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Home calvintaneng SCOMIES SCOMIES (7045) MOST UNDERVALUE WITH HIGHEST POTENTIAL FOR PRICE REBOUND, Calvin Tan Research

SCOMIES (7045) MOST UNDERVALUE WITH HIGHEST POTENTIAL FOR PRICE REBOUND, Calvin Tan Research

On



Hi guys,
Calvin is very excited this blessed Year of 2020!
Many buy calls were Chun Chun in the Glove, Face Mask & Sanitizer Theme of Supermax, Comfort Gloves, Luxchem, Adventa, Es_Ceramic, Mtag, Prolexus,  Nylex & RGTech
Finally Calvin “SEES” One Stock in the Oil & Gas Sphere with Great Potential for REBOUND!
Why? What are the Reasons?
There are multiple reasons
Here you go
1) BRENT CRUDE OIL REBOUNDING TO USD40 IS VERY GOOD FOR SCOMIES IN PARTICULAR!
Why is it so?
Because Scomies has a Rm610 Millions Drilling Oil Supply to Kuwait Oil Corp
See

OTHERS Award of Contracts to Scomi Oiltools Sdn Bhd (SOSB) by Kuwait Oil Company

SCOMI ENERGY SERVICES BHD

Type Announcement
Subject OTHERS
Description 
Award of Contracts to Scomi Oiltools Sdn Bhd (SOSB) by Kuwait Oil Company
1. Introduction
The Company is pleased to announce that its wholly-owned subsidiary, Scomi Oiltools Sdn Bhd (SOSB), has entered into contracts  with Kuwait Oil Company, for the provision of mud products and mud engineering services for deep drilling dated 31 January 2019 and for the provision of mud products and mud engineering services for development drilling dated 4 February 2019  (the “Contracts”).  The Company received consent to announce the Contracts from KOC via their letter dated 21 March 2019 which was received by the Company on 22 March 2019.

2. The Contract Value
The total estimated value of the Contracts is US$150 million (equivalent to Ringgit Malaysia 610 million).

3. Duration of the Project
The Contracts are for a period of 5 years commencing from the date of the execution of the Contracts.

4. The effect on Net Assets of the Group
The Contracts will not have any material effect on the Company’s Net Assets for the financial year ending 31 March 2019. They are expected to contribute positively to the Company’s earnings over the period of the Contracts.

This announcement is dated on 25 March 2019.
Now that OIL HAS REACHED USD40 KUWAIT OIL CORP WILL DO VERY WELL & WILL BENEFIT SCOMIES
Why KUWAIT SO SPECIAL?
THE ANSWER IS THE VERY LOW COST OF OIL PRODUCTION IN KUWAIT
EVEN OIL AT USED20.00 KUWAIT & SAUDI CAN SURVIVE BUT NOT MALAYSIA OR EVEN RUSSIA WHICH HAVE MUCH HIGHER COST FOR OIL PRODUCTION
See



Cost of Oil Production in Saudi Arabia (USD8.98), Iran (USD9.08) & Iraq (USD10.57) are among the lowest on earth & Kuwait being next to Saudi is also less than USD9.00 to produce
That means that SCOMIES will do very well
Now how much will SCOMIES Make in One Year?
Rm610 Millions for 5 years. Revenue per year Rm610 Millions means about Rm122 Millions a year.
And gross profit is 25% or Rm152.5 Millions or Rm30.5 Millions a year (just from this single job alone)
Then there is the marine division which is profitable.
So unknown to many Scomies has a healthy income generating revenue.

2) SCOMIES going into PN17 was due to Its Lending Money to help Scomi Mother & the delay in bridging loan for loan stock debt due
Only for Rm80 millions Scomies defaulted they put Scomies into Pn17. This is unwarranted as Scomies got
lots of Asset backing

OTHERS SCOMI ENERGY SERVICES BHD (“SESB” OR “THE COMPANY”) – DEFAULT IN PAYMENT PURSUANT TO PARAGRAPH 9.19A OF BURSA MALAYSIA SECURITIES BERHAD’S MAIN MARKET LISTING REQUIREMENTS

SCOMI ENERGY SERVICES BHD

Type Announcement
Subject OTHERS
Description 
SCOMI ENERGY SERVICES BHD ("SESB" OR "THE COMPANY") 
- DEFAULT IN PAYMENT PURSUANT TO PARAGRAPH 9.19A OF BURSA MALAYSIA SECURITIES BERHAD'S MAIN MARKET LISTING REQUIREMENTS
Reference is made to the announcements dated 13 December 2019, 16 January 2020, 21 January 2020, 13 February 2020, 28 February 2020 and 3 March 2020 (“Announcements”) made by the Company in relation to the above matter. Words used herein shall have the same meanings as are assigned to them in the Announcements.
The Company wishes to update that Hong Leong Investment Bank Berhad, being the facility agent under the KMCOB Bond and FGI Facility (“Facility Agent”), issued a notice to KMCOB declaring that KMCOB has caused an Event of Default (as defined in the FGI Facility Agreement) and that the sum of RM80,412,996.09 (“Relevant Amount”) shall be immediately due and payable. The Relevant Amount is equivalent to the amount paid by Danajamin to the Trustee to repay the KMCOB Bond pursuant to the claim made by the Trustee to Danajamin following the KMCOB Bond Default.

SEE SCOMIES ASSET VALUE IN SCOMIES OIL TOOLS BUSINESS
(See latest qtr report Under A8) Net assets —————–Rm 437,996,000
SCOMIES OIL TOOLS BUSINESS ASSETS ORIGINALLY ACQUIRED FOR OVER RM1 BILLIONS HAS BEEN MARKED DOWN TO RM600 MILLIONS AND LESS LIABILITIES IT STILL HAS A VALUE OF RM437.9 MILLIONS
So if Scomies want to it can Morgage this as colateral for bridging loan or sell half to interested parties like PetChem which it has already signed 2 Joint Ventures

3) SCOMIES CURRENTLY STILL GOT CASH HOARD OF RM62 MILLIONS ( Its  current debt Rm121 millions)
Plus Scomies lent Rm50 Millions cash to Scomi mother (Still a portion to be collected). If Scomi default Scomies can still got recourse to collect by asking Scomi to sell its shares to make payment (Scomi is the Top holder of Scomies shares)
So PN17 could be resolved (SC has given time to all PN17 companies time to regulate their accounts) trough
a) Scomies getting a bridging loan
b) Sell part or all of Scomies OIl Tools (Worth over Rm400 Millions) to raise cash
c) Get Scomi to pay up
d) Current income from Rm610 Million Kuwait Oil Corp job & others

So PN17 is no cause for the Over sold position of Scomies to such low bargain basement levels

4) SCOMIES IS NOW SELLING VERY CHEAP AFTER 5 to One Consolidation
At 16.5 sen today Scomies is actually worth 3.3 sen a share. This is even cheaper than Scomi (code: 7158) at 4.5 sen
How could that be?
It was by helping insolvent Scomi that Scomi Energy (7045) defaulted on its debt. Not only that. In one past AGM or EGM shareholders of Scomies rejected taking over Scomi to solve its problem!! This is ironical indeed. Now Scomies at 3.3 sen is less value than 27% to Scomi 4.5 sen???
Don’t tell me Silver Cost more than GOLD?
Scomi is a bankrupt rubbish on its own while Scomies is FULL OF ASSETS, CASH & GOOD REVENUE FROM RM610 MILLIONS
SO THE MARKET HAS TOTALLY MISPRICED SCOMIES
THIS DISCREPANCY IS NOW REVEALED
Ha! let me relate a similar incident
Ok look at ths past article

TOP 10 VALUABLE INVESTMENT SECRETS MY JOHOR SIFU TAUGHT ME(Calvin Tan) https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2016-06-04-story97844-TOP_10_VALUABLE_INVESTMENT_SECRETS_MY_JOHOR_SIFU_TAUGHT_ME_Calvin_Tan.jsp


9. CONCEAL KNOWLEDGE
Once I was in the Stock Market with my Johor Sifu. I saw one guy buying Sapura shares instead of SapuraTech to his ignorant.
Sapura is taking SapuraTech Private with extra Rm40 a shares.
The irony is this  – both Sapura & Sapuratech are trading at 80 cents a share.
By buying SapuraTech you get one share of Sapura with 4 extra cent

Like this
One Sapuratech = One Sapura & 4 cents
So buy Saparutech instead of Sapura – you dummy!!
I wanted to warn the dumb guy but My Johor Sifu restrained me
“Don’t tell him. No point. He might not understand your good intention & might even give you a good scolding.” my Johor Sifu warned me. So let it be.
The above is a real life experience.
Now my Johor Sifu is a Multi Millionaire so he keeps to himself. For Calvin he just like to share the joy.
I hope all understand the difference between Value & price.
So now you “KNOW” THE REAL VALUE OF SCOMIES
Who else knows?
Yes!!!
5) 2 NEW SHAREHOLDER ARE FIGHTING TOOTH AND NAIL TO TAKE OVER SCOMIES!!
While people are dumb to sell and dispose Scomies like dirt , 2 New Shareholders have Surfaced and  are Fighting for the Shares of Scomies (not scomi!)
See (This one is Scomi problem (not scomies)

See again very carefully

LOOKS LIKE THEY WERE GRABBING SCOMIES SHARES FOR DEBT DEFAULT BY SCOMI MOTHER FOR SCOMIES SHARES
BUT SCOMI MOTHER FOUGHT BACK BRAVELY FOR SUCH PRECIOUS SCOMIES SHARES FOR DEAR LIFE
SO IN THE END BOTH NEW ENTTIES PAID 5.2 SEN FOR THEIR SHARES
THEIR COST?
5.2 SEN X 5 = 26 SEN!
WAHAHA!
THEY THINK SCOMIES AT 26 SEN A REAL GREAT BARGAIN!
SO THEY PAY UP FIRST. AND STILL PURSUING MORE SCOMIES SHARES FROM SCOMI MOTHER WHO OWED THEM MONEY
WHAT ABOUT US?
IS 16.5 SEN (3.3 SEN REAL TIME VALUE) STILL CHEAP?
WHAT ABOUT SCOMIES CEO STILL HOLDING HIS 1.8 MILLION SCOMIES SHARES BOUGHT AT 10.5 SEN?
HIS REAL HOLDING COST NOW 10.5 SEN X 5 = 52.5 SEN???
AND 16.5 SEN NOW ON OFFER IS IT NOW VERY CHEAP? ALMOST 70% CHEAPER THAN CEO!!! HOHOHO!
SCOMIES PRICE NOW 16.5 SEN
SHORT TERM TARGET PRICE IS 30 SEN TO 50 SEN
LONGER TERM AFTER UPLIFT OF PN17 IS RM1.00
BEST REAGRDS
CALVIN TAN RESERCH
SINGAPORE

PLEASE BUY OR SELL AFTER DOING YOUR OWN DUE DILIGENCE

Note: Same scenario happened to Mp Corp when it gone into Pn17 & then even suspended
Mp Corp dropped to the low of 2 sen June 19th 2018 just before it got suspended at 4.5 sen. Some brave souls bought 500,000 Mp Corp shares
See
Posted by cinapeh > Jun 22, 2018 4:52 PM | Report Abuse 
bought 500k mpcorp @ 5.5c, keep for 3 years, just like lock into fixed deposit, bank interest 4%x3 = 12%, i believe my return will be more than 1000% in 3 years , 333% per year

And then Mp Corp was Uplifted from Suspension (still pn17) Its share price SHOT PAST 10 SEN TO THE HIGH OF 16.5 SEN Up 300% FROM 5.5 SEN Go see in Mp Corp Forum
SO AT 16.5 SEN (Or 3.3 SEN) HOW HIGH AND HOW FAR WILL SCOIMES REBOUND UPWARD?
Yet to be seen.

https://eaglevisioninvest.com/scomies-7045-most-undervalue-with-highest-potential-for-price-rebound-calvin-tan-research/
calvintanengSCOMIES
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