yes, icezai96 is right. Not really old news, those who buy recently is buy for the futures projects and good news coming very soon.
icezai96: not old news, June news. Because government haven't pay for the bill. This bill should pay by next year. So that, we can hold this share for a long term 03/09/2019 11:46 PM
This is for everyone to discuss. The one issue I see that they can't cover their expenses. Every quarter they are making loss of -RM70mil with revenue of 120mil ++. Then, what will be the different that they will cover their expenses with this RM180mil revenue
180mil won't cover expenses, but it shows the govt and prasarana are pushing for lrt again with minister of transport personally overseeing the issue. Maybank as well have shown confidence in scomi's new plan, as well as Scomi attracting new investors. It's not just about the 180mil. All this info is publicly available so it's up to you whether you think this counter is worth it. If you don't think it's worth it, then don't buy. Simple as that.
But I think after rocket shoot next year. Can throw it aldy, or LRT 3 or new monorail project get in. Else the price will drop again. So need to wait what kind of expense Government want to spped on transport next year.
Maybe end of this year, maybe sometime next year, maybe never. You never know with these kind of things thats why it's a risk. Just have to decide whether it's worth it.
But we are not out of the water yet, till Bursa replies on the waiver and they start the right issue exercise. Then we trust in management to get projects.
MR.R.K.Buttered said,got smart students but no really out of the box winning teacher,...BAT dead cat bounce to fall further below 15,Nestle ,PPbank cant breath all at high altitude need to rest at half hill next year....just close eyes get sunrise babies,small risk unlimited gains
Scomi need the projects for new monorails to be announced, and they secured a win to move up. Till then, people will worry about their situation and capital exercise. All we can do is be patient and wait for management to sort out all these details
@icezai96 you show last updated on 30st Aug. But, Scomi triggered on 30 August as per their announcement. If they can't waive it, they will be on that PN17 list.
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Posted by arcadiafire > 2019-09-04 08:49 | Report Abuse
Finally someone who makes sense in the forum icezai96