Posted by kcchongnz > 2013-09-07 18:21 | Report Abuse

Well if Plaza Rakyat is taken over by a reputable developer such as the old SP Setia, there may be some hope for the development. SP Setia used to be:
1) The top developer
2) Established good track record
3) Financial strength
4) Great management
5) Good sale force
(6) etc

Ivory? None of the above. How?

Posted by SPSETIA > 2013-09-07 19:38 | Report Abuse

wondering y taken over by ivory, smile :-)

Posted by opteron82 > 2013-09-07 22:43 | Report Abuse

ivory maybe will issue right issue.

Posted by kcchongnz > 2013-09-08 09:51 | Report Abuse

It definitely has to have right issues, absolutely no doubt about it.

1) Which bank would want to continue lending to an outfit already has so much debt but not much cash flow from its operations?

2) Is any bank confident that its loan will be repaid looking at Ivory's management and operating history?

3) Is there anybody comfortable to subscribe to Ivory's debt instrument?

4) Is there any investment bank willing to underwrite any debt issue by Ivory?

5) What would be the required return of the debt instrument if so?

As a matter of fact, I wonder how many shareholders of Ivory willing to pour in money again in view of its poor performance since listing?

Posted by UY > 2013-09-09 00:37 | Report Abuse

Any 1 know Penang world city project update or performance ? If not mistaken still need cash flow for it, y suddenly go and bought over this plaza rakyat? Any 1 can advise? Still worth to carry it stocks?