. yes, china news (scomien) n oil price uptrend (scomies) = scomi as holding company with uptrend momentum as well.. DJA good traction will break 0.20 tomorrow. good luck!
OmManiPadmeHum, how did you get 1H loss 53.547 mil loss. 2nd qrt (Oct 2016 - Dec 2016) not announce yet which is supposed to be out this month. If what you mentioned is true, woh ! where is the fumdamental which is so much needed to sustain the share price to move further up north. Unless and only unless major additional jobs win to boost future earnings. Otherwise, there can only be further deterioration in the financial numbers follow by selldown if not a meltdowm. We have not heard of any contract wins since 9 monthhs ago. What is the value of the orderbook now ? What is the burnrate ? How much of cash is left in the balance sheet now ?
Prices start to slowly drift down from now until the qtr results announcement. The outcome of the financial results will determine the direction unless some positive ammouncement comes along or mere speculative play.
Peng1185, the entire Scomi families have to release the qtr results anytime from now till 28/02/18 but no later than 28/02/17 unless sanction by Bursa for whatever reasons.
Peng1185, it all hinges on the qtr results. If results ok, it will cross 0.20 to touch 0.22/0.23 range. If result is bad, which I have this leaning, you can get cheaper than 0.175. However, I don't see an immediate reaction on the same day when the qtr result is announce, unless it is exceptionally good or terriblely bad.
Would not be surprised to see Scomien visiting 0.40 tomorrow or Wed as " heavy " volume are due for picking up stock, forced sell or rollover. At 0.40, for those who have purchased between 0.135 to 0.20 and still holding, is a hefty 100% profit. Seasoned players would have left long ago. Nonetheless, anything can happen, we will have to lean back and watch the game unfold, if the game is still on.
. looks like party is holding back.. well, just hoping for some news from China (scomien) & Aramco (scomies)
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Posted by Ameera > 2017-02-11 10:47 | Report Abuse
Nice!!!