Hmm I suspect ah got people pressing down price, when Annual Report out will have some gains due to the increased Net profit. So now is quite a good time to add more.
Base on the issue price for acquisition of Trackworth, AWC share price is worth at least RM1/share. There is free warrant also. But the price is being manpiulated somewhat.
It's quite odd. When EPF disposed 444,900 shares on 26/9, the price closed up by 3.5 sens. When EPF acquired 500,000 shares on 1/10, the price closed down by 1 sen. And when EPF acquired 222,700 shares on 2/10, the price closed down also by 1 sen.
Whatever price is just illustrative only, your judge to say this is worth at least RM1/share is your own opinion, market doesn't say so. So, who is right who is wrong, the price will be final.
upsidedown119 Base on the issue price for acquisition of Trackworth, AWC share price is worth at least RM1/share. There is free warrant also. But the price is being manpiulated somewhat. 08/10/2018 17:07
No one can know for sure but one can tell the signs. Because of none to lax policing by the SC, these manipulators can swing the price well below the pain level of most investors.
AWC had already indicated the share price to be RM1/share having just issued tranche 3 of 11,500,000 million for the Trackwork takeover at that price. Tranche 2 was also issued at RM1/share. There are also free warrants coming. The tranche 4 issue to be issued for takeover of Trackwork will be the weighted volume of the 5 days trading after the audited financial statements of Trackwork for FY ending 30/9/2018 is signed by the auditors.
If they did not expect AWC shares to rise at least to or above RM1/share, the sellers of Trackwork would not have accepted the sale of their profitable company at those terms. The sharks know this. Based on what they have done in the past, they are manipulating down the price to collect.
What's in it for them? A very likely AWC share price of well over RM1 per share, plus 1 for 5 free warrants. If the warrants are priced by the market at 50 sens each, that alone will ensure that each AWC shareholder will gain 10 sens for each share held by AWC shareholders.
But EPF had bought into AWC which is a safe bet that they expect to gain in the near future.
The point to remember is that AWC profit is increasing and strengthening due to strategic diversification into other services via Trackwork. This trend has not changed.
So KLCI King, the sharks know that there is about 20 sen per share to gain in the short term. That is what they are gunning for. With negligible SC policing, they are having a free ride with little risk.
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....
Weng Celia
88 posts
Posted by Weng Celia > 2018-10-02 14:09 | Report Abuse
Trackworks acquisition will add 8million net profit in PY18 ! Awc is Worth to collect at this price now. Lets see 4pm today !