1 RI for 2 but very goods is Inventec Taiwan will buy all the RI from 2 major shareholders and become a major shareholder. Market should welcome this proposal
haha RI to buy from fools that will sell at a CHEAPER prices. so pls sell and directors will collect from retailers faster so it will faster push up. thx!
[Humbled Investor] Turnaround story – Scope Industries Berhad
Scope Industries Berhad (“Scope”) is mainly involved in Electronic Biz, specifically in printed circuit board (PCB) assembly for more than 25 years (contributed 67% of FY2020 total revenue). Over the years, PCB division has expanded into completed electrical and electronics product assembly for reputable OEM manufacturers and MNC companies.
Scope also involved in cultivation of palm oil business but its not so profitable so we will not be focusing on palm oil segment today.
What is so interesting in Scope? Scope has seen a drastic change...
its gonna be another push down but question is will it reaches anywhere near to RI price? impossible due to taiwan company wants to buy at that specific price. will it down more? yes, abit.
Sudah salah trade la...delete la..take loss la..apa boleh buat..future will never buy stock that propose to do RI..pusing2 itu price number but at the end loss la..
I think not a good news in short term because asking more money from existing shareholders. But if the management manage to utilise the proceeds from RI properly i think in long term will bring a fruitful return to shareholders.
Lets take Tawin as example. Propose RI on 14sep20..Share price at that time was 0.23...Confirmed RI on 25Nov20(2month) Due to Cooper rally,then tawin close at 0.36 before exdate.. Now Tawin holder hv 3 OR at value 0.195 (each 0.065) + mother share at 0.145 = 0.34 Tawin holder can exercise as need to topup another 0.06 to convert to mother share and once complete can direct sell it as mother at 0.145(let say mother price maintain until complete convert). PROFIT.
But this scope different. Propose to do RI on 19 march21 (price at 0.295) & until now not yet fix it.Still wait Meeting? Mother keep drop and let say price at 0.23 before exdate. After ex date,mother will be 0.14 & holders hv 1OR value at 0.09. Want to convert? 0.09 + 0.175=0.265?? Retailers will not convert la as scope price at 0.14.. 1st day OR listing price will big drop.. Then shit la this proposal..Mngmt not control share price ka?
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....
RRWin89
503 posts
Posted by RRWin89 > 2021-03-17 16:33 | Report Abuse
lousiest counter in my portfolio, but dont want to let go. haha. sure fly, question is when