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Jeffrey
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 Posting #7: Fri Nov 17th, 2006 03:13

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7158    SCOMI    SCOMI GROUP BHD

ARTICLE ENTITLED: "Scomi to be taken private?"



ARTICLE ENTITLED: "Scomi to be taken private?"

Reference is made to a query from Bursa Malaysia Securities Berhad dated 15

November 2006 in relation to the article appearing in The New Straits Times

(Business Times, page 39) on Wednesday, 15 November 2006 and in particular

pertaining to the statement which is reproduced as follows:-



“…major shareholders of Scomi Group Bhd may take the … firm private in a bid

worth as much as RM1 billion.”



The Board of Directors of Scomi Group Bhd wishes to advise that, the Company is



not aware of any plan or intention by its major shareholders relating to the

issues highlighted in the said article and has not received any notice from its



major shareholders relating thereto.



In addition, the Company has made due enquiry with its largest shareholder,

Kaspadu Sdn Bhd, and has been informed that although Kaspadu has received a

number of preliminary proposals relating to its stake in the Company, no

decision with respect thereto has been made that warrant announcement by the

Company.
 
Can this be that the UMNO do is on going and some ppl want pocket money?..... ahhhh but then that is another blogsite,.... ha, ha, ha,....[code]

Moolah
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 Posting #8: Tue Feb 27th, 2007 01:27

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   Scomi Group Bhd (7158.KU) - Malaysia
   4th quarter ended Dec. 31:
   Figures are in Ringgit (MYR).

                                 2006               2005
Revenue                MYR469,488,000     MYR296,340,000
Pretax Profit              33,720,000        127,706,000
Net Profit                 25,152,000        109,539,000
Earnings Per Share           2.51 Sen          11.04 Sen
Dividend                     1.50 Sen           0.60 Sen

   12 months ended Dec. 31:

Revenue                 1,575,564,000      1,067,972,000
Pretax Profit             120,760,000        187,649,000
Net Profit                 84,545,000        151,692,000
Earnings Per Share           8.50 Sen          15.59 Sen
Dividend                     1.50 Sen           1.20 Sen

Jeffrey
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 Posting #9: Tue Feb 27th, 2007 01:59

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So, where did all the money go? servicing the loan? A couple of reports like this and its a gonner!

Moolah
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 Posting #10: Tue Feb 27th, 2007 02:08

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I just made a blog posting on Scomi Group: http://whereiszemoola.blogspot.com/2007/02/update-on-scomi-group.html

Jeffrey
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 Posting #11: Tue Dec 9th, 2008 06:30

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I have not posted for a long time.

This one takes the cake. It got my patience in a real bind!

Scomi is selling a 1 for 2 rights issue. Through some financial hocus pocus, they have managed to do this despite that no bank is willing to underwrite this rights issue!
Furthermore, Shah Hakim, Dato’ Kamaluddin and their PACs will seek an exemption from the Securities Commission from the obligation to undertake a mandatory offer under the Code in the event the subscription for the Rights Shares by the SPV (as defined in the attachment) results in the triggering of the mandatory offer!!!


How these guys can come up with this line I wonder!

:no-no: Read all the above postings, the turkey is on its way into the oven,....... bye, bye :no:

Moolah
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 Posting #12: Tue Dec 9th, 2008 06:58

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Jeffrey wrote: I have not posted for a long time.

This one takes the cake. It got my patience in a real bind!

Scomi is selling a 1 for 2 rights issue. Through some financial hocus pocus, they have managed to do this despite that no bank is willing to underwrite this rights issue!
Furthermore, Shah Hakim, Dato’ Kamaluddin and their PACs will seek an exemption from the Securities Commission from the obligation to undertake a mandatory offer under the Code in the event the subscription for the Rights Shares by the SPV (as defined in the attachment) results in the triggering of the mandatory offer!!!


How these guys can come up with this line I wonder!

:no-no: Read all the above postings, the turkey is on its way into the oven,....... bye, bye :no:


:lol:

Yes.. and please close the door faster. :lol:


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