NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) SKP RESOURCES BERHAD (SKP OR THE COMPANY) (I) PROPOSED BONUS ISSUE; AND (II) PROPOSED FREE WARRANTS ISSUE You are advised to read the full contents of the announcement or attachment at http://www.bursamalaysia.com.
ahahhhhaahhhaha.....just dug up my old diary....and found i have some stock left ..bought at 17cts....4 yrs ago.......what shall i do .....sell or wait..
Submitting Merchant Bank : OSK INVESTMENT BANK BERHAD Company Name : SKP RESOURCES BHD Stock Name : SKPRES Date Announced : 09/05/2012
Type : Announcement Subject :
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) COMBINATION OF NEW ISSUE OF SECURITIES
Description :
SKP RESOURCES BERHAD (“SKP” OR THE “COMPANY”)
PROPOSED BONUS ISSUE; AND PROPOSED FREE WARRANTS ISSUE
(COLLECTIVELY, THE “PROPOSALS”)
Announcement Details/Table Section :
The terms used herein has the same meaning as those defined in the announcement made on 19 March 2012.
We refer to our announcements made on 19 March 2012 and 20 April 2012 in relation to the Proposals.
On behalf of the Board of Directors of SKP, OSK Investment Bank Berhad (“OSK”) is pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 8 May 2012, resolved to approve the listing application for the Bonus Shares and Free Warrants to be issued as well as the new SKP Shares to be issued arising from the exercise of the Free Warrants. The approval of Bursa Securities is subject to the following conditions:
SKP and OSK must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”) pertaining to the implementation of the Proposals; SKP and OSK to inform Bursa Securities upon the completion of the Proposals; SKP to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposals are completed; SKP and OSK are required to make the relevant announcements pursuant to Paragraph 6.35(2)(a), 6.35(2)(b) and 6.35(4) of the Listing Requirements; Payment of additional listing fees pertaining to the exercise of Free Warrants. In this respect, SKP is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Free Warrants as at the end of each quarter together with a detailed computation of listing fees payable; and SKP is required to furnish Bursa Securities with the following: A certified true copy of the resolutions passed by the shareholders approving the Proposed Bonus Issue and Proposed Free Warrants Issue; and A copy of the approval letter from Bank Negara Malaysia.
We refer to our announcements made on 19 March 2012, 20 April 2012, 9 May 2012, 16 May 2012 and 28 May 2012 in relation to the Proposals.
On behalf of the Board of Directors of SKP, OSK Investment Bank Berhad wishes to announce that SKP had on 1 June 2012 fixed the exercise price of the Free Warrants to be issued under the following step-up mechanism:
(i) upon issuance of the Free Warrants up to (but excluding) the second anniversary of the issue date – RM0.45 per SKP Share, which represents a premium of approximately 29.68% to the theoretical ex-bonus price (computed based on the five (5)-day weighted average market price of SKP Shares up to and including 31 May 2012) of RM0.3470 per SKP Share (“Theoretical Ex-Bonus Price”). (ii) exercise at any time on and from the second anniversary of the issue date up to (but excluding) the fourth anniversary date – RM0.55 per SKP Share, which represents a premium of approximately 58.50% over the Theoretical Ex-Bonus Price.
(iii) exercise at any time on and from the fourth anniversary of the issue date up to the maturity date of the Free Warrants – RM0.65 per SKP Share, which represents a premium of approximately 87.32% over the Theoretical Ex-Bonus Price.
after right issue,,price adjusted..now 0.345..STO tf60 oversold..if price break 0.355 watch out this counter next week..if price go 0.355 TA look like:Sto golden cross form oversold >Buy signal, MACD golden cross,RSI above >50,MO above >100..shorterm target 0.425..and gud coming news...buy at your own risk..
Translated by Google from bro Vincent Wong above...
Three factors contribute to SKP Resources Bhd or privatization Finance, August 3, 2012
KUALA LUMPUR (AP) based on SKP Resources Bhd(SKPRES, 7155, the motherboard industry shares) strong financial position, good earnings prospects, as well as its current share price is undervalued, Pacific Securities analysts believe that if the stock fails to reflect its growth in the future prospects, shareholders, or will be considered for privatization.
Far this year, the SKP Resources Bhd stock prices outperform the market and has 89% of the returns, including dividends, including Meanwhile, the company was selected as the Asian Forbes 200 large enterprises (below market capitalization of USD 1,000,000,000).
Since the recent stock to maintain its high share price, but up to securities analysts said that if the stock can not reflect the future prospects for earnings growth, SKP Resources Bhd shareholders or will be considered for privatization.
The analysts said the company has strong cash flow, and maintain a healthy level of zero borrowing. As of March this year, SKP Resources Bhd has RM 61.9 million, or equal to 6.9 cents per share in cash.
In other words, the analyst pointed out that, even if the future need for funds for business expansion, the company is able to raise funds through bank loans, without the need to raise capital from the stock market.
The second factor is the company's strong earnings growth prospects. Analysts said that, along with it's Dyson vacuum cleaner orders, the order of their turnover to make the contribution of the average RM 20 million Annually.
Undervalued
In addition to boost its turnover and profit growth, to ensure that the company's production capacity of close to 100% of the overall level. The analysts believe that if under reasonable cost and yet SKP Resources Bhd still able to maintain the quality of its products, there will be an endless supply of Dyson's orders.
In addition, more importantly, the current share price of SKP Resources Bhd is still underestimated by the market. Even if the stock price has risen to RM 0.34, but still a low PE ratio of 6.3 times the transaction.
It is noteworthy that, to produce strong earnings growth of more than 20% of the company since the first quarter of fiscal year 2012. 50% of its dividend policy, but also allowed the dividend rate in the 7-8% of the attractive level.
Therefore, the above three factors, analysts believe, the largest shareholder of Yan's family have good reason to be privatized. Coupled with the Yan family already holds about 73% of the SKP Resources Bhd equity, to be privatized, the funds will not face the problem.
Assume that the offer price of RM 0.41 per share, and each voucher is a fairy, the privatization of the cost of RM100 million, and after the completion of privatization, and full access to the SKP Resources Bhd of RM 61.9 million cash.
These factors, analysts maintain SKP Resources Bhd "buy" rating, the reasonable price at RM 0.54.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
mamafarah
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Posted by mamafarah > 2012-03-19 16:05 | Report Abuse
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