Court case again! he Board of Directors of Ahmad Zaki Resources Berhad wishes to announce that its wholly-owned subsidiary, Ahmad Zaki Sdn Bhd (“AZSB”) had on 7 May 2014 been served with Writs of Summons and Statement of Claims dated 2 May 2014 by Multiglow Corporation Sdn Bhd claiming for the sum of RM9,860,691.78 in relation to Kertih Polymer Park (“KPP”) Phase 1 Project (“KPP1 Project”) and KPP Phase 2 Project (“KPP2 Project”) and for the sum of RM2,722,476.33 in relation to Lebuhraya Pantai Timur Phase 2 5A Project (“LPT2 5A Project”) in Terengganu (collectively, known as “the Projects”).
hahaha of cos i wont worry but happy cos price will drop n i can lower down my breakeven heheheh:p o ya if i bought the share at May do i entitle for the free warrant?
Despite the urging of some here to take up the rights shares, smart people have avoided the rights shares and rightly so... take up rate of the rights shares really nothing to shout about
if too many court cases for particular compony is not a good sign. anyway, i think azrb is still worth to invest at low base on the projects secured and also put it foot to o&g service and plantation. As i sold all on 24th Apr and i expected to come if the price is reasonable by May ( below rm0.70). So, it is still under my observation.
Ryan, no point waiting for lower. Official bad news out. Cannot go lower anymore. Better hantam now. Court cases not serious, remember AZRB won international court cases, so local court cases peanut.
hahahah slightly touch my range below 0.7 loll..for me i will treat it as another kim lun trend when warrant list the price drop from 1.7 to 1.55 after awhile (1-2wk+) only back to normal 1.7 range..
I bought into Azrb today as encouraging news that new elevated highway will be commencing soon. My remisier noted that price was purposely depress today to make way for some cronies into buying cheap today. Thank you.
Would like to note here that AZRB has successfully raise 100 millions from recent right issue. These 100 millions will be immediately use for soon to be announced East Klang Valley Expressway (EKVE) project and also the International Islamic University Malaysia (IIUM) Teaching Hospital project. The par value reduction undertaken is to write off losses from one of its subsidiary. My remisier was fortunate to be close to AZRB directors and informed of today pressdown for cronies to buy cheaper before making further push once new shares are listed. Thank you.
It took me quite sometime to be his client. He is very selective, highly recommend by friends. If I don't trust my remisier, I wont be making good returns Steelheart. Thank you.
From feedback that I got from my remisier and friends, most expect some fall. However, if majority expect a fall, it may not materialize. Furthermore announcement of EKVE will be made very soon. Thank you.
In 2012 knm goreng up to 72c cum rights at 40c with lower ratio warrants. Price drop to below 60c on listing. I still make money cos the warrants traded at 11c. Warrants covered and excess shares given during the rights issue more than cover the difference.
The difference here I think is knm to par down the debts here money for working capital and taking bigger projects.
Time to accumulate AZRB at RM0.69, after disposed all on 24th Apr 2014 at RM0.77 I expected AZRB will have good chance to get "Menara Warisan" which will be announce soon. 國投獨立投資私人有限公司日前剛邀請國內外各大建築商參與獨立遺產大廈的預審資格競標。MIDF看好阿末查基資源(AZRB,7078,主板建筑組)是獲委主要承包商的領跑者,而依文仙台(SENDAI,5205,主板建筑組)則有望獲得鋼鐵結構工程方面的分包合約。
I really interest to see what will happen when the Rights Shares and Warrants are expected to list on 16 May 2014. From the view of purchased 2 OR from market (RM0.68) and convert to mother share (added RM0.50) to get 1 warrant... RM1.18 = 1 share + 1 warrant?? I hope the share is way under value and should valur higher!
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....
ryan7642
1,998 posts
Posted by ryan7642 > 2014-05-08 21:53 | Report Abuse
I think It will be another Kim lun sample I m waiting below 0.7 to drawdown my breakeven:)