Wow!!! must sell my mother shares right after bonus x date real fast before these people convert icul to mother.. Otherwise everybody will be rushing to convert icul to mother shares and sell to take profit.
Look like the competition to sell start after the bonus x date. whoever sell first get better price.

haha buy rm13 only?

Sorry... wee brothers a long term investors...just like in Pesona. Mkt trust them.
Whoever want to dispose can dispose.... now collecting mode.
0.05 - 4 cent perday.

Wee brothers who own 66% Pesona Bhd emerge as new substantial shareholders in Takaso. They must have for good plan for Takaso and is expected to bring value to the company.
Pesona Metro (previously known as Mithril) rose from 8 cents to 92 two years after Wee brother took control of the company.

CBL even being a director take half cent profit.... buy 7 cent sell at 7.5 cent. If you don't trust me go check history bursa announcement of utopia (previously known as tejari). No surprise in this counter he buy 8 cent and sell 8.5 cent.

Old timer start to move.....watchout....

Jimmy already stuck in LR now blame me. Sorry jimmy nobody going to bail you out. Now 4.5 cent. This LR cheat from day 1 by fake reference price. Everybody got slaughtered earlier than you on the first and second day. The fact that you ask where i got the 41.5 cent reference price just now seems to suggest that you just jump either friday or today.

Once doing mass slaughtered mkt don't waste time anymore in that counter. ... Now goreng takaso... breakout hahaha

Felda and Mara buying

look at the number of share issue in SCIB and compare it with BJCorp...then u understand why SCIB move and this BJCap cannot move.

getting lower and lower despite good financial result..huh...

ok if someone have 100k to invest and have no other counter to buy because fall in love already....can buy around 2000 lot LR.
But look at the volume...that 2000 lot don't make a change, while seller keep growing (not enough money to convert). This beast is heavily traded with volume on the back of thinly trade IBhd. It is not like Aramada OR or any others in which the ratio is reasonable and not on active list.

Mkt can't absorb it as yet...supply far exceed demand (5:1 ratio for LR)....it is a great shock to the mkt even to shareholders as company demand too much cash from shareholders/mkt.

*LR not ICUL

The 41.5 cent reference price --- is the reference price on the first trading of ICUL...it close limit down at 11.5 cent on first trading days. The reference should be 26 cent taking into consideration adjustment price from bonus issue.

NTA 69 cent is mentioned in the prospectus...after completion of the exercise. Yes growth possibly but not that as of what we see now since the share issue have increase tremendously.

ok cytew... i help you to calculate...

you want to buy only 100 unit LR ...(that mean 1 lot only)..
and 1 million at excess.

So you needs to ready a cash a little bit over rm500,000.

If got million of cash in hand then should be good for u.

No i don't buy high price..

I do buy ingenco warrant at 3 cent when it first listed. Then it go down to 2 cent. I hold and finally sell at 4 cent. That all.

hummingbird.... yeah smart investor know how to evaluate....that why this counter don't move and stay 50 cent. Unlike other company which small issue share, this company have 4 billion plus share issue. It is not easy to move unless mkt is super strong.

It is basic economic supply and demand. Oversupply will press the price down.

To make it easier to understand ....It always easier to move 200kg weight rather than something 4000 kg.

Thank johnny for the reminder. i3 would be proud of you by keepimg forum member to be well informed.

Lembaga tabung haji keep buying...

cytew.... if you want to take up the LR go on and the company welcome you. In fact they try very hard to lure you in including fake 41.5 cent reference price on the first trading to make sure the LR look cheap after discount. Yet nobody want as it required huge cash money. It cheap now. Several hundreds million change hands and it is getting cheaper and cheaper. Your entry at least relief some of those without cash to subscribe to dispose today (last day). Because it needs a millionaire to subscribe 10, 000 lot LR and as it require over half a million ringgit cash. Me want to get huge excess application? No, i am not a interested at all.

By the way, why are you so eager to to get people to buy LR? So that you can dispose million of LR in hand. Yeah today is your last day to do so and good luck to you.

air...
If you buy rm30,000 worth of share and it become rm20,000 that still normal and acceptable
But, if you buy rm30,000 of LR and it become 0....(because you don't have the additional rm500,000 to subscribe)

Then i think it should be a concern....and someone with knowledge should inform the ones less knowlegeable....

Anybody think they are getting an offer to buy the share at 69 cent...they probably need to rethink.... because after the entire exercise NTA will be less than 69 cent.... as stated in the prospectus.

There a hundreds of counter listed in Bursa trade below NTA...

If anybody make money out of bullying, cheating others especially those less knowledgeable like market newbies.... believe me.. KARMA will punish you....

Greedy shareholders will be punish by mr market and market will remember the slaughter on LR buyer because it is actively trade.

Market will remember this ...as our market consist of the very same people. Newbies come from time to time and losers will left the market. Experience traders / investors will remember the mass slaughter of the investing public and will shy away from the counter.

If anyone plan to buy LR I just want to give a friendly reminder.....if you buy 1 million LR (10,000 lot) for example at 0.03 you need to pay rm30,000 + 500,000 = rm530,000.00 to subscribe the ICUL. That is more than half a million ringgit.

If you don't have the rm500,000.00 ..your rm30,000 will become 0 (you lose the entire rm30,000). LR last day trade is on Monday 22/9/2014...after that no more LR.


*Pls note that several hundred million LR probably still in the hand of someone and they probably want to dispose it by Monday 22/5/2014 unless they are millionaire and they don't have any other counter to buy/invest.

A listed issue which is active and cheap normally attract newbies and many of them do not know what kind of beast they are dealing with. That should be the concern as it involve investing public. Rich guy like tjh and forever should not be a problem because they are millionaire.

My no (2) Announcement of bonus issue is made 1 trading day before the listing of the LR / OR (Bursa probably unaware or just overlook)..


This has result Bursa to unaware and not changing the reference price from 41.5 cent to 26 cent.

Judging from the active trade of the LR (possibly 400 million in 5 trading days --- more than 300 mill in the first 4 days) and the fact that the ICUL can be converted to share anytime it is expected many of new ICUL holders will convert immediately or in a near future. Take a round figure issue share probably close to 1 billion in near term (end 2014 / early 2015).
At 1 billion issue, NA per share is estimate around 75-78 cent. (rough estimate based on 71 cent/ per share at 1.13 billion share issue as mention in prospectus).

(*Current NA per share for IBhd before this exercise is rm2.24 based on 229 mill issue share)

Whether the mr market want to value it at NTA or above or lower I am not very sure. To be safe value it at NA value.
Another concern this share is thinly trade with not much volume in the past and huge issue share after this exercise might put downward pressure to the share price.
(*Many property listed company trade trade below NTA as property sector are cycle in nature)
Take note also unlike I City which provide constant income for IBhd...their next project/new project are subject to property cycle in nature.

That my 2 cent view....and also I seriously think that I Bhd LR is really one of the scary beast ever listed on Bursa especially when it is actively trade and many retailers don't understand what they are dealing with.

Forever is a millionaire that ok for him.
Anybody have less than 1 million cash in account don't ever try to follow him buying 1 million LR....
This beast is different from other LR/OR because it is actively trade with huge supply. In case you plan to contra you needs another gambler millionaire to buy from you.

Forever.... just want to let u know...if you buy 1 million LR (10,000 lot) at 0.03 you need to pay rm30,000 + 500,000 = rm530,000.00 to subscribe the ICUL. That is more than half a million ringgit.

If you don't have the rm500,000.00 ..your rm30,000 will become 0 (you lose the entire rm30,000). LR last day trade is on Monday 22/9/2014...after that no more LR.

Not to scare you or anything (because it your money ...up to you)...just to make sure you are aware of it.

Yes alvinchiam you are right. Those from Melaka should know well....

Kee Koon Ng... some women with money don't accept advice/other opinion. Some more rude too. I think **** not needed there...hahaha.

My entry is either 8 cent or a convincing breakout above 16 cent with volume of with tight stoploss in accordance to trading system. In between will not join and just watch. Mr optimusM miss the boat and now get angry ask those disagree with him to disappear.

Perception may change if new management, new BOD, shareholder etc with accountability/responsibility/ trusted emerge in the company.

*mean that

mean the based on history (two time already 2011 and 2012 -- see historical chart) the price could not sustain if goreng and only make more people especially retail trader got trapped.

For example if goreng from 8 cent to 40 - 45 cent with news or trend ... the price will go back to it original price of 8-10 cents. Those got burn in the past will never touch this counter and feel this counter is being manipulate with pump and dumb strategy.

If a counter move from 8 cent to 45 for example....and later stage the price go down to a reasonable level like 25 - 35 cent.... the mkt would accept that and consider as healthy profit taking.

Basically our mkt consist of the very same people who are active trader plus some newbies from time to time. The losers will left the mkt. The experience one will be in the mkt from time to time and will avoid counters that have con the investing public.

Hope that clear.

To make sure the cheating get more victims on Bursa for LR:
1) Reference price on the first day is put as 41.5 cents even though the reference suppose to be 26 cent. This catch the attention of the investing public as some think it is a buy after 60 discount from reference price. The LR is the second most active counter on Monday 15/9/2014 and close limit down at 11.5 cent with 110 million LR traded. The LR again become second active counter on the second trading day with 90 mill LR trade.
2)Announcement of bonus issue is made 1 trading day before the listing of the LR / OR (Bursa probably unaware or just overlook)
3)LR/OR is listed for 6 tradings days,... it supposed to be listed for 5 trading days only (newbies do not know this)
4) The amendment on OR/LR made last minute (just before 1 day of trading)....that suppose to be amended on the first day.

====> As a result many investing public get slaughtered.......

op sorry should be in 2011 and 2012...not 2013

with record of pump and dumb using fake news whoever chase this counter will get con. See chart history July - October 2013 for detail. Mkt participant will remember that as many got burn.

Some people can't control emotion and get angry when people have different opinion. That is sign of losers.... won't last long in the mkt.

The slaughter continue....

Good counter..... wait and see loh what is the actual prise next...

Bounce? Monday is last trading day. Value almost 0

hahaha... only "kucing kurap" china company choose to be listed in klse.... ok ...ok clear.

kalau tak mampu beli mercedes, pergi beli proton lah!!

Don't really understand what klseklse try to say..... ???? Out of topic.... nothing to do with klse.

Huh? 2.0 billion? That even worst.... might as well make it 3 billion like hubline hahaha.......
Mr market going to punish these people....
* I get 1.52 billion as stated in prospectus and don't go further detail on it (as always my argument will be supported with fact and figure).

Good debut by Alibaba...... but how come almost all China company listed in Bursa like csl, xdl, etc really suck....and dying.

What Pika? Algebra form 2?..... Errrr..... go and check that guy education level...

LR buyer get ready to go Holland...
LR subscriber get ready to lose a portion of your money...as price most likely < 68 cent after share outstanding increase by 7 times.

LR = 0.735 mother - .50,
mother = price after x bonus with 1.52 billion outstanding
mother ---> most like close below 68 cent since huge floating with 1.52 billion shares (supply far exceed demand Economic Basic)
Therefore LR = 0.....
or probably negative if mr mkt value mother below 68 cent.

ooopppp...Peacemaker... you mention me there. ..Take it easy if you disagree with anyone opinion hehehe......Some people trade in accordance to their trading system which is proven over time......it is either support or breakout.