Bad company YOY loss widen by 88 % . Sure drop some more. See you at 5 sen. Investors still holding , bye bye bye. Run , run , sell , sell... if not you sure will die one.
Stock With Momentum: AbleGroup TheEdge Mon, Sep 18, 2017 - 6 hours ago
AbleGroup Bhd (+ve)
SHARES in AbleGroup Bhd (valuation: 0.9/3, fundamental: 0.8/3), which triggered our momentum algorithm for the second time this year, closed unchanged at 14 sen last Friday, with a market capitalisation of RM36.95 million.
The counter saw some 19.53 million shares traded, over nine times its 200-day average volume of 2.07 million shares.
Last Thursday, Parallel Pinnacle Sdn Bhd, the private vehicle of AbleGroup’s managing director Datuk Lim Kim Huat, made a conditional mandatory takeover offer for the company’s shares at 13 sen a share.
Parallel and persons acting in concert, who collectively hold a 43.97% stake in AbleGroup, intend to maintain the listing status of the company, which has been loss-making in the financial year ended Dec 31, 2015 (FY15) and FY16.
AbleGroup made RM248,000 in the second quarter ended June 30, 2017 (2QFY17) from RM3.51 million in revenue, thanks to the completion of three building material projects in 2Q. Subsequently, its net loss in the first half of 2017 (1HFY17) narrowed to RM62,000, from RM405,000 previously, despite revenue declining 8.5% to RM5.02 million, from RM5.49 million in 1HFY16.
Based on my own calculations NTA of Able should be more than 20cts based on its jewel development land in Mt Kiara purchased in 2012 which has appreciated sustantially....so 13 cts is cheap also considering backing by strong management team under Datuk Allan Lim.
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....
mh87
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Posted by mh87 > 2017-05-17 16:15 | Report Abuse
Not yet..