Posted by khalil992418 > 2013-04-08 12:46 | Report Abuse

Change to scomien, more profitable more than 20%....

Posted by yukchian > 2013-04-08 15:10 | Report Abuse

will break 0.355 today?

Posted by alexisvics > 2013-04-08 16:53 | Report Abuse

36sen already.

Posted by lonelyreload > 2013-04-08 20:59 |

Post removed.Why?

Posted by Frank Soweto > 2013-04-09 00:51 | Report Abuse

shah is accumulating daily :)alright ABU/Siew u're next :)
http://klse.i3investor.com/servlets/anpth/898459.jsp

Posted by tommylou > 2013-04-09 06:37 | Report Abuse

Intensifying......frank buddy how are you?

Posted by Frank Soweto > 2013-04-09 06:58 | Report Abuse

haha Tommy good good and hope u r too - I was calling u out the other day at E&O to defend but someone said u're busy shopping for the new Ferrari LOL cheers buddy :) hopefully more to come - for both :)

Posted by tommylou > 2013-04-09 08:07 | Report Abuse

Hahaha.....well I won't comment too much on what I commented earlier....hope all that followed profitted. Frank, Thanks for defending .....

Posted by Frank Soweto > 2013-04-09 08:21 | Report Abuse

hehe no worries I'm in both for the longest time :)cheers :)

Posted by tommylou > 2013-04-09 08:29 | Report Abuse

Time to sit back....I Was looking at 1.70 earlier and now it's here....remember Money Maker bought at 1.63 and 10% up will b 1.80 next.....

Aston predicts 1.90. He may have something he knows

Aston??

Posted by tommylou > 2013-04-09 08:33 | Report Abuse

As for Scomi,....looks like a nice ride ahead.....

Posted by Frank Soweto > 2013-04-09 08:34 | Report Abuse

yep can be much higher - actually GOH kept buying after selling off a majority to SIME so I want my 2.30 if not 2.00 haha besides those are my free shares now not much only left 15K after selling some in the range of 1.50+ due to fear of GE a month/two back :( oh well u win some and u lose some and thanks for the info sharing as always :)

Posted by Frank Soweto > 2013-04-09 08:39 | Report Abuse

hopefully for Scomi too :) sideways for too long already :(

Posted by tommylou > 2013-04-09 08:39 | Report Abuse

I will comment in EnO forum......

Posted by Frank Soweto > 2013-04-09 08:41 | Report Abuse

o.k dokey :)

Posted by rocket > 2013-04-09 16:09 | Report Abuse

who is the gatekeeper?

Posted by rocket > 2013-04-09 19:05 | Report Abuse

MARC removes KMCOB Capital's Sukuk rating from MARCWatch Negative

09/04/2013 13:09 AST CPI Financial
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MARC has removed its rating on KMCOB Capital Bhd's (KMCOB) MYR 343.1 million Sukuk Murabahah Medium Term Notes (MTN) programme from MARCWatch Negative and affirmed its A+IS(cg) rating on the company; the outlook on the rating is negative.

KMCOB is the funding vehicle of Scomi Oilfield Limited (SOL), the oilfield services unit of Scomi Group Bhd (Scomi). MARC had earlier placed KMCOB's Sukuk rating on MARCWatch Negative on rising risks associated with Scomi's delayed internal restructuring of its oilfield services business and SOL's tight liquidity.

The current rating action, which affects MYR 302.55 million of outstanding notes, follows the completion of Scomi's corporate exercise and takes into account SOL Group's success in obtaining new bank borrowings to fund its working capital needs. The rating of KMCOB's Sukuk continues to be driven primarily by the creditworthiness of its parent company, SOL which has extended a corporate guarantee for the Sukuk.

Prior to the restructuring, losses from the Western Hemisphere oilfield services business had been a drag on the performance of SOL and its credit profile. The recently completed internal restructuring exercise entailed the transfer of SOL's loss making Western Hemisphere oilfield services business out of SOL Group across to Scomi Oiltools Bermuda Limited (SOBL); the regrouping of Scomi's Eastern Hemisphere oilfield services business under SOL; and Scomi's disposal of SOL to Scomi Energy Services Bhd, (formerly known as Scomi Marine Limited) (Scomi Energy Services). Post-completion of the aforementioned corporate exercise, SOL now operates as a subsidiary of Scomi Energy Services.

MARC expects the restructuring to benefit SOL's margins and pave the way towards improved credit metrics as well as greater financial flexibility at both SOL and Scomi Energy. The rating agency notes a trend toward generating increased EBITDA in 2013, supported by satisfactory order book replenishment. SOL's order book, which includes a recently secured $700 million project awarded by national oil company Petroliam Nasional, currently stands at approximately $1.5 billion.

Subsequent to the rating agency's negative MARCWatch placement in January 2013, SOL has secured $28.35 million in the form of working capital credit lines from two banks to fund its working capital requirements. This development somewhat alleviates MARC's concern over SOL's ability to fund its new projects and improve its liquidity position. Management believes that its present credit facilities together with the additional financing to be procured will be sufficient to fund SOL's working capital needs for 2013. The group is expected to obtain additional financing in the near future to support its pipeline of orders.

The negative outlook, meanwhile, reflects expectation that the SOL's financial measures, particularly its cash flow protection measures, will remain weak for its current rating level. KMCOB has little liquidity cushion and has obtained a waiver of compliance with its annual debt service cover ratio (ADSCR) for the period from October 1, 2012 through June 30, 2013. The delay in SOL's disposal of its West African assets has also affected its deleveraging timeline.

The rating could come under pressure if SOL's credit metrics fail to strengthen as expected. The outlook could revert to stable if SOL's core earnings, cash generation and liquidity show meaningful and sustainable improvement over the coming quarters.

Posted by Aston > 2013-04-10 11:18 | Report Abuse

NOTE...Polling date set on SUNDAY MAY 5

Posted by pathew > 2013-04-10 11:27 | Report Abuse

aston, announced already?

Posted by cherry tomato > 2013-04-10 11:32 | Report Abuse

how u know May 5?

Posted by Aston > 2013-04-10 11:32 | Report Abuse

Officially not announce yet...

Posted by khalil992418 > 2013-04-11 17:21 | Report Abuse

Very slow motion....

Posted by potenza10 > 2013-04-11 18:20 | Report Abuse

khalil....brape lot pegang ini scomi? :)

Posted by rocket > 2013-04-11 19:31 | Report Abuse

斯人獨憔悴！

Posted by lonelyreload > 2013-04-11 21:11 |

Post removed.Why?

Posted by khalil992418 > 2013-04-12 21:19 | Report Abuse

Shah increase buy more shares but in small units.......

Posted by khalil992418 > 2013-04-12 21:22 | Report Abuse

Any news for rail project...? Petronas would stay quietly on the OnG contract, i believe they are very busy with Pengerang project.

Posted by jacko > 2013-04-12 21:27 | Report Abuse

Slow slow and steady mah......he in the millions already in the scomi shares

Posted by yifie_911 > 2013-04-12 22:46 | Report Abuse

buy together with shah

Posted by khalil992418 > 2013-04-13 00:42 | Report Abuse

Hahaha buy together and sink together. Believe it RM4.9bil (>3years average) contract value in hand its not enough to push up the price in near time unless other big fish buy aggressively in bulk. Shah need to convince financial trust fund to invest in Scomi.......
The best part in 3 month past, the share price were in range 0.335-0.36. It is very weird the 2 party (Abu Sahid & Shah from Kaspadu) keep increasing their stake in SGB, even though less than rm100k. I think most of us waiting good news from Scomi whether they secure big project.

Posted by bbull > 2013-04-13 06:37 | Report Abuse

lousy stock
dont buy
so many performing stocks
to choose from in bursa
cut your losses & move on

Posted by lonelyreload > 2013-04-13 15:22 |

Post removed.Why?

Posted by alenac > 2013-04-14 11:50 | Report Abuse

this stock is not for weak holders, the counter needs time to move in line with jobs uptake.

Posted by alexisvics > 2013-04-14 21:39 | Report Abuse

Ha.... 25sen is possible when pkr win 50 n Bn win 50.

Posted by alenac > 2013-04-14 21:47 | Report Abuse

No, 20 sen also possible!

Posted by lonelyreload > 2013-04-15 20:24 |

Post removed.Why?

Posted by khalil992418 > 2013-04-15 20:45 | Report Abuse

Cool....

Posted by lonelyreload > 2013-04-18 02:25 |

Post removed.Why?

Posted by rupert > 2013-04-19 09:37 | Report Abuse

Sudah mati this share....

Posted by rupert > 2013-04-19 09:38 | Report Abuse

Abu pls comment....!!!

Posted by jacko > 2013-04-20 01:30 | Report Abuse

This one KNN counter

Posted by lonelyreload > 2013-04-20 15:38 |

Post removed.Why?

Posted by alenac > 2013-04-20 23:55 | Report Abuse

Dun panic accumulation still positive and stable.

Posted by alexisvics > 2013-04-21 11:03 | Report Abuse

Support at 33.5--34sen. If break, it might go to 30sen. :(

Posted by khalil992418 > 2013-04-21 11:27 | Report Abuse

It's good sign bro, even go lower than also good bro

Posted by jacko > 2013-04-21 11:30 | Report Abuse

If Najib can move the KLCI to 1800 by GE this will be something...

Posted by khalil992418 > 2013-04-21 13:09 | Report Abuse

Don't dreaming bro, scomi is not a blue chip company. Market capitalization for scomi can not improve KLCI even 1 points. Past 3 weeks after Parliment dissolve, blue chip company Mayabank, Axiata,Tenaga and CIMB share support the KLCI performance. Market cap for scomi...?

Posted by jacko > 2013-04-21 13:49 | Report Abuse

U must be new......last 2 weeks was second liners moving....were u asleep?

Posted by lonelyreload > 2013-04-21 20:34 |

Post removed.Why?

Posted by khalil992418 > 2013-04-21 21:01 | Report Abuse

Jacko..how much the market cap for scomi? 1800 its very long2 way to go. Dream...dream...