rocket, Jumbo see this as IJM game. They will focus on O&G ie Scomi Oil and Scomi Marine once this clears.. scomi Marine will prevail in their niche business. Whereas Abu is all business and will force for good deal.....anytime! Watch the end will be soon. The way to look at it ......when someone says challenge and start acting all confident, this is the ploy....
Anyway still have to say this "KCloh is a racist Bigot"
Posted by jumbo > Jan 6, 2013 10:58 PM | Report Abuse
rocket, Jumbo see this as IJM game. They will focus on O&G ie Scomi Oil and Scomi Marine once this clears.. scomi Marine will prevail in their niche business. Whereas Abu is all business and will force for good deal.....anytime! Watch the end will be soon. The way to look at it ......when someone says challenge and start acting all confident, this is the ploy.... ---------- your name calling aside, how is that IJM game?
viva la france...les miserables...adakukesah...men are naturally racist...so what...big deal....nothing new...move on....we all are racist..ok...no denying that...so let's start with something we have in common...i3investor, we trade in shares,we express our views..we genuinely want to help fellow i3 forumers and share info and tips on counters that we know with each other, we compare notes, we learn from about new things..we are selfish lot too..so what...big deal..move on yaa
i guess everyone is me and i am everyone.. all those who disagree with kcloh is me and all those who kcloh does not seem to like is me also... gosh... strange place this is.. anyhow good luck...
Nothing would quite happen as far as MOF, untill the EGM. Once bursa gives approval for the bond issue, the EGM date will finalized, maybe before CNY. Untill then the 0.17 essos shares will sell high, then try to buy back later at a lower price.
Petronas award of MOF should not have any bearing on scomi's internal strife at the moment. All unless.....the grand old man of politics have something to do with it.
There was a report from Kenanga I believe, that big cap companies are now primed for the rest of Petronas 66bn other awards ranging from MOF, piping, osv, refiners etc. . Scomi is not big cap as far as I know! The smaller ones received their awards in 2012 with notable exception of skpetro. Wonder why the November award supposedly for scomi delayed? Anyone? Kcfan? :)P
personal view based on company annoucements and as usual educated guess.
Last annoucements that SC has approved, so next logical step for bursa approval, then EGM. Also last week esos shares was listed at 0.17. This recepient would have double they money, if they sell now.then drive the price down and buyback. Even after MOF, there price will hover around 0.47-0.50. If scomein monorail come in, then will shoot past 0.55
the grand old man and abu, thick as.... as his modus operandi all over this. Endup nothing for scomi, so beware. Monorail outside the country and O& G safer bet
Rocket, please note its just rumour floating that some of my O&G friends are talking about. Their bosses are close to the big Boss and definitely Mahathir's lackeys! They said don't quote them. So paham paham! I am just raising this as one of my bro thru email said he is considering selling! :)
"Projects planned for 2012 but which missed the deadline will be rolled out in 2013. This means 2013 will likely see capex escalate, offering local service providers opportunities to capitalise on.
Drilling activities look set to increase with the higher number of rigs (i.e. jack-ups, semi-submersibles, tender-assisted) planned for deployment in 2013 (+50% year-on-year to 30+ units) underscoring rising offshore activities."
The price will be down at most 2 sen from the highest price of the day. So if the price for today went up 0.38, then the lowest it will go today is 0.36. Then those syndicates and esos receipents will try to buy back.
Both KC , if we r looking for medium to long term investment , can we just ignore the turbulence now n just wait until the value reflected on the price ?
just found out cimb margin has downgraded my scomi shares from 80% to 30% cap. Need to sell or top-up within 14 days. I am sure others effected. Some are transfering from cimb to malacca securities, some might force sell, if the price does not inch up. Another downward impact on the price?
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jumbo
941 posts
Posted by jumbo > 2013-01-06 22:15 | Report Abuse
Pity they allow a Bangla hater on this forum!