Wah can buy 200 acres-RM68.25 M Durian Tunggal ... Alor Gajah area during bad times ..... well their cling wrap business in US must be very good. 1USD - RM 4.10
Why spend RM1.63 million to buy back 198k @ RM8.21 . The Boss having been buying since the beginning 2Feb till Now with the biggest buy RM1.63 million on 16 Aug 2018
Bet U 100% there is no right issue for the buying of the land. Company Cash rich mah
If U r the Boss of Scientx .... Your 4 Qters Results is due Mid Sept. Surely U will roughly know what's your earnings will be . Since $$$ in USD is comming in n Good earnings for the whole year what will you do?.....I will definately buy more land at depress prices n built it in 2025 onwards. Since I have the CASH n more CASH is comming in . This is forsight investment that's what the Father was doing it b4 he passes it to his son the knowledge of property investment mah. I was with this counter since listing in the early 90s.
Fantastic n Fun Counter . To be invested in since listing. Coming in line of new production will be their investment in Texas ... the production of " Cling Wrap" will see it through World No: 1 in this product. ( Consumer Product ) always daily repeated sales. Everybody knows that US market is one of the biggest Market for consumerable.
After Bonus 1: 1 recently X at RM 13.00 ......means RM 6.50 for 2...........Now trading above RM 7.00 these few days. Then moreover BOSSES OF THE COMPANY BOUGHT / mopped up some 44,600K recently a month b4 their Half yearly results by 22 March 2017. Something must be brewing. Keep your finger's Cross .
Happy Investing.