APFT is not a PN17 counter. I believe the price will go up soonest. I also bought this counter warrant at 13.5 cent & 0.095 cent. My TP for the warrant is 0.145 next week.
That's good news when bursa made a query. So we know current development. If no bad news incoming maybe will attract buyer inflow tomorrow. As usual hope for the best !
34sen should be the bottom price already. Once the query is answer by its director, price will rebound. Share price shpuld be able to trade in range 34-44sen
With two latest progress announce by APFT, i think its future should be promising.
1. APFT have granted approval from Civil Aviation of the Government of India has approved Asia Pacific Training Academy Limited as a flight training organisation at the Rajiv Gandhi International Airport, Shamshabad, Hyderabad, India for a period of one year with effect from 11 June 2013
2. APFT Engineering had received the Certificate of Approval in respect of the DCAM Part 145 approval ("Part 145 Maintenance Organisation Approval") from the Department of Civil Aviation, Malaysia. The Part 145 Maintenance Organisation Approval is an approval given or accredited by DCA to a Maintenance & Repair Organisation ("MRO"), which Organisation has met the Requirements and Standards set by DCA and also has passed the DCA Audit process for the same.
The terms of approval of the said Certificate of Approval include the issue of certificate of Release to Service or the furnishing of reports where these are required in relation to the inspection, overhaul, repair, replacement, modification and testing in accordance with approved manufacturer's manuals. The Part 145 Maintenance Organisation Approval is expected to contribute positively to the APFT Group’s earnings for the financial year ending 31 December 2013.
We refer to the query letter dated 22 July 2013 from Bursa Malaysia Securities Berhad (“Bursa Securities”) pertaining to the above subject matter. The Board of Directors of APFT Berhad ("the Board") wishes to confirm that to the best of their knowledge and after making due enquiry with the Directors and major shareholders, seeking the cause of the unusual market activity in the Company’s shares, is not aware of any factor which may have contributed to the unusual market activity, including the following:-
a) The Company is currently looking out for opportunities to improve our earnings base. At this point in time, the Board is in the progress of studying the proposals received. The Company will make the necessary announcements, where appropriate, to Bursa Securities upon materialisation of any proposal.
b) Save as disclosed above, the Board is not aware of any other factor which may have contributed to the unusual market activity, including the following:-
1. Any corporate development in relation to the Group’s business and affairs that has not been previously announced that may account for the unusual market activity including those in the stage of negotiation / discussion;
2. Any rumour or report concerning the business and affairs of the Group that may account for the unusual market activity; and
3. Any other possible explanation to account for the unusual market activity.
The Company will also make the necessary announcements to Bursa Securities of any material information in compliance with paragraph 9.03 of the Main Market Listing Requirements on immediate disclosure obligations.
I've call Mr Goh and according to him APFT have nothing unusual and in fact is working to secure new client for its recent DCAM Part 145 approval to increase its earning base. It also currently train 3 batches of cadet from Airasia
Increased activity in offshore work in the oil and gas industry in Malaysia provides excellent opportunity for the Group to offer trained pilots for leading providers of helicopter charter services such as Solaire Sdn Bhd, Westar Aviation Services and MHS Aviation Berhad who have reported shortage of pilots for their current operations and are looking to expand their charter services for this sector. To account for this expected increase in this business, the Group has placed orders for two new helicopters, Robinson R44 and R66 from the Robinson Helicopter Company, effectively confirming our commitment to expand the capacity of this business. The helicopters are expected to be delivered by Q2 2013.
According to unofficial source, APFT is now in the midst to direct participate in oil and gas industry by offering not only traning for helicopter pilot but also wan to involve direct in oil and gas logistic
APFT said to be diversifying earnings base PETALING JAYA: APFT Bhd, whose shares have been actively traded over the last few days, is looking at making an acquisition to diversify its earnings base, dealers speculated.
“The rumour is that it is mulling over venturing into oil and gas services by buying a small stake in a company in that sector,” said one dealer.
Shares in the company have been on an uptrend, rising about 1.7 times from 36.5 sen on July 15 to yesterday’s closing price of 63.5 sen. The average volume since July 15 stood at 2.4 million shares.
APFT’s shares rose 11 sen yesterday with 8.25 million shares traded.
The company had issued 78.5 million warrants recently on the basis of one warrant for every two existing ordinary shares held as at July 10, with an exercise price of 40 sen per warrant. The warrants will start trading today.
The company’s core business is providing training, education and services in civil aviation. It is the only authorised flight training organisation licensed by the Department of Civil Aviation Malaysia to conduct training for helicopter pilots nationally. Its substantial shareholder is Datuk Faruk Othman, the company’s executive chairman with a 47.68% indirect interest.
Dealers said that with the diversification, APFT’s earnings might bounce out of its loss-making position currently. For the first quarter ended March 31, it made a loss of RM2.55mil on revenue of RM5.18mil.
APFT said to be diversifying earnings base PETALING JAYA: APFT Bhd, whose shares have been actively traded over the last few days, is looking at making an acquisition to diversify its earnings base, dealers speculated.
“The rumour is that it is mulling over venturing into oil and gas services by buying a small stake in a company in that sector,” said one dealer.
Shares in the company have been on an uptrend, rising about 1.7 times from 36.5 sen on July 15 to yesterday’s closing price of 63.5 sen. The average volume since July 15 stood at 2.4 million shares.
APFT’s shares rose 11 sen yesterday with 8.25 million shares traded.
The company had issued 78.5 million warrants recently on the basis of one warrant for every two existing ordinary shares held as at July 10, with an exercise price of 40 sen per warrant. The warrants will start trading today.
The company’s core business is providing training, education and services in civil aviation. It is the only authorised flight training organisation licensed by the Department of Civil Aviation Malaysia to conduct training for helicopter pilots nationally. Its substantial shareholder is Datuk Faruk Othman, the company’s executive chairman with a 47.68% indirect interest.
Dealers said that with the diversification, APFT’s earnings might bounce out of its loss-making position currently. For the first quarter ended March 31, it made a loss of RM2.55mil on revenue of RM5.18mil.
my 1.5 cents says i can park to buy "the warrant" at 1.5 cents...,miracle? not sort of...just the twins, by the way..i should just call this lousy warrant as "it"..not "the" , don't forget this shit open at holly cow 24.5 cents on friday 19/07/2013 with volume at 171,333,200 !!!!!!!!..., on monday 22/07/2013 the range was 9 to 10.5 cents , and today 8.5 to 9.5 cents with volume of just 7,067,400...wednesday sure mati force sellllllllllllllllling....that's why 1.5 cents might be easy...hehe waiting for durian runtuh
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....
10centstrader
56 posts
Posted by 10centstrader > 2013-07-21 23:48 | Report Abuse
APFT is not a PN17 counter. I believe the price will go up soonest. I also bought this counter warrant at 13.5 cent & 0.095 cent. My TP for the warrant is 0.145 next week.