impartiality, thoughtful opinion again. I can't find words which is more appropriate than gangster heaven to describe Penang Times Sq. Just the name is flamboyant. In fact, look at the mall design, its impractical for business. Nobody will go there even the poor one.
Idiot; Hunza: Khor Teng Tong is buying but I see their Gurney Paragon not as successful as Gurney Plaza although better than Times Square. Ivory Penang World City project likely more successful than Hunza Bayan Baru project due to better location(near Queensbay Mall, bridge and factories). I can buy 4 Ivory for 1 Hunza. Your money your choice.
It is still much better than penang Times Square it is an air conditioned pasar Malam where u can play futsal inside the atrium all day long without disrupting anyone there are Prob more shopkeepers than shoppers inside the mall
If you are the boss, you sold some land, your cash flow is better than before, but u dun want to give money from my pocket, what will you do to remunarate your loyalty supporter & your staff ?
I think Penang Times Square reputation is bad. If Ivory manage to sell it and further improve cash flow rerating of Ivory is likely. Two disposals last month which will reduce borrowings by RM 205 million does not seem to do wonder to share price.
Low is in fact a thief, good project (Ikea Batu Kawan) all under his private company, and loan all under public com[any ( Ivory). Can you trust your capital in the hand of a thief?
no doubt he's smart... low make 65% premium on his 49% stake in AVLSB sale to Aspen within 4 to 5 months of investment. but the questions is his integrity and performance for the company to protect all stakeholders interest as the CEO. the problem is he cant manage the company anymore, no key personnel to run the business, engaged all jokers include himself. you asked around any bankers in town about their performance and track records after the previous COO and other key staff left the company. low is only keen in SOJU>>>>
Perhaps should ask him to sell everything Ivory still own(Penang World City land, Times Square) and all the cash proceed declared as dividend to shareholders if he is not keen to run business any more.
Don't be so naive my friend, for a co where mkt cap less than loan amt. They cant pay back to the bank in full, after they sell everything. Penang Times Sq shoplots and condo have been sold out to individual owners. Ivory isnt the owner.
Absolutely pathetic results. They would have made a loss if they did not recognize a profit in a JV company which does not translate into cash as no dividends were received by Ivory from the JV. Hock dog is barking down the wrong tree by venturing into Johor. How do you compete against mega chinese developors five times bigger than SP setia when you have failed so miserably in Penang.
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....
Idiot
126 posts
Posted by Idiot > 2015-01-20 13:41 | Report Abuse
Buy Hunza ? Lot's of project launches coming.