Don't waste your money, got 75 mil contract it drop, change CEO from Sillicon Valley also drop..... You think win lawsuit (IF THEY WIN) will it fly? DREAM ON.......
This is a rubbish stock that doesn't react to the catalyst, downtrend stock and heavily rely on govt ....... "The strong cash position" & majority of the profit is mainly due to disposing their assets......
"The Company wishes to announce that the Kuala Lumpur High Court vacated the hearing of the Originating Summons scheduled on 8 December 2021.The next hearing dates will be held on 11 and 14 March 2022 as previously scheduled by the Kuala Lumpur High Court."
They can't brush this aside. Sooner or later they will have to be liable for the compensation. It has already got the company into financial difficulties where they are required to lodge a monthly report on a regularisation plan with Bursa.
So I was right, they do press telling the public on how bright their future is, on the other hand insider is selling... If such good prospects why they sell?
Kawan, Mr Chan has about almost 1.9 unit and he just sold 170k la. maybe he needs money. why goyang. chill and wait for the show la. Everywhere you go and comment. Ini malaysia mah anything is possible..
So what's the show? If you notice the volume dying after insider sold, and all these announcements only come few days after their disposal who knows more insider selling
Friend, most glove counter owner also sbb their share price at peak. did the counter shoot up ? don't buy and sell based on director activity la plus, i don't think many short term trader in this counter anymore.
I think that's the main problem of this counter... The price react like the company is depending on the compensation to survive... But you know they're suing the GOM which may takes years to resolve... There's still a case management after 2 to 3 years into the lawsuit... Price did not react even there's good earning and huge contract.. What if they drag again??
Thanks EVO118. Of course, we can't rely on the compensation only to survive in the market. Having a huge pile in bank is not necessary the company will do well but we need more project and less expenditure to get the company keep going.
I just don't see this company doing well in term of cloud service. They had alot of engagement with Google and other yet nothing positive from their side. Let see after 1st April and looking forward to it.
The never ending saga of Awantech. How do they manage to get away doing this? Why can't they just get into it and make a decision. Are the GOM going to pay interest in compensation for the additional lost time should the court case goes against them? Surely there must be a valid case for lost opportunity cost due to actions of the GOM in consistently postponing this.
We refer to our announcement dated 15 April 2019 and series of subsequent announcements thereafter in relation to the legal proceedings by PSKIN against the GOM.
The Company wishes to announce that the Kuala Lumpur High Court today fixed the next case management date on 11 April 2022.
The Company will make the necessary announcements on material developments in respect of this matter from time to time.
This announcement is dated 28 March 2022.
How the hell they manage to postpone, seriously something wrong here!!!!!!!!
It was ONLY suppose to be a case management not a full court case. They only need a court registra ( no judge ) with both sides of the litigation to hammer it out to see if they can come to an agreement or need to settle it in court with a judge.
A case management is an alternative to getting an out of court settlement. In the event it does not happen then we will get the long process of a court hearing before a final decision as well as the amount to be determined if needed.
We refer to our announcement dated 15 April 2019 and series of subsequent announcements thereafter in relation to the legal proceedings by PSKIN against the GOM.
The Company wishes to announce that during the case management held today, the next hearing date has been scheduled on 4 July 2022 in respect of PSKIN’s application to hold a discussion between costs experts.
The Company will make the necessary announcements on material developments in respect of this matter from time to time.
Seriously, i have no comment on this but there are few things can be done to hasten the process.
1. They should get the verdict first before they evaluate the cost for the compensation. It is pointless for them evaluating without having a final judgement.
2. I feel these people really dragging and aint giving shit to this company.
@software guy, i don't think it would drop below 0.50. It would touch 0.510(maybe) but i doubt it else hovering around 0.545 only.
This company balance sheet is very healthy and they could just survive with it only. Besides, they EPS back to normal and if it improves along the way, by all means those holding it would be rewarded.
Just look at this 2 figures and keep some cash for emergency fund. Don't forget aite. All the best. <3.
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....
skullstock
177 posts
Posted by skullstock > 2022-01-08 22:46 | Report Abuse
collect enough already ... just waiting for it to ripe