Gluppp... Ivory...dont marah me pulak..huhu... Bro kcchong seems like temporary cyclic sector is happen rite now... The patern never change...can predict drop in short term...
Need I add more . 50 percent underwater since IPO. IPO price was rm1. I don't want to add salt into wounds but I rarely see companies whose share price is so much underwater turn around . I can dig up some stats if u want
necro, you are talking based on facts. Anybody can verify these facts. The facts are too glaring to be ignored by Ivory shareholders. Who is going to marah you? Marah dengan apa?
Looks like you guys really want to hammer this counter down, I will help you guys!!! Going to sell ALL my Ivory holding today.... LOL. 'somebody' please get ready to buy!
You call Ivory CEO to join i3 lah,I'm believe he actually don't know that you are so taking care about his company.Possibly he will married his daughter to you.By that moment,you don't need to analyze share market anymore,just issue more new share & right issue to earn money hehe.
What makes you think that he is rich at the first place and how stupid of you to make assumptions about my wealth and background. By that time maybe he will have join you in jail anyway
You are really a moron.no one has the right to print shares . He can only exercise shares under esos which has to be approved by bursa.He is very smart indeed . He can go on printing all these toilet paper until he vomited one day . Talam CFO had to escape to Australia to avoid jail time or fraud . Your very smart CEO can join him there . Btw usually only richer people have the luxury of time to read forums.
wow I just sell kopi "o" also can consider rich people ar haha. Nah,now who said i3 target price cannot be trust,since so may rich people is looking at i3 forum.
millionaire if you tomorrow see Lim Kok Thai,don't forget to ask him gereng DATAPRP ya,I need some money to order serbuk kopi :)
Their flagship project, Penang Times Square remains a big white elephant till today... And when they won the bid for Bayan Mutiara land (at near Rm 1B), they have to "invite" Tropicana to come in. Why ??? Is it they have no $ to pay. LOL .
Of course. They have a serious cash flow problem if you look at their balance sheet. They have only about 30 mil in cash. They owe the banks 300 mil when the company's market cap(value) is just slightly over 200mil. Their gearing is already sky high and no bank is going to lend them any more money. In fact, banks are quite cautious of a property bubble now and many buyers cannot get loans.Regardless of how good or bad the sales for Bayan Mutiara is, a lot of ambiguity remains. (1) Putting aside the shareholding in the JV MOU,Who is in control of the JV? Danny Tan being the brother of Vincent Tan is known for being a ruthless businessman. He aint gonna give Ivory a free lunch. Recognition of profits for Ivory remains doubtful (2)When is the project going to be approved? Purcahsers who made reservations now can still cancel later since no agreement can be signed now. (3)How long can Ivory afford to wait? No approval means no cashflow and it is a serious drag on their financials
Yup now I'm agree that you are right impartially,the cash flow that shown at the report high possibility already been manipulate.I'm sure millionaire & setia2u have the same observation too right?
Hustle, the cash flow is negative and had been negative for some time but the profit seemed to be high. The profit does not concur with the negative cashflow. The question is where did their profit come from when the cashflow had always been negative. However, some accouting gain from revaluation partly explains that but anaylst dont count that. They want positive cash flow from operations.
Looks like it is not going to sustain at current level of 54.0 sen, volume is not there anymore, no follow thru, better take some profit tomorrow before T3 and T4 set in. Cheers.
The company has borrowing Rm300 million from the Bank is considered quite small amount since the whole property projects are worth billions.Once PARKATAN is the state government.These entire projects will growth fast and return will be good.If the investor is patient,I ensure that can make profit.
once earn faster quit from the counter not safe on this counter a lot fail project. i'm quit the counter already last in is 0.490 holding for so long time now can release already....(^_^)...
Response to the initial launch of the 10 billion Mutiara project Penang was overwhelming even without any advertisement. Cold Eye has also confirmed that. So Caven101, pls don't give wrong information where there are many failed projects so that you can still buy low.
Lee Tai, are you confirm the high courts case is already settle for bayan mutiara? somemore time square is the one of the fail project not as expected oh...
Actually, they raked in profits from Times Square. It was fully sold. Hence, on their part, they are hands off already, their name just took some of the brunt. The only problem with these malls are that you aren't suppose to sell -- you should lease them instead so you can control the tenants.
Caven101, based on newspaper report , Bayan Mutiara coastal land ideal is a done deal case similar to land deal cases between State Govt and IJM and E&O. The high courts case is staged by the Penang trouble maker UMNO to make some noises to show to their big brothers in Putrajaya that they are working. For your infor. Bayan Mutiara land deal was done on a transparent open tender arrangement. Bye. Hv a nice day.
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....
necro
4,726 posts
Posted by necro > 2013-03-11 18:03 | Report Abuse
Bro kcchong Glomac tak da kaa?