The 2 gentleman, Siew and Abu, will be provoking and pressuring Krishna and IJM as I said much earlier. Watch for the buyout.....when they are fed up with this 2 when the pressure mounts as the more shares are purchase by the 2.
As the stakes increases for Abu and Siew the harder for IJM to carry out execution as more and more of the operations will involve Abu especially. This may force the IJM folks to increase their stockholding....remember MGO can happen either few ways, concerted which mean one can prove Abu&Siew are in concert with IJM (later maybe not now) or Abu&Siew increase their holding close to the 24% held by IJM and thus forcing a GO as decision will be difficult when 2 parties of equal voice can run the company.
Here they have to be very careful like the E&O case, as 9% will force GO and lesser than that will have the concert Abu&siew tag team up their stakes.
What can Abu and Siew directly contribute to Scomi? One is a BN crony and has got Info on Petronas tenders potential, while the other runs Oriental Restaurant. Even if they increased their shareholdings, can they really clinched contracts and managed Scomi. The reality is IJM and Hakim will run Scomi, while these substantial shareholders will goreng the stocks so long as the management produced results in the medium to the long term. It's a win win situation.
I can more or less see where Abu will come from.....as still considered not privy to the information as I believe, abu buying a stake in now sees the debt being pared down and is expecting bottom line to increase based on this as he is seeing pipeline for project to increase inline with IJM capability and stakes.
With his stakes here, you can expect him to be more prevalent as they move along, because he himself is an aggressive character in business.
Read carefully along the lines why Krishna Tan made a comment that ijm is not here to play up the stocks a day earlier before Abu's comment. Abu is already pressuring him.....either way, if I am awarding a contract, I will make sure I kill 2 birds with 1 stone. I will award a bigger contract to the company with 2 cronies better than 1 right?
Yes but depending whether Abu wants the limelite. Why should he use his capabilities to get a big contract and the limelight and majority money goes to Krishna tan and ijm respectively.
So how to get this and be appease? Get a bigger buy in the shares so that hard work is compensated equally right? Then only as a businessman that would make sense....my influence is my money.....and compensation should be based on that...
Well, they are in Scomi boat together? While their entry to O&G is considered cheap but the huge loans will have to be paid off fast if not it will become a burden to the group and retard the company'e progress. So at the moment clashes will not happen as the goal is to together buildup and attract fund managers to profile the company. The real war for control will only begin if the company later on, has strong footing, is debt free, and free from past bad management.
Gearing will always be there......now gearing reduced..... Quarter report don't focus on debts.....so this gives a very good way to project top and bottomline based on capability to get big projects and the the ability to run it efficiently to get a good bottomline
yep very good points sharing from both tommylou and alenac :) and this company if now with IJM in driver seat and manage properly then easily will be more than .60cents as highlighted by KCLoh sometime back. Just need to be patient :)
Aiya trader66 u frighten everyonelah.....there won't be announcement on Moonday...I said it below mah.....and now The Star also confirm that the rumor yesterday....kakakaka
From amateur point of view: Everyone is so scared of GE13. Most people would have sold their shares and most people keep money and think that when GE13 is announced, market will drop like hell and that's the time to buy. I think that may not happen. The day of announcement may be the day of rebound. Well that's just my dream.......
Yes, alexisvics, with GE13 just around the corner I feel it's time to chabut perhaps. Yes, everyone is indeed takut including me. Market is bound to drop likely to drop like hell. Maybe sell now and wait for that day to buy back later perhaps??? Najib is going for his umrah this coming week and after that he will dissolve the parliament all within a 2 weeks time frame.
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Posted by khalil992418 > 2013-03-25 19:50 | Report Abuse
abu sahid the joker....