Jan 27, 2016 open 0.12 (multi year low) high 0.20 close 0.18
One thing I noticed that some people here misled traders about rights issue. The stock has priced in rights issue several times excessively They continued threatening trades with rights issue over a month.
On July 2013 Anzo gained funding through rights issue. The subscription price was RM 0.25. The entitlement date was 30 July 2013. The stock price was RM 0.23 on 3 September 2013.
Now the stock price is RM 0.12 with recent many good announcements and the last good QR. The subscription price was RM 0.20. The stock is too oversold. The stock price should at least RM 0.20.
Now after put in RM 52K, accumulate share 270,000 @ 0.120 - Mkt Value 32,400.00. Despite unrealized loss 20K, will never dampend my spirit to keep on buying this stock at lower price. Prepared to hold on on longer term until break-even price @ 0.200. Target to dispose if the price hit above 0.250
Just an opinion, avoid this stock if you cannot sustain the anxiety of seeing the price keep on dropping each day. For me I am already deep into this and need to hold on tight. But to those calms and brave investors, may be this is a good time to buy at low price. The decision is solely yours to decide at your own risk.
The volatility has been diminished greatly recently. High volatility is not sustainable anymore. 0.12 is still a strong support. You don't have to be brave to buy the stock for 0.12. Most probably the stock price will be higher than 0.12 in one month.
Fama–French three-factor model is a very famous model designed by Eugene Fama and Kenneth French to describe stock returns. In 2013, Eugene Fama won the Nobel Memorial Prize in Economic Sciences.
According to Fama–French three-factor model, Anzo is likely to be a good buy.
Today, a few select counters, eg System, Dolphine Intl and Johan Holdings are in play.
Whether they are targets of "pump and dump", only time can tell.
On the positive side, this shows that some syndicates are into some penny stocks today. Whether the play will spread to other counters, it is still too early to say and judge.
This article first appeared in The Edge Malaysia Weekly, on July 3, 2017 - July 09, 2017.
Edmund Tham, head of research at Mercury Securities Sdn Bhd, says the main thing to look out for in the second half is election play. “Construction and infrastructure will benefit the most from election play as we expect more contracts to be awarded in the second half. Despite the rally seen so far, I don’t think the market has fully priced in some of the projects,” he adds.
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Posted by hstha > 2017-07-12 00:07 | Report Abuse
Historical prices
https://www.google.com/finance/historical?cid=1066637989879327&startdate=Jan+1%2C+2016&enddate=Jan+31%2C+2016&num=30&ei=D7xTWeGJHMSCuQSH-o2IBQ
Jan 27, 2016
open 0.12 (multi year low)
high 0.20
close 0.18
One thing I noticed that some people here misled traders about rights issue.
The stock has priced in rights issue several times excessively They continued threatening trades with rights issue over a month.
On July 2013 Anzo gained funding through rights issue. The subscription price was RM 0.25. The entitlement date was 30 July 2013. The stock price was RM 0.23 on 3 September 2013.
http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=9342
Now the stock price is RM 0.12 with recent many good announcements and the last good QR.
The subscription price was RM 0.20. The stock is too oversold. The stock price should at least RM 0.20.