yes. so, my point is the additional value for Scomi will only come from the future projects that hopefully will come to Scomi. At this point, it's just a good price to enter for long term.
well, not only for scomi, any new scomies project also count into scomi as well but not the other way because scomi is the mother holding company of scomies, just keep monitoring, see how it goes.
limen12, when you monitor news, not to miss out the 2 more companies, that is Strong Elegance, next is Skoda.
Strong Elegance is SCOMI 30% owned company in renewable energy Large Scale Solar Photovoltaic Power JV with Lembaga Tabung Angkatan Tentera Malaysia. They was awarded to sell energy generated by the facility to TNB for a period of 21 years. Meanwhile, SCOMI aims to secure another, an estimated RM1 billion worth of projects from its new ventures into the renewable energy (RE) .
Czech transportation engineering company Skoda partnership with SCOMI since 2015 for the joint development of MRT and LRT vehicles to allow both parties to tap into each other's market in different countries and different market segments.
SCOMIES quarterly reports also showing negative results, not only SCOMI, but people are still chasing after SCOMIES, why? Because of the intrinsic value & prospect.
A few tycoons together are choosing the mother company SCOMI to pump in their money into SCOMI, why? Must be because of the intrinsic value & prospect in the basket that the tycoons see , that they may have already known !
1. there is additional investment from Tan Sri Nik Awang @ Wan Azmi Bin Wan Hamzah and Gelombang Global Sdn Bhd of RM21million each totaling RM42million; and
2. Tan Sri Nik Awang @ Wan Azmi Bin Wan Hamzah and Gelombang Global Sdn Bhd will pay the RM42million in advance as loan subject to interest to replace the loan of RM20million by Sharp Ascend Ltd, hence there will be an additional RM22million cash flow.
The MRT and LRT was put on hold last time, but now, the dispute between Prasarana Malaysia Bhd and SCOMI has come to an end with the signing of a new contract worth RM303 million.
In MRT and LRT , the mantainance & replacement parts are proprietary because of the safety and designed patent, cannot be simply changed. So in future must go back to SCOMI and that will be another income.
As for the Strong Elegance , SCOMI 30% owned company in renewable energy Large Scale Solar Photovoltaic Power JV with Lembaga Tabung Angkatan Tentera Malaysia. They was awarded to sell energy generated by the facility to TNB for a period of 21 years , commercial operation date of Dec 31, 2018, is build-own-operate basis.
The RE ROI from future operate will be a kind of recurring income for both Lembaga Tabung Angkatan Tentera Malaysia & SCOMI. It is also a good starting point for SCOMI to secure another RM1 billion worth of projects from its new ventures into the renewable energy (RE) expected in this year.
limen12, yes, you see the DNEX got a contract and the contract was from 10 August 2019 to only 9 August 2020, after so many months passed and now only today few more months left then they announce ! They want to cheat investors (you can check before that they also pressed down DNEX price) so that they have got enough accummulation and now they can sell on news ?!?!! Is Bursa let this kind of cheating going on ?!??
So it is possible that SCOMI may also keep the info for themselves too.
limen12, if you are long enough in this malaysia bursa market, then you may know that a lot of time their corporate news keep u turn and u turn. Just for example the most recent one related to syed mokhtar and fgv news. You may want to check back the story line. That is just the tip of the iceberg. There are many more.
you see the DNEX got a contract and the contract was from 10 August 2019 to only 9 August 2020, after so many months passed and now only today few more months left then they announce ! They want to cheat investors (you can check before that they also pressed down DNEX price) so that they have got enough accummulation and now they can sell on news ?!?!!
Is Bursa let this kind of cheating going on ?!??
So other companies may follow the style and doing the same since bursa never care about it !
So there is possibility that SCOMI waiver info that could have been kept and pending for announcement to their like, like what DNEX did.
As for the SCOMI corporate exercise part, it is already confirmed in the news and further to that you can also see transfer activities has been carried out.
oh thanks for clarifying. My guess is that they won't wont to release the waiver news yet, but is waiting to sort out the rights issue date first. They wouldn't want the company price to move up too much if not their right issue need to be re-priced at higher price, which all shareholders need to fork out more money.
Another screwed up analysis by Calvin. Many left to bleed. There is lots of issues that need to be resolved,do we have the patient when there are other interesting counters to consider.
Scomi Company will declare bankruptcy soon in this year or next year due to Malaysia share market also will be fall into 1.3k by next year if no mistake.
worse than oversea market base on Malaysia history 1997 and 2019
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limen12
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Posted by limen12 > 2019-09-26 14:25 | Report Abuse
yes. so, my point is the additional value for Scomi will only come from the future projects that hopefully will come to Scomi. At this point, it's just a good price to enter for long term.