jackmoo Privatise, I think unlikely, may be Take over? If this is the goose that lay golden egg, I think noone will let go their stake. 21/02 LOL I dunno about golden egg but plenty of salted eggs laid by Ayatollah Shah LOL since he took over :( maybe Dumbo IJM can bail all those long sufferings Scomniacs out including me haha No need the .36 cents they paid I will happily take .28 cents form my cost of .30.5 LOL Call me IJM LOL
The crown jewel is scomies which contribute 90% of profit and has rm200mil cash...scomi control 65% of scomi energy.. if the want to enhance value or take private, most likely is scomi energy
this is what I observe- SCOMI is holding company with controlling share power most likely to be delisted after MGO. Normally, only subsidiaries public listed. This is to avoid public scrutiny of keep changing internal controlling shareholders & directors which is a NORM nowadays-it gives a bad perception with no stability when its public listed. Market prefer stability
What if IJM is most greedy? IJM takes over all SCOMI, SCOMI energy & SCOMI ENG.? then, it can put all under same common IJM directors-save on management cost?
Firstly, u must see the crown jewel and value of the scomi group. The most valuable asset in the group is it 65% scomi energy.. Value can only be enhance to bring scomi closer to scomi energy..
I Know Scomi energy is the crown jewel. we want to save directors cost. I notice SAME directors with fat salary sitting at all companies. don't you think its duplication fat salary?
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....
Frank Soweto
3,425 posts
Posted by Frank Soweto > 2016-02-22 06:48 | Report Abuse
Now I see many new 'investors' - where is the long suffering Hooi n Captain Chang :)