Posted by pisangbanana > 2015-04-27 11:53 | Report Abuse

yeah, sale of their London-listed Aseana Hldgs should double their market cap...

Posted by CFTrader > 2015-04-29 18:18 | Report Abuse

shit .. tjhldg is faster than me . always .. =P

Posted by tjhldg > 2015-05-04 23:00 | Report Abuse

heheheeheh ... susa contra aeh pika this 1 :)

Posted by CFTrader > 2015-05-06 21:58 | Report Abuse

tjhldg , do you think I am contra kaki ehhh .. you know me lah =P

Posted by tjhldg > 2015-05-07 00:05 | Report Abuse

heheheh .. u not :) .. me rozak :) :) .. and nothing wrong to contra also aeh :):):)

Posted by kai8994 > 2015-05-21 09:33 | Report Abuse

Unpolised gem. Second 'Mitrajaya' in the making ;)

Posted by kai8994 > 2015-05-21 09:38 | Report Abuse

http://www.aseanaproperties.com/pdf/Corporate_Presentation/Corporate%20Presentation%20Q4%202014.pdf

"Instead, the Board believes that a policy of orderly realisation of the Company's assets over a period of up to three years is a more appropriate approach in order to maximise the value of the Company's assets and returns to Shareholders, both up to and upon eventual liquidation of the Company. Ahead of the 2015 AGM, the Board is considering proposals to amend the Company’s investment policy to enable a realisation of its assets in a controlled, orderly and timely manner, with the objective of achieving a balance between periodically returning cash to Shareholders and maximising the realisation value of the Company’s investments."

Fruit is ripe for the picking :D

Posted by ken8908 > 2015-05-28 21:33 | Report Abuse

i m new bee here, just like to ask why the result was so poor especially before the voting?

Posted by slee > 2015-05-31 09:44 | Report Abuse

Is next month July annouce info for Aseana?

Posted by geegee > 2015-05-31 10:39 | Report Abuse

Bad news out first , good news come later.

Posted by JbHotSpot > 2015-05-31 21:21 | Report Abuse

Everything is OK except Aseana still loss so Ireka should support delist Aseana and refund back share holders at Aseana AGM coming soon

Posted by albukhary > 2015-06-01 01:23 | Report Abuse

Although next month they will decide, but the entire disposal of ASEANA assets will take 3 years, approximately until 2018.

Therefore, for the coming few months, IREKA will continue to stay < 70 sen..

Posted by kai8994 > 2015-06-02 11:36 | Report Abuse

The proposal is to "enable a realisation of its assets in a controlled, orderly and timely manner, with the objective of achieving a balance between periodically returning cash to Shareholders and maximising the realisation value of the Company’s investments."

It's PERIODICALLY, isn't that echo what the MD said recently? I don't think shareholders need to wait very long, appetizer will come first :D

Posted by kai8994 > 2015-06-02 11:46 | Report Abuse

Excerpt from EGM notice:-

2.2 Return of capital

Timing

"Conditional upon approval by Shareholders of the Divestment Investment Policy, the Board and
the Manager are committed to realising the Company’s assets in a controlled, orderly and timely
manner with a view to achieving a balance between returning cash to Shareholders and
maximising the realisation value of the Company's investments.

The Board intends to make distributions of not less than US$20 million in 2015. These
anticipated distributions are based on the Board's analysis of the Company’s current cash
balances and expected receivables from investments that have been contractually sold at the
date of this document.

The Company currently anticipates a first distribution in the third quarter of 2015, subject to
lenders’ consent, the receipt of confirmatory certificates from the Company’s reporting
accountants and/or auditors to support the Directors’ statement of solvency and any necessary
Shareholder authorities.

The Board will target additional cash distributions of US$20 million in 2015, which are predicated
on the completion of certain planned additional asset disposals before the end of the year. This
additional targeted amount is also subject to lenders’ consents, the receipt of confirmatory
certificates from the Company’s reporting accountants and/or auditors to support the Directors’
statement of solvency and any necessary Shareholder authorities."

Posted by Invest123 > 2015-06-03 20:10 | Report Abuse

"...distributions of not less than US$20 million in 2015.
Company currently anticipates a first distribution in the third quarter of 2015.
...will target additional cash distributions of US$20 million in 2015."

This is exciting and good news for investors. Thanks to Kai.

Posted by firehawk > 2015-06-04 09:26 | Report Abuse

these 20ms are for ASEANA shareholders not direct to Ireka shareholers , some more, Ireka only get 23% only ......

Posted by kai8994 > 2015-06-04 11:35 | Report Abuse

USD20m x 3.7 x 23% = RM19m

Quite a good 'appetizer' dont you think so? :D

http://www.aseanaproperties.com/pdf/quarterlyInvestorsUpdate/ASPL%20Q1%202015_Final2.pdf

Ballpark estimation:-
NAV as at March 2015 = USD0.719
Unit = 212m

Ireka's share = USD0.719 x 212m x 3.7 x 23% = RM129m

Ireka current market cap = RM127m

That's potential return of 100% even though using NAV only! Please note RNAV is USD1.19

Anyway, need to wait patiently ;)

Posted by firehawk > 2015-06-04 16:45 | Report Abuse

even though Ireka receives the cash distribution, they might not give the entire portion to the shareholders ... still do not know how much they will keep and how much they will give to small shareholders .......

some more, it is a lengthy period stretching to more than 3 yrs ......

Posted by firehawk > 2015-06-05 15:51 | Report Abuse

somebody manipulates the price .....

Posted by kakashit > 2015-06-06 20:11 | Report Abuse

yalor, agree with firehawk, normally the market is not smart enough to know the Aseana thinging, furthermore the quarters r still on losses, not sure Ireka will pay divvy from the gain of Aseana.

better dun touch Ireka, hohup better

Posted by firehawk > 2015-06-08 10:02 | Report Abuse

probably, they will give some divd to small sh'holders too, i just point out some cons after many pros ..... judge yrself ..... it might hv continually plays on news .......

Posted by Invest123 > 2015-06-18 20:20 | Report Abuse

Hohup plays seesaw expert!

Posted by choonyong > 2015-06-18 23:41 | Report Abuse

Agreed with kai and firehawk on the pros.
Just to highlight that dividend may not come in this year, may need to align expectation with proportional of your investment plan.
http://www.ireka.com.my/pdf/2015/20150608%20(The%20Edge)%20Ireka%20-%20Dividend%20normalisation%20in%20FY2016.pdf

I found current price is enough MOS for me and will start accumulate at current level (68.5 to 69), and any price below this level by batch. Target holding for 3 to 5 years if there is no major changes on mgmt and business direction.

Posted by firehawk > 2015-06-22 16:55 | Report Abuse

there is a 'warrant specialist' ask ppl buy Ireka-WB ..... be careful, if you buy WB, you will not receive any dividend, if declared, dividends are always no good for warrants ...... unless you do the conversion, and the conversion prx is RM1.00 !

Posted by ken8908 > 2015-06-29 23:09 | Report Abuse

may i know is there anyone attended the meeting last week? Appreciate if somebody can share on this...tq.

Posted by 林歲寒 > 2015-07-27 12:04 | Report Abuse

毅成建築擬派息3仙

（吉隆坡25日訊）毅成（IREKA，8834，主板建築股）建議派息3仙。

根據文告，毅成建築派發每股3仙一次過單層股息。

不過這項建議還有待股東批准。（文取自南洋財經）

Posted by Invest123 > 2015-07-27 22:46 | Report Abuse

Good.

Posted by albukhary > 2015-07-28 14:48 | Report Abuse

Ini Zaid Hamidi punya counter

Posted by Invest123 > 2015-07-28 21:33 | Report Abuse

Our new DPM now?

Posted by albukhary > 2015-07-29 00:04 | Report Abuse

yes, 100% confirm Ireka is link to Zahid Hamidi.

Posted by Invest123 > 2015-07-29 08:52 | Report Abuse

Yesterday's up linked to him?

Posted by moneygal usdollar > 2015-07-29 16:41 | Report Abuse

no action today

Posted by albukhary > 2015-07-31 18:22 | Report Abuse

Ireka is a company that have better fundamental than Mitrajaya.

Posted by firehawk > 2015-08-07 09:35 | Report Abuse

0.645 only ..... I buy back those I sold 0.73 last week ......

Posted by firehawk > 2015-08-28 15:48 | Report Abuse

no trading ... low trading .......

Posted by birkincollector > 2015-11-06 11:52 | Report Abuse

nice chart,,,,,don't miss

Posted by birkincollector > 2015-11-06 16:01 | Report Abuse

first target price 0.74

Posted by JbHotSpot > 2015-11-08 21:32 | Report Abuse

Dividend from management promise when

Posted by hng33 > 2015-11-09 17:01 | Report Abuse

Bought some Ireka at 66.5sen

Posted by hng33 > 2015-11-12 11:51 | Report Abuse

Aseana updates on planned distribution to shareholders
By StockMarketWire | Fri, 6th November 2015 - 12:08

Aseana Properties (LSE: ASPL), a property developer in Malaysia and Vietnam, has provided a further update on its planned redemption. As previously announced, Ireka Development Management has submitted applications for lenders' consents over a first distribution to shareholders of US$10m ("First Distribution") by way of a redemption of shares, which were expected to be granted before the end of September.

Ireka has been liaising intensively with the lenders and has already obtained some consents. However, at the time of this announcement, consents from the remaining lenders for the first distribution are still outstanding.

The Board are strongly committed to returning cash to shareholders and intends to make the first distribution as soon as possible. As stated in the EGM Circular published in August, the company may consider other methods of returning cash to shareholders, if it is in their best interests to do so.

Aseana says that should the remaining consents over the first distribution not be forthcoming in the near future, the Board will consider alternative methods to return cash to shareholders in a timely manner. It is intended that all shareholders will be treated equally under any distribution.

At 12:08pm: (LON:ASPL) Aseana Properties Ltd share price was -0p at 0.49p

Posted by sudahkena > 2015-11-12 12:08 | Report Abuse

Hng.. can we buy aseana?? Or buy ireka expected get more profit??

Posted by hng33 > 2015-11-12 13:51 | Report Abuse

sudakena

Aseana is listed in UK stock market, ireka control about 23% stake. In the last latest EGM, Aseana already pass resolution to divest all its properties investment within 3 year, and opt to return capital back to shareholder, with initial target to return USD20 m to be payable by these year, follow by next USD 20m next year

It is estimate Ireka will reap total about RM 230m worth of capital back within 3 year. In addition, Ireka is about to declare 3 sen dividend entitlement soon, give rise to yield 4.6% nett

Posted by sudahkena > 2015-11-12 14:48 | Report Abuse

Tq hng... I just thinking to get direct money fr aseana compared div declare by ireka...

Posted by birkincollector > 2015-11-12 18:32 | Report Abuse

dingdong for few days, ready to move if market is ok

Posted by nelayan > 2015-11-18 17:24 | Report Abuse

give 3 cen dividend.

Posted by chenkx > 2015-11-20 16:20 | Report Abuse

good !

Posted by nelayan > 2015-11-26 17:12 | Report Abuse

when is QR report?

Posted by kakashit > 2015-12-02 07:54 | Report Abuse

cash flow still healthy

Posted by Hue Woon Yang > 2016-02-02 11:50 | Report Abuse

up trend coming soon, collect more

Posted by firehawk > 2016-03-02 09:13 | Report Abuse

never rise one :-(