Posted by Papayashot > 2022-01-11 17:46 | Report Abuse

how u know brothers fight each other?

Posted by Hungerr > 2022-01-11 17:59 | Report Abuse

@ vcpmaster123 be careful of what you spit out of ur mouth.the Lee family can ask MCMC to trace ur IP and sue you for defamation .This is a warning

Posted by Brutus > 2022-01-11 23:12 | Report Abuse

Hmmm....time to add my position in SCGM. Patience paying off.

Posted by Myeye > 2022-01-12 16:26 | Report Abuse

~.~

Posted by nickcome508 > 2022-01-13 19:47 | Report Abuse

Always got toxic people ard...

Posted by Oretama > 2022-01-14 15:08 | Report Abuse

1.75 coming soon

Posted by vcpmaster123 > 2022-01-14 17:49 | Report Abuse

看来兄弟间的争吵越来越越激烈。

Posted by Iamnotasifu > 2022-01-15 14:19 | Report Abuse

brothers fighting, share price going to drop below 2?

Posted by c2k9791 > 2022-01-15 23:01 | Report Abuse

Add Oil
https://www.thestar.com.my/business/business-news/2022/01/15/scgm-faces-challenges-amid-strong-sales#cxrecs_s

Posted by Iamnotasifu > 2022-01-21 11:35 | Report Abuse

road to rm1.5?

Posted by vcpmaster123 > 2022-01-25 10:04 | Report Abuse

兄弟间应该以和为贵。。为何要打架

Posted by Brutus > 2022-01-25 10:15 | Report Abuse

Patiently waiting to add more position. Very near my target price already.

Posted by Myeye > 2022-01-25 14:26 | Report Abuse

~.~ small fish support a bit
+1.99 ~.~

Posted by vcpmaster123 > 2022-01-31 18:04 | Report Abuse

家族内讧什么时候结束。。。。。

Posted by c2k9791 > 2022-02-03 12:00 | Report Abuse

家族纠纷每个家族企业都会发生，公司没变质就不是问题

Posted by Starisborn > 2022-02-17 14:09 | Report Abuse

A very well managed company who delivers great results and pays good dividends even during these pandemic era.

Well done to the Management.....and keep it up your good works.

It's a real gem that will reveal its true valuation once the investing public especially Fund Managers spotted this gem!

Start accumulating before it is too late!

Posted by calvintaneng > 2022-02-17 14:11 | Report Abuse

this one feedstock cost will be its undoing as brent oil now very high will impact its earnings

just be very careful

Posted by EatCoconutCanWin > 2022-03-10 12:30 | Report Abuse

QR still far away, don't simply predict bad. Just invest n hold for long term. Took div,

Posted by lching > 2022-03-14 12:08 | Report Abuse

i think QR will be announced end of this month, only 2 weeks ahead.

Posted by lching > 2022-04-18 09:55 | Report Abuse

what happened?

Posted by warrenG > 2022-04-18 10:36 | Report Abuse

nothing happened, just usual bursa casino day open.

Posted by Dontbullshit > 2022-05-08 22:21 | Report Abuse

Go go go

Posted by Iamnotasifu > 2022-05-09 09:10 | Report Abuse

lai lai announcement

Posted by lching > 2022-05-09 16:23 | Report Abuse

any good news?

Posted by All_in_2021 > 2022-05-09 17:49 | Report Abuse

sold off the business! close shop?

Posted by terence775 > 2022-05-09 18:08 | Report Abuse

RM 545 mil = approximately RM 2.8 per share. What a great deal!

Posted by All_in_2021 > 2022-05-09 18:29 | Report Abuse

i think i read they are distributing as dividend rm2.21

Posted by All_in_2021 > 2022-05-09 18:39 | Report Abuse

PROPOSED DISTRIBUTION
For illustration purposes only, the respective amounts to be distributed under the Proposed
Distribution are illustrated in the table below:
Cash distribution
amount per share
(RM)
Entitled shareholders
(RM)
Proposed Capital Reduction and
Repayment
0.36 69,321,975
Proposed Special Dividend (defined
hereinafter)
(1)1.85
(1)356,237,926
Total 2.21 425,559,901

Posted by azmie67 > 2022-05-09 21:57 | Report Abuse

Hopefully price will go north substantially. So what will happen after this special distribution date? Looks like SCGM will be without its breadwinner soon pending its future plan. RM2.21 is below my breakeven point.

Posted by firehawk > 2022-05-10 10:48 | Report Abuse

After Capital Reduction/ Repayment and Special Dividend, NTA = 53sen !!

Posted by amateurJR > 2022-05-10 12:02 | Report Abuse

Haha japanese bought its core biz to sell condom is it

Posted by thesteward > 2022-05-10 12:03 | Report Abuse

Hopefully vehicle will be used by another big name lo then Ma huat lo . Hopefully la

Posted by cwc1981 > 2022-05-10 12:19 | Report Abuse

Pay 2.3 to get back 2.2?

Posted by Starisborn > 2022-05-10 14:33 | Report Abuse

I see it slightly differently.

The proforma NTA after the Sale is RM2.74 per share but this is based on 30 April 2021 audited NTA of 99 sen. The latest NTA @ 31 January 2022 was RM1.04. If we assume the Q4 EPS is another 3 sen....then effectively there is another 8 sen that needs to be accounted for. Therefore, the adjusted NTA shall be RM2.82. Bear in mind that this proposal takes 9 months to complete and am sure more EPS will be earned,

At current price @2.30, I will load even more as I will get back 2.21 as cash dividend and still have my shares intact and therefore my cost is only 9 sen going forward. As this is a cash company, I hope that the company can secure a good viable business in future and if they can't secure one, I am sure a clean PLC is worth for other business to do a back door listing. Bear in mind that the adjusted balance cash per share after the dividend payment could easily be more than 60 sen in 9 months time. It's definitely a GOOD deal to me.

Posted by TtreeInvestor > 2022-05-10 14:42 | Report Abuse

Starisborn, you are right. Unlucky this SCGM counter dont want warrant/structure warrant to buy, then the upside even more.

Posted by TtreeInvestor > 2022-05-10 14:43 | Report Abuse

*dont have

Posted by csan > 2022-05-10 17:08 | Report Abuse

cwc1981, no. you get RM2.21 cash but after that it is still listed with about RM0.43 cash and they will look for new businesses. have a look at nylex. its market cap went as high as RM100 million after the disposal even though they had a remaining cash balance of about RM10 million only. in my opinion, shareholders could get more than RM3 in the end and the market is mistakenly undervaluing scgm.

Posted by thesteward > 2022-05-10 17:28 | Report Abuse

Agree w you csan

Posted by awesome20 > 2022-05-10 19:42 | Report Abuse

see money take money

Posted by wbuffet2 > 2022-05-10 20:39 | Report Abuse

If the owner can make SCGM so successful now....why doubt that they cannot repeat this success in other business....hmmm! I definitely will buy more and keep.

Posted by thesteward > 2022-05-10 20:50 | Report Abuse

Wise

Posted by AlfI3 > 2022-05-11 09:23 | Report Abuse

Wise decision made from a smart investor

Posted by elunmask8 > 2022-05-11 10:03 | Report Abuse

In this counter, I sense it could be the next Superman.....up...up....and away!

Posted by stockraider > 2022-05-11 10:34 | Report Abuse

Better buy favco loh!

In the case of scgm, after disposal of its core business....it will have no business loh!

Acquiring new business will take a long time & usually end up in failure base on past record mah!

Posted by TtreeInvestor > 2022-05-11 11:50 | Report Abuse

One question, if SCGM so undervalued now, why management dont increase their stake now?

Posted by csan > 2022-05-11 12:34 | Report Abuse

TtreeInvestor, will not make much difference from the 40% stake they already hold.

Posted by TtreeInvestor > 2022-05-11 13:45 | Report Abuse

Simple calculation - now they hold 40%, to approve disposal of core business they still need another 35% to ensure to get 75% vote in favor.

So now the share price is RM2.30+, then the disposal (if approved and success) will bring in RM2.80.

2.80 - 2.21 (special dividend plus capital repayment) = about 60 cents net cash inside the company.

If current share price is 2.30+ - 2.21 = the net cost is only 10 cents. Use 10 cents to buy back adjusted 60 cents NTA company some more they are in control (they can decide further declare speciail dividend, capital repayment), what harm for them to buy in further? The more they buy at current share price, the more they get.

Posted by TtreeInvestor > 2022-05-11 13:45 | Report Abuse

Minority shareholders like us wont benefit, but they are in control, buying more they benefit more

Posted by TheContrarian > 2022-05-11 13:48 | Report Abuse

Disposal of core business needs only a simple majority of 50% plus one share.

Posted by elunmask8 > 2022-05-11 14:01 | Report Abuse

TtreeInvestor....it is logical that if one gets the 2.21.....likely he will sapu all the shares in the market if it is still lingering at 10 sen after ex price....as against a cash per share of roughly 60 sen......9 months down the line. These are solid cash woh and not a piece of assets that needs to do a fair value valuation.