sorry.. that's for our dearest Liang Chai, famous with his daily 4pm limit down.. mine is 4:50pm :) but i think i really q to sell... getting bored.. when Pantech and Tambun is running good...
what you mean by flag? azrb already at bottom lar... why you so greedy want down somemore.. this is the strong support line... now only wait for big boys...
anyone know what would cause the operating cash flow of azrb decrease so much from 20+ mil to -60+ mil? what is meant by "decrease in trade and other receivables? thanks in advance
Hi James95, I looked up AZRB's quarterly report and saw the operating cashlow -50 million from -20 million same period last year. Although I cannot find your figures, I agree the operating cashflow has decreased compared to the same period last year. One of the major item i saw was the increase in amount due from customer for contract work done ( -RM69 million, last year same period -16 mil only). That basically means that AZRB has done RM69 million worth of jobs which people has not paid it yet and since it has to use cash to pay for the job it did, it had reduced its operating cashflow. When it manage to collect the cash, the cashflow will be positive for that period. In layman, done more contract but not collect yet compared to last time.
Decrease in trade and other receivables means that AZRB has reduced its 'borrowings' from the supplier. Supplier cut credit also can cause so we would not know the reason but one thing for sure, since it has used less credit / borrowing from supplier, AZRB had to use more of its own cash for the jobs, therefore reducing the operating cashflow further. In layman, use more of own money for job.
my wild guess azrb look like potentially for pru 14 i.e 2016/17 play (may be)...cause most of the projects just stated....the flowers start blooming but no fruits yet....for sure it worth to closely follow for entry as it has big future upside potential....
0.11 cent I've lost ... when want to go up up up . big project, big profit.. but share price not compatible. who may help me change the color of red to green..
while monitoring azrb from outside i bought complet(5136) instead n today up 4cent... u may want to try this complet n granflo(0056. got volume n up 1 cent today) for a change.....
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....
i3i2i1
4,731 posts
Posted by i3i2i1 > 2014-07-14 15:12 | Report Abuse
wait at 4:50pm :)