Rights issue is misleading. The stock priced in rights issue several times and now the price is close to the lowest during the last 5 years. The company offered rights issue several times in recent years.
My average is at .182...for sure gonna pick up further if necessary cause I foresee it will just a matter of time...as todate 22000 lot...good luck..and God bless ..keep in money Bursa is known for where money changes hand..not a place for us to lose money...therefore on ly play when u have holding power and make as much as possible...
TP 0.24...if not soon I trust this year will be fruitful for sure..Selamat Hari Raya to muslim friends and for others have a great holiday ahead...Land Down Under...here I come...
GM68, why are you saying it is artificial? how long they will going to manipulate? Do you have any inside news that we dont know? i am very keen to know about this.
AGAIN, dont panic guys Take this opp to buy more at 0.13 - 0.10 Nothing drops lower than 0.10 If really do drop then you wont see my msg after that,lol Good luck
Possible loss: The stock may move back to RM 0.135, which is the lowest value during the last 5 years. I do not see any reason to go back to RM 0.135, though. The company's fundamentals are the best now during the last 5 years. Only investors' sentiment is bad.
We don't know where a bottom is, so buy the stock now. What is the reason why the manipulator wants the stock price to plunge? That’s because they want to buy the stock at a low price. After the stock price hitting a bottom, they want the stock price to surge. That’s why the stock price is likely to surge after hitting a bottom.
Anzo’s wholly-owned subsidiary Harvest Court Construction S/B was appointed as the main contractor for the work of revitalization of Hot Spring, Selayang, Batu Caves, Selangor. The project, which is worth MYR10.2m, is expected to be completed by 9 Jan 2019. Note that this is a related party transaction.
With this job win, the group has secured MYR119m worth of jobs YTD, which is equivalent to 9.6x FY3/17 revenue. In May, the group was also appointed as the main contractor for Phase 2 of the Porto De Melaka Hotel and Resort development (contract value: MYR109.3m).
It appears that Anzo is aggressively building up its pipeline. Recently, it has entered into a collaboration agreement (CA) to develop a 2.87 acres land at Petaling Jaya into a car showroom center with four blocks of office tower. It also entered into another CA to develop an e-commerce fulfilment hub. In Apr, the group also received a letter of intent from KL Northgate for the development of Paragon@KL Northgate which has an estimated contract value of MYR1.2b.
With a construction order book of MYR311.3m, the CAs and LOI mentioned above, Anzo is set to build a stronger footing for FY3/18. Note that the group has finally returned to black in 4QFY3/17 after 16 consecutive quarters of losses.
Valuation wise, the stock is trading at 1.8x P/BV, higher than its 3-year historical average P/BV of 1.4x. Note that warrants are not included in BV/sh computation as they are out-of-the-money. Despite the rich valuation, interest on the stock should improve going forward as Anzo is poised for a turnaround. 14/06/2017 11:54
OMG. TECPOWER said i am a fortune teller. So my forcast became a reality. 15 to 18 cts. Better than all the time saying its time tobuy. As far as i can recalled. He said no dillution. Everyone here is dumb. Ha ha.......i guess we are better than the dumber of the dumb. I guess there are a few ID that share the same view as me. As least dont get putih putih burnt for 8 cents. Despite it will definitely go up one day but when. The last rights issue, it traded at a tight and slow range of 8 cents for 3 years. I have been there. Only after three years i sold everything at 60. But now got trapped again in the rights sub. If want big angpow. Maybe have to wait 3yrs. Till the boss finish the said projects. Real money in the company. Now its all news only. To console oneself. Its a better investment than 3 yrs fixed deposits return. To all. Trade deligently here. Not easy to get big angpow. Maybe 2 to 3 cents la. If anyone is trapped like me. Only average down if it dropped by half. Like i said before. The boss only give big angpow to mid and long term investors. GOOD LUCK to u All.
A company's stock price depends on its past prices as generally speaking, it does not diverge much from a moving average. I don't see the reason why the stock price will diverge from a moving average this time.
2 people here said the stock price would stay flat after hitting a bottom. But what's the reason why the manipulator pushed the stock price down if they did not want the stock price to surge? Nothing beneficial to them.
My 2 cents, Win the job and contract need time to turn into profit, est 20% from total 120m for the hot spring and Porto de Malala are 25m profit or 0.05c only. Kacang only.
The biggest collaboration for car show room ca with e commerce hub, worth 1.2b, these depend their units really can sell and profit will turn out. This is why the right issue. Are there the demand? Already got buyer? When to complete?
Later the project delay due to some reason, IB will down grade their TP later.
The stock stayed above RM 0.2 most of the time with its very bad fundamentals. Now its fundamentals are best during the last 5 years. Why does the stock price need to stay below RM 0.2?
No analysts have been covering a penny stock like this. No TP. Haha
this kinda stocks no fundamentals,is just up to them wanna push or not, if they collected enough they will push,if retailers hold on,why they wanna push?
Some people invest in stocks with some problems. You can invest only in good stocks. Does not matter. But what will happen if all people want to invest in only good stocks? Companies like Anzo cannot gain enough funding.
I did not say anzo can't go up,maybe it will take a longer period.likely to trade on tight range cos the operators worry those trapped will dump to them.
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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....
Pmaster
5,577 posts
Posted by Pmaster > 2017-06-21 11:42 | Report Abuse
This two day will stand this price , c hows the movement on friday ,