|Last Price ||Avg Target Price || Upside/Downside ||Price Call |
|0.775 ||1.19 || +0.415 (53.55%) || |
|* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.|
|** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).|
|Date ||Open Price ||Target Price ||Upside/Downside ||Price Call ||Source ||News |
|18/04/2014 ||0.815 ||0.96 ||+0.145 (17.79%) ||BUY ||RHB || |
|14/04/2014 ||0.77 ||0.96 ||+0.19 (24.68%) ||BUY ||RHB || |
|03/03/2014 ||0.825 ||1.13 ||+0.305 (36.97%) ||HOLD ||ALLIANCE || |
|16/01/2014 ||0.89 ||1.33 ||+0.44 (49.44%) ||BUY ||RHB || |
|16/01/2014 ||0.89 ||1.40 ||+0.51 (57.30%) ||BUY ||ALLIANCE || |
|19/12/2013 ||0.91 ||1.15 ||+0.24 (26.37%) ||BUY ||ALLIANCE || |
|02/12/2013 ||0.93 ||1.33 ||+0.40 (43.01%) ||BUY ||RHB || |
|02/12/2013 ||0.93 ||1.15 ||+0.22 (23.66%) ||BUY ||ALLIANCE || |
stephenchuah Par value reduce is bad.. Don't know how much will it drop.. I bought 0.805... Ki chia Liao....
splendid_ignorance haha. chill guys. don't think azrb is a short term counter at this point. 2 weeks back, yes. but it has already risen quite significantly from the announcement of project. there is bound to be some consolidation in the short term.
par value reduction has been announced quite a while back. It should not have any impact on market price because it is merely an accounting treatment. stephen you bought at a high after the announcement and hence your position does not allow you to ride on the short term impact of the announcement.
the orders are all there. it will contribute positively to the bottom line and hence the share price eventually. in the short run, the share price has already moved from the news.
in the near term, i see two potentials that could move the price :
1)the potential upside from increased exposure due to the award of the contract
2)when the compensation from saudi project is actually received
AhMoi mid to long term may be ok if the management learned its lessons
however, even before the rights shares and warrants flooded the market the price already dropping... no need to rush in to buy now
wait and see, 0.74 could well be around the corner..
AhMoi 0.755 and looks like selling is still on
0.74 soon ? Yes? No?
stephenchuah Wat had happen Mar 27, azrb down for 0.200? I just started monitor this stock
fortunebullz Tomorrow if rebound sign of moving higher! If not, then downward pressure!
AhMoi I know the Wikipedia on par value reduction has been posted here before.. BUT
is AZRB with par value per share of 0.25 and market price at 0.74
EXACTLY THE SAME
as AZRB with par value per share of 0.50 and market price at 0.74
can kind souls who got it kindly explain in simple terms, tq
splendid_ignorance ahmoi. market wise the same. one of the main reasons ppl do a par value reduction is because they wanna do a rights issue at a lower price because par value is basically the lowest price that a company can issue. e.g. say the par value is 1.00 but for some reason the market price is 0.80. this company wants to raise capital using a rights issue but it can't issue at 0.50 or 0.60 (since rights issue is always issued at a discount to current market price). so in order to issue the rights issue, it has to do a par value reduction to 0.50.
in this case, the rights issue is at 0.50 which is the par value before reduction so this isn't the reason they went ahead with this. it is more likely to write off the loss in books as stated earlier