sudah cakap loh.. mana itu orang yg dulu kutuk counter AHB? ASB baru ja 0.250 .. AHB 0.265 .. loh... aku sudah cakap ini AHB memang bagus punya.... wa sikalang makan abalone loh.. kikiki
Tom BODOH AYAM TUA, GUA SUDAH UNTUNG ASB. NIH AHB CIAK SAI 20/05/2014 00:03
Ayam Tua, near the Sungei Besi Toll,I saw a big signboard that advertised AHB as being the developer for the condominium project,does it refers to this company?
AHB wishes to announce that AHB and AHB Technology Sdn Bhd (“AHBT”), a wholly-owned dormant subsidiary of AHB, have yesterday received two (2) letters of demand from CIMB Bank Berhad (“CIMB”) for claims to the sums of RM2,414,554.90 and RM800,447.09 respectively (“Default”).
Reason for Default
AHB and AHBT have been facing continual cashflow constraints in the past few years, and hence are unable to service the repayments of borrowings to CIMB.
Measures taken to address the Default
The Company is in the midst of implementing a proposed rights issue of shares with warrants, (“Proposed Rights Issue of Shares with Warrants”) which has been approved by Bursa Malaysia Securities Berhad on 12 June 2014, and part of the proceeds to be raised will be used to settle the borrowings from CIMB.
Financial & Legal Implications of the Default
The Default is more than 5% of the net assets of the Company based on the latest Audited Financial Statements for the financial year ended 30 June 2013.
There will be no impact to the business and operations of AHB arising from the Default.
Solvency Declaration
The Board of Directors is of the opinion that AHB is solvent and will be able to repay its debt obligations provided that AHB is able to complete the Proposed Rights Issue of Shares with Warrants.
Further announcement(s) on any material development on the above will be made in due course.
just confidence with the management. looking at how the company has pare down its debts, fulfil those profit guarantee even though the Company in debts.. etc. With the white knight coming, the Company future will be going better and better. and I have been following this counter for 2 mths.. I collected at 0.2-0.24 .. cos in the aim I just aim for 100% profit
AHB is healing from damage experienced in the past. After the exercise, debt will be close to zero with no more interest payment. NTA will rise to >17 cents. White knight has very good turnaround record with Mercury and Ecofirst. Both have their prices rise 3-4 times after White knight started to manage them and are now giving dividends of 8% with P/Es < 10.
AHB is the first company White knight controls by majority share. Operational framework has been restructured by closing AHBT and moving the staff to marketing. There are many other evidences that AHB is a good bet.
Speculating opportunities may be available with the rights exercise, however investing opportunities is in the now. AT and ronaldo1103 seem very confident in AHB and I silently agree with them.
This is the part ( I append below ) I am concerned ?
Solvency Declaration
The Board of Directors is of the opinion that AHB is solvent and will be able to repay its debt obligations provided that AHB is able to complete the Proposed Rights Issue of Shares with Warrants
unquote
My question : What if the rights issue with warrants exercise is not successful ?
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alexling
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Posted by alexling > 2014-06-17 16:14 | Report Abuse
Tomorrow ll be new higher price.