Posted by gforce2 > 2017-06-22 13:06 | Report Abuse

Like it or not, Silk is still considered a loss-making entity. That's probably weighing on the share price.

Assuming that all the dividend (15 sen x 702m shares = RM105.3m) is reinvested under DRP into shares, we're looking at an additional 329m new shares (almost like a 1 for 2 bonus issue).

They need to show a profitable quarter (excluding the one-off disposal) before the share price can really shoot up. Next Q results at end-Aug.

Posted by tomjohor > 2017-06-22 14:57 | Report Abuse

The Board of Directors of the Company (“Board”) is pleased to declare a special dividend of 10 sen per Share (“Special Dividend”) and an interim dividend of 5 sen per Share for the financial year ending 31 December 2017 (“Interim Dividend”) (Collectively, the “Dividends”).

The shareholders of the Company had at the Extraordinary General Meeting held on 21 June 2017, approved the dividend reinvestment plan that gives its shareholders the option to reinvest their cash dividend(s) declared by SHB in new Shares (“DRP”).

The Board has determined that the DRP shall apply to the entire portion of the Dividends.

The Board has also fixed the issue price of the new Shares to be issued pursuant to the DRP at RM0.32 per new Share today (“Issue Price”) (“Price Fixing Date”). The Issue Price represents a 9.25% discount to the adjusted 5-day volume-weighted average market price (“VWAP”) of the Shares immediately prior to the Price Fixing Date. The 5-day VWAP of the Shares immediately prior to the Price Fixing Date of RM0.5026 adjusted for the Dividends per Share of RM0.15 is RM0.3526.

The Company will be submitting an application to Bursa Malaysia Securities Berhad (“Bursa Securities”) for the listing of and quotation for the new Shares to be issued pursuant to the DRP on the Main Market of Bursa Securities.

The book closure date to determine the entitlement for the Dividends will be announced after obtaining the approval from Bursa Securities on the Company’s additional listing application.

This announcement is dated 21 June 2017.

Posted by Jefflim1234 > 2017-06-22 17:58 | Report Abuse

Ya but u do have the OPTION to take cash or reinvest.

Posted by saikuro525 > 2017-06-22 21:14 | Report Abuse

take cash or DRP, price will be adjusted on ex, if share price don't move up you still get nth

Posted by Nick Motor > 2017-06-22 22:19 | Report Abuse

When ex date??? 31/12/2017?

Posted by LogicTradingAnalysis > 2017-06-22 22:52 | Report Abuse

price will definitely go up before Ex date. I target RM 0.60 at least.

Posted by Jefflim1234 > 2017-06-22 22:57 | Report Abuse

U guys r right on that count. Price will b readjusted ex div whether in cash or DRP. However we can only take a cue from other stocks that pays a special div whether from sale of assets, etc or what not. The stock price always goes up after announcing/approving a special div irrespective of whether the company is a loss making entity at the point of paying the div. Anyway from TA the indicators are showing +ve signs of upward movement. I guess all of us need a good dose of patience if v r to make profits in the stock. PATIENCE IS BITTER BUT THE FRUIT IS SWEET. Comment is not meant as a recommendation to buy or sell. Use info only as u see fit!

Posted by Jefflim1234 > 2017-06-22 23:06 | Report Abuse

“The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.”
Sober judgement is a commodity in a world of emotional investors.
“You’re dealing with a lot of silly people in the marketplace; it’s like a great big casino and everyone else is boozing. If you can stick with Pepsi, you should be O.K.”

Posted by Nick Motor > 2017-06-23 09:39 | Report Abuse

drop drop.......director pls wake up

Posted by melvin001 > 2017-06-23 10:26 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5467569
is this confirmed that it is not a special dividend but rather a bonus issue? omg -.-

Posted by taitaumau > 2017-06-23 10:57 | Report Abuse

Melvin001, announcements clearly say special/interim dividends, not bonus shares. Under DRP, shareholders are given an OPTION to reinvest their cash dividends in new shares instead of receiving it in cash.

Posted by Nick Motor > 2017-06-23 15:09 | Report Abuse

y that sohai director keep selling???really mother fucker la

Posted by AKUMAUKAYA > 2017-06-23 15:49 | Report Abuse

Raya ma...

Posted by AKUMAUKAYA > 2017-06-23 15:49 | Report Abuse

need money for house open or open house....keh keh keh

Posted by melvin001 > 2017-06-23 21:29 | Report Abuse

taitaumau, although it stated special/interim dividends, the effect is the same as bonus issue as the price will be adjusted prior to the special dividends...

Posted by Jefflim1234 > 2017-06-23 23:17 | Report Abuse

Prices will adjust accordingly for All divs, bonuses, rights etc on ex.

Posted by ran777rpt > 2017-06-24 17:05 | Report Abuse

http://www.thestar.com.my/business/business-news/2017/06/24/cashrich-silk-holdings/

Posted by Tan Issac > 2017-06-28 14:12 | Report Abuse

cash rich but sick stock

Posted by TrippleZ > 2017-06-28 14:27 | Report Abuse

Stock market is where we invest to grow money. Not like Silk sitting on a pile of money having no idea to grow.

Posted by Tan Issac > 2017-06-28 15:01 | Report Abuse

sack all the stupid directors ,hold a lot of money but dun know to grow money

Posted by Nick Motor > 2017-06-28 19:19 | Report Abuse

when will start change name?hope after new name will fly la

Posted by Raja Nor Hisamuddin GC > 2017-07-11 17:00 | Report Abuse

run

Posted by Raja Nor Hisamuddin GC > 2017-07-11 17:03 | Report Abuse

Marine & General Berhad (Company)


Stock price: SILKHLD (KLSE) RM0.46 -0.01 (-2.13%)

Posted by tomjohor > 2017-07-12 08:54 | Report Abuse

On behalf of the Board of Directors of M&G, Affin Hwang Investment Bank Berhad (“Affin Hwang IB”) and Astramina Advisory Sdn Bhd wish to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has, vide its letter dated 10 July 2017 (which was received after the close of business on 10 July 2017), approved the listing of and quotation for up to 328,843,856 new ordinary shares in M&G (“Shares”) to be issued pursuant to the DRP, subject to the following conditions:

(1) M&G and Affin Hwang IB must fully comply with the relevant provisions under the Main Market Listing Requirements (“Listing Requirements”) of Bursa Securities pertaining to the implementation of the proposal;

(2) M&G and Affin Hwang IB to inform Bursa Securities upon completion of the proposal; and

(3) M&G to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities approval once the DRP is completed.

As the new Shares to be issued pursuant to the DRP will be listed and quoted as the existing securities of the same class, quotation of the new ordinary shares will commence on the next market day after the following:

(i) submission of the share certificate together with a covering letter containing the summary of the corporate proposal to Bursa Malaysia Depository Sdn Bhd (“Bursa Depository”) before 10.00 a.m. on the market day prior to the listing date;

(ii) receipt of confirmation from Bursa Depository that the additional new shares are ready for crediting into the securities accounts of the respective account holders; and

(iii) an announcement in accordance to Paragraph 13.2 of Practice Note 28 is submitted via Bursa Link before 3.00 p.m. on the market day prior to the listing date.

M&G is required to ensure full compliance of all the requirements under the Listing Requirements at all times.

This announcement is dated 11 July 2017.

Posted by huat888 > 2017-07-12 09:48 | Report Abuse

What is the conclusion above announcement?

Posted by tomjohor > 2017-07-12 09:57 | Report Abuse

Conclusion: DRP has been approved by Bursa on 10/07/17. Div 15 sen Ex date may announce next week. DRP price is 0.320. Buy at current price should be safe lah...

Posted by huat888 > 2017-07-12 10:45 | Report Abuse

Oic, tqvm!

Posted by chewysoon82 > 2017-07-12 17:26 | Report Abuse

silk, 15 sen div, ex date 24 july

Posted by tomjohor > 2017-07-12 17:59 | Report Abuse

Kindly be advised that the aforesaid Company has changed its name to Marine & General Berhad. As such, the Company’s shares will be traded and quoted under the new name with effect from 9.00 a.m., Friday, 14 July 2017.

The Stock Short Name will be changed as follows:-

Old Name: SILK Holdings Berhad

New Name: Marine & General Berhad

Old Stock Short Name: SILK

New Stock Short Name : M&G

However, the Company's Stock Number remain unchanged.

Posted by tomjohor > 2017-07-12 18:02 | Report Abuse

Special dividend 10 sen and Interim dividend 5 sen ex on 24/07, pay on 23/08

Posted by Tan Cheng Poh > 2017-07-12 19:37 | Report Abuse

should changed to Sickhld

Posted by Xiao Mi > 2017-07-13 09:17 | Report Abuse

today going to fly?

Posted by qaz_y > 2017-07-13 09:24 | Report Abuse

so what should we do for DRP?

Posted by Keat Soon Ong > 2017-07-13 09:38 | Report Abuse

Can buy or not? All sigh pls advise.

Posted by huat888 > 2017-07-13 09:40 | Report Abuse

After Dividend ex-date announced, price tumble???

Posted by yoloisreal > 2017-07-13 09:42 | Report Abuse

typically sell on news

Posted by PakBrahim > 2017-07-13 09:54 | Report Abuse

All in.....La...

Posted by nasai > 2017-07-13 10:08 | Report Abuse

will price rally up before ex date?

Posted by huat888 > 2017-07-13 10:43 | Report Abuse

Good question??

Posted by qaz_y > 2017-07-13 11:04 | Report Abuse

i means we should fill up form for DRP or no need to do anything? it will direct transfer?

Posted by stockcode > 2017-07-14 16:21 | Report Abuse

hopeless

Posted by shidayea > 2017-07-14 16:27 | Report Abuse

If buy tdy entitles for dividen?

Posted by huat888 > 2017-07-14 16:58 | Report Abuse

exdate for 15sen dividend 24July. Option for dividend in cash or share fixed@32sen. Expected coming 2nd Qtr results v good coz disposal gain.

Posted by zoomsbooms > 2017-07-14 23:40 | Report Abuse

what is the meaning share fixed@32sen?

Posted by CharXiuBao > 2017-07-16 00:31 | Report Abuse

zoomsbooms means the dividend reinvestment plan gives stocks to current shareholder at fixed price of 32sen

Posted by huat888 > 2017-07-17 12:58 | Report Abuse

DRP form will be sent to shareholders after ex-date. Shareholders have the choice to either opt for Cash or Share @32sen. Share price at or below 47sen, adjusted price is 32sen or below, hence DRP target to fail.

Posted by qaz_y > 2017-07-18 17:59 | Report Abuse

So dividend divide fixed price = unit we get?

Posted by shidayea > 2017-07-20 11:59 | Report Abuse

Done.. bought already

Posted by centrio88 > 2017-07-20 15:10 | Report Abuse

When is ex date

Posted by alkursi > 2017-07-20 18:41 | Report Abuse

ex-date on 24/7/17 and pymt date on 23/8/17