Posted by splendid_ignorance > 2014-04-21 12:12 | Report Abuse

quote wiki
"Par value stock has no relation to market value and, as a concept, is somewhat archaic. The par value of a share of stock is the value stated in the corporate charter below which shares of that class cannot be sold upon initial offering; the issuing company promises not to issue further shares below par value, so investors can be confident that no one else will receive a more favorable issue price. Thus, par value is the nominal value of a security which is determined by the issuing company to be its minimum price. This was far more important in unregulated equity markets than in the regulated markets that exist today.[why?] The par value of stock remains unchanged in a bonus stock issue but it changes in a stock split."

Posted by AhMoi > 2014-04-21 12:16 | Report Abuse

Emmmm.... why is AZRB doing this thingy of bad repute then, nothing better to do ka??

Plastic surgery to remove the ugly ka?? Follow Korean ka?? : )

Posted by splendid_ignorance > 2014-04-21 12:21 | Report Abuse

haha. cosmetics ma. u open azrb's balance sheet now see the accumulated losses so big also u have bad perception of azrb eventhough it is intrinsically sound. after doing this people look at balance sheet numbers all very nice

Posted by AhMoi > 2014-04-21 12:22 | Report Abuse

Date for cessation of trading of the rights 23/04/2014

Buy OR la ho???

Posted by AhMoi > 2014-04-21 12:25 | Report Abuse

Balance sheet looks nice, and bad pasts all forgotten. Beyoncé be Beyoncé.

Posted by fortunebullz > 2014-04-21 17:33 | Report Abuse

Small dip for 2 days! Consolidate before making another upward movement!

Posted by ryan7642 > 2014-04-21 17:40 | Report Abuse

hmm seem like not much power today@@ hope tml zai jie zai li la add oil AZRB~~~if drop below 0.75 i will add more:p

Posted by JKing > 2014-04-21 17:43 | Report Abuse

you need to understand the company Act in order to determine why the par value reduction is good for future. It is very important and good for the investor.

Posted by fortunebullz > 2014-04-21 20:56 | Report Abuse

JKing! Par value reduction to clear bad debts! Bad debts due to Arab deal gone wrong 4 years ago! Already won court case waiting for compensation! If paid, consider bonus! But at of now, financial all reset for growth! I think this is the worse price for Azrb!

Posted by bing > 2014-04-21 22:06 | Report Abuse

Buy few to keep. Hihi..

Posted by AhMoi > 2014-04-22 10:57 | Report Abuse

OMG, dropping!!

jking, are you absolutely sure the company Act says "..par value reduction is good for future. It is very important and good for the investor."

as you know the company Act can tell more or not??

Posted by bjgdila123 > 2014-04-22 11:19 | Report Abuse

no taring lah AZB

Posted by ryan7642 > 2014-04-22 11:52 | Report Abuse

erm act i not tat type of technical investor so usually i not really bother about it but about the project news n the book value i would say yes is worth to invest on it:)

Posted by AhMoi > 2014-04-22 12:04 | Report Abuse

mid to long term could be good, however, even before the rights shares and warrants flooded the market the price already dropping... no need to rush in to buy now, wait and see.

Posted by bjgdila123 > 2014-04-22 15:25 | Report Abuse

will drop to 0.50 then i buy

Posted by Investeye > 2014-04-22 15:36 | Report Abuse

I think the OR should drop not mother share. It is a bit odd.
Assume 2 OR = RM0.68 (present RM0.34 each) + RM1.00 = 2 AZRB RM0.77 (present price)+ 1 WR ( exercise price is RM0.70). Spend RM1.68 to get RM1.54 mother share + 1 WR ??? You paid RM0.14 in advance and to get 1 warrant with price unknown/at risk. How it perform??? This is not collecting for hobby.

Posted by AhMoi > 2014-04-22 15:37 | Report Abuse

dump dump dump drop drop drop quick quick quick run run run

Posted by ryan7642 > 2014-04-22 15:41 | Report Abuse

wait be patient maybe is time to top up soon hiak hiak hiak~~~ come on baby lets drop below 0.7 i buy in more^^

Posted by Investeye > 2014-04-22 15:43 | Report Abuse

If the mother share drop more, then better save the bullet to collect warrant!

Posted by stockraider > 2014-04-22 15:46 | Report Abuse

If Use Black Scholes formula....the AZRB-w worth at least Rm 0.22...so your warrant at theoretical value of Rm 0.14.....is undervalue & cheap mah....!!

That's why go buy AzrB-Or mah and go for the rights loh......!!

Posted by AhMoi > 2014-04-22 15:48 | Report Abuse

odd ka??? but looks like people are selling mother to buy OR o

Posted by AhMoi > 2014-04-22 15:49 | Report Abuse

think people also want to be the first to sell the mother before the rights shares flood the market. the price may drop some more.

Posted by AhMoi > 2014-04-22 15:52 | Report Abuse

if mother drops some more then Black Scholes formula value will get closer and closer to 0.14

Posted by AhMoi > 2014-04-22 16:02 | Report Abuse

people even short counters with rights or bonus issues at this stage, refer XDL

sell and buy back later always makes sense when the price is on down trend

short not shot, except for people who bought at 0.845, then have AZRB shot with a gun

Posted by stockraider > 2014-04-22 16:13 |

Post removed.Why?

Posted by AhMoi > 2014-04-22 16:23 | Report Abuse

0.77 to 0.96 also got 24.6% potential

if dropped to 0.70, to 0.96 potential is 37.24%

Posted by gohku > 2014-04-22 16:26 | Report Abuse

Ya u don have arbitrage mah....if AZRB stays at Rm 0.77...u still overall make monies with your warrant mah...!!

Posted by AhMoi > 2014-04-22 16:32 | Report Abuse

buy OR have to buy draft la, post la, money gets tied up la..

Posted by AhMoi > 2014-04-22 16:37 | Report Abuse

also you really cant discount the possibility that the mother price is pushed high to make the OR looks good to get you to buy

if you buy OR high today you cant sell anymore

Posted by AhMoi > 2014-04-22 16:38 | Report Abuse

0.765 already..

Posted by AhMoi > 2014-04-22 16:41 | Report Abuse

may get at 0.74 tomorrow, then buy OR headache again.. to subscribe or not?? to subscribe or not??

Posted by AhMoi > 2014-04-22 16:53 | Report Abuse

OR price never drop today is a problem.

If mother price drops a lot later, buy mother or buy warrant later could well be a better option.

Posted by hermen1123 > 2014-04-22 19:05 | Report Abuse

Any ideal how this is going to be???
QR convertion is how much~

Posted by vitac > 2014-04-22 19:15 | Report Abuse

Today is the last trading day for OR, tomorrow no more OR, if u subscribe 2 OR = 0.50 X 2 = 1.00
you will entitle to get 1 free warrant, mother share only 0.765 how to buy warrant at 1.00?
(correct me if i am wrong....)

Posted by lclwyp > 2014-04-22 19:59 | Report Abuse

warrant exercise price is RM0.70

Posted by Investeye > 2014-04-22 21:12 | Report Abuse

Assume 2 OR = RM0.69 (present RM0.345 each) + RM1.00 = 2 AZRB RM0.765(present price)+ 1 WR ( exercise price is RM0.70). Spend RM1.69 to get RM1.53 value of mother share + 1 WR ??? You paid RM0.16 in advance and to get 1 warrant with price unknown or at risk. Assume TP is rm0.96, then the warrant =0.96-0.16-0.70=Rm 0.10 ?? Let make it double =rm0.20 only!
The above assumption is based on purchased the OR then convert to share & warrant.

Posted by AhMoi > 2014-04-23 08:05 | Report Abuse

Vitac afraid you have to do your sum again.

Posted by AhMoi > 2014-04-23 08:06 | Report Abuse

Those who bought the OR at 0.345 would know once the mother's price dropped to 0.74; the effort to buy draft and to post would be a total waste of time. Not to mention having the money all tied up. Oh the headache too...

This is also assuming the warrant will not drop below 0.22.

Posted by AhMoi > 2014-04-23 08:16 | Report Abuse

Mother dropped as the OR ceased trading.. coincidence? Or mother were pushed high so that you would buy OR?

By the look of this, 0.74 not likely?

Posted by tonylim > 2014-04-23 09:43 | Report Abuse

Morning

Posted by stockraider > 2014-04-23 10:22 | Report Abuse

Raider has this to say....AZRB...will definitely move up...take up your rights....if u miss AZRB_OR u can....buy AZRB....it will definitely move up..!!

Just have confident....give some time....u will be rewarded loh...!!

Posted by AhMoi > 2014-04-23 10:56 | Report Abuse

morning

Posted by AhMoi > 2014-04-23 11:03 | Report Abuse

AZRB management screwed up big time last time.

Ok, plastic surgery is common nowadays, par value can be reduced to make the big losses disappeared, but, management still the same people, what guarantee is there that they will not screw up again??? screw up big time again!

Posted by splendid_ignorance > 2014-04-23 11:26 | Report Abuse

well. the loss was from the saudi affair of which the court has already granted them a compensation.

Posted by AhMoi > 2014-04-23 12:28 | Report Abuse

management fault la, didn't know who they were contracting with in the first place. ; )

Posted by AhMoi > 2014-04-23 12:29 | Report Abuse

after its par value reduction magic thingy was approved last Friday, KNM dropping and dropping...

Posted by AhMoi > 2014-04-23 12:33 | Report Abuse

0.765 again...

Posted by stephenchuah > 2014-04-23 12:39 | Report Abuse

Par value reduce is bad.. Don't know how much will it drop.. I bought 0.805... Ki chia Liao....

Posted by splendid_ignorance > 2014-04-23 14:28 | Report Abuse

haha. chill guys. don't think azrb is a short term counter at this point. 2 weeks back, yes. but it has already risen quite significantly from the announcement of project. there is bound to be some consolidation in the short term.

par value reduction has been announced quite a while back. It should not have any impact on market price because it is merely an accounting treatment. stephen you bought at a high after the announcement and hence your position does not allow you to ride on the short term impact of the announcement.

the orders are all there. it will contribute positively to the bottom line and hence the share price eventually. in the short run, the share price has already moved from the news.

in the near term, i see two potentials that could move the price :
1)the potential upside from increased exposure due to the award of the contract
2)when the compensation from saudi project is actually received

Posted by AhMoi > 2014-04-23 15:32 | Report Abuse

mid to long term may be ok if the management learned its lessons

however, even before the rights shares and warrants flooded the market the price already dropping... no need to rush in to buy now

wait and see, 0.74 could well be around the corner..