Please stop giving credence to blaming everything on Jho Low. Najib was a willing partner. As Prie\me Minister & Finance minister it beggars belief that he was ignorant. The fact is he was not and besides ignorance is no defence.
One just needs to look at his tax bills - fantastic income & expenditure on a Prime Minister's salary!
Yes, only those fanatic and blind supporters of BN regime time would be thinking Jibby is innocent and being not involved in the 1MD scandal. Full credit to AG TT and arrest this Pandi.
I would focus more on how a company would perform and its valuation in my analysis when trying to come up with a decision on an investment rather than putting too much time in understanding why a certain shareholder is buying or selling its shares. That being said, if the person that is selling or buying is a prominent investors, then maybe i would try to find out what he or her thesis on the investment might be.
In the case of Ageson, to understand why they are still superundervalue? A hidden GEM?
If you think that Ageson share price is still very low because they have a negative outlook on the sand industry for example, then you might need to take note that they are also currently doing quite good business on the other hand (excluded sand business)
Making your investment decisions on what investors buys or sell might not be the best strategy. If you were to sell a company just because other hoohaa investor is selling then you need to ask yourself are you also willing to buy the companies that other hoohaa investors is buying? Ageson for instance.....
What about other institutional investors like ijm, jaks, mudajaya, etc? Are you going to follow their transactions as well for your investment decision? This is why for an investors, you would be better off studying the underlying asset itself which is the company when making an investment decision. At the very least, you understand why you are buying or selling the company.
Have a nice day. And good luck on you investments.
OTHERS AGESON BERHAD (FORMERLY KNOWN AS PRINSIPTEK CORPORATION BERHAD) ("AGESON" OR "THE COMPANY") ACCEPTANCE OF LETTER OF INTENT BY AGESON ENTERPRISE SDN BHD (FORMELY KNOWN AS ESA PILE SDN BHD), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY FROM TECHPACK SOLUTIONS CO., LTD("TECHPACK"), FOR THE SUPPLY OF SILICA SAND TO TECHPACK, CONTRACT VALUE OF UP TO APPROXIMATELY USD79.50 MILLION (EQUIVALENT TO APPROXIMATELY RM339.03 MILLION) AGESON BERHAD
Type Announcement Subject OTHERS Description AGESON BERHAD (FORMERLY KNOWN AS PRINSIPTEK CORPORATION BERHAD) ("AGESON" OR "THE COMPANY")
ACCEPTANCE OF LETTER OF INTENT BY AGESON ENTERPRISE SDN BHD (FORMELY KNOWN AS ESA PILE SDN BHD), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY FROM TECHPACK SOLUTIONS CO., LTD("TECHPACK"), FOR THE SUPPLY OF SILICA SAND TO TECHPACK, CONTRACT VALUE OF UP TO APPROXIMATELY USD79.50 MILLION (EQUIVALENT TO APPROXIMATELY RM339.03 MILLION) The Board of Directors of Ageson (“Board”) wishes to announce that AESB, a wholly-owned subsidiary of the Company, had on 27 July 2020, accepted the letter of intent (“Offer Letter”) from Techpack, for the supply of silica sand to Techpack, for a period of five (5) years, contract value of up to approximately United States Dollar (“USD”) 79.50 million (equivalent to approximately RM339.03 million).
For shareholders’ information, the Company had previously on 8 May 2020, announced that the Company has the relevant expertise and capabilities in the mineral resources business whereby, the Company has engaged and will be relying on several experienced and competent subcontractors to undertake the business of mineral resources.
#Good that they still remember they have made such announcement in the past.
The Company is proposing to seek shareholders’ approval for a proposed diversification of the Group’s business to include business of exploration, mining and trading of mineral resources (“Proposed Diversification”) pursuant to Paragraph 10.13(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“MMLR”) in the forthcoming annual general meeting (“AGM”).
SingInvestor At last all our waiting worth it. If not moving up and I will hold it too. As they may be the main sand exporter in Malaysia.
Hold lo. despite some do say this is conman counter. it does show good changes. btw, i also hope AGES can continue its growth in its core business: construction.
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....
NashVille
24 posts
Posted by NashVille > 2020-07-27 11:42 | Report Abuse
Apandi should be called to account.
Please stop giving credence to blaming everything on Jho Low. Najib was a willing partner. As Prie\me Minister & Finance minister it beggars belief that he was ignorant. The fact is he was not and besides ignorance is no defence.
One just needs to look at his tax bills - fantastic income & expenditure on a Prime Minister's salary!