Notice from this forum that there ppl who appear and disappear for short term personal gain without contribution. They would not know how deep or how shallow without putting their foot in. These ppl will b easily burn by these hollowman. Warren Buffet said "Never test the depth of river with both feet".

My 2sen of humble opinion:
TA use past trend to predict future price and is quite accurate based normal demand supply price volume. Is a good guide better than no indicator at all.

For Suma, the underlying restructuring plan proven by the high subscription of Right issue to the tune of 2.2 billion and there is "fundamental plan" by the new mgmt team to turnaround this pn17 co.

If u hv confidence in the new mgmt team, welcome on board!

I masuk keluar lift at diff level to average. Should be lower now after taking into account the cheaper OR 17.5 sen and free WB. Im taking mid to long term view of this co for d long term prospect in d pipe line by the new mgmt team lead my TSHS and many high profile corporate figures. Salam.

Kak @Noraini you r our guru bcos lebih banyak makan garam compare to we all. I salute you in this forum. We need u, dont leave us until tp reach 150 flrs.... Salam.

We hv very good TAs in this forum. @StevenAchelis for short term view and @Noraini for mid-long term view. Tks to both gurus in TA.

Profile of WA, exercise price 32cts

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1427729

@derrick Now Wa is 27cts and mother is 47cts.

If you exercise Wa, yr total cost is 27cts (Wa price) + 32cts (exercise price) = 59cts. Which is 12cts more than the current mother of 47cts. Might as well sell Wa use the fund to buy the mother straight and saves 12cts.

Sell your WA bcos is out of money and new WB is better...

Healthy correction...ahead

New mgmt keep their lips very tight now till listing date of Right. These stream of major announcements are important to stabilise large qtty of new right shares. The arranger and advisor especially M&A are very good and has proven in Insas. Hold tight as the lift ascending to higher flrs....

http://www.theedgemalaysia.com/business-news/262340-sumatecs-rights-issues-oversubscribed-by-717.html

INVESTORS ARE CONFIDENCE IN SUMATEC.

Last EGM was held at 81 flr, lift is ascending fast to this flr again soon!

The new mgmt team yet to officially announce their set of good news, Suma price already start trending North. Once stream of news announce, price will rocket like Barakah, a newly exit from PN17 O&G players. Keep it up Suma!

No dividend policy for the time being money use for reinvestment and expansion. Very long term play. Better buy Westport also recently listed with dividend policy 70%.

http://www.thestar.com.my/News/Nation/2013/10/31/Halim-saad-khazanah-struck-out.aspx

Additional 11.62 million WA to be given to existing WA holders which to be listed on 21 Nov also. WA exercise price adjusted to RM0.32 higher than WB. Presure for WA price too.

New WB exercise price is RM0.175 and expire in 5 years from 21 Nov.

Based on prospectus, under the Scheme of Arrangment with Creditors Suma will issue 261,000,000 new shares to settle all debts to various Creditors amounting to RM114 million in order to be debt free after Right issue. After waiting for so many years to collect debt from Suma finally the creditors can do so after RI. There is potential of heavy selling by these creditors 261 million new shares on listing of new Right shares. The creditor just want their money back after waiting for so many years!!!

http://www.btimes.com.my/Current_News/BTIMES/articles/halems/Article/

TS HS get RM300 mil facility (which about the amt raised from Right issue) from EXIM Bank for oil field expansion in Kazakhstan. Sure EXIM Bank has done their assessment and due diligent b4 granting RM300 mil. TS HS creditability is still very strong. There will b Suma Board meeting by New Boss on 21Nov on listing of the new Right shares. Very exciting news brewing soon. Suma hidup.

Suma-WA at RM0.19 plus exercise prive of RM0.32 total cost RM0.52. Present mother price of RM0.30 which mean huge premium of RM0.22 or the WA is way 'out of money'. Wonder why such a huge premium, investors still buying WA and not mother?

http://www.thestar.com.my/Business/Business-News/2013/10/23/Halim-Saad-making-comeback-to-corporate-sector-via-OG.aspx

Kak @Noraini, appreciate your view on the below;
Based on prospectus, the maximum shares after the Right issue is concluded (existing + new shares) is 3,386,177,288 shares. The company projected profit by 31/12/2013 (new link above) is RM86 million. The EPS is 0.02539 sen. Conservative PE for high growth O&G say 15 times translate estimated fair MV of RM0.38! If PE is 20 times the fair MV is RM0.5078.

http://www.theedgemalaysia.com/business-news/260152-report-govt-to-pay-halim-saad-rm1b-as-settlement.html

Kak Noraini, we are behind you to support. Times will tell, need to presevere.

WA very small parity and out of money so price stagnant. Mother continue to up to ensure high take up for the Right.

Morning Suma up again!

Suma ex price 22.5sen and Wa price 16 sen today.

Viva Las Vegas @Noraini. Tq for the updates from far.

Price depend on short term? Medium term? Long term view? String of news to be announce soon. ...

Like @Noraini Ismail, same boat.

10 Points to Ponder:-

(1) New Board members (Tan Sri HS and team - many high profile ppl including bro. of PM, Ex senior Petronas mgmt and from MNC O&G)

(2) Biz focus in Kazakhstan O&G (biz turnaround by end 2013 - show profit soon)

(3) Right issue to support O&G biz (on going, first 2 yrs profit 100% for Suma) and settlement with creditors (debt free soon)

(4) Private placement to K-Goreng & cornerstone investor = TS Chua (stock he 'touch' sure up one - proven) .

(5) Out of PN17 very soon (after 3 quarters show profit = in Q1 2014) .

(6) "Flagship" listed co & one and the only one for Tan Sri HS now (Renong Man come back to corporate scene & must success)

(7) All approvals obtained and NOW Right issue stage.

(8) The Proposal does not involve reduction in share but merely reduction in the Par value, so no impact to existing number of shares. 1 share can get 4.1 right shares at 0.175 sen only! Chance to own more shares plus FREE new warrants. New WB got value.

(9) Before Right already touched 82 sen, after Right and regulation plan, profit, out of PN17, appointment of more prominent figures (ex Petronas president etc.), new oil field, new O&G contracts .. and so on. price fly above RM1, RM2, RM3 ....

(10) After Ex-Right, the mother share price is less than 30 sen considered very very cheap and still penny stock. Opportunity to goreng up up up again ....... another round , ha ha.

Happy Investing Everyone!

agree with @Noraini ismail. shortterm investor see it as shanghai crab but longterm investor see it as alaska crab.

Before Right dont expect annoucement of major good news, if any news only small leak news then deny in Bursa. The real major news only come during Right issue and a long line of news after Tan Sri HS and the gang are on board. Then will see new record prices above $1, $2, $3, $4, $5 >. Those who in for long term will sing 'bye bye Shanghai crabs'. Happy investing everyone!!!

Wondering how many lots of Sumatec shares the merchant banker who disclose this news had bought. This is the game, 1 party disclose and 1 party deny. Are they helping the old directors to cash in their ESOS b4 Right issue?

wonder why this shareholders want to throw when there is confirm white knight to save Suma.

ya very snaky the price movement, win or lose depend on who catch the head or tail. ha ha ..Happy investing everyone...

Tq @chinhoe for the info.

@chinhoe, can u show how u calculate the no. of additional warrant given to exiating WA holder and the ex warrant price after the right issue? I just bought WA also.

STerm trading of Suma can get pocket money but can burn our pocket also. LTerm invest can increase our bank account. Happy investing everyone.....

Agree with @chinhoe for WA. Can keep current warrant WA bcos no cash require for the Right issue.

Both wt222 and chinhoe calculation of theoritical x-price for OR is correct. Warrant WB is free and listing price depend on x-price of OR and demand supply. For those who plan to exercise the right, have to look at long term and the underlying fundamental of the new biz and mgmt team. Hav to set aside price technical chart after X.

I hv the same medium/long term view with @Rasputin. We will see after the x-Right. A lot of good news release. ...

How know the Game Plan of the new team in Suma restructuring..

ytdy announcement, 2 old boss/owners sold their shares in Suma. Are they exit Suma or they r raising fund to exercise their Right. After many years of reporting loss, pocket sudah kosong so need to sell shares to buy Right or they want run run away. Is the Right issue in Sept?

The Calculate ex price is based on Suma price b4 ex.
Cum-Right and Ex-Right "cost" is the same but those who buy Cum-Right get 1 free warrant for every 4 right share exercised. Better buy before Right to wnjoy free warrants. There is value or price for the new WB which will also fly fly folow Suma OR.

Wow, can still short term and look like got medium long term potential too. Bestlah Suma boleh...

http://www.thestar.com.my/Business/Business-News/2013/08/30/Sumatec-inks-underwriting-deal-for-public-portion-of-rights-issue.aspx
Final wave next month road to Right issue. Strong waveeee

It refer to to add warrant 2011/2021 which is WA. The new waraant under Right issue is only only for 5 yrs which will expiry in 2018. So which is correct bro.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1382161
Based this announvement, the existing WA will get additional warrants during the Right issue to compensate the ex price adjustment. So lagi banyak warrants after ex.

Q2 result announced tdy. Still report loss.

Well said thecall and CityTrader.

Gain:loss ratio 1:22 and index red 19pts. Suma susah.