Noraini: noted. terima kasih. :)
Newbies..make sure you are adequately insured and can tahan 'deep sea diving'. :)

and this reinforces my all along belief that charts are created and can always be created by humans in the absence of fair play.

Abang: Hope we see the historical 264% surge relive on chart :)

strategisst Friendly reminder : the price and volume surged is purely 'goreng play' and it creates favorable technical readings based on TA.....so please act accordingly.... :)

6868: Indeed we had not seen those spectacular price movements for a while. Good show and consolation for loyal pax. That is what I appreciate about this counter. Unpredictable and constantly challenging one's patience level by level.

@DreamEmperor: I have to acknowledge the part that we are all individually responsible for our own decisions.

6868: we should get there. sometimes it just require a longer route and now that the 100/barrel is remote the rational move would be a downscale of individual expectation and manage progressively.

I am not sure how true it is but on the point on HS bad reputation I did indeed heard from peers that many institutions are reluctant to work with him and which they have pointed out an example when the analysts were not prepared to extend coverage on Sumatec subsequent to its briefing sometime in 2014. Guess the Renong scare still haunt a reasonable extent? Ouch. And this led me to think of someone here who might be able to share some thoughts based on his extensive industry experience based on what i read thus far...Abang..:)

Hopefully I have the final laugh towards my peers who had 'chided me out of goodwill' for staying vested. I know some of you guys are reading this and you know who I am and you all know I never put all eggs in a single basket. :)

6868: Certainly, from an investor standpoint. Considering the amount of work and time involved by Halim to orchestrate the pipeline of events, I think the overall business proposition is reasonably legitimate, and that kept me vested these while. I hope the bailout would come for many of the fellow investors who had their hard-earned funds parked at high levels. :)

I dun think they were classmates in view of their age difference and one qualified as chartered accountant from England (HM) while the other from Nèw Zealand (HS). :)

This is how sumatec forum should be like. :) syiok syiok, happening and lively. :)
Enjoy the rest of your weekend, folks.

aiyo, dragon bro, I also plug and play based on my customer's free advice. I never study much how to answer for clever people? also good lah....my customer say young people now want quick answers macam like go McDonalds buy fast food...if dont give effort later half-bucket plofessional and always want to take shortcut how? Aiyoo..lucky I do labour work, no need to think so much everyday can have my makan enuff already..hehehe

haha, Duit, going to. Happened to see this yesterday so I cycled to one of my customers whom I clean the family house for a living, and the boss is accountant so i asked if can help this student.

Aiyo..I no study much last time think simple just hope the student can pass exam and get paper and get good job and better life next time. Plofessional charge so expensive just to talk talk students how to afford and parents lagi headache. God bless the kid.

Good nite, my friend. ;)

@ 玖杰: your friend could consider downloading the pdf file right at the bottom of this web page, and take a look at Section 290. Good luck.
http://www.mia.org.my/handbook/bylaws_new/

@Martinbartesque: for your convenience...
Six (6) Rights Share for every five (5) existing SUMATEC Shares held together with one (1) Right Warrant for every two (2) Rights Shares Indicative Rights Issue price RM0.20

terima kasih, abang. :)

Strategisst: Bro, u reckon the business proposition is pure play? :)

I look forward to halim unveil the masterplan gradually. :)

Ring: see http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=22639984

Ring: Halim has an existing methanol sale agreement with Petronas.

this is one real quick way of getting Grant Thornton to be investigated by the regulatory accounting body. insider news indeed and an alleged lack of confidentiality. and your friend should love you for this if he loses his job.:)


Posted by orgkaya > Mar 14, 2015 10:43 AM | Report Abuse 

i have insider news.my friend is an auditor for sumatec.HS wants to push this share up.the reason this share is under 30c due to the current oil price.

6868: Sleep early. Good nite, my friend. :)

First time i see people post case study for answers. so cute.  

MPStudent: might wish to consider:

http://www.icaew.com/en/technical/ethics/auditor-independence/auditor-independence-approach 

http://www.mia.org.my/handbook/bylaws/pIB290-1.html

I no expert. just comfortable with googling. :)

syiok syiok as an early bird.

I hope to meet up some long time friends stationed at level 4 - 6.:)

Halim, loyal pax deserves 'golden goreng pisang'...all loyal paxes.

Yeah! My long lost & found veterans.

It is high time that CYP makes his graceful exit from Sumatec, based on his selling volume.

Have a good weekend, folks

Have a good weekend, folks.

Captain: Was that you from 3.45pm onwards today?

http://www.thestar.com.my/Business/Business-News/2015/03/13/Halim-Saad-raises-stake-in-Sumatec-Resources/?style=biz

http://www.theedgemarkets.com/my/article/halim-saad-ups-stake-sumatec-2317?type=Markets

Hope to see the veterans back. I miss all of them. :)

Been a while since your last test run. :)

over take or take over?

Posted by strategisst > Mar 13, 2015 02:33 PM | Report Abuse

.....or take over ifca.... hohoho...wow... :)

He is Sumatec..no need to take over.

Posted by vick > Mar 13, 2015 02:34 PM | Report Abuse

Halim want take over sumatec

Simon84: Minimum paid-up capital for Sdn Bhd is 2 ringgit. We build up a business plan to raise funds from investors without tapping into our hard-earned savings. :)

1MDB: No.1 Malaysia's Destructive Bomb or No.1 Malaysia Dodgy Business

I have a suggestion: Each of us come up with RM1 each and start a small cleaning sdn bhd. :)

Not PETRONAS? :)

Posted by ken2266 > Mar 13, 2015 02:14 PM | Report Abuse

your imagination run very wild. i thought HS bought share to take over Maybank and CIMB.. he will get ready

Cleaner also decent and humble job. Don't see them no up. They are professionals in environmental management too. :)

So now we know that Halim took over the 40m shares from CYP.

Don New http://www.bursamalaysia.com/market/listed-companies/company-announcements/1901817

Today announcement.. Hakim Saab acquired 40M sumatec @0.205

13/03/2015 13:14

Good entertainment for a Friday. :)

Good morning, folks

Good morning, folks

@Jason Choong: you can always refer to the quarter reports for the Company's bottomline.

you believe, Orson Chin?

there is a time for everything

Have a good evening, folks

Have a good evening, folks

Good to see the crowd here. :)

Cabinet approves RM950m as standing credit for debt-laden 1MDB, says Ahmad Husni

what the...ouch.

Good morning, Captain

...wow..:)

Good morning, folks