Sammy not so stupid to buy all shares held by IJM as well as from open market and also lend his own money to Scomi if do not have concrete plans to turn scomi around. Believe no small money to buy up IJM portion If Sconu going to go bust anytime soon. Sammy will lose money big time. Too much at stake. Not likely to take such a big risk unless have something up his sleeves On the sideline Scomi WB also see high volume. Somebody is collecting cheap. Looking at the whole picture believe a buy call to go with Sammy. Again unlikely for Sammy to come all the way to Malaysia to waste time, energy and most of all to lose his shirt if Scomi folds up.
this company you wait another 1-2 years la, and that's if Sammy can success turnaround the company by getting some monorail jobs or O&G jobs. Rather wait when there's more solid news on this company, then only invest in it. Other than that, its all speculative.
if see by technical, golden cross(beginning of uptrend) start at 0.045 and above...with light shares this one should be 10cent just like Sumatec long ago...Sumatec unlucky to get bad boss..
Scomi no hope under PN gov. A bunch of directors have been resigning in the last few months, rationalization plan still not done, rights issue fell apart, and nail in the coffin is IJM disposing. Get out while you can.
SUSPENSION OF TRADING SUSPENSION OF TRADING ILC-02112020-00007 The above Company has failed to issue its annual report that includes the annual audited financial statements together with the auditors' and directors' reports for the financial year ended 30 June 2020 ("AR 2020") to Bursa Malaysia Securities Berhad ("Bursa Securities") for public release within the stipulated timeframe i.e. 31 October 2020, pursuant to paragraph 9.23(1) of Bursa Securities' Main Market Listing Requirements ("LR"). Pursuant to paragraph 9.28(5) of the LR, if a listed issuer fails to issue the outstanding financial statements within 5 market days after the expiry of the relevant timeframes stated in paragraph 9.23(1) of the LR ("Relevant Timeframes") (the last day of the 5 market days is referred to as "Suspension Deadline"), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend the trading in the securities of such listed issuer. The suspension shall be effected on the next market day after the Suspension Deadline. In view of the above and in the event that SCOMI is unable to submit the outstanding AR 2020 on or before 6 November 2020, trading in the above Company's securities will be suspended with effect from 9.00 a.m., Monday, 9 November 2020 until further notice. Pursuant to paragraph 9.28(6) of the LR, if a listed issuer fails to issue the outstanding financial statements within 6 months from the expiry of the relevant timeframes, in addition to any enforcement action that Bursa Securities may take, de-listing procedures shall be commenced against such listed issuer. SVP, Issuers You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
nubinvestor is correct. Substantial shareholder on 26 & 27 October bought a total of 1,826,000 @$0.03 Believe not so silly to just throw away his money if Scomi got suspended for good. Probably a ploy to suspend for weak holders to sell and smart investors to collect more cheaply before realising after AR is released.
Scomi Group Bhd will see its share suspended from next Monday, if it does not issue its annual report for the financial year ended June 30, 2020. The bourse said Scomi had failed to give its annual report, incorporating annual audited financial statements and auditors and directors reports, for public release by Oct 30.
SUSPENSION OF TRADING The above Company has failed to issue its annual report that includes the annual audited financial statements together with the auditors' and directors' reports for the financial year ended 30 June 2020 ("AR 2020") to Bursa Malaysia Securities Berhad for public release within the stipulated timeframe i.e. 31 October 2020, pursuant to paragraph 9.23(1) of Bursa Securities' Main Market Listing Requirements ("LR"). Pursuant to paragraph9.28(5) of the LR, if a listed issuer fails to issue the outstanding financial statements within 5 market days after the expiry of the relevant time frames stated in paragraph 9.23(1) of the LR ("Relevant Timeframes") (the last day ofthe 5 market days is referred to as "Suspension Deadline"), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend the trading in the securities of such listed issuer. The suspension shall be effected on the next market day after the Suspension Deadline. In view of the above and in the event that SCOMI is unable to submit the outstanding AR2020 on or before 6 November 2020, trading in the above Company's securities will be suspended with effect from 9.00 a.m., Monday, 9 November 2020 until further notice. Pursuant to paragraph 9.28(6) of the LR, if a listed issuer fails to issue the outstanding financial statements within 6 months from the expiry of the relevant timeframes, in addition to any enforcement action that Bursa Securities may take, de-listing procedures shall be commenced against such listed issuer. SVP, Issuers
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
tamp0i
912 posts
Posted by tamp0i > 2020-06-29 22:17 | Report Abuse
With so many court cases ongoing, I don't know if this company will be able to make it... Be safe and do the same like IJM I'd suggest, dispose.