SCOMI ENERGY SERVICES BHD
KLSE (MYR): SCOMIES (7045)
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19 people like this. Showing 50 of 4,835 comments
Talk of Scomies will be taking over by PJD Link have been on the news from last year. Its was backed by news on 7th June when PJD Link sign an agreement with MCC Msia at IIICF on 1st June witnessed by Scomies CEO Amirul Baharom. Then on 28th June they change secretary. On 4th July they disposed (sell) 4 of their subsidiries with the simbolic amount of RM1. Now Scomies are debt free and ready for RTO by PJD Link. It is believe that it will happen soon before prn as PJD Link was involve in NKVE highway. It is believe that the court case for the highway was on the 4th July thus the price was suddenly rise. Lots of big buy for the stock after that and less people sell. It a risky but its worth to try for. Hopefully got good news this week onward.
2023-07-08 19:25
BAD NEW !!!
SUSPENSION AND DE-LISTING OF THE SECURITIES OF SCOMI ENERGY SERVICES BHD
SCOMI ENERGY SERVICES BHD
Bursa Malaysia Securities Berhad ("Bursa Securities") has rejected SCOMIES' application for a further extension of time to submit its regularisation plan.
In the circumstances and pursuant to paragraph 8.04(5) of the Main LR, please be informed that:-
1. the trading in the securities of SCOMIES will be suspended with effect from 24 July 2023; and
2. the securities of the Company will be de-listed on 26 July 2023 unless an appeal against the de-listing is submitted to Bursa Securities on or before 21 July 2023 (“the Appeal Timeframe”). Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities.
In the event the Company submits an appeal to Bursa Securities within the Appeal Timeframe, the de-listing of the securities of the Company from the Official List of Bursa Securities on 26 July 2023 will be deferred pending the decision on the Company’s appeal. However, Bursa Securities will proceed to suspend the trading of the Company’s securities on 24 July 2023 even though the decision on the Company’s appeal is still pending.
Read details :-
https://www.klsescreener.com/v2/announcements/view/5298423
2023-07-14 14:45
Continue to hold on would end up getting back RM0.00 of investment in this stock.
2023-07-14 14:47
In the process of liquidation, only employees of the company, creditors have the priority to claim whatever net assets are left for the settlements. Shareholders of the company would be the last to claim the remaining, if there is any.
2023-07-14 16:14
Cut loss and move on.... There is so many opportunities at the other counter
2023-07-14 22:43
Banyak kesian. semua Pak Lah counters from scomi, brahims to scomi energy RIP. Bullshit double standard, pilih kasih, pilih bulu. buli pak lah. many CAP Ayam pn17 not delisted. Pls sack all bullshit directors
2023-07-15 14:16
Market cap less than 5 mil,no borrowing.I guess many mouth watering for rto,just my 2 cents
2023-07-18 11:14
SCOMI ENERGY SERVICES BHD ("SESB" OR THE "COMPANY") - FRAMEWORK AGREEMENT
The Board of Directors of SESB wishes to announce that the Framework Agreement with PJD Link Holdings Sdn Bhd and Noblemax Resources Sdn Bhd and PJD Link (M) Sdn Bhd was mutually terminated with immediate effect via Notice of Mutual Termination dated 17 July 2023.
This announcement is dated 17 July 2023.
https://www.klsescreener.com/v2/announcements/view/5331303
2023-07-18 11:48
current laws too protective of elites rich i/o weak minority ikan bilis. when boss failed to lift pn17, naturally new boss white knight replacement must made mandatory. now, too much leeway to old lousy boss by just simply delisting and burning all hard earned ikan bilis. is this the so called Malaysia Madani who fail to portray passion caring govt. protecting the innocent?
2023-07-19 09:10
all bullshit directors board much be replaced since still old dinasaur obsolete way fail to reform. all zzzz at jobs makan gaji buta. no wonder all investors fleece .....bor cau a si.......
2023-07-19 09:16
Chinamen what government have to do with this? PJD Link case with court vs resident still hanging. Scomies PN17 status cannot hold anymore. This is the risk of buying stock like this. Now investor all buy semicon and ev related stock. Buy at your own risk. I also loss at this stock but move on. When bought we already know the risk
2023-07-20 10:08
The stock price already at the lowest with no more buyers, that alone can be taken as no appeal and delisting is for sure as how it was announced. Like a death row inmate waiting to be executed :(
2023-07-21 15:47
On behalf of the Board of Directors of SESB, M & A Securities wishes to announce that it had on 21 July 2023 submitted an appeal to Bursa Securities (“Appeal”). In the event that the Company does not succeed in its appeal, the securities of the Company shall be removed from the Official List of Bursa Securities upon the expiry of 2 market days from the date the Company is notified by Bursa Securities or on such other date specified by Bursa Securities to the Company.
2023-07-21 19:12
zero debts. i/o delisting , should lift pn17 instantly as it is not in financially distressed anymore. only takes some time to find suitable rto partner.
2023-07-21 19:39
No financial distress but no income also a problem. Lets wait until 26 to know the result
2023-07-22 08:12
Very quiet here ...
Anyone knows if the company plans to come back through appeal or pay out investors when going private ?
2023-08-30 14:11
Latest I know is this article:
Scomi Energy pointed out that after delisting, it can still continue to operate its business in the form of a non-listed company entity and carry out a restructuring plan.
2023-08-30 14:18
On behalf of the Board of Directors of SESB, M & A Securities wishes to announce that Bursa Securities had vide its letter dated 11 September 2023 resolved to allow the Appeal and grant SESB a further extension of time until 31 January 2024 to submit its regularisation plan to the relevant authorities for approval (“Extended Timeframe”) after due consideration of all facts and circumstances of the matter, including the written and oral representations before the Appeals Committee on 29 August 2023, in particular the following:
(a) the Company’s representations that as at 21 July 2023, the Company had fully resolved its debt obligations and was in a suitable position for consideration by potential white knights;
(b) the Company had on 4 August 2023 executed a head of agreement with Duta Marine Sdn Bhd (“DMSB”) and M & A Securities had represented that based on its preliminary assessment, DMSB is a profitable company with sustainable business; and
(c) the Company’s representations on its cash and bank balances to sustain its operations throughout the additional extended timeframe for the identification of a new white knight.
2023-09-12 19:40
That is great news. Thank you. Hope it can work out. Fingers crossed for the minority shareholders here.
2023-09-28 18:23
I have a simple framework to classify each stocks. After I have done a fundamental analysis and valuation, I see which cell it falls into based on the matrix shown below. The cells are formed by the combination of margin of safety on the horizontal axis and business fundamentals on the verticle axis. https://i.postimg.cc/pT31q7pR/Co-rating-framework.png
Conceptually
• Cell A – best investment opportunity
• Cell B – this could be Warren Buffet “wonderful company at fair price”
• Cell C – Ben Graham “cigar-butt” investment
• Cell D – avoid
In this context, I would say that Scomi Energy, a Bursa oil & gas company, falls into cell D. If you want to see a cell A company, have a look at Petron Malaysia. https://www.youtube.com/watch?v=YrMdgjFHHaU
2024-01-07 10:40
Why still suspended since RTO in place ? Double standard pilih bulh bullshit? Got other Cap ayam shares pn17 never suspended?
2024-01-16 09:25
What is up here ?
I tried to find the company Richfield, could not get any related info.
Curious if anyone managed to get an official update.
This was a good company in oil and gas... could resurface.
2024-05-03 18:31
I wonder where we should be getting any news on this company. They have an office, and maybe a web page. There is life after PN17 delisting. Too bad no comments here any more.
2024-06-20 09:42
end of the road i guess....
https://www.nst.com.my/business/corporate/2024/07/1074962/scomi-energy-throwing-towel
2024-07-11 20:18
Mana Ni gomen asyik kacau olang...boss cipat lari....not pro investor...dah Jadi leftist MCM France UK...
2024-07-12 12:07
Byk kesiannn Pak lah
...all bully ...we miss Pak lah lagi bayiii drp mana Ni
2024-07-12 12:08
4m ago (21:10 GMT)
Hezbollah confirms two fighters killed
In a statement on its Telegram channel, Hezbollah says that two of its fighters, identified as Muhammad Hassan Farhat and Ali Mustafa Amr, have been killed.
The Israeli military earlier today claimed to have killed two Hezbollah operatives in separate strikes.
2024-08-05 05:14
On behalf of the Board of Directors of SESB, Mercury Securities Sdn Bhd wishes to announce that Bursa Securities had vide its letter dated 24 September 2024 resolved to grant the Company a further extension of time of 6 months until 31 January 2025 to submit its regularisation plan to the relevant authorities for approval (“Extended Timeframe”).
2 months ago
The company is debt free and not in a negative shareholders fund situation. There are worse PN17 companies on Bursa that are still trading.
The company should come up with the regularisation plan fast laaa!!!!! How long more they want? suspended for so long now!
4 days ago
I thought this company was dead, but I was dead wrong. It still shows in investor's forums, and extension was granted. I would consider buying the cheapest counter, counting on a dead cat bounce.
:-)
Or maybe there will be something in the Plan ?
11 hours ago
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velanr
NST reported Yesterday that Scomi Energy divested 4 subsidiaries , so maybe good towards leaving PN17
2023-07-05 16:04