Was referring to Saul as a choice young man, and goodly (1 Samuel 9:2) is in this view interpreted as meaning that Saul was not good in every respect, but goodly only with respect to his personal appearance.

According to this view, Saul is only a weak branch, owing his kingship not to his own merits, but rather to his grandfather, who had been accustomed to light the streets for those who went to the bet ha-midrash, and had received as his reward the promise that one of his grandsons should sit upon the throne.

LESSON : WHAT WE DID GOOD TODAY, MAY ONLY BE REWARDED TO EVEN OUR GRAND CHILDREN.

The second view of Saul makes him appear in the most favourable light as man, as hero, and as king. This view is similar to that of the monarchical source. In this view it was on account of his modesty that he did not reveal the fact that he had been anointed king,

LESSON : MODESTY MEANS, King Saul is a very modest person, humble, ...no tattoos on the arms, no jeans with holes, no shorts/singlet...THAT"S WHY Mordecai and Esther(Book of Esther) came from him.

Before the battle he (king Saul) goes to consult a medium or witch at Endor. The medium, unaware of his identity, King Saul disguised as a commoner, reminds him that the king has made witchcraft a capital offence, but he assures her that Saul will not harm her.

She conjures the spirit of the prophet Samuel (the lesson, never consult the spirit of the dead person) , who before his death had prophesied that he would lose the kingdom.

Samuel, awaken from the Heaven (obviously Prophet Samuel is placed at the highest Level of the Heaven) tells him that God has fully rejected him, will no longer hear his prayers, has given the kingdom to David and that the next day he will lose both the battle and his life. Saul collapses in fear, and the medium restores him with food in anticipation of the next day's battle.

Samuel gave him 2 events that will happen...King Saul lost and killed in the war with the Philistine,

The account in 1 Chronicles summarises by stating that:

Saul died for his unfaithfulness which he had committed against the Lord, because he did not keep the word of the Lord, and also because he consulted a medium for guidance.

4th QR YE31DEC , should be out this month, better after the Listing of the Warrants.

The short selling activities were not discontinued yet..millions of Ringgits in value recorded under this attempt to dampen the price of the Shares.

Who were those involved in these short selling transactions and where the borrowed shares came from?

The shares may have been borrowed from the Regulated side. Are there anymore shares borrowed away from the Regulated body? Who is willing to lend their shares to those who intended to do short selling?

REMEMBER,if you borrowed money from a bank under OD against FD, will the lending bank keep your cash until you have fully settled/closing your loan account? NO, the money for your FD will be loaned/borrowed by another customer of your bank. SO, who will borrow those shares mortgaged/charged to the bank for facilities under OD or fixed loan/Shares?

Your shares pledged to the bank(s), can the banks lend those shares to another customer?

You check and see who are those who pledged plenty of shares to the bank(s) for facilities. Those banks may, may have the rights over your pledged shares and conduct the transaction of your shares while in the custody as the lender, inclusive force selling the pledged shares when the loan account turned delinquent.

Curious...

No problem. If I am wrong. Sorry.

Posted by ggggdotcom > Jan 29, 2021 9:06 PM | Report Abuse

Hi sifus.
If today buy in using contra account, held until 5pm
Plan to sell off Tue. Do I still entitle for the warrant? Tq guys


Answering:

U will not be entitled for the Warrants because you will not have the shares to be lodged on 03FEB (T+2).

The seller(s) of the shares which you have purchased today shall be entitled for the Warrants because their shareholdings in the Registrar of Shares may not have been removed.

That's why they will also be receiving any dividend(s) payable instead of you. Have you ever received any dividend before for cases of shares being sold by you one day before the Ex-Date?

Thanks.



NOTES:-

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.


Kindly be advised of the following :

1) The above Company’s securities will be traded and quoted “[Ex-Bonus Issue]” as from: 2 Feb 2021
2) The last date of lodgment : 3 Feb 2021

It is possible to collect more at the lower price even towards the last day, must have the big quantity of shares in your hand...

Hamsterhuat, is correct. Vultures....

But they must buy back before the last minute so to reflect their entitlements.

Last day to buy, today, so the Shares will be entered into your CDS on 03FEB, the Lodgement Date. You will be entitled for the warrants.

Sell today, No warrants be given

Sell on the next trading, say 02 FEB, still can get

IBs may have to buy back at higher and higher prices to cover the shortages...unless have managed in borrowing shares from the rest of the IBs, at a fee.

Each of KPower shares were divided into 4 shares (1 into 4), now fetching RM2.69 each, means you have more than RM10 for each share purchased before the split, ( 4 X RM2.69) , matching the idea of RM2.50 for Converting a warrant to Share.

On 08 JAN, when the Ex-Date, the split shares transacted at below RM2.00 each then, WHAT was your idea about the warrant price (not yet traded)? But now RM0.90 already.

SO, what we have learned from KPower? DON'T SELL, now made more from the shares and the warrants.

FOR, for SCIB, Don't SELL also, wait until the listing of the warrants at least.

For example,

KPower - Warrants RM0.90 / RM2.50 (26.39% Premium for conversion),
Share Price RM2.69 (adjusted because of the sub-division
of Shares (1 into 4), improved from RM1.90 )

*************************
In the case of,


SCIB - Warrants RMX / RM1.77 (Y% Premium for conversion),
Share Price RMZ (NO sub-division, if improved until above
RM3.00)


Kindly find X , Y and Z.


Clues for the Answering :

IF Y is 26.39...

IF X is 1.22 (RM2.99 - RM1.77 , at RM2.99 with zero
Premium for Warrants conversion)...

IF Z is 2.99 (instead of RM2.59 , or above RM3.00)

Is not exactly a Rights issue, however the Company will receive RM1. 77 for each conversion. The proceeds will help the Balance Sheet eventually. Is not a sub division, that will cause a reduced NTA.

If got new shares being issued due to conversion of Warrants, then the adjustment could be happened. But not many people will immediately convert. That's why the Warrants will not be given on the Ex Date but days later. This is help the Shares to even going up further. Of course, the Company has got the substance to support and the support from the investors.

If the Shares appreciate further, even immediately after the Ex Date, the value of the Warrants will be up to everyone's guess/calculation. SO, conversion of the Warrants is not only way to realise the profit but merely selling to another who has less capital and keep them for as long as 3 years.

RM3.04

SCIB (YE 31DEC)3rd QR @30SEPT2020 profit RM12.4 Mil / Total Assets RM420 Mil , Issued Shares 490Mil units.

KPower (YE 30JUNE) 1st QR @30SEPT2020 profit RM8.1 Mil / Total Assets RM204 Mil, Issued Shares 452Mil units.

Both got WRTs, issued shares about the same..

Not seen in recent times, 2 companies, Kpower & SCIB, under the common directorships..hot stocks altogether, those days was En Samsuddin,

The Warrants convert to Shares got a discount of one Ringgit ..

The magic point is that the Exercise price was fixed at RM1.77

However, the Company must be good, got the substance...

Good support from the investors.

Both Issued Shares are around 490M ,

people/investors were emotional, doctor & scientist were/still arguing about the vaccines then...should have entered @RM17/18, i bought like buying Bitcoin, small fraction of the one coin...

It was RM17 when the gloves making companies fared not that well anymore...

Looking back as far as one month ago, PBB price was even at RM22 a share,

One Share (RM22) became 5 shares at RM4.40 each is no Bonus in deed.
Is a sub-division Exercise of the shares.

When the company pay dividends mean the cash balances of the Company will be reduced as much as the payout amount. The accumulated the profits , hence paying the loyal shareholders.

Bonus Issue is supposed to be the Company distributing shares from the shares accumulated (via buying from the open market) instead of issuing new shares causing ballooning effect on the Issued Shares.

Rightly, it is not a BI buy should be called Sub-division of shares, so the public can buy more frequently due the adjusted downward price.

IF the Shares keep increasing the value, the Warrants will will not start from RM0.30...unlike KPower. No dilution of issued Shares.

Thanks hamsterHuat for the info.

Faith means you did not see, believing that it will happen.

But you need to investigate, witnessed the facts/events, Moses received the Commandments during the public events witnessed by millions of his followers, they were waiting at the foothill of Mt Sinai, they heard what God told them, Moses brought the Commandments written on the Tablets..

SO, you saw what has happened to KPower, nobody can deceive you. Asking you to have faith, faith...no! you check yourself and take a closer look,

Dia punya pandai lah...

Coincide with Profit reporting and the new Contract won, the Share price could go higher, helping 'printing money" via the Warrants..

Remember KPower, profits coming in & some more the new Contract that related to Medicine/Vaccine? Thin air can not help the Warrants..

SCIB is different, no sub division or addition Share bonus issue.

FREE warrants only.

Is up many people guess, about the adjustment of Normal Share price, IT could be no adjustment at all, but going up further...

IF the price reached RM2.50 b4 the Ex Date -

RM2.50 - RM1.77 = WRT value RM0.73 (theoretically)

The average cost (now RM2.25 X 2) for each Share will be < (RM4.50 - RM0.73) / 2 > = RM1.88).

Corporate Action - 2 Shares : 1 FREE Warrant

>> 2 X RM2.25 + 1 X RM1.77 = 3 Shares ( total RM6.27 , average RM2.09 a Share)

IF the share price be adjusted to RM2.09 , the Warrant can fetch
RM0.32 (RM2.09 less RM1.77) a unit at least (no Premium).

IF you sell your WRT at RM0.60 (like KPower) , your cost for 2
Shares will be RM1.95 each (RM4.50 less RM0.60)

What IF the Share price not adjusting, going up further, the
Warrants will give more value...

The best thing is, the Shares volume changed hands were only around 10M, already up RM0.20 , less on the selling

It doesn't matter, it can be another 30% in no time...next week,

Asked you to by 1,500 Shares then...

The way the Shares of KPower going forward, its Warrants are becoming more and more valuable, another 30% tomorrow...who knows,

Bought at RM7.25 1,500 Shares = RM10,875

Now, 6,000 Shares X RM2.40 + (2,000 FREE warrants X RM0.60)
= RM15,600
Made almost RM5,000 (50%)

Not print money but brought value to the shareholders..

You look at KPower Warrants, SCIB could be anther one

Suddenly, if the Company have decide that the Exercise Price is only RM1.70 , two things can happen, 1. the Normal Share can improve much further...2. the value of the Warrants will easily higher than those in KPower

At the proposal, the Exercise price usually has not been determined yet.

With the substance and the performance of the company preceding the issuance, the Normal Shares would gallop and gallop from (RM1.70)the moment of the announcement.

If the Share Value keeping improving, the Warrants will be higher and higher the value..

Why EPF and the Pension funds buying Inari?

Obviously, because of that, the value is better than others...
Needless to say, your company is very lucky and should be good if these Funds have shareholdings in your company.

SO, Insas holding so much percentage in Inari,
Why Insas share value not going up faster yet?

Insas is going to rais funds via the "rights issue" with FREE warrants
For what?

INSAS BERHAD -

RENOUNCEABLE RIGHTS ISSUE OF UP TO 132,604,152 NEW REDEEMABLE PREFERENCE SHARES ("RIGHTS RPS") IN INSAS TOGETHER WITH UP TO 331,510,380 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 RIGHTS RPS AND 5 WARRANTS FOR EVERY 10 EXISTING ORDINARY SHARES HELD BY THE ENTITLED SHAREHOLDERS, AT 5.00 P.M. ON 3 FEBRUARY 2021 AT AN ISSUE PRICE OF RM1.00 PER RIGHTS RPS ("RIGHTS ISSUE WITH WARRANTS").

BUT the NTA is RM2.73
In book , is very rich, holding Inari...
P/E 10.57 , Earning 8.99 sen.

INARI - SUBSTANTIAL SHAREHOLDERS AS AT 25 SEPTEMBER 2020

NAME NO. OF ORDINARY SHARES %
Dato’ Sri Thong Kok Khee (1) 558,515,776 17.07
Insas Berhad (2) 554,853,575 16.96
Insas Technology Berhad (3) 450,785,875 13.78
Kumpulan Wang Persaraan (4) 431,677,175 13.20
Employees Provident Fund (5) 337,412,750 10.31



INSAS - SUBSTANTIAL SHAREHOLDERS
As at 5 October 2020

Name No. of Ordinary Shares %
1. Dato’ Sri Thong Kok Khee 166,064,962 25.05
2. M & A Investments International Limited 124,420,289 18.77
3. Dato’ Thong Kok Yoon 74,203,648 11.19


EPF, KUMPULAN WANG invested in Inari instead of INSAS. But in these 2 companies, there are common directorships. INSAS Bhd holding Inari (16.96%) and Insas Technology Berhad (13.78%), total almost 30% , i have not detected the connection between Insas Bhd and Insas Technology Bhd yet...

You bought at RM7.25 (1,500 shares). Cost RM10,875

What did get now?
6,000 shares X RM2.80 each + (2,000 Warrants X RM0.30)
= RM17,400

Profit RM6,525.00 only.

Exercise Price, RM2.50.

Share RM2.80 > SO, premium is Negative, RM0.30 minimum value for the Warrants.

Liked i said, dia punya pandai lah,

This company not bad one,

Got transport the chemicals for gloves making companies
Got asset in UK
Got construction in the few neighbouring countries, local also
New business, latest announced, related to virus,

Announced at when doing the split, the right time, give value to the Warrants...

Yes

Buy before the subdivision, RM7,250 (1,000 shares),

After the Ex, 4,000 shares X RM2.55 (RM10,000) + Free warrants say 1,300 units X RM0.50 (RM1,500). Total RM11,500

And Profit almost RM4,000

RM7, 25 X 1000) - (4 X RM2. 48, Warrants RM0. 40 X 1,300) = @RM4,000

Buying shares from the open market, to be kept as Treasury Shares, rewarding shareholders with the Treasury shares in future - CR Cash/Bank DR Treasury Shares , so parking as negative figures (RM212,326M) in the Balance Sheet (QR1 30SEPT2020), next to the Reserve/Retained Profit.

Looking at this QR1, those short and long term and borrowings(RM249M & RM93M only) , the Company can use the plentiful of cash in the bank to fully settle them ( the prepayment from customers is about RM1.16B whereas the bank got RM2.35B). SO, the Company will be reported as without any borrowing at all...is a selling point for the share value. HOLD ON of buying in the open market to support the pricing...

WHY JP Morgan, downgraded the gloves making counters? Although the profits for the coming quarters could be promising when considering the EPS that being achieved, the NTA is not less important either. We know the NTA has been improved tremendously from RM0.57 to RM0.82 in the latest QR. SO, they may have to look at the PE also.

I may be they are talking about the NTA...

Like The tower of Babel, those people wanted to show their power, rebelled against God, and built the tower to reach heaven, and God confused them.

God confused the people in the world, no one is righteous, if only got 10 people is righteous God did not have to destroy Sodom, nobody know exactly - all clueless, the origin of the virus, the effectiveness of the vaccines, all brought down to their knees, the huge wipe out of big and small companies, sin kills, we don't died because of the virus/bacteria, we died because we sinned... deceived the customers, stole the government money, not honouring our parents, hatred against others, racist, no charity, arrogance, ego, boastful, betrayals, no honesty, rebelled against God...repent for God created this world out of His kindness.

Can stay above RM7.00? Good.

No Parliament sitting for the MPs/lawmakers. Business activities amongst the private sectors will be affected. No government can keep continue to fund/subsidize the losses by the private companies..

Is not easy to run the country. Power struggle, betrayal of each other, rampant dishonesty, ungratefulness...doctors/scientist disagreed about the effectiveness of the vaccines, the chiefs will be the person to be injected looked like the plan/scheme by those vaccines companies to garner the big orders for vaccination of the the non-politicians/laymen,