Posted by Pilotsport > 2018-01-11 17:29 | Report Abuse

Tomorrow rebound

Posted by WinOng > 2018-01-16 07:11 | Report Abuse

Morning guy, need advice from guy. I saw price revise on scomi mean today can I sell existing unit at this new price or just half of existing unit.?

Posted by WinOng > 2018-01-16 07:12 | Report Abuse

Morning guy, need advice from guy. I saw price revise on scomi mean today can I sell existing unit at this new price or just half of existing unit.?

Posted by Shines > 2018-01-16 08:05 | Report Abuse

At current revised price but half your shares stock only

Posted by kevin > 2018-01-16 08:38 | Report Abuse

Can advise when bonus warrant will be issue and purchase prior to ex yesterday will be entitle for bonus?

Posted by freddiehero > 2018-01-16 09:24 | Report Abuse

y sell.. can shoot up 0.6

Posted by freddiehero > 2018-01-16 09:24 | Report Abuse

long tern pls

Posted by vikrogers > 2018-01-16 11:16 | Report Abuse

@WinOng, with the revised price you only have halve the number of shares you had before [because of the consolidation of shares ]

Posted by scliem > 2018-01-16 16:02 | Report Abuse

Wondering whether peoples sell so hard without realize the x0.5 thing.

Posted by setia2u > 2018-01-16 19:08 | Report Abuse

HAHAHA.... I am sure some of sellers today were not aware that this share has already consolidated ( 2 to 1, now reflected in CDS balance yet) and worse still they thought share price appreciated due to current O&G run, my friend is one of them until I told him. Luckily! If not, will be oversold!

Posted by Shines > 2018-01-17 08:27 | Report Abuse

Why so naive about the happening around

Posted by Shines > 2018-01-17 08:29 | Report Abuse

Earlier said fp is 14c, so now 28c

Posted by scliem > 2018-01-17 10:10 | Report Abuse

@setia2u, may I know what will happens if one oversold...?

Posted by Shines > 2018-01-18 06:56 | Report Abuse

Now the trading platforms wont allow oversell or shortsell, i.e. if you have no or not enough stk in cds, they will reject your trade. Is only you oversold if you have stock, before consolidation if you have 100k stock, now becomes 50k, and if you intend to sell 50k of your stock not knowing the consolidation, you sold all your holdings. Your intention is to sell just half but after consolidation, you sold all.

Posted by scliem > 2018-01-18 09:01 | Report Abuse

@Shines, thank you.

Posted by freddiehero > 2018-01-18 09:55 | Report Abuse

after consolidation can sell full?

Posted by freeman > 2018-01-18 10:36 | Report Abuse

want direct impact on oil n gas just go to scomies lah

Posted by Abilakh > 2018-01-19 15:23 | Report Abuse

Price drop non stop

Posted by nippy65 > 2018-01-19 15:29 | Report Abuse

At the rate it is going, it looks more like a capital reduction rather than consolidation. Full of crap.

Posted by freddiehero > 2018-01-19 18:31 | Report Abuse

@_@

Posted by Alamak99 > 2018-01-22 14:03 | Report Abuse

Why does the price of SCOMI drop post consolidation, when at closing of pre-consolidation was at 0.165?

Theoretically, upon consolidation of SCOMI shares 2 into 1, the price should double up from 0.165 to 0.330, but the market valued it downwards 0.260/0.255 today instead of 0.330 as should be the case?

Posted by Alamak99 > 2018-01-22 14:10 | Report Abuse

Seems like @0.260, SCOMI is undervalued.

Posted by Abilakh > 2018-01-22 15:55 | Report Abuse

buy

Posted by nippy65 > 2018-01-22 16:15 | Report Abuse

As I have said before, going forward what has the group to offer in terms of earnings visiblity, wining contracts and clarity into the messy legal issues in Mumbai and with Pasarana. Ophir profitibilty alone cannot be compromised or bailout for othes loss making sectors like the marine business. Still, we have yet to see Ophir performance, maybe next month. The direction is somewhat blur. A lot of, we tender for this and that in the millions and billions. Todate nothing has come out of it for a long long while. In turn, confidence is an issue with this counter. ..

Posted by freddiehero > 2018-01-22 22:49 | Report Abuse

ya im in

Posted by freddiehero > 2018-01-22 22:49 | Report Abuse

show me ur power plz..

Posted by freddiehero > 2018-01-22 22:50 | Report Abuse

go break 0.5

Posted by Abilakh > 2018-01-23 11:59 | Report Abuse

pre-consol price is only 13.25 sens

Posted by Alamak99 > 2018-01-24 16:55 | Report Abuse

To answer to nippy65, the consolidation exercise is purely a consolidation exercise, and has nothing to do with the future value of SCOMI, another adjustment will be expected post MERGER with SCOMIEN, which will not happen immediately but much further down the road. Until then, SCOMI should only reflect its immediate value and not its future adjusted value post Merger.

Posted by nippy65 > 2018-01-29 21:47 | Report Abuse

Mumbai Metropolitant Reagon Development Authority has said it has made Scomi Engineering 'ineligible' from bidding for the operations of Chembur-Jacob Circle Metropolitant corridor. ...... The reason, Scomi has not maintained Mumbai Monorail in a satisfactory manner and we are not willing to have Scomi onboard for Monorail in future.

The above extracted from Dnaindia Mumbai Monorail. So, what is the future for Scomi Engineering and Scomi Group ? And what is the status in Brazil line 17 ? Going concern issue will resurface ? Reputation at stack ? What can Scomi offer to shareholders in terms of contracts award going forward ? How many contracts have they won in the past one year ?

Posted by nippy65 > 2018-01-30 16:14 | Report Abuse

Now that the equity restructuring is over, the group has to move on looking forward to some good news for shareholders. However for a start , the latest news on Scomi Engineering with respect to development in India on their monorail participation is absolutely very depressing. And the share prices are showing the effect.

Posted by Alamak99 > 2018-02-02 18:51 | Report Abuse

Agree with nippy65, the prospect of SCOMIEN in the Indian and the Brazilian deal has cast shadows on their performance, much less to talk about the local performance in KL. Will SCOMIEN and SCOMI able to get more monorail deals in the future is really becoming more scanty and remote, given the opportunity in Brazil and India has not turned out to be a great moral booster for SCOMIEN/SCOMI.

The Merger exercise announcement just out on 30-Jan-2018 for SCOMIEN at swap of 10 SCOMI shares for every 7SCOMIEN shares held as of 13Feb, plus a bonus of 1 warrant for every 10 )new) SCOMI shares held ex 13-Feb, and at the same time SCOMI shareholders will get a bonus of 1 warrant for every two SCOMI shares held as of 13Feb.

The value of SCOMIEN of 0.30 is already a down revision from last week's peak of 0.35 but an upside of 0.15 from 0.85 prior to the EGM. The intrinsic value going forward is not going to be optimistic given the dismal performance of SCOMIEN in both BRAZIL and INDIA, even after merger if nothing is going to be done apart from the MERGER.

I said that @0.26, SCOMI seems to be undervalued, but that is only to reflect the consolidation exercise of consolidating two existing SCOMI shares into one new SCOMI share, purely nothing to do with the future prospect.

Posted by nippy65 > 2018-02-05 07:33 | Report Abuse

Come 13th Feb, the share swap and bonus warrant will take effect resulting in more Scomi shares in the market. Can the current share price at 0.26 holds by then ? I think is more of a case of downward price pressure. Hope to be wronged. As I said earlier, a closer resemblance to a capital reduction than consolidation. .

Posted by freddiehero > 2018-02-05 15:12 | Report Abuse

nice sound

Posted by DrMario > 2018-02-05 22:53 | Report Abuse

will move to 0.5?

Posted by nippy65 > 2018-02-06 12:18 | Report Abuse

DrMario, we will have to pray very hard for 0.50. Firstly, there is a need for some fundamental improvement in the business, revenue and earnings visibility as catalyst to trigger such uptrend. You see any silver lining ?

Posted by nippy65 > 2018-02-06 12:22 | Report Abuse

Come month end, the quarterly result will speak for itself. Remain pathetic ? I think is going to be a long and winding road.

Posted by Alamak99 > 2018-02-06 12:51 | Report Abuse

I already am smelling that the coming qtr is going to be another loss making. No chance of improvement yet, unless an award in favour of SCOMIEN results in the material litigation against SPAD. BUT this is yet to happen even in the near future.

Posted by Alamak99 > 2018-02-06 12:56 | Report Abuse

Morning session had SCOMI closing at 0.225, and SCOMIEN closing at 0.275
In line with global trend, both are already moving down the ladder.

Posted by Alamak99 > 2018-02-06 13:04 | Report Abuse

Does SCOMIES contribute any profit to SCOMI post merger? Bearing in mind that SCOMIES (Energy) is a service company. Does SCOMI Energy have any production rights to sell crude to collect revenue?

With that in mind, SCOMIES contribution due to higher oil prices is insignificant. SCOMIES revenue will depend on new service contracts being awarded by production owners.

Posted by JaJa7777 > 2018-02-06 13:14 | Report Abuse

Got to agree with Nippy65.

I think a slow decline until Friday, will hold steady early next week.....
Uptrend after the 13th and then the Qty results will be in the following week....... big sell-off and some panicking as the realization sets in.

Scomi will make some announcements about how they are selling of assets and making investments in renewable again and they are tendering in some massive projects and the future is all looking rosy....

A resemblance to a capital reduction??? not sure but something smells not quite right about the whole thing.....
The group aims to pare down its debt with cash from its operations - selling off assets, no new work and falling revenue with increased overheads and costs...
not sure how it is going to use cash from operations when it is running in the negative?????

Something is brewing and i think more of a brown lining.

Capital reduction???
Funds retained in the capital of a company to be returned to its shareholders??? not sure that would ever happen, But If there were a big sell-off after the qty and then the company did a big buy up there are various scenarios that would be extremely beneficiary to the large stock holders (And you know who they are)!!
Allowing a payment of dividends might just be one of them???? this would be very nice for the big holders especially after a big buy up.
Allowing the company to use its capital to buy back Directors shares, again very nice option.
Can all go under the disguise of a capital reduction i guess

All of the above will not have any impact on you or I but those at the top would be sitting very pretty.

Voluntary winding up????
Also make sense for the directors, reduce the debt, reduce the costs and overheads sell off the assets and go down the voluntary route, leaves the directors and major share holders 12 months to collect what ever is left over???

Just my cynical thoughts... it will be an interesting few months that is for sure....

Posted by Abilakh > 2018-02-06 14:40 | Report Abuse

10% down...crazy...pre consol price only 11.25 sens

Posted by JaJa7777 > 2018-02-06 15:02 | Report Abuse

52 week low (pre consol price) by the end of the week???

Posted by nippy65 > 2018-02-06 15:05 | Report Abuse

Without much information to go by, Scomien isfor sure going to impact Scomi Group Bhd negatively unless new job announcement which is not likely to happen. Without new jobs, jobs and jobs, is doomed and gloomed. .

Posted by JaJa7777 > 2018-02-06 18:53 | Report Abuse

Yep new jobs is what is needed, and by the looks of all the statements that is into RE.
problem is Scomi don't have a single foot hold in RE other than a JV???

Mukhnizam statement - Scomi will be redeploying employees, following its shift into new businesses such as the RE move.
In terms of staff layoffs, Scomi will mitigate the number of terminations, but the firm will not extend project- based contracts.

In other words they are going to be laying off a heap of staff and currenty have no new work.....
Do they have the money to lay the staff off??? maybe why they are going to sell off some assets...

As at Sept 30 last year, Scomi Group stood in a net debt position of RM673.7mil, while Scomi Engineering has a net debt of RM473.6mil.
In the first half of financial year 2018, it posted a wider net loss of RM42.17mil.
Scomi Engineering is also in the red, with an increased net loss of RM31.28mil

Next qtr in a few weeks and i cant see it turning that around nor will selling off a few assets make that much of an impact with the growing losses

All very doom and gloom!

Posted by nippy65 > 2018-02-06 21:25 | Report Abuse

JaJa7777, you summarised it spot on.

Posted by nippy65 > 2018-02-08 15:37 | Report Abuse

With the current state of affairs Scomien is confronted with, I do not see how it can contribute positively to Scomi Group Bhd, at least not at the moment. A daunting journey.

Posted by nippy65 > 2018-02-09 09:10 | Report Abuse

With the additional shares swap from Scomien couple with the turmoil and nervousness in world maket and absence of new jobs, more pressure will be on the share price which prehaps can go below 0.20. As good as capital reduction.

Posted by Abilakh > 2018-02-09 12:01 | Report Abuse

last 2 days to buy for free warrants...

Posted by Abilakh > 2018-02-09 14:42 | Report Abuse

nippy65...are you trying to bring down the price so that you can buy cheap...20 sens is like pre-consol price 10 sens, like all time low....doesn't make sense in view that oil price is not USD30 and it is USD65 now and their Ophir field is already producing oil.