yaloe. each time we scold him, it will rise. wakaka. boss is too stingy. want us to support consolidation but don't want to pump in more. we mass reject the consolidation...then, only they will more generous
Lets build the Trinity Triangle Tri-Tower which have triplet three identical tower like the twin tower of the black & white tower, where one side of the tower is white yet another side of the twin tower is the opposite colour which is black colour.. like ying & yang where balance of ups & down..good & bad in life where white symbol of bright up good good & black darkess down time need to push go back up like that
The audit report observed that a rate contract for hiring of mud engineering services from M/s SCOMI Oil Tools Ltd was awarded on June 26, 2013 for one year. The contractor provided services on different wells from June 2013 to February 2016 for Rs 7822.217 million. In 2016, the management got the sample of mud tested from different independent labs and found it substandard, according to the audit report.
The report maintained that the executive committee of the OGDCL decided to conduct an inquiry to ascertain the facts and fix the responsibility but the audit department was not informed about the outcome of the inquiry. “Since the management of the OGDCL did not ensure regular inspection through lab testing as per agreement therefore the quality of chemicals and services was not known to the management throughout the period of contract. This resulted in payment of Rs 7822.217 million for substandard chemicals,” the report stated.
should appoint Jaja7777 as scold me CEO to do post-mortem surgery and fix root problems once for all. their management is too lousy, nothing to do with business prospects. i guess mud engineering and monorail have large potentials but somehow mediocre result due to shit management. aiya. let others take over better. ikan bilis suffer silently due to stupid idiot mgt
last time, i thought Tan Sri Abu Shahid will launch a hostile take over on scold me, somehow halted during oil downturn last 3 years. Hopefully, Tan Sri will resume this take over, make a cleansing of mgt. Ikan bilis look forward for your take over. i guess many will support you as we suffer too much under current lousy mgt
nippy65 - In the black/red???? good question.......
Will be interesting to see what the figures are looking like now with the previous stated revenue streams now removed.... or was it too late to remove them?????? Will we see more announcements on the proposed merger coming out soon to delay things again or try and push the prices up??? Interesting times......
Seems the entire company hangs on the Ophir field and apparently how well it is going to do, all that and the merger hasn't even happened yet. If the QoQ is bad they will really need Ophir to be doing well and everyone's eyes to be else where to not notice that the sinking ship is still sinking.........
65% of 30% = 19.5 cents in the dollar less (-) operating and production costs = enough to make a difference and turn things round???????
JaJa7777 Firstly, Mumbai monorail fire is really really bad news. Secondly, I think the qtyly results will be in the red of prehaps even crimson. Even if Ophir can deliver, the profit will be obliterated by the losses incurred from other business activities. It has been a long time since we hear any positive news coming from the Scomi group that can generate substance to the bottomline of the P&L account. I only see the current difficult period continues to protract for a much longer period unless awarded with big contracts which it seems to be out of the radar. At the moment, no clarity except uncertainty. I hope to be proven wrong.
yes, today Scomi-Octanex-Vestigo is having first oil celebration for Ophir field. Estimate 5000 BOPD, justify by hibiscus only produce 3700 bopd alredy shoot up like rocket to 80 cents...
Hibiscus and Scomi....... You can't compare Apples with Oranges.
Hibiscus - A focused exploration and development company with high % holdings in assets and concessions (100% in some cases) active and operating in several fields...
Scomi - Apart from the three failing company’s with massive debt, operating costs that are not being met, no new business...... they only have one 30% share in a marginal field. the expected revenue from Ophir once the production and operating costs have been considered will not cover the operating costs of Scomi energy or repay any of the debts.
So 65% of nothing left over from Scomi energy will go to Scomi group....
Just my opinion but any hike in Scomi share price will be a short-term knee jerk reaction to some marginally good news, qtr reports will come out and the reality will hit....
All good for sort term quick turnaround if you get your timing right but pretty point less for the long term or serious investor let alone anything else..
2nd Qtr due to publish end of this month 3rd Qtr is inclusive of this month. Any reflection of Ophir should show in Scomi EN and will be in 3rd Qtr but honestly it will be in as revenue (dependant on oil sale) and will not offset the operating costs, overheads, loans and repayments of EN let alone leave anything for group to take 65% of.........
I believe that Scomi group will not be able to touch anything from Ophir until mid-2018?? if things stay the way they are - hence their desperate need for the merger to show any revenue under the Scomi group
Sime darby choose split into 3 units whereas scomi choose units' consolidation into 1. whose strategy is right or wrong?
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Posted by Espresso > 2017-09-28 12:49 | Report Abuse
Sifu Ganii must make a lot from 0.115. Should listen to you last month.