U still don't get it no fund managers will collect it because they know 8 mil of the profit is a recognition of a jv which does not translate into a single cent in cars to ivory. These type of profits are mostly one off that's why the share is not rallying today

Keelin you must understand corporate finance one ringgit of profit does not necessarily translate into one ringgit cash inflow in this case the overwhelming majority of the profit did not translate into positive cash flow

It is not cash profit and it is most likely non recurring

The majority of profit came from a JV company around 8 mil. The cash flow from operations is still negative. Please take note that Ivory did not get a single cent of the 8 mil in cash unless the JV announces dividends which it didn't. It is nothing more than paper profit and is not sustainable. Recognition of profit in JV is one thing but getting the physical cash is the most important thing

Resources from thin air

What crap ? Even mah sing p/e is only 12 ivory is the only small cap developer that has a p/e above 15 and the normalized p/e should be 50 given that 80 percent of last years profit came from one off revaluation

Good sales ? They have seen saying this for quite some but it can barely make a profit . There is more than meets than eye

Attempted goreng which will just end up goreng themselves something like shooting yourself like the foot . Global markets are getting volatile and usually lousy companies get hit first and hard

Market cap has exceeded 1 billion

That's your personal opinion moron u have no right to impose it in other people.

I don't but I have the right to be here so shut up

This is what u called the blind following the blind

Wake up don dream like a delusional child

Post removed.Why?

Why don't icon 00 undertake to buy at 65 sen?

I can call u icon 444 instead if u prefer

icon 00 your dick is bigger than you can chew. you act like a bunch of cheer leaders cheering nobody but yourself.

Hey icon 888 moron I am not even a female. Don't make stupid assumptions a girl who is stupid enough to be a mistress of that old man cannot talk the way I did

That is incorrect banks do borrow from each other there is something called the interbank market such as libor

What kind of moron statement is that ? Which company has no debt ? Can I tell you to buy a company when I don't know how much it owes

What do u mean gearing ratio is not an issue debt of 400 mil is 1.5 I times of market cap I don't know any other companies that owe more than what the company is worth and by a significant amount

James the bosses may have keep the share at 60 sen due to margin calls as he has large share margin facility in the short term but long term nobody knows

Sang kancil u r only laughing at yourself

Post removed.Why?

Not at this price. The company has very little cash and 300 over mil in debt

All the major developers selling high end condos such as Glomac and Mah sing are already struggling with their sales let alone a company with questionable credibility like Ivory. The notion of Ah Hock buying the placement shares is just plain absurd.There will be a conflict of interest as he could have bought it through ESOS or convert his warrants

Who wants to subsribe to their placement or which bank wants to underwrite it ?rhb apparently refused. Knm recently pushed up the share price and tried a placement but failed

U may be a fool but don't take everyone for a fool a developer that offers 15 percent discount clearly did not sell 95 percent of world city

In your delusional dreams San Jero and master tan how can it break rm1 today ? Are you aware that there is a limit up of 30 sen? These are nothing more than desperate words

Keelin the only thing that u cannot say is that u r a desperate rumour monger who has invested too much in this company and just want to exit at any price

Good news means no news and no new lows in the share price it's as simple as that

Keeling your good news mean the company doesn't get classified as pn 17 which essentially means no news is good news

the acquisition is around 16 per square feet way below market price of 50 per square feet. Ecoworld paid 50 per square feet for a piece of land not that far away

The NTA is disputable because all indications point to the fact that Tropicana Bhd may be holding the land title for PWC not Ivory anymore

of course overpriced. Mah sing P/e is 11 and tambun is 10. Why should fund managers pay a premium for a company that owes more than its market cap? Its forward p/e may be higher than 20 if the lackluster performance this quarter continues.

This is definently hearsay . Pwc was launched more than a year ago and it should be reflected in the income statement by now

Is there any evidence that pwc is even profitable

Hmmm profit may be higher year on year but it's lower than last quarter . It has to make at least 25 mil a year to even justify it's current market cap if u compare its p/e with peers. It may struggle to attain that

Not trying to put you down but the result is mediocre at best and the stock is fully or slightly overvalued for that kind of performance. It may be marginal improvement over last year but it's not even a quarter of what Tambun makes

Hock dog disposed 7 mil shares recently . Quite an unusually huge disposal at such a low price . Something is not right somewhere. I was told that Many shares are pledged to banks as a collateral for their credit facility. Any loss of confidence among banks may trigger margin call which may lead to their shares being liquidated should they fail to top up

The ivory promoters here shouted like the mh370 families as if hock dog is going to turn their toilet paper into gold despite not having a single sen in dividend. Mh370 may never be found despite all the shoutings

With a german with industry experience as the biggest shareholder it's prospects cannot be bad

I think so. It takes some time for the focus article to filter down to the market

Privitization in process. Read focus malaysia

Icon 888 go back and live in the cave . That's where u belong the share price performance is a reflection of the perception of smart civilized people not an uncivilized caveman like u

Hoping against hope just like mh370. It is human nature not wanting to accept the painful reality

RHB is doing the private placement. share price will always have upside before placement so that they can place at a higher price

In other words they have ceded control of world city to Danny tan . It is more of a tropicana project than an ivory project. Lessons learned don't eat more than u can chew it is apparent ivory had no financial capability to carry out that project and they ended up ceding control to trop

If you scrutinize their balance sheet, ivory has no land left on its book. This can only mean one thing. They have probably transferred the title of World city to Tropicanana corp. They may have problems posting collateral for future loans. How can a company went from having one of the most promising landbank in Penang to losing it ?That speaks volume about management.

Apprently Uob Kay hian will start coverage soon with a tp of rm 1 catalyst Is an aviation MRO contract in uae