SCGM BHD

KLSE (MYR): SCGM (7247)

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Last Price

2.32

Today's Change

0.00 (0.00%)

Day's Change

2.32 - 2.33

Trading Volume

198,900

Entitlement

Upcoming

Happening

Ann. Date Ex Date Type Subject Amount
Discussions
13 people like this. Showing 50 of 2,705 comments

TtreeInvestor

But looks like they are not doing so yet.

2022-05-11 14:42

elunmask8

Ya....75% of those present in EGM. As this is not a related party transaction, the major shareholder can vote.

2022-05-11 14:57

elunmask8

Honestly not many ikan bilis minority shareholders would turn up and even if they turn up....why would they vote against a good proposal

2022-05-11 15:00

wbuffet2

I see value in this proposition....just added more into my portfolio today. Just look at the volume done today...it cannot be wrong! Happy investing!

2022-05-11 16:54

terence775

I wrote in depth about the corporate action and what happens next. For those interested, can pm me to read my full sharing.

i3 doesn't let me post it here

2022-05-12 11:31

stockraider

The takeover is base on the price of Rm 2.83 loh!

U ask yourself which is better loh ?

Litrak v Scgm leh ?

2022-05-12 12:07

wbuffet2

There is a difference between selling Scgm @ 2.83 v selling business @ 2.83.

I am sure the listing status of Scgm is worth a sizeable amount and this itself is not factored into the cash that Scgm holds post the dividend payment

2022-05-12 13:06

metroview

possible to 2.00 ?

2022-05-13 09:04

wbuffet2

metroview....u sell to me loh at 2.00.....hahaha.

I collect 2.21 within 9 months and still keep my shares for another wave after the dividend payout

2022-05-13 15:50

SumiTomo

Start selling?

2022-05-13 16:10

TtreeInvestor

Waiting share price of 2.20

2 months ago

Just88

Proposed Special Dividend
The Board proposes to declare and pay part of the Disposal Consideration as a special cash
dividend to shareholders whose names appear in the Company’s Record of Depositors on an
entitlement date to be determined by the Board later (“Proposed Special Dividend”). The
Proposed Special Dividend will be implemented upon the approvals as set out in Section 10.2
below is obtained.
As at the LPD, the tentative amount proposed to be distributed as special cash dividend to the
entitled shareholders will be approximately RM1.85 per SCGM Share which amount to
approximately RM356.24 million. The actual amount to be distributed will be determined and
announced at a later stage. SCGM’s shareholders should note that the amount of distribution
mentioned is a preliminary estimate and should not be deemed as the final distributable amount.
The quantum of special cash dividend to be declared is dependent on the availability of
sufficient distributable profits and the Company being in a position to comply with the provisions
of Section 131 of the Act as at the date of declaration of the proposed dividend.

2 months ago

Just88

"the amount of distribution mentioned is a preliminary estimate and should not be deemed as the final distributable amount."

2 months ago

TheContrarian

I don't have any shares in SCGM, never bought any before but in view of the low market price, I am considering to buy into SCGM. Can anyone give possible reasons why market price fell and remained low after the proposed disposal and generous distribution of disposal proceeds to shareholders?

2 months ago

TtreeInvestor

Orang makan already loh.

2 months ago

TtreeInvestor

buy sell not much, easy to push up

2 months ago

TtreeInvestor

Today Owners acquiring their own company shares?

2 months ago

terence775

I wrote in depth about the corporate action and what happens next; I'm following closely the developments for SCGM... For those interested, can pm me to read my full sharing.

i3 doesn't let me post it here

2 months ago

firehawk

after one week .... today investors find that it is worth to buy?

2 months ago

TtreeInvestor

@Firehawk, no, today market rumoured SCGM going to enter New Energy Vehicle and got many potential takers approaching for the SCGM vehicle.

2 months ago

TtreeInvestor

Frankly speaking, if the after disposal NTA is 2.80 (net cash). Plus the vehicle price of RM0.10-0.20.

Minus 15% discount - then the current fairvalue should be RM2.50+-

2 months ago

TtreeInvestor

to subsequent buyers, 10-15% arbitrage profit (after approved) also consider attractive to them if the trnasaction done within 6-12 months

2 months ago

thesteward

Terrence not sure how to pm you . Would appreciate the sharing Txs

2 months ago

terence775

you can just click my name and then click the green chat icon beside it

2 months ago

Wei Hong

when is the EGM?

2 months ago

Just88

Any possibility that the deal be called off ?

2 months ago

Wei Hong

boss also sell d haha

2 months ago

TtreeInvestor

why substantial shareholder selling his stake?

2 months ago

AlfI3

@Wee Hong, is it d good timing for substantial S/Hs to take profit & exit at this juncture?

2 months ago

Wei Hong

scgm IPO RM0.78 so he sell now already profit and they want to sell off their main business, in future duno got business or not. maybe for him is the good timing?

2 months ago

Wei Hong

since when i become a consultant? lol juz sharing my 5 cent view.

2 months ago

Just88

any chance of the deal cancelled ?

1 month ago

Wei Hong

thats why director keep selling?

1 month ago

TtreeInvestor

Looks like Brothers not in good terms. Otherwise why one of the brother selling the shares while their disposal per share is 2.83?

1 month ago

looiting

Those TYY and WA2U followers already trapped since $ 3.20. Kesian

1 month ago

Wei Hong

how u know they trap since 3.2? maybe they awal2 sell lo

1 month ago

Wei Hong

now one of the directors also selling better buy other stocks and market is really bad

1 month ago

looiting

Can see on volume analysis

1 month ago

Just88

That selling brother is no longer a director. He resigned in Jan due to health issue.

1 month ago

TtreeInvestor

So this brother why not wait until EGM? Just curious the transaction already near to EGM, but the brother selling shares continuously, so have doubt whether he will vote in favour or against?

1 month ago

Just88

Since he is selling out, it should be in his best interest to see the deal through.

1 month ago

wbuffet2

Don't worry, I shall fully support the resolution at EGM and see the deal through. As time passes, I am nearer to collecting my fat bonus.

1 month ago

wbuffet2

Meanwhile, I enjoy the quarterly dividend first. Not many counters in Bursa today, can pay dividends every quarter! Look at SCGM record....28 straight uninterrupted quarters.... paying since 31 July 2015. Many thanks to the Board.

1 month ago

Just88

It has been more than 2 months already. Why still haven't submit the disposal to bursa ?

4 weeks ago

AlfI3

Likely b aborted as mkt condi so weak lately, d Japanese buyer wud hav more alternative options for dier investment opportunity

3 weeks ago

terence775

Ignore the noise, read the proposal yourself if you want to trade this.
Or you can PM me for my breakdown on the event

3 weeks ago

yaphoikiong

Agm 8/20,good new will be announce soon

1 week ago

rohank71

payout of 2.20 expected end of October.

1 week ago

Just88

Only for special dividend of 1.85. Capital repayment of 0.36 will have to wait for 9 months

1 week ago

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