If coming financial result, APFT still making more loss, then it will justify the motive of major shareholder selldown its own stake now despite share price at record lowest level.
not so good tuesday huh?...but my stock is good today/as expected...very horny ...hekhok hekhok hekhok...the sound made by a very2 happy donkey going up to the sky seeking the stars and nova...common2 as long as it is still penny...never too late ...hehehe hekhok hekhok hekhok
i told u so i told u so sell apft , cut your loss cut your loss, wait no more , wait no more, change to nova, change to nova ...hehehe hekhok hekhok hekhok
If coming result, still incur loss, it will record 4 consecutive quarter loss making already, then share price will hard to rebound. Unless of course APFT make U turn, reverse loss to profit, then share price will capitalize it to rebound back.
Now is Aug, listing company financial result will be out within these month, risk and reward all depend on its upcoming Q4 result; either worsen loss or make U-turn into profit.
As mention in the earlier post here, the major shareholder disposing all its warrant on first day of trading and subsequently keep sell down it mum share and yet responded to bursa query that they are no aware of share unusual activity, what a big liar....
The director sold their own stake in APFT share and warrant for profit, it will only benefit for themselves not the company lah. Whatever the gain from disposal of warrant and mum share will go to their personal pocket.
Whether or not these director sold their stake through direct share (stake register under own name) or indirect share (stake register under family holding company) also mean they are cut down their effective stake in APFT
direct n indirect still consider as his total share holding whether he sell which one also his share, therefore this share is basically damaged n gone.
Too bad, you seem the one don't understand at all!!!???
The director cut down their stake in company, by selling off their warrant and cut down stake in mum stake, the profit realize will just go their own pocket NOT to the company itself. You mention the profit 17 millions will NOT record in the company but is in their personal bank account.
Another matter is direct and indirect, you say 'The indirect shares belongs to their Forad Holdings Sdn Bhd...not individually owned by Farouk family...' you are confusing yourself. These Forad Holdings Sdn Bhd is private holding company for Dato faruk to control 30% in APFT. Each of the family member have deemed interested by virtue of their interests in Forad Holdings Sdn Bhd, mean they have indirect stake in APFT.
Hafiz, you need to check the definition of direct and indirect again. Also, the company does not gain 1 sen from sales of shares or warrant in open market. Only if they sell treasury shares (from buy back scheme) or warrants holders exercise their warrants, will the company benefit. In the mean time the family is selling down their stakes big time and pocketing ALL the money..
Hafiz, glad to hear that. Its the lessons that is important, as in future when you see indirect shareholder in large scale sell down, its raises a red flag.
Hafiz, I just looked at it last report. Revenue 5.1M, 2.5M loss. With such poor result, am surprised SC allowed them to issue free warrants. They issue themselves bonus warrants, sell everything away knowing the company will collapse into PN 17 soon. I wont be surprised 20 sen also they will sell. Minority shareholders kena kencing.
Nowadays I ketepikan Bursa as Bursa has interest in everything. More volume means more money for Bursa. SC is the watchdog who should look after the interest of shareholders.
actually the company now is having a strong vision to turn the tide from losses to gain..... they have a mid term plan now..... they will announce their future development once everything been confirmed...... we can read from the financial statement
the hyderabad project in India already confirmed! APFT Bhd has got the license to train pilots from India...... now just waiting for papers to formalize the deal.... the news should come out in the papers within this short term........ you can contact the APFT IR 03-20923177 for further info.....
may be naik because some aviation news come out about KKR is buying RM650m of weststar aviation which is valued at RM2b...ada kaitan or some external factor like this?
the MOU agreement was sign in 2010 i agree witnessed by Najib, but the establishment of the training just started recently. in the schedule it should be last month, July and the training takes 1 and a half year approximately.... i smell next week quarter result coming out should be promising for APFT...... hope floats....
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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....
hng33
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Posted by hng33 > 2013-07-30 15:07 | Report Abuse
If coming financial result, APFT still making more loss, then it will justify the motive of major shareholder selldown its own stake now despite share price at record lowest level.