Guys, you may wish to note that the gap between the preference shares and parent has narrowed ... that will avoid arbitraging when the parent shares move...look like the stage is set to attempt a new height for the counter...
ask yourself , as a major shareholder, why do u convert your PA into shares and add 19cts unless you have plan that the shares value will appreciate...otherwise it is cheaper to hold the PA and still control the company...
@Ifahjais, at exercise ratio of 20 to 1, you go figure out what kind of opportunity cost there is. Most PA in Bursa perform badly. Anyway, the owner of the shares knows what is best for himself. It is not for us to judge.
No comments today. Perhaps Fatty Liew is also busy over Ageson, to settle and sue old management, to settle with RHB with new restructuring plans. If SC goes in Ages on to investigate old management misappropriation issues, he shall be double busy. How is he going to expand his business into cloud computing? He is good in business and political relationship, as well as China big telecommunications companies, but he is lousy in keeping good share pricing. Prior to MCO 2020, it was nearly 0 60, till today, 2 years has passed, every quarters made record profit, share price us just 0 35.
Haha .please look for some good syndicate or KYY, while Dato Sri Liew busy in signing Agreements, syndicates help you to push to RM5.00, you are better than Frontkn..
Amidst the chaos between United States, China as well as the newly joined party – European Union, we had seen major sell down in technology stocks all around the globe. Of course, we as one of the major contributors of downstream semiconductor play in ASEAN could not be freed from this incident.
However, one company stood out in the technology rally. This stock does not give 100%, 200% or 300% return to shareholders, but its relatively low valuation had given investors a safety haven to put their cash in during the downturn.
And this UNDERVALUED GEM we are discussing today is ARB Berhad (7181).
ARBB had been a hot topic of discussion in this forum for a very long period of time. However time and time and again, the management had proved themselves with extraordinary profits.
But today, we are going to talk about the technical aspects of this company.
As you can see, ARBB had formed 2 double bottoms. One in the mid term and one in the shorter term. This indicates a strong buying power is emerging around the current price level of the company.
The EMA 50 also shows a strong trailing of trend intact for the company while majority of the technology stock had dropped below EMA 20, 50 and some even to the extent of EMA 100.
I believe being a discounted technology stock with good support around current price level, ARBB is no doubt a buy. There is however short term resistance of 37.5 cents and 40.0 cents respectively. You may trade the stock for short term or for longer term investors, the price range to collect “cheap shares” is approximately 32.0 cents.
Watching Ageson, Fatty Liew be busy. Ageson got announcement that Bursa and SC queries them on their announcements on legal suits against old management. Seems like once Bursa queries and SC be taking actions on further investigation, Fatty Liew be too busy there. No one care of pushing prices of Ageson n Arbb anymore. Please lar, Dato Sri Liew, go and look for strong syndicates, such as Dnex, Data prep, KYY lar, let them do their jobs to meet your TP, possibly set at RM5 for Arbb. Dato Sri, you busy in meeting big tele communications groups, cloud computing groups, kings kings, politicians, sign more mou, agreement, contracts, and also push SC to pubish old management of Ageson.. God blessed, all shareholders and investors here will give you Full Full (not fool fool) backup..if eyes big big to see price moves towards RM0 50, 0 88,1 00, 2.00 ,3.00........
ARBB had formed 2 double bottoms. One in the mid term and one in the shorter term. This indicates a strong buying power is emerging around the current price level of the company.
The EMA 50 also shows a strong trailing of trend intact for the company while majority of the technology stock had dropped below EMA 20, 50 and some even to the extent of EMA 100.
Ask yourself 1st, if you are prepared to hold 1-2yrs for this counter. Forget abt buying in if you are not and cussing/swearing later if it doesn't go your way...calling it a con counter.
If you want fast buck, go try your luck at dataprep/cheetah/goreng counters instead...
okok lie back relax and enjjoy the ride...finally bus sudah mula bertolak. next stop RM0.80...boleh turun kencing jap sebelum proceed to rm1 and beyond
The people pushing up the price... they will not let the sellers have a chance to buy back... so if you sold and hope to buy back... I say... dream on.
Now market are control by traders, up two or three bits they will sell. Today might be the effect of 'buy today sell tomorrow' technique from last week. No big pump and dump mean there is no syndicated in this counter. Just hope it maintain uptrend, up 2% to 5% a week already good. Prove that a lot have believe in this counter and hold. Good counter like greatech and myeg took years to achieve their true value (fundamental vs share price). The real booster for ARBB investor if the company could collect part of the big trade receivable and turn into cash for shareholder to see. It will be a let down if it turn in impairment loss.
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....
stevenlowcb
30 posts
Posted by stevenlowcb > 2021-03-20 19:57 | Report Abuse
ask yourself, do you trust the management. if yes, stay else get out when you can.