scomi is wise to retract sales of 1-for-5 scomimr. it should allow that stock to become the gem it is! hence we were all speculating and building castle in the air previously. my only thought was Shah's hands were force to divest it off to Abu, not by Adam's invisible hand!
treat is as a buying opportunity when the market got it wrong. you could see it when junjun40 (didn't know you were a bigshot in investlah.com with 1k+ postings :)) even declared he is confused! don't blame the market, just take advantage of it only! LOL
we are still safe because sit at economy class, in crash we has much time to prepare. event u KC has time to Sewing Parachute, Business class at front seat receive the impact first before us :)
Mr Market, i got that one "they come every day knocking your door offering to Buy/sell you are stock at a price his deemed best sometime his price is plausible but most of the time his offer was ridicules.
SCOMI GROUP BHD (“SGB” OR “COMPANY”) (I) PROPOSED DISPOSALS BY SGB OF THE FOLLOWING: (A) 76.08% OF THE ISSUED AND PAID-UP ORDINARY AND PREFERENCE SHARES OF SCOMI OILFIELD LIMITED (“SOL”), FOR A TOTAL DISPOSAL CONSIDERATION OF RM776.03 MILLION (“PROPOSED SOL DISPOSAL”); (B) THE ENTIRE ISSUED AND PAID-UP ORDINARY SHARE CAPITAL OF SCOMI SOSMA SDN BHD FOR A TOTAL DISPOSAL CONSIDERATION OF RM6.71 MILLION; AND (C) 48% OF THE ISSUED AND PAID-UP ORDINARY SHARES OF SCOMI KMC SDN BHD FOR A DISPOSAL CONSIDERATION OF RM769,911; (ITEMS (A), (B) AND (C) TO BE COLLECTIVELY REFERRED TO AS “PROPOSED DISPOSALS”) (II) PROPOSED RENOUNCEABLE OFFER FOR SALE OF UP TO 283,245,575 ORDINARY SHARES OF RM0.45 EACH IN SCOMI MARINE BHD (“SMB”) (“SMB SHARES”) HELD BY SGB TO ITS SHAREHOLDERS ON THE BASIS OF 1 SMB SHARE FOR EVERY 5 EXISTING ORDINARY SHARES OF RM0.10 EACH IN SGB (“SGB SHARES”) HELD ON AN ENTITLEMENT DATE TO BE DETERMINED (“PROPOSED OFFER FOR SALE”); AND (III) PROPOSED EXEMPTION TO SGB AND SCOMI ENERGY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SGB, FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER FOR THE REMAINING SMB SHARES NOT ALREADY OWNED BY THEM AFTER THE COMPLETION OF THE PROPOSED DISPOSAL OF THE ENTIRE ISSUED AND PAID-UP ORDINARY AND PREFERENCE SHARES OF SOL TO SMB (“PROPOSED EXEMPTION”) (ITEMS (I) AND (II) TO BE COLLECTIVELY REFERRED TO AS “PROPOSALS”)
me to i am also still confident with scomi, but i still will sell at my 10% gain @ 0.40, watch the sentiment first, let see how far this panic selling go then buy back after selling presure reduce.
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Posted by DUnkin > 2012-10-16 14:25 | Report Abuse
yea...a lot of kampung chicken in my house also..haha..luckily i am still steady steady...