"somtimes i run, sometimes i hide" "sometimes i am scared of you, but all i want is to do is to hold you tight" "treat you right, be with you day & night" - this is how i want to describe the feelings i have for the stocks in my portfolio
Shah moved on into Scomi Marine, rebrand and called Scomi Energy.....and IJM in their group turf..the excercise have taken a lot of thought as I see in to position themselves....and now for the inflow....
i personally like to think whoever is in the driver's seat will be calling the shot! Shah will also benefit no doubt, because of his biggest individual stake within! win win possible?
If beggars can't be choosers, then ijm is using him as puppet to channel their OnG aspiration which they began originally as their objective for the sector. Somehow the changes..beginning with objective of ijm, marine .rebrand, mount for scomi oilfield.....seems to suggest....
anyhow ijm will definitely have more channel, footing and traction to bring in the biggy!
as said, if not for IJM, we wont be talking about Shah today. He will be facing his creditors and a sinking credit ratings!
IJM gets their hands immediately in the O&G sector as they have previously stated with their 60+ percent holdings. Something tells me K. Tan may have something more up his sleeves! Just sold a highway concession in West Asia. Looks possibly a lot of funds channeling into the energy sector!
Award of Tender to Provide Drilling Fluids and Barites Materials, Equipment and Services (Tender) by PETRONAS Carigali Sdn Bhd (the Client) Ini kalilahhhhhhh
continue frm previous post: Based on the Letter of Award, the Contract is expected to be for a period of five (5) years commencing from 1 March 2013 until 28 February 2018. Based on the number of wells indicated in the Tender document, the Company estimates the value of the Contract to be approximately RM2.1 Billion.
You guys must remember, KMC will be sold to Scomies as part of restructuring. Scomi may get a premium price for it if the principle of separation of entities are considered. But if group accounting procedures are applicable, it is also to scomi's favour as they hold above 60% even after disposal to scomies. May I remind that scomies will have to embark on an share capital exercise to take on the payment!
Cheers everybody!!!!!!!!!!! Now contracts must keep flowing in till June 2013, for rejuvenated Scomi. We shareholders are hungry. Just asked yourself why the 2 datuks come in together with IJM if there are no headwinds about the drilling contract clinched. Meaning that they know that Petronas will award this contract to them. Any monorail contracts overseas will be an additional bonus.
ah alenac u very smart - yeah why the big guns fighting for this previously lousy share - so now we know.thanks for clue :) now like jacko said Chennai chennai no more roti chanai :) defendddddd :) I need my bro tommy here to help defeeeeend hehe
Scomi & scomein has good track record of winning contract but there project managements and cost control is very weak, hence they keep reporting a loss on these contracts.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Yuzuki
1,437 posts
Posted by Yuzuki > 2013-03-07 09:48 | Report Abuse
hahaha frank one tips ... always pick a roulette table with a pretty groupier lady hehehe then flirt with her throughout the whole session ... lol