Posted by mikeann > 2016-01-28 16:21 | Report Abuse

Crude oil price rebounding. Good for Scomi .

Posted by scenic > 2016-01-29 10:27 | Report Abuse

Let's take in more.

Posted by valueinvestor > 2016-01-31 11:35 | Report Abuse

https://www.youtube.com/watch?v=mHXMeJieA-8

Posted by nippy65 > 2016-02-02 15:33 | Report Abuse

i_Investor, can you shed some lights for Scomies. Share price seems to suffer from diarrhoea. You are an admirer of their model. Is the model adapting to the changing tides and climate? At the end, the reality is in the numbers. What is your take on the qty results this month ?

Posted by i_investor > 2016-02-10 11:59 | Report Abuse

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OCTANEX: http://www.octanex.com.au/

OCTANEX DIRECTOR SHARE PURCHASE: http://www.octanex.com.au/publication/view/director-share-purchase/

OPHIR OIL FIELD – DEVELOPMENT DETAILS : http://www.octanex.com.au/activities/ophir/


The new field development plan was approved by PETRONAS in September 2015.


A syndicate comprising Malayan Banking (Maybank), RHB Bank and United Overseas Bank is financing the project. A loan of up to $118.76m will be provided to cover 75% of the planned expenditure for a period of four years, in addition to a bank guarantee facility of $13.5m.


See more at : http://www.offshore-technology.com/projects/ophir-oil-field-development/


SCOMI EARNINGS REFERENCE http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458XF300


OCTANEX: http://www.octanex.com.au/

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Posted by davidkkw79 > 2016-02-11 12:40 | Report Abuse

10 sen is coming soon !

Posted by Markus See > 2016-02-11 14:02 | Report Abuse

https://fast.bnm.gov.my/fastweb/public/PublicInfoServlet.do?chkBox=2016020400019&mode=DISPLAY&info=NEWS&screenId=PB010400

Content
We, as the Facility Agent of the Bonds under the stock code: DG130002, wish to inform that the Bonds will mature on 5 February 2016 and the Bonds will automatically be converted into new fully paid ordinary shares of RM0.10 each of SGB upon the maturity date of the Bonds.

Please be notified accordingly.

Posted by i_investor > 2016-02-15 11:56 | Report Abuse

IJM among 5 frontrunners for RM2bil MRT 2 viaduct job. (The Star) with competitive advantage SCOMI (7.66% owned) as IJM's MRT solutions arm .


SCOMI profile: http://www.scomi.com.my/GUI/video/klmonorail/video_rail.html

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Posted by value_invest > 2016-02-16 10:54 | Report Abuse

Seem good time to bottom buy

Posted by i_investor > 2016-02-16 16:51 | Report Abuse

BUY!!!

Posted by i_investor > 2016-02-16 16:55 | Report Abuse

INCREASE POSITION MORE WHEN HIT 0.185 AND ABOVE !!!

Posted by i_investor > 2016-02-18 09:17 | Report Abuse

BUY!!! BUY!!! BUY !!!!

Posted by i_investor > 2016-02-18 09:42 | Report Abuse

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The conversion price for convertible bonds issued to IJM Corp Bhd by SCOMI is pegged at 36.5 sen per share.

Construction jobs from MRT 2 are expected to be awarded from next month (The Star)

SCOMI profile: http://www.scomi.com.my/GUI/video/klmonorail/video_rail.html

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Posted by i_investor > 2016-02-18 20:36 | Report Abuse

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IJM Corp Bhd will emerge as the single largest shareholder of SCOMI Group Bhd with about 24.36% stake via a RM110 million renewable convertible bonds issue.

Converted 348,873,287 shares at 36.5 sen per share.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5002365

RECAP:

IJM set to be SCOMI's single largest investor
( more details: http://www.ijm.com/web/newsroom/what_130201_bt.htm)

SCOMI up 10% after IJM says will buy stake
(more details: http://www.themalaysianinsider.com/business/article/scomi-up-10pc-after-ijm-says-will-buy-stake)

IJM entry allows SCOMI to obtain RM118m bridging loan
(more details: http://www.ijm.com/web/newsroom/what_130117_ed.htm)

IJM, SCOMI in the running for the RM27Bil PDP (PRASARANA) job:
(more details: http://www.thestar.com.my/business/business-news/2014/07/12/prasarana-joins-the-fray-fed-govt-entity-keen-on-proposed-transport-job-on-penang-island/ )

Scomi Group Bhd may be attracting attention of late as the tenure of its three-year RM110 million convertible bonds issued to IJM Corp Bhd:
( more details: http://www.theedgemarkets.com/my/article/what-will-ijm-do-its-interest-scomi )


SCOMI EARNINGS REFERENCE http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458XF300

SCOMI profile: http://www.scomi.com.my/GUI/video/klmonorail/video_rail.html

SCOMI: http://www.scomigroup.com.my/



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Posted by value_invest > 2016-02-19 09:43 | Report Abuse

IJM choose to convert the bond to mother shares at RM0.365 instead to redeem the bond.. GOOD NEWS? anyone know why?

Posted by i_investor > 2016-02-19 09:52 | Report Abuse

It means the bond has been redeem and converted to SCOMI shares at RM0.365 per share! It is good news!

Posted by value_invest > 2016-02-19 09:53 | Report Abuse

why convert at so high price? not redeeem?

Posted by i_investor > 2016-02-19 09:58 | Report Abuse

It means the bond has been redeemed and converted to SCOMI shares at RM0.365 per share! It is good news!

Posted by i_investor > 2016-02-19 10:14 | Report Abuse

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IJM among 5 frontrunners for RM2bil MRT 2 viaduct job. (The Star) with competitive advantage SCOMI (24.36% owned) as IJM's MRT solutions arm .

IJM Corp Bhd has emerged as the single largest shareholder of SCOMI Group Bhd with about 24.36% stake.

Construction jobs from MRT 2 are expected to be awarded from next month (The Star)

RECAP:

IJM set to be SCOMI's single largest investor
( more details: http://www.ijm.com/web/newsroom/what_130201_bt.htm)

SCOMI up 10% after IJM says will buy stake
(more details: http://www.themalaysianinsider.com/business/article/scomi-up-10pc-after-ijm-says-will-buy-stake)

IJM entry allows SCOMI to obtain RM118m bridging loan
(more details: http://www.ijm.com/web/newsroom/what_130117_ed.htm)

IJM, SCOMI in the running for the RM27Bil PDP (PRASARANA) job:
(more details: http://www.thestar.com.my/business/business-news/2014/07/12/prasarana-joins-the-fray-fed-govt-entity-keen-on-proposed-transport-job-on-penang-island/ )

Scomi Group Bhd may be attracting attention of late as the tenure of its three-year RM110 million convertible bonds issued to IJM Corp Bhd:
( more details: http://www.theedgemarkets.com/my/article/what-will-ijm-do-its-interest-scomi )


SCOMI EARNINGS REFERENCE http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458XF300

SCOMI profile: http://www.scomi.com.my/GUI/video/klmonorail/video_rail.html

SCOMI: http://www.scomigroup.com.my/

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Posted by i_investor > 2016-02-19 14:28 | Report Abuse

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KEEN ON FIGHTING FOR THE CONTROL OF SCOMI - THIS IS GOOD NEWS !!!


Previously, Shah Hakim @ Shahzanim Zain was the company’s single largest shareholder.

IJM had converted its convertible redeemable secured bonds of an aggregate nominal value of RM110mil to an equity stake.

The conversion was done at a share price of 36.5 sen, which is more than double its current share price of 15 sen.

The conversion will give IJM an immediate 24.4% stake in the SCOMI from an earlier 7.66% .

It showed IJM's confidence in Scomi Group,

The conversion price was at a discount to Scomi Group’s latest reported book value per share of 47 sen.

IJM Corp Bhd has emerged as the single largest shareholder in Scomi Group Bhd after converting its bonds to equity.

Pursuant to this transaction, Shah Hakim will see his effective direct and indirect stakes in Scomi being diluted to 18.3%.

Datuk Kamaluddin Abdullah, a major shareholder, will see his effective stake being diluted to 9% from 11.08%.

Major institutional holding funds such as Amadia Investments Ltd, TAEL One Partners Ltd and United Overseas Bank Ltd will also see each of their stakes being diluted to 7.9%, respectively.

It would be interesting to see how the company deals with its increased shareholding in the Scomi Group.

Shah Hakim and Datuk Kamaluddin Abdullah, son of former prime minister Tun Abdullah Ahmad Badawi will have to GRAB THE SHARES OF SCOMI from open market in order to increase their stake of control in SCOMI but shareholders may not let go their shares at any price below 40 sen.

Hence, the share price of SCOMI is GOING TO SPIKE UP !!!


.

Posted by hng33 > 2016-02-19 15:21 | Report Abuse

Bought scomi at 17.5sen

Posted by hng33 > 2016-02-19 15:22 | Report Abuse

Bought more scomi at 18sen

Posted by motainai > 2016-02-19 15:42 | Report Abuse

i bought at 0.175 too..btw, does any 1 here focus a tp in the short term? tks.

Posted by i_investor > 2016-02-19 15:45 | Report Abuse

Good !!! This is once a lifetime chance to at least double or triple and more !!!

Posted by value_invest > 2016-02-19 16:10 | Report Abuse

GOOD news, The crown jewel in scomi group is scomi energy which contribute about 85% of scomi's earning.. Will see scomi energy spike up...

Posted by value_invest > 2016-02-19 16:11 | Report Abuse

scomi energy's drilling fluids is the 3rd largest in the world.. prefer scomi energy..

Posted by value_invest > 2016-02-19 16:15 | Report Abuse

HONG LEONG GROUP BOSS Tan sri had invested in scomi energy years ago at very high price.. The fighting of control in scomi is not new, there is market talk the fighting surface again at this low price recently..

Posted by value_invest > 2016-02-19 16:21 | Report Abuse

The fighting of controlling surface among Shah Hakim and Datuk Kamaluddin Abdullah, son of former prime minister Tun Abdullah Ahmad Badawi and IJM will be interesting...

Posted by value_invest > 2016-02-19 16:22 | Report Abuse

This conversion of scomi bond by IJM at RM0.365 come as a surprise to market, IJM can opt to redeem the bond.. Fighting war is starting,,,

Posted by i_investor > 2016-02-19 16:41 | Report Abuse

.

KEEN ON FIGHTING FOR THE CONTROL OF SCOMI - THIS IS GOOD NEWS !!!


Previously, Shah Hakim @ Shahzanim Zain was the company’s single largest shareholder.

IJM had converted its convertible redeemable secured bonds of an aggregate nominal value of RM110mil to an equity stake.

The conversion was done at a share price of 36.5 sen, which is more than double its current share price of 15 sen.

The conversion will give IJM an immediate 24.4% stake in the SCOMI from an earlier 7.66% .

It showed IJM's confidence in Scomi Group,

The conversion price was at a discount to Scomi Group’s latest reported book value per share of 47 sen.

IJM Corp Bhd has emerged as the single largest shareholder in Scomi Group Bhd after converting its bonds to equity.

Pursuant to this transaction, Shah Hakim will see his effective direct and indirect stakes in Scomi being diluted to 18.3%.

Datuk Kamaluddin Abdullah, a major shareholder, will see his effective stake being diluted to 9% from 11.08%.

Major institutional holding funds such as Amadia Investments Ltd, TAEL One Partners Ltd and United Overseas Bank Ltd will also see each of their stakes being diluted to 7.9%, respectively.

It would be interesting to see how the company deals with its increased shareholding in the Scomi Group.

Shah Hakim and Datuk Kamaluddin Abdullah, son of former prime minister Tun Abdullah Ahmad Badawi will have to GRAB THE SHARES OF SCOMI from open market in order to increase their stake of control in SCOMI but shareholders may not let go their shares at any price below 40 sen.

Hence, the share price of SCOMI is GOING TO SPIKE UP !!!


.

Posted by projecti2016 > 2016-02-19 16:42 | Report Abuse

goreng up

Posted by i_investor > 2016-02-19 16:43 | Report Abuse

.

IJM among 5 frontrunners for RM2bil MRT 2 viaduct job. (The Star) with competitive advantage SCOMI (24.36% owned) as IJM's MRT solutions arm .

IJM Corp Bhd has emerged as the single largest shareholder of SCOMI Group Bhd with about 24.36% stake.

Construction jobs from MRT 2 are expected to be awarded from next month (The Star)

RECAP:

IJM set to be SCOMI's single largest investor
( more details: http://www.ijm.com/web/newsroom/what_130201_bt.htm)

SCOMI up 10% after IJM says will buy stake
(more details: http://www.themalaysianinsider.com/business/article/scomi-up-10pc-after-ijm-says-will-buy-stake)

IJM entry allows SCOMI to obtain RM118m bridging loan
(more details: http://www.ijm.com/web/newsroom/what_130117_ed.htm)

IJM, SCOMI in the running for the RM27Bil PDP (PRASARANA) job:
(more details: http://www.thestar.com.my/business/business-news/2014/07/12/prasarana-joins-the-fray-fed-govt-entity-keen-on-proposed-transport-job-on-penang-island/ )

Scomi Group Bhd may be attracting attention of late as the tenure of its three-year RM110 million convertible bonds issued to IJM Corp Bhd:
( more details: http://www.theedgemarkets.com/my/article/what-will-ijm-do-its-interest-scomi )


SCOMI EARNINGS REFERENCE http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458XF300

SCOMI profile: http://www.scomi.com.my/GUI/video/klmonorail/video_rail.html

SCOMI: http://www.scomigroup.com.my/

Posted by yifie_911 > 2016-02-19 16:43 | Report Abuse

Now, wonder what is the purpose of IJM to convert the bond and what are they planning. If sth big and significant, then current price is damn cheap

Posted by i_investor > 2016-02-19 16:44 | Report Abuse

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IJM among 5 frontrunners for RM2bil MRT 2 viaduct job. (The Star) with competitive advantage SCOMI (24.36% owned) as IJM's MRT solutions arm .

IJM Corp Bhd has emerged as the single largest shareholder of SCOMI Group Bhd with about 24.36% stake.

Construction jobs from MRT 2 are expected to be awarded from next month (The Star)

RECAP:

IJM set to be SCOMI's single largest investor
( more details: http://www.ijm.com/web/newsroom/what_130201_bt.htm)

SCOMI up 10% after IJM says will buy stake
(more details: http://www.themalaysianinsider.com/business/article/scomi-up-10pc-after-ijm-says-will-buy-stake)

IJM entry allows SCOMI to obtain RM118m bridging loan
(more details: http://www.ijm.com/web/newsroom/what_130117_ed.htm)

IJM, SCOMI in the running for the RM27Bil PDP (PRASARANA) job:
(more details: http://www.thestar.com.my/business/business-news/2014/07/12/prasarana-joins-the-fray-fed-govt-entity-keen-on-proposed-transport-job-on-penang-island/ )

Scomi Group Bhd may be attracting attention of late as the tenure of its three-year RM110 million convertible bonds issued to IJM Corp Bhd:
( more details: http://www.theedgemarkets.com/my/article/what-will-ijm-do-its-interest-scomi )


SCOMI EARNINGS REFERENCE http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458XF300

SCOMI profile: http://www.scomi.com.my/GUI/video/klmonorail/video_rail.html

SCOMI: http://www.scomigroup.com.my/

Posted by i_investor > 2016-02-19 16:50 | Report Abuse

.

KEEN ON FIGHTING FOR THE CONTROL OF SCOMI - THIS IS GOOD NEWS !!!


Previously, Shah Hakim @ Shahzanim Zain was the company’s single largest shareholder.

IJM had converted its convertible redeemable secured bonds of an aggregate nominal value of RM110mil to an equity stake.

The conversion was done at a share price of 36.5 sen, which is more than double its current share price of 15 sen.

The conversion will give IJM an IMMEDIATE 24.4% stake in the SCOMI from an earlier 7.66% .

It showed IJM's confidence in Scomi Group,

The conversion price was at a discount to Scomi Group’s latest reported book value per share of 47 sen.

IJM Corp Bhd has emerged as the single largest shareholder in Scomi Group Bhd after converting its bonds to equity.

Pursuant to this transaction, Shah Hakim will see his effective direct and indirect stakes in Scomi being diluted to 18.3%.

Datuk Kamaluddin Abdullah, a major shareholder, will see his effective stake being diluted to 9% from 11.08%.

Major institutional holding funds such as Amadia Investments Ltd, TAEL One Partners Ltd and United Overseas Bank Ltd will also see each of their stakes being diluted to 7.9%, respectively.

It would be interesting to see how the company deals with its increased shareholding in the Scomi Group.

Shah Hakim and Datuk Kamaluddin Abdullah, son of former prime minister Tun Abdullah Ahmad Badawi will have to GRAB THE SHARES OF SCOMI from open market in order to increase their stake of control in SCOMI but shareholders may not let go their shares at any price below 40 sen.

Hence, the share price of SCOMI is GOING TO SPIKE UP !!!


.

Posted by value_invest > 2016-02-19 16:51 | Report Abuse

Interesting to see what is going on...

Posted by Blur2investor > 2016-02-19 16:53 | Report Abuse

In the next few days, oil price will be dropping again and this counter will come to .15 again.

Posted by value_invest > 2016-02-19 16:56 | Report Abuse

Let see...its crown jewel, Scomi Energy Services Bhd still lag behind... good to bottom fish

Posted by jackmoo > 2016-02-19 16:59 | Report Abuse

Next few days the thing you also can foresee?

Posted by aziz47 > 2016-02-20 07:06 | Report Abuse

Good and fly next week.

Posted by ivan9511 > 2016-02-20 15:48 | Report Abuse

kellyyu and aziz47 ,do you guys know any good news for scomi,because last Friday I failed to buy scomi at 0.155, due to too many queue and I dont dare to buy at higher price . now very sad and regret ?

Posted by aziz47 > 2016-02-20 19:21 | Report Abuse

ivan9511 ,I think you can monitor at early morning monday. If scomi start move ,maybe can buy but if not move wait and monitor. But for me is positif next week. Hopefully no negatif thing happen at global.

Posted by speaking_up > 2016-02-20 20:45 | Report Abuse

IJM is construction company whereas Scomi O&G. How can they be good partners?

Posted by nippy65 > 2016-02-20 21:41 | Report Abuse

The direction of Scomi's share price will be determined by the 3rd quarter result to be announced very soon and subsequently, the 4th quarter result which ends in March to wrap the full financial year. In addition, how fast contracts can Scomies and Scomien win to add to the orderbook ? In short it all goes back to Fundementals. Earnings and solid orderbook will see mark improvement in share price. The financial reporting must show us the money. In the meantime my strategy is simple - pray hard.

Posted by OPMS > 2016-02-21 09:58 | Report Abuse

I think Scomi price surge currently due to the shareholder's stake war.. maybe they got some good prospect or bagged a project? If there's no such reason i don't think they would fight for better stake at Scomi.

Posted by jackmoo > 2016-02-21 18:43 | Report Abuse

If you just buy big stake at RM0.365, do you want your competitor to grab it 50% cheaper and kick you out? Or you have second option, to sell at market price means have to loss 50% in less than one month, can your major and minor shareholder accept?

Posted by chinaman > 2016-02-21 19:19 | Report Abuse

will IJM privatise SCOMI by increasing stake to MGO threshold 33.0%? Can we contemplate SCOMI as a GLC now with IJM's bail out? Will Pak Lah's son fight back with buying as many as possible at myr0.18- 50% lower than IJM?

Posted by jackmoo > 2016-02-21 19:20 | Report Abuse

Oil price will never usd30 forever.

Posted by jackmoo > 2016-02-21 21:07 | Report Abuse

Privatise, I think unlikely, may be Take over? If this is the goose that lay golden egg, I think noone will let go their stake.

Posted by thesteward > 2016-02-21 22:44 | Report Abuse

tom .20 or more, possible?? ;-)