Posted by Icon8888 > 2014-05-09 21:24 | Report Abuse

Tropicana reported results today.

Their "jointly controlled entity", which is 55% Penang World City, contributed RM0.9 mil.

As Ivory holds the rest 45%, it will show up in their P&L as RM0.74 mil profit.

This means PWC has yet to produce meaningful profit (consistent with my expectation, as construction is still early stage).

However, at least PWC will not be a drag to Ivory bottom line (which was what happened in September 2013 quarter, thereby offsetting most of Ivory's profit from other subsidiaries)

We will soon find out what is Ivory performance. I don't have high expectation (as I am expecting them to report strong profit only in 12 to 18 months time)

But hopefully they don't report losses

Then I will be happy already

Posted by air01557 > 2014-05-10 14:16 | Report Abuse

The rebound in Ivory has already begun !!

Posted by Icon8888 > 2014-05-10 14:19 | Report Abuse

Not so fast

Got to wait for quarterly by month end

If no good, continue zzzzz

Posted by alivetoinvest > 2014-05-11 00:33 | Report Abuse

throw it first

Posted by alivetoinvest > 2014-05-12 20:17 | Report Abuse

Now, throw it aside. :)

Posted by SANG-JERO > 2014-05-13 18:31 | Report Abuse

This counter is for medium to long term.......NO CONTRA.......

Posted by alivetoinvest > 2014-05-16 20:44 | Report Abuse

Yeap. I think its on sleep mode now

Posted by keelin > 2014-05-20 14:22 | Report Abuse

Good news is coming soon...

Posted by SANG-JERO > 2014-05-20 22:03 | Report Abuse

keelin....any signal?

Posted by impartiality > 2014-05-21 17:03 | Report Abuse

Hoping against hope just like mh370. It is human nature not wanting to accept the painful reality

Posted by alivetoinvest > 2014-05-21 17:28 | Report Abuse

Lol keelin is that hopeful thinking or an actual fact?

Posted by hahaha > 2014-05-22 00:28 | Report Abuse

The next smrt going to be for this comp..my personal TP is 0.93

Posted by keelin > 2014-05-22 06:55 | Report Abuse

@impartiality, let's wait and see ;-)

Posted by cherry tomato > 2014-05-22 06:59 | Report Abuse

i think time to buy up soon

Posted by SANG-JERO > 2014-05-22 06:59 | Report Abuse

keelin...hahaha....I absolute agree....BULL comming....Get ready....Long term I predict Ivory stock will be double book value......

Posted by keelin > 2014-05-22 09:22 | Report Abuse

Give me 5, Sang-Jero.

Posted by samsamchin > 2014-05-22 09:30 | Report Abuse

give u five keelin

Posted by alivetoinvest > 2014-05-22 12:42 | Report Abuse

Waaa everybody so bullish and optimistic. Is that good or bad?

Posted by Icon88888 > 2014-05-22 12:47 | Report Abuse

impartiality, balik kampung lah, ashamed of you

Posted by hahaha > 2014-05-22 14:52 | Report Abuse

qtr profit is good,making profit biz...just the matter of people buy and sell, thats why price is changing...but if go for long term, check back its 10 yrs chart, if u can spot a pattern than u know..same pattern like smrt before smrt up

Posted by impartiality > 2014-05-22 17:27 | Report Abuse

Icon 888 go back and live in the cave . That's where u belong the share price performance is a reflection of the perception of smart civilized people not an uncivilized caveman like u

Posted by alivetoinvest > 2014-05-22 19:52 | Report Abuse

When is the estimated date of annouce,emt fr the q report

Posted by annsmith > 2014-05-25 01:19 | Report Abuse

good thing gonna come.. i am loading in its warrant heavily. its up to you to decide.

Posted by vinvin > 2014-05-25 09:02 | Report Abuse

Hi impartiality, since u have been in this forum most of the time n know this counter very well, what price do u think is a good buy for this counter? Tq. Good morning to everybody ..........a happy n beautiful Sunday to everyone!!! Happy voting too!!!

Posted by annsmith > 2014-05-26 12:44 | Report Abuse

vinvin? he will ask you not to buy it and if u bought he will ask u to sell

Posted by vinvin > 2014-05-26 21:58 | Report Abuse

oic, so no need to ask him lah!!!

Posted by alivetoinvest > 2014-05-27 12:57 | Report Abuse

Everybody keeps saying that theres good news but the price no change......

Posted by alivetoinvest > 2014-05-27 19:12 | Report Abuse

Time to run? Haha

Posted by impartiality > 2014-05-28 11:59 | Report Abuse

The ivory promoters here shouted like the mh370 families as if hock dog is going to turn their toilet paper into gold despite not having a single sen in dividend. Mh370 may never be found despite all the shoutings

Posted by alivetoinvest > 2014-05-28 17:43 | Report Abuse

I guess "good news" = price drop.. ^^

Posted by impartiality > 2014-05-29 09:37 | Report Abuse

Hock dog disposed 7 mil shares recently . Quite an unusually huge disposal at such a low price . Something is not right somewhere. I was told that Many shares are pledged to banks as a collateral for their credit facility. Any loss of confidence among banks may trigger margin call which may lead to their shares being liquidated should they fail to top up

Posted by alivetoinvest > 2014-05-29 18:57 | Report Abuse

Yay a good quarterly report!

Posted by impartiality > 2014-05-30 00:17 | Report Abuse

Not trying to put you down but the result is mediocre at best and the stock is fully or slightly overvalued for that kind of performance. It may be marginal improvement over last year but it's not even a quarter of what Tambun makes

Posted by alivetoinvest > 2014-05-30 12:57 | Report Abuse

I know its mediocre but i can say that its on track .(at least).
Happy enough^^

Posted by keelin > 2014-05-30 12:59 | Report Abuse

;-)

Posted by impartiality > 2014-05-30 15:45 | Report Abuse

Hmmm profit may be higher year on year but it's lower than last quarter . It has to make at least 25 mil a year to even justify it's current market cap if u compare its p/e with peers. It may struggle to attain that

Posted by samsamchin > 2014-05-30 16:58 | Report Abuse

why u say no more ?? Robbin65 ??

Posted by alivetoinvest > 2014-05-30 17:16 | Report Abuse

0.615. Great.

Posted by alivetoinvest > 2014-05-30 23:38 | Report Abuse

Ivory----------> super long term.

Posted by SANG-JERO > 2014-05-31 08:29 | Report Abuse

Icon 888...Any comment?....How?

Stock Price : 0.615 (2014-05-30)
EPS : 3.59
P/E Ratio: 17.14
Nta 0.86

Posted by Choon Soo Tan > 2014-05-31 20:20 | Report Abuse

profit from PWC not yet bill in book yet. EPS will rise more once PWC is counted in.

Posted by Ooitekbee > 2014-05-31 20:22 |

Post removed.Why?

Posted by carson > 2014-06-01 11:33 | Report Abuse

look like wave 3 now

Posted by alivetoinvest > 2014-06-01 19:38 | Report Abuse

suddenly so many comments on a sunday. ^^

Posted by impartiality > 2014-06-01 22:23 | Report Abuse

Is there any evidence that pwc is even profitable

Posted by Choon Soo Tan > 2014-06-02 16:52 | Report Abuse

PWC is definitely profitable...., this is for sure. just how much is the margin.

Posted by impartiality > 2014-06-02 17:06 | Report Abuse

This is definently hearsay . Pwc was launched more than a year ago and it should be reflected in the income statement by now

Posted by SANG-JERO > 2014-06-02 18:24 | Report Abuse

Impartiality....,,,,,,,,Is this stock undervalue or overprice?.....Apprecciate your comment on the followings:

Stock Price : 0.61 (2014-06-02)
EPS : 3.59
P/E Ratio: 17.00
NTA 0.86

Posted by impartiality > 2014-06-03 00:37 | Report Abuse

of course overpriced. Mah sing P/e is 11 and tambun is 10. Why should fund managers pay a premium for a company that owes more than its market cap? Its forward p/e may be higher than 20 if the lackluster performance this quarter continues.

Posted by SANG-JERO > 2014-06-03 09:22 | Report Abuse

Impartiality...Oh really?,,,,,How about the TA?....How about the NTA of 0.86?........Appreciate your comment please....