seems to be a tel-co related company.

Inventure Conglomerate seems to be a PC hardware company and maybe the acquisition could be an initiative to improve the ICT distribution business.

Might be wrong though. :)

qingqingqing MmAG will acquire 2 ikan bilis company....in my opinion nothing benefit to MMAG

01/06/2016 23:25

Non-current assets (RM'000)
Property, plant and equipment 4,130
Intangible asset 301,288
Trade and other receivables 208,818

Sifu, can enlighten what is intangible asset in the above extract from Sumatec's statement of financial position (by the way, what is financial position ah?)

Nta got intangible asset ah? or company tangible asset ah?

TheMiddle Nta is current valuation of company tangible asset . Shareholders can get the value if sell off it all but the value will be push down if buyer do so.

02/06/2016 08:54

Have a good evening, folks.

@calvintaneng: You seems delighted and makes you feel superior by slamming prior participants of IFCA, aren't you?

Abang: thanks for the pointers. Reckon Exim could have assessed that probable exposure when reviewing the financial commitments of the Company. :)

Abang: You think Exim c/would had carelessly overlook the recent legal exposure while considering the loan application earlier?

Aiyoyoyo...leoleo...it is unrealised item.. :)

Emo: I can see that you are a 'recycling pro'.

Or this one:
http://www.financetwitter.com/2014/07/meet-sabina-altynbekova-the-volleyball-babe-whose-beauty-attracts-crazy-fans-photo.html


Posted by duitKWSPkita > May 27, 2016 05:07 PM | Report Abuse

Ozzie...
why ur link this thing come out?http://badmintonzone.blogspot.my/2014/07/gronya-somerville-is-so-beautiful.html

Boss, ok lah. 3 bowls of rice no problem. :)


Posted by duitKWSPkita > May 27, 2016 05:05 PM | Report Abuse

Ozzie75 boss....how ur fish now???

aiyoyoyo...dragon...

Kway chap? yummm.....
http://umami.typepad.com/.a/6a00d8341d6c2753ef017d3c695f99970c-pi

I do not think I make prophetic comments that something will happen in Aug, Rather, it should be some prophet(s) out there. What I did say sometime last year was typically a transformation would take time, whereby 18 months could be a reasonable timeframe to assess the capabilities of the new management. I am vested mainly on this trial experience. Cheers.

In its on-going transition under new ownership and transformation, I remain prudent on its results.

Maybe we might see the qtr results end of today on Bursa. :)

:) Alright.

Posted by nomanland > May 26, 2016 04:10 PM | Report Abuse

Jajalala, at least you will not get stuck at high price. The highest you can get stuck is around 0.14 and if it ever break the 014, 018, and 0.20 you can easily sell way later (sometime in 2017) for higher price than the 0.20, possible at 0.40 (Nomanland, sound very optimistic.)

This counter is solely on oil. They suck oil from the ground, and later they collect fart gas. Both are for sell. Want to buy? Now, very cheap only 0.115 and 0.110. Next month, hmm! I don't think you can buy at 0.115, most probably higher a little bit. What are the chances for you to get, say, 0.110 or 0.100? Possible. you have to queue to try your luck.

I have full confident of not getting those low price. Huh! Hmm.

I think I am writing nonsense here. Its must be the flu and cold that I am having after taking to some medication.

Jajalala, have a good day. Happy trading, yo!

Abang: there is always a time for everything for everyone. :) take it easy. dragon is ok, i think. Dragon: ho say! Steady boon bi bi.

He............
He............
He............
Abang...it is not 'hym'......

Aiyaya..:)

:)

Posted by richkid > May 12, 2016 04:22 PM | Report Abuse

Previous time it dropped to 46 sen before rebound. So this might be a 'dead cat' bounce. Be careful.

vsolar? on the strength of credit Suisse ah? :)

Abang: Terima kasih. :) Lots to learn from you, so not sure, I ask. :)

Noraini, you are back. :)

abang: I remembered quite some time back you commented that you saw a compromise in its fundamentals. With the inception of the EXIM project financing loan, what is your current view? No obligation. Friendly discussion.

Did Arul Kanda 'bend over' for the Arabs? He's paid to do the job afterall, yeah?

I know. :) So it's an oil theme or gas theme now?

Posted by Leoleo > May 12, 2016 10:42 AM | Report Abuse

Gas. The oil one need to get right issue done leih.

Posted by Leoleo > May 12, 2016 10:41 AM | Report Abuse

Ozzie http://www.theedgemarkets.com/my/article/sumatec-seeks-financing-gas-pipeline-construction-kazakhstan

500m loan for oil or gas ah? to monetise oil or gas? Aiyoooo...dun know leh. can someone enlighten me?

Posted by Leoleo > May 12, 2016 08:18 AM | Report Abuse

Brent 47 lor. Suma selling brent oil right kikiki

Agree. Do one's own homework always.

Posted by Jonathan Keung > May 12, 2016 09:18 AM | Report Abuse

i am not in a position to say KYY is right or wrong in his postings. Bear in mind he never asked you or me to buy. If you read his postings KYY only mentioned this particular stock is undervalued ( he will add on he is holding or buying )

some people tend to jump in and like a herd mentality joined in the buying. I always believed you need to do your home work and never relied 100% on any postings. Oh ! i missed out KYY tells you what he made but on ther hand KYY never tell what he lost.


KYY is a different investor . he have money and he can hold ---- long time. but how many of us really have the means to lock in 100K or 200K. this you need to answer yourself. Have a good trading day

The fundamental issue is still a 3 word sentence "Another default coming?"..

DE: :)
Have a good evening, folks.

This clown is literally making me laugh with the brainless comment made. Aiyooo..Is the IPO in Bursa? Rakyat participate in Bursa too? Borrowings in excess of asset value..what happened to stock price? Subscribers buy high sell low (and maybe lower) who suffer in the end?...F minister...laugh to the max...

http://www.theedgemarkets.com/my/article/najib-1mdbs-problems-due-failure-issue-ipo

Or he meant to imply confidently that the government (and the rakyat) has no choice but to honour all debts?

HEROLAI governer bank negara cakap confident, that goverment will honour all debts.. itulah yang takut. Takut gov guna wang rakyat lagi...

11/05/2016 15:06