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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
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!
Read all the above postings, the turkey is on its way into the oven,....... bye, bye
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!
Read all the above postings, the turkey is on its way into the oven,....... bye, bye