NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING SCANWOLF CORPORATION BERHAD ("SCANWOLF" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN SCANWOLF, REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF SCANWOLF (EXCLUDING TREASURY SHARES, IF ANY) ("PROPOSED PRIVATE PLACEMENT")
PP is fund raising for the scnwolf, if the market price is 30 sen , PP will raise around 2.6 M . Buy if price can rally to 1 rm , PP may give nearly 9M capital injection.. in the nutshell .. time to take position and join the rally for CNY ang pow kikiki..
if company make profit, theres PP ..just buy n hold..its take month to goreng, their value is increasing n those subscriber willing to take higher price if the company is making profit. once the subscriber inside, then only the volume is dancing higher for subscriber to gain. But theres alot of example for fail PP end up the subscriber are paper loss, mostly due to company not making profit continuously. Do your own research on stock u buy loorr before jump in. peace~
k6ii : ppl still see it as property ,i'm no shark..need to wait improve qtr rslt which show their manufacturing doing well then only blogger and sifu call it out..
PP is good ,no worry . it is cash call but from new investors, no worry about loan , balance sheet is not haunted by increase liability due to loan , this co got less than 100M shares easily goreng like caely b4 cny kikiki...
somchik: waiting volume come lo....i guess should be this two week have the news for the private placement...this share last time also goreng up until very high. i did visit to the show room for their property...their property is surrounded with the Kampar new terminal.
k6ii:i have visited the plastic factory in seri iskandar , it is operational , i have no idea where is that special plastic vinyl ceramic tiles jv with japanese located.
somchik/k6ii : It is located at the left hand side after you turn in from the main road. If you come in from the main entrance, it is the very end building behind. They are converting the existing warehouse for the vinyl tiles machinery line. Machine installation in progress. Some minor delay because they need to buy new boiler instead using existing one from korea.
however, the profit only come from their property division, manufacturing still post loss, expect the price not sustain and stable yet from this point.
We refer to the announcements made on 21 December 2017, 22 December 2017 and 4 January 2018 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of Scanwolf, TA Securities wishes to announce that the Board has on 26 February 2018 fixed the issue price for 8,675,300 Placement Shares at RM0.25 per Placement Share (“Issue Price”).
The Issue Price represents a discount of approximately RM0.0250 or 9.09% to the 5-day volume weighted average market price of Scanwolf Shares up to and including 23 February 2018 of RM0.2750 per Scanwolf Share.
the private placement shares has been fixed already, too bad ...then its only mean the management dont want higher cash flow to fixed the price now ..rather fixed it after quarter result, if not they can get more money lorr..sigh~
Happy can raise 2.153 million ringgit capital injection plus positive FA result soon TA should be in the positive uptrend pattern as nta at .57 sen Kikiki
Excellent quarter. They have many projects construction ongoing and expansion on manufacturing. The price is at bottom and earnings the highest now. What a gem !!
Current year prospects: The Property Division is expected to contribute positively as construction progress is according to schedule. In the Manufacturing Division, the management expect to see improvement in longer term once planned capacity expansion are all in place. The Group is continuously to improve the performance for the remaining period of financial year ending 30 June 2018.
K6ii, kutip kaw kaw ..business sense kikiki.. the factory started production already.. revenue should ramped up soon ..the guys who bought the the pp slowing releasing at 26.. should have a good stocks to fry kikiki
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....
kyosan
786 posts
Posted by kyosan > 2017-06-18 13:25 | Report Abuse
what interest me is their manufacturing division which loss-making..http://www.theedgemarkets.com/article/scanwolf-partners-japanese-firm-...article on Dec 2016 , it said jv will only complete in 15month, so would be around Mar 2018 , so can only see it next year whether their loss making manufacturing can turnaround.
Investlah ..not contralah.