now prospectus were given to vote in favour of the injection of good tangible assets into scope which is not making any money or paying any dividend ? We as minority shareholders what are the steps we should take to avoid being played out in the deal. We prefer paying cash based on market value . We do not want any of scope valueless scrips ? It only costs around 5-10 cts per share but we are paying so much for a loss making company? We had cheated on many occasion by MCA , esp on Cooperative Kojadi and the illegal collection of deposits ? Now Matang which will be sold cheaply for land around Tangkak region? Lands in Tangkak are selling around 3-4 million /acre ; recently someone is selling for 450 million for 120 acres there? What a shoch to many minority shareholders. We hope that someone may enlighten us what are the next course of action to be taken? Please?????
Lands in Matang were valued at 145m for 2677 acres and approx at 54k per acre? At the moment can anyone enlighten me what is the market value per acre for lands around Tangkak area? Common sense can tell u that the lands were undervalued but scope shares at 10 cts par were overvalued at present market price. What are the minority shareholders doing? Just let them have the say or we plan something to abort the ridiculous sale.
now is less than 40k/ac after discounting 25m cash given free ? What a shock to many? what has been disclosed by captains of the industry is : EPS by Scope is 0.21 cts and Matang is 4.3 cts Difference of 20xs NTA by Scope is 12 cts and Matang is 118.9 cts Difference of nearly 10xs under Matang -Scope Merger , it is clearly the minority shareholders were taken for by a free ride???? Assets of 12 cts will be valued at 25 cts??? Very smart move by Scope.Which is value by 2.1 x higher ..V smart n clever move compared with matang which is grossly undervalued.
Scope shareholders got to sell your shares fast before it starts to plunge when the Scope Taikos who have accumulated Scope shares (as they planned CSL will bulldoze the Matang merger deal thru) over the past year start to dispose off shares, by then it will be too late
Sell SCOPE shares now or you get burnt real bad when the taikos who hold millions of shares (hoping CSL can get them a revised Matang deal see no chance at all as CSL 'loyal' supporters now shift support from this rotten head) have no choice but to sell.
Wa...it really can up ler, now hit the highest record liao, 0.39, still can in or not? Today eyes on gpacket n dsonic ca, congrats to those who make money
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....
necro
4,726 posts
Posted by necro > 2012-03-07 23:03 | Report Abuse
buy?????