The incoming bosses bought 16% of scgm from the Lee family at RM0.65 in early 2023

share4u888, you mean ~60sen ex-dividend?

Yes, should rebound soon

Brutus, I also believe they will subscribe but the market price then has to be much higher than 0.365 (after special dividend) in order to attract them into subscribing.

95m consideration shares are to be offered to bumi by the new boss at 0.365 which is at no discount to the current market price of 0.365 (0.615 adjusted for special dividend of 0.25). Will bumi subscribe for the offer ?? Unlikely unless there is a discount of 20% to 30% to the market price.

75.73 % to be exact

why ?

They have 12 %

Has KWAP and PNB accepted ?

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3513792

2.2 (iii) Nevertheless, the Joint Offerors and the Joint Ultimate Offerors reserve the right to revise the level of the Acceptance Condition to a lower level, provided that the revised Offer shall remain open for not less than 14 days following the date of such revision and the Holders who have accepted the Offer being permitted to withdraw their acceptances within eight (8) days of the notification of the revision.

or they can decide to accept a level less than 90% and extend for another 14 days

if they get 90% they have to extend for another 14 days

Nikicheong, thank you for your opinion. Any idea what is the current book value of karken ?

what is the current book value for armada kraken ?

Nikicheong, any estimate on the potential impairments amount in Q4 ? Thanks

https://www.thestar.com.my/business/business-news/2024/12/25/investors-advised-to-accept-deal-for-mahb

Lets see whether they will ink the agreement by this month

I don't think there is a limit on how long they can delay, but taking more than 3 years abnormal. They have one more year. This time they only get 4 months extension. Maybe a signal that the deal is soon.

Forever delaying ..............

Looks like it is happening again ! Before end of September.

Looks like not going to happen this month ........... What is going on ????

Not this week

Before end of August from reliable sources

It is going to happen this month

Proposal expected by next month. Insiders collecting.

Only for my followers, I have bought back Jaks.

Only for my followers, I have sold Jaks.

No, the new boss who is going to take over SCGM shell and becomes a coconut company.

Safeld65

The new boss from Japan one?

Special announcement further delayed

Not the AGM. The special announcement

maybe tomorrow

The new boss couldn't attend due to overseas flight delay.

it is today

Watch out for the AGM !!!

Thai Coconut Public Company Limited PE 26x

We will find out by next week

DragonG, I believe they do have coconut plantations in Malaysia and Indonesia.

https://johor.sinchew.com.my/news/20240522/johor/5626237

Yes, by this month

I strongly recommend investors think harder why the founders are selling their company at book value and become minority shareholders. They could have sold at book value plus RM40-60m for the listing status. This article could help - https://klse.i3investor.com/web/blog/detail/righton/2024-03-24-story-h-185587948-WHAT_AN_EARLY_BIRD_SHOULD_KNOW_ABOUT_SCGM

If you agree that coconut business has great potential, you should not miss out the opportunity to get this one and only listed coconut company on Bursa Malaysia.

I have higher projection.

like brothers, sisters, cousins, relatives and friends

connected persons no need to report

On the contrary, the sharks are buying not selling. The sharks being connect persons cannot subscribe for the PP, so they have to buy from the market when the pp subscribers were selling for a penny gains.

Just think for a second why so many buyers in these 2 days and yet the PP was undersubscribed.

2 more weeks ............

You forgot to mention the receivables ??

Stock: [JAKS]: JAKS RESOURCES BERHAD

2 days ago | Report Abuse

Only for those who have earlier followed my strategy "sell now buy back later" and sold at 0.19-0.20, I wish to inform that I m buying back now.