After share consol 2 to 1, it has been dropping from 0.285 to 0.13, is about time it do a rebound ! Just as no share can go high forever, Scomi will not drop forever !
as i said, the only thing that can happened after consolidation, keep falling with no end...the current price is like 0.06 before consolidation, it the lowest price for scomi, i really con't understand why still got ppl believe it will rebound?
do you guy really believe it will rebound? if you bought at 0.15-0.20 before consolidation, which mean you need wait the price to rise to 0.3-0.4, is it possible? just think yourselves? even though 0.20 also not able to hit
Let face it there a good few reasons to go down the consolidation route. One would be Combining companies that have differing strengths and build off them while potentially reducing some of the overheads, increasing the market share and presence and lots of other good stuff that makes for a new stronger company and that’s only if the implementation is well structured and managed correctly… And then there is basic survival of a failing company….. The fundamentals are – Scomi Group and Scomi engineering have a bit of a problem, they are both huge loss makers, revenue if falling, overheads are increasing, there is no new work and as for the monorail…. well that has single handed killed off Scomi engineering all by its self and its issues are still on the increase Scomi group needed SCOMI ENERGY as it is the only real potential out of the three to bring in some much needed cash – Ophir Unfortunately for scomi group ES opted out and they are now left with a bigger problem than they started with - bigger overheads, bigger debts and more issues coming with the monorail - international arbitration, court and fines have already been imposed since the start of this year and we all know where this will end don’t we. So in my humble opinion, the share prices will dance a little along with the general market fluctuations but unless the basic fundamentals change there is only one way they can go!!!
Personally I believe that next qtr results will see the end of this company forever..
Hi Nippy65, nope i do not think so and i think he is just there as a puppet to some degree, maybe to reduce the possible direct involvement of Shah or perceived conflict of interests??? but i do think there will be more changes coming shortly.
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freddiehero
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Posted by freddiehero > 2018-03-01 17:14 | Report Abuse
always low..