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 |
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Discussions
13 people like this. Showing 50 of 2,705 comments
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
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
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
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
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
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....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
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
"the amount of distribution mentioned is a preliminary estimate and should not be deemed as the final distributable amount."
2 months ago
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
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, no, today market rumoured SCGM going to enter New Energy Vehicle and got many potential takers approaching for the SCGM vehicle.
2 months ago
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
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
@Wee Hong, is it d good timing for substantial S/Hs to take profit & exit at this juncture?
2 months ago
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
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
now one of the directors also selling better buy other stocks and market is really bad
1 month ago
That selling brother is no longer a director. He resigned in Jan due to health issue.
1 month ago
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
Since he is selling out, it should be in his best interest to see the deal through.
1 month ago
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
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
It has been more than 2 months already. Why still haven't submit the disposal to bursa ?
4 weeks ago
Likely b aborted as mkt condi so weak lately, d Japanese buyer wud hav more alternative options for dier investment opportunity
3 weeks ago
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
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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But looks like they are not doing so yet.
2022-05-11 14:42