The boss always want cheap shares.
He want to buy 62.5M unit for Rm 7.5M (after consolidate). That mean around 0.035 per share at current situation.
While Esos, is being estimated to be at 0.040 of current.

I understand to reward the employee (this is good) and company require more capital to expand.
Why not, RI for chance to all share holder to subscribe. If not fully subscribe, than boss can wallop the remaining portion.

It is SOLD at Usd9.7M.
Barakah top up another Usd1.4M for settlement with Exim Bank.

Tomorrow submit regularisation plan.

Then exit PN17.

When Enquest pay, it will be net profit to company.

Now that we know Baxtech is the one who ceased the 67 million shares at lower than market price. Thanks Mr Kotaro.
Do the company have intention to keep their shares in public market? They should be able to submit their regulation plan if they really want to.

Looks like a serious buyer for Kota Laksamana had emerged.

https://www.klsescreener.com/v2/news/view/1392307

The Ministry announce that Data Centre to hit Rm3.6b

https://theedgemalaysia.com/node/721974

Obviously from previously announce by K1, they are involving into this project.

https://www.klsescreener.com/v2/news/view/1359717

It mean K1 have some portion of Rm3.6b cake

The QR announced was good.
Hopefully SC will convinced to extend regularisation plan submission date further.
While Kota Laksamana 101 is schedule to be auction in mid June (this month) , if there is a buyer it mean that Barakah can exit PN17.


https://www.xindemarinenews.com/m/view.php?aid=54520


When is arbitration result between Barakah and Enquest will come out?
Hopefully Enquest will have to pay full amount that court had decided.

How come can earn so much?
People say, steel is cheap nowadays and china is dumping their steel to oversea at cheap price.
Yet, still can earn profit.
Regret that I cut loss last time.

Such a bad QR today

https://www.cnbc.com/2024/05/17/china-pledges-billions-in-measures-to-support-struggling-property-sector.html

Finally, China government announce support for property developer.
More project can be finished, steel price shall be stabilize.

3 consecutive 2 sen dividend.
Will there be another one dividend announcement during QR release later next month?

Another new contract with no reaction from market.
Sign of loose confident in company or loose confident in contract award legitimate?

Seems like people dont trust government contract anymore.
Today award, tomorrow cancel. Flip flop

Well, I am inside Betty camp fir now.
Informations from company's announcememnt and media news, Iris had been granted by current gov to continue Niise project.
Only why the operator (market maker) is suppressing the price remain unknown.Seems like the tickets they bought at 0.105 ~ 0.110 is being sold at 0.100 and below.
Regarding the sale of IITSB; my tin foil theory say that this daughter company is responsible for intergration system from module placed at border enterence to Immigration central database. And its maintenance. BUT the module is still under the mother company.

Refer the below video about Border Control Module developed by Iris.

https://youtu.be/hPFsdr_TZuc

The dispute between Barakah and Petronas exec & former exec had been withdrawn from court. (todays announcement). Possibly it had settled outside.
Hopefully Barakah gain some benefits during the settlement negotiation.

Ouch...

https://www.theedgemarkets.com/node/661345


**************************************************************************
Stock: [IRIS]: IRIS CORPORATION BHD

1 month ago | Report Abuse

https://www.theedgemarkets.com/node/656180

The keyword here, "selective prosecution".

Now, I just want to continue watching Frankie Answer Question. Nice one la Frankie....

https://youtu.be/Oj6T5YjLGMg
****************************************************************************


Looks like Technology crack down is really taking place.

Directors and CEO are buying (from today's announcement) . Is there good news to be announce?

I thought Iris were awarded the Niise project with S5 participation in the project as a term and condition.
Then, why Iris is being drag into the so called "son-in-law" chaos? I thought this guy only relates to S5 not Iris?

https://www.thevibes.com/articles/news/11037/muhyiddins-son-in-laws-shadow-looms-over-rm1.2-bil-immigration-project

Where is S5 in the contract holder?

Prices for iron ore cargoes with a 63.5% iron ore content for delivery in Tianjin were near $130 per tonne, approaching the eight-month high of $133 touched on February 21st as investors remain optimistic about Chinese demand this year.

Steel rebar futures rose above CNY 4,300 per tonne in March, the highest in eight months, on optimism of higher demand from China as the country enters peak construction season and is set to announce more fiscal support. The Chinese government announced a 5% growth target for this year during its National People’s Congress session, paving the way for more stimulus for infrastructure. Meanwhile, supply remained tight as major steel production hub Tangshan was forced to extend its production halt in response to heavy pollution. Also, steel mills were forced to make higher bids for iron ore since adverse weather in top iron ore producers Australia and Brazil limited shipments.


"article from Trading Economics"

Trade at your own risk.

The tailwinds is pointing to a good direction for steel related counters.
Last QR (Sept to Dec), the steel was priced at:
Sept CNY 4000
Nov CNY 3500 (dropped)
Dec. CNY 3900 (recovering)
Basically all steel related company QR was bad.

Jan'03 CNY 4100
Feb CNY 4200
as of 14 Mar CNY 4339
Practically, next QR forecast should be better.

Trade at your own risk

Sonos (ticker: SONO) posted 57 cents of earnings per share on $673 million in revenue, ahead of expectations for 38 cents on $594 million in revenue. The stock was up 13% the morning after the release.(9 Feb 2023)


Dont know what else is pulling the leg....

https://www.theedgemarkets.com/node/656180

The keyword here, "selective prosecution".

Now, I just want to continue watching Frankie Answer Question. Nice one la Frankie....

https://youtu.be/Oj6T5YjLGMg

What really a question mark to me, if these huge amount sell is to depress Iris share value, then why Dr. Poh is not buying more at this price?
We know that he has been collecting Iris share from 0.30 way down to Oct'22.

Director share disposal according to announcement today. I wonder, will the QR comes out good?

Steel rebar futures are trading around CNY 4,006 per tonne (yesterday price) , down from the six-month high of CNY 4,180 touched on January 30th after a survey of post-Lunar New Year inventories of steel products in China showed a significant increase.

"article from Trading Economics"

Trade at your own risk.

Why is the so called Principal Officer disposing their shares? (recent announcement)
Very odd, is there anything that they know but we dont?
Coming QR not as good as expected?

Steel rebar futures rose past CNY 4,060 per tonne in January, the highest since late August, supported by expectations of higher demand and signs of tight supply. Iron ore costs in China jumped as cargo surveyors flagged a sharp decrease in shipment volumes from major producer Brazil, leaving blast furnaces scrapping for the steel-making ingredient.

"article from Trading Economics"

Trade at your own risk.

Today, bulls rampage out of cage.
Try check Bullish Pennant pattern to see how much TP should be…

Well spotted @Hoot9ee. But didn't you notice the incremental of Scope's revenue recently?
This is showing that Scope's performance / business growth is very good which is very positive sign.

Some people want to
buy a FAIR COMPANY at a WONDERFUL PRICE.

But there is also some who want to
buy a WONDERFUL COMPANY at a FAIR PRICE.

Most important is we trade at our own risk.

Looks like kingkong_doll and cbkia4896 was persuaded by @akuantiguru.
Meaning that aku antiguru quite persuasive. Not bad that akuantiguru.

Oil already filling up at USD76, default payment had cleared, project payment on the collection path.
So, we are coming to Golok lor.

@Supermodel. I dont think it is overvalue. In fact, I agree with Avantador. If you look at a small picture today you may feel that way. But Scope is expanding. Maybe if you hold this comoany stock for another 2 weeks you may see whether 30sen is fair or not.
Furthermore, you have 3 yrs to decide whther to subscribe or not. Have peace .

Wow, good news about the warrant. I did not realize until I read here.
Warrant is good opportunity for longterm investor. Plus with company like Scope which had made collabration with Inventec, surely the subscribed money will be invest in healthy development.
Only dont know whether operator will press down like Mestron ir not.

Today we have tweezer bottom, which may signalled a reversal. If tomorrow close green, then the reversal signal is confirm. Let see how it perform tomorrow.

This personal view for learning purposes only. Trade at your own risk.

marubozu.

This kind of candlestick shows that there is so much buying interest in the stock or the market participants are willing to buy the stock at any price during that trading session. Hence, the price of the stock closed near the high point for that session. If the bullish marubozu is shown at an uptrend, this strongly implies a trend continuation. But when it appears in a downtrend, it shows a trend reversal, that the sentiment of the market has changed and the stock is now bullish.


copy from
https://www.google.com/amp/s/patternswizard.com/marubozu-candlestick-pattern/

Now, Scope had cleared its 2nd Resistance for TP1. Hopefully it will close at 0.305 or above.

I also agree, good to invest in. Scope is in good condition.
In my personal view, Scope is now already valided its wave 1-3-3 after last Friday's candle body exceeded 0.275.
Please trade at your own risk.

Hello Mr. @willee2,
I think you have misunderstood what ggcomliao said about 0.26 "not high"
***************(*****************************
willee2 says the person who said this (:


ggcomliao chill 0.26 not high
29/07/2021 10:

lololololol. rubbish acting almighty.
01/08/2021 1:24
**********************************************

I think he tried to comfort kamirise360. If you see his conversation previously, he bought at 0.27 which is higher than kamirise lar.
Be calm, have peace my friend.

@Stockrichteller, I know what you mean. It's about Mykad project right? Iris is second runner for the project. But this company have experience as it already supplied to Senegal gov. Let see whether they can beat the front runner or not.

Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.-John Templeton

Basically this is the cycle of markets and stocks. Stage 1, nobody wants the stock because the stock is mostly negative conditions. Stage 2, minority see's the potential and buys some of the share. Stage 3, news of profitability and growth is starting to show. More people buy. Stage 4, everyone knows the promising growth story and bullish target prices, rushing to buy the stock no matter how high it goes.

copy from:

https://klse.i3investor.com/m/blog/CCthoughts/2021-07-31-story-h1568902272-These_6_Stock_Tips_will_SUPERCHARGE_your_RETURNS.jsp

Then wait for pullback.
Haiyahhh, I dont know la… wait pullback better ka or now better ka.

Thanks guys. Now I understand.

Mr. @Peace99, Isn't the price had already been adjusted after the RI ex-date?
Sorry, I do not understand what the discussion is about. Especially what ggcomliao is talking about.

Mr. @Peace99, Isn't the price had already been adjusted after the RI ex-date?
Sorry, I do not understand what the discussion is about. Especially what ggcomliao is talking about.

Bcoz Me-Strong pole is the strongest self belief telecom pole???

Hoot9ee collected :)
21/06/2021 3:39 PM

Congratulation my friend. Now let see if there are bulls available.
But market seems weak. Maybe all bulls are captured for hari raya

https://focusmalaysia.my/markets/luster-in-a-rm1-bil-contract-to-build-glove-production-lines-in-the-us/

copy from their website.
|
|
v

Manufacturing Division
With more than 29 years of expertise in Electronics Manufacturing.
SCOPE Manufacturing division now expanding its production by establishing a new manufacturing plant
The new plant will increase its production area by approximately 154,000 sq ft from its current 145,200 to 299,200 sq ft.
The new plant is to be constructed on its 2.5 acres land in Parit Buntar, Perak which is adjacent to its existing plant.

Looks like it is true
:-)

@Hang Tuah,
Hoot9ee maybe not bother whether he can catch at 0.195 or not.
He want forecast that this counter become double bottom pattern before bulls kicks in.
I think…

Me too, got full refund.
Congrats my friend, I think you going to get it