their projected EPS is 1.29 after MSTSB acquisition..

so currentlyly they are trading at about PERx10 only...look at other companies like Censof, MyEG, Willowgen, IFCA...all trading at more than 20x....

so the potential is there...as it is undervalued company...
let say they can hit 25x...Fair value RM0.33...

that';s nearly > 100% upside

@ran777 Kenanga <--> TP0.45 <--> Norges <--> SUMA

good one...I see the linkage now

this is until end of this year...but if you take a longer term view 4 year...where SUMA is forcasting to do 25000-3000boepd...the price for sure more than >> RM3...

RM69million profit year end. Gas development pay of USD15million this year, i.e. RM45million.
total RM114million expected.

EPS RM0.036...taking a conservative PER of 20x..this works out the price per share RM0.75 at least...

An previous sumatec buyer who already sold out yesterday

Pls lah. ...Hibiscus 4 yrs already....anywhere near 25kbpd

cakar takpe...asalkan jangan kasi telur kosong macam EAH...hehehehe

joking ya...dun angry

lahh...mai lagi budak ni

next wall 0.45

congrats

habis???
again...don't time the market...buy and stay invested..

don't be like buybuybuy

don't time the market...

besok buybuybuy dating cakap resistance break wait buy @ 0.41....
lusa buybuybuy dating cakap resistance break wait buy @ 0.42....
etc etc

buybuybuy become byebyebye

a big sugar daddy confirmed PP buyer!!!

0.425 finishing soon...50% gone already

buy and hold...go long term

wakkaakaka

after 0.43 tiada halangan...wooohooo

buybuybuy...quickly buy!!!

selling????? oiii...institutional buying!!!!!!!!!!!!!!!!

go toilet mandi...banyak tahi from ayam

buybuybuy....apa dah jadi??!?!!

fund start buying??? I don't think retailers got so much powder!!!

wah...I go toilet come out suddenly 0.42....

well...how many years ago that?
education wise this guy looks top notch

@bangonluck I think Suma can be Norges target...they are even buying into SPACs which has higher risk!!! the risk with SUMA is PN17...wait till last week August

trapped already

adoiii...budak tu mai bising lagi...apuneh...

RI....not going to happen...wait long long...
RM0.35...wait long long...not going to happen

forget RM3.35!!!

US$328.5 million = RM1.05billion profits per year...

let's say during that time they have outstanding 5 billion shares...that still works around EPS of RM0.21 per share...
price earning of 20x means that it will be close to RM4.2!!!!!

RM3.35...here we come...

Taking Sumatec higher
By SHAREN KAUR - 31 July 2014 @ 1:15 AM



ASSET INJECTION: Firm targeting more than RM1b profit by 2018, say sources

FORMER Renong Bhd executive chairman Tan Sri Halim Saad is scaling up Sumatec Resources Bhd, which is set to make more than RM1 billion in net profit by 2018.

Halim controls 24.9 per cent of Sumatec and has been maintaining his shares since last November as he believes that the company can grow fast.

“He is not selling his shares anytime soon. He plans to build up the company by injecting more assets into it. He is eyeing some oil and gas (O&G) assets in Central Asia,” said a source.

Sumatec expects to produce 30,000 barrels of oil a day in Kazakhstan by 2018. Sources say the company is targeting an average net profit of US$30 (RM95.30) per barrel.

“This means it will make around US$900,000 a day from 30,000 barrels, or more than US$328.5 million a year, compared with less than US$20 million currently from existing operations,” said the source.

For the financial year ending December 31 2014, Sumatec is projecting RM69 million in profits.

The firm is producing oil at the Rakuschechnoye field with Markmore Energy (Labuan) Ltd, which is 99 per cent-owned by Halim.

Sumatec expects to produce 5,000 barrels of oil and gas a day from this field in the next three years.

It is also acquiring Borneo Energy Oil and Gas Ltd, which owns 100 per cent of Buzachi Neft LLP, for US$250 million in cash and shares.

Buzachi has two 25-year contracts to explore and produce oil and gas in the Karaturun Vostochnyi and Karaturun Morskoi fields, also known as Buzachi Fields.

At a recent media briefing, Sumatec chief executive officer Chris Dalton said he expects the acquisition to be completed by October.

He said the two assets will contribute US$1.62 million to Sumatec’s profits in the fourth quarter.

Sumatec is targeting to produce 25,000 barrels of oil and gas a day from the Buzachi Fields.

Meanwhile, Sumatec is expected to move out of its PN17 status by next month and will submit its application to the Securities Commission soon.

If can drop 20¢....average down lah...apala

Tak pe...dia independent...bukan dependent

dah keluar hammer kat TA

sell now, rugi besar...hold...no choice

telor ayam aje tiap hari

so long they pickup less than 5% nobody knows...so they continue to nibble here and there...

I dah add dia kat facebook...kekekekeek

kalau 20 million undersubscribe...dia kasi sama itu orang kaya-raya...either way...yang beli kat opening tu kena lo

@derrick SONA so far uncle and aunties...wakakaka...paling chun pun makcik Maznah...wakakakaak

I agree fifi...but it should boost the price naturally too coz demand >> supply...also if a rich one subscribe to it ...wooohooo...

Buy on opening day?? you kidding...??

Cornerstone no lock-up, 980million to throw...well...your money...you decide.

PP news by end of this week

ayam1 and ayam tua related??? banyak ayam ini thread...good sign or not!!!??

@valuemaster I agree with u long term this stock not bad...but they really need to quickly monetize their asset...the only one I see coming soon is the Talisman recent deal...other Aussie and Oman might be longer...
otherwise they cant show any profitability even after years of listing...

I bought the main share @ 1.8...looking at a loss still

Posted by Nallayak > Jul 30, 2014 12:43 PM | Report Abuse

Once pay up, credited can dump


another nonsense statement...

her job scope....


Finance Manager

CLIQ Energy Berhad

Public Company; 11-50 employees; Oil & Energy industry

February 2014 – Present (6 months) Selangor, Malaysia

Focusing on Qualifying Acquisition of oil & gas properties. Roles involved as follows:
- Asset valuation and corporate valuation emphasising on future economic cash flows and return
- Financial due diligence
- Deal structure negotiation
- Anchor the Qualifying Acquisition process and liaising with principal advisors and other consultants



so meaning u folks can ask itu financial due diligence mau sampai bila

well...at least they hired a not bad looking finance manager..

http://my.linkedin.com/pub/tracy-sook-yan-chiang/68/800/a40

wakakakakaka

@nelly now maybe u say I hopeful or what...but here's my thinking...they are gonna take over an oil asset...those ppl now working at that asset will be managed by this HR manager...this is my take...

meaning they will own the operations of the asset the wanna QA...at least I hope so..