Still holding Scomi at average price around RM0.43 If the Scomi Engineering is breakeven / profit, then Scomi price will push up. The news of Scomi Engeering to participate in HSR will positive to Scomi as well. Scomi Energy is expected to get more projects due to it unique tecknology in O&G.
Scomien has been making losses for the past few quarters. But losses wasnt too huge. If they can do better this time around, it will help a lot. But if the losses widen then certainly would affect scomi too
Abu is never good for scomi. Look at all the companies that he invested. They aren't performing at all. So is better for him to go. Future looks better without him. Anyway, how much share he is holding nobody could tell. He might just release a bit of shares to scare off investors.
quarter report very soon... but not much price movement.... i wonder how its report look like... sideway sideway......... if red RUN RUN RUN.... Chicken RUN....ahaha
bro rocket, I can only hope it's nothing below last quarter. At least won't spook shareholders. Then we will be safe for another 3 months subjected to unforeseen external forces.
Both Scomies and Scomien need to be profitable enough to give dividend, then only they benefit their mother. Otherwise it's only paper gain and loss. But some profits without dividend is better than loss.
haha... since is end of MAY hold maybe June will be a Rally...surprise you as captain CHANG said.... MAY also fearless why must Run..have faith on this counter....among world top 5 in this drilling fluids sector(wic scomi got the tech but not others), Scomi is the cheapest entry...... if Scomi manage to overcome its debts with new investors coming in..it can save hundred millions of interest in coming year.... great biz right...
if got take over even better.....Suspension of Trading Pending Material announce will be great...either Mati or FLY..... hahaha.. 31st fall on Saturday...maybe the result will out monday.... anxiously wait.....
today T-4 for scomies(for monday rally)...... u can buy late in d afternoon....scomies run scomi run....no rush buying....
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Posted by rocket > 2014-05-26 19:48 | Report Abuse
chang, you are the best tranquilizer in this Scomi forum....everyone feel calm n a bit excited when read your comment :)