Aztech
Aztech: 1H FY06 Net Profit Up 75%
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There's selling...otherwise, there's no accumulation taking place.
If it can maintain a steady price, which mean you control the counter.
It's a matter of right timing and positive news where these accumulation will be release and push up the price. Stay for show time....
A stock goes down not only because few people are selling...
More importantly, it is because fewer people are buying...
And when fewer people are buying, the price falls and falls and falls...
even if the are only a few sellers. ... 
The OBV is still very good indicating very few ppl are selling!
You can check the buy-back from Aztech Website
http://ir.asiaone.com/aztech/announcement.html
see - i'm right. preclose 0.315 (250 lots) compared to the announment 250 lots. Bingo match
 Time |
Type |
Last
Done |
Chg |
Volume ('000) |
| Total |
Change |
| 17:05:03 |
Preclose |
0.315 |
- |
2,172 |
250 |
|
 |
Singapore Exchange |
Overseas Exchange |
| 1 |
Date of Purchases |
15-11-2007 |
|
| 2 |
Total number of shares purchased |
250,000 |
|
| 3a |
Price paid per share#; or |
Currency : S$
Amount : 0.315
|
Currency : [Select Currency]
Amount :
|
| 3b |
Highest price per share# |
Currency : [Select Currency]
Amount :
|
Currency : [Select Currency]
Amount :
|
| |
Lowest price per share# |
Currency : [Select Currency]
Amount :
|
Currency : [Select Currency]
Amount :
|
| 4 |
Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares# |
Currency : S$
Amount : 79,127.08
|
Currency : [Select Currency]
Amount :
|
yap will set to rebound provided the mkt sentimental is good otherwise forget abt it.
ya...it's the lowest for the past 3months. A rebound is set to start....
hmmmm...close at 0.315. share buy-back again let's see whether i'm correct before the announment.
Since it's high of 0.74 in mid-August (in less than 3 months), it's price has been downtrending till today which is 0.31 (less than half-price)...
And all this while, as it was falling, the 'fundamentals' were as good as ever.
So let's ask ourselves... is talk of 'fundamentals' useful at all?
Does it help us not to lose hard-earned money?
lol ericsim must be heavily vested like me..
dude relax fundamentals will prevail.
come-on buy 1 lot ($310-exclude brokerage) and show your support. surely that 1lot mean nothing to you right?? treat it as long long term investment...hehe
ha ha ericsim, if u didn't post this, i also don know they buy back shares everyday...
but, the more they buy, the more it drops.. how come ar? it breaks a very critical 0.33 support point formed on March 5, 2007. And with yesterday low at 0.315, that is the price of Jan 16, 2007. WOW ! the next immediate SUPER STRONG support point is at 0.25 .. that cannot be broken for sure.
i know it's realistic but hello support a bit lah don't let it drop to 0.30. Poor Co keep on buy-back share leh.
yeah, u r a guru la
Ok guys....watch the 0.30 target....is coming real soon!
Guys wait for 0.30
Repost here for easier ref
Aztech Systems (Nov 1: 38 cents) TP: 47 cents
MAINTAIN BUY. Revenue increased 8.9 % y-o-y to $67.5 million but net profit was down 28.6% to $3.6 million. For the FY to date, Aztech has secured $270 million worth of contracts, of which $85 million has yet to be fulfilled. Our FY2007 revenue and net profit forecasts are lowered to $264.3 million and $17.5 million respectively. Revenue and net profit forecasts for FY2008 have also been reduced to $324.7 million and $23.8 million. Our recurrent free cash flow-derived fair value has been lowered to 47 cents after revising our forecasts downwards. At its current price of 37 cents, Aztech is trading at a discount of 27.1 % to our fair value and with a forecast dividend yield of 3.6%. - NRA Capital (Oct 30)
Aztech tomorrow CHEONG AHHHHHHHHH
This counter has been laggard since the jittery on sub-prime. Before that, it was the darling of many people including the fund managers.
Ya. Looks like the management are accumulating and waiting to cheong
Let see whether US fed are going to cut interest again.
