Hi smallseller, Yes I think you are right! We are lucky to benefit from the new regulations, SCIB is also lucky enough to ride on the perfect wave of basically EVERYTHING! I am so blessed to own SCIB..I think RM 8 ringgit (or maybe close to it) is possible to achieve before bonus issue.. And after bonus, we might see another 50%-200% of price increase in two years time, if SCIB continues to perform in it's results.
@chai, free warrant will be announce after bonus issue done at 04 Jan, so probably exdate for free warrant between 10-20 Jan and list at end of January
Charlie chia, hope mother shares price stagnat 1st before warrant exer price fixed ( boss says to limit exercise price premium no more than 30%) So warrant holder can gain more..
Atomic Yes you are right Better to fixed up the exercise price for warrant before pushing higher after bonus Hope can reach 2.50 after announcement of warrant If not warrant won't fetch a good price. Under normal circumstances, usually warrant will fetch 30-50% of mother price This also has to depend on the exercise price The higher is it, the lower price will be Hope for the best
KUALA LUMPUR (Dec 3): Sarawak Consolidated Industries Bhd (SCIB) has bagged two engineering, procurement, construction and commissioning contracts for an estimated total value of RM271.1 million.
The contracts, one in Sarawak and the other in the Gulf nation of Qatar, have increased the group’s order book to RM1.7 billion, the integrated civil construction group said.
“It has also allowed us to achieve our internal order book target of RM1.5 billion for 2020,” SCIB managing director and CEO Rosland Othman said in a statement today.
SCIB said the first contract was awarded by Dermaga Makmur Sdn Bhd for the construction of a new school with 12 classrooms, six units of residences for teachers and other facilities at Sekolah Kebangsaan Kalor in Betong with an estimated contract value of RM18.3 million. The project is expected to be completed in March 2022.
The second contract was awarded by Pavilion Qatar Engineering Co. W. L.L. for a civil works fire water project at the Ras Laffan Industrial City Power Station with an estimated contract value of US$62 million (RM252.84 million). The project is expected to be completed in November 2021.
“These successful bids are expected to improve our earnings for the next 12- to 18 months and also now that we are actively expanding our domestic construction activities. We hope to pursue other projects locally in the coming year, that allow us to roll out more infrastructure developments for Rakyat’s welfare,” Rosland added.
Shares of SCIB closed two sen or 0.43% higher at RM4.69 today, for a market capitalisation of RM575.15 million.
SCIB 2020 financial year target get RM1.5B new order, final get RM1.7B new order. 2021 financial year management mention is EGM target to get RM2.5B new order.
My own estimation for next QR around 20m. That if everything back to normal, however I'd probably discount it to around 15m PAT given the current situation.
CIRCULAR TO SHAREHOLDERS IN RELATION TO I. PROPOSED BONUS ISSUE OF 367,897,500 NEW ORDINARY SHARES IN SARAWAK CONSOLIDATED INDUSTRIES BERHAD ("SCIB" OR THE "COMPANY") ("SCIB SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF 3 BONUS SHARES FOR EVERY 1 EXISTING SCIB SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("BONUS ENTITLEMENT DATE") ("PROPOSED BONUS ISSUE OF SHARES"); AND II. PROPOSED ISSUANCE OF 245,265,000 FREE WARRANTS IN SCIB ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 2 SCIB SHARES HELD ON AN ENTITLEMENT DATE, WHICH IS AFTER THE BONUS ENTITLEMENT DATE, TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED ISSUE OF FREE WARRANTS")
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....
Newbieinshare
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Posted by Newbieinshare > 2020-12-18 17:04 | Report Abuse
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