SYF RESOURCES BHD
KLSE (MYR): SYF (7082)
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Last Price
0.24
Today's Change
+0.005 (2.13%)
Day's Change
0.235 - 0.24
Trading Volume
180,100
Financial
T4Q
31-Mar-2021
2020
31-Mar-2021
2019
31-Mar-2021
2018
31-Mar-2021
2017
31-Mar-2021
Discussions
6 people like this. Showing 50 of 3,117 comments
After the special dividend and capital repayment, total 18 sen .... market price must be higher than 14sen, otherwise people can buy from the market rather than subscribe the RI !!
2021-10-14 09:55
Ya seems like you could be right .
Many retailers stuck between 44 sen to 30 sen . Many thot 32/30 was low enough di.
2021-11-24 10:55
18 sen special dividend/capital repayment to be undertaken prior to rights issue.
2021-12-01 19:34
Actually SYF at this price is about right.
New NOSH is 2.1/2.2 billion, 11.5 cents after capital repayment means valuing MnA at circa 250mil
2022-01-21 16:03
From Q3 report,
In conjunction with the amendments/variations to the SSPA, the Board had on 2 December 2021 also announced that the Company proposes to distribute: -
RM0.07 per SYF Share on an entitlement date to be determined and announced at a later date immediately after the completion of the Proposed Disposal of Furniture Business.
The said distribution of RM0.07 per SYF Share or RM39,821,111 in total (calculated based on 568,873,012 existing SYF Shares (excluding treasury shares)) will be undertaken by way of a special dividend or capital repayment or a combination of both and funded from the proceeds of the Proposed Disposal of Furniture Business; and The Proposed Acquisition, Proposed Rights Issue, Proposed Restricted Issue, Proposed Exemption and Proposed Change of Name are conditional upon the completion of the Proposed Disposals. The Proposed Special Dividend and/or Capital Repayment including the Proposed Special Dividend and/or Capital Repayment 2 is conditional upon the completion of the Proposed Disposal of Furniture Business, and again, upon the completion of Proposed Disposal of Freehold Land, but it is not conditional upon the Proposed Acquisition, Proposed Rights Issue, Proposed Restricted Issue, Proposed Exemption and Proposed Change of Name.
The remaining RM0.11 per SYF Share on an entitlement date to be determined and announced at a later date after the completion of the Proposed Disposal of Freehold Land.
The said distribution of RM0.11 per SYF Share or RM62,576,031 in total (calculated based on 568,873,012 existing SYF Shares (excluding treasury shares)) will be undertaken by way of a special dividend or capital repayment or a combination of both and funded from the proceeds of the Proposed Disposal of Freehold Land and internal generated funds of SYF (“Proposed Special Dividend and/or Capital Repayment 2”).
1 month ago
Pursuant to the SSPA dated 6 October 2021 and the Supplemental SSPA dated 2 December 2021 entered into between the Company and Insas, the Conditions Precedent shall be satisfied within nine (9) months commencing from the date of the SSPA, i.e. 5 July 2022. On behalf of the Board, Malacca Securities wishes to announce that the Company and Insas had on 1 July 2022, mutually agreed to extend the Conditional Period by an additional six (6) months to a period no later than 4 January 2023 to fulfill the Conditions Precedent
Mr Thong will not let u to earn so easy ..... ;-)
1 month ago
besides the timeline extension .... hope he won;t alter other terms of the proposal ........
1 week ago
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mhanaS
The dividend and capital repayment proposal is 18sen. The new share issue is 14sen. Add the two together and you wonder why would anyone sell at 31½sen or below?
Add in the rights issue as well as potential upside that the new business brings, one could sum up that collecting the counter now seems like a no-brainer.
2021-10-12 22:32