[SCGM] Bonus Issue on 12-Jul-2017 ________________________________________ Stock [SCGM]: SCGM BHD
Announcement Date 12-Jul-2017 ________________________________________ Financial Year 30-Apr-2018 Subject Bonus Issue Type Bonus Issue Description BONUS ISSUE of 19,360,000 NEW WARRANTS IN SCGM ("WARRANT(S)") ON THE BASIS OF 2 WARRANTS FOR EVERY 15 EXISTING ORDINARY SHARES IN SCGM "(SCGM SHARE(S)") HELD AS AT 5.00 P.M. ON 27 JULY 2017 ("BONUS ISSUE OF WARRANTS") Amount 2 : 15 Ex Date 25-Jul-2017 Entitlement Date 27-Jul-2017 Payment Date
[SCGM] Bonus Issue on 12-Jul-2017 ________________________________________ Stock [SCGM]: SCGM BHD
Announcement Date 12-Jul-2017 ________________________________________ Financial Year 30-Apr-2018 Subject Bonus Issue Type Bonus Issue Description BONUS ISSUE OF 48,400,000 NEW ORDINARY SHARES IN SCGM BHD ("SCGM") ("SCGM SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 3 EXISTING SCGM SHARES HELD AS AT 5.00 P.M. ON 27 JULY 2017 ("BONUS ISSUE OF SHARES") Amount 1 : 3 Ex Date 25-Jul-2017 Entitlement Date 27-Jul-2017 Payment Date
Till today 4/8 bonus shares still not in account however directors receiving bonus shares into their ac. Dated 3/8 on Klsc website today. How come. Thought all supposed to be same time. Registrar sleeping or intentionally done to allow directors to sell first.
Based on announcement today, SCGM warrant will be listed tmr. You can see that the issue date is 3 Aug. Hence, I believe same applied on bonus issue (issue date 3 Aug, listing date 9 Aug)
The Klang Valley factory is expected to be fully operational by early 2018. We estimate it will contribute an additional 20% sales to the group. (Public Invest Research).
Below expectation too. SCGM was said to gain benefits from the ban of styrofoam lunchbox with its degradable PP lunch boxes in the early of 2017. But until now, I've only seen the significant growth on the company revenue, but none any significant growth on the company profit. It just seems like they do more things, more jobs for nothing. Maybe this was due to the rising raw materials price but to be honest, I'm running out of patience
Agree with ChrisYF. In my opinion, the sales should be continue to increase but the fact is the sales has stagnant at 52~53 million now. SCGM does not realise what the management mention before. Disappointed with the management capability now and running out of patience too
SCGM is good for long term investment. Barring unforeseen circumstances, sales revenue will ranging RM50 over million for the upcoming quarters until the new factories are in operations. I believe that the company currently is operating in almost full capacity therefore now they expanding new lines by building factories in Klang and Kulai. Once the new lines are up, you will see the growth in company revenue and bottom line.
This stock can keep as there is uncertainty in IT n electronic sector, tech stocks have slided in US due over value. Scary for us all may world wide recession
Im just thinking that, according to the recent performance of SCGM and the lower profit margin, I dont think SCGM can once again surpass or achieve the high 7million profit which was gained in 17Q3. As the capacity has achieved its limit, I assume that the profit gains in next quarter(18Q3) will also be around 5.5-6million. Just my opinion
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cherinelee
19 posts
Posted by cherinelee > 2017-07-10 09:34 | Report Abuse
when is the ex date?