Posted by impartiality > 2013-07-16 16:09 | Report Abuse

Manufactured volume . a lot of shares are also coming out at this price . Poor fundamentals still don't justify this price and there have been no fresh developments

Posted by setia2u > 2013-07-16 16:36 | Report Abuse

impartiality: you never failed to monitor this counter.... haha. One day when you fall in love with this counter, don't forget to tell us. Tak kena tak cinta, tak cinta tak sayang. Satu hari nanti you akan sayang counter ini.

Posted by impartiality > 2013-07-16 16:42 | Report Abuse

What a lame joke . I've never liked this counter. Don't insult my intelligence. There is such a huge divergence between price and fundamentals. history has showed that the more a counter is artificially goreng , the harder it will fall. Looked at how fast it fell from 80 sen. Do tell us when you bleed and hemorrhage on this counter one day. the cash flow of this co is already bleeding.

Posted by impartiality > 2013-07-16 16:47 | Report Abuse

I am too professional to be attached to any of my investments . The word sayang sounds quite childish

Posted by cheeseburger > 2013-07-19 09:59 | Report Abuse

i said wait till Q4, now you are so fast bounce back to 0.70?

Posted by impartiality > 2013-07-19 13:34 | Report Abuse

Lets see how long this wayang kulit charade can last. Market will certainly have a major correction by Q3. Even Bursa valuation is looking stretched now let alone Ivory's which is trading at a P/E of 30-40 based on last quarter result

Posted by cheeseburger > 2013-07-19 20:57 | Report Abuse

I see...That was on "last quater" result...
anyway bought at 0.63 and sold at 0.70....

Posted by yanxuan8 > 2013-07-20 16:29 | Report Abuse

I also bought some at 63.0 sen and some at 66.0, still holding on for next week. I am very happy we have a friend who keeps reminding us on the past result of this company, so that why we can always get back the share price at below 0.70 sen after selling, but this time around it will move past 70.0 sen easily.

Posted by impartiality > 2013-07-21 09:29 | Report Abuse

It has tried to breach 70 sen many times in the last two weeks but there are many sellers at this price . Perhaps it is beginning to get too out of sync with fundamentals . The latest poor quarterly result may not be the past. However, there is no fresh developments to indicate that the company has a bright future either

Posted by setia2u > 2013-07-22 09:09 | Report Abuse

Yes... 70.0 sen breaks!

Posted by Zoom > 2013-07-22 11:27 | Report Abuse

break, but its false break.... back to 690 :) hehehehe

Posted by vinvin > 2013-07-22 17:12 | Report Abuse

Hi impartiality, what do u think of magna? Ur impartial comments r well accepted by v traders. Tq.

Posted by impartiality > 2013-07-23 12:19 | Report Abuse

Sorry never looked at it before . But ivory is getting crowded around this level . Nominal price may look cheap but market cap is not . It's even higher than IPO in fact Although recent earnings are below IPO levels . Don't forget about their 1 for 1 rights issue

Posted by chia88 > 2013-08-07 21:56 | Report Abuse

Now is oil and gas opportunities and Ace counter cos is cheap.

Posted by anbz > 2013-08-10 08:20 | Report Abuse

chia is half true...the last phrase is true...but not because it is cheap...because the others have been valued too high

Posted by impartiality > 2013-08-27 15:46 | Report Abuse

Finally a regression to the mean

Posted by chia88 > 2013-08-27 16:17 | Report Abuse

impartially you are right man, When you see selling every where, your money is not protected.

Posted by impartiality > 2013-08-27 17:25 | Report Abuse

It is almost back to 50 sen the level in which the rally started and its only a matter of time before it does

Posted by theforce > 2013-08-28 11:06 | Report Abuse

sign of regression is coming..

Posted by chia88 > 2013-08-28 19:54 | Report Abuse

外资今天从马股撤走的资金，比昨日再高出七成七，达9亿零118万令吉

Posted by impartiality > 2013-08-28 23:13 | Report Abuse

It shows very clearly that this stock is being artificially pushed up by syndicates .

Posted by musang_foxking > 2013-08-28 23:44 | Report Abuse

gov to consider to increase tax of selling house/RGPT-latest...to curb rising price and speculation

Posted by Hustle > 2013-09-06 16:58 | Report Abuse

Extra 10% revenue hehe

Posted by SPSETIA > 2013-09-07 10:20 | Report Abuse

瑋力產業集團屬下子公司Ivory Place有限公司，成功標得吉隆坡富都路遭擱置多年的人民廣場（Plaza Rakyat）發展項目。

　瑋力產業集團總執行長拿督劉永福今日發表文告說，人民廣場有限公司（PRSB）通過其接管人兼經理亞當普里穆斯，推舉Ivory Place有限公司成功競標，以重建、接管、完成及或收購這片面積達15.23畝，位于市中心的黃金地。

　“Ivory Place有限公司本週四與人民廣場有限公司，簽署一份有條件收購及重建協議書，以及建議收購和重建擱置項目毗鄰的5塊租賃土地。”

Posted by micky92 > 2013-09-07 10:32 | Report Abuse

Today's star on possible revive of plaza rakyat where ivory has interest on it...

Posted by sephiroth > 2013-09-07 10:37 | Report Abuse

This company already have RM317m borrowings, only have RM61.78m cash, still wanna buy abandoned Plaza Rakyat for RM400m. Latest qtr profit margin razor thin at 2.4. %Good luck to the shareholders

Posted by micky92 > 2013-09-07 10:53 | Report Abuse

No risk no gain..company has good track record in reviving abandoned project.

Posted by huat888 > 2013-09-07 11:00 | Report Abuse

No money, Right Issue loh. Plaza Rakyat foundation and sub-structure are all there. Expected the construction can be completed in shorter time frame. In fact, LRT station is already there. Good location near BBintang, Jalan Petaling

Posted by micky92 > 2013-09-07 11:00 | Report Abuse

Well from investor's perspective holding too many cash may not be good as it will not generate income

Posted by impartiality > 2013-09-08 08:48 | Report Abuse

Two rights issue in two years ? Shareholders appetite may be waning as economic sentiments are moving south fast .share price ex rights issue will make it a penny stock at 20 to 30 sen

Posted by huat888 > 2013-09-08 16:40 | Report Abuse

don't worry. Just follow AMedia loh

Posted by huat888 > 2013-09-08 16:44 | Report Abuse

Correction. Not Amedia

Posted by impartiality > 2013-09-09 19:49 | Report Abuse

Well doesn't look like it will go down well with investors . Market appetite for risky acquisition is not there anymore . don't forget there is a serious oversupply of office space in kl

Posted by bullettrain > 2013-09-10 10:05 | Report Abuse

Good luck to them

Posted by chia88 > 2013-09-10 11:39 | Report Abuse

Oh going to be 0.595c better sell, money game is over.

Posted by impartiality > 2013-09-10 14:52 | Report Abuse

Of course. Cannot get things right in Penang market and yet want to venture into Klang Valley. Investors know better. They are only getting a syndicated loan of 200 mil. Another 200 mil will probably come from a rights issue. good luck to the shareholders again. Two dilution in two years.

Posted by setia2u > 2013-09-12 08:02 | Report Abuse

will syndicate back in action? T3 today and T4 tomorrow...... let's see.

Posted by impartiality > 2013-09-12 23:56 | Report Abuse

Syndicate ran away . Good luck to shareholders

Posted by impartiality > 2013-09-13 15:24 | Report Abuse

DBKL denied that it has done any transaction with Ivory.

Posted by kcchongnz > 2013-09-13 16:14 | Report Abuse

Posted by kcchongnz > Sep 7, 2013 06:21 PM | Report Abuse X
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 kcchongnz > Sep 8, 2013 09:51 AM | Report Abuse X
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 impartiality > 2013-09-14 10:06 | Report Abuse

Yes you are correct. Bond yields have moved up and the cost of debt for a company like ivory will exceed 10 percent easily . This is a process that may take some time as they need a rating from ram first . They cannot simply do another rights issue as their did one not too long ago and shareholders will be asking a lot of questions. Risk aversion will become the norm soon

Posted by Lawrence Lai > 2013-10-17 10:53 | Report Abuse

wow impartiality, you've been going on with Ivory for quite a long period of time... Ivory must have stepped on your tail before.... :)

Posted by iafx > 2013-10-17 10:54 | Report Abuse

hahahaa...

Posted by yanxuan8 > 2013-10-20 15:04 | Report Abuse

Hahaha... you guys are waking him up.... He must be lonely for long time after nobody interested in the forum of this counter.

Posted by impartiality > 2013-10-22 10:08 | Report Abuse

I wish to reiterate that I have nothing personal against Ivory. My appraisal is a professional one and a few people have concured with me. The share price has indeed lagged behind other property counters in the last 2 months.

Posted by setia2u > 2013-10-23 11:23 | Report Abuse

Finally IVORY moving to 63.0 sen.

Posted by UY > 2013-10-23 13:40 | Report Abuse

Any1 know why it have been wake up?

Posted by setia2u > 2013-10-23 14:23 | Report Abuse

Lately, the share price for most of the property counters has gone up substantially, ex. Malton, GOB, so it's time for catching up! In today's The EgdeDaily page 11, Penanmg CM LGE also said that Penang may face property shortage, so property counters from Penang will benefit.

Posted by cheeseburger > 2013-10-23 15:31 | Report Abuse

Go and check out the sales of PWC...see for yourself rather belive what ppl says...

Posted by cheeseburger > 2013-10-23 15:36 | Report Abuse

coming budget may boost the sale of prop by end of this year, before the new rules take into effect by 2014. That could explain the strong performance of prop counters. E&O also moving up...