Posted by AhMoi > 2014-04-23 16:19 | Report Abuse

0.755 and looks like selling is still on

0.74 soon ? Yes? No?

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

Wat had happen Mar 27, azrb down for 0.200? I just started monitor this stock

Posted by splendid_ignorance > 2014-04-23 16:47 | Report Abuse

anything is possible haha. a medium term play

Posted by fortunebullz > 2014-04-23 18:57 | Report Abuse

Tomorrow if rebound sign of moving higher! If not, then downward pressure!

Posted by jenabchen123 > 2014-04-24 01:23 | Report Abuse

Huat arrrr AZRB!

Posted by AhMoi > 2014-04-24 10:00 | Report Abuse

I know the Wikipedia on par value reduction has been posted here before.. BUT

is AZRB with par value per share of 0.25 and market price at 0.74

EXACTLY THE SAME

as AZRB with par value per share of 0.50 and market price at 0.74

can kind souls who got it kindly explain in simple terms, tq

Posted by splendid_ignorance > 2014-04-24 10:18 | Report Abuse

ahmoi. market wise the same. one of the main reasons ppl do a par value reduction is because they wanna do a rights issue at a lower price because par value is basically the lowest price that a company can issue. e.g. say the par value is 1.00 but for some reason the market price is 0.80. this company wants to raise capital using a rights issue but it can't issue at 0.50 or 0.60 (since rights issue is always issued at a discount to current market price). so in order to issue the rights issue, it has to do a par value reduction to 0.50.

in this case, the rights issue is at 0.50 which is the par value before reduction so this isn't the reason they went ahead with this. it is more likely to write off the loss in books as stated earlier

Posted by stephenchuah > 2014-04-24 11:23 | Report Abuse

So splendid, do you think azrb still can invest in? How much lower can it be? Current price 0.775 after reduce can it be half of the price?

Posted by splendid_ignorance > 2014-04-24 11:31 | Report Abuse

stephen. like i said, there will be no impact theoretically on the reduction in par value. it is a balance sheet adjustment.

i am in it for the medium term. am not aware of your risk preference or the kind of term you are looking at. i personally think it will be difficult to breach the 0.75 target but that's just my opinion. set your cut loss target if you are worried

Posted by AhMoi > 2014-04-24 12:05 | Report Abuse

splendid.. i know the rights issue reason, knm is doing it for that reason.


but, AZRB has got to be trading now like its par value is 0.25 already now.. now, even b4 the par value reduction is done, you know what I mean?

cos AZRB with par value per share of 0.25 and market price at 0.74

CANNOT BE EXACTLY THE SAME

as AZRB with par value per share of 0.50 and market price at 0.74


cos if you make the par value upto 1.00 to compare with other cos with 1.00 par value

AZRB with par value per share of 0.25 and market price at 0.74 is = 2.96

AZRB with par value per share of 0.50 and market price at 0.74 is = 1.48

@@ am I talking sense @@

Posted by splendid_ignorance > 2014-04-24 12:22 | Report Abuse

I think you are of the opinion that the par value gives a certain indication to the market value. I personally feel it doesn't. Valuations are based on the Net tangible assets or book value of the equity not the par value. i can have a par value of 0.25, 0.50 or 1.00 but if the net assets i have doesn't change, from a valuation perspective, the company is worth the same. In valuation you judge the multiple on book value not par value. to me par value is an accounting concept

Posted by AhMoi > 2014-04-24 12:26 | Report Abuse

emmm... then why stop at reduction to 0.25? why not reduce the par value to 0.10, 005 or 0.01??

@@

Posted by splendid_ignorance > 2014-04-24 12:30 | Report Abuse

because there is no point to it

Posted by AhMoi > 2014-04-24 12:34 | Report Abuse

same cost same procedures same no point to it from 0.50 to 0.25, then to 0.10, 0.05 0r 0.01 ler

what is the difference between reduced to 0.25 compared to reduced to 0.10? @@

Posted by splendid_ignorance > 2014-04-24 12:37 | Report Abuse

more of a convention. there have been proposals around for a no par value system which exists in most major markets today

Posted by AhMoi > 2014-04-24 12:46 | Report Abuse

your comment on this....

AZRB has got to be trading now like its par value is 0.25 already now.. now, even b4 the par value reduction is done, you know what I mean?

Posted by fortunebullz > 2014-04-24 12:57 | Report Abuse

Splendid got it right! Par value can be a cheat sheet! Nothing more than accounting treatment! So no point to indulge on theoritical nature rather the reason behind such reduction! AZRB case is obvious, they need to move on after disastrous arab deal! In fact sime was also trapped into arab disastrous! Nowadays, whatever middle east or india deals should be view with caution!

Posted by Investeye > 2014-04-24 13:10 | Report Abuse

Finally decide to dispose all the balance AZRB at rm0.77.
Thanks AZRB for the bonus to me and i will coming back may be by coming month.
Happy investing for All!

Posted by AhMoi > 2014-04-24 16:57 | Report Abuse

splendid_ignorance .. this counter is not going anywhere anytime soon...

come, your comment on this....

AZRB has got to be trading now like its par value is 0.25 already now.. now, even b4 the par value reduction is done, you know what I mean?

Posted by splendid_ignorance > 2014-04-24 17:08 | Report Abuse

yes. this is a mid term play as i mentioned. it is fresh off news announcement and one should not expect another sharp increase so soon without any significant news.

I am not sure what you mean actually. like i said, it should not have any impact on market price. the consolidation is normal after the rally it has experienced. i personally do not think it has got anything to do with the par value reduction

Posted by fortunebullz > 2014-04-24 17:10 | Report Abuse

Need to see 3 white candles to confirm consolation is over!

Posted by AhMoi > 2014-04-24 18:15 | Report Abuse

TA look like shit... below 50d sma... moving to 0.74? yes? no?

Posted by fortunebullz > 2014-04-24 18:56 | Report Abuse

Ahmoi! Can you explain further on ta! Technically I see that past 4 days has been a consolidation mode before moving higher!

Posted by fortunebullz > 2014-04-24 19:00 | Report Abuse

Technically I like what I see! This is perfect example of consolidating mode on short term! Let's see tomorrow if develop white candle! If the white candle is tall then I am sure buy in bulk!

Posted by HanSolo > 2014-04-24 22:11 | Report Abuse

whats the potential like if anyone can share?

Posted by fortunebullz > 2014-04-24 22:16 | Report Abuse

HanSolo! Project in hand plenty impressive! 2 billions projects to complete! I think concession highway will be announce soon, another 1 billion project with recurring income!

Posted by jenabchen123 > 2014-04-25 02:17 | Report Abuse

I feel giddy giddy la fortune bull, sudah kasi hantam satu lorry today. Been monitoring and waiting this counter for some times.

Posted by AhMoi > 2014-04-25 10:17 | Report Abuse

as i said before azrb as mid long term play is ok.

kasi hantam satu lorry today..... when the rights shares are going to flood the market soon???

normally market will take about a month to digest the rights shares.

there may be a case for collecting bits by bits, kasi hantam satu lorry today is a tad heroic ler.

Posted by tonylim > 2014-04-25 10:26 | Report Abuse

Ahmoi splendid morning

Posted by splendid_ignorance > 2014-04-25 10:35 | Report Abuse

morning toni.

abit of movement today. this counter got good fundamentals. don't need worry. like i said i don't see it breaking 0.75 soon with much upside. when the warrants come to play there could be some movement as well

Posted by AhMoi > 2014-04-25 11:03 | Report Abuse

yo morning

tony stark talks a lot, tonylim is on the other hand a man of few words.

come, 1 sen for your thought : )

Posted by AhMoi > 2014-04-25 11:20 | Report Abuse

bear with me....

say 3 companies are similar in everyway, same pe ratio etc, except

co a - par value 0.25, market price 1.25

co b - par value 0.50, market price 2.00

co c - par value 1.00, market price 3.60

which is a better buy?

Posted by tonylim > 2014-04-25 12:14 | Report Abuse

Ah ya ahmoi not difference la

Posted by tonylim > 2014-04-25 12:15 | Report Abuse

sAB lower or higher par value better

Posted by AhMoi > 2014-04-25 17:44 | Report Abuse

???

Posted by AhMoi > 2014-04-25 17:53 | Report Abuse

so got see long white candle or not??

with all the weight of the rights shares pressing down on azrb, long white candle is gonna take a while ler..

Posted by fortunebullz > 2014-04-25 17:56 | Report Abuse

Consolidation almost done! Next week probable move higher! Kuala Lumpur outer ring road KLORR 1.5 billion project announce soon!

Posted by AhMoi > 2014-04-29 10:18 | 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.

there goes your, what is that, arbitrage??

Posted by HanSolo > 2014-04-29 11:05 | Report Abuse

down trend

Posted by bing > 2014-04-29 13:39 | Report Abuse

Good time to buy more?

Posted by dr_jogho > 2014-04-29 14:49 | Report Abuse

red trend today to many counter including azrb, slow today also

Posted by AhMoi > 2014-04-29 15:38 | Report Abuse

slow could be good. when the rights shares are available for sale later, the selling will be fast and furious....

Posted by crawler > 2014-04-30 19:58 | Report Abuse

it will probably go up first from now till then

Posted by AhMoi > 2014-05-02 10:23 | Report Abuse

how it will probably go up first from now till then o???

doesn't make sense.

who want to buy now so that it will go up first, when knowing the price will go down later o??

Posted by jenabchen123 > 2014-05-02 14:09 | Report Abuse

I lend my support here. Ride on!

Posted by AhMoi > 2014-05-02 16:51 | Report Abuse

0.73.....

Posted by nordimohd > 2014-05-02 20:48 | Report Abuse

i have been following azrb probably more than2 years n bought n sold few n made few rm some months a go....yes it has beg few good projects but yet to creat extra value....although still in my radar but trade others which currently having better value such as gadang..

Posted by AhMoi > 2014-05-05 16:49 | Report Abuse

Let's revisit this,

AZRB has got to be trading now like its par value is 0.25 already now.. now, even b4 the par value reduction is done, you know what I mean?

to see if it is trading now like its par value is 0.25 already now, or it is trading now before its par value reduction



>AhMoi your comment on this....

AZRB has got to be trading now like its par value is 0.25 already now.. now, even b4 the par value reduction is done, you know what I mean?

24/04/2014 12:46

Posted by AhMoi > 2014-05-06 15:03 | Report Abuse

0.715...

AZRB has gone to the dog....

Posted by AhMoi > 2014-05-06 16:55 | Report Abuse

avalanche of rights shares coming soon.....