Posted by MichelleNg > 2021-10-06 22:37 | Report Abuse

Limit up??? Become elephant penny company. Tomorrow limit down just nice 14cents.

Posted by followKing > 2021-10-06 22:59 | Report Abuse

inject a profit company into a losing company shd be good

Posted by waorangsiam > 2021-10-06 23:43 | Report Abuse

nampak macam: tidak adil kepada pemegang saham syf.. paling manfaat ialah insas dan mieco. insas subscribe pada harga 14 sen, murah. syf segment furniture jual pada harga 50 million, sangat murah. insas dan mieco untung, syf rugi

Posted by followKing > 2021-10-06 23:49 | Report Abuse

https://www.facebook.com/visioninvest88/videos/155341283466759

watch this if you dont understand the whole exercise (Chinese)

Posted by krish52 > 2021-10-06 23:49 | Report Abuse

a lop sided deal in making.

Posted by kendului > 2021-10-07 00:08 | Report Abuse

SyF how much can go up tomorrow open market

Posted by Dhanuja1 > 2021-10-07 07:16 | Report Abuse

$SYF / 7082 (SYF RESOURCES BERHAD) $INSAS / 3379 (INSAS BERHAD) $M&A Securities Sdn Bhd

What is happening in these 3 companies ?

Story Breakdown.

1. M&A Securities Sdn Bhd is a brokerage firm, a wholly-owned subsidiary of INSAS.

2. INSAS is a substantial shareholder in SYF with 8.8% stake currently.

3. INSAS to inject M&A into SYF for a blackdoor listing on Main Marker for M&A via SYF. This listing is important for M&A Group to raise its own equity and debt funding requirement through capital market which is separated from INSAS, as well as to expand its customer base, retain and attract new employees from financial services industry.

4. INSAS will dispose 100% stake in M&A and buy into SYF.

5. M&A Securities Sdn Bhd will then change name to M&A Capital Bhd.

6. INSAS stake in SYF will increase from current 8.8% to 75.9% which emerge as new controlling shareholder in SYF.

7. By doing this, INSAS will transform SYF into financial services group from current furniture manufacturing business.

8. SYF will then dispose its rubberwood furniture manufacturing arm and two parcels of land for RM71.2mil cash.

9. SYF will undertake a special dividend 7sen and capital repayment 11sen, total of 18sen special dividend cum capital repayment to its shareholder, entitlement date to be determined later.

10. SYF net asset value per share will be 15sen after the proposed disposal and special dividend cum capital repayment.

11. Lastly, SYF proposed 1-to-2 right issues at 14sen/shares to raise RM39.8mil.

Hope this breakdone can help readers to digest and for investors who looked into SYF furniture manufacturing business, time to study again their new business.

Posted by NorthernStar > 2021-10-07 08:40 | Report Abuse

sure limit up

Posted by NorthernStar > 2021-10-07 08:42 | Report Abuse

syf or in future m

Posted by 周 海 > 2021-10-07 08:49 | Report Abuse

Giving up furniture? What a 25 son.

Posted by NorthernStar > 2021-10-07 09:05 | Report Abuse

gap down n putback. interesting. wait n see.

Posted by 周 海 > 2021-10-07 09:07 | Report Abuse

See if investors are rewarding a company that is putting up white flag. If it does, this is truly Malaysia.

Posted by kokchengkai > 2021-10-07 09:07 | Report Abuse

Insas boss ? manyak susah la

Posted by yleng83 > 2021-10-07 09:09 | Report Abuse

going down

Posted by NorthernStar > 2021-10-07 09:15 | Report Abuse

syf try to normalised to the news n adjusting down due to right issue for cash from shareholders.

Posted by NorthernStar > 2021-10-07 09:35 | Report Abuse

syf didn't break below 0.33. good n monitor.

Posted by mystery > 2021-10-07 09:39 | Report Abuse

no wonder a lot ppl selling at 0.42-0.44 that day

Posted by Dhanuja1 > 2021-10-07 10:07 | Report Abuse

Don’t get panic

Posted by Dhanuja1 > 2021-10-07 10:07 | Report Abuse

Just wait and see

Posted by Jenny > 2021-10-07 10:52 | Report Abuse

老板用14sen来收购，你买在40sen 以上。

你觉得自己赚吗？觉得有赚就买吧。

我是觉得笨笨啦

Posted by NorthernStar > 2021-10-07 11:13 | Report Abuse

right n agree.

Posted by kasinathan > 2021-10-07 11:22 | Report Abuse

Major shareholder would emerge as big winner while minority shareholders have got shit to eat

Posted by NorthernStar > 2021-10-07 11:39 | Report Abuse

major shareholder might have sell earlier n waiting to buy it lower.

Posted by stockraider > 2021-10-07 11:41 | Report Abuse

Syf is the proxy to mna now...!

Posted by followKing > 2021-10-07 12:38 | Report Abuse

all naik kereta ....

Posted by charlie chia > 2021-10-07 12:46 | Report Abuse

They value SYF at 15 Cts after capital repayment of 11 Cts and dividend of 7 Cts
Then right issue 1for 2 at 14 Cts
Anything below 32 Cts is a good buy
Just my thought only

Posted by stockraider > 2021-10-07 13:40 | Report Abuse

SYF Yeah fair value 33 sen loh!

Posted by Dkk08 > 2021-10-07 14:13 | Report Abuse

another testimony.. never never trust and touch stkbrk ctrs

Posted by ipohwhitecoffee > 2021-10-07 14:17 | Report Abuse

All kena game & naik kereta lol. Luckily nvr tempted to buy.

Posted by 周 海 > 2021-10-07 14:17 | Report Abuse

I more want to eat a fruitcake now.

Posted by 周 海 > 2021-10-07 14:18 | Report Abuse

and drink Ipoh white coffee with fruitcake.

Posted by Tiff > 2021-10-07 14:20 | Report Abuse

Dilemma, sell or hold?

Posted by Citadel666 > 2021-10-07 15:02 | Report Abuse

byebye

Posted by Pcmont123 > 2021-10-07 16:49 | Report Abuse

palindao lah this time master fengshui sent you all to holland island!

Posted by budakbaiklah > 2021-10-07 17:55 | Report Abuse

its only need 1 day to vanish 4 month rally

Posted by firehawk > 2021-10-07 18:11 | Report Abuse

effort of tkk

Posted by oskchoon > 2021-10-07 18:47 | Report Abuse

Insas paying 14 sens and ppl paying 34 sens, so the winner is...

Posted by 周 海 > 2021-10-07 18:53 | Report Abuse

Then buy Insas to get the 14 cents offer?

Posted by Solomon7 > 2021-10-07 20:40 | Report Abuse

What if another party put a price tag of 40 or 50 cents on for MGO?

Posted by mhanaS > 2021-10-08 07:55 | Report Abuse

The proposal still needs to go through the authorities. In the meantime, opportunistic investors could swoop in and hodl the shares to squeeze for a better offer, could they not?

Posted by TheContrarian > 2021-10-08 12:23 | Report Abuse

Bought first time at 34.5 sen.

Posted by stockraider > 2021-10-08 13:23 | Report Abuse

Only buy when below 30 sen lah!

Posted by Pcmont123 > 2021-10-08 13:41 | Report Abuse

only buy at 18 sens!

Posted by Winner_Master > 2021-10-08 13:43 | Report Abuse

Referred this morning volume kept on bought at 0.345. Probably the stock price can hit 0.36 closing. Wait and see.

Posted by david123 > 2021-10-08 14:15 | Report Abuse

0.38 is more likely

Posted by wcc636588 > 2021-10-08 14:18 | Report Abuse

0.42 will be bonus to SYF shareholders…Go Go Go SYF

Posted by wcc636588 > 2021-10-08 14:20 | Report Abuse

Let’s hv confidence with Ah Chai kor and Insas tai kor with this proposed exercise. Huat Ah

Posted by peter Too > 2021-10-08 14:52 | Report Abuse

Covid19 Will kill your family........

Posted by firehawk > 2021-10-08 16:32 | Report Abuse

Copy from pg.58 of the proposal, M & A Securities financial results for the past 4 years.
Looked like more stable than the SYF existing business (which occasionally reports loss)
(Copy from pdf file, alignment not easy be done, read accordingly (vertical block).

FYE 30 June 2018(RM’000)
FYE 30 June 2019
FYE 30 June 2020
FYE 30 June 2021

Revenue
32,162
26,314
36,978
68,906

PBT
10,042
8,818
12,814
24,825

PAT
7,231
6,618
9,217
18,813

No. of shares in issue
100,000

Basic EPS (sen)
7.23
6.62
9.22
18.81

Posted by Lpc1225 > 2021-10-08 18:41 | Report Abuse

For every two syf shares you are entitled to apply for 1 M&A share at 14c,this will bring your
cost of 16.5c even lower.