A well schooled person knows technical and fundamental analysis and decides accordingly. An educated person pays attention to what is happening, feel for the vibes and follows accordingly.
It may do well for the schooled to get some education, and for the educated to get some schooling.
It is your money so look after it well. Risk/reward management produces better results. Emotional disturbance tends to spoil well laid plans.
Timing is important, so give time time.
Feel good, go to the mirror, smile at whom you see, and say 'I love you and I trust you' to that person in the mirror.
Haha ... Hold on friends. Your waiting will be over not too long from now. EGM tomorrow 16th July. The share price is being press down so that the issue price can be low and just at 20.0 sen. After the approval granted, and ex-date is set, it will start moving up, my TP 30.0 sen before ex.
setia2u: last time you set a TP for IDEAL @35.0, and I followed you, thanks, I made some money. In fact, IDEAL's price really stays around 35.0 sen even until now. So now, what about AHB now, target price? Hope you can share.
there's range to explore... 0.220-0.280 ... it wont go beyond that at least for now by noticing the absolute patterns... look into it .. study when drop when up...
(16 March 2014) With the approval of right issue proposal from shareholders to raise capital, the office furniture maker AHB will put priority to settle bank loan, expecting to leave PN17 status as soon as possible.
The company proposed a right issue of up to 106,60,796 new ordinary shares of RM 0.20 in AHB shares on the basis of 2 rights shares for every 1 existing AHB share, expected to raise between RM 1,525 million to RM 2,134 million.
The company also proposed to issue up to 71,127,197 free detachable warrants on the basis of 2 new warrants for every 3 right shares subscribed by the entitled shareholders.
Yong Yoke Keong, who is a CEO and managing director of AHB said to media after EGM, “After settle off the bank loan, our bank debt should be reduced to less than RM 5 million.”
After stabilized the balance sheet, he expects company will have a working capital ranging from RM 3.3 million to RM 9.4 million net cash (depends on the shareholder’s subscription rate).
“By then, we will focus on internal growth and strengthen existing market development.”
By now, the overseas market accounted for 85% of revenue, the remaining 15% comes from the contribution of the local market.
The company plans to foray into foreign’s upstream market by the end of June next year (new fiscal year), with the first target on the world’s second biggest population country – India.
In addition, Yong Yoke Keong responses, the company does not ruled out the possibility of merger and acquisition to accelerate the business development, hoping to enhance shareholders value.
Dividend policy under discussion
Yong Yoke Keong says, the current order books of AHB are enough to support the next quarter’s earnings visibility.
As its third quarter ended March 31, 2014, the company recorded a profit of RM 168,000, an increase of 22.6% q-o-q, revenue fell by 18.6% q-o-q, to RM 3.2 million.
Yong Yoke Keong said, in order to stabilized the balance sheet, the company will not distribute dividends in current fiscal year.
But he has promised that he will discuss and implement dividend policy to reward the support of shareholders.
Looking at the rights issues proposal, for every existing 1000 shares will entitle to 1333 warrants, wow... this warrant itself already worth more than 10.0 sen.
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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....
Superman88
500 posts
Posted by Superman88 > 2014-07-05 13:10 | Report Abuse
winner24, why monday? when can hike price