Posted by asianmarket > 2022-03-17 21:16 | Report Abuse

it will be interesting to see what is next for scomies..

Posted by asianmarket > 2022-03-17 21:18 | Report Abuse

since theyre in big debt.. why dont they just delist this PN17 stock for good?

Posted by Gn021 > 2022-03-17 21:50 | Report Abuse

Actually this deal is good to Scomies or not good to Scomies ? Anyone can share some view ?

Posted by lotsamoney > 2022-03-17 23:24 | Report Abuse

Good - they now have money to repay all their debt. Not good - they have now lost their assets and revenue stream in drilling fluids & drilling waste management. This deal spells the end for Scomies.

Posted by Gn021 > 2022-03-18 00:58 | Report Abuse

Just read the annoucement

1.) The SPA total is 21 millions, and the REMAINING debt will be wavie, so isn't total waive liao around 134 millions debt ?


2.) Scomies Qtr report show scomies got 121 millions cash in bank, annoucement say scomies will trigger PN 16, become a cash company, so isn't means after disposal all assets to CMSB now scomies become a Empty company only with 121 millions cash ???


Am i right ???

Posted by Gn021 > 2022-03-18 01:00 | Report Abuse

Btw why so good ?? waive around Rm 134 millions debt of Scomies ??

Rm 134 millions woh..

Posted by bullmarket1628 > 2022-03-22 07:35 | Report Abuse

Oil Prices Jump As European Countries Consider Banning Russian Crude
By Tsvetana Paraskova - Mar 21, 2022, 9:00 AM CDT

https://www.google.com/amp/s/oilprice.com/Energy/Oil-Prices/Oil-Prices-Jump-As-European-Countries-Consider-Banning-Russian-Crude.amp.html

Oil prices rallied early on Monday amid EU consultations about potentially joining the U.S. in banning imports of Russian oil.
As of 7:45 a.m. ET on Monday, WTI Crude was up 3.87% at $108.91 and Brent Crude was trading up 3.93% at $112.30. 

Posted by bullmarket1628 > 2022-06-10 07:12 | Report Abuse

Petronas ups annual capex to RM60 bil, makes first allocation for clean energy
SyafiqahSalim/theedgemarkets.com
June 09, 2022 16:20 pm +08

https://www.theedgemarkets.com/article/petronas-plans-rm60b-capex-2022-says-group-cfo

KUALA LUMPUR (June 9): Petroliam Nasional Bhd (Petronas) is allocating about RM60 billion for capital expenditure (capex) in financial year ending Dec 31, 2022 (FY22) compared with RM30.5 billion a year earlier as the Malaysian national oil company prepares for the resumption of business activities, which were earlier disrupted by Covid-19-driven movement restrictions, and as the group sets aside money for clean energy or non-hydrocarbon-related ventures.
"This year, we expect to almost double that [capex] amount which is RM60 billion, because of catch-up and the return of [business] activities. This is also the time we have to make inroads in some material steps into the non-hydrocarbon side of things," Petronas chief financial officer Liza Mustapha said on Thursday (June 9) at the MIDF Conversations event, which was held virtually.
MIDF group managing director Datuk Charon Mokhzani was the moderator for the event.
Liza said that out of Petronas' planned RM60 billion capex allocation for FY22, about RM40 billion has been earmarked for the oil and gas business besides non-hydrocarbon–related operations while the balance of the capex allocation has been earmarked to finance Petronas Chemicals Group Bhd's (PetChem) wholly-owned subsidiary Petronas Chemicals International B.V. (PCIBV) proposed acquisition of the entire stake in Sweden-based specialty chemicals group Perstorp Holding AB for €1.54 billion (about RM7.02 billion) from Financiere Foret S.A.R.L.
Petronas owns a 64.35% stake in PetChem, according to PetChem's latest annual report.
Looking ahead, Liza said non-hydrocarbon-related income is expected to account for about 30% of Petronas' revenue.
"[About] 30% of our revenue should be coming from something which is not related to hydrocarbons.
"We have to factor in [business] growth, otherwise, we will not be able to manage the energy transition and we will miss our target of achieving [net] zero [carbon] emissions by 2050," she said.
According to her, about 10% of Petronas' RM60 billion capex allocation for FY22 will be earmarked for non-traditional businesses such as specialty chemicals and solar energy.
"Previously, I think there was never a plan on what rate it should be [for the clean energy segment] because there was no allocation from the top. So, it didn't really take off.
"So, we need to rethink our decision on the capital allocation [for the clean energy segment] and put it aside, because if we leave it at that and let them go with the flow, we are going to be a year behind the target again," she said.
Petronas' financials improved in 1QFY22. In a statement on May 31, 2022, Petronas said profit after tax rose to RM23.44 billion in 1QFY22 from RM9.22 billion a year earlier while revenue climbed to RM78.75 billion from RM52.55 billion.
"Despite favourable [first quarter] performance, the high oil and gas prices are expected to remain vulnerable with increased volatility due to geopolitical and macro-economic uncertainties.
"Petronas will continue to strengthen our operational excellence to maximise value creation whilst intensifying our growth and sustainability agenda in Malaysia and internationally,” the company said.

Edited By: Chong Jin Hun

Posted by bullmarket1628 > 2022-08-23 10:54 |

Post removed.Why?

Posted by Nepo > 2022-08-24 11:36 | Report Abuse

Posted by calvintaneng > 2020-03-02 11:02 | Report Abuse

NO WORRY

SCOMIES NET NET ASSETS PLUS BRIDGING LOAN ENOUGH TO COVER DEBT

HOLD TIGHT OR BUY MORE

===============
Hari ini dalam sejarah
Quite amusing lol

Posted by bullmarket1628 > 2022-09-26 17:40 | Report Abuse

Tommorrow once the Donbast referendum being passed, then Russia will annexed those 4 Donbast regions from Ukraine, then will start war between Russia and Europe, then oil price will spike up to above USD $120 again !

Then all the O & G counters will spike up to sky high especially Scomies's price will break above 20 cents !

Heng ah, Ong ah, Huat ah !

Posted by bullmarket1628 > 2022-09-27 18:35 | Report Abuse

Russia's war in Ukraine is at a dangerous tipping point
Analysis by Nick Paton Walsh, CNN
Updated 1:49 AM EDT, Tue September 27, 2022

https://amp.cnn.com/cnn/2022/09/27/europe/putin-binary-moment-russia-ukraine-war-tipping-analysis-intl/index.html

Kramatorsk, Ukraine(CNN) The chaos of the past week might be incorrectly comforting. Despite Russia's continued disastrous handling of its war of choice in Ukraine, the conflict's most dangerous moment may be nearing.
At some point this week, the Kremlin will likely declare that "sham" referendums in four partially occupied areas of Ukraine have delivered a mandate for their swift assimilation into what Moscow calls Russian territory…

Posted by bullmarket1628 > 2022-09-27 18:37 | Report Abuse

Latest news from CNN…
A war between Russia & USA/Europe will be ignited anytime from now if the ‘Sham’ referendum results is in favour to russia (of course is a sure guranteed passed results created by Russia), So, since russia will use this results by annexed 4 Ukraine’s regions and as an excuse for them to publicly giving mandate to them to sending millions of troops to based the stations permanently into this 4 regions,
then a new World War III cannot be avoid and will happened anytime from now already !

Then the Oil price definitely will immediately shooting up to sky high !

And then all the O & G counters definitely will follow to spike up like mad already !

Posted by bullmarket1628 > 2022-09-28 06:58 |

Post removed.Why?

Posted by chinaman > 2022-10-03 19:58 | Report Abuse

The Board of Directors of SESB (“Board”) wishes to announce that the Company had on 3 October 2022 entered into a Framework Agreement (“FA”) with PJD Link Holdings Sdn Bhd (“PLHSB”) and Noblemax Resources Sdn Bhd (“NRSB”) and PJD Link (M) Sdn Bhd (“PJD Link” or “Target Company”) (SESB, PLHSB and NRSB and the Target Company shall hereinafter individually be referred to as a “Party” and collectively be referred to as “Parties”) for purposes of the proposed acquisition by SESB of 100.0% equity interest in the Target Company (“Proposed Acquisition”), which is intended to be undertaken as the Company’s proposed regularisation plan or form part thereof.

Posted by bullmarket1628 > 2022-10-04 07:57 |

Post removed.Why?

Posted by bullmarket1628 > 2022-10-04 09:14 |

Post removed.Why?

Posted by Michael Kwok > 2022-10-04 09:37 | Report Abuse

Sell on strength 7 cents
4/10/2022 9.37am.

Posted by bullmarket1628 > 2022-10-05 07:13 |

Post removed.Why?

Posted by bullmarket1628 > 2022-10-05 07:31 | Report Abuse

Oil prices could soon return to $100 as OPEC+ considers ‘historic’ cut, analysts say
PUBLISHED MON, OCT 3 2022 6:43 AM EDT

Lee Ying Shan @LEEYINGSHAN
Sam Meredith @SMEREDITH19

https://www.cnbc.com/amp/2022/10/03/opec-oil-prices-could-soon-return-to-100-a-barrel-analysts-say.html

KEY POINTS
* OPEC and non-OPEC producers, a group often referred to as OPEC+, will meet in Vienna, Austria on Wednesday to decide on the next phase of production policy.
* The oil cartel and its allies are considering an output cut of more than a million barrels per day, according to OPEC+ sources who spoke to Reuters.
* "The OPEC ministers are not going to come to Austria for the first time in two years to do nothing. So there's going to be a cut of some historic kind," said Dan Pickering, CIO of Pickering Energy Partners.

Posted by chinaman > 2022-10-05 10:46 | Report Abuse

Doubt selangorian folks are developed highly educated with so huge resistance to change to ease traffic congestion? Why everything must be politicised ?

Posted by bullmarket1628 > 2022-10-06 07:16 |

Post removed.Why?

Posted by bullmarket1628 > 2022-10-06 07:37 | Report Abuse

White House Disappointed With OPEC’s ‘Shortsighted’ Decision
By Charles Kennedy - Oct 05, 2022, 12:00 PM CDT

https://oilprice.com/Energy/Energy-General/White-House-Disappointed-With-OPECs-Shortsighted-Decision.amp.html

A White House statement following the OPEC+ decision to defy the Biden administration with an output cut for November vows to find new ways to temper OPEC’s control over energy prices. 

Earlier on Wednesday, members of OPEC+ said they would cut November production quotas by 2 million bpd, citing the “uncertainty that surrounds the global economic and oil market outlooks”. 

The decision immediately led to a more than 2% increase in Brent crude and WTI prices and goes directly against the Biden administration’s attempts to lobby Saudi Arabia for higher production to bring prices down. 

Shortly after the release of an OPEC+ press release detailing the output cuts, the White House said, “In light of today's action, the Biden Administration will also consult with Congress on additional tools and authorities to reduce OPEC's control over energy prices.”

Posted by bullmarket1628 > 2022-10-07 07:13 |

Post removed.Why?

Posted by bullmarket1628 > 2022-10-08 07:39 |

Post removed.Why?

Posted by chinaman > 2022-10-19 11:35 | Report Abuse

Bullshit still at stone age? Take 10 yrs to approve PJL RTO?

Posted by birkincollector > 2023-02-02 10:47 | Report Abuse

nice scomies....thank u....trapped for month.....out for profits

Posted by BestOne > 2023-04-07 11:38 | Report Abuse

Lowest already now

Posted by Bullcoming > 2023-06-07 10:48 | Report Abuse

https://www.klsescreener.com/v2/news/view/1161905

Posted by Bullcoming > 2023-06-07 16:28 | Report Abuse

Expect Scomies RTO in the card, and will get out from PN17 soon

Posted by Bullcoming > 2023-06-07 19:07 | Report Abuse

https://www.malaymail.com/news/malaysia/2023/06/07/declassify-pjd-link-expressway-concession-agreement-pkr-lawmakers-tell-putrajaya/73057

Posted by Robert Waters > 2023-07-01 20:08 | Report Abuse

So, I see a lot of personnel changes. I hope that it is an indication of company making progress and out of PN17.
Keep me and others posted.
😏
______________________________-
KUALA LUMPUR (June 25): Scomi Energy Services Bhd chief executive officer Hilmy Zaini Zainal is resigning from the top post effective June 30 due to “personal reasons”, the group said in bourse filing today.
He will be succeeded by Scomi Group Bhd’s independent non-executive director Amirul Azhar Baharom effective July 1, according to a separate filing.
Amirul Azhar, 46, currently also serves as the independent non-executive chairman of UMS-Neiken Group Bhd and as independent non-executive director of Rohas Tecnic Bhd.

Posted by velanr > 2023-07-05 10:04 | Report Abuse

wow, price going up. good but why ?

Posted by Tripaka > 2023-07-05 10:38 | Report Abuse

Catch some bilis to roast, slurrrp.. yummy.

Posted by Bullcoming > 2023-07-05 15:37 | Report Abuse

Leaving PN17?

Posted by velanr > 2023-07-05 16:04 | Report Abuse

NST reported Yesterday that Scomi Energy divested 4 subsidiaries , so maybe good towards leaving PN17

Posted by su1801 > 2023-07-05 18:25 | Report Abuse

Good move scomies.. hopefully break 10 cent

Posted by MarioBros > 2023-07-08 19:25 | Report Abuse

Talk of Scomies will be taking over by PJD Link have been on the news from last year. Its was backed by news on 7th June when PJD Link sign an agreement with MCC Msia at IIICF on 1st June witnessed by Scomies CEO Amirul Baharom. Then on 28th June they change secretary. On 4th July they disposed (sell) 4 of their subsidiries with the simbolic amount of RM1. Now Scomies are debt free and ready for RTO by PJD Link. It is believe that it will happen soon before prn as PJD Link was involve in NKVE highway. It is believe that the court case for the highway was on the 4th July thus the price was suddenly rise. Lots of big buy for the stock after that and less people sell. It a risky but its worth to try for. Hopefully got good news this week onward.

Posted by Bullcoming > 2023-07-10 17:23 | Report Abuse

https://www.malaysiakini.com/news/671422

Posted by Bullcoming > 2023-07-10 17:24 | Report Abuse

The intervention may further delay the process of RTO

Posted by Tripaka > 2023-07-14 11:16 | Report Abuse

Scold me, now scold you...

Posted by whistlebower99 > 2023-07-14 14:45 | Report Abuse

BAD NEW !!!

SUSPENSION AND DE-LISTING OF THE SECURITIES OF SCOMI ENERGY SERVICES BHD
SCOMI ENERGY SERVICES BHD

Bursa Malaysia Securities Berhad ("Bursa Securities") has rejected SCOMIES' application for a further extension of time to submit its regularisation plan.

In the circumstances and pursuant to paragraph 8.04(5) of the Main LR, please be informed that:-
1. the trading in the securities of SCOMIES will be suspended with effect from 24 July 2023; and
2. the securities of the Company will be de-listed on 26 July 2023 unless an appeal against the de-listing is submitted to Bursa Securities on or before 21 July 2023 (“the Appeal Timeframe”). Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities.

In the event the Company submits an appeal to Bursa Securities within the Appeal Timeframe, the de-listing of the securities of the Company from the Official List of Bursa Securities on 26 July 2023 will be deferred pending the decision on the Company’s appeal. However, Bursa Securities will proceed to suspend the trading of the Company’s securities on 24 July 2023 even though the decision on the Company’s appeal is still pending.

Read details :-

https://www.klsescreener.com/v2/announcements/view/5298423

Posted by StartOfTheBull > 2023-07-14 14:47 | Report Abuse

Continue to hold on would end up getting back RM0.00 of investment in this stock.

Posted by StartOfTheBull > 2023-07-14 16:14 | Report Abuse

In the process of liquidation, only employees of the company, creditors have the priority to claim whatever net assets are left for the settlements. Shareholders of the company would be the last to claim the remaining, if there is any.

Posted by Nepo > 2023-07-14 20:42 | Report Abuse

https://www.chinapress.com.my/20230714/%E6%8E%A5%E8%8E%B7%E9%99%A4%E7%89%8C%E6%9C%80%E5%90%8E%E9%80%9A%E7%89%92-%E8%91%9B%E7%B1%B3%E8%83%BD%E6%BA%90%E8%B7%8C%E5%89%A91%E4%BB%99/

Posted by Nepo > 2023-07-14 20:42 | Report Abuse

https://www.chinapress.com.my/20230714/%E6%8E%A5%E8%8E%B7%E9%99%A4%E7%89%8C%E6%9C%80%E5%90%8E%E9%80%9A%E7%89%92-%E8%91%9B%E7%B1%B3%E8%83%BD%E6%BA%90%E8%B7%8C%E5%89%A91%E4%BB%99/

Posted by Nepo > 2023-07-14 20:43 | Report Abuse

Finally this stock RIP

Posted by su1801 > 2023-07-14 22:43 | Report Abuse

Cut loss and move on.... There is so many opportunities at the other counter

Posted by chinaman > 2023-07-15 14:16 | Report Abuse

Banyak kesian. semua Pak Lah counters from scomi, brahims to scomi energy RIP. Bullshit double standard, pilih kasih, pilih bulu. buli pak lah. many CAP Ayam pn17 not delisted. Pls sack all bullshit directors

Posted by TripleMMM > 2023-07-17 12:48 | Report Abuse

Invest in scomi scomies counter semua Mati 99