I have thrown 500 lots at 47c, keep remaining 500 lots for betting, but it seems chances going to 33.5c support level is rather high. I am ready to sell remaining at 40c. My conclusion to this counter is that throwing money to the ocean is better than buying AWC.
No need to thanks, rubbish stock takes time to get recycle. You said you make high capital gains by AWC? You must be super long term investor, or street says bungalow owners, I wish you luck, and wish myself luck also not going to that worst case scenario.
Fundamental wise, unless there's something to show, but it isn't, unfortunately. Proof it otherwise, ready to take on any advice for average down.
CEO of course say like that, how to be trusted is another story. You look at Q1, Virus, Politics, all black swan events, still "expected to improve"? AWC investors were all sold with a white dream, unless price shows otherwise.
I was told it's good fundamental, and look at how I ended up, hopefully not get fooled again. Play technical nothing to say.
Dividend all bullshit one, it's your own vested $$, u talk dividend unless your return has more than 100%, else it's just right pocket go left pocket, tell me if there's anything wrong? Strongly suggest privatize, don't stay here to cheat.
if look at fundamental, cash improve significantly & borrowing drop a lots.... it is a good sign for the company.... just not sure how long to wait the share price go back to 60cts
I think no shark here, boosa counters needed sifu to promote one, like OTB or KYY, else how sweet the FA is also sampah. So, I jz wait and see. If got sign of revival then nibb a bit more to avg down.
weec0008 u are right... no shark here... share price cant move.... if just wait for FA.... then need very patience to get reward.... at least now can see the company have a lots cash...
Hi Mr. abcb, I seek your clarification on “discount of 56%”. Your are buying something worth 0.224 per share at 0.4, is that a discount? I don’t understand your naming convention here, would u like to explain a little further?
Why still live in denial? Don't cheat la, you see the price like dying, not everyone like Warren Buffet, he clip his finger and turn things around. I burn money already for this counter, just to warn everyone who are reading posts here.
You talk about NTA only if the co. is selling everything, which is not the case here.
The lower net profit for the quarter was due to a one-off segmental loss before tax of RM3.5mil in the engineering division. If excluded the one-off pretax loss, the results shall be much better. Management had purchased own company shares during recent share price falls, which showed his confidents on AWC in long terms.
How long is long term? During volatile market environment this type of counter crash hard and fast, useless when you talk about long term, only reason is being tied in bungalow. This qr say this seg loss, next qr say other loss, you do correct action when the black and white results told you the truth. Loss means SELL, don't be naive with your hard earn money, unless it's free money, then you buy if you wish. Nobody would like to invest their money to make losses one tbh.
Actually I feel I still have some confidence in this company. Although they didn't make as much money, they still made money. Its not loss making at the moment.
Whereas their performance decline, is 2 quarters over 10. I would still say its viable for long term. Most will feel burnt because their 'long term' is around few months to a year. Whereas for some people their long term is 3 - 5 years.
No one company's performance can keep going up for all quarters. Bound to hit roadblocks every now and then.
> Actually I feel I still have some confidence in this company. Although they didn't make as much money, they still made money. Its not loss making at the moment. The thing is, why fundamentalist are all looking good on this AWC when the result didn't show it is? Why? How to justify as "fundamental" good company? You want fundamental why not go for QL, Padini, etc.? AWC is here to cheat people's money or what?
> Whereas their performance decline, is 2 quarters over 10. I would still say its viable for long term. Most will feel burnt because their 'long term' is around few months to a year. Whereas for some people their long term is 3 - 5 years. Assume it's viable for "long" term, would you still buy at such high price of 40c? You are holding for long term or you are observing for long term? It's different, I think FA in Bursa are all cheats, no such thing.
The thing is, when you see other counters enjoying quick recovery, AWC continue going to longkang, why?
AWC bosses are embarassing themselves by not taking the company private and return shareholders money.
weec0008 > True, I somewhat agree to this, but I refer to those who doesn't look at the counter often and doesn't have as much free flowing cash to pump or not. They might not be able to pullout so quickly I guess. Also some might be afraid to cut loss.
For those who have bigger capital / time to monitor I guess they could look at this with more control.
> weec0008 when did u see AWC green? buy 4D Toto win money faster.
Fundamentalist all go holland, never seen a crash like this, this is a perfect example where F.A. is totally useless. Go RM0.03 also no people will buy.
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....
weec0008
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Posted by weec0008 > 2020-02-26 14:18 | Report Abuse
I have thrown 500 lots at 47c, keep remaining 500 lots for betting, but it seems chances going to 33.5c support level is rather high. I am ready to sell remaining at 40c. My conclusion to this counter is that throwing money to the ocean is better than buying AWC.