Graphene Nano Share Discussion Threads

[1sillydoris] 07/12/2016 12:35

Good,at least you addressed the subject, so some progress, however a little remorse and a conciliatory admission you over egged the cake to the detriment of those who listened. . . . . Perhaps even letting free speech return by lifting the ban on Dynamohum , but that is perhaps a bridge to far and no longer in your power which has all but evaporated . . . . . . .

[leedskier] 07/12/2016 09:54

Good Morning.

The unravelling of the spread betting industry is kind of amusing.

Dealing with KentOne's point:

The change in the shares is not novel. It arises for the reasons given. The nominal value of each share issued in March 2013 (the RTO) was 20p. It follows that the company could not place shares below that price. By exchanging the exact number of shares in issue with new shares with a nominal value of 1p, the company can now place shares at someother and lower price. How many shares it will place and at what price we have yet to discover.

As for my silence on this BB, the RNS merely repeats what the Company announced last month, with the added information that all resolutions were carried. Hardly a surprise given that the Board own a very significant slice of the shares.

Which brings me to my second point. Assuming that the Company does, as it indicated in Q1, seek to raise £4 million, the CEO will have to stump up 25% of that to maintain his 25% holding. i.e. £1 million.

[john henry] 07/12/2016 07:59

Kenone it's done so that they can issue more shares.In fact 112million

[kenone] 07/12/2016 07:52

I read this to mean that as each 0.1p share is now 0.01p then assuming the shares do come off suspension the share price will start at 1.475p instead of 14.75p. Does that make sense ? (I hope I'm wrong !)

[john henry] 06/12/2016 22:04

Shares remain suspended

[john henry] 06/12/2016 22:02

Brian read the last paragraph, the shares being related are the re organised ordinary shares. New nominal value of 0.01p

[john henry] 06/12/2016 21:55

112M shares to be issued very soon, at what price ????

[brian1944] 06/12/2016 16:52

rob thats rubish read the statement of 6/12/2016

[rob67] 06/12/2016 15:04

14.75 as they will still be suspended!!

[brian1944] 06/12/2016 12:16

so what price the share price on the 7th

[mdvorkin] 28/11/2016 21:21

Scomi Group sees another quarter in the red as revenue sinks
By Billy Toh

November 28, 2016 : 7:42 PM MYT


KUALA LUMPUR (Nov 28): Scomi Group Bhd posts its second consecutive quarter in the red with a net loss of RM21.2 million, as revenue almost halved on a year-on-year basis on lower contributions from its oilfield services, transportation solutions and marine services segments.

Revenue for the second quarter ended Sept 30, 2016 (2QFY17) fell to RM176.05 million from RM337.76 million a year ago, when it achieved a net profit of RM5 million, its bourse filing today showed.

Oilfield services was the biggest drag on its quarterly results, with a segment loss of RM7 million as compared to a segment profit of RM21.8 million a year ago, as revenue fell 56% to RM110.4 million from RM250.9 million, on lower drilling activities in several countries as its customers grew cautious in their drilling plans.

Its transport solutions recorded a loss of RM3 million versus a profit of RM1.9 million in 2QFY16, mainly due to unrealised foreign exchange losses arising from the translation of accrued receivables for the Mumbai monorail project as the Indian rupee weakened against ringgit; revenue slid 29% to RM30.6 million from RM43.3 million, with lower revenue from both rail and commercial vehicle segments.

Its marine services posted a loss of RM13.9 million against a loss of RM5 million in 2QFY16, as revenue declined 19% to RM35.1 million from RM43.6 million on less use of offshore vessels, with fixed costs in place.

For its cumulative first half (1HFY17), it posted a net loss of RM33.4 million compared to a net profit of RM14.7 million in the 1HFY16, as revenue declined 42% to RM413.6 million from RM717.7 million.

Moving forward, the group expects oil price to remain at current levels in the near term and that customers will not invest significantly, which would result in low revenue for its drilling services.

"Our primary focus continues to be in the area of cost optimisation and bringing new products to market in existing countries," it said in a note filed with Bursa Malaysia.

As for its marine services, it said coal prices have strengthened, which creates opportunities for higher utilisation of its vessels. It will also explore opportunities to charter out its vessels at competitive rates.

Its transport solutions continue to focus on completing projects in Brazil, India and Malaysia and are progressing well with the additional scopes awarded for the Line 17 Monorail project in Brazil.

Having said all that, Scomi expects its performance outlook to "remain challenging" for the rest of the financial year.

Scomi Group's shares settled unchanged at 10.5 sen today, with a market capitalisation of RM199.8 million. Year to date, the counter has declined 38%.

[psyco] 15/11/2016 11:31

rob67 , many thanks .

[rob67] 15/11/2016 11:14

Do I read it right that GNC will share in the profits of all the oil sold from these mature wells? With a 20% recovery rate or better and 75% margin on GNC recovery nano fluid used this is an brilliant bit of business. Unless I'm reading it wrong??

[rob67] 15/11/2016 11:10

The bit in the interim results I like is the following :Recovery SolutionsWith gross margins above 75%, and minimum 20% recovery improvement, this is the current focus of the Group within the nano fluid offerings. The business model for this offering is based on a profit sharing arrangement with the end client on access recovery from oil wells. This platform solution offered enables6 enhanced recovery for mature oil wells for cost effective returns to customers, at zero cost. The Group has identified a potential partner with access to c. 5,000 mature oil wells in the Middle East for the launch of the recovery solutions business.This is an exciting area for the Group for the potential quantum leap in earnings. With current established recovery improvement rates achieved by the group in access of 20%, the Group is confident of achieving an improved average recovery rate of 20%.

[rob67] 15/11/2016 11:00

According to the RNS dealing with the share and capital reorganisation, trading will recommence on or about 7th December. So no it hasn't delisted.

[psyco] 15/11/2016 10:15

lledskier , and the answer please ?

[leedskier] 15/11/2016 08:57

One does not have to be a "psyco" to post on ADVFN, but I am increasingly of the view that many are.

[leedskier] 15/11/2016 08:01

Incidentally I see PPC has announced this morning a proposed fund raise. Again the Chairman and major shareholder there will have to stump up too.

[psyco] 15/11/2016 08:01

has GRPH delisted ?

[leedskier] 15/11/2016 07:45

What follows is speculation:


1. The Company was able to post the full year accounts within a short period of time following the initial suspension.

2. However the vote in the UK in late June roiled the markets and hammered Sterling. Unfortunate timing.

3. The Company -- as it advised in Q1 (the sum mentioned was @pound;4 million) when it updated on the restructuring knew it needed to raise some working capital. If shareholders were not to be hammered by the putative placing, the Company needed to remain in suspension until such time as either Sterling or the price of Oil recovered.

4. Sterling has recovered to $1.25.

5. Given the directors and the major shareholder and the former Chairman of Surrey East Conservative Party, hold a very large slice of the shares, they collectively will either have to stump up about 30% of the total fund raise or face the same dilution as the rest of us.

6. As appears the two debts secured against specific assets and due for repayment are more than sufficiently covered by the fully written value of those assets.

7. The Company is intending to horizontally expand into a new line, small buildings constructed from polymers.

8. Scomi and everyone else in the oil service sector is dependent on the price of oil recovering. Whether OPEC will take a decision or risk having one forced upon it by the market remains to be seen. Saudi Arabia is wholly dependent on oil revenues and must be in a tight place. 30 November is the day of the critical Meeting of OPEC when Saudi Arabia either has to put up or shut up.

[marketeer4] 14/11/2016 22:07

I have now thanks but need time to get my head around where we are going and at what cost to shareholders.

[leedskier] 14/11/2016 19:24

Three RNS were posted, have you only seen one?