Bro tasked n bro mod shuck,I strong agree wt u all bcos nobody can predict future,bro is not god.everybody can share their view n we must hv our own thinking too.right?
Please calm down ya. Sad to see everyone here blaming and quarelling.
See, we are all human. All of us must share and be responsible. Please stop arguing and quarreling. At the end of the day, we all just hope that our investment makes money for us. And If we can share and make another person happy, why not share.
alright peace.... I guess i dont want buy this share right now, Normally 1 month before GE share price will up. Becaause they wanna make the finally push to earn something before GE but i dont think Amedia will up, because the big players just left it. Unless they still holding a lot of Amedia shares. But obviously they are selling. Unless there is good news released, that will be another story. Otherwise im pretty sure Amedia will be lower than Rm0.30. lets wait nd see... k, Good luck for all that bought it.
base on FY11 EPS 0.0676 , PE below 5 base on 0.31, FY12 EPS up 20%to 0.08, PE below 4 base on 0.30, good price can go in with fair value >0.30. 0.31, is my forcus. i still hold since last year, aveg. price 0.33. The only this counter no dividend not good to shareholder.
So, my friends, buy & hold for a few months & see your investment grows. Once Amedia is in the main board, fund managers can qualify to have it in their portfolios. BTW, Amedia is cash rich too to a tune of more than $12 million. Now NTA stands good at 26 cents, PERatio a perfect low of 4.8, EPS excellent at 6.8 cents.
ASIA MEDIA GROUP BERHAD (“AMEDIA” OR “COMPANY”) (I) PROPOSED TRANSFER OF THE LISTING FROM THE ACE MARKET TO THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”); AND (II) PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION OF AMEDIA TO FACILITATE THE IMPLEMENTATION OF THE PROPOSED TRANSFER LISTING.
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INTRODUCTION On behalf of the Board of Directors of AMEDIA (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that AMEDIA proposes to undertake the following: (i) The proposed transfer of the listing and quotation for the enlarged issued and paid-up share capital of AMEDIA from the ACE Market of Bursa Securities to the Main Market of Bursa Securities (“Proposed Transfer Listing”); and (ii) The proposed amendments to the Articles of Association of AMEDIA to facilitate the implementation of the Proposed Transfer Listing (“Proposed Amendments”) (The Proposed Transfer Listing and Proposed Amendments and are collectively referred to as the “Proposals”.) 2. DETAILS OF THE PROPOSALS 2.1 Proposed Transfer Listing The Company proposes to transfer the listing of and quotation for the enlarged issued and paid-up share capital in AMEDIA of up to RM25,080,000 comprising up to 250,800,000 ordinary shares of RM0.10 each (“AMEDIA Shares”) (after taking into consideration of the existing 228,000,000 AMEDIA Shares and up to 22,800,000 new AMEDIA Shares to be issued by way of private placement which has been approved by Bursa Securities but pending implementation) from the ACE Market of Bursa Securities to the Main Market of Bursa Securities. Pursuant to the profit requirements for the listing on the Main Market of Bursa Securities as set in the Equity Guidelines issued by the Securities Commission (“SC”), a corporation which is listed on the ACE Market of Bursa Securities may seek a transfer listing to the Main Market of Bursa Securities if it meets the profit requirement of uninterrupted profit of three (3) to five (5) full financial years, with an aggregate profit after tax (“PAT”) of at least RM20 million and a PAT for the most recent financial year of at least RM6 million. AMEDIA and its subsidiary companies (“AMEDIA Group”) has achieved an aggregate audited consolidated PAT of approximately RM28.65 million over the past three (3) financial years ended (“FYE”) 31 December 2009 to 2011, and an audited consolidated PAT of RM15.01 million in respect of the most recent FYE 31 December 2011. As such, the Company has met the uninterrupted profit track record requirement for the transfer listing to the Main Market of Bursa Securities. The profit track record of the AMEDIA Group is set out as follows:
RATIONALE FOR THE PROPOSALS 3.1 Proposed Transfer Listing The Proposed Transfer Listing is expected to enhance the AMEDIA Group’s prestige and reputation, and accord the AMEDIA Group with greater recognition and acceptance amongst investors, in particular, institutional investors. In addition, with the profile of a company listed on the Main Market of Bursa Securities, the Proposed Transfer Listing is expected to lead to greater recognition and confidence to the AMEDIA Group’s customers, suppliers, business partners, bankers, employees and shareholders.
EFFECTS OF THE PROPOSALS The Proposals will not have any effect on the issued and paid-up share capital, substantial shareholders’ shareholdings, net assets, earnings, earnings per share and gearing of AMEDIA Group.
APPROVALS REQUIRED The Proposals are subject to the approvals being obtained from the following: (i) the SC for the Proposed Transfer Listing; (ii) Bursa Securities for the Proposed Transfer Listing; (iii) the shareholders of AMEDIA for the Proposed Amendments at an Annual General Meeting to be convened; and (iv) any other relevant authorities, if required. The Proposed Transfer Listing and the Proposed Amendments are inter-conditional to each other.
APPLICATION TO THE AUTHORITIES The application to the relevant authorities on the Proposed Transfer Listing is expected to be made within two (2) months from the date of this announcement.
Valuation & Recommendation Reiterate Buy recommendation with revised target price of RM.051 based on 5x FY12 PER. The target PER expansion is warranted given the stock’s aggressive growth prospects from government’s upgrading of the public network system, expansion to new modes of public transport and greater advertiser demand with introduction of live broadcast.
Yes, brother Eagle95, first apply for transfer to the main board & normally by the 3rd quarter of 2011, Amedia will be transfer to the main board baring any unforseen circumstances.
Maybe because of rumors that Amedia buy assets using large amount of money...people thought it's mismanagement...all sacred & chabut like mad..this are some of the tricks used in the market.
Brother kihoshi , wah you got a good appetite...let's hope that that TP is reachable. Today good support in buying presumably because of the announcement that Amedia is applying to transfer to the main board. Buyig percentage is high too at 65%. Today is only the 1st day of the announcement & are we to see Amedia going higher? So keep our fingers crossed & hope for the best my friends.
Saw many kakis sapu in very large lots at a higher price...so are we to presume that these kakis are hoping to aim high too?
Cheers to all & good luck be with you all too....may the GOD OF FORTUNE smile o you too.
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....
Mohd Shuk
725 posts
Posted by Mohd Shuk > 2012-03-23 23:11 | Report Abuse
Mr tasoke saya setuju. Sini banyak orang action la. Kamu baik la