Monitor the outcome of its submission to Nasdaq of AIGL listing. When this happens, fireworks can be expected. It will intrinsically affect the "mother share" price, if any logic of economics is applied
Highlights: 1] POSITIVE: Strong revenues growth at RM176.2 mil in Qtr ended Jun 22 which is +28% increase compared to Qtr ended Mac-22. Larry Liew reported that the strength is derived from IOT
2] NEGATIVE: The Rights issue at RM72.99mil raised on 17 Feb ’22 was fully invested/utilised by date June-22. This is unusual as it takes only 4 months to fully construct 200 glass houses for Hydroponics project with IOT devices. There is no further announcement, thus my humble opinion this is lack of transparency.
Await the latest audit report on this matter.
3] POSITIVE: Proposed listing for ARB-IOT (AIGL) division in NASDAQ with issue price at US$4/share. Listing between 9% to 25% of AIGL. This is huge positive as it captures investors excitement that AIGL division revenues grew from RM45million to RM470million between 2019 to 2022 which is 2300% increase or 575% increase per year!
Qtr 4 in 2022 will be interesting time to watch on how the listing will turn out.
4] NEGATIVE: Selling up to 25% of AIGL means less profits recognition for ARBB in exchange for unlocking values and still maintain managerial controls.
Disclosure: I am long on ARB Berhad and ARB PA and may decide to increase my shareholdings in next 96 hours.
4 months for 200 glass houses.... buy land also need 6 months for transfer, then planning and building approval also few months. if this is not a red red red flag, then i dont know what to say.
software no screen shot, now glass houses also no photo?
get ready for consolidation, PP and another rights issue and a name change.
On red flag, I will not go that far. Naturally, I will go hmmm... what does the accounts mean?
There are already contractors drawings in the prospectus. The Projects are based in Gua Musang, 80 green houses in Hulu Langat and 120 greenhouses in Semenyih.
this kind of company can go nasdaq, then there are many more 'legit' companies in bursa that can enter nasdaq too. arbb got what? software screen shot please.
previous commentaries were suspicious of ARBB increasing sales and screaming fake revenue due to high Account Receivables. But the recent quarter show a drastic drop in Account Receivables meaning a lot converted to cash. Outstanding AR is less than 60 days. Something new
ARBB fundamentals are still very strong & good,Low PE ratio & high net asset value...trading below net asset value & still making profit ,with increasing revenue.Low debt to equity ratio of 21%.
bout the condemn of accountant blahh blahh those people were trying to bring down the price further for them to enter with a cheaper price, not surprise this is operated by people with great intention :)
"flower wont stay red forever", there will be good and bad days in stock market and i think most of them are either bad or mehh days, need learn to be patient and stay low sometimes good days will always come
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....
bosskufanboy
1,441 posts
Posted by bosskufanboy > 2022-08-24 10:50 | Report Abuse
bossku effect coming in? bursa will close above 1500 ?