ARBB is not forming cup & handle anymore, maybe is double bottom.. With such pattern, i strickly advised all investors exit or Cut loss.. Dont touch this counter anymore..
This is an one man show counter, no other big investor are allowed to come in here to earn big money except for Dato Liew alone can earn big money.. and yet Dato Liew only allowed conversion of PA to make the price down.. No matter how much money u all invested here definitely got no power to push up the share price, because Dato Liew is not going to dump money inside to push the price up.. With such a stingy operator,my advice is better run away!
Why so many people is saying AVOID this company? Is it BECAUSE TOO GOOD TO BE TRUE?
Profit up but NEGATIVE CASH from operating activities in 4 QUARTERS recently? Untung 4000% recently but not RM1.00 cash received? Good companies have good positive cashflow.
LOSS-MAKING Timber business suddenly become profitable IT business? All within 1 year! Why not pay dividends to attract more investors?
The dangerous part --- Receivable very high, if can't collect from the clients, would become impairment loss .... is possible also fabricated transactions, hv good business, BUT ..... :-(
U know what? I'm gonna throw u guys a banana every now and then...
Do your careful research on ARBB. Out of 35mil 2019 profit, 40+mil from increased trade receivables. Operationally, ARBB is ACTUALLY operationally deficit by 4-5mil.
When these trade receivables are written off, then the "profits" will vaporize.
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Elephfunk
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Posted by Elephfunk > 2020-08-20 17:31 | Report Abuse
only half of the share enter market , price already drop , if another half enter will back to 30 sen. this what i am thinking.