Thursday, 23 February 2017

APFT: messy announcements

On January 17, 2017 the company announced:

On February 16, 2017 the company amended the above announcement:

Two changes, but both puzzling:
  • There was no "disposal of shares via open market" done on January 4th 2017 at a price of RM 0.40. 
  • It is not possible to announce on January 17th 2017 (the date of the original annnouncement) a disposal of shares in the open market to be done on February 6th 2017.

A second amendment was announced, but no changes in the above.

I guess we have to wait for a third amendment, will they get it right this time?

It all looks very amateuristic and reflects badly on the company.

Also, I like to reiterate a call to automate these kind of announcements.


  1. Totally agree with you.

    AI (Artificial Intelligence) will be a major improvement. The key word is "Intelligence"

  2. Thanks, I think there are actually several levels. The lowest level is very simple, if one claims to have traded X shares at Price P at Date D, is that actually possible where so many shares traded that day at that price?

    Much more levels down the road is probably what you mean with AI, with people (major shareholders or directors) holding several accounts, direct and indirect, on own name or nominee, then things become more murky.

    I would just start first with the most basic level, already a clear improvement over the current situation.