ABRIC BHD

KLSE (MYR): ABRIC (7061)

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Last Price

0.505

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


4 people like this.

1,289 comment(s). Last comment by Razali Husain 2024-04-19 10:19

GreenTrade

640 posts

Posted by GreenTrade > 2015-07-30 00:46 |

Post removed.Why?

Upmaster

158 posts

Posted by Upmaster > 2015-07-30 08:57 | Report Abuse

this one will burst today!

Khai Zam

420 posts

Posted by Khai Zam > 2015-07-30 11:51 | Report Abuse

very hard on resistance 0.63

Khai Zam

420 posts

Posted by Khai Zam > 2015-07-30 12:17 | Report Abuse

going to re-test?

lextcs

1,961 posts

Posted by lextcs > 2015-07-30 14:25 | Report Abuse

wah...didn't know mwong3 starting to promote this fella

dusti

2,404 posts

Posted by dusti > 2015-07-30 17:32 | Report Abuse

Siapa kena goreng?

yahoo1999

85 posts

Posted by yahoo1999 > 2015-07-30 17:51 | Report Abuse

double top

Khai Zam

420 posts

Posted by Khai Zam > 2015-08-04 08:16 | Report Abuse

what is immediate support?

yahoo1999

85 posts

Posted by yahoo1999 > 2015-08-04 23:58 | Report Abuse

0.50

Posted by nsyee28282828 > 2015-09-02 19:01 | Report Abuse

mr Pui in action, so sign to buy now?

yahoo1999

85 posts

Posted by yahoo1999 > 2015-09-20 15:49 | Report Abuse

TP 0.78 just go go go...

Posted by Lim Soon Chai > 2015-09-22 21:51 | Report Abuse

请问有谁了解mr Pui收购ABRIC这么多股票的原因? 是有新业务要注入ABRIC吗?

yahoo1999

85 posts

Posted by yahoo1999 > 2015-09-23 20:12 | Report Abuse

Uncle Pui and Mdm Diana Chua are the solid independent investors whom owned substantial stock for many quality PLC like Analabs, LTKM,NHF,BOX PACK BHD,CMSB&etc...

Posted by Lim Soon Chai > 2015-09-24 12:03 | Report Abuse

他持很多公司的股票, 1)但是他似乎不爱炒股, 2)他持其它公司的股票巴仙率远比持ABRIC少,ABRIC股票近20%, 有否表示可能有业务要注入ABRIC? 3)或者预先知道ABRIC的新业务深具潜能, 要不然为何会在ABRIC没有业务阶段大量买进?

Posted by nsyee28282828 > 2015-10-06 16:16 | Report Abuse

Mr Pui buying more Abric Shares!! any good news?

kakashit

1,472 posts

Posted by kakashit > 2015-10-17 10:50 | Report Abuse

i oso dunno, haha, but he seems like a passive investor, not like Lim Pei Thiam who will get involved into the board and perform corp exe

Anyway, now Abric is literally a spac, need to spot a new biz or else cash needs to be distributed back, or it can be a rto target.

Maybe u really need some patience to reap the fruit.

at now, there is really not much biz oppo, if u dare to touch prop or O&G, i guarantee the sp sure drop

Kucimiao

141 posts

Posted by Kucimiao > 2015-10-17 10:55 | Report Abuse

Heard they are eying education.

yahoo1999

85 posts

Posted by yahoo1999 > 2015-10-17 13:20 | Report Abuse

No hurry..just waiting for another angpow coming..this time will be
much bigger!

yahoo1999

85 posts

Posted by yahoo1999 > 2015-10-20 18:36 | Report Abuse

Abric chart formed Cup&Handle ..

yahoo1999

85 posts

Posted by yahoo1999 > 2015-10-23 17:29 | Report Abuse

Anyone here who don't want to hold this counter pls sell to Uncle Pui @0.545!

Khai Zam

420 posts

Posted by Khai Zam > 2015-10-27 09:28 | Report Abuse

how to sell directly?

yahoo1999

85 posts

Posted by yahoo1999 > 2015-10-27 09:30 | Report Abuse

sell at open market...

Posted by birkincollector > 2015-10-27 15:27 | Report Abuse

something is brewing

Khai Zam

420 posts

Posted by Khai Zam > 2015-10-30 15:48 | Report Abuse

notice big transactions...is there something?

Posted by Lim Soon Chai > 2015-10-30 22:43 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4905861 请问有人知道ABRIC的新业务是什么吗?

Posted by nsyee28282828 > 2015-11-05 15:01 | Report Abuse

very little we know on their next move, anyone can reveal a bit?

imbaian

81 posts

Posted by imbaian > 2015-12-05 00:10 | Report Abuse

dead

Posted by nsyee28282828 > 2015-12-07 15:38 | Report Abuse

Mr Pui still buying?

Posted by nsyee28282828 > 2015-12-07 15:39 | Report Abuse

any changes on the cash per share?

here

37 posts

Posted by here > 2015-12-08 10:16 | Report Abuse

ABRIC BERHAD

Particulars of substantial Securities Holder

Name MR PUI CHENG WUI

Acquired 30 Nov 2015
270,000

Acquired 01 Dec 2015
101,000

Acquired 02 Dec 2015
137,000

Acquired 03 Dec 2015
440,200

Acquired 04 Dec 2015
765,000

Circumstances by reason of which change has occurred Purchase in Open Market
Nature of interest Direct
Direct (units) 31,924,500
Direct (%) 22.719

yahoo1999

85 posts

Posted by yahoo1999 > 2015-12-08 10:36 | Report Abuse

Yes..anyone don't want to hold Abric pls sell to Uncle Pui...LoL

Posted by nsyee28282828 > 2015-12-21 15:43 | Report Abuse

core business finalised soon?

Posted by nsyee28282828 > 2015-12-28 18:41 | Report Abuse

Abric under selling pressure today, time to purchase more?

kakashit

1,472 posts

Posted by kakashit > 2016-01-05 11:06 | Report Abuse

could be a RTO target

Posted by nsyee28282828 > 2016-01-07 19:32 | Report Abuse

51.5 is good entry point again, I believe

Posted by nsyee28282828 > 2016-01-18 09:35 | Report Abuse

Material announcement today
good news or bad news?

yahoo1999

85 posts

Posted by yahoo1999 > 2016-01-18 09:52 | Report Abuse

Write a comment..:)

Posted by Don John > 2016-01-18 13:20 | Report Abuse

There sure something if not Mr. Phui not collecting...don't miss the boat..

yahoo1999

85 posts

Posted by yahoo1999 > 2016-01-18 14:55 | Report Abuse

Angpow coming!

Posted by FaithTrader > 2016-01-18 15:27 | Report Abuse

More dividend payout or RTO???

Posted by nsyee28282828 > 2016-01-18 19:46 | Report Abuse

Hi guys this company worth how much?
tomorrow how the shares price will react?

Explode

1,171 posts

Posted by Explode > 2016-01-18 19:57 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/01/18/abric-plans-cash-distribution-of-43-sen/

Monday, 18 January 2016 | MYT 7:10 PM
Abric plans cash distribution of 43 sen
BY JOSEPH CHIN

KUALA LUMPUR: Cash rich Abric Bhd plans to distribute 43 sen a share totaling RM63.90mil to its shareholders under a corporate exercise which will lead to its delisting from Bursa Malaysia Securities.

Abric, which is a Practice Note 16 company, had on Monday proposed a capital reduction and repayment exercise and a special cash dividend.

On Dec 16, 2014, the company was classified a cash company after it had received substantial cash proceeds from the sale of its entire core business.

Since then, Abric had been actively trying to identify suitable business opportunities to regularise its condition.

It said Bursa Securities had given it up to June 10, 2016 to submit a regularisation plan to the Securities Commission. However, the board had considered numerous business opportunities to regularise its PN16 condition and felt it was appropriate to distribute the company’s assets back to its shareholders.

“Accordingly, the proposed distribution and de-listing represents an expedient way to distribute substantially all the company’s cash reserves back to its shareholders pending completion of the winding-up process,” it said.

Abric said based on its paid-up capital as at Jan 15, 2016 comprising 140.51 million shares and 8.06 million outstanding warrants 2011/2016, the proposed distribution and de-listing will be up to RM63.9mil.

“The company intends to fund the proposed Distribution and de-listing through its existing cash reserves, including its cash reserves placed in the custodian account,” it said.

Trading was suspended on Monday and its last trading price was 51 sen.

Recall in its 2013 annual report, Abric noted that it was a leading security seal provider selling to 88 countries.

The company, established in 1983, has a patent for a security seal which was initially used for the plantation industry in Malaysia. The security seal design is now a global industry standard.

Posted by nsyee28282828 > 2016-01-19 09:25 | Report Abuse

Investors seem not welcome the move undertake by the BOD of Abric
Share price drop la...

ZhugeNemo

208 posts

Posted by ZhugeNemo > 2016-01-19 09:38 | Report Abuse

Just my personal Opinion
I value the Net Realisable Value at 61 sen
41 sen upon delisting and cash distribution expected Q2 2016 (Based On Announcement)
20 sen upon winding up of the delisted company.
there are only 2 assets one building and another property for investment purposes. I believe it will not be too difficult to disposed and convert to cash.
My estimation is all this should be done by Latest Q3
Prefer to Hold on rather than sell at the current price

kakashit

1,472 posts

Posted by kakashit > 2016-01-19 09:39 | Report Abuse

nta per share is 65cents, 43cents is the cash portion, will give back shareholders first since it is the most liquidity.

The rest of is made up 22cents ppe and investment prop, but it takes time to liquidize, so u would become a private limited shareholder when the co is delisted.

First time facing this kind of situation, anyway, i continue to avg down my cost at 50cents.

kakashit

1,472 posts

Posted by kakashit > 2016-01-19 09:41 | Report Abuse

for investment prop, it has facotry at Jln Meru Ipoh and shop at Soalris dutamas stated at book value of 15m, i guess it is at least worth 20m nowadays.

if the boss treats every shareholder fairly, then i should get something back.

Anyway, now im same boat with Pui chengwui

Posted by nsyee28282828 > 2016-01-19 09:49 | Report Abuse

shall Mr Pui object this proposal in the next EGM?
What about us as minority shareholders?

ZhugeNemo

208 posts

Posted by ZhugeNemo > 2016-01-19 10:21 | Report Abuse

I think Mr. Pui will go all out to defend his investment and just ride along with him. Seems like not much choice available to us as minority shareholders

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