karim himself holds almost 22-25 % of the shares and he will definitely back tthe current BOD , the current BOD needs only another 25% of shares to stays on...those who called the EGM only has less than 15% shares , plus with retail holders like + those who unable to make it to EGM etc , doubt they can outst the current BOD...if cant pass the resolution in the EGM , the price will back to 12 cent in 2 days.
no need think...read the quaterly and annual report...if karim has sold his shares , annoucement would have out that substantial shareholder has bought / sell shares...read...baca bhai
@vijay99. If you have done your homework, the latest annual report already didnt show Karim as a major shareholder, where in the lowest list of the Top 30 shareholders only carries 0.19% of the total shares of the company
Recently, the "useful" director also been selling shares, so you are telling me he is selling more shares to secure his own BOD positioning? If he is confident why not buy any shares with his name since the request of EGM?
See the share price after the announcement for EGM, you still think retailer want to side the old management? Want share price to go back RM0.150 ke? Aduiiii
This Azri become director at age 23, not because of his father, because of his "extensive knowledge in various industries"? His counters all dead already, look at BINTAI, PN17 virus carries, you don't want to sack him now before the virus spread to SCIB? Why need to waste resources?
@SRahman...haha pak cik ada betul ada baca annual report ke tak ni ? https://scib.com.my/live/annual_report.html Buka page 212 dan tengok shareholders listing..karim pegang 23.966% shares la mangkok .. kalau tak pandai baca english , sila google translate ye....guna otak sikit bila sebelum comment , jangan guna lutut ye..
Azri Azerai name is so bad market la, try look back all the counter bintai, mgrc, caely, even nwp also from top to bottom, no matter how to promote also useless. SCIB if no new white knight in. I think another counter will drag down by him too. Well, no idea scib is good or bad but azerai is a bad apple.
hahahahaha..... if not relate with him, then i think he is very bad luck la, bring down the counter.
Fight fight fight, investor happy because the Share price go go go...... somehow I disagree Gabriella, cannot say bring bad luck, he did bring in many project to those counter. Some were say AZ is white knight but after look back share price... ermm... nevermind...
EGM this Wednesday, this's gonna be very interesting https://theedgemalaysia.com/node/669620 -------------------------------------------------- Ready my popcorn on the coming show
No idea, who know Azerai will win, but I don't see any good thing will happened. Caely - Letak jawatan Bintai - Letak Jawatan Serbadk - Letak Jawatan And all this stock....hmmm
1) Fool me once, shame on you. Fool me twice, shame on me. 2) Once bitten, twice shy.
In the wake of decisive boardroom changes, with three subpar directors exiting stage left and the ushering in of fresh leadership ahead of the imminent Extraordinary General Meeting (EGM), Sarawak Consolidated Industries Bhd (SCIB) has found itself in the midst of an unprecedented bull run. Propelled from the modest RM0.150 – RM0.190 share price range, SCIB's surge halted only momentarily, concluding yesterday at a strong RM0.425.
Yet, it's important to note that yesterday's trading day saw just 55.24 million shares change hands.
Amidst this relative calm, a private placement transpired at an issue price of RM0.303. This gives rise to speculation of a potential wave of profit-taking exercises that may have been driving the market over the past two trading days.
Regardless, we continue to observe a robust wave of support for SCIB around the RM0.425 (S1) and RM0.420 (S2) marks. A short-term target price (TP) of RM0.500 remains feasible. The boardroom reshuffle seems to have rejuvenated the market's faith in SCIB, sparking a frenzy of bullish activity that bodes well for the near future.
To those who are knowledgable in TA, you can see that SCIB has already formed a clear rising wedge. If SCIB closes below 0.43 tomorrow, then it might signal the end of its uptrend. If it happens this way, it might drop to as low as its trend's base between 0.18 and 0.2.
Overall, SCIB is still in uptrend mode but a correction looks not too far away. All the best guys and may God bless us all. Don't forget to derma a bit to charity ya.
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....
vijay99
73 posts
Posted by vijay99 > 2023-06-22 15:26 | Report Abuse
karim himself holds almost 22-25 % of the shares and he will definitely back tthe current BOD , the current BOD needs only another 25% of shares to stays on...those who called the EGM only has less than 15% shares , plus with retail holders like + those who unable to make it to EGM etc , doubt they can outst the current BOD...if cant pass the resolution in the EGM , the price will back to 12 cent in 2 days.