Even share drop doesn't mean cannot go up back as seen after May'19 QR.

Ivory no bankrupt merely share drop is true.

Jesselton Peak land selling need more time bec land more expensive? RM 150 million sold in 2015 too cheap now? Should be above RM 200 million now?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6001717

If want dividend ctr take a look at Ivory. Yesterday announced 2.5 sen dividend.

2.5 sen dividend is like 0.5 sen for 5 years what to complain.

Dividend is like our money keep in banks. If longer keep does it mean no more?

kcgoh1234 where are you? Who say Ivory cannot give dividend?

2.5 sen dividend first ever Ivory declare meaning bad time over and good time ahead?

IPO RM 1 if privatise still lose money those buying last 7 years.

Privatised like Daiman? What offer price acceptable? Min 60 sen?

First dividend since IPO. Good news before AGM. Those attending AGM pls inform why Ivory cannot aim Tambun(also Penang property company) price by giving more dividend in years ahead.

Add more 28 sen. Thanks kcgoh1234 selling to me.

How much kcgoh1234 get paid to talk here? Why only here not other ctrs?

Penang World City RM 10 billion project why Ivory 27.5 sen only?

Latest QR mentioned RM 665 million unbilled sale. Who short Ivory?

smartbeng you not from Pg? Attend EGM also lazy?

smartbeng Penang World City Phase2 Launching d. Foundation works start.
16/02/2018 01:43

kcgoh1234 is damn disturbing. How to tackle her any1 can suggest? I on my part can click report abuse on her posts.

Sunway project I have found out.

kcgoh1234 why you always tell lies? 2 weeks ago inform lied abt Tanjung Bungah landslide today again. No wonder so poor. God will not bless liars.

Loss QR just announced. Sell.

5 years Ivory even hit above RM 1. Can do in 2016 or 2017?
http://klse.i3investor.com/servlets/stk/chart/5175.jsp

Catching up now. Still very cheap compare to Tambun, Farlim, Mah Sing, Ecoworld, Ewein ie other Penang developers.

Posted by Choy MH > May 17, 2016 09:45 PM | Report Abuse
Ivory too slow

Market tak bagus tapi Ivory cantik. 50 sen today or latest this Friday?

If Ivory decide to cash out of their Penang World City(previously Bayan Mutiara) they can sell land at RM 1,300/sq ft(5.42 times original price)? This(land price) is base on latest Ewein purchase of Tanjung Sri Pinang land. If Ivory does sell 100% meaning their profit on land sale become RM 2.166 billion(effective 49% stake currently) which is about 12.8 times their current market capitalization.

http://www.thestar.com.my/business/business-news/2016/01/16/ewein-gets-nod-to-buy-bandar-tanjung-pinang-land-for-rm28bil/
http://www.thestar.com.my/news/nation/2012/02/18/bayan-mutiara-land-sale-was-through-open-tender-ivory-properties-clarifies/

Latest balance sheet(Sep'15) show Ewein has RM 49.236 million cash. Where to find money to pay RM 2.83 billion? Borrow? Please attend KC Chong course whether this is acceptable.

Latest QR EPS 1.82sen. If annualized EPS should be 7.28 sen. If fair PE 10 Ivory TP 73 sen.

One of few penny stocks ever bought by Cold Eye. Will he buy again?

TP 75 sen next 2 years. Wait for Penang World City to complete and Ivory sales will soar. Good buy now.

mightymouses can you answer have E&O launch house sale on STP2?

mightymouses Ivory, you also need to brush up on your understanding just like anti_debt before you start asking. Immediately I can see you don't understand loan
Learn first
1. Bank disbursement for funds for new homes not completed yet/ not hand over yet
2. Bank disbursement for ready completed hand over home or second hand homes

Otherwise you are wasting my time.
Anyone who is at the correct level should criticize or promote

Buy low and sell high is right way to make money.
Compare to Penang based developers eg Ivory is very cheap at 37sen compare to Hunza Property RM 2.79, E&O RM 1.59, GOB 59sen, Farlim 50sen and others.

mightymouses is your so call make money from BTM buy at current price? E&O need to service their loan first before getting money from stp2 next 4-5 years. Like housebuyers do they pay you when they have yet to see the house built? In E&O case land yet in sight meaning few years(spending money) to reclaim land before can start to build any house.

Posted by mightymouses > Nov 1, 2015 05:48 PM | Report Abuse

I already made 750k from BTM in less than 6mths. I am looking for my next best stock. So continue to promote or critisize because I learn a lot from different perspective

mightymouses why is not favourable? Sales is going up but low price means good for those buying now. Unlike E&O wait for half price safer buy.

mightymouses if what you said is true why not consider Ivory. Both are Penang based developers. Advantage is Ivory only 37 sen only 23% E&O price.

Cold Eye bought before above 50 sen. Penang island property is still selling well due to limited land.

Not everyone or company qualified for bank loan. The banks that give loan to Ivory must have assessed Ivory can pay back otherwise the banks will end up in bad debts or non-performing loan. Vast on Ivory bank loan is tied to buy land which has appreciated over time. Like individual who take up bank loan to buy property if house price going up we still can dispose for gain. Same thing for Ivory if they dispose land which they buy with loan they can reduce their bank loan by disposing their land for gain.

Perhaps retiree or jobless people not entitle for bank loan hence they say bank loan is bad.

Those who have bought below 35sen would have made money. Even Dato Low Eng Hock(multi millionaire) never sell any shares during recent downturn meaning nothing wrong with Ivory.

Ivory Properties counting on Penang Times Square, WorldCity for better FY16
http://www.theedgemarkets.com/my/article/ivory-properties-counting-penang-times-square-worldcity-better-fy16

RHB-OSK TP 40sen.
http://klse.i3investor.com/servlets/ptg/5175.jsp

Ivory also cannot reclaim so much land in Penang why E&O must get special treatment?

Good QR(EPS 1.76sen). Now book construction sales(Penang World City) later can book property sales. Penang short of land so land price can only go up not down like share price. Mismatch in NTA and share price meaning good buy now. There is new substantial shareholder in Ivory meaning now Ivory very undervalued?

If want to buy Penang property I prefer Ivory(39sen compare E&O RM 1.77) with their great location Penang World City(near 2 Penang bridges) project. STP1(E&O) is near end stage while STP2 land yet to reclaim. Nowadays Tanjung Bungah(STP1) is not a nice place to stay due to heavy traffic jam along Tanjung Bungah road to compare 5 or 10 years ago perhaps may affect their E&O future STP2 project if traffic jam problems are not solved.

Buyers keen on Penang properties
http://www.starproperty.my/index.php/articles/property-news/buyers-keen-on-penang-properties/