SARAWAK CONSOLIDATED IND BHD

KLSE (MYR): SCIB (9237)

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Last Price

0.29

Today's Change

-0.005 (1.69%)

Day's Change

0.285 - 0.295

Trading Volume

3,286,500


8 people like this.

23,163 comment(s). Last comment by fl1zz0 1 day ago

Posted by sawjunchao6 > 2021-05-03 23:17 | Report Abuse

Basing on the chart, it is oversold now. Probably will fly tomorrow. No worry just hold tight your ticket.

charlie chia

2,150 posts

Posted by charlie chia > 2021-05-03 23:49 | Report Abuse

Since PP is already out and keen buyers being identified
Shd kick out from here tomorrow

MiaoMiao7

449 posts

Posted by MiaoMiao7 > 2021-05-04 00:21 | Report Abuse

I never understood why people think PP is bad. Just like debt, there are good debt and bad debt, it is how you use the PP. As shown in the proposal, majority of the money acquired via the PP will be used to grow the company. If it is used to pay down debt like AirAsia, then run for your life.

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=114392&name=EA_GA_ATTACHMENTS

What is good PP and bad PP? a bad PP is the one launched by Tony and gang in 2016 / 2017, the reason is to increase their holdings and right after the PP is done, they go on selling most of their airplanes and give it out and dividends. That is a bad PP. This SCIB PP / KPower PP are good PP (Good Debt in property investment term). HumblePie188 explained it best:

https://klse.i3investor.com/blogs/humblepie188/2016-01-14-story89814-Private_Placement_Good_or_Bad.jsp

As mentioned by humblepie, "During the PP exercise, the share price will be maintained above the PVWAP. Why? If the mother price is trading below PP price, why would you want to pay RM500k per block to subscribe? Just buy from open market will do since it is cheaper. How about post Private Placement. That one I can't comment much. You read back and you will get the answer."

No reason for price to drop, the more it drops the less money the company gets to collect. The goal is to get as much as possible to fund the expansion plan. Therefore the likelihood of it going up is higher than down.

p.s. Everybody saw this coming and have been talking about this since January 2021. Those that wanted to sell would have sold earlier and waiting for this PP announcement to come back in, that is if they are still interested in SCIB / KPower.

I do not see any major fundamental changes in the company, management still performing, no crazy new ventures like gloves or losing money.

Ron90

4,056 posts

Posted by Ron90 > 2021-05-04 01:08 | Report Abuse

now many ppl know Karim trait..from serba to scib and kpower..after you kenyang, sell all and stay away from his counters..esp useless warrant..expectinvg to fly when karim himself keep on disposing to ikan bilis.

AnsonLiew

2,251 posts

Posted by AnsonLiew > 2021-05-04 08:12 | Report Abuse

hahahahahahahahahahahaha

no need hard sell la

hardsell also no use

pp coming today sure panic sell mah

rm1.5 coming hahahahahahahahaha

AnsonLiew

2,251 posts

Posted by AnsonLiew > 2021-05-04 08:14 | Report Abuse

i enjoy my nice nice free coffee see good show

hahahahahahahahahahahahahaha

AnsonLiew

2,251 posts

Posted by AnsonLiew > 2021-05-04 08:17 | Report Abuse

in anual meeting karim say no pp la will borrow from bank la

see now sudden say wan to do 20%pp

tis kind of management can trust ah???

he say double up market cap tis year

u still wan believe ah????

better dont invest in not honest management

u see serba oredy know

how many get con stuck after free warrant

really give u one free candy loss u entire factory


tats y i dont touch karim stock

haha haha haha haha haha

AnsonLiew

2,251 posts

Posted by AnsonLiew > 2021-05-04 08:18 | Report Abuse

better sell now
sometime u have to learn cut loss mah

go for other counter better

there r more than 100 counter better than karim counter

good luck if still wan to hold tis rubbish stock

Posted by invest_malaysia > 2021-05-04 08:19 | Report Abuse

Karim company keep do private placement. Got project also no use la. Keep dilute EPS only.

AnsonLiew

2,251 posts

Posted by AnsonLiew > 2021-05-04 08:26 | Report Abuse

evryyear do pp

always funding n high debt high trade receive Lol

AnsonLiew

2,251 posts

Posted by AnsonLiew > 2021-05-04 08:27 | Report Abuse

today price crash lo hahahahahahahahahaha

those ask me to get loss n never listen my advixe to sell today wan to cry mother father lo

really siookkk hahahahaha

Cakes Moon

6,892 posts

Posted by Cakes Moon > 2021-05-04 09:09 | Report Abuse

What happen?
Gap down?

AnsonLiew

2,251 posts

Posted by AnsonLiew > 2021-05-04 09:22 | Report Abuse

run for u life

hahahahahahahahaha

MiaoMiao7

449 posts

Posted by MiaoMiao7 > 2021-05-04 09:25 | Report Abuse

Everybody chill man, nobody knows where it will go, but confirm wont gap down like anson says. If gap down, I will all in. Anson is wrong to compare SCIB PP to Serba PP, a portion of Serba PP is used to service the debt, which is bad. SCIB PP on the other hand is to secure more projects. AirAsia PP is to 100% pay off debt and obligation, which is the worse.

So, dont worry, as long as they can secure more projects, this is ok. Look at Grab, Anthony Tan accepted so much funds to the point he only holds 2.2% of Grab, not sure if he has other vehicle that owns Grab indirectly, but share dillusion during growing stage is normal, look at Yinson, RI and PP few times.

Karim's goal is to grow SCIB and KPower big and fast. if want slow and steady win the race type, maybe go for Public Bank or Maybank.

MiaoMiao7

449 posts

Posted by MiaoMiao7 > 2021-05-04 09:27 | Report Abuse

A company needs to reach a certain size and mar cap to be able to secure bigger projects and cheaper loan. Karim is a man in a hurry, it can be good and can be bad. If he is right, then you stand to earn alot, if he is wrong and rush too fast, then die together. At least he has a dream to grow the company, some CEO and owner dont want risk and rather play safe and just enjoy their wealth, like YTL.

Posted by Ally Yee Min Ong > 2021-05-04 09:29 | Report Abuse

Yummy & delicious! Thanks those panicker.

AnsonLiew

2,251 posts

Posted by AnsonLiew > 2021-05-04 09:32 | Report Abuse

run run hahahahahahahahaha

storm coming

rm1.25 pp

AnsonLiew

2,251 posts

Posted by AnsonLiew > 2021-05-04 09:35 | Report Abuse

soon next year another pp to pay debt

u see serba oredy know

karim style

high debt high trade receive

pp every year

run now

fairyz

325 posts

Posted by fairyz > 2021-05-04 10:21 | Report Abuse

Another PP coming?

Karim so expert getting people to fund the money....

Posted by invest_malaysia > 2021-05-04 11:41 | Report Abuse

Yeah. Where got companies keep on private placement? Serba keep on got project also no use. Last year private placement twice. All the earnings also diluted.

Why die die stick to these counters? A lot of potential companies out there.

AnsonLiew

2,251 posts

Posted by AnsonLiew > 2021-05-04 12:05 | Report Abuse

eveyear pp sure gg la
still got poeple believe tis karim

AnsonLiew

2,251 posts

Posted by AnsonLiew > 2021-05-04 12:05 | Report Abuse

run now b4 too late

i can see rm1.4 coming

charlie chia

2,150 posts

Posted by charlie chia > 2021-05-04 12:54 | Report Abuse

PP is much much better than calling for Right Issue
One of the way to raise fund for business expansion
Will be alright if mother share maintain above PP price
Not like the other barking on negative facts

Posted by invest_malaysia > 2021-05-04 13:08 | Report Abuse

Of course mother share higher than pp price la. If lower got people want subscribe? Lol

AnsonLiew

2,251 posts

Posted by AnsonLiew > 2021-05-04 13:19 | Report Abuse

tis charlie chia talking shit Lol

pp of course higher than market price mah

but if pp fix at rm1.2 then all gg lo

better sell now b4 too late

AnsonLiew

2,251 posts

Posted by AnsonLiew > 2021-05-04 13:20 | Report Abuse

u listen to me sell early alresdy can save some money

hahahahahahahahahaa

AnsonLiew

2,251 posts

Posted by AnsonLiew > 2021-05-04 13:21 | Report Abuse

walao if pp fix rm1.2 market price can drop to rm1.21

mati lo if like tat

better sell now cut loss now

Xcatcat

51 posts

Posted by Xcatcat > 2021-05-04 13:23 | Report Abuse

wah Anson Liew , everyday say bad about SCIB , i wonder why .....

why not spend your energy on looking at other stocks why are you so interested with SCIB .

Comment on this forum everyday on SCIB without fail ,,,,

investorbat

1,407 posts

Posted by investorbat > 2021-05-04 14:03 | Report Abuse

Im very curious why many die hard here so confidence about this counter,i have told not to buy at $3 post split,many got hurt bad enough after it dropped all the way from 3 to 1.63.Mr Roslan sold almost all his "free" warrant from 19mil shares to 1mil shares lately,did he buy in any mother share?No. He did sell 2mil mother instead,why he did so,maybe buying at pp is cheaper than open market.From Q4 of 2020 to Q1 of 2021,revenue up by only $2mil,better net profit because "better" net margin of 16%,next Q's earning will be very critical,if revenue of $250mil(which i highly doubt because of billing delay),8%net margin profits of $20mil/490mil share=4 sen/share.Just my thought,not buy or sell call

charlie chia

2,150 posts

Posted by charlie chia > 2021-05-04 14:25 | Report Abuse

PP is much much better than calling for Right Issue
One of the way to raise fund for business expansion
Will be alright if mother share maintain above PP price
Not like the other barking on negative facts

AnsonLiew

2,251 posts

Posted by AnsonLiew > 2021-05-04 14:26 | Report Abuse

rm1.2 coming

downtrend la still dreaming

better invest other counter

im here daily to see someone loss money only nothng else hahahahahahah

i enjoy my njce nice free coffee

hahahahahahahah

Posted by invest_malaysia > 2021-05-04 14:53 | Report Abuse

Buy steel counters better that this.

gghaha

1,639 posts

Posted by gghaha > 2021-05-04 15:38 | Report Abuse

ppl want to PP at cheaper price ma....wait below 1.50only pa...:)

namnam

42 posts

Posted by namnam > 2021-05-04 15:41 | Report Abuse

to the losers, this is what happen when u listen to buy call in comments. x)

investorbat

1,407 posts

Posted by investorbat > 2021-05-04 15:44 | Report Abuse

$227mil to be raised on 147mil shares,around 1.55/share.Might see some support here

Posted by invest_malaysia > 2021-05-04 15:46 | Report Abuse

Wah 1.5 really here. Like what anson liew mentioned

namnam

42 posts

Posted by namnam > 2021-05-04 15:50 | Report Abuse

the SCIB special, up 10 cent for 1 day to give people hope, then drops few days consecutively to new low. hehe

AnsonLiew

2,251 posts

Posted by AnsonLiew > 2021-05-04 15:59 | Report Abuse

walao i q buy rm1.56 just match le

wish me luck

AnsonLiew

2,251 posts

Posted by AnsonLiew > 2021-05-04 16:00 | Report Abuse

i q another 100k at rm1.55

hahahahahahahaha

luckypunting

1,930 posts

Posted by luckypunting > 2021-05-04 16:00 | Report Abuse

wait for pp to complete first la ... New big investor later need to goreng up to sell

Posted by wallstreetrookie > 2021-05-04 16:03 | Report Abuse

Below PP I would buy

namnam

42 posts

Posted by namnam > 2021-05-04 16:06 | Report Abuse

i waiting 1.54. cmon!!

AnsonLiew

2,251 posts

Posted by AnsonLiew > 2021-05-04 16:19 | Report Abuse

come to me baby rm1.5

Cakes Moon

6,892 posts

Posted by Cakes Moon > 2021-05-04 16:29 | Report Abuse

Walao, AnsonLiew really is our saviour.
He already warn us long time ago about this.
Will it continue to drop until RM1?

gghaha

1,639 posts

Posted by gghaha > 2021-05-04 16:34 | Report Abuse

wait till the lowest u can think...:)

AnsonLiew

2,251 posts

Posted by AnsonLiew > 2021-05-04 16:40 | Report Abuse

of couse mah if u follow my sell call no need cry mother father now

smart people like me buy at rm1.5

AnsonLiew

2,251 posts

Posted by AnsonLiew > 2021-05-04 16:40 | Report Abuse

gogogogogo scib hahahahahaha

SmartM

15 posts

Posted by SmartM > 2021-05-04 16:47 | Report Abuse

is PP price fixed at rm1.54 or the statement is only an example? The real pp price will depend on future share price with 10% discount?

Posted by GooShenNo1Fan > 2021-05-04 17:09 | Report Abuse

Serbadk 2.0 : sell warrant, trade mother share, do PP, dilute investor, hype the company, go sideways and repeat

HrryPttr

1,975 posts

Posted by HrryPttr > 2021-05-04 17:09 | Report Abuse

Q 1.55 also can get. Tq

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