Investing Experience Intermediate
Risk Profile Moderate
Followers
0
Following
0
Blog Posts
0
Threads
424
Blogs
Threads
Portfolio
Follower
Following
Summary
Total comments
424
Past 30 days
0
Past 7 days
0
Today
0
User Comments
Stock
2014-06-25 06:11 | Report Abuse
Special Purpose Acquisition Company (SPAC) Story Vs SUMATEC
==========================================================
SPAC-ulation:
===========
SPAC is floated without any business. It’s up to the management to identify a suitable acquisition or merger (or others), and to secure shareholder approval to use the initial public offering (IPO) proceeds to pay for that deal. There are 3 below already floated with the aim of going into the oil and gas industry (some not proven O&G assets) and more SPAC to come.
What is the price of these Bursa SPACs:
Hibiscus = RM1.60
CLIQ = RM0.635
Sona = RM0.50
SUMATEC-ulation:
==============
SUMA working on Proved, Probable & Possible oil wells and in increasing productions and now more oil reserves. SUMA is only price at RM0.31 (due to PN17 status, institutional fund can't invest and other reasons).
What is SUMA price after Exit PN17 soon?
How high can it go?
Happy Investing Everyone!
Rich Dad: Money Don't Grow on Trees.
Stock
2014-06-25 06:10 | Report Abuse
Special Purpose Acquisition Company (SPAC) Story Vs SUMATEC
==========================================================
SPAC-ulation:
===========
SPAC is floated without any business. It’s up to the management to identify a suitable acquisition or merger (or others), and to secure shareholder approval to use the initial public offering (IPO) proceeds to pay for that deal. There are 3 below already floated with the aim of going into the oil and gas industry (some not proven O&G assets) and more SPAC to come.
What is the price of these Bursa SPACs:
Hibiscus = RM1.60
CLIQ = RM0.635
Sona = RM0.50
SUMATEC-ulation:
==============
SUMA working on Proved, Probable & Possible oil wells and in increasing productions and now more oil reserves. SUMA is only price at RM0.31 (due to PN17 status, institutional fund can't invest and other reasons).
What is SUMA price after Exit PN17 soon?
How high can it go?
Happy Investing Everyone!
Rich Dad: Money Don't Grow on Trees.
Stock
2014-06-25 06:08 | Report Abuse
Special Purpose Acquisition Company (SPAC) Story Vs SUMATEC
==========================================================
SPAC-ulation:
===========
SPAC is floated without any business. It’s up to the management to identify a suitable acquisition or merger (or others), and to secure shareholder approval to use the initial public offering (IPO) proceeds to pay for that deal. There are 3 below already floated with the aim of going into the oil and gas industry (some not proven O&G assets) and more SPAC to come.
What is the price of these Bursa SPACs:
Hibiscus = RM1.60
CLIQ = RM0.635
Sona = RM0.50
SUMATEC-ulation:
==============
SUMA working on Proved, Probable & Possible oil wells and in increasing productions and now more oil reserves. SUMA is only price at RM0.31 (due to PN17 status, institutional fund can't invest and other reasons).
What is SUMA price after Exit PN17 soon?
How high can it go?
Happy Investing Everyone!
Rich Dad: Money Don't Grow on Trees.
Stock
2014-06-24 14:16 | Report Abuse
Suma now have additional 10 million barrels of oil!
10 million divide by 2000 barrels per day = 5000 days
5000 days ÷ 365 days =13.7 years
Suma now have steady profits for the next over 10 years!
Still worry of Suma future profits? Still doubt?
Happy Investing everyone!
Stock
2014-06-24 13:37 | Report Abuse
SUMA News!
=================
SUMA projected to achieve 2000 barrels per day from existing reserves and achieve net profits of RM69 million in 2014.
With new reports by SRK Consulting (Australasia) Pty Ltd certifying the ADDITIONAL reserves of 10,000,000 (10 million) barrels, surely Suma can deliver the projected production and profits!
Furthermore, the additional 10 million barrels of oil reserves to Sumatec [worth an estimated USD175 Million (or RM560 million or RM0.56 billion) in net profit from oil sale] without paying any more than the initial USD95 Million”, - EXTRA PROFITS for SUMA!
Happy Investing Everyone!
Stock
2014-06-24 12:49 | Report Abuse
SUMA return in the Centre of Bursa Radar Screen!
Happy Investing Everyone!
Stock
2014-06-23 14:47 | Report Abuse
D-Day on 26 June!
Happy Investing Everyone!
Stock
2014-06-13 19:49 | Report Abuse
Suma price
Observed that for the past weeks, the share price and volume are "nicely tone" by certain party at closing time.
Stock
2014-06-13 13:42 | Report Abuse
Kak @ Noraini Ismail, jarang2 kak merasa seram dgn Suma. Look like the syndicate is pressing the price to collect or control at cheap price prepare for the next run up. they hv successfuly scare the long haul or diehard punters. If Technical analyst cant work hv use Fundamental analyst to counter fear.
Happy Investing Everyone!
Stock
2014-06-13 07:30 | Report Abuse
SUMATEC - MOVERS & SHAKERS 2015
=========================================
Old news but still good to know - link below:
http://bursaedge.blogspot.com/2013/06/sumatec-looking-to-exit-pn17.html?m=1
Happy Investing Everyone!
Stock
Stock
2014-06-12 11:01 | Report Abuse
Suma oil & gas biz now concrentrate at Caspian Sea, Kazakhstan and is in production now.
Petronas is investing US$8 billion (RM26 billion) in Turkmenistan exploration Not production yet.Caspian sea Turkmenistan is neighbouring to Kazakhstan approximately 3000 km only.
Both Suma and PETRONAS are in the same zone!
Happy investing Everyone!
Stock
2014-06-08 16:53 | Report Abuse
Old Suma (before Regularisation Plan) vs New Suma
1) It will be very frustrating for new investors in Suma if they do not know the diff between old Suma and New Suma.
2) Punters, speculators, contra players, swing traders etc are waiting for the right time but already getting tired of waiting. Good sign.
3) New Suma starts deliver what it promised or forecast but why investors still in doubt? more doubts?
4) New Suma now has more positive news flow and hardly negative news, Why price isn't moving yet?
Only shrewd investors knew.
Happy Investing Everyone!
Stock
2014-06-04 11:54 | Report Abuse
The coming AGM's agendas looks straight forward. Based on the tightly controlled Suma share price for past many weeks, could it be other hidden agendas to be announced soon?
Wait and see.
Stock
2014-06-02 17:45 | Report Abuse
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1643561
So far so good, no major negative news.....
Stock
2014-06-02 17:26 | Report Abuse
Suma price was deliberately pressure down with the help of TMSB. TMSB wants to cash out for their other venture / acquisition in CNA that allow new shareholder to increase their controlling stake and maintain attractive low price for PP to be announced soon. Win Win for the old and new shareholders.
Happy Investing Everyone!
Stock
2014-05-31 10:27 | Report Abuse
Before Regularisation Plan (RP), Suma is loss making for years, full of debts, no clear business, in PN17 status. The share price can reach RM0.82! Amazing!
After RP, Suma is debt free, has clear biz in upstream oil & gas - production of proven oil wells, already recorded profits and pending exit PN17. What would be the share price in 3 or 6 or 9 mths? Break the 52 weeks high of RM0.82?
Happy Investing Everyone!
Rich Dad: Money Dont Grows on Tree.
Stock
2014-05-29 14:02 | Report Abuse
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1638713
TMSB (Chan) continues to dispose Suma to raise fund for his new major stake in CN Asia.
Stock
2014-05-26 20:30 | Report Abuse
Suma already reported profit of RM100.5 m for 4Q 2013 and RM4.7 m for 1Q 2014. Already 2 quarters of profit althought 4Q 2013 is from completion of regularisation plan. Hope Bursa will approve Suma PN17 exit after report 2Q 2014 soon.
TMSB still continue offloading its shares for their CNA acq. gives downside pressure.
Stock
2014-05-23 18:19 | Report Abuse
The 'road block' is due to TMSB / C&W continue to dispose its block of shares to raise fund to acquire CN Asia. The later company now is major own by C&W and got nothing to do with TSHS. The faster they dispose Suma the better so that no more road block for Suma train to go North.
Happy Investing Everyone!
Stock
2014-05-23 09:30 | Report Abuse
PM's Bro. is on board of Suma.
Happy Investing Everyone!
Stock
2014-05-23 07:36 | Report Abuse
No more predictions or forecast or guessing, its announced officially in Bursa Msia - Suma has made real profit from actual O&G production and operations (not exploring)!
Suma has TURNAROUND from red to proven black oil.
Downside risk < Upside Potential.
Happy Investing Everyone!
Rich Dad: Money Don't Grows on Tree.
Stock
2014-05-22 21:20 | Report Abuse
Previous weeks/months of price down mainly due to TMSB (C & W) selling their major shares to raise fund to acquire CN Asia (C & W became major shareholders now).
Due to prolong down and stagnant price, many have changed trains.
Congratulations to the hardcore Suma believers!
Happy Investing Everyone!
Stock
2014-05-22 21:04 | Report Abuse
Latest News: http://www.bursamalaysia.com/market/listed-companies/company-announcements/1630581
Finally, SUMA reported 1Q 14 Profit of RM4.7 million profit from O&G Development and Production!
Based on reported diluted EPS of 0.14 and assuming PE for O&G counter of 10 times, the share price is RM1.40 (RM0.14 x 10). Still in PN17 so price still not reflected yet and require 2 more qrts of profit to exit PN17.
Happy Investing Everyone!
Rich Dad: Money Don't Grows on Tree.
Stock
2014-05-19 20:32 | Report Abuse
http://www.bursamalaysia.com/market/listed-companies/list-of-companies/plc-profile.html?stock_code=1201
TMSB (own by Chan) continues to dispose Suma shares to raise fund to acquire and expand CN Asia. CN Asia is a loss making company now majority own by C & W of TMSB.
The earlier TMSB dispose Suma is the merrier because they are the major 'road block' for the past few months. Not sure TMSB still wants to keep some legacy shares in Suma.
Those lucky ones who missed 30s tickets can now seriously consider present tickets of 26.5s before actual results are announce soon. Off course there may be cheaper tickets if TMSB release more to the market.
Happy Investing Everyone!
Rich Dad: Money Don't Grows on Tree.
Stock
2014-05-14 13:42 | Report Abuse
From the past week price road block, they want to surpress price to collect more before the next move. They have the big block to do that.
Stock
2014-05-12 13:26 | Report Abuse
TMSB reducing its stake in Suma to fund its acquisition in CN Asia.
Stock
2014-05-08 10:58 | Report Abuse
Different between Suma Vs SPAC:
SPAC (special purpose acquisition company) is empty newly listed and buying into QA (qualifying acquition). The 3 listed SPAC buy oil field which are not proven and need to 'explore'.
Suma is working on 'proven oil field' and just spend Capex to extract the oil which is now increasing by the day.
Happy Investing Everyone!
Rich Dad: Money Don't Grows on Tree.
Stock
2014-05-05 11:45 | Report Abuse
Learn from the story of Noah's Ark:
(1) Don't miss the boat (Suma).
(2) We are All on the same boat (Suma).
(3) There was no rain when the boat (Suma) was built.
Happy Investing Everyone!
Rich Dad: Money Don't Grows on Tree.
Stock
News & Blogs
2014-02-28 07:03 | Report Abuse
Dear Mr. Koon Yew Yin, we are proud of your noble work. God Blessed you and family for your contributions to the needy.
Stock
2014-01-26 15:55 | Report Abuse
Why buy Suma now?
Listen to the video link below by Suma's CEO (last part of the video):
http://www.thestar.com.my/Home/Videos/2014/01/18/In-Good-Company-with-Chris-Dalton-Ready-for-Challenge/
Happy Investing Everyone!
Rich Dad: Money Don't Grow on Tree.
Stock
Stock
2014-01-26 15:53 | Report Abuse
Why buy Suma now?
Listen to the video link below by Suma's CEO (last part of the video):
http://www.thestar.com.my/Home/Videos/2014/01/18/In-Good-Company-with-Chris-Dalton-Ready-for-Challenge/
Happy Investing Everyone!
Rich Dad: Money Don't Grow on Tree.
Stock
2014-01-25 07:43 | Report Abuse
Refresh past story (yet to announce CHAIRMAN of Sumatec):
http://www.agendadaily.com/component/content/article/327-dengar-khabar/10064-bekas-ceo-petronas-bakal-ketuai-syarikat-minyak-milik-halim-saad.html
Stock
2014-01-01 14:04 | Report Abuse
Thought of the 1st Day 2014:
===============================
A CHOICE means that "you have one thing or the other and not both"
Happy Investing Everyone!
Rich Dad: Money don't grow on tree.
Stock
2013-12-04 12:34 | Report Abuse
Latest News:
===============
http://www.theedgemalaysia.com/highlights/266073-hot-stock-sumatec-rises-7-after-go-ahead-for-rakuscheknoye-oag-field.html
Happy Investing Everyone!
Stock
2013-12-03 15:26 | Report Abuse
Wa ka lu lang kong liau, chi ei lipai cin sien. Ai tang TMSB chu kie liau, balu Suma kia.
Stock
Stock
2013-12-03 12:01 | Report Abuse
Kak @Noraini, based on today volume look like TMSB almost zerolise their shareholding in Suma.
Getting less and less dust now, once dust fully settle on d ground, clearer view to move to higher level... Almost there.
Stock
2013-12-03 07:56 | Report Abuse
Tan Sri CMY is also known as "Investor with Midas Touch" where stock that he invested or touched surely shoot up.
Points to Ponder:
Our individual investment in Suma no way compare to his 5% stake. Who has bigger stake or risk to worry?
Sit back, relax and let the New Suma mgmt steer the company to higher level ...
Happy Investing Everyone!
Rich Dad: Money don't grow on tree.
Stock
2013-12-03 07:49 | Report Abuse
Summary: Downside Risk is smaller than Upside Potential.
Stock
2013-12-03 07:09 | Report Abuse
Morning Updates (for long-term investors):
============================================
Under Suma Regularisation Plan, New Sumatec has a "cornerstone investor", Tan Sri Chua Ma Yu. Who is TS Chua Ma Yu?
Read Article:
http://www.euromoney.com/Article/1001916/Chau-Ma-Yu.html
"..........If he believes in a company he invests heavily in it, but never buys more than 5%, his concession to risk management."
Points to Ponder:
After Suma Right Issue, TS CMY holds 5% stake in New Sumatec. The highest percentage invested! Meaning, he has the highest confidence in New Suma and also leadership of Tan Sri HS!
Happy Investing Everyone!
Rich Dad: Money don't grow on tree.
Stock
2013-12-02 14:10 | Report Abuse
Just a few more trading days for TMSB to clear their remaining shares. Price is still at tight range and boring for swing traders.
Today news show New Mgmt should hv gain control over New Suma now. Year 2014 is just next month only! More news to come.....
Stock
2013-12-02 13:59 | Report Abuse
Latest Updates:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1479961
New Suma starts to 'print money' next month.
Poor dad: Once said is Shanghai crab.
Rich dad: No, is Alaska crab.
Happy Investing Everyone!
Rich Dad: Money don't grow on tree.
Stock
2013-12-02 12:10 | Report Abuse
Today, TMSB still clearing the remaining shares and WB. Should be cleared all by this week. Guess who is strong buyer daily?
New mgmt under TS HS start releasing their news on Biz Turnaround Plan, last leg of the 2 plan to exit pn17. Once he has gain full control of New Suma, more exciting news to roll out. ..
Stock
2013-12-02 11:28 | Report Abuse
I remember a folk story call "The Crying Wolf". So familiar...
Stock
2013-12-01 20:32 | Report Abuse
Good Deal for Tekad Mulia Sdn Bhd (former major shareholder of Old Sumatec)!
TMSB's Ex-Right shareholding (based on announcement):
Mother share: 789.5 million @ avg RM0.30 = RM236.85 million
Warrant B: 156.6 million @ avg RM0.25 = RMRM39.15 million
Total sales value: RM276.0 million.
By next week, TMSB would have sold all their remaining shares (9.71% only) pocketing around RM276.0 million. Indeed, it is a very good deal for TMSB to dispose its loss making PN17 listed entity to Tan Sri HS.
2Sen Thought of the night:
(a) Old owner start disposing on Day 1 of listing of Right.
(b) Mother share will continue to trade in tight range avg RM0.30.
(c) WB will also continue to trade in tight range avg RM0.25.
(d) The above could be the agreed avg price for old owner to change hand to new owner.
(e) Next week price still stagnant (very boring for swing traders).
(f) New passengers should know what is the reasonable ticket price.
(g) Don't board the train if you are not familiar with the train master, TS HS.
Happy Investing Everyone!
Rich Dad: Money Don't grow on tree.
Stock
2013-12-01 12:40 | Report Abuse
At the moment only coach 'senandung malam' is operating, can sleep at night (stagnant). Coach express about to depart soon. Ready your ticket.
Stock: [SUMATEC]: SUMATEC RESOURCES BHD
2014-06-25 10:39 | Report Abuse
SUMA Indicator!
SUMATEC’s share price was up 3.5 sen (+12.7%) yesterday after it announced a 14.5% increase in oil reserves in Khazhakstan. Trading volume spiked up yesterday, and the share price has now broken above all the short, mid and long term moving averages level. Hence, we believe that SUMATEC is likely to extend its uptrend move over the next few days. Indicators-wise, the MACD has just crossed over the signal line to confirm a buy signal, while the RSI and Stochastic indicators are also hooking upwards. Should buying interest persists, we believe that the share price could extend its rally towards RM0.45 (R2).
Source: Kenanga
Happy Investing Everyone!