Posted by martinbartesque > 2019-04-01 20:00 | Report Abuse

MATERIAL LITIGATION AWC BERHAD ("AWC" OR "THE COMPANY") MATERIAL LITIGATION PURSUANT TO PARAGRAPH 9.04(F) OF THE BURSA MALAYSIA SECURITIES BERHAD MAIN MARKET LISTING REQUIREMENTSAWC BERHAD
TypeAnnouncementSubjectMATERIAL LITIGATION
DescriptionAWC BERHAD ("AWC" OR "THE COMPANY") MATERIAL LITIGATION PURSUANT TO PARAGRAPH 9.04(F) OF THE BURSA MALAYSIA SECURITIES BERHAD MAIN MARKET LISTING REQUIREMENTS

Reference is made to our announcements dated 20 September 2018,1 November 2018, 14 December 2018 and 22 February 2019 respectively, of which the abbreviations and definitions used herein shall have the same meanings as defined in the previous announcements. 

The Board of Directors of AWC wishes to update that the a Consent Judgment has been recorded on 1 April 2019 among Parties for the Writ Summons and Statement of Claim by QDT against BUCG.

The summary of the Consent Judgment is as follows:

a) In full and final settlement of the QDT's claim and BUCG's counterclaim, BUCG shall pay to QDT a sum of RM805,757.02 (which sum includes the payment of GST amounting to RM5,757.02) by way of two (2) equal instalments of RM402,878.51 each , wherein the same shall be paid on 30 April 2019 and 30 May 2019 respectively;   

b) Whereof if BUCG fails to satisfy the 1st Installment on or before 30 April 2019, then the entire sum amounting to RM805,757.02 shall become due and payable immediately whereupon QDT shall have the liberty to commence execution proceedings; 

c) BUCG shall not have the liberty to file any claim against QDT howsoever and whensoever arising from the Project, the Letter of Award or for all causes of action therefrom;   

d) QDT shall not have the liberty to file any claim against BUCG howsoever and whensoever arising from the Project and the Letter of Award or for all causes of action therefrom save and except where BUCG failed to make full payment of RM805,757.02 to QDT in accordance with the terms as stated in (a) above. 

e) QDT shall further provide full cooperation to BUCG to finalise the Final Account;

f) There is no admission of liability by both Parties; and

g) Both Parties will bear their own cost respectively.  

This announcement is dated 1 April 2019.

Announcement InfoCompany NameAWC BERHADStock NameAWCDate Announced01 Apr 2019CategoryGeneral Announcement for PLCReference NumberGA1-27032019-00024

Posted by martinbartesque > 2019-04-01 20:00 | Report Abuse

Is above a good news for AWC? Should b right as AWC won the case

Posted by Heavenly PUNTER > 2019-04-01 20:13 | Report Abuse

Director's interest does not align with shareholders. Please read more on the corporate and governance section of the AR!

Posted by Heavenly PUNTER > 2019-04-01 20:24 | Report Abuse

the compensation package is very dodgy to me!

Posted by martinbartesque > 2019-04-01 21:12 | Report Abuse

Since I bought this share, the most issue that worry me is this legal case where BUGG counterclaims rm11mil on QDT. Now, i feel more comfortable on AWC

Posted by Kc Teh > 2019-04-01 21:55 | Report Abuse

not entirely good. sue for 2m but only compensate 800k. but at least no need to pay 11m~ case settled so profit all the way up :D another 800k to the pocket on Q4.

Posted by Sean888 > 2019-04-02 11:20 | Report Abuse

Opps..another writeoff 12m!!!!

Posted by Sean888 > 2019-04-02 12:38 | Report Abuse

1.2m

Posted by Invest_Sensibly > 2019-04-02 12:45 | Report Abuse

better run. Luckily I have sold.

Posted by moneymoneycomecome > 2019-04-02 15:43 | Report Abuse

lai lai lai.....fast fast buy now.....

Posted by waterismoney8 > 2019-04-02 15:59 | Report Abuse

when volume come sure fly....

Posted by martinbartesque > 2019-04-02 17:50 | Report Abuse

On TA, golden cross is coming. :D

Posted by JayC > 2019-04-03 15:37 | Report Abuse

my average cost is 0.865... so sad

Posted by Kc Teh > 2019-04-03 16:26 | Report Abuse

jayC average down la, now still cheap. 0.77 is good support

Posted by PotentialGhost > 2019-04-03 20:08 | Report Abuse

Awc get so many contract , market always got idixt sold everyday everynight. .

Posted by Heavenly PUNTER > 2019-04-03 20:21 | Report Abuse

told you so many weak holders, directors from Trackworks for one, holding so much shares!

Posted by martinbartesque > 2019-04-03 21:09 | Report Abuse

Has awarded new project of rm30mil

AWC BERHAD
TypeAnnouncementSubjectOTHERS
DescriptionAWC BERHAD ("AWC" or "THE COMPANY") - TRADE CONTRACT ENTERED INTO BETWEEN QUDOTECH SDN. BHD. ("QUDOTECH"), A WHOLLY-OWNED SUBSIDIARY OF AWC, AND LENDLEASE PROJECTS (M) SDN. BHD. ("LLPM")

Further to the Company’s announcement made on 22 February 2019, the Board of Directors of AWC wishes to announce that Qudotech, a wholly-owned subsidiary of AWC, had on 3 April 2019 accepted the trade contract entered into between Qudotech and LLPM, for the appointment of Qudotech as the Trade Contractor for the provision of preliminary works of Trade Package No. TP24 – Hydraulic Services, at the Trade Contract Sum of RM29,871,820.00 (“PWA”).

Please refer to the attachment for further details.

This announcement is dated 3 April 2019.

Posted by abang_misai > 2019-04-03 21:11 | Report Abuse

Luckily I sold already

Posted by martinbartesque > 2019-04-03 21:11 | Report Abuse

DURATION OF THE TRADE CONTRACT

The Works under the Trade Contract is to be completed by 21 June 2021.


This project is more meaning because the duration is 2years. This means rm30mil for 2yeasrs.

Posted by martinbartesque > 2019-04-03 21:15 | Report Abuse

Believe this time it will go up.
* legal case is settled
* awarded 35mil project in March n 30mil in april.
* on TA, golden cross will b formed soon.

Posted by martinbartesque > 2019-04-03 21:18 | Report Abuse

https://www.klsescreener.com/v2/news/view/511559

KUALA LUMPUR (April 3): Engineering services group AWC Bhd has bagged a RM29.87 million contract to provide hydraulic services.

AWC said its wholly-owned subsidiary Qudotech Sdn Bhd was awarded the contract by Lendlease Projects (M) Sdn Bhd.

“The works under the trade contract is to be completed by June 21, 2021,” said AWC in a filing today.

The contract is expected to contribute positively to the earnings of the group over the duration of the works, it added.

AWC’s share price, which has appreciated 13% year to date, closed unchanged today at 78 sen, for a market capitalisation of RM228.16 million.

Posted by Happyman123 > 2019-04-03 21:39 | Report Abuse

0.80 is around the corner~

Posted by abang_misai > 2019-04-04 17:23 | Report Abuse

Amitofo

Posted by HITnRUN > 2019-04-05 08:21 | Report Abuse

Why this counter so lembik?

Posted by raytheclay > 2019-04-05 09:03 | Report Abuse

Company’s PE is still attractive. I will still accumulate on weakness. Have been accumulating for the past 2 years. Anxious to see the next Qtr results, which should be positive. Outlook for the year is also encouraging with the new projects and with orderbook above RM1bil.

Posted by martinbartesque > 2019-04-05 09:06 | Report Abuse

waiting it to cross resistance at 0.785

Posted by raytheclay > 2019-04-05 12:07 | Report Abuse

Cross over should occur before dividend ex date. By then MA50 should be higher than MA200.

Posted by abang_misai > 2019-04-06 08:42 | Report Abuse

Normally, stock will pick up steam after ex dividend

Posted by JayC > 2019-04-07 18:01 | Report Abuse

gogogo to RM1!!!

Posted by Heavenly PUNTER > 2019-04-07 18:02 | Report Abuse

Interested to join ? https://klse.i3investor.com/blogs/Day3/201271.jsp

Your pick can be AWC if you want!

Posted by Shinnzaii > 2019-04-07 18:44 | Report Abuse

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=85480&name=EA_GA_ATTACHMENTS

last year prospect...page 21&22...I have an eyes in this stock because of rail industry outlook for big project soon like ERCL and LRT3...hehe

Posted by Sean888 > 2019-04-08 09:36 | Report Abuse

http://www.enanyang.my/news/20190407/传二期双线铁路br-获多家公司竞标/

Posted by raytheclay > 2019-04-08 12:54 | Report Abuse

Rail could be the next "real" play on Bursa and let's see if Trackworks can be part of this wagon (no pun meant).

Posted by Jarklp > 2019-04-08 14:30 | Report Abuse

This company manages to gets contracts and provides good earnings visibility with its existing long term contracts. They also get profit guarantee from the newly acquired company. Valuation is not expensive with positive cash flow. Downside risks seem to be limited . What is holding it back ?

Posted by Heavenly PUNTER > 2019-04-08 19:26 | Report Abuse

The incessant exercising of ESOS is part of the reason

Posted by king36 > 2019-04-08 20:30 | Report Abuse

Posted by Heavenly PUNTER > Apr 8, 2019 7:26 PM | Report Abuse

The incessant exercising of ESOS is part of the reason.

Agreed. This happened to DNEX too. In the end the shareholders suffer cos the share price just could not 'naik;.

ESOS, if given should not be given to the Directors but the employees only.

Posted by Heavenly PUNTER > 2019-04-08 20:35 | Report Abuse

king36, that's right, I have been holding this stocks for sometimes, but sold off all recently, because the directors keep exercising their ESOS and sell in the open market.. Basically like taking money from shareholders putting into their own pocket only... I don't believe in Efficient Market Hypothesis, but the market is efficient to a certain degree. Sometimes when something is too cheap to be true, it probably is!

Posted by Shinnzaii > 2019-04-10 12:44 | Report Abuse

I dont think so cause by ESOS...tell me when is the recent ESOS exercise?

Posted by Sean888 > 2019-04-15 16:37 | Report Abuse

Burst..waiting to collect at 0.7

Posted by Dangel > 2019-04-16 12:17 | Report Abuse

Seems like downtrend!

Posted by lloydlim > 2019-04-16 18:57 | Report Abuse

U hv points abcd!

Posted by Heavenly PUNTER > 2019-04-16 19:03 | Report Abuse

Yesterday ESOS

Posted by upsidedown119 > 2019-04-17 15:16 | Report Abuse

AWC will benefit from the ECRL - 40% of value to be subcontracted to Malaysian companies.

Posted by YAPSS > 2019-04-17 17:01 | Report Abuse

Day 45 of Fundamental Daily, YAPSS will be covering AWC Berhad which fall under YAPSS Too Hard Box and your help is needed! Educate YAPSS what do think about AWC and your teaching is highly appreciated!
#YAPSS #FundamentalDaily #AWCBerhad

Click the on the link to find out more: https://youtu.be/LbNcMyggD1s

Posted by Shinnzaii > 2019-04-17 17:04 | Report Abuse

Heavenly PUNTER Yesterday ESOS

bad bad mouth...hehe

Posted by JayC > 2019-04-18 20:23 | Report Abuse

director bought more shares!!!

Posted by foreverchung > 2019-04-24 08:36 | Report Abuse

Today might have show boys and girls

Posted by Christ cs2020 > 2019-04-24 13:03 | Report Abuse

how u know? what show?

Posted by Sean888 > 2019-04-24 14:47 | Report Abuse

No show..no show..lol

Posted by JayC > 2019-04-24 14:51 | Report Abuse

if 1Q19 hit RM9m or EPS 3 cent. the show will start . dont worry sit tight.

One more month only