SCOMI MARINE, interesting roadmap ahead

link:
http://www.bernama.com/bernama/v5/newsbusiness.php?id=512890

Scomi Marine has disposed CH Offshore in the 1H10, and now the Indonesia's PT Rig Tender, together with  a few more related subsidaries. Now, we are almost certain that Scomi Marine will be tagging with the strategic investors in Indonesia, and also to expand its business in India.

This is inline with the Scomi group's strategy; India will be the prime target for the group to expand its business.

The stock price has been moving south for many months due to one off writedown last year. Now, the roadmap is clear, NTA stood at ~$1.20, healthier balance sheet, a lot of cash for business expansion.

Investors would be interested with the current undervalued price, grab a piece of it. :=)

SCOMI MARINE suspended for disposal

"Scomi marine has been suspended for material corporate exercise involving a very substantial transaction which will entail the disposal of certain subsidaries of the company..."  annoucement from BURSA.

From the chart, SCOMIMR  rallied since yesterday with huge volume. (seems a good news waiting to annouce)

Will SCOMI group hive off  SCOMI MARINE? Let's wait for annoucement.

update: scomi teams up in Indonesia

BOUGHT 10,000 SCOMIMR @ 0.375

Finally, DJIA starts to make a good rebound after weeks of uncertainty. Unclepicks decided to buy in a little bit of SCOMIMR.

Choose Stimulus or Deficit?

- Take a close watch on how markets react on the US reports.

- Dropping of stimulus and go for deficit? read:

http://www.bloggingstocks.com/2010/06/06/g20-drops-fiscal-stimulus/