Ayam Tua, kikikiki kokokokokoko......... Yeap, EAH is the Goreng Darling i want to play on next Monday....
The RSI, MACD, STO, VOL Osc Chart indicators ARE All bullish supporting EAH, my TP is 0.250000 next week........ Goreng Goreng Goreng........kikiki, kokoko....
Look like going to hv similar trend. Move up to 0.19 when made d announcenent of rights and drifted bck to 0.17. Last two sessions move up to 0.19 when d date of meeting was announced. (Meeting on d 29/4) Will it drifted bck to 0.17 till d x-date is announced.
I have no idea what is the TP within the next few weeks. My intention of buying this stock was for long-term investment as i see good future potential with all the contracts being tendered out as well as high award rate of contracts. And most importantly, the current valuation is absolutely cheap for me to take a higher risk and park more funds into it.
For all i know it caught traders' attention on Friday's breakout but all i can say is i'm not here for a few cents gain and leave the game, but for a much longer term when it successfully acquire a company, or huge contracts start flowing in.
Hi AyamTua, I feel that EAH is a good counter to go in n if it can drop to around 17.5 sen will be a good price to go in. Will wait for tomorrow to see how it'll perform n then decide.
hahaha.....when the price hovering 16.5-17 sen....nobody want to buy/look....but when the price shot up to 19 sen....everybody started to give tp and hoping price dropped back to 17.....hahah
The RM0.10 right issue is based on the current market price which is average price @ RM0.19, so the mother share should be diluted to (RM0.19 + RM0.10)/2 = RM0.145.
However, the diluted value RM0.05 (RM0.19 - RM 0.145) might be compensated by the free warrant C. If WC quoted at 0.10 then you have will no gain no loss situation.
Normally I noticed that from most of the counters that had rights issue, their prices would normally drops after rights n I hope I'm wrong. I'll wait to accumulate when the price drops further. This is my opinion only. Trade at own risk.
share99 buy mother, midf research fair value 26 sen. hold for right issue for 1 to 1 at 10 sen. and free 1 warrant c for 2 right share. entitlement date to be determined later. warrant c excercise price 10 sen. warrant A exercise price is 40 sen. warrant B exercise price is 18 sen.
"MIDF said the fair value price is based on its belief that EAH is worth at least RM0.26, pegging its earnings per share of 2.8 sen for 2014 to price to earnings ratio of 9.1 times for 2014. It is a clean company with very little borrowing."
EAH: Its earnings growth ever since its listing had been spectacular, of which between 2010-2013, its earnings grew at a cumulated average growth earnings of 32%.
The growth is sustainable as EA’s clientele base is strong as it services the government, government-linked companies (GLCs), corporate and retail enterprises as well as financial sectors primarily banking institutions.
Its jobs-in-hand amount is currently (April 2014) RM103.6 million including a RM71.1 million job obtained from the Inland Revenue Board in 2013.
EA will be bidding for at least RM90 million in new jobs in 2014.
It is a clean company with very little borrowing.
EAH has already been identified by Forbes as one of the most promising small-cap companies in Malaysia. It was listed on Forbes Asia’s 200 Best Under A Billion List of companies within the Asia-Pacific region for 2011 and 2012.
Its market capitalisation is only RM70.2 million which is low for an IT growth company focusing on ICT services, software solutions and Radio Frequency Identification (RFID), access control systems and building automation system.
It plans to undertake a rights issue with free warrants to further reward shareholders while strengthening the company's mergers and acquisitions activities. Under the exercise, up to 635.9 million shares would be issued fixed at a par value of EAH shares of RM0.10 each.
EAH is also proposing to increase its authorised share capital to RM250 million from RM100 million as it moves into its next level of growth after a stellar year in 2013, which saw EAH posting record revenue and profits following four consecutive quarters of solid profits and securing two significant nation-building projects from a major government agency.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
SpeedyBoy
217 posts
Posted by SpeedyBoy > 2014-04-12 21:07 | Report Abuse
Opps, sorry WiseEye for the mis-communication.