I was not aware of that Utusan article. If sounds like what our Human Resource Minister is looking at is close to what the CEO of Datasonic is offering from a Malaysian company. Foregone conclusion, I will say Iris is nowhere near that.

Have to admit TA is good & Jebarb's assessment is reasonable. Hopefully it turns out right.

In the meantime it is best to take it as a short term trading stock until something solid comes out from the government. Maybe park some money on Prestariang who have the capability to engage in this evolving technology.

Sounds like both Iris & Datasonic are going to loose out to the high tech Indians in the long run. That's technology! It is always evolving & both Malaysian companies have to keep up with technology or become obsolete like the computer age.
https://www.malaymail.com/s/1682938/minister-malaysia-eager-to-swap-mykad-with-indias-aadhar-biometric-id-syste

https://www.thestar.com.my/business/business-news/2018/08/29/destini-scores-trs-job-in-myanmar/

FGV earnings set to turn around from FY18 onwards, says RHB
Read more at https://www.thestar.com.my/business/business-news/2018/01/29/fgv-earnings-set-to-turn-around-from-fy18-onwards-says-rhb/#50fwRzrtLsrAZcEI.99

This is definitely an election counter. It's just a matter of when BN (Govt) decides to push the button to get the price up.

(UPDATED) Drag suspects in FIC hotel purchase scandal to court, DPM tells MACC
https://www.nst.com.my/news/nation/2017/08/264750/updated-drag-suspects-fic-hotel-purchase-scandal-court-dpm-tells-macc

dinaffin.
According to NST, PNB & EPF are paying RM$8.8billon. Not sure how far they are to their target.
https://www.nst.com.my/business/2018/01/326503/pnb-epf-buy-battersea-power-station-16b-pounds. I think we can expect more bad selling by EPF.

Question? Is EPF bailing out the trouble Battlesea project ? The UK press is calling it another Malaysian bail out for an out of control cost blow out! The local newspapers Star & NST are not mentioning anything about a blow out of cost. The headline seems to be more about the success of the Battlesea project and EPF & PNB also getting involved in this successful Malaysian story. So what is it? Is it another 1MDB in disguise?

Malaysian funds buy Battersea Power Station for £1.6bn in biggest ever UK property deal. PNB And EPF To Bail Out Spiralling Costs Of London's Battersea Power Station!
http://www.telegraph.co.uk/business/2018/01/18/malaysian-fund-buys-major-stake-battersea-power-station-uks/
Is this why EPF keeps selling.?

https://www.nst.com.my/business/2017/12/311078/prestariang-dell-collaborate-skin-project

More news on progress with SKIN. "Prestariang appoints INCS to deliver SKIN"
https://www.thestar.com.my/business/business-news/2017/12/05/prestariang/

IMHO I believe the financing is not a problem. The announcement will come in due course. It should at least retrace by 30% from the low of today maybe far short of it's high of $3.24. Today's low is already below the the low of Dec 2014. Next low could be $0.77 of Aug 2013, which I do not believe will happen. Please do your own research.

Good strategy of shaking the tree to drop off those loose monkeys. A big drop of 10% after a long unimpressive price movement will certainly panic some of those hangers. Best time to get on.

GoodCompanies. Good comment and a reasonable assessment. Thank you.

GoodCompanies
I am not sure where you got your figures from. Back on the 31st Oct I posted the following:

Production of:
Fresh fruit branch : July 436,252MT, Aug 404,948MT, Sept 385,170MT
Rubber : July 440,656KG, Aug 366,059KG, Sept 247,723KG
CPO produced : July 289,208MT, Aug 283,261MT, Sept 272,227MT
Palm kernel produced : July 71,980MT, Aug 70,940MT, Sept 69,208MT
Not good. drop every month for the last 3 months in every category. That is a direct result of not having even a CEO. Hopefully somebody inside is looking into addressing these results for the next month.

Chaostrader. Sorry for the difference in opinion. If you want to start a new venture you start of with a business plan. well basic cost benefit analysis to see if you can make a profit & then present it to your banker for a loan to partly finance it. You will not get anywhere with your banker without a proper feasible business plan. Am are right? Nothing happens in the real world without proper cost benefit analysis. I didn't think he came fro the "UMNO University". I will leave it at that, I have said enoughon this & the market seems to be reacting the same way. It looks like it is going to be a long ride. At least it is FELDA & hopefully not much damage on FGV.

This guy is an Economics graduate (Statistics) from University of Malaya with a Master of Business Admin from Switzerland. What does that tell you. Basic economics is all about proper cost and benefit analysis, more so in statistical analysis. Is this a KOPI-O degree? You tell me.

Sorry, can't get away from this stupid idea of back to nature. Sounds like a little kid making a comment to his father that this is a good idea. OK, so (father)Tan Sri Samad is going to run with it with an allocation of RM10Millon. It didn't come out of his own pocket! He is willing to throw RM10M of shareholders money to find out. That is typical political appointment. If this is your company would you go down this track just on a hunch without proper research? I can guarantee this will end up being another money draining, unproductive exercise. He is not worried because It's not his money why worry!! It's only when you have huge vested interest that it matters. If that is the case you won't find him making silly decisions like that. His shareholding is probably give free as part of the job. NO BRAINS
Sorry, excuse my very vocal and critical view. Please do your own analysis.

GoodCompanies. I get your point, thank you. My argument is do what you are suppose to be good at right first before getting your fingers into other pies. Diversification is a big operation, eg people power, knowledge, money as well as know-how. If we are making money the logical step is to reinvest any left over from dividends back into replanting instead of jumping into a new new venture with no proper cost/benefit analysis of such a venture which could in fact be a further drain of our limited cash reserves. How much do they think these tourist venture can generate in cash? If we have huge land available then they should be replanted so as to enable us to generate a continuous flow of income into the future as the yield of the older trees decreases. My basic argument is get what you are good at first right before venturing into other business which you know nothing about and untested in the market place. That is the problem with political appointments.

"SAME SAME BUT DIFFERENT" Felda London property exercise & this new Felda Smart city project is basically the same. It is sidetracking & finding new ways to siphon money for the insiders without looking too obvious. All they need to do is monitor the estate workers properly, ensuring they don't go to sleep like MAS and no loss of fertilizers. GOOD OLD PROPER MANAGEMENT! Looks simple enough to implement.

‘Smart city’ for Felda settlement
https://www.thestar.com.my/news/nation/2017/11/15/smart-city-for-felda-settlement-programme-to-help-community-generate-income-via-internetbased-busine/
Getting off the main purpose of the business again. They really only need to get back to basics & concentrate on the main part of the business. Getting off track just to satisfy Ajibkor GE14 strategy!!

Someone is making sure the loan stock conversion price of 1.18 is not breached. The big order appears when the price is threaten. Just doesn't understand whoever it is having a road block at 1.21 on a potential 3% profit. Maybe a fake selling order..

Some big player out there with a huge blocker everytime it gets close to 1.21, as well blocking it from going down below 1.17. This can only happen if they have huge volume. The order gets placed whenever it gets close. It's not there now. Was there yesterday as a buyer before cancelling it, & there before lunch as a seller today but has since pulled the order. Not sure what is going on.

Malaysian palm oil price climbs, tracking strong soyoil
Read more at http://www.thestar.com.my/business/business-news/2017/11/02/palm-climbs-tracking-strong-soyoil/#Xk7kO7bkDoFR2MMv.99

'New posts to strengthen FGV ops'
https://www.nst.com.my/business/2017/10/297266/new-posts-strengthen-fgv-ops

Production of:
Fresh fruit branch : July 436,252MT, Aug 404,948MT, Sept 385,170MT
Rubber : July 440,656KG, Aug 366,059KG, Sept 247,723KG
CPO produced : July 289,208MT, Aug 283,261MT, Sept 272,227MT
Palm kernel produced : July 71,980MT, Aug 70,940MT, Sept 69,208MT
Not good. drop every month for the last 3 months in every category. That is a direct result of not having even a CEO. Hopefully somebody inside is looking into addressing these results for the next month.

Not sure if this budget is going to spike the share price on Monday. Most of these spending were already released to the market before Zac was told to take a leave and were already taken into account in the current share price. ONLY POSITIVE and satisfying solution is for EPF to now move in. I think the $5,000 for Felder settlers will most likely be enough. After all their holding in shares are not extremely high & the cash will more than likely compensate their loss. CASH IS KING. Ajib will do another round next year to help them, if they keep whinging. In the meantime if you all are looking for greater than $2.50 (me included) then I think it is going to be a long wait. At least after GE14.

Touch Points Bajet2018
Page8, Welfare of FELDA settlers
# Special incentive payments to settlers of RM$5,000
# Cess money will be reimbursed for replanting scheme from rubber to oil palm (RM43M)
# Oil palm replanting programme (RM60M)
# Construction of 5,000 of FELDA Second Generation home (RM$164M)
# Upgrading of roads, water supply system and street lights in FELDA (RM200M)
English https://drive.google.com/open?id=0B-I9w2zwg0KiX0hUTHFsODN3aUU

Iris Corp group MD resigns, new group CEO appointed
Read more at http://www.thestar.com.my/business/business-news/2017/10/16/iris-corp-group-md-resigns-and-new-group-ceo-appointed/#rX92YVPQx0ct3vU4.99

Just let us know what is happening with Z & if we are having a new CEO, so we can all move on. We can then make our decision to dump the shares, sit & wait, or put it back at the bottom of the standby queue if we so desire. Whatever it is that 45-50% spike in the share price is not going to happen this side of GE14. OK, I am calling it as I see it. Lets wait for GE14 & prove me wrong.

Here is a class action taken by a law firm against one of the biggest bank in Australia today.
http://www.thestar.com.my/business/business-news/2017/10/09/cba-hit-with-class-action-suit-over-money-laundering-rule-breaches/
Can anything like this happen in Malaysia?

Let IOI run FGV then we will all be looking forward to past $3.00. Anything else is just wishing & dreaming.

RM 2.53 is just dreaming! That is a 44% jump from today's high. Maybe 6 months after GE14.

MSWG is a spineless organisation. If they are worth the name the represent they should have taken all the Directors to court.

http://www.theedgemarkets.com/article/mswg-urges-fgv-ascertain-zakarias-status

With the judiciary system stack the way it is, don't think any lawyer have any chance fo seeing any daylight. Just look at MACC. How many have been arrested and force to wear the yellow T-shirts. What happen to them? Only for show, I don't recall anybody in prison for any reasonable sentence.

Sorry, over 4 months.

The whole board of Directors should be sacked if not charged for breach of their fiduciary duties. Maybe there are some smart legal eagles out there who are willing to take this to court on behalf of all the other non- GLC shareholders. How can you all as Directors let this company run without a CEO for over a month?

" Let Datuk Azhar turnaround the company. Datuk Azhar approach is convincing and more talented as compare to Z."
Would you like to elaborate further on that statement. I don't recall any significant event that happen in Malakof or MRT that can be attributed to Azhar. As far as SIME DERBY is concern it was early in his career when he was still learning & part of a team. KING of plantation is definitely an overstatement.

Shahrir likens Felda selling London hotel to selling a Ferrari
Read more at https://www.malaysiakini.com/news/397645#dTT1LIsZKz8tUbL2.99
Hope FGV have a different opinion of doing business. It should be about value added business, not an asset trading company! If that is what FGV is also thinking then we need a new CEO urgently. We will never make enough capital gain to fund all the benefits & freebies that they are throwing at the settlers every year.

It is more important to have a seating CEO than a Chairman. Without a CEO there is no direction, the company is on standby mode. A company of this size of market capitalization without a CEO for over a quarter is unheard of. It only happens because this is a government link company. It is OK, just keep paying all these Directors their big fat fees and salaries for doing nothing.

limch. Sorry, I still hold 200,00 shares (av cost $2.01). Like all of us we are waiting for the spark effect of GE14. It's been awhile. I think it has already been settle. Ajibgor strategy is throw the money at the settlers. As long as they get their short term gain they are happy. "CASH IS KING" might work. It will cost BN more to try an prop up this counter & these settlers are not thinking of the long term.

If Zakaria go it will wipe off another 0.50 of the price before it settle. What on earth are they thinking? The longer it is for the news to come out, the more chance it is bad. Time to sell before it drops again. It will take awhile to settle and then come back.

http://www.themalaymailonline.com/malaysia/article/resolve-patent-right-dispute-companies-told