i am still wondering where the news of 51% stake of Shah's coming from! earlier, i thought it was The Edge, but the above article as posted by chew states otherwise!
When I read today article , I hv a feeling that this article is to tell most us to sell n he will absorb from the Market .he has lost in the warrant battle, where else he want to buy ?it's just my thinking as a beginner . The yesterday story is difference , Shah is try to bring up the price so that his potential enermy will not get cheap price from the Market ..but one thing for sure, they all can see the VALUE of this company .. Pathew, I'm not tunjuk pandai , but I hope u can correct me if I'm wrong. Rocket sincerely ask for advice :)
@passerby *faints* @rocket well those are plausible theories. GO was from KC loh, i was trying to make sense out of it. My question is still where is the 20% of the allies from? Sound like some ghost voters that Shah brought in to shore up 51% support! LOL
but according to my friends working in the Star, actually the number of readership actually fell and business no good. So that was the perception built! but for the management to come out and put things straight, that is admirable before the rot starts!
Jumbo give time to Baboon KC to recover.....this type of love get hard ball stomping...but this alpha baboon keep asking for more and more....Jumbo give....all red on the bum bum but still asking......very horny this alpha male
From now till EGM or AGM, Shah Hakim hv the majority voting rights to include IJM into scomi as majorshareholder. If Abu Sahid still interested with Scomi, then he needs to buy more shares from other shareholders and nominees. Previously,he bought shares at 40sens/share. So there you will get another benchmark. And if others taking advantage of this, the price will soar.
If Abu Sahid got it, then I'm not sure about the future of scomi, but all I know, IJM won't come in and scomi will still be in debt.
If IJM is onboard, IJM will be majorshareholder, more capital injection into Scomi and IJM will take their debts.
For now,better take the advantage of the internal wars in scomi,fundamentally, the monorail business and the drilling mud supply is a gem!!!
problem is, the award for marginal oilfields can go to another bidder just as easily out of spite from Dr M. and yes, a retreat by IJM will hurt scomi holders deeply! Abu doesn't have a problem with IJM coming in, as he said before! he declared before he is a passive investor! I do see Shah win the votes, but like said before, the cancer cells are not removed yet! this has to be dealt with eventually!
i cannot talk further as this will hurt scomi's price! you guys got to find out for yourself.
can be beneficial if you think outside the box! just sell them to tigers in zoo as fresh meat! its good money also! what la you, Mr Consultant! ish ish......
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 792 views | 5 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
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....
pathew
2,028 posts
Posted by pathew > 2013-01-03 13:28 | Report Abuse
nice article djhchew... but based on that article, doesn't Shah and Co only own 12 + 10 + 9 = 31%?
where's the other 20% of the 'allies' from?
@rocket, i think i have just given the answer :)