you might get 20%, 30%, 100%, 200% or might be 300% profit.
But if you like... you can go for TMS now. It is risk low. Buy before 0.11 but if you lucky... you can get it around 0.10 or 0.105. From today situation, the price might go up to 0.15 for TMS.
SYF-WA also will explode soon! But for now TMS is a good looking also.
SYF RESOURCES BERHAD (364372-H) (Incorporated in Malaysia) CIRCULAR TO SHAREHOLDERS in relation to the PROPOSED AUTHORITY TO PURCHASE BY SYF RESOURCES BERHAD OF UP TO TEN PERCENT (10%) OF ITS OWN ISSUED AND PAID-UP SHARE CAPITAL (“PROPOSED SHARE BUY-BACK”) IN CONJUCTION WITH THE SPECIAL BUSINESS AT THE COMPANY’S SEVENTEENTH (“17TH”) ANNUAL GENERAL MEETING The Ordinary Resolution in respect of the Proposed Share Buy-Back will be tabled as special business at the Seventeenth (“17th”) Annual General Meeting (“AGM”) of SYF Resources Berhad (“SYF”) to be held at the Ballroom, Prescott Metro Inn, Wisma Metro Kajang, Jalan Semenyih, 43000 Kajang, Selangor Darul Ehsan on Wednesday, 23 January 2013 at 10.00 a.m. Shareholders are advised to refer to the Notice of the 17th AGM and the Form of Proxy which are included in the Company’s 2012 Annual Report dispatched together with this Circular to Shareholders. You are requested to complete the Form of Proxy and deposit it at the Registered Office of SYF at Level 18, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur not later than forty-eight (48) hours before the date and time of the 17th AGM. The lodging of the Form of Proxy will not preclude you from attending and voting in person at the meeting should you subsequently wish to do so. 17th AGM : Wednesday, 23 January 2013 at 10.00 a.m. Last date and time for lodging the Form of Proxy : Monday, 21 January 2013 at 10.00 a.m. This Circular is dated 31 December 2012 THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the course of action to be taken, you should consult your stockbroker, bank manager, solicitor, accountant or other professional adviser immediately. Bursa Malaysia Securities Berhad (“Bursa Securities”) has not perused the information relating to the Share Buy-Back Statements in this Circular to Shareholders prior to its issuance as it is an exempt document. Bursa Securities takes no responsibility for the contents of this Circular, makes no representation as to its accuracy or completeness, and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Circular. Day and time of the Wednesday, 23 January 2013 at 10.00 a.m.
PROPOSED SHARE BUY-BACK 2.1 Details of the Proposed Share Buy-Back The Board proposes to seek shareholders’ approval from the shareholders of SYF for the Company to purchase up to ten percent (10%) of its prevailing issued and paid-up ordinary share capital at any time through its appointed stockbroker. The Proposed Share Buy-Back, once approved by the shareholders of the Company, shall be effective from the date of the passing of the ordinary resolution pertaining to the Proposed Share Buy-Bank at the forthcoming 17th AGM and shall remain in force until:- (a) the conclusion of the Eighteen Annual General Meeting following the forthcoming 17th AGM at which time it shall lapse unless by ordinary resolution passed at that meeting, the authority is renewed, either unconditionally or subject to conditions; or (b) the expiration of the period within which the next annual general meeting after that date is required is required by law to be held; or (c) the authority is revoked or varied by ordinary resolution passed by the shareholders of SYF in a general meeting; Whichever occurs first. 2.2 Quantum The maximum number of ordinary shares which may be purchased by the Company shall not exceed ten percent (10%) of the issued and paid-up ordinary share capital of the Company. Assuming that none of the SYF Warrants and ESOS are exercised into new SYF Shares, SYF can purchase up to 27,242,310 SYF Shares representing approximately ten percent (10%) of the issued and paid-up share capital of SYF of RM68,105,776.50 divided into 272,423,106 ordinary shares of RM0.25 each as at LPD. However, in the event that all the SYF Warrants and ESOS are exercised into SYF Shares, the issued and paid-up share capital of SYF will increase to RM80,333,169.25 divided into 321,332,677 ordinary shares of RM0.25 each. Consequently, the maximum number of SYF Shares which the Company may purchase is 32,133,267. Nevertheless, the actual number of ordinary shares in SYF to be purchased by the Company pursuant to the Proposed Share Buy-Bank, the total amount of funds involved for each purchase and the timing of the purchase(s) will depend on inter-alia, the market conditions and sentiments of the stock market as well as the availability of financial resources of the Company and the availability of the retained profits reserve or the share premium reserve of the Company. SYF will ensure that the purchase of its own Shares will not result in the Company’s public shareholding spread falling below the minimum public shareholding spread of twenty-five percent (25%) of its issued and paid-up share capital. 2.3 Funding The Proposed Share Buy-Back will be funded from internally generated funds and/or bank borrowings or a combination of both. At present, the Board has not determined the proportion of internally generated funds of SYF Group and external borrowings to be utilised for the Proposed Share Buy-Back. The proportion to be utilised will only be determined at the time of purchase(s), actual number of SYF Shares to be purchased, the price of SYF Shares and other cost factors. - 7 - In the event that borrowings are used for the Proposed Share Buy-Back, the amount of borrowings will depend on the amount of SYF Shares to be purchased by the Company and the appropriate borrowing capacity of the Company. The Company’s net cash flow may be affected to the extent of the interest costs associated with any borrowings. The Board will ensure that the Company is able to meet the repayment of such borrowings, if any. The maximum amount allocated for such transactions shall not exceed the aggregate balance standing in the retained profits and/or share premium accounts of the Company. Based on the latest audited financial statements of the Company as at 31 July 2012, the Company’s retained profits and share premium accounts amounted to RM18,754,000 and RM15,374,000 respectively. 2.4 Implication of the Code There is no implication arising from the provision of the Code to the Company if the Proposed Share Buy-Back is carried out in full
High Risk...:( Hope will fly lah, since its was called BUY BUY BUY by Stock Guru MY and strongly recommended by Kingstock..lets hope best for coming Tuesday!
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Posted by kingstock > 2013-01-25 11:39 | Report Abuse
you might get 20%, 30%, 100%, 200% or might be 300% profit.
But if you like... you can go for TMS now. It is risk low. Buy before 0.11 but if you lucky... you can get it around 0.10 or 0.105. From today situation, the price might go up to 0.15 for TMS.
SYF-WA also will explode soon! But for now TMS is a good looking also.