SYF RESOURCES BHD

KLSE (MYR): SYF (7082)

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Last Price

0.24

Today's Change

0.00 (0.00%)

Day's Change

0.235 - 0.24

Trading Volume

477,000


6 people like this.

3,117 comment(s). Last comment by Believe3222 1 week ago

mhanaS

213 posts

Posted by mhanaS > 2021-10-12 22:32 | Report Abuse

The dividend and capital repayment proposal is 18sen. The new share issue is 14sen. Add the two together and you wonder why would anyone sell at 31½sen or below?
Add in the rights issue as well as potential upside that the new business brings, one could sum up that collecting the counter now seems like a no-brainer.

stockraider

29,922 posts

Posted by stockraider > 2021-10-13 08:22 | Report Abuse

Go for it!

A potential corporate Play mah!

mhanaS

213 posts

Posted by mhanaS > 2021-10-13 18:05 | Report Abuse

Looks good. Tomorrow seems promising by the look of things today.

firehawk

4,360 posts

Posted by firehawk > 2021-10-14 09:55 | Report Abuse

After the special dividend and capital repayment, total 18 sen .... market price must be higher than 14sen, otherwise people can buy from the market rather than subscribe the RI !!

TheContrarian

7,337 posts

Posted by TheContrarian > 2021-10-14 21:34 | Report Abuse

32.5 sen - 18 sen = 14.5 sen effective cost.

mhanaS

213 posts

Posted by mhanaS > 2021-10-21 17:41 | Report Abuse

32sen. Perfect.

firehawk

4,360 posts

Posted by firehawk > 2021-10-25 10:49 | Report Abuse

why he purposely makes the vol high high?

mhanaS

213 posts

Posted by mhanaS > 2021-10-26 08:09 | Report Abuse

Are the IBs trying to short SYF??

charlie chia

1,951 posts

Posted by charlie chia > 2021-10-27 22:43 | Report Abuse

Being stabled around 32-33 Cts
Time to go in before rebound

Posted by Rich_Trader > 2021-10-27 22:48 |

Post removed.Why?

CIO888

19 posts

Posted by CIO888 > 2021-10-27 22:55 |

Post removed.Why?

mhanaS

213 posts

Posted by mhanaS > 2021-11-01 22:42 | Report Abuse

Well, 31½ seems to be the realistic price, so I'd just hodl

charlie chia

1,951 posts

Posted by charlie chia > 2021-11-01 23:13 | Report Abuse

Yes good price to collect it

thesteward

6,533 posts

Posted by thesteward > 2021-11-03 10:46 | Report Abuse

:-( believe many retailers sangkut at 44-32 . Hope can rebound soon

Bettyem

601 posts

Posted by Bettyem > 2021-11-07 09:34 | Report Abuse

不急于购买,只是尚未获得有关部门批准的提案?

charlie chia

1,951 posts

Posted by charlie chia > 2021-11-07 10:54 | Report Abuse

Waiting now is the East wind to blow up

thesteward

6,533 posts

Posted by thesteward > 2021-11-08 11:22 | Report Abuse

Must not break 27.5 if break 27.5 many retailers might cut

Bettyem

601 posts

Posted by Bettyem > 2021-11-08 11:42 | Report Abuse

许多人在孵化前数鸡蛋……如果提案未获批准怎么办?

thesteward

6,533 posts

Posted by thesteward > 2021-11-09 20:25 | Report Abuse

Many retailers thot 31.5/32 Low enough but :-(

mhanaS

213 posts

Posted by mhanaS > 2021-11-15 18:36 | Report Abuse

Well the assumption on the initial calculations was as such.

taitaumau

249 posts

Posted by taitaumau > 2021-11-19 06:07 | Report Abuse

I wonder whether valuation of RI at 0.14 is 2 high?

Risk Trader

3,841 posts

Posted by Risk Trader > 2021-11-22 22:50 | Report Abuse

Slowly down to 20 cent and below...

thesteward

6,533 posts

Posted by thesteward > 2021-11-24 10:55 | Report Abuse

Ya seems like you could be right .
Many retailers stuck between 44 sen to 30 sen . Many thot 32/30 was low enough di.

thesteward

6,533 posts

Posted by thesteward > 2021-11-27 09:35 | Report Abuse

Gosh I just realised last year July august syf only 13 sen gosh gai

thesteward

6,533 posts

Posted by thesteward > 2021-11-29 11:05 | Report Abuse

Pls lo don’t break lo 27.5

TheContrarian

7,337 posts

Posted by TheContrarian > 2021-12-01 19:34 | Report Abuse

18 sen special dividend/capital repayment to be undertaken prior to rights issue.

Risk Trader

3,841 posts

Posted by Risk Trader > 2021-12-16 23:50 | Report Abuse

Wow...very bad QR, tomorrow sure will sell down again to below 20 cent

mf

26,290 posts

Posted by mf > 2021-12-20 08:34 | Report Abuse

Dow Jones 35,365.441 -532.20 1.48%
Nasdaq 15,169.68 -10.753 0.07%

TheContrarian

7,337 posts

Posted by TheContrarian > 2022-01-20 21:50 | Report Abuse

Bought at 29.5 sen today.

Posted by risktoreward > 2022-01-21 16:03 | Report Abuse

Actually SYF at this price is about right.
New NOSH is 2.1/2.2 billion, 11.5 cents after capital repayment means valuing MnA at circa 250mil

TheContrarian

7,337 posts

Posted by TheContrarian > 2022-02-14 15:06 | Report Abuse

18 sen special dividend/capital repayment.

Lpc1225

48 posts

Posted by Lpc1225 > 2022-02-14 15:52 | Report Abuse

Has the date been announced?

TheContrarian

7,337 posts

Posted by TheContrarian > 2022-02-14 16:34 | Report Abuse

Not yet, EGM yet to convene.

TheContrarian

7,337 posts

Posted by TheContrarian > 2022-03-15 11:21 | Report Abuse

Bought at 28.5 sen today.

TheContrarian

7,337 posts

Posted by TheContrarian > 2022-04-06 09:49 | Report Abuse

Go, go, go SYF.

charlie chia

1,951 posts

Posted by charlie chia > 2022-04-06 10:39 | Report Abuse

Already long neck
Fast faster move

TheContrarian

7,337 posts

Posted by TheContrarian > 2022-04-07 10:23 | Report Abuse

Go, go, go long neck SYF.

TheContrarian

7,337 posts

Posted by TheContrarian > 2022-04-07 12:27 | Report Abuse

Take some profit at 33.5 sen.

TheContrarian

7,337 posts

Posted by TheContrarian > 2022-05-12 18:49 | Report Abuse

Bought at 29.5 sen today.

firehawk

4,360 posts

Posted by firehawk > 1 month ago | Report Abuse

dragging too long .... some people cut loss @0.26

firehawk

4,360 posts

Posted by firehawk > 1 month ago | Report Abuse

margin call? even @0.25

firehawk

4,360 posts

Posted by firehawk > 1 month ago | Report Abuse

From Q3 report,
In conjunction with the amendments/variations to the SSPA, the Board had on 2 December 2021 also announced that the Company proposes to distribute: -
RM0.07 per SYF Share on an entitlement date to be determined and announced at a later date immediately after the completion of the Proposed Disposal of Furniture Business.
The said distribution of RM0.07 per SYF Share or RM39,821,111 in total (calculated based on 568,873,012 existing SYF Shares (excluding treasury shares)) will be undertaken by way of a special dividend or capital repayment or a combination of both and funded from the proceeds of the Proposed Disposal of Furniture Business; and The Proposed Acquisition, Proposed Rights Issue, Proposed Restricted Issue, Proposed Exemption and Proposed Change of Name are conditional upon the completion of the Proposed Disposals. The Proposed Special Dividend and/or Capital Repayment including the Proposed Special Dividend and/or Capital Repayment 2 is conditional upon the completion of the Proposed Disposal of Furniture Business, and again, upon the completion of Proposed Disposal of Freehold Land, but it is not conditional upon the Proposed Acquisition, Proposed Rights Issue, Proposed Restricted Issue, Proposed Exemption and Proposed Change of Name.

The remaining RM0.11 per SYF Share on an entitlement date to be determined and announced at a later date after the completion of the Proposed Disposal of Freehold Land.
The said distribution of RM0.11 per SYF Share or RM62,576,031 in total (calculated based on 568,873,012 existing SYF Shares (excluding treasury shares)) will be undertaken by way of a special dividend or capital repayment or a combination of both and funded from the proceeds of the Proposed Disposal of Freehold Land and internal generated funds of SYF (“Proposed Special Dividend and/or Capital Repayment 2”).

TheContrarian

7,337 posts

Posted by TheContrarian > 1 month ago | Report Abuse

Bought at 26 sen.

firehawk

4,360 posts

Posted by firehawk > 1 month ago | Report Abuse

Pursuant to the SSPA dated 6 October 2021 and the Supplemental SSPA dated 2 December 2021 entered into between the Company and Insas, the Conditions Precedent shall be satisfied within nine (9) months commencing from the date of the SSPA, i.e. 5 July 2022. On behalf of the Board, Malacca Securities wishes to announce that the Company and Insas had on 1 July 2022, mutually agreed to extend the Conditional Period by an additional six (6) months to a period no later than 4 January 2023 to fulfill the Conditions Precedent

Mr Thong will not let u to earn so easy ..... ;-)

TheContrarian

7,337 posts

Posted by TheContrarian > 4 weeks ago | Report Abuse

Bought at 24.5 sen.

firehawk

4,360 posts

Posted by firehawk > 2 weeks ago | Report Abuse

23.5 !!!

firehawk

4,360 posts

Posted by firehawk > 2 weeks ago | Report Abuse

besides the timeline extension .... hope he won;t alter other terms of the proposal ........

Posted by Believe3222 > 1 week ago | Report Abuse

sampah

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