Graphene Nano Share Discussion Threads

[mdvorkin] 29/2/2016 14:36

For those still here:

Scomi Group Bhd
News Release 25 February 2016

Scomi records 37% jump in profit

PETALING JAYA: Scomi Group Bhd (“Scomi” or “the Company”) posted an encouraging performance for its third quarter ended 31 December 2015 (Q3 FY2016). The Company’s revenue grew by 10.3% whilst its profit after tax (“PAT”) improved by 37%.
Despite the subdued market conditions, revenue for the third quarter increased to RM374million from RM338million the previous quarter. Whilst major oilfield markets of Malaysia, Indonesia and West Africa experienced low rig count, the Company’s oilfield services activity in other key markets of the Middle East and Russia have increased or remained stable. Weak coal market continued to impact the Company's Marine Services operations in Indonesia whereas the Transportation segment also recorded marginally lower value of work during the quarter.

In terms of profitability, gross margins reduced marginally due to adjustments for
inventories and doubtful debts as well as lower margins from marine services. However, PAT increased by 37% to RM9.026million. This was a direct result of drastic reductions in operating expenses of 17% from RM53million to RM44million for the quarter.

Recording a revenue of RM324million, the Group’s Energy Division’s performance was in line with its expectations. Setting aside adjustments, its oilfield services’ PAT improved by 47%. However, the Division’s performance was weighed down by the poor performance of its Marine Services.

Despite the many challenges, the Group’s Transportation division posted a PAT of RM1.2million on the back of RM49.5million revenue which is a vast improvement as compared to its second quarter’s PAT of RM0.19million.

“The Oilfield division will continue to face a challenging operating environment for
the remainder of 2016. We will continue to exercise prudence that involves cost and cash flow management. The continuous reduction in our operating expenses is the result of this initiative by the Management,” said Mukhnizam Mahmud, the Group’s Chief Financial Officer.

“On the business front, we are continuously looking to focus on new products such as graphene-enhanced products as well as exploring new non-traditional markets. The Oilfield Services unit continues to be active in tendering for new jobs and has outstanding bids that amount to USD700million. As for the Transportation division, the focus will be on project execution and stringent cost management whilst taking measures to build order book,” he added.

[argyle underclap] 26/2/2016 18:35

A flurry of trades late in the day.

maybe something good this way comes...

[leedskier] 26/2/2016 16:49

Oil is rising.Some argue that the price of oil will fall again, but for now oil is being bid up.

[argyle underclap] 26/2/2016 16:40

signs of life or a trading play?

[leedskier] 25/2/2016 18:29

Hi, my guess, and it is only a guess, is that the timing of the change from short-term borrowing to a longer term borrowing, will coincide with a sustained move up in the oil price. The higher the oil price the better the terms, I presume.

[juleshoddy] 25/2/2016 18:17

Leed, you still around here? you have any thoughts on this one? They had mentioned of a "update shortly" on the debt, but that was way back in November.

[ghost of mclala] 18/2/2016 10:58

Delisting or a massive RI is coming.


Nevertheless target remains 0p

[ghost of mclala] 18/2/2016 10:57

Unfortunately hindsight are for idiots, it's insights that's important.


The special one and Dynamo are the only who had insights here

[juleshoddy] 09/2/2016 23:36

Astounding insight Mcdrunkass. I'm amazed society has made it this far sometimes.

[ghost of mclala] 09/2/2016 21:45

Poor Bobbie, still the biggest muppet plank on this thread was buying this sheik at 60p now.

These people have no dignity no self respect to move on to their next disaster impending.

Grandma Sherlock moves from one disaster to the next one on a weekly basis. Amen

[ghost of mclala] 09/2/2016 21:04

It's time this thread is closed down and Grandma Sherlock to leave afn. Most GRPH stakeolders can agree with this

[rob67] 09/2/2016 15:15

Yes I hear the GRPH management are season ticket holders at Leicester. .

[miavoce] 09/2/2016 15:12

I think it is something to do with Man Utd but can't be sure.

[rob67] 09/2/2016 15:10

What the f are you blathering on about

[ghost of mclala] 08/2/2016 22:13

Dear EJ

Please do not give Grandma Sherlock any oxygen, she's an oxygen waster, the poor dopey KENT

[juleshoddy] 05/2/2016 17:48

My holding used to look something like that. not now though. C'mon oil, back up to $85 a barrel please.

[1sillydoris] 04/2/2016 15:59

Afternoon chaps, I got a whif of something so thought I'd call in to see if any money's been found, apparently it's going to be called Graphene Cordial . . . . dilute to taste,
The next update better show some solid orders fulfilled and paid for , if they do then maybe it won't be too unpalatable . . . . . Orders for $33,000 and renting out the bio plant for $500,000 pa. just ain't good enough.

[wskill] 31/1/2016 05:47

Strange then the same management team who floated PURE which has had a market cap of over £1 billion at times are in charge here at GRPH .
And you cannot say that there has been anything wrong there can you but that will not fit in with your story line will it.
We have a proven management team here and that is a fact as can be seen from past accomplishment's .

[1sillydoris] 30/1/2016 22:32

Jones may be fickle, but in the end he saw the light, can't argue with that. . . .

He was a believer as evidenced by the following

GRAPHENE NANOCHEM: Producing Graphene & Methyl Esters from Renewable Sources - GRPH
Erogenous Jones - 10 Mar 2015 - 16:17:30 - 5880 of 7444
But rob - they are just the nickel and dime merchants. I really don't believe that these creatures are worth worrying about - let's face it, GRPH has a good story, has excellent managers focused on production in volume, is winning orders in its core market, expanding its range and at the end of 2014 was profitable.

Now, those are qualities that I like.

I have a very decent chunk of shares in a company that has been under a short attack, TUNG. These are real short sellers but are slowly closing their position. If you care to look at you will be able to see which organisations have short sold and how their positions change.

There has not been any meaningful short position in GRPH, hence my ascertion that these are small time players.

[1sillydoris] 30/1/2016 21:52

DH said you would continue to push the Scomi story and completely ignore the reality.
He's just posted this as confirmation that orders for drilling fluids are just ink on paper until the order is fulfilled paid for and reflected in the accounts, also where's the money , taking a long time !
The smell isn't exactly Chanel from here is it.

KUCHING: Scomi Energy Services Bhd’s (Scomi Energy) contract extension from PT Total E&P Indonesie (PT Total), as reported by the media, relating to providing drilling fluid and completion services, has garnered neutral views by analysts.

According to the research arm of BIMB Securities Sdn Bhd (BIMB Securities Research), Scomi Energy reported that the group has been awarded a one year contract extension from PT Total worth US$41.6 million (RM183 million).

“This is in continuation to the three years contract award signed back in 2012,” BIMB Securities Research said.

BIMB Securities Research noted that with the slowdown in drilling activities globally, Scomi Energy’s ability to secure drilling fluid contract continues to reflect clients’ confidence towards the company.

“However, biggest main concern is on Scomi Energy’s earnings delivery despite currently sitting on large orderbook at US$1.78 billion,” the research arm said.

BIMB Securities Research was neutral on this announcement and has made no changes to its earnings forecasts as this was within the research arm’s orderbook replenishment assumption.

In lieu of the rather subdued outlook on the sector, BIMB Securities Research maintained its ‘hold’ call with unchanged target price of RM0.22 per share.

“Recent further weakness in global crude prices which fell under US$30 per barrel also poses uncertainty in earnings contribution delay as Scomi Energy’s clients may now delay its drilling programme until further clarity and more visible improvement on macroeconomics and oil and gas market dynamics,” the research arm said.



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