Posted by johnhuat88 > 2018-09-27 11:18 | Report Abuse

so undervalue company

Posted by selective_contrarian > 2018-09-27 12:40 | Report Abuse

@spygame007 you said announcement is out. Please share the link, you lying twit.

Posted by spygame007 > 2018-09-27 13:24 | Report Abuse

pls be patient la. tis announcement actually from my insider friend. later i share with u guys.

Posted by nbs3356 > 2018-09-27 13:39 | Report Abuse

spygame 真可怜

Posted by nbs3356 > 2018-09-27 13:42 | Report Abuse

spygame在这里都骗人，谁是他的朋友就可怜咯，都不知道被骗了多少次，还好我不是spygame的朋友，但这里看spygame吹水，也蛮好笑的(其码是制造笑话的妄想症人物)

Posted by nbs3356 > 2018-09-27 13:43 | Report Abuse

喜欢骗人的人应该自己生活得都不开心，我开始同情你@spygame

Posted by spygame007 > 2018-09-27 13:48 | Report Abuse

look at the chart, sad to said no hope already.

Posted by nbs3356 > 2018-09-27 14:05 | Report Abuse

对，我看你个人的人图，的确是没望了～～

Posted by G-boy > 2018-09-27 15:32 | Report Abuse

actually this time the chart look like not so good~
from technical view, yesterday a candle down mean big host already go away.
(just from my view)

Posted by pcyee56 > 2018-09-27 15:34 | Report Abuse

fundamental still good. keep fingers crossed.

Posted by spygame007 > 2018-09-27 15:57 | Report Abuse

downtrend, all the way down to 1.2

Posted by nbs3356 > 2018-09-27 15:58 | Report Abuse

down to 1.4 first ～～

Posted by spygame007 > 2018-09-27 16:04 | Report Abuse

downtrend chart!! obviously shark already gone.

Posted by nbs3356 > 2018-09-27 16:07 | Report Abuse

spygame how about next quater result
loss how many
according your *insider* news…
哈哈

Posted by eztrade > 2018-09-27 16:10 | Report Abuse

my opinion is that this stock run is over. 4 consecutive red candles and support at 1.50 broken. time to move on.

Posted by spygame007 > 2018-09-27 16:12 | Report Abuse

there will be another round of corporate exercise, right issue, issue price around 1.10. i got this news from my friend work in Ideal. believe or not up to u.

Posted by spygame007 > 2018-09-27 16:16 | Report Abuse

once dive thru 1.39, price will further dive to 1.2.

Posted by nbs3356 > 2018-09-27 16:26 | Report Abuse

real ？
right issue ？
then got free warrant or not

Posted by nbs3356 > 2018-09-27 16:26 | Report Abuse

when these corporate exercise will out

Posted by The_Reds > 2018-09-27 16:29 | Report Abuse

my friend also working in Ideal, he told me there will be bonus issue soon

Posted by spygame007 > 2018-09-27 16:30 | Report Abuse

of course real. Tat's why the price drop like hell.

Posted by spygame007 > 2018-09-27 16:31 | Report Abuse

will further dive to 1.2. better keep some bullets buy right issue

Posted by The_Reds > 2018-09-27 16:33 | Report Abuse

hahaha...right issue and bonus issue, see which 1 u believe...maybe there is no issue at all

Posted by The_Reds > 2018-09-27 16:33 | Report Abuse

everyone can talk whatever they want..even the TA chart is drawn out for u to see de

Posted by nbs3356 > 2018-09-27 16:41 | Report Abuse

@the reds i prefer bonus issue again

Posted by nbs3356 > 2018-09-27 16:41 | Report Abuse

哈哈

Posted by spygame007 > 2018-09-27 16:41 | Report Abuse

of course. believe or not is always up to u. i choice to believe it.

Posted by The_Reds > 2018-09-27 16:43 | Report Abuse

I only believe in myself...u can continue believe urself also..i dun mind

Posted by The_Reds > 2018-09-27 16:44 | Report Abuse

apa tu "i choice to believe it"
ur english grammar so poor, how to cheat ppl cari makan

Posted by spygame007 > 2018-09-27 16:44 | Report Abuse

those still dreaming the price can go up to 2. congratulations, haha. i believe it can go up to 2 but definitely not now, maybe 10 years. who know?

Posted by The_Reds > 2018-09-27 16:47 | Report Abuse

i believe it's now or never..who knows

Posted by nbs3356 > 2018-09-27 16:47 | Report Abuse

spygame but your friend also lie you that last quarter result woh

Posted by selective_contrarian > 2018-09-27 16:47 | Report Abuse

Ok, lets clear the air a little. I think some of you here are maybe thinking too much about @spygame007. I am also guilty of this. Based on everything he has said so far in this forum, he is definitely not a sophisticated trader/investor (go and read back everything he has said about the graphs and if you're a technical analyst yourself, you will quickly realise it's utter bullshit) nor does he sound like a disgruntled employee or someone with a grudge against the company (I think people like this won't waste their time talking to ikan bills like us in the hope of crashing the stock). EVEN IF in the unlikely scenario that he actually knew someone in the company, why is he being so nice to us by telling us exactly what's going to happen in return for nothing? If anything, distributing insider information like this can lead you to being caught and prosecuted by the Securities Commission so surely by doing all of this, he has something to gain right? Otherwise, why take the risk right???

Given all the evidence, it is more likely that he is just an ikan bills like most of us here that wants to buy this stock that he himself knows very well is fundamentally strong at a price that is very attractive. Only difference between him and us is that he's not afraid to lie and use deception as a way of persuading at least some of us to sell in the hopes of bringing the price down. Its exactly why he spends so much time and energy trying to persuade everyone here to sell. Except that almost every other time he has failed and then luckily for him, yesterday happened when a big fish somewhere actually sells 1 million shares for whatever reason (unlikely a pump and dump considering this big fish has sold quite low relative to the high price the stock achieved last week - if it was a pump, then why not dispose when the stock hit 1.70 so you maximise your own profit? In my opinion, whoever sold must have accumulated at a very low cost and is just plain frustrated to see the stock not moving fast enough for his/her liking). Truth is, neither @spygame007 nor any of us here knows exactly why the big fish sold and it may not have anything to do with the prospects of the company per se for all we know. I'm also almost certain it's not an insider considering they own millions worth of the stock and even a small crash like yesterday can have an effect on their net worth, which in turn affects their ability to use their shareholdings as collateral for loans etc.

Posted by Warn3r > 2018-09-27 16:47 | Report Abuse

I seriously don’t know if the price will ever go to RM 2. But I’m pretty sure FY18 EPS will hit 50+ cents.

Posted by nbs3356 > 2018-09-27 16:48 | Report Abuse

你骗人 人又骗你

Posted by selective_contrarian > 2018-09-27 16:49 | Report Abuse

And his last comment about the rights issue really makes me angry and I'll tell you why. I think our friend here has been inspired a little by the SAPNRG right issue saga and the immediate effect it had on the share price so he has decided to use that here. Fact is, Ideal is a company with almost ZERO debt and the directors have no reason whatsoever to call for a rights issue when going to a bank would be far easier. Even when they needed to raise cash the last time, they opted for an RCPS and even then, the director himself personally subscribed to the entire allocation. Does this sound like a company that even needs our f**king cash honestly????

Anyways, I am still waiting for iqapex's reply and I really want to know what they'd do in a scenario like this. Last time they replied my email, they did say they were quite surprised by the limit up and also a little disappointed that the stock price went up so high as they were looking to accumulate some more - which probably explains why they haven't published Part 4 yet? Idk and I am not going to speak on their behalf so I guess we'll just have to wait and see.

But what I can say for sure is everything @spygame007 has said about insiders and quarterly losses been utter bullcrap and I have no reason AT ALL to believe that whatever he is saying now is the truth. And I think I'll be happier just holding on to what I have rather than selling too early and regretting it later. Just take a moment to think about all those people who had listened to @spygame007's comments about the QR loss and sold before the gap up.

Posted by Warn3r > 2018-09-27 16:52 | Report Abuse

Thank you selective contrarian. There’s a small typo, yesterday the guy sold 4.2 mil shares. I also think the same, he probably needs money urgently, was frustrated or just want out and couldn’t be bothered spreading it over a few days.

I think Alfred from Batman was right about one thing, amongst others. Some people cannot be reasoned with, they just want to watch the world burn.

Posted by The_Reds > 2018-09-27 16:54 | Report Abuse

seriously u all shud be grateful that selective_contrarian is here in this forum, everytime he will write such a long paragraph to share his own view and analysis, which is based on facts and data...unlike that stupid idiot who alwiz write something nonsense

Posted by spygame007 > 2018-09-27 17:01 | Report Abuse

take a deep breath man, haha. i know u hold lots of ideal's shares. someting it's hard for u to cutloss. i experienced tis before.

Posted by nbs3356 > 2018-09-27 17:01 | Report Abuse

@selective_contrarian thanks

Posted by selective_contrarian > 2018-09-27 18:29 | Report Abuse

Don't mention it, guys. I think it is my duty to put cheating swindlers like @spygame007 in their place - or at least provide some check and balance to his bullshit for the benefit of other forum members who come here to look for genuine direction on their investments. And I promise you all that as long as he keeps making baseless claims and spreading false rumours, I will ALWAYS be here to point it out and put him in his place. Sometimes, being quiet and hoping that idiots like him will eventually get bored and go away is not enough. We have to fight fire with fire. I mean, this idiot has been spreading false rumours about Ideal ever since the stock was consolidating around RM1.30. If he didn't buy it then, do we think he's going to stop now, even when the stock is so low at RM1.45??? Of course not! So bring it @spygame007. I am more determined than ever now to call you out on your bullshit. Every time you comment something that's either untrue or without any evidence, I will counter it with the correct fact or repost all of your previous false statements just to remind everyone here (both new and old members alike) about your insincerity and malicious intentions.

And yes @spygame007, I am a long-term investor in this counter. And I have no reason to cut loss since my average cost is still very low, even compared to today's market price. But unlike you where you spend all your time and energy persuading others to sell, I rather spend it doing my research to make sure my investment is sound - irrespective of the circumstances of the market at the time. The market is not rational and sometimes, "black swan" events like yesterday does happen and we cannot stop it. But it will be very foolish for us to react to it and follow the herd when we don't know with absolute certainty the reason behind the selloff.

Just tell me something - do you think it would have been rational for any of us to sell Ideal when it was on a downtrend from RM1.40 to RM1.30 for 1.5 months before the last QR result? Yes, many people were selling even back then only because they were frustrated that the stock was not going up BUT did it change the fundamentals of the company in any way??? Absolutely NOT. The QR came out with the figures exactly as some of us here had predicted based on our research and the results were there for all to see - a beautiful limit up.

The same principle applies to yesterday's event - so long as we have no reason to believe that ACTUAL insiders of the company (not your fake imaginary "friends") are disposing, I will continue to remain invested just like many of you here. That means until we see an announcement by Bursa stating that director X or director Y has sold Z number of shares on 26/09, yesterday's anomaly can best be explained by an early accumulator disposing for whatever reason - maybe personal, maybe financial - who knows? Either way, I think he still definitely made a handsome profit which in some way explains why he was not hesitant to dump it all at one go.

Posted by selective_contrarian > 2018-09-27 18:32 | Report Abuse

I am also going to be honest here - after almost 4 months, yesterday was the first time where I was genuinely worried about my investment in Ideal. Seeing a huge selldown like that in ANY company will definitely make ALL of us think twice and I was waiting to see if it continued in the afternoon or even today. It did not and in actual fact, it only lasted about 10-15 mins yesterday - which is so uncharacteristic of a "dump". If you know your charts, you will know that dumpers do 1 of 2 things to maximise profit - they either selldown as the stock breaks a new high when demand is also at its highest OR they sell down in waves so that demand in the buy queue builds up with each subsequent selloff and they're able to extract the maximum amount of profit. The fact is neither happened yesterday and the whole "selloff" by the big fish was over in at most 15 minutes! Whatever happened after 11.45 and in the afternoon session is merely the ikan bills REACTION to the selloff. There was no large sell orders of more than 100K shares at one go beyond 11.45 as far as I remember.

I also did not count the exact number of shares sold by the big fish but I think it should be between 1-1.5 million shares (@Warn3r, 4.2 million is the TOTAL volume for the whole day and NOT the number of shares sold by the big fish alone). If the big players had continued dumping throughout the afternoon and at any point today, then I think we should have every reason to be worried. But the fact that they didn't actually gives me confidence that it could be a one-off event.

That being said, I still urge you all to be cautious and wait at least until tomorrow - if there is no more dumping where 100K shares or above are disposed at one go, then the stock will definitely be oversold and be due for a rebound next week. I also wouldn't encourage you all to hope that this stock will move up so fast. It is not it's nature. So if you're reading this as a contra player, I would actually urge you not to buy because you will then have to sell at a lower price if the stock doesn't go up immediately. And always remember - price does NOT equal value. Just tell that to anyone who sold before the QR - it's not like the information was not available publicly for us to see. It's just that some people CHOSE not to see it because they were too greedy and wanted an immediate profit and so relied on the market to set a price for them. In the end, it was their loss so don’t say you have not been warned.

Posted by Warn3r > 2018-09-27 19:24 | Report Abuse

Thanks again selective contrarian. I stand corrected. With an average daily traded shares of 300-400k, I made the simplistic presumption that almost all of them are from the big fish.

If the big fish threw 1+ million shares, are the other 3mils shares traded a knee-jerk reaction by small fishes like us?

Thanks.

Posted by spygame007 > 2018-09-27 19:38 | Report Abuse

downtrend chart. chart never lie.

Posted by rojakmee > 2018-09-27 22:02 | Report Abuse

Me not worried at all, some big fish sold thier, shark still accumulating , matter of time will be back to above rm1.70

Posted by nbs3356 > 2018-09-27 23:02 | Report Abuse

selective_contrarian thanks again

Posted by iqapex > 2018-09-28 04:15 | Report Abuse

Hi, my name is Alan and I'm one of the founding partners at Quantum Apex Investments. Some of you may have read the articles we wrote about this company a few weeks ago. Under ordinary circumstances, it is not usually our policy to post comments on public forums but in light of yesterday's extraordinary turn of events and the emails which we subsequently received seeking our counsel (presumably from some of you here), we thought we will make an exception - just this once.

Like many of you, we were also taken aback by the selldown that occurred between 11:32:33 and 11:42:32 yesterday. Excluding the minor transactions that occurred in-between the large sell orders, our in-house trading platform computed that a total of 1,677,500 shares were disposed by key player(s) in that relatively brief time period of 9 mins 59 secs.

We were unable to ascertain if the transactions originated from a single major player or multiple operators but what we are certain of is that the entire disposal exercise took place over 5 distinct tranches during the course of the above-mentioned timeframe of just under 10 minutes. You will find all 5 tranches along with their corresponding price ranges listed below for ease of reference :

(1) 11:32:33 - 500,000 (RM1.62 - RM1.50)
(2) 11:37:41 - 477,500 (RM1.55 - RM1.43)
(3) 11:38:02 - 90,000 (RM1.43 - RM1.39)
(4) 11:41:58 - 110,000 (RM1.50 - RM1.43)
(5) 11:42:32 - 500,000 (RM1.48 - RM1.40)

When our algorithms first picked up on the selldown, our first reaction was to enquire if any of the company's major shareholders were disposing and if such activities were set to continue. Our contact, who we can safely say has been relatively reliable in the past with regards to the comings and goings of the company, categorically confirmed that this was not the case to the best of his knowledge and that he was not aware of any immediate events in the horizon that could lead to such a selldown. Having established this, we immediately got to work accumulating the excess shares being offered for sale by the retailers in the aftermath of the flash crash.

As value investors, opportunities like this don't come by often and as one of you here has rightfully pointed out, we must admit that we were pleasantly surprised by the rapid acceleration in price the stock underwent after the release of the last quarterly report. We knew the company was deeply undervalued but we simply never expected the revaluation to happen almost overnight. Needless to say, our articles somewhat contributed to the limit up and to this day, we still regret having published them too soon as it only served to prevent us from increasing our stake in the company even further. Fortunately, all that changed yesterday.

Between 11:45 AM and 12:00 PM, we successfully doubled our stake in the company by aggressively purchasing as many shares as we could from panicking retailers who were kind enough to offer us their shares for under RM1.50 (which we considered to be a key support level and hence, our accumulation ceiling). We did this both systematically and discreetly so as not to give the appearance of an active mass buyer as we realised that this information, if made public via a single aggressive buy order, was very likely to halt the retail selling of shares at lower price levels. Thus, instead of utilising market orders that fill based on quantity rather than price, we purchased shares at individual price points as and when they appeared in the sell queue under our price target ceiling.

In the end, our strategy proved successful as we were able to rapidly mop up any excess without overpaying for any of the shares we were acquiring. Considering our initial investment was at an average cost of just over RM0.90, we were very pleased to be able to end the day not only having almost doubled it at a steep discount to intrinsic value but more importantly, to still come out with an average cost well below the prevailing market price. In the immortal words of Warren Buffet, it was like purchasing a dollar for 50 cents.

Posted by iqapex > 2018-09-28 04:16 | Report Abuse

In some ways, as much as we do not condone such abhorrent practices, we can’t help but feel indebted to some of you here who have been spreading fear and doubt that ultimately led to the over-exaggerated selloff. Admittedly, this will always be a prevalent issue with small and mid-cap stocks that have limited liquidity and few institutional backers. We certainly don’t think that there would’ve been as many shares available to us below the key support levels had there not been some level of fear already imbedded within the mindset of the retailers who were quick to dispose at the first signs of trouble. While it is true that technicals may not be working in this stock's favour at this particular point in time, we firmly believe that it only tells one side of the story. Ultimately, like most of you here, we did not invest in Ideal due to its technical strength but rather because we realised that it was a fantastic business that is able to generate consistent earnings and has a growth trajectory unlike any other company that we have ever seen on the Malaysian stock exchange. And since we’re in this for the long run with an investment horizon of no less than one year, we did not hesitate to accumulate when the opportunity arose yesterday as we are fairly confident that over time, the stock will certainly appreciate to reflect it’s true intrinsic value. We’re not saying it’s going to happen tomorrow or the week after but it most certainly will given enough time. If it’s anything to go by, the very fact that the stock rallied nearly 100% from RM0.70 to RM1.40 in just under 2 months and then hit limit up on a single trading day is in itself sufficient evidence demonstrating that strong buy-side demand is indeed present, albeit not sustained. And not having sustained demand on a daily basis quite simply does not constitute a valid enough reason for us to even consider selling our position in such a fantastic business, especially when the stock more than compensates for a lack of daily activity with a sudden surge in demand when new information comes to light.

On a personal level, we are also of the conviction that technical analysis is not an exact science and does not apply very well in reality to stocks that are thinly traded such as Ideal whereby bid-ask spreads tend to be disproportionately large. For instance, a single broad lot order (100 shares) placed immediately prior to closing could create a completely different candlestick that is simply not reflective of the day's trading activities. Hence, swing traders looking for clues in the daily charts may be inadvertently misled into believing a bullish signal had formed when in reality, the day’s transactions had been very much dominated by the bears. The converse also applies to bearish candlesticks that form at the end of days with largely bullish daily transactions due to a single well-placed broad lot sell order right before closing. Thus, we believe that it would be more prudent to rely more on fundamental rather than technical analysis when when making investment decisions over such illiquid counters such as Ideal. All in all, we still remain very bullish on the company in the long-run and unless new material circumstances arise that dramatically alters our view of the company, we see absolutely no reason to abandon our investment even in light of the recent selldown which we firmly believe to be a one-off incident - most likely by a disgruntled and/or impatient early investor. 



As always, our post is merely a response to some of the queries we have received over the past 36 hours and we are in no position to give investment advice to the public at large. As such, you’re advised to trade and/or invest at your own risk and to bear the full consequences of your investment decisions. We wish you all the best and we hope that you will always be governed by reason and not emotions, especially when making your respective investment decisions.



Regards,

Alan.

Posted by Warn3r > 2018-09-28 07:00 | Report Abuse

Thank you Alan for taking the trouble to write this up. It is most certainly helpful, at least for me. Proved to myself my earlier guess that someone indeed picked up those disposed shares at a discounted price. (Why pay them a good price when they want a quick exit?) With such due diligence and careful execution, you have indeed given me a boost of confidence in this counter. Albeit I think I need to work on this area, confidence should come within myself rooted from a deep understanding of exactly what and why I am buying.

Also, I would like to thank selective contrarian for helping us all to write to Quantum Apex Investments. Otherwise, Alan would not be aware of the confusion here, and cared enough to explain to us small fishes.

Thanks again. Your post is so informative and well written I’m going to jump right back to reading the second and likely third time after posting mine.

Posted by The_Reds > 2018-09-28 07:15 | Report Abuse

Thanks Alan and ur team in iqapex. The analysis is very valuable. Highly appreciated it.