Only hope they don't default debts. If yes there would fall into PN17 and risk delisting. They very obvious struggling with debts and cash flow issue. Now without 70 cash from sale of the company that got the Project. That is huge blow
So with so healthy balance sheet, why need to sell 80% of the NIISe for just 70m? Now without this 70m, without the project, all the expenditure spent on this project, how big the impact on their cash flow? Not to mention the court case against government would be burning money too
MIMOS and IRIS have collaborated on various projects, such as the development of the Malaysian passport, the electronic national identity card, and the biometric verification system. MIMOS get 80M to expedite MYDigital ID. you think iris will not get benefit? iris will do capital reduction to pay all their debt. then do share consolidation. look at AAX they did it similar thing
To trap ikan bilis to sell lor Imagine u bought 15sen long time ago. Then suddenly now u see 32sen. First thing u will do is fast fast sell all cos u thought u doubled your money.
Buy call 33.5 cents Please consider early april Support 28 cents not break many times Tp 50 cents range in 6 month time.Provided no right issues before 6 month(Tp 50 cents range) 22/3/24 6.04pm
“laulau > IRIS Malaysia 4th-Quarter 2024 & 12 months ended March 31, 2024 Earnings Summary Table…12 months ended Mar 31, 2024 Revenue 371,108,000 PreTax Profit 40,380,000 Net Profit 32,247,000 Earnings Per Share 3.95 Sen..”
Yes, very good return of 3.95 sen over present market price, more than 10% return. Another point, good Consolidation with account adjustment. Share capital adjustment ( Capital reduction pursuant to Section 116 of the Companies Act 2016 (430,000k) ) to 180,759k from 610,759k seeing Retained Earnings/(Accumulated losses) to positive 169,400k from negative (293,828k). Cash flow also improved: CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD, 142,029k from 104,801k. Happy Wesak for those who celebrate, and Happy Holiday to the rest.. Iris is/was one of my big winners during the National Integrated Immigration System (NIISe) bidding period few years ago. Bought at 15.5 sen and sold 80% from around 40 sen down to around 30 sen. Will post my trade later if still can dig up those data as it was traded quite long ago. Happy Trading and TradeAtYourOwnRisk.
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....
rainman777
1,342 posts
Posted by rainman777 > 2023-08-15 12:16 | Report Abuse
Hahahaha mau short cut pergi pasang cable tengok sudah ada problem besar, Wakaka