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2021-01-28 12:10 | Report Abuse
Seems like mother share on ex-date will be adjusted, but I am also wondering whether warrant price is determined either from 1. price on ex date or 2. price before day of listing?
2021-01-26 20:12 | Report Abuse
@HamsterHuat Apologies if I am incorrect, but this is to my understanding regarding ex-date and entitlement date. I agree, please check with your remisier to better understand the dates regarding the free warrants
2021-01-26 19:11 | Report Abuse
You must hold onto your shares until the Entitlement date to be eligible for the free warrants.
"Issuance of up to 245,265,000 warrants in Sarawak Consolidated Industries Berhad ("SCIB") ("Warrant(s)") to the existing shareholders of SCIB on the basis of 1 Warrant for every 2 existing ordinary shares held in SCIB held as at 5.00 p.m. on 3 February 2021"
So your shares bought before ex-date must be held past 5pm, 3rd Feb. If sold on ex-date (2nd Feb), you will not be entitled
Thereafter, the issuance of these warrants is on 16 Feb
2021-01-26 18:31 | Report Abuse
Please see this announcement for more info: https://www.klsescreener.com/v2/announcements/view/3292883
2021-01-26 18:28 | Report Abuse
regarding ex-date, buying shares on/after the ex-date does NOT entitle you to dividend/distributions. Hence buying shares on ex-date itself will not give you free warrants
2021-01-26 18:26 | Report Abuse
Basically, to get free warrant, you must buy shares before the ex-date of 2nd Feb. Since 1st Feb is public holiday and bursa closed, you can only buy the shares up until 29th Jan. Once you buy your shares, you must hold these shares until the Entitlement date, which is set on 3rd Feb. So, you must hold these shares that you bought before the ex-date, until 5pm 3rd Feb for you to get the free warrants
2021-01-22 13:01 | Report Abuse
kpower is losing steam. price adjustment to a more reasonable TP now
2020-11-30 12:53 | Report Abuse
10.28 x 4 x 15 P/E = TP RM6.16
10.28 x 4 x 20 P/E = TP RM8.22
2020-11-16 15:55 | Report Abuse
to all the naysayers, watch transaction screen and see who is collecting at 0.255 lol
2020-11-16 15:52 | Report Abuse
have faith, strong buy at 0.255. Price will rebound in time
2020-11-16 12:23 | Report Abuse
Now mass buying at 0.27 again. Really manipulated counter haha
2020-11-16 12:19 | Report Abuse
Mass buying at 0.265-0.27 range. Possible to go back to 0.285-0.295 after lunch break
2020-08-18 11:12 | Report Abuse
supermax egm happening now. let's see what happens
2020-08-17 14:36 | Report Abuse
it's been a good run, comrades. RIP
2020-07-07 16:08 | Report Abuse
powerinvestor just sounds like a sour old man that keep saying bad stuff about sas? you have personal vendetta against sas? just leave the forum...nobody cares..
2019-02-13 14:54 | Report Abuse
no more epf exerting downward pressure
2018-05-19 17:31 | Report Abuse
Powerinvestor you seem to be a hot head aren't you? I did not even mention that you were wrong and I am aware about SAS' CFO.
Be less defensive and neutral and maybe we'll have a more meaningful conversation.
2018-05-18 13:10 | Report Abuse
An investor, just like yourself powerinvestor. I feel there is a need for me to join the discussion, considering all of your comments
2018-05-18 11:26 | Report Abuse
With Tun M's leadership, education industry is expected to bloom. SAS will be more poised to tackle new changes due to its many business units. Expected to rise from now on
Stock: [SCIB]: SARAWAK CONSOLIDATED IND BHD
2021-01-28 12:25 | Report Abuse
I think i may have found the answer here http://taadress.ta.com.my/Circular/G%200011%20of%202016%20Guidelines%20Reference%20Price%20Calculation_Corporate%20Action_New%20Listing.pdf
1. Price adjustment of mother share on ex-date is on page 8, point 5
> ((2 * [mother share price before ex-date]) + 1.77) / 3
> Taking rm3.0 closing as example, ((2 * RM3) + 1.77) / 3 = RM2.59
> So mother share price is adjusted from RM3 to RM2.59. If mother share price is below 1.77,
there will be no adjustment
2. Determination of warrant price on listing date is on page 24, point 3
> Warrant price will be determined based on price before day of listing i.e. 15th Feb
Please do correct me if i am wrong