On the 26th May 2017, you should find the rights in your portfolio. Can sell or can subscribe. Can contact your remisier/broker/investment bank or can read through the whole document for the how and where.
Thank you JamesPOnd and Ultrainvestor, really appreciate that:) all the while i thought is bonus issue instead of right issue, gosh, still have to pay rm0.20 for each right share. so the best way is wait after listing to sell the share or now?
If I sell the rights, i cant get the warrant c right? sorry am quite new here, sifu pls advise, tq!
At the moment, I don't know what is the best way. I don't hold any Anzo. Personally I don't like what they've done past few weeks. It created a certain reputation in my mind. But I'm open to changes.
If you don't subscribe, you don't get new shares and new warrants.
@Ultra investor as i buy in 0.295, and it is downtrend now ( due to syndicate pressing the price for another round)
option now for people who still holding as me:
1. Subscribe right issue and average it as much as possible (high risk cause it might drop further after right issue)
2. Hold it and believe on it. (The period of hold might be 1-2years forward / and depend on effectiveness and efficiency this company handling project)
This counter have no fundamental to refer, on see syndicate accumulate enough or not / want to goreng on so called "Good news" announced.
Ed Win, on the 26th May, you will find Anzo-OR in your portfolio. This is your rights. The no of rights should be as per the 4 to 6 ratio. You can trade it in the market just like any other stocks but only for a period from 26th May 2017 to 1st June 2017.
Technically edwin... i will be very honest... anzo is finish... FOR NOW. Slowly sell off your stocks at 27 cents (around 60% of current stock) and subscribe to your rights. That way less risky and u earn the difference of around 10 cents per stock. Enough to cover your loss of 29 cents.
i still feel sorry who loss in this counter. especialy lilyhery7973. took this for lesson learn. decision to cut loss very important when sign of downtrend obswrve
Sorry to see some trap inside this counter. Dont want comment too much, later got other start bombarding. Well, I think there will be rebound soon if the price maintain 0.250 to 0.260 range for 1 week at least, somewhere before ex-date. If dip further, then ......... anyway good luck. Pls check if you hold some hot top 10 counters or not.. some may not look so good actually. WIll not comment which 1, later kenak again. Take profit dont greedy. Lastly, be extra careful, if somebody keep asking to buy at cheap discounted for the hot counter. I mean hot counter ya. Some counters really good buy at the moment at discounted price. So, learn to cut loss, take profit, and look for REAL cheap and POTENTIAL counter. Bye and good luck.
Some ppl are optimistic abt this stock and many others are pessimistic. When Anzo was on its way up, 99.9% of all the comments here were good n positive. When on down trend, 99.9% were on the condemning side. In stock market, when everyone is buying, it is an indication to sell. Therefore, it is the right time to buy now. Buy at 0.245 or 0.25 and subscribe to the rights. You will not regret! Remember, do not trade on contra play.
lilyhery7973... apa sudah beli tunggu saja. Ada 3 chance utk anzo revive 1) rights issue (EAH is a good example) 2) QR (setakat jangan begitu merah sudah jadi) 3) KL northgate 1B project (kalau ini pun tak jadi memang sorry lah tiada apa2 yang boleh jadi sudah - kena tunggu rata-rata 1 hingga 2 tahun)
Wah... Anzo investors now so smart. Nobody follow after the sharks. Want to see it break 27 cents first baru cakap... kakakakakaka. Sharks sell tangan kiri to tangan kanan.
Anzo is trying to trap new investors. If by anzo style... tomorrow it will open up to say 29.5 and you will see it drop back to 26 cents. Classic anzo.
@adamant Anzo is trying to trap new investors. If by anzo style... tomorrow it will open up to say 29.5 and you will see it drop back to 26 cents. Classic anzo.
if tomorrow drop back then is meaning banker is just testing the share price at today, so this is under trial stage. As long as anzo is staying between the homily white lines, that's mean anzo is floating flat around 0.260. Either above or below 0.260.
KUALA LUMPUR, 17 May 2017 – Anzo Holdings Berhad (“Anzo” or “the Group”), a manufacturing and construction specialist, today announced an unaudited profit after tax (PAT) of RM1.27 million for its fourth quarter ended 31 March 2017 (Q4FY2016: Loss of RM3.84 million).This marks the Group’s journey back into the black after sixteen consecutive quarters of losses.
Datuk Eddie Chai Woon Chet, Managing Director of Anzo, said, “In the fourth quarter of our2017 financial year, we are starting to see the Group’s Construction Division contributing to our performance in a more tangible manner. This has resulted in a notable turnaround for the Group after multiple quarters of losses.” “As importantly, we expect the positive contribution from our Construction Division to grow from strength to strength as our project in hand, namely Porto De Melaka Waterfront, continues to make forward progress. With a total construction order book of RM301 million to date, Anzo Group is expected to sustain its current momentum and meet the Group’s strategic objective to turn profitable for our coming financial year ending 31 March 2018,” he added.
At present, Anzo is in the midst of discussion with MCC Overseas (M) Sdn Bhd, a subsidiary of Hong Kong and Shanghai-listed China Metallurgical Group Corp’s (MCC Group), to form a consortium to undertake the construction of Paragon @ KL Northgate worth RM1.2 billion, a mixed-development project with a gross development value of RM3.6 billion. The Company expect the consortium agreement to finalise soon
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....
Ultrainvestor
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Posted by Ultrainvestor > 2017-05-16 14:49 | Report Abuse
On the 26th May 2017, you should find the rights in your portfolio. Can sell or can subscribe. Can contact your remisier/broker/investment bank or can read through the whole document for the how and where.