Fajar got a lot of activities recently. (1) receive a contract from KLIA2 worth RM13.74mil. (2) RM6mil to purchase a timber company in Pahang. (3) RM20.6mil to purchase 3 pieces of land in Victoria, Australia for property development. (4) receive a contract from ECERDC worth RM49.1mil. (5) going to tender projects in LCCT and KLIA. Currently outstanding contract in hand worth RM501mil.
Hmm, I went through some of the reports and articles on this. Seems good to me. They went through a rough patch, but I think the next one year or so from now, would be an entirely different thing. Look at the construction and property development projects lined up, the improvement will come rapidly too. In the past construction projects featured prominently in their revenue, but this time, property development (plus timber, etc etc) will come into the limelight. The difference between the two is that, property development are planned and approval duration are more accurate to predict than construction projects, I think. Other comments welcome, lets discuss, and see if this merit our attention. thx
Attn: Firebird2, Fajar Financial Director, (who is key responsible for the timely disseminate of financial reports to all stakeholders) had personally effected the disposal of most of his shareholding from 28-10-2013 to 24-07-2014. Current Remaining leftover stock is merely 16,900 units (ie. 0.008%). Disposal price range from RM0.60 to 0.625. His cost of acquisition is RM0.52. Please figure out yourself, The entitlement date shall be released next fortnightly, why not he effected more acquisition to qualify for such entitlemental Rights rather than effected absolute disposal !!!!! Might it be this Financial Director has factored something "bad" ahead of the crowds????? Previous Corporate Exercise, cash call cum WA issued in year 2008-2013, what is the end result, * Bear Trap* our forumers, yipgusing etc had commented truthfully......Investors Beware!!!!
Firebird2: Current market functions on penny, 2nd & 3rd liners with volatility, it is the so called market trend & sentiments, the choice is yours whether to follow market trend dynamics or otherwise. One frank advice, never buy "turkeys" stock to invest.
Another opportunity in rights issue not to be missed. Based on 62.0 sen, ex-rights will be 58.0 sen, then it might be adjusted to around 56.0 sen by market force but over the long run, it will move back to 60.0 easily, but you entitle for 1 rights with 1 free warrant. The warrant is worth around 15.0 sen to 20.0 sen easily. For that, the OR shall be listed at above 15.0 sen, so figure out yourself, you only stand to gain! Cheers!
Really appreciate if setia2u could explain a bit more, how u estimate the 56sen, 15sen. I believe many will appreciate your knowledge in this area. Pls lets us learn from you.
IBJ181 - It is better for you to subscribe for the shares and get the free warrants. closing date is 5.00 pm thursday 18.09.2014. If you are using the envelope provided, make sure that you write/paste the address in the form (DO NO USE THE PO BOX AS IN THE BROWN ENVELOP PROVIDED - FOR ORDINARY POST ONLY) if you are using courier or delivered by hand.
Actually i only purchased the fajar OR around 2-9-14 through HLE but not the Fajar. So basically my fajar or is becoming toilet paper and nothing I can do about it? Please guide me through. Thanks
Can i subscribe the share through HLE platform? Or do i Need to subscribe through post? I currently still holding 10000 unit of fajar OR share. How much should I pay to subscribe my ordinary right to mother share? Please advice.
IBJ181 - you can subscribe for 10,000 units of Fajar @ 50sen per share (Total RM5,000). You get 10,000 Fajar shares and 10,000 warrants. Phone HLE or go to any stocking firm for guidance and to get the application forms and envelopes. My adivise to you is to sent it by pos laju or if you live near Symphony house in PJ by hand. Then you must change the address on the envelope given. The address on the envelope is for you to send by ordinary post only as it is a PO box address. Don't forget to stick the RM10 duty stamp on the space provided. Write your name, address and CDS no. on the reverse of the bank draft/ bankers cheque. All the above in on the application form so better read them thoroughly. good luck.
yes. complete page 2 with your signature and RM10 stem duti (can buy from the pos office). Remember to change the address on the envelope even if you hand in personally.
I think only the RSF is important. The other 2 pages are for you information and instructions to follow. Beginner - if you never send back the forms means that you didn't purchase the shares allotted to you. So you might as well sell the OR if it is more than your brokerage etc.
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Gaban Hafiz
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Posted by Gaban Hafiz > 2014-07-23 11:12 | Report Abuse
heard that something brewing about ECER ( east cost corridor ) ..