"you are paying Iris worth 1.76 for only 44 sen, so there is room for more upside. When price reach 50 sen, you are acquiring Iris worth RM2. At 60 sen, Iris is worth RM2.40 and so on"
laulau, do you understand what are you saying or not? LOL
Probably I never heard that share price could affect the DCF valuation, perhaps you may enlighten me your calculations. I could be wrong.
However, goodwill on trusted identification (main business of IRIS) using the same DCF valuation you mentioned consecutively recorded impairment loss in recent two years. This is not a good sign indicating poorer future cash flow in the prospect. This is audited figure, cant deny on this.
There are good sides of IRIS too. Example, the oversea customers collection especially Africa is risky but it managed to collect advance payment to minimise the credit risk. Q4 result is good without NIISE, cost management is doing great job, just that the lower revenue is a would be bit of concern.
All is fine but I think you are trying too hard to promote.
I still don’t understand your DCF valuation of RM2.19. This stock is not covered by any research house, no valuation was published. How do you get RM2.19???
“laulau Thanks for your additional positive inputs & concerns on Iris. We are only sharing knowledge & analysis at KLSE Forum for the benefit of current & future investors to make an informed decision since Iris Mgt has been strangely quiet on these?.”
Good write-up and recommendations.. ‘- Just asking, the statement “retained earning of 610,759k was used to offset Accumulated losses (430,000k),”, is it contradictory as it can only have one in accounting as gaining or losing, not both?? ‘- We cannot compare apple with orange as SKIN contract value is much much higher, so the statement “#Iris has good chance on winning the Niise Arbitration Award from Government of at least RM231.5 million or more?” cannot be compared.. and the termination, is it unilateral? Another point, Iris being sued by “Tec D is claiming for an outstanding sum of RM30,139,098.87 together with late payment interest of RM993,951.66 as at 7 November 2023 (“Outstanding Sum”) in relation to the supply of computer hardware and/or software and/or programs and/or services (“the Supplies”) for the National Integrated Immigration System (NIISe) project by the Ministry of Home Affairs, Malaysia (“NIISe Project”). The NIISe Project was awarded to IITS on 29 January 2021 and, subsequently, the contract for the NIISe Project was terminated by the Ministry of Home Affairs on 10 August 2023.”, therefore any arbitration gain will need to pay for any others owing??
Luckin Coffee will be roping in a Bursa Malaysia-listed firm as its local partner armed with an ambitious stores expansion plan in the next five years, according to sources.
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....
45AMG
621 posts
Posted by 45AMG > 2024-06-11 11:23 | Report Abuse
no volume coming...