So many warrior here, Everyday also fight. Fight also need some point. Investor ke not investor ? Now construction is not on working period. Ages cash flow is strong to support. Just that need more time.
Anyhow the logic that push price up with dividend i don't think is making sense. Hopefully Ages won't do it. After dividend , there are chance of pricing drop. Only a short while of happiness . What for ?
I think that this counter has been tightly controlled by big players. They control when to push it up or DOWN. The only way ikan bilis to counter (react) to this sort of unfair game is to HALT trading and dont buy or sell, it it DIE naturally.
Meaning whatever ICULS or PA exercise they wish to push, we do NOT participate all of these later. Thus the big player will fail in their funds raising purposes. And we shall see who will be suffering more.
Once the retailer individual react in this way, they will have no choice but to reverse their strategy and then the share price might have a little chance to revere.
Let's us ikan bills UNITE together and do the above to protect our investment.
I think questionable accounting is the real issue for AGES and ARBB.
Megan, TRANSMILE , ...., are still fresh in memories for investors who lost a lot because of by fake accounting and financial reporting. Now many investors of SERBA D and may be also KPOW.... suffered sever losses.
for AGES, anyone knows about the development on huge sand projects previously announced ?
Feb 25, 2021 6:00 PM | Report Abuse
Please see my earlier comments on AGES FY 2020 report. Extract below " A major RED FLAG spotted in FY2020 Report is that the intangible assets (commonly known as "Good Will") had increased by a huge sum of RM32.7mln to RM40.96mln from only RM8.26mln in the previous year. I think the RM32.7m increase in intangible asset should be more correctly classified as actual financial Losses incurred and not parked into a non recoverable "Goodwill" as a Company intangible asset. On Pages 71 &72 of FY2020 Report, the Company gave a vague 'gross-over ' explanation in Note 7 was made on the transfer of RM32.7m non recoverable assets into Goodwill on Consolidation. Goodwill on consolidation in FY2020 (ending 30 June 2020) At beginning of FY2020, it was RM8,260,819 and at end of the FY2020 (30June2020), it was 40,964,222."
In the latest Q2 2021 financial report, for the last 6 months (30 June to 31 Dec 2020), the Non Recoverable Assets had further ballooned up from 41m (as at 30June 2020) to 81.5m(as at 31 Dec 2020
It looks like the Management keep on creating more "paper profit" by classifying losses into non recoverable intangible assets !!
icst1975, indeed alot of the CONTRACTS SECURED by AGES and ARBB, looks too good to be true. Slightly check you will find that hardly any information available about the awarding companies...
AGES and ARBB more suitable for trading purposes instead of a long term investment...
ikan billis should watch and see, dont average down, let them play themselves. And all their future rights issues, ICULS etc , dont touch at all. This is because they like to push and force the share price down, and we dont know where is the bottom, they control it and we are at very disadvantage position, thus the best is to PAUSE.
As predicted and the price going down and down and down without a supporting level.
Better dont go in yet, let them play first. We watch. I am still holding some and expect to hold for a long long time. But i wont average down, because there is NO solid backing in term of its performance and biz development in the near future.
and if the share price keeps dropping, their future launch of ICULS and fund raising plans will kaput, and then more and more investors will lodge complaints against them, and will eventually subject to SC's investigation.
Effect of SD...now people takut to stay in counter with high trade receuvables..every year declare profit but cash inflow from operation ciput..need to do fund raising exercise to stay afloat.
haha, u guys have funny logic, just becoz the current management kick out the previous lousy management does that mean the new management team is 100% trustable?
Erm, to be honest. At least better is important. If you hold longer. Anyhow even i like to cheer, but on current market i think drop until good price only enter is more wise choice. Now FMCO is unlimited extend which will lead to finance and mental stress. Guess who ever interested to enter wait for good pricing and offer first only enter to your favorite stock.
Trustable or not is up to your own decision, if you trust the management, go ahead and invest lol. If you have legit info and prove that the management is untrustable, feel free to spill the beans. But mostly likely you are just a keyboard warrior
@Hazmi90, I wish what you commented will turn out to be true, but we are all shocked by the way they dumped the shares so aggressively like rubbish in the past few days.
Let's wait and see and the share price movements and support (if any) will tell.
If it stay still or keep falling down, forget about it.
Good counter like Es Cerem will have their major SHH to keep buying back while other dumped their shares, but look at this Ages and none was done to support????
Why so ganjeong, even though it dropped but its still in consolidation phase. This counter before you buy in must know its not short term one. No need keep see and sweat. If you believe it will boom then just hold.
@GuanYinMA, it is not a matter of ganjeong or not, it is a matter of facts based on the track records. Even if we wish to buy stocks for long term investment purposes, we shall choose those stocks which have strong fundamental and business development potential.
The purpose of my comments are to alert those who have been caught at 0.13 or higher level so that they are cautious and will not simply keep dumping their hard earned money to average down to nowhere, for long term waiting of reversal.
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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....
unclekyyisbest
401 posts
Posted by unclekyyisbest > 2021-06-24 16:09 | Report Abuse
So many warrior here, Everyday also fight.
Fight also need some point. Investor ke not investor ? Now construction is not on working period.
Ages cash flow is strong to support. Just that need more time.