SCOMIEN (7366): Substantial Holder Shares Transactions

wa, 得救了！！

2017-08-17 09:19

shoot!

2017-08-17 09:32

SusuKacang

My luckiest ever thanks!

2017-08-17 12:03

starfish88

why suddenly up so much?

2017-08-17 12:45

ladahitam

all suspended today

2017-08-17 15:07

Why suspended?

2017-08-17 15:15

starfish88

any news?

2017-08-17 15:30

gcke Latest news update.Read -http://www.freemalaysiatoday.com/category/highlight/2017/07/25/can-scomi-engineering-keep-going/

2017-08-17 16:08

nippy65

gcke, your news is not latest news.

2017-08-18 10:26

foong2

suspense until when?

2017-08-21 17:49

starfish88

tomorrow open

2017-08-21 18:53

foong2

good or not? k buy?

2017-08-22 14:04

2017-09-13 12:29

JaJa7777

PoC for an electronical monitoring system is all good and well, kind of pointless though if you cant deliver the basic mechanical requirements to get things up and running in the first place.....
I'm sure that their existing customers would much prefer that all the units that are sitting idle and broken down let alone not delivered were up and running before anything else.
would love to see how they sell this to the Indian, Brazilian and KL operators that all have major issues with Scomi Monorail.......
Old saying goes "Learn to walk before you try to run".........

2017-09-14 13:14

Hi Jaja7777, good to know that you have this stock since the price is good for you today! The price will speak for itself. :) Good day to you ahead!

2017-09-19 09:39

pretty_life

Stay strong the price at 0.160z

2017-09-19 10:54

The Scomi Engineering team and Microsoft managed to build the PoC together in the span of about four months with no IoT programming background. This PoC will allow them to showcase the solution as part of their add-ons in the product. They will continue to use this PoC for their next phase of providing integration with Dynamics CRM to automate the task assignments sent to the maintenance department. In addition, by collecting data in DocumentDB, they would like to be able to do predictive maintenance by using Azure Machine Learning.

The success of this PoC allows Scomi Engineering to start pitching this solution to their existing and new customers. As a company that provides transportation solutions, they’re extending this project to cover other scenarios such as fleet management.

More details: https://microsoft.github.io/techcasestudies/iot/2017/07/25/ScomiEngineering.html

Transportation providers are expected to offer services that are reliable, punctual and safe. Ideally, these services should also be energy efficient.

Meeting those needs is a hefty task, but digital tools like Siemens' Smart Guidance, Smart Monitoring and Smart Data Analysis help make it a lot easier.

The most common causes for delayed trains are technical and/or mechanical malfunction. Appropriate maintenance is the only way to avoid any unexpected problems.

Locomotives, trains, components and train automation systems are all sources of data. Once this data has been processed, Smart Data Analysis, in synergy with Smart Monitoring, can be used to analyse trends and constantly monitor the status of machinery.

The result: predictive maintenance for vehicles and infrastructure. This significantly reduces overall maintenance time, and subsequently increases service reliability and availability.

http://www.theedgemarkets.com/content/advertise/Overcoming-reliability-challenges-through-digitalisation

2017-09-19 10:59

In stock biz it is not only what you know, but it is who you know and rely upon !

2017-09-19 11:00

JaJa7777

Two days - no bids...???

2017-11-23 12:49

Bennychua

Wake up Liao bo

2018-01-04 23:59

Haha ... this is the stock stands to gain much from the 2 to 1 merger, easily another 30% upside.

2018-01-09 18:38

BTW, do some calculation based on the ratio of merger.... it shall be 43.5 based on SCOMI price of 17.5.

2018-01-09 19:45

taitaumau

FOR SHARING PURPOSE ONLY

Let say scomi Ex warrant (1 for 2) at to-day price, RM 0.175 per share
For illustration purpose, we have RM 3,500 at start

Option 1, buy Scomi

B4 Conso, 20,000 shares (RM 0.175 x 20,000) or

After Conso/Ex warrant, 10,000 shares,(RM 0.350 x 10,000) + 5,000 free warrants

Option 2, buy Scomien at to-day price

RM 3,500 / RM 315 = 11,111 shares, in exchange for, AFTER MERGER

11,111 x 10/7 = 15,873 Scomi + 1,587 free warrants

Now, say adjusted price for scomi goes this way,

RM 3,500 = 10,000 shares x 0.27 + 5,000 x 0.165

(on the basis :warrant worth 0.6 of mother share - on high side?)

Option 1, market value remains = RM 3,500

Option 2, market value = 15,873 x 0.27 + 1,587 x 0.165 = RM 4,547

So at scomi price of 0.175 now

1 scomien worth = RM 4,547 /11,111 = 0.41 ( 30% upside gain ?)

Assumptions( B4 scomi conso/Ex warrant)
Scomi - 0.175
Scomien - 0.315
Scomi warrant -worth 0.6 of scomi share
No gain/loss after Scomi goes Ex warrant
- any deviation in the assumptions will render different value for scomien share B4 merger

Note: scomien shareholders will likely receive their conso scomi shares probably by end of February ( scomien share to be suspended shortly B4 entitlement date) while scomi share remains trading in market (no suspension).Both scomien and scomi shareholders will receive free warrants probably around same time by end of february.

*****THE ABOVE IS NEITHER A BUY NOR A SELL CALL *****

2018-01-10 00:23

berjaya

Bro taitaumau , why after conso price is 0.27?
I not understand it, please explain it, thanks

As i know Should be remain same as 0.35 after conso is ex date close at 0.175.
15, 873×0.35 for scomien after conso.
Not 15, 873×0.27

2018-01-10 07:31

If based on SCOMI 17.5, after conso is 35.0, then after 1 for 2 warrant (warrant conversion price @ 0.21), ex @ 30.3. The new warrant worth around 10.0 sen conservatively or maybe higher @ 15.0 sen. This will work out 44.7 or more for cum SCOMIEN. Believe it or not!!! Haha .... I am buying!

2018-01-10 08:08

Anyway, market is not efficient enough ....player even ignore the potential of high side of ex-merger, good opportunity for those who are far sighted.

2018-01-10 08:10

taitaumau

yes, Berjaya, scomi after conso 0.35. After Ex warrant,, adjusted price for conso scomi shd be lower than 0.35

2018-01-10 10:12

Looks like market players start seeing the value of this stock once merged with SCOMI.

2018-01-15 15:37

What will be the contribution of SCOMI (Non-SCOMIEN) post merger with SCOMI GROUP without the contribution of SCOMI Energy coming into the fray? SCOMI (Group) seems to be relying mainly on its subsidiaries SCOMI Engineering and SCOMI Energy, all of which is not making profit. There seems to be nothing to shout about in this merger exercise.

2018-01-23 17:13

Moreover, should SCOMIEN be profitable, SCOMIEN shareholders merging into SCOMI (Group) post-merger will have their shares diluted, and any profit would be used to subsidise the losses incurred by the group which it need not incur before merger; So, the value of SCOMIEN shares do not seem to have a brighter outlook as compared to before the merger.

2018-01-23 17:19

http://klse.i3investor.com/blogs/rights_of_minority_shareholder/144228.jsp

2018-01-24 07:01

The free warrants that will be offered to shareholders in the merger exercise for SCOMIEN, which is one for every seven (7) SCOMIEN shares, means very little to existing SCOMIEN shareholders, because the value of the warrant will depend on the conversion price, which normally will be set at a much higher price to contribute to the expenses incurred by the merger exercise, and to place the shares at a value based on the expected performance, which may not materialise. So, the free warrants may not mean anything at all. Also, shareholders/investors should compare this with the one (1) free warrant for every new consolidated SCOMI shares held, resulting from the consolidation exercise for SCOMI. The SCOMI warrants were much more generously given compared to SCOMIEN, although its benefit to shareholders cannot be directly converted to Ringgit value at this point in time.

2018-01-25 08:06

Based on a report dated 25Jul2017 shared by 雷汉勇 gcke (link: http://www.freemalaysiatoday.com/category/highlight/2017/07/25/can-sco... ), it appears that the SCOMI management do not seem to be prudent in its project management and cost overrun that had resulted in claims yet to be paid by its project owner. There seems to be weaknesses in the management of the project. Whatever fund raising being planned by SEB is still in the air apart from the MERGER being planned, which is not really fund raising but just a transfer (or just a change) of majority shareholder, which is a form of window dressing.

From this report, there is no real impart apart from change of majority shareholding.

Report below:
25Jul2017
KUALA LUMPUR: Scomi Engineering Bhd (SEB)’s independent auditor KPMG PLT cast doubt as to whether SEB can continue as a going concern.

The Edge reported SEB as telling Bursa Malaysia that KPMG had drawn attention to SEB and its subsidiaries’ financial statements for the financial year ended March 31, 2017, with regard to SEB’s dispute with, and legal proceedings against, Prasarana Malaysia Bhd over the RM494 million Kuala Lumpur Monorail Expansion contract.

KPMG said the SEB group had outstanding revolving credits and bank overdraft totalling RM213.2 million owing to the project lenders that were classified as current liabilities.

“These events or conditions along with other matters indicate that a material uncertainty exists that may cast significant doubt on the ability of the group and of the company to continue as going concerns. Our opinion is not modified in respect of this matter,” KPMG said in its auditor’s report.

According to The Edge, in its report, KPMG said the action against Prasarana and the appeal hearing on the litigation matter of the project are currently in progress with the hearing dates scheduled for July 31, and Aug 28, 2017, respectively.

“Therefore, the ultimate outcome of these and related recoveries of amounts owing on this project cannot presently be determined. In relation to this, the group has yet to secure further extension from the lenders who have provided project financing for the project,” it added.

In response, SEB said it had started to pursue all avenues available to recover the claims relating to Prasarana.

The Edge reported SEB as saying it was also looking at various fundraising exercises, with regard to the use of its technology in new markets via synergistic ventures that could take about six months for closure.

SEB’s management said it would continue to bid for new projects in both the monorail and commercial vehicles segments.

These measures, it said, should should address the going concern issue.

“SEB will continue to focus on cost optimisation programmes and continuous product improvements and developments to remain competitive in each of the sectors it is involved in,” The Edge quoted SEB as saying.

SEB shares were not traded yesterday. It last closed at 27 sen for a market capitalisation of RM92.3 million.

SEB posted an unaudited net loss of RM19.76 million for FY17 compared with a loss of RM1.84 million in the preceding year.

2018-01-25 17:25

The stock price of SCOMIEN has started to react downwards to the post merger exercise of ten SCOMI shares plus one warrant in exchange for 7 existing SCOMIEN shares. Although SCOMIEN shares was announced as offered at 0.300 (see below), it has already started trading below 0.30 moving towards 0.25 even before merger date approaches.

Announcement:
Scomi shall pay the Offer Price of RM0.300 per Scomi Engineering Scheme Share which shall be satisfied entirely via:(a) a share swap where for every 7 Scomi Engineering Scheme Shares held by Scheme Shareholders,10 new Consolidated Shares shall be issued at the Issue Price, and (b) the issuance of 1 Warrant for every 10 Consideration Shares issued.

Entitlement Type: Others
Entitlement Date and Time: 15/02/2018 05:00 PM
Year Ending/Period Ending/Ended Date:
EX Date: 13/02/2018

2018-02-05 10:39

flyingdoc

My broker informs me that tomorrow is the last trading day for scomien

2018-02-07 14:23

menteripasola

yang ade hold scomien mcm mana ye?dah suspend...share tu nanti jadi macam mana ye?

2018-02-26 09:13