If IRIS can deliver good quality of work to government, why were they terminated as Mykad provider in the past and why do you think government wants to call for open tender for ikad, why dont just extend the contract further to IRIS.
Think about that.
There are operators playing with the volume in this counter. Don't get conned. From MYEG, Heitechpadu and now IRIS.
Today last 30 minutes relaxing trading doesn’t means for let go. It is nothing.
This counter the moment you feel like give out that’s the time opposite will happen.
Yeah Iris has been paying consistent dividend prior 2014 after they lost Mykad business by then.
Way back 2013 if you all still remembered the Newco take over Mykad business their share appreciate 1,000% in a matter of less than 1.5 months. Remembered!
If after (Only IF) Iris given a chance for NIIS. Next thing think about possibility of Mykad return. By then certainly add value n the uproar of share price to unchart territory.
No doubt Iris has a new management team. Will government pledge such an important border control contract to a so called new management? it is the pride of the country to have strong border control measures. Let's explore from here.
Buy both is like buying big and small in casino, most likely, no gain no loss, no? Unless NIISe is awarded to few companies. As far as we know, there is one companny bid the tender without forming a consortium.
Having their name in 32 countries globally with proven track record & expertise what makes iris being the frontrunner for niis project.. The management i would say still the same..
Assuming 30% market free float units. There are 898 millions units up for grab so give some times for tight range trading before a clear sign emerge given the fact chart wise still consider steady uptrend.
Posted by SunTzu888 > Aug 25, 2020 7:07 PM : Buy both is like buying big and small in casino, most likely, no gain no loss, no? Unless NIISe is awarded to few companies. As far as we know, there is one companny bid the tender without forming a consortium.
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Nope, bet on both. Either side lose, cut loss at 10%. The winner definitely going to fly more than 10%. So, you are sure win unless the deal went to 3rd one. LOL
monkey....if u can guarantee down...your wont put your username as monkey la... Good news on upcoming earnings and also project assurance even not full pie.....so by weekend...the only way is up..
@StockLORD, the charts does show promise as can be confirmed by the strong buys between 0.40 to 0.405. Question is what is the good news coming and about what? Maybe they are getting the project?
Some peope here doesn’t even know how to read chart. They just gamble in the stock market. Even past 2 months iris got nice buyers volume compared to selling.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Noobie123
1,661 posts
Posted by Noobie123 > 2020-08-25 16:58 | Report Abuse
Considering market sentiments today with Dsonic -7sen and Dnex -2sen, Iris is not too bad today. Still intact.