Posted by JaJa7777 > 2017-11-19 12:17 | Report Abuse

Its not a strategy - its purely survival..

Posted by chinaman > 2017-11-19 12:35 | Report Abuse

it should just spin off loss making monorail business, instead of dragging whole vessel sinking. this consolidation will pull down scomies real potential. i dont really support this consolidation idea. desperate time need desperate move for survival.

Posted by nippy65 > 2017-11-21 09:56 | Report Abuse

The current share price and the trend show all is not well with the result announcment next week.

Posted by IkanBawang > 2017-11-21 10:09 | Report Abuse

nippy65 You means for this counter or for whole market.

Posted by nippy65 > 2017-11-21 10:25 | Report Abuse

IkanBawang, specifically Scomi group. Even mkt as a whole has no excitment and a protracted dull one as well.

Posted by IkanBawang > 2017-11-21 11:07 | Report Abuse

nippy65 so for your opinions should i collect scomi as lower price

Posted by IkanBawang > 2017-11-21 13:07 | Report Abuse

any advice ??

Posted by nippy65 > 2017-11-21 15:19 | Report Abuse

IkanBawang, I am downside bias with the Scomi group. Chance of the prices of going down another 2 sens is high. And to shoot up in share price, very remote. What cards do they have to lay down on the table ? Consolidation is nothing to shout about. In fact it can get worst if no contracts coming in. Any good comimg from the group if any would be 2nd half 2018. with no replenishment of orderbook or year to year incremental in the size of the orderbook, no consolidation will die fast, consolidation will die slower and later. where are those big projets which were mentioned in the press during the last released of the qtyly results and the consolidation campaign, like the China monorail and green energy which they spoke with confidence to get them by end of 2017 ? Still have a little more than a month left.

Posted by IkanBawang > 2017-11-21 16:49 | Report Abuse

nippy65 but not only scomi price drop. i think more than stock also going down . i also dunno what the problem fot the market ?

Posted by Richboo > 2017-11-23 09:57 | Report Abuse

Coming

Posted by nippy65 > 2017-11-24 09:48 | Report Abuse

Report on the Mumbai monorail couch catching fire around 2 week ago has now put the blame on the contractor, Larsen & Toubro and Scomi. This is according to the report from Mumbai Metropolitan Region Development Authority with the state Urban Development dept which pointed to the issue of non issuance of Certificate Of Fitness to operate. I do not have the full details of the article and I cannot remember the sum involved. It seems the the contractors were have to replace the burnt coach. Togther with issues pending with Pasaranan, how are all these going to pan out in the ongoing concern of Scomi Engineering and vis-a-vis Scomi Group Bhd. All does not seems to augar well moving forward. Would there be implication on the consolidation exercise ? Any comment from this chat group ?

Posted by chinaman > 2017-11-24 12:42 | Report Abuse

monorail really headache. just close this business unit, put all focus on oil & gas- core competence

Posted by nippy65 > 2017-11-24 14:20 | Report Abuse

In the end whatever made byOphir will all be depleted by Scomien. Lets look at the qtyly report next week. Be prepared by some earth shacking numbers ?

Posted by nippy65 > 2017-11-24 15:00 | Report Abuse

First_Oil, really ?

Posted by JaJa7777 > 2017-11-26 12:42 | Report Abuse

Interim report / news....
http://www.hindustantimes.com/mumbai-news/mumbai-monorail-is-a-death-trap-during-fires-say-experts/story-fi6ZspsMRyP3k8Xm7s36iP.html

Posted by Khisyam > 2017-11-27 09:36 | Report Abuse

Does the trget price achievable? It has been like that since ayear ago.

Posted by longvalley > 2017-11-27 12:40 | Report Abuse

Buy tic caunter same like buy ikan tak da garam...........tambah garam dari laut merah pun ikan hancus.......hee

Posted by nippy65 > 2017-11-30 09:35 | Report Abuse

Judgement day today. From the look of the share prices for all 3 counters, is going to be pathethic.

Posted by JaJa7777 > 2017-11-30 19:04 | Report Abuse

Judgement day indeed.....
Posted NP for the year so far (All three companies) -134,681,000..
We already know Q3 is going to be bad, more falling revenue, more court cases, more fines.

So how long before the share prices start to free fall???

Will they make it to Q4 or close the doors????????

Posted by First_Oil > 2017-11-30 21:42 | Report Abuse

employee epf late for past few month... payroll not on time. really bad shape company..

Posted by Nobulshit > 2017-12-02 16:41 | Report Abuse

Hi First Oil, my apology for asking this question, how did you know that SCOMI is late on EPF contribution as well as the payroll?

Posted by Richboo > 2017-12-06 20:47 | Report Abuse

Can buy now ? Please advise

Posted by JaJa7777 > 2017-12-10 12:23 | Report Abuse

More doom and gloom...

http://www.dnaindia.com/business/report-dna-exclusive-monorail-co-lt-scomi-may-lose-rs-250-cr-guarantees-2565863

All three groups heading into free fall...?

Posted by JaJa7777 > 2017-12-11 18:36 | Report Abuse

All three counters hitting 1 month low and still falling....

Posted by JaJa7777 > 2017-12-11 18:38 | Report Abuse

SCOMI GROUP an SCOMI ENERGY ready to hit 52 week low this week???

Posted by nippy65 > 2017-12-13 09:05 | Report Abuse

Scomi will be pushed higher to make it attractive for Scomies and Scomien shareholders to accept swap. After the exercise, is another story altogether.

Posted by IkanBawang > 2017-12-13 10:42 | Report Abuse

My investor informed can hit to 0.23

Posted by Pak Andak > 2017-12-13 10:58 | Report Abuse

Scomi will be pushed higher .

Posted by Pak Andak > 2017-12-13 11:01 | Report Abuse

Extraordinary General Meeting
Date & Time 04-Jan-2018 10:00
Depositor Date 29-Dec-2017
Venue Dewan Berjaya, Bukit Kiara Equestrian & Country Resort, Jalan Bukit Kiara, Off Jalan Damansara, 60000 Kuala Lumpur, Malaysia
Description (I) PROPOSED SHARE CONSOLIDATION (II) PROPOSED BONUS ISSUE OF WARRANTS (III) PROPOSED MERGER OF SCOMI ENERGY (IV) PROPOSED MERGER OF SCOMI ENGINEERING

Posted by nippy65 > 2017-12-13 14:55 | Report Abuse

IkanBawang, I think at best 0.18 - 0.20. I hope to be wronged.

Posted by Pak Andak > 2017-12-13 23:41 | Report Abuse

Market Cap: 288 Million
NOSH: 1,918 Million
Avg Volume (4 weeks): 1,720,026
4 Weeks Range: 0.125 - 0.16
4 Weeks Price Volatility (%):
71.43%
52 Weeks Range: 0.10 - 0.215
52 Weeks Price Volatility (%):
43.48%
Average Price Target: 1.07
Price Target Upside/Downside: +0.92

Posted by jarodpretender > 2017-12-14 10:06 | Report Abuse

terbaek

Posted by Pak Andak > 2017-12-14 10:14 | Report Abuse

Ini kalilah....
Go in now..

Extraordinary General Meeting
Indicator Notice of Meeting
Description (I) PROPOSED SHARE CONSOLIDATION
(II) PROPOSED BONUS ISSUE OF WARRANTS
(III) PROPOSED MERGER OF SCOMI ENERGY
(IV) PROPOSED MERGER OF SCOMI ENGINEERING
Date of Meeting 04 Jan 2018
Time 10:00 AM

Posted by freeman > 2017-12-14 11:39 | Report Abuse

http://m.utusan.com.my/berita/wilayah/kl-putrajaya/khidmat-monorail-trem-bakal-diwujudkan-di-putrajaya-1.571002

Posted by Richboo > 2017-12-27 09:52 | Report Abuse

Coming target 0.16

Posted by Pak Andak > 2017-12-27 15:37 | Report Abuse

52 Weeks Range: 0.10 - 0.215

Posted by Pak Andak > 2017-12-27 15:49 | Report Abuse

Posted by First_Oil > Nov 13, 2017 10:25 AM | Report Abuse

strong buy

coming soon be patients

Posted by Richboo > 2017-12-28 08:01 | Report Abuse

Closing at 0.17

Posted by Pak Andak > 2017-12-28 08:04 | Report Abuse

Posted by Richboo > Dec 28, 2017 08:01 AM | Report Abuse

Closing at 0.17

Agreee....keep for next coming

Posted by Pak Andak > 2017-12-28 21:03 | Report Abuse

KUALA LUMPUR: The Scomi group expects to strengthen its financial base by merging its three listed entities under Scomi Group Bhd . ... Scomi Group currently holds 65.64% equity interest in SESB and a 72.33% stake in SEB. ... SESB shareholders will get three new Scomi Group shares for ...

Posted by Pak Andak > 2017-12-28 21:06 | Report Abuse

Scomi Group said the new group structure would provide shareholders direct access to its business going forward.

For SESB’s and SEB’s shareholders, the privatisation is expected to provide them with the opportunity to realise the value of their equity at a premium and participate in future growth of the new group. This will also provide SGB with a broader shareholders base and better shareholders spread.

“The management of Scomi Group is optimistic that the proposals provide the group with a stronger financial base and will also accord the group flexibility in allocating resources between its business segments. This is the key to Scomi Group’s goal to develop new growth areas, namely in renewables and chemicals,” Scomi Group said.
Read more at https://www.thestar.com.my/business/business-news/2017/08/21/scomi-group-proposes-merger-and-to-delist-its-two-subsidiaries/#8qZ1IfeqHTZ2lphU.99

Posted by Khisyam > 2017-12-29 15:27 | Report Abuse

Shud buy ka?

Posted by JaJa7777 > 2018-01-04 16:21 | Report Abuse

A bit of a poor result at the voting polls....... was only to be expected i guess and ES were not really in the running to stand alone.
Will the new entity be able to survive long enough to make any difference to the losses, lack of work and failing business?????
Whats next????? Watch the share prices bounce up and down for a while and wait for the Q3 results.

Posted by Ameera > 2018-01-04 19:40 | Report Abuse

Mind to share what is the price per share after the consolidation, 2:1?
Anyone?? Thanking in advance..

Posted by arbao > 2018-01-05 12:24 | Report Abuse

Never ever buy tis, this company suck

Posted by freddiehero > 2018-01-05 18:39 | Report Abuse

lets fly together dude..

Posted by warren_lunchbuffet > 2018-01-09 08:11 | Report Abuse

buy..buy..buy

Posted by setia2u > 2018-01-09 19:39 | Report Abuse

Buy SCOMIEN instead, with the 2 to 1 merger on track, with current SCOMI price of 17.5, SCOMIEN shall be 43.5, but only 31.5 now, easily 30% upside waiting, good arbitration.

Posted by freddiehero > 2018-01-10 10:34 | Report Abuse

hold long long dude!

Posted by Weng Seah > 2018-01-10 13:32 | Report Abuse

these share is quite cheap now. should get some