huan72,if it goes lower buy to average down your holding cost. Better if u can get it around 0.25.I always buy between 0245-0.255. Pays between 1.5 sen- 2.5 sen dividend ,so can hold.
beware this counter went thru capital reduction in 2010 to set-off heavy losses. while this action greatly boosted the financial indicators; a closer look shows awc business pointing downward since then. this counter needs a biz break thru.
barring unforeseen circumstances, the qtr report next week should look "good" against same qtr last year which is a red(http://eresearch.bursamalaysia.com/download.aspx?id=14106&type=research). however, a green that is created by "chances" is unlikely to boost investors confident to hold this counter long, unless it is a concrete biz breakthrough.
28.5c a hard barrier, can slip to 24c if going opposite. yr $ yr choice!
AWC announced a capital reduction scheme which was intended to wipe out its accumulated losses of RM45.8 million as at 30/6/2009 (or RM43.9 million as at 30/6/2010). The scheme involves the cancellation of RM0.20 from the par value of each ordinary share of RM0.50. Upon completion of the scheme, the outstanding shares will remain unchanged at about 228.679 million units, each with a par value of RM0.30.
The accumulated losses arose when AWC took over an ailing listed company, Trans Capital Holdings Bhd ('TCHB') in 2003. That was part of a restructuring exercise & from here, AWC ended up with TCHB's accumulated losses of RM80 million as at 30/6/2003 (which was slowly reduced to RM43.9 million as at 30/6/2010).
The proposed capital reduction scheme is nothing more than an accounting exercise to clear out a unpleasant blot from its Balance Sheet.
Over the past 2 years, AWC has risen from a low of RM0.06 to a high of RM0.36. The stock is still in a downtrend, where the price movement can be fitted into a 3-fan trend line. An upside breakout above the RM0.30 could be the start of an uptrend for this stock. The horizontal support levels are at RM0.20 & RM0.23 while horizontal resistance levels are at RM0.33 & RM0.36.
This is not a recommendation to buy or sell. Buy/sell at your own risk.
Posted by houseofordos > Nov 17, 2013 06:56 PM | Report Abuse
faberlicious, that post from nexttrade is from way back in 2010.
sorry house but my TA is lousy so I just copy n paste . I've monitored and traded this stock for a long time,always trading between 0.24-0.30. Make money on this one many times. Think 0.25 very strong support level.Could be wrong.
OTHERS AWC BERHAD ("AWC" OR "THE COMPANY") – PRIVATISATION OF MANAGEMENT AND MAINTENANCE SERVICES OF FEDERAL GOVERNMENT BUILDINGS FOR SOUTHERN ZONE AND SARAWAK ZONE (“PRIVATISATION”) AWC BERHAD
Type Announcement Subject OTHERS Description AWC BERHAD ("AWC" OR "THE COMPANY") – PRIVATISATION OF MANAGEMENT AND MAINTENANCE SERVICES OF FEDERAL GOVERNMENT BUILDINGS FOR SOUTHERN ZONE AND SARAWAK ZONE (“PRIVATISATION”) AWC wishes to announce that Ambang Wira Sdn Bhd (“AWSB”), a wholly-owned subsidiary of AWC, had on 15 January 2014 received a letter from the Public Private Partnership Unit of the Prime Minister’s Department informing AWSB that the Federal Government has agreed in principle for AWSB to implement the Privatisation subject to the terms and conditions of the Privatisation to be negotiated between the Federal Government and AWSB. This announcement is dated 16 January 2014.
City Trader.....I have almost top 100 active counter from price 0.10 cent to rm2.00 with investment capital 500K....full time in stock market since 2008
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Posted by jennylee1382 > 2013-11-15 00:12 | Report Abuse
Faber what price should i sell it off