morning tj! aiyo ini wtk. sudah lama stuck sana oh

stephen. like i said, there will be no impact theoretically on the reduction in par value. it is a balance sheet adjustment.

i am in it for the medium term. am not aware of your risk preference or the kind of term you are looking at. i personally think it will be difficult to breach the 0.75 target but that's just my opinion. set your cut loss target if you are worried

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

hi matrix. good run by orna today. reckon it can break 1.30 tmr?

if you have the time mind looking at k1? it is holding well at 0.325 - 0.33. abit of volume with price movement today. have a feeling it can run up for the next few days. penny for your thoughts?

good run

anything is possible haha. a medium term play

aiya go down to 0.325 again i buy haha

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

well. the loss was from the saudi affair of which the court has already granted them a compensation.

hi stockraider. thanks for sharing. am holding a few azrb-or. how much do you think the warrants will be priced at listing? theoretically it is in-the-money with exercise price of 0.70. given it's long period to expiry I believe it should trade in the range of 0.20 - 0.25.

On cliq ya i believe there is not much downside to it at this level with the guarantee of 0.675. that said, market talk wise I believe sona's mgmt has a better reputation - hence ppl are betting that QA will come to them first.

breaking out of 0.40 is abit optimistic on the back of a lack of news and poor historical results so far

dato gan filed with bursa to trade on the stocks though so that might be an indication on something brewing

not that i'm aware off. might be just another cycle after breaking thru resistance. that said quarterly report might be due. previous few reports quite unfavourable so maybe a turn around. however pure speculation at this point

morning everyoneee. skpres macam ada action

hooo....something's up

thanks sephiroth and matrix. noted. am aware that it has a history of trapping ppl with fake rebounds.

FA wise despite its strong cash position, its over-reliance on dyson is quite a concern. will monitor more. thank you all

thanks bro matrix. if you have some spare time mind taking a look at skpres. it has been trapped at the 0.33 range for quite awhile but recently broke the resistance. it has a history of going back down to 0.30 everytime it hits 0.33. this time is different with sustained collection everytime it goes up. it is now at 0.345. more room to go up? it's financials have been not favourable the past few quarters with dropping margins but it seems that the share price is suggesting a potential good financial this quarter. or could it be just manipulation before a bad financial result.

haha. cosmetics ma. u open azrb's balance sheet now see the accumulated losses so big also u have bad perception of azrb eventhough it is intrinsically sound. after doing this people look at balance sheet numbers all very nice

quote wiki
"Par value stock has no relation to market value and, as a concept, is somewhat archaic. The par value of a share of stock is the value stated in the corporate charter below which shares of that class cannot be sold upon initial offering; the issuing company promises not to issue further shares below par value, so investors can be confident that no one else will receive a more favorable issue price. Thus, par value is the nominal value of a security which is determined by the issuing company to be its minimum price. This was far more important in unregulated equity markets than in the regulated markets that exist today.[why?] The par value of stock remains unchanged in a bonus stock issue but it changes in a stock split."

for orna*

hi matrix, do u think a minor correction will be due before it moves up to TP2?

bone. more to run or some correction is due?

theoretically the price has been adjusted after taking into account the dilution. that said, market might stil react when the shares are listed. as it stands azrb already has a huge order book. even if they do not get any new contracts, the existing ones will lead to quite significant earnings in the next year onwards.

par value reduction is a balance sheet treatment. The price will not drop any further. It is done to offset the accumulated losses the company recognised earlier. par value is just the value of the shares in the book. does not reflect market value at all. e.g. companies normally have a share with par value of 1.00 and can easily trade in market for RM2-3 or vice versa.

strong volume but people selling out at 0.11.

fortune any other counter to follow?

ahmoi..theoretically, your wealth before, in the interim period and after rights issue should be the same:
Before : 1 share worth 0.85 + 0.375 cash = 1.225
Interim period : 1 share worth 0.70 + 0.375 cash + x = 1.225
After : 1.75 shares worth 0.70 = 1.225

Solve for x = 0.15
So the value of the rights is 0.15

morning bro tj. anyone here monitoring orna? uptrend previous 3 days. although volume still quite small

Ahmoi..if assume cum-rights price of 0.85, theoretical ex price is (0.85+(6/8*0.5))/(1+6/8)= 0.70. Theoretical rights value without warrants is around 0.15. Given each rights will come with 0.5 warrant, the theoretical price of 0.5 warrant as it stands is 0.18 and 1 warrant is 0.36.

Ya. Agreed. The warrant should trade in the region of 0.30 and above given it is in the money. I think the previous few issuance of warrants wid rights issue ended up at 0.30 even when out of the money. Imagine the price of the or a week ago of 0.23 only

Technically u get 0.5 warrant cz it is a 6 for 8 rights issue wid 3 warrants

morning tj. haha i bought 1.30++ bbq around tht level before the downtrend. think can simpan la. volume coming good sign

high volume on insas

I tot the compensation done deal? Only waiting for it to be paid

haha yar possibly retrace to the 30 cents mark next few days haha

wa very long din pass 0.33 dee. good sign but lets see if it holds. collection around 0.33 for quite a few days already

lol someone in rhb must be making big bucks. issue downgrade. price fall den issue upgrade price increase.

haha prob cause it went out quite abit last week compared to salcon

whats ur TP for this fortunebullz

that was before rights issue though. it's already almost hitting before ex-rights price

bumi counter wid good political connection

http://www.theedgemalaysia.com/business-news/285572-flash-salcon-mmc-azrb-jv-awarded-rm994-million-langat-2-contract.html

Hoho. waiting for 2nd round to open

thanks bro duit. will read it in detail. real interesting

i am interested! lol

ooo...bro duit. do u think will retrace to 0.335 before going up to 0.38 or now good time to go in

if it trades sideways at the 0.325 - 0.33 range can still monitor as on previous few incidences, it will fall back to 0.30 whenever it hits the resistance of 0.33

good to buy now?

ho seh liao

wa tj banyak confident of e&o eh? congrats on the rise today.

wa 0.345

bro tj. u stil holding ur e&o? or bbq d. just got conditional approval