Agree with kfliau, SCIB QR results coming out in February should be awesome. Among Dato's Karim 3 counters my view is that SCIB would likely hv the highest EPS, followed by SerbaDinamik and KPower. The fact that Sarawak Economic Development having a significant stake in SCIB will ensure that some lucrative Sarawak construction and EPCC contracts will be flowing into the contract books of SCIB.
Next week would be the last 4 days to top-up to get your CNY ang-pow in the form of Warrants. Expect the warrants to be listed above RM1.00 on 16 Feb.
Good luck all SCIB investors and have a bountiful CNY and 2021.
Good luck, a big whale started disposing kpower. He disposed 1,000,000 at average price of 2.6 on 21 Jan when his cost is only .572. All the best to those bought at high prices. SCIB is next
According to Bursa filing on 11 Dec 2020, the Company has settled its lawsuit with Gaya Belian Sdn Bhd. Hurray.... a win for SCIB.
Now Gaya Belian S/B most likely has to return shares back to SCIB that were used as part payment of a company acquisition in 2016.
The announcement not in detail but I suspect the 1,200,000 shares disposed of will go back to SCIB, most likely go into Treasury Shares Account or to be cancelled.
Either way, good for SCIB. Furthermore, these are likely to be pre-bonus issue shares, which will now become 4,800,000 shares.
For Gaya Belian to cease to be a substantial shareholder, they must have disposed of more shares to drop below the 5% threshold.
Watch this space....likely to have further announcements on this Court case settlement regarding the balance of the shares.
Imagine how much the 6.8 million original shares paid to Gaya Belian are worth today. Multiply by 4, multiply by RM 2.14 plus entitlement to 1:2 free warrants.....
We maintain our focus on achieving approximately RM555 million in revenue, with a gross profit of RM79 million and profit after tax of RM62 million.
Karim had realised its ambition to achieve 1 bil market cap 1st target
If he don't missed his revenue and profit target, coming next month qr, will record revenue rm225 mil, pat rm40mil, eps 8 cent, dividend 2.4 cent
Anyhow to make it more realistic, i would put in discount of 30% based on karim given target probably due to pandemic slowdown. After the discount, eps 5.6 cent, dividend 1.6 cent still a fantastic result
Can he realise the excitement to reward us as shareholders?
We maintain our focus on achieving approximately RM555 million in revenue, with a gross profit of RM79 million and profit after tax of RM62 million.
Karim had realised its ambition to achieve 1 bil market cap 1st target
If he don't missed his revenue and profit target, coming next month qr, will record revenue rm225 mil, pat rm40mil, eps 8 cent, dividend 2.4 cent
Hope what you posted is correct. Moving forward the potential total EPS for the next 4QR would be more than 0.30 and based on a conservative PE of 12X, SCIB could move to RM3.60. Wow that's a lot of upside.
@hamsterhuat The ex date is 2/2 but monday bursa close, so 29/1 should be the last day... But i dont understand I can sell it on 2/2 or 3/2
existing shareholders of SCIB on the basis of 1 Warrant for every 2 existing ordinary shares held in SCIB held as at 5.00 p.m. on 3 February 2021. Sorry im still learning
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....
kfliau
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Posted by kfliau > 2021-01-22 22:29 | Report Abuse
Any insight on the uocom8ng quarterly result? Why is it expected to be excellent?