SKP RESOURCES BHD

KLSE (MYR): SKPRES (7155)

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Last Price

0.98

Today's Change

-0.02 (2.00%)

Day's Change

0.975 - 1.00

Trading Volume

1,774,800


27 people like this.

10,790 comment(s). Last comment by Kucing Comey 4 hours ago

Lucas Chan

1,674 posts

Posted by Lucas Chan > 2014-10-04 19:29 | Report Abuse

Any tp?

FX Lee

5,194 posts

Posted by FX Lee > 2014-10-05 11:27 | Report Abuse

Thanks for sharing

tpchuayap

855 posts

Posted by tpchuayap > 2014-10-06 13:56 | Report Abuse

Happy investing

kensball

53 posts

Posted by kensball > 2014-10-06 16:35 | Report Abuse

EGM in December

SimonSezs

886 posts

Posted by SimonSezs > 2014-10-07 09:04 | Report Abuse

Go Go GO !!!

8524sa

41 posts

Posted by 8524sa > 2014-10-07 09:05 | Report Abuse

today,what will going on.....

tpchuayap

855 posts

Posted by tpchuayap > 2014-10-07 09:06 | Report Abuse

Huat arrrrrrrrrr Hapyy trading

Alvin Tan

59 posts

Posted by Alvin Tan > 2014-10-07 09:24 | Report Abuse

Basically price raised from before suspension, 0.595 to 0.695. Changed +0.10 x 900M shares = RM90M...

SimonSezs

886 posts

Posted by SimonSezs > 2014-10-07 09:35 | Report Abuse

@Alvin : So what are you trying to convey ?

Alvin Tan

59 posts

Posted by Alvin Tan > 2014-10-07 09:42 | Report Abuse

Nothing.... just express the figures that had appeared in my mind :)

SimonSezs

886 posts

Posted by SimonSezs > 2014-10-07 09:43 | Report Abuse

Ahh ok... I thought u were gonna derive a target price or something.. hehe.. :)

Alvin Tan

59 posts

Posted by Alvin Tan > 2014-10-07 09:50 | Report Abuse

Gan's family are the major shares holder in SKPRES. The acquisition or disposal are the criteria of company share price. I am thinking if the changes of company market value is over come the merger price (RM200M), what will be next?

tpchuayap

855 posts

Posted by tpchuayap > 2014-10-07 09:51 | Report Abuse

Hi Alvin, what will be the near term target price ? thanks

Alvin Tan

59 posts

Posted by Alvin Tan > 2014-10-07 09:53 | Report Abuse

No one knows bro... how long you are ready to hold?

tpchuayap

855 posts

Posted by tpchuayap > 2014-10-07 10:01 | Report Abuse

it depends on the potential, may be 3 to 6 months....

SimonSezs

886 posts

Posted by SimonSezs > 2014-10-07 10:02 | Report Abuse

I feel SKPRES got more room for upward movement.

Alvin Tan

59 posts

Posted by Alvin Tan > 2014-10-07 10:03 | Report Abuse

TA targeted RM1.10, RHB RM0.85. Average TP RM0.975

tpchuayap

855 posts

Posted by tpchuayap > 2014-10-07 10:06 | Report Abuse

thank for for sharing

Alvin Tan

59 posts

Posted by Alvin Tan > 2014-10-07 11:23 | Report Abuse

SKP Resources (SKP) will be buying the entire business of Tecnic Group for RM200m, to be satisfied with RM100m cash and the issuance of 172.4m new SKP shares at 58sen each. Upon receipt of the cash, Tecnic will distribute RM95m (RM2.35 per share) and the 172.4m shares (on the basis of 4.27 SKP shares for every 1 Tecnic share) to entitled shareholders. If the share price of SKP manages to hold at the current 69sen per share till the completion of this exercise, shareholders of Tecnic will be getting more than what they’re “giving up” as the 4.27 SKP shares will be worth RM2.94. In addition to the RM2.35 cash distribution, total receipts will be RM5.29 per share, higher than the pre-suspended share price of RM5.08 and the total disposal value of RM200m (or RM4.95 per share). Question is, are SKP share’s worth the current 69sen value? A back-of-the-envelope calculation would suggest so. The combined net profit of the two businesses should average about RM50-55m per annum. Earnings per share equates to about 5sen with the enlarged share base of SKP rising to 1.072bn, translating to a not-too-expensive price earnings ratio of 13.8x.

Source: PublicInvest Research - 3 Oct 2014

SimonSezs

886 posts

Posted by SimonSezs > 2014-10-07 15:06 | Report Abuse

what happen ? suddenly drop

dragonlim

412 posts

Posted by dragonlim > 2014-10-07 15:26 | Report Abuse

Hold tightly. Somebody tried to throw the price to create panic selling at lower possible price ..... Have seen this kind of tactics on IFCA & Tekseng before .......

dragonlim

412 posts

Posted by dragonlim > 2014-10-07 15:38 | Report Abuse

Price comes up again ....

SimonSezs

886 posts

Posted by SimonSezs > 2014-10-07 15:38 | Report Abuse

dragonlim, you're right. Someone caused a panic sell... hmmm

Alvin Tan

59 posts

Posted by Alvin Tan > 2014-10-08 08:38 | Report Abuse

http://www.bloomberg.com/markets/stocks/world-indexes/

majority World stock Indexes are showing reds. What will happen to KLSE today?

Alvin Tan

59 posts

Posted by Alvin Tan > 2014-10-08 10:55 | Report Abuse

Due to several issues, Increasing of Fuel Price, Malaysia GST implementation, 2015 Budget Report, plus Global indexes dropped, we can see the foreign trades and investors are withdrawing from the market. The KLSE till date has 800+ counters showing red, and I expect the major impact were on properties counters.

Is this a bearish trend? Do you have extra cash for this Mega Sales? Can SKPRES be 0.625 before Friday? Lets see!

aa111111

583 posts

Posted by aa111111 > 2014-10-08 11:21 | Report Abuse

Thanks dragon Lim for yr advice

aa111111

583 posts

Posted by aa111111 > 2014-10-08 11:24 | Report Abuse

Keep under the pillow this counter for quite sometime.

SimonSezs

886 posts

Posted by SimonSezs > 2014-10-08 15:47 | Report Abuse

start to fly lo....

Alvin Tan

59 posts

Posted by Alvin Tan > 2014-10-08 15:49 | Report Abuse

Rebound very fast :)

makubex718

161 posts

Posted by makubex718 > 2014-10-08 15:50 | Report Abuse

rebound ad...warrant run fast~

dragonlim

412 posts

Posted by dragonlim > 2014-10-08 16:43 | Report Abuse

Should close at 0.655 to 0.665 for mother & 0.245 or 0.250 for son ....

Posted by Matthew Law Thong Sheng > 2014-10-08 21:38 | Report Abuse

Skp 会再战明天

makubex718

161 posts

Posted by makubex718 > 2014-10-09 10:26 | Report Abuse

skpress-wa gonna hit rm0.29 today?

osw888

493 posts

Posted by osw888 > 2014-10-09 10:44 | Report Abuse

Cakap senang loh, mau naik ingat senang ka?

TTTT

15 posts

Posted by TTTT > 2014-10-09 11:47 | Report Abuse

Shd be able to take out 0.265 in the afternoon

PgCat

342 posts

Posted by PgCat > 2014-10-09 14:56 | Report Abuse

Mother vrooommm until 70+ soon

Posted by uchitech008 > 2014-10-09 15:28 | Report Abuse

patience is needed for those big winner.

aa111111

583 posts

Posted by aa111111 > 2014-10-09 21:39 | Report Abuse

Stay cool.no panic selling.buy and keep.

Posted by uchitech008 > 2014-10-10 10:53 | Report Abuse

yes, accumulating is the best strategy since it has good prospects.

Luckyguy

72 posts

Posted by Luckyguy > 2014-10-10 14:19 | Report Abuse

uchitech.. the announcement has been released. anymore good news ?

Posted by uchitech008 > 2014-10-10 15:02 | Report Abuse

I don't think dato gan will satisfy with current market value. It will try to reach 1 billion market value company after merger. So, patience is needed.

aa111111

583 posts

Posted by aa111111 > 2014-10-11 00:15 | Report Abuse

yes unhitech008

GorengAyam

146 posts

Posted by GorengAyam > 2014-10-12 11:14 | Report Abuse

Waiting to collect big Ang Pow by Chinese New Year......TP 1.00

aa111111

583 posts

Posted by aa111111 > 2014-10-12 19:38 | Report Abuse

maybe price tomorrow in the region 0.65 to 0.70

8524sa

41 posts

Posted by 8524sa > 2014-10-13 14:23 | Report Abuse

no moving...

Posted by Matthew Law Thong Sheng > 2014-10-13 15:05 | Report Abuse

Market drop ..skp not moving showing good sign la...semua drop left skpr stand steadily haha

dragonlim

412 posts

Posted by dragonlim > 2014-10-13 16:45 | Report Abuse

Hold tight & don panic selling, it is expected to raise up tomolo .....

Posted by uchitech008 > 2014-10-14 09:26 | Report Abuse

WA stays stronger.

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