https://in.finance.yahoo.com/news/pace-universitys-national-champion-monetary-184241720.html

@simon333: Go and pump up the 30 key index counters and I believe you have the capacity to break the 1700, yeah?

Be greedy for nothing.

3 key words: Up To Owner. :)

Good morning, folks. Hope my friends here get bailed out in time to come.

nomanland: welcome back. :)

What solid fund you are referring to, simon333?

be greedy for nothing..

Be greedy for nothing. :)

http://www.bloomberg.com/news/2014-12-17/asia-stocks-rise-before-fed-as-energy-utility-shares-lead-gains.html

@richkid: The FOMC meeting should be the spot-light event. Sentiments suggest that the rates is unlikely to increase in view that such move might further aggravate the global arena towards a similar 1998 crisis. Let's remain watchful.

Folks, exercise your individual discretion. We all have varying risk appetites. The international arena remain volatile and uncertain.

Good morning, folks.

Good morning, folks.

Dont think cyborg is a scare punter. :)

感谢各位的良言。感恩。

Good night, folks.

Noted your point, Cyborg. :)

Have a good evening, folks.

Have a good evening, folks.

Siva, noted your point. :) Glad to see you around.

No problem, zlchua. Glad to share. Preservation of capital is priority. Richkid is right, cash is king.

Remember: We don't have the sort of financial capacity like EPF too. :)

This is Peter Lim's baby. Should be in good hands.

Great, Ring. Let's all contribute and share.

zlchua: just to shed a little light on my current holdings: It is sitting at a reasonable revised entry cost net of prior profits made from IFCA, and as an estimate it is not exceeding 30% of the observed high prices, without going too specific. You would probably understand why I am holding to-date.

The business proposition of the Company remains viable in my opinion. Orionpacific had shared with us on the presence of EPF as new institutional investors, which breathe optimism for IFCA. That probably explained the quick reinstatement of the share price above 60 sen when it breached 58.5 sen yesterday. In the next couple of days, we might see a change in substantial shareholder announcement on the same. Also, that also infer the possible entry price range of EPF between 58.5 - 62 sen.

The market conditions isn't exactly fantastic, as you would have read from the write-ups from various fellow participants here. This would continue to plague the market as a whole for a reasonable period, and you might wish to consider weighing this against your risk tolerance scale and make a decision from there.

Glad to share. Not a buy or hold call. Cheers.

@zlchua: yes

Ring: I have the impression that you had cleared your holdings?

xxxx: : )

Russian, it is 2 nursery spoilt infants vying against one another.

http://www.bloomberg.com/news/2014-12-16/oil-drops-as-u-s-producers-seen-standing-ground-amid-opec-fight.html

http://www.bloomberg.com/news/2014-12-16/oil-drops-as-u-s-producers-seen-standing-ground-amid-opec-fight.html

See you then. Russian. It is good to have you around. :)

Don't you know who leeweiling is?

No need her dad to come in, the sister-in-law HC make a positive statement through her investment vehicle on Sumatec all of us would get > 400%:

http://www.theonlinecitizen.com/2009/03/mm-lee-on-marriage-and-his-daughter-dr-lee-wei-ling/


Posted by deepmarine > Dec 16, 2014 02:56 PM | Report Abuse

bracoli why say so? twice sumatec fly ady next year sure fly again wait one year for 400% return. On!
leeweiling, really?

Agree, DickyMe. Not just show, must be able to demonstrate too.

Thank you, bro. I was thinking 'otherwise' when I saw your statement.

Posted by strategisst > Dec 16, 2014 12:27 PM | Report Abuse

Yeap ozzie75... plus the gas fee..

strategisst: mainly on workover of existing wells?

And we have to rule out the alleged BE revenue in Q4 (?).

The workover wells is expected to be increased to 12, ramping up production to some 300+ bpd, by end Dec'14. Hey, isn't that 2 weeks from now? Can someone call Roshidah now? :)


Posted by strategisst > Dec 16, 2014 11:39 AM | Report Abuse

Bro stargazer1, based on Q314 results Sumatec has performed very well. My only concern then was on Receivables. Q414 should be better as oil is traded on forward basis and not on spot market. My concern now is Q115 and onwards.... We have to wait for the oil crisis to settle down to gauge on the impact on Sumatec financial position.

Bro strategisst: I remembered your advice on using 'he..he..' :)

No worries. This online forum is free to all to express their views and thoughts. No worries about that, my friend.

None of us want to be caught in the current situation. God knows how long the oil squeeze is going to last and meanwhile we either have the option to 1) exit or 2) to brave through the Caspian sea waters on the premise that going concern is not an issue for Sumatec, going forward.

As for now, I am more concerned on matters on the international arena that would materially impact Sumatec's operations.

Keep each other posted in progression.

Posted by stargazer1 > Dec 16, 2014 11:21 AM | Report Abuse

@ozzie75.. feel a bit apologetic to you for indirectly leading you to who the captain is. I guess we now know how much salt we have to take when reading his postings...I am sure you are wise enough to make your own investment decision..hahaha

I agree with you, stargazer1.

Bro strategisst, glad that you are still with us here. :) I am pretty sure that many folks would appreciate inputs from all to fathom what lies ahead and how to navigate their ways through the Caspian sea.

Is it real? :)

Posted by Lim Elson > Dec 16, 2014 11:09 AM | Report Abuse

wow.. support... so many buy in..

Speaking of the coming GST regime in 2015..

The successful roll-out of the GST regime across the Causeway back in 1 April 1994 [coincidentally 1 April here too. :)] was premised on a sustainable and stable economic structure.

Economically speaking, is the local ground ready? Hmmmm...we have our individual answers within.

@musashi57: a more 'lively' write-up on 1MDB.
http://www.asiasentinel.com/politics/malaysia-investment-fund-disaster/

@janjimanis2: Thanks for the link. Had shared with the folks here the article above. :)

Good advice, richkid.

xxxx: We should all take a break for now. Oil prices remain uncertain and let's hope for a breather within the 1st qtr of 2015. Meanwhile, keep our fingers crossed on the sustainability and going-concern of Sumatec.

I do agree with Bro Strategisst not to think about the RI. Simply said, someone sell you a Magnum that has a retail price of RM5 at RM2.50 in the midst of a blizzard. Would you buy it?

Let's keep each and all others posted in progression.

http://finance.yahoo.com/news/why-oil-down-half-means-173328110.html

@86868: the pivotal concern now is the oil prices, which I believe HS has no control over. Cheers.

Good morning, Strategisst. :)

Good morning, folks.
One fellow participant in another forum shared the below:

Financial Newspaper   | Tuesday, 16  December 2014 

16 December 2014  |  Financial  |  Source: Bernama

KUALA LUMPUR,  (Bernama) -- The recent slide in the value of the ringgit against the US and Singapore dollars will not adversely affect Malaysia's economy, says Deputy Finance Minister Datuk Ahmad Maslan.He said the economy would grow within expectations in 2015 and the ringgit would remain stable in the long term and could still appreciate against several major currencies like the yen and euro.Ahmad said Bank Negara Malaysia recently briefed ministries on the impact of the weakening ringgit and the possibility of the national income declining with the slump in global oil prices.The situation is not yet worrying and the gross domestic product figures will not be revised in the near future although the government will monitor any negative impacts and make any announcement if necessary, he said."The depreciation of the ringgit should not be seen only in a negative light, as it could also enhance tourism and exports and benefit certain sectors," he said after witnessing the signing of an agreement on the construction of a children's specialist hospital at Universiti Kebangsaan Malaysia.Budget 2015 is also on the right track even with national oil company Petronas recently suggesting the possibility of a reduced dividend payout to the government if oil prices remain at current levels, he said, pointing out that the recent subsidy rationalisation measures have reduced the subsidy burden on the government to RM19 billion this year from RM23.5 billion last year.Ahmad said he also does not see any delays to current mega projects

Financial Newspaper   | Tuesday, 16  December 2014 

16 December 2014  |  Financial  |  Source: Bernama

KUALA LUMPUR,  (Bernama) -- The recent slide in the value of the ringgit against the US and Singapore dollars will not adversely affect Malaysia's economy, says Deputy Finance Minister Datuk Ahmad Maslan.He said the economy would grow within expectations in 2015 and the ringgit would remain stable in the long term and could still appreciate against several major currencies like the yen and euro.Ahmad said Bank Negara Malaysia recently briefed ministries on the impact of the weakening ringgit and the possibility of the national income declining with the slump in global oil prices.The situation is not yet worrying and the gross domestic product figures will not be revised in the near future although the government will monitor any negative impacts and make any announcement if necessary, he said."The depreciation of the ringgit should not be seen only in a negative light, as it could also enhance tourism and exports and benefit certain sectors," he said after witnessing the signing of an agreement on the construction of a children's specialist hospital at Universiti Kebangsaan Malaysia.Budget 2015 is also on the right track even with national oil company Petronas recently suggesting the possibility of a reduced dividend payout to the government if oil prices remain at current levels, he said, pointing out that the recent subsidy rationalisation measures have reduced the subsidy burden on the government to RM19 billion this year from RM23.5 billion last year.Ahmad said he also does not see any delays to current mega projects

Good morning, folks. Thanks to janjimanis2 who shared the link
Cheers.