Mid to long term wise, the future of the company is still very much intact. Actually, the deferment of the implementation of the contract does not seem to affect the company presently, as the existing revenue and profit has not taken that contract into consideration. Basing on the existing contracts on hand and its performance for the last two quarters (3Q and 4Q) of the last financial year, the EPS of 2.5 sen for each quarter and going forward to the new financial year, it is expected to record at least EPS of 10.0 sen (2.5 × 4) for the coming financial year. As such, the expectations are still much intact. Just be aware of the sharks that are lurking around....kakaka Another sen worth of my personal opinion and risks are yours to take as the money are all yours.
They say could be delayed because hiccup in pilling and foundation works. Could take 6-12mts. But they are not sure whether remedial has started and whether this will effect other phases of construction.
OTHERS AWC BERHAD Title of the Contract:- "Pengurusan Fasiliti Bagi Terminal Bersepadu Selatan, Bandar Tasik Selatan, Kuala Lumpur ("Subcontract") - Notification of Deferment of Commencement Date of Subcontract AWC BERHAD
Type Announcement Subject OTHERS Description AWC BERHAD
Title of the Contract:- "Pengurusan Fasiliti Bagi Terminal Bersepadu Selatan, Bandar Tasik Selatan, Kuala Lumpur ("Subcontract") - Notification of Deferment of Commencement Date of Subcontract 1. INTRODUCTION
Reference is made to the announcement released by AWC Berhad (“AWC”) on 9 June 2016 informing that AWC had on the same date received, accepted, and returned a Letter for Acceptance of Tender from the Government of Malaysia (“GOM”) for the facilities management of Terminal Bersepadu Selatan (“TBS”) in Bandar Tasik Selatan, Kuala Lumpur.
The fee for the maintenance of TBS is approximately RM130 million (including Goods and Services Tax) over the maintenance period of five (5) years. The Subcontract was supposed to commence on 1 September 2016, for a period of five (5) years, ending 31 August 2021.
The Board of Directors of AWC now wishes to announce that we have, on today’s date, received a letter from the GOM that the commencement date for the maintenance of TBS has been DEFERRED pending the resolution of certain operational and technical matters between the GOM and the existing contractor for TBS (“the Deferment”).
The letter from the GOM referred to above did not state the new commencement date for the Subcontract.
2. FINANCIAL EFFECTS
The securing of the Subcontract will contribute positively to the financial performance of AWC over the duration of the Subcontract. The Deferment of the Subcontract to a date to be determined later after consultation with the GOM is not expected to impact the overall profitability of the Subcontract except that the recognition of revenues and profits from the Subcontract will only commence from the final date of commencement.
OTHERS AWC BERHAD ("AWC" OR "THE COMPANY") - PROPOSED FINAL DIVIDEND FOR THE FINANCIAL YEAR ENDED 30 JUNE 2016 AWC BERHAD
Type Announcement Subject OTHERS Description AWC BERHAD ("AWC" OR "THE COMPANY") - PROPOSED FINAL DIVIDEND FOR THE FINANCIAL YEAR ENDED 30 JUNE 2016 The Company is pleased to announce that the Board of Directors of AWC has recommended a Final Single-Tier Dividend in respect of the financial year ended 30 June 2016 of 1.0 sen per ordinary share. The proposed dividend is subject to the approval of the shareholders of the Company at the forthcoming Annual General Meeting.
The entitlement and payment dates shall be finalised by the Company at a later date and announced in due course.
Together with the Single-Tier Special Dividend of 1.5 sen per ordinary share, which has been paid to the shareholders of the Company on 1 July 2016, it will bring the total dividend payout in respect of the financial year ended 30 June 2016 to 2.5 sen per ordinary share.
buy more. the project delay is due to issue between current contractor and government. nothing to do with AWC. just have to wait for the issue to be resolved asap. AGM is coming, they will announce more news soon.
But now half of RM500M book order in question. ...delay.
I think they know earlier about the postponement.....this is not one day decision....there are series of meetings....before they reached to the decision....very unusual...price rally during the period...unless somebody push it to dump. Last minutes announcement are not welcome!!
People said good or bad news tend to come in twos or threes....already two...hopefully no more.
Looks like the workings of sharks to push down the price to shake out the contra players and weak holders as well using the announcement of the delay of the contract commencement as an excuse. Overall the company performance and results are still very much in place and so are the expectations for the coming financial year. In fact with this drop in price, it offers a great opportunity to buy on weaknesses especially so for those mid to long term investors as the price will recover in due course.........kakaka. Just another sen worth of my personal opinion, risks are yours to take as the money are all yours.
If the final dividend of 1 sen is not enough, then start churning your DIY dividend. Have been lucky enough to have managed a few rounds already. Thanks to our Somchik, grand sifu of AWC who taught us that technique. Looks like, the sharks are offering that opportunity again..........kakaka
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....
Jeff Ooi Junwei
80 posts
Posted by Jeff Ooi Junwei > 2016-08-29 09:37 | Report Abuse
approaching support 78 cent