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2013-11-22 15:43 | Report Abuse
confirm good news maa.....
don care la people call speculators, i know its a damn good news........
remember warren buffet's quote....'buy when others are afraid'
2013-11-22 15:38 | Report Abuse
sumatec after news tp 55cents wor.......
2013-11-22 15:36 | Report Abuse
if speculate but don buy no use maa.......
2013-11-22 15:32 | Report Abuse
news coming out at any time!
i am not lying!
as warren buffets always remind investors 'buy when others are afraid' and vice versa
2013-11-22 15:13 | Report Abuse
target price for Sumatec Feb 2014 is RM1.50.....market talk.....
2013-11-22 15:01 | Report Abuse
the good news got 2 major good news:
a) regularisation plan exit pn17 announce this month
b) HS project oil and gas in Khazakhstan rocks! 2 major oil field! gold mine in the making.......
lui lui lui.......
2013-11-22 14:54 | Report Abuse
i am not lying...
this one very good news coming........
this is not a lie.....
HS rocks!
2013-11-22 14:50 | Report Abuse
news coming in either this week or next week.....
Halim is gonna turn the table around......
2013-11-22 14:50 | Report Abuse
confirm very good news coming in for Sumatec!
tp 55cents.....
2013-11-21 19:00 | Report Abuse
sohais or not is not good to call people.....
respect each other please
2013-11-21 18:39 | Report Abuse
after news Sumatec 50 cents.......
2013-11-21 17:25 | Report Abuse
depends on the news now.......
chillax dude.....
2013-11-21 17:19 | Report Abuse
dragon.....
get ready to punt.....
2013-11-21 17:18 | Report Abuse
PETALING JAYA: Tan Sri Halim Saad is considering assigning the exploration rights for a new oil and gas (O&G) field in Kazakhstan to Sumatec Resources Bhd, which is on the verge of completing its regularisation plan by next month.
The new field, known as the Beta oil field, would be the second field after the Rakushechnoye O&G field in Kazakhstan that Sumatec would have rights to if Halim decides to do so, those in the know claimed.
When combined, both fields would have sizeable O&G resources for exploration over the next 20 to 30 years, they said.
The Beta field – covering an area of 248 sq km – is said to hold 105.97 million barrels of oil equivalent (mmboe). It is located in the northern side of the Mangystau province, which is known for its rich O&G resources.
Halim, when contacted yesterday, declined to comment on the Beta field but did say that “I am always on the lookout for new O&G fields”.
Halim is Sumatec’s major shareholder and holds the concession for the Rakushechnoye and Beta fields via his private companies. He had earlier assigned the rights to extract O&G at the Rakushechnoye field to Sumatec.
Upon completion of the regularisation exercise, Halim will own 25% equity stake in Sumatec, down from 27% at present. The new Sumatec board will comprise former attorney-general Tan Sri Abu Talib Othman (chairman), and directors Datuk Ahmad Johari Abdul Razak, Datuk Mohd Nasir Ahmad, Datuk Shireen Ann Zaharah Muhiudeen, Mohamad Ismail, Michael Lim Hee Kiang, Datuk Che Mokhtar Che Ali, James Chan Yok Peng, Wan Kamaruddin Biji Sura and Christopher Layton Dalton (also the CEO).
Halim, the corporate player of yesteryear, is making a comeback to the corporate sector via the O&G sector which is seen to be growing at a fast pace. He is one of the early birds to have scouted around for O&G fields in eastern Europe.
Sumatec has been bleeding red ink for the past five years and has been categorised as a Practice Note 17 (PN17) company since April 2011. As part of its regularisation plan to exit its PN17 status, it also has a rights issue to raise RM453mil. The proceeds will be used to fund its O&G activities at the Rakushechnoye oil field. With the O&G extraction works at the field, Sumatec is projecting RM86mil in profit for its current financial year ending Dec 31, 2013, and RM69mil for 2014.
For the Rakushechnoye field alone, Sumatec has direct access to oil reserves and gas resources of up to 331 mmboe.
“First, we have to discover more oil, and if we strike more, there would be more reserves. Most of the proven reserves are within 10% of the total area of the field in the north.
He added that upon the completion of its regularisation exercise, Sumatec would be the only “onshore O&G exploration company to be listed on Bursa Malaysia”.
Sumatec’s rights shares fell in active trade yesterday in what was its first day of trade, down nine sen to 10 sen. The mother share fell 3.5 sen to 29.5 sen.
2013-11-21 17:00 | Report Abuse
news should be out if not this weekend than next week lor.....
HS is back!
2013-11-21 17:00 | Report Abuse
serious dragon.......
regularisation plan and news on ild field Khazakhstan....
future profit projection announced in Feb 2014 gonna be RM86 million plus wor.......
money money money.........
2013-11-21 16:50 | Report Abuse
dragon, hold sumatec......
got news positive coming by this week or month end........
2013-11-21 16:39 | Report Abuse
what news maa?
mind to share....
2013-11-21 15:49 | Report Abuse
nevermind dragon, we ikan bilis relax jer......
let them eat until there is no tomorrow for them.....
wakakakakaka..............
2013-11-21 15:46 | Report Abuse
if they keep on force selling mother, sumatec can close shop worr......
2013-11-21 15:43 | Report Abuse
dragon, i see that they are making fun of us......
don worry......
wa and wb the same only ......
they will equalize the price sooner or later......
the question is what is the mother doing?
naughty children messing around, should scold them a bit......
2013-11-21 15:34 | Report Abuse
wb up above 20 cents.....
mother will go back above 40 cents......
2013-11-21 14:33 | Report Abuse
if dino bull can't help call the tripple bull horn!
yahooooooo
2013-11-21 14:32 | Report Abuse
father bull coming in.......
if not call the grandpa bull........
if still not strong enough summon the dino bull........
2013-11-21 12:26 | Report Abuse
something is brewinggg..........
2013-11-21 09:13 | Report Abuse
hold!
fight back this flood......
shield yourselves with umbrellas , tents or whatsoever........
fight fight fight!
2013-11-21 09:10 | Report Abuse
i am not leaving.......
urrgghhhhhhh.......
fight fight fight counter attack this huge tide!
2013-11-21 09:09 | Report Abuse
stay firm people.......
70cents coming!!!!!!!!
2013-11-21 09:08 | Report Abuse
the power to hold......
this counter rocks!!!!!!!!
2013-11-20 19:31 | Report Abuse
roger.....
we see the q at 8.30a.m......
2013-11-20 19:27 | Report Abuse
join the ride if tomorrow morning limit up yeah......
2013-11-20 19:19 | Report Abuse
all positive coz tomorrow can only trade wb.......new mother share can't trade yet.......coz they are only in on Friday.......
so wb up, current mother share should up kaw kaw kaw.......
above 40 cents tomorrow sumatec.......
if wb above 40 cents tomorrow, then sumatec mother tomorrow 70cents......
hohohohoho.........
2013-11-20 19:00 | Report Abuse
all eyes on mother share tomorrow.........
2013-11-20 18:14 | Report Abuse
i believe tomorrow will gap up because tomorrow only wb can trade. new mother share can not trade.....
huge opportunity to gap up tomorrow......
investors who bought the new mother share eager to sell but can only sell on Friday.......
they are 24 hours behind as the price tomorrow surge to above 40 cents......
2013-11-20 18:03 | Report Abuse
orait....
tomorrow morning sumatec should gap up......follow the new baby WB.....
2013-11-20 17:52 | Report Abuse
candlestick showing strong bullish uptrend reversal..........
more upward story tomorrow morning........
2013-11-20 17:50 | Report Abuse
mother share will follow new warrant wb tomorrow morning,
so it's one way only.......
and it's supposedly uptrend........
2013-11-20 17:45 | Report Abuse
tomorrow wa above 30 cents,
mother share above 40 cents,
new wb above 20 cents.......
Friday
new mother hsare comes in
price for mother share above 50cents........
2013-11-20 17:32 | Report Abuse
new mother share can not trade tomorrow, new mother share can trade on Friday only........
so tomorrow 1 more day push up for mother share......
gap up tomorrow above 40 cents.....
2013-11-20 17:21 | Report Abuse
all the bandits have left the ERT........expect for 40 cents tomorrow morning for mother,
cause tomorrow only new warrant can trade only, new mother share can only trade on Friday........hohohohohoho
1 more day for gap up for Sumatec mother share........
2013-11-20 16:48 | Report Abuse
shares already adjusted on the 17th.....
besides that new shares tomorrow listed but can't trade........
only can trade on Friday.......
conta kakis and cowards bow cheow already......
those who left are the winners........
congratz people.....
2013-11-19 15:47 | Report Abuse
after q result month end price will be rm9.50 above......
2013-11-19 14:54 | Report Abuse
good qtr result coming......
2013-11-19 12:12 | Report Abuse
the split will take place most probably early next year....
so the price should reach rm11-12 by this year end.....
2013-11-19 09:47 | Report Abuse
TARGET PRICE BY LEE CHEN HOOI FROM MAYBANK RM11.80!
kindly refer to below url
http://www.theedgemalaysia.com/business-news/263020-index-reaches-its-first-downside-objective.html
Stock: [SUMATEC]: SUMATEC RESOURCES BHD
2013-11-22 15:44 | Report Abuse
look at the buy que we already know sharks are in already.....
accumulation taking place now......