If you look at other shares that moved up, there was never a sell down before it moved up. I don't understand why this share the selldown is so persistent. I thought today would rebound but the selling still continued.
I will keep for longer term because I think a rebound is coming soon. There is no logic behind the sudden panic selling. No logic at all. And at 40 sen I fore see a strong rebound because this is the level when it started to rise from 40 sen to 49.5 sen. If it falls below 40 sen then investors will shy away from buying and supporting it. Nobody will believe in investing in AWC again like what happened to Genetec. I think Md Shah is smart enough to know that. He will not want AWC share to go down too much as he still got interest as a director to make sure AWC share price is stable.
@Munger no wonder...he is just another shareholder like you and me taking profit after the huge rise. My apology. So AWC fundamentally still intact and drop is just because 1 substantial share holder selling and created a panic selling wave. No worries. It will rebound once everything is normal back when the next QR report showed improved profit. Good luck brothers!
today share drop because md shah dumping share on open market, 10million share is not a small amount, hence not a substantial shareholder anymore.. Md shah is not a director, he is just ordinary people like us.. Base on this latest news, market usually need few business days to stabilize. I think 0.39 to 0.41 range is the best buy, just my opinion, not necessary correct
based on 2015 price movement trend, it started from 0.30 in early Jan & reached peak of 0.485 just 10 days ago.. that's a whopping 62% increase within 4 months..
hence be watchful again.. since it's dropping, its good to pick-up at low discounted price.. those playing contra, please dont try to average out unless we pick-up.. otherwise we will get burn or our profits could get wipe out..
as some of you mentioned the par-value is 0.30.. hence there's always a possibility of it to reach 0.30.. even the FA is good, but most of the price movement /buying-selling volume depends of TA as we all know..
Redtone case in point, even the Sultan also invested in it & Berjaya group subsidiary bought it, the price was 0.80.. those bought at 0.85 & above will get stuck & perhaps need to wait for some time to break even / make profit.
hence be watchful.. the market is always there (so many counters) but our capital is limited & need to protect it to optimize & generate many small profits..
@Raydiant I think it will rebound back to 44 sen - 47 sen range next week after all these selling is fully absorbed anticipating a good report coming in May just a few weeks away. Buy on weakness.
Many times when there is a sharp drop it is an opportunity for those waiting to enter. They enter at a low price and at an advantage position. Last time Wintoni sharp drop below 30 sen and many were selling like no tomorrow and Wintoni rebounded sharply back to above 40 sen. So there is no right or wrong except you need to be strong and have faith. Low price is good oppotunity for those who dare to buy in and take that risk. Wintoni dropped to 31 sen and it rebounded back to 37 sen for a gain of 6 sen. So I am hoping AWC also rebound back to 48 sen. I hope those who dare to buy at this low price will eventually laughing to the bank with huge profits later when the QR report is released. Hope AWC will jump to 70 sen which is my target for long term.
@dynafocus91...If you ask me of course you can enter. But you need to put a stop loss at 41 sen. My entry price is 44.5 sen and you are much lower entry price. But I am keeping for long term. Good luck.
Reason I ask you to put a stop loss at 41 sen is just a safety net in case the stock being sold down. Anyway playing shares there is risk involved and not 100% fool proof..but AWC is fundamentally strong and if you invest in long term you are not worried because there are plenty of contract in the pipe line and the sell down is just temporary. Once the QR report is out and profit increased, the price will shoot up again.
AWC is undervalued. Totally undervalued. TP above 50 sen. Look at PRiva already 42 sen. Please compare the profit and earning per share AWC and PRiva. AWC should be above 50 sen by now.
Thanks for your advise Richkid....will slowly accumulate at low price since I still got bullets..Previosly my enter price is 0.45...let's wait for rebounce!
Please dun compare Priva with AWC, both different company.. PRIVA is a technology company, so usually have high PE, average at 28.. AWC is a trading/service company, average PE 17 . Plus there is also other factor will influence PE also like company future grow prospect
TA traders who still got profits sell to lock profit and sideline and re enter when the dust settle. FA traders keep accumulating and adding hoping good news will come on 27 May , and hoping for the dividen ..announcement .. suit yourself which is best for you depending on your entry point.. cystew and the geng plus that MD obviously add to the velocity to make this counter a good game to play..
AWC had on 6 March 2013 declared a second interim single-tier dividend of 1 sen for FY13, bringing total interim in the 1HFY13 to 2.5 sen, or a whopping net yield of 10.4%. Recommendation We maintain our Sell recommendation at this juncture. While earnings from Facilities will provide some form of stability, we have yet to see any earnings growth catalysts going forward. Business fundamentals remain challenging, with the Environment and Engineering divisions expected to continue to struggle, in our opinion, in the absence of new major contracts. Additionally, there has not been any material development in its MoU with NihonTuna Resources Corporation in relation to the management of marine facilities which AWC entered into two years ago in 2011. Prospective FY13 PER of 11.7x appears to be rich vis-à-vis its growth prospects.
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tradervic
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Posted by tradervic > 2015-04-24 11:37 | Report Abuse
As for par value, I have seen many shares with prices below their par value. Though AWC price should be above par value since its profitable.