Posted by limen12 > 2019-06-25 10:48 | Report Abuse

@Eric what do you mean? Can help explain what is inaccurate about the report? Thanks

Posted by InvestsucessTrader > 2019-06-25 11:43 | Report Abuse

Haha, yesterday 0.12 got buyer, today 0.085 no buyer.

Posted by Eric Tan Pok Shyong > 2019-06-25 11:56 | Report Abuse

They talked about the IP rights still with SRB, the relevant paragraphs are reproduced as follows:

"Receivership locks Scomi out of Scomi Rail

Scomi entered into memorandums of deposit with Maybank on Sept 4, 2014, and Oct 30, 2015, whereby the group pledged 206.04 million shares it holds in SESB as security for the loan facilities granted to Scomi Rail.

Scomi Rail defaulted on the loan of RM201.9 million on Jan 25. After Scomi, as the holding company, also failed to pay a sum of RM113.96 million on Feb 8, Maybank applied for a winding-up order against the company, which was granted by the Shah Alam High Court on May 6.

While a settlement has been reached between Scomi and Maybank, the bank’s legal charges over Scomi Rail’s properties, including its intellectual properties, remain. This raises the question of what the future of Scomi’s transport solutions business without the technologies in Scomi Rail will be.

The receivership can be lifted, provided Scomi manages to convince Maybank that the restructuring plan is solid without selling the intellectual properties of Scomi Rail.

Whether it is successful remains to be seen as Datuk Adam Primus Abdullah, the receiver and manager for the properties, is tasked to recover the defaulted amount for Maybank as quickly as possible."

I raised doubt about the following paragraph in particular:

"While a settlement has been reached between Scomi and Maybank, the bank’s legal charges over Scomi Rail’s properties, including its intellectual properties, remain. This raises the question of what the future of Scomi’s transport solutions business without the technologies in Scomi Rail will be."

Where SRB is the owner of IPs, the use of IP is SRB's business which will go on anyway. Until the day the Receiver intends to sell off the IPs, it must be done by way of open tender too. That will mean SGB too can bid for the IPs. Even the IPs are sold to 3rd party despite the practical difficulties if not impossible as having been admitted in the same report too, the value of IPs is to make profit by using them to do business. In short, that does not justify the statement of possible future of Scomi's transport solutions business without the technologies in SRB. The Writer was making presumption that the IPs in SRB will be sold to 3rd party who will refuse in total to allow Scomi to use them at all, which is quite impossible.

I think the report creates unnecessary worry towards the IPs issues with SRB against SGB.

Posted by Eric Tan Pok Shyong > 2019-06-25 12:06 | Report Abuse

Honestly yesterday's announcement was nothing surprising as it was consequential to the Settlement Agreement dated 4 April 2019 ("SA"). To me the good implication is that: the conditions precedent of the SA are fulfilled without doubt and the RM181 million for the repair of 5 trains are in the pocket which will affect the coming quarter report, not taking into account the current RM122 million which is considered a new project in Scomi order book that we have not heard for years. The total is thus RM303 million. Again this RM303 million also did not take into account the RM25 million loan by SAL and Sammy Tse to settle the Maybank loan. The benefit is not only salvage Scomi from defaulting but to cut interest, on the basis that Sammy's advance of RM3 million is interest free and my believe that the interest imposed by SAL on the RM23 million will be lesser than Maybank's interest. In short Scomi is rescued. It all started since 4 April 2019. But people still hate the consolidation as we know its problems. I guess Scomi can only move steadily and positively after the consolidation takes place which is expected to be completed within 3 months I guess.

Posted by Simon Yoon Lam Chan > 2019-06-25 13:09 | Report Abuse

Good news if go back to 0.045 I will buy more .

Posted by Hidup_Pak_Lah > 2019-06-25 14:53 | Report Abuse

Anwar cannot be PM? How abt Pak Lah?

Posted by InvestsucessTrader > 2019-06-25 15:01 | Report Abuse

stone turn into gold, buy to keep ,

Posted by DON_JUAN > 2019-06-25 16:12 | Report Abuse

RUNNNNNNNNNNNNNNNNNNNNNNNNNNNNN......
TRAP liao
BOOOOO CHOWWWW CCCCCCCCC

Posted by charles pang kah keet > 2019-06-25 18:12 | Report Abuse

Buy more if go back to 0:045

Posted by myneopetz > 2019-06-25 18:16 | Report Abuse

http://www.klsescreener.com/v2/news/view/542526

Posted by InvestsucessTrader > 2019-06-25 18:53 | Report Abuse

Good to colaborate with petronas with deep pocket, Now scomi is going to be a star soon, with goverment project and petronas backing,

Posted by Yatchaifatt > 2019-06-25 19:19 | Report Abuse

Wow.. New scomi is fantastic!

Posted by Msys > 2019-06-25 19:30 | Report Abuse

many more coming,further accumulations!!

Posted by eatsmall > 2019-06-25 20:33 | Report Abuse

limit up

Posted by Nik Mohd Khairul > 2019-06-25 20:51 | Report Abuse

mid term tp RM1.00 go go go!
wb will easily reach 0.80

Posted by Simon Yoon Lam Chan > 2019-06-25 21:02 | Report Abuse

Nik Stop dreaming ?

Posted by jay_cwk88 > 2019-06-25 21:09 | Report Abuse

Hahahaha..TP RM100 lah

Posted by hancingPM > 2019-06-25 21:16 | Report Abuse

business for scomi sudah cerah..will back stronger. just wait like investor. like IJM for shareholder.

Posted by aris743 > 2019-06-25 21:57 | Report Abuse

tunggu 4: 1, baru scomi jalan

Posted by charles pang kah keet > 2019-06-26 00:14 | Report Abuse

4-1 will energy going up

Posted by Ron90 > 2019-06-26 00:44 | Report Abuse

already got projects bigger than its market capital amount ..

Posted by InvestsucessTrader > 2019-06-26 08:17 | Report Abuse

Now the sun shine at scomi, last time was in darkness because the sun shine at otherplace.

Posted by Msys > 2019-06-26 09:19 | Report Abuse

just buy n lock in safe n throw away key,,like TM

Posted by InvestsucessTrader > 2019-06-26 09:22 | Report Abuse

yes, now is the time to relook at scomi, the new dawn.

Posted by Simon Yoon Lam Chan > 2019-06-26 09:55 | Report Abuse

Agree with you aris & charles buy after consolidate 4 - 1 sure win win .

Posted by Msys > 2019-06-27 09:55 | Report Abuse

mau s'pen meletop ,cantik cantik lagi projek

Posted by andychay6124 > 2019-06-27 12:17 | Report Abuse

7.5 is bottom line but no chance to buy

Posted by newinvestor17 > 2019-06-27 16:04 | Report Abuse

I beg to differ buddy, it would go below 0.075 and you can definitely buy below 0.075

Posted by Simon Yoon Lam Chan > 2019-06-27 16:24 | Report Abuse

Ya gah than I wait for 0.065 and buy .

Posted by koyokui > 2019-06-28 09:36 | Report Abuse

Buy scomi heard goverment want to push to become giant monorail maker

Posted by Simon Yoon Lam Chan > 2019-06-28 10:35 | Report Abuse

Ya gah

Posted by limen12 > 2019-06-28 10:39 | Report Abuse

who you hear from that Govt want push to be monorail giant?

Posted by arcadiafire > 2019-06-28 12:14 | Report Abuse

I've been hearing similar things, seems like Scomi is gonna be huge in the coming months.

Posted by newinvestor17 > 2019-06-28 12:42 | Report Abuse

andychay6124 7.5 is bottom line but no chance to buy
27/06/2019 12:17 PM


Mr YB andychay6125, you said 0.075 was the bottom, but it is at 0,07 now, what happened ?

Posted by 7300 > 2019-06-28 14:53 | Report Abuse

value above 30sen,wait another solid TREND

Posted by 7300 > 2019-06-28 15:06 | Report Abuse

007 good buy

Posted by 7300 > 2019-06-28 15:07 | Report Abuse

add more if close above 8

Posted by Realistic Investor > 2019-06-28 15:13 | Report Abuse

Anyone know when qr release for this counter? Profitable since it got a new contract a few days ago, it into account or not ?

Posted by limen12 > 2019-06-28 17:04 | Report Abuse

You guys hear from where? reliable sources? or just mamak chit chat?

Posted by limen12 > 2019-06-28 18:44 | Report Abuse

QR have just released in May already. Havent account for the new project won yet. Next quarter only will recognize

Posted by gsi723 > 2019-06-28 18:57 | Report Abuse

The chances to recovery is bigger than go bankrupt... no pain, no gain... those can’t take risk just stay away

Posted by kong73 > 2019-06-28 20:04 | Report Abuse

Yaaa stay away and dun buy scomi.. let who dares wins buy

Posted by andychay6124 > 2019-06-28 23:45 | Report Abuse

Hi newinvestor17, I’m not god,you may wait at 6 sen as well.

Posted by andychay6124 > 2019-06-28 23:47 | Report Abuse

This scomi I will keep long till 30sen. Sell buy sell buy sell buy......

Posted by hancingPM > 2019-06-30 08:18 | Report Abuse

next 2 month scomi will be rise again

Posted by aris743 > 2019-06-30 09:16 | Report Abuse

scomi up after 4:1

Posted by Hidup_Pak_Lah > 2019-06-30 14:12 | Report Abuse

Pak Lah PM in GE15 only got hope?

Nik Mohd Khairul mid term tp RM1.00 go go go!
wb will easily reach 0.80
25/06/2019 8:51 PM

Posted by Hidup_Pak_Lah > 2019-06-30 14:13 | Report Abuse

Pak Lah in good health,says aide
https://www.thestar.com.my/news/nation/2019/06/30/pak-lah-ingood-healthsays-aide/

Posted by chinaman > 2019-06-30 14:17 | Report Abuse

Only demons survive in MY politics. Pak Lah is too gentleman, my most respected PM among others all are demon. wakaka

Posted by newinvestor17 > 2019-07-01 11:51 | Report Abuse

nice, sell order matched. market has been really good post trump xi meeting, time to now scout for the next counter to trade. cheers to all holders