Posted by gggSTOCK > 2019-10-02 19:03 | Report Abuse

bought at 0.07, sold at 0.09

Posted by Ncm88 > 2019-10-02 19:14 | Report Abuse

Yakahhh 0.07 can buy ? 0.09 can sell on time ? Tokok punya

Posted by Ubbikayu111 > 2019-10-02 21:21 | Report Abuse

Director Sell and Buy back Ka ka ka ka

Posted by Mabel > 2019-10-02 22:29 | Report Abuse

@Ncm88 Mabel cut loss liao no add 0.075

Like I said, I'm still holding half so no issues...

What I need is a catalyst to accumulate...Otherwise, I will leave it as it is...

Today it's looks good despite KLCI heading towards fresh four-year low...

Cut loss is actually good for me as I have used that money to buy more into Alam, KNM and ELSOFT...

Posted by Mabel > 2019-10-02 22:46 | Report Abuse

@elaine3 @scjm&mabel - I too holding a lot of this stock like 150k. Not sure to cut loss now as the level so low. What do u guys think? Possible of rebound?

Elaine3 Sis,

If you want to cut your loss, you should have done it earlier. That's what I actually did after knowing the directors are selling as I seldom visit this counter.

Of course, anything is possible...otherwise we all wouldn't be here.

Just trust your woman instinct...and hope for the best!

Cheers!

Posted by goh188 > 2019-10-03 14:07 | Report Abuse

Sell before it is suspended.

Posted by goh188 > 2019-10-03 14:09 | Report Abuse

Anything above 1 sen is sell.

Posted by Peter2357 > 2019-10-03 20:54 | Report Abuse

Ikhmas Jaya was listed in 2015 at an offer price of 57 sen
It is a piling specialist construction and there are only a few of these highly expertise companies in Bursa.
It’s involved in bridges highways LRT etc.
I believe in it due to its highly experienced directors and presently a job contracts of more than Rm 800M in hand .

Posted by flexibt > 2019-10-04 00:17 | Report Abuse

Reference is made to the Company’s announcement dated 24 July 2019.


The Board of Directors of IJGB wishes to announce that subsequent to the announcement made on 24 July 2019, IJGB had settled part of the amount owing and leaving a balance of RM1,322,905.87 due and owing to the Petitioner (“Outstanding Sum”).


The parties had agreed to a settlement of all claims, counterclaims, rights and liabilities that they have or may have against each other arising under and/or in connection with the Settlement Agreement executed on 22 June 2018 and Corporate Guarantee and the Winding Up Petition (hereinafter referred to as “the Disputes”) in accordance with terms stated in the New Settlement Agreement executed on 3 October 2019.


In accordance with the New Settlement Agreement, Ikhmas Jaya Sdn Bhd (“IJSB”) has agreed to transfer all its rights in the following equipment:-


a) Two 2 units of BG25C Rigs with a total value of RM1,200,000; and


b) Three (3) Kelly Bars for an estimated value of RM122,290.87.


The Petitioner has agreed to take steps to withdraw all proceedings against IJSB and/or IJGB with no liberty to file afresh and no order as to costs by way of filing a Notice of Discontinuance in the Winding Up Petition with the Petition No. BA-28NCC-442-07/2019.


This announcement is dated 3 October 2019.





hmmm...asset loss..

a daunting task for IJ to recover RM80 million from D.J. DESIGN & SUPPLIERS SDN. BHD ..

Posted by JN88 > 2019-10-04 00:22 | Report Abuse

Flexibt: look at the report careful Total other company hutang to ikhmas is RM 130 millions plus....Ikhmas only hutang RM 13 millions overdue....

Damai88 23 units will be under Ikhmas if everything go smooth....that worth RM 43 millions....

Posted by flexibt > 2019-10-04 00:51 | Report Abuse

Pursuant to the Writ and SoC, IJSB is claiming the following:-
(i) Specific order to execute the Settlement Agreement dated 17 April 2017 and the
Supplementary Agreement dated 21 March 2018 for the transfer of all the 19 New
Contra Units free from encumbrances to IJSB or the nominee to be identified by
IJSB within 14 days from the court order;
(ii) Alternatively, in the event the transfers of all the 19 Contra Units are unable to take
place within 14 days from the order for whatever reasons, DJ Design shall pay to
IJSB a sum of RM46,237,500 being the agreed value equivalent to the value of the
New Contra Units;
(iii) Outstanding amount of RM15,705,500;
(iv) DJ Design shall pay the entire outstanding amount of RM6,304,851.90 to the NSC
and RM161,800.78 to IJSB being the payment made by IJSB to one of the NSC;
(v) Interest of 1.5% per month and as at 31 March 2019, the amount was
RM21,864,961.36 up to the date of full settlement;
(vi) Costs; and
(vii) Other reliefs deemed fair and just by the Court.

Posted by JN88 > 2019-10-04 01:05 | Report Abuse

Ikhmas Jaya Sdn Bhd (“IJSB”) (“Plaintiff”) vs DJ Design & Suppliers (“Defendant”).
Kuala Lumpur High Court Writ of Summons (“Writ”) No. WA-22NCVC-394-06/2019.
IJSB had via its solicitors served a Writ and Statement of Claim on the Defendant to claim for
specific performance on the Settlement Agreement dated 17 April 2017 and Supplementary
Agreement dated 21 March 2018.
Breakdown of the claims amounting to RM90,112,813.26 in summary is given as in the
following:
(i) RM46,237,500.00 - market worth for twenty three (23) units of high end high rise
and fully furnished apartments (“Damai 88”) in Ampang, Kuala
Lumpur.
(ii) RM6,304,851.90 - undertaking given by Defendant to pay various nominated sub
-contractors and suppliers of Plaintiff.
(iii) RM15,705,500.00 - balance of cash instalment payment which has been long over
-due as the Defendant failed to honour its obligations.
(iv) RM21,864,961.36 - outstanding interest charges at the rate of 1.5% per month on
overdue instalments.
The Court has fixed the matter for case management on 6 September 2019.

Posted by JN88 > 2019-10-04 01:05 | Report Abuse

Ikhmas Jaya Sdn. Bhd. (“IJSB”) vs ASM Development (KL) Sdn. Bhd. Kuala Lumpur High
Court Suit No. WA-22C-64-08/2018
IJSB through its solicitors had on 15 August 2018 served a sealed copy of the Writ of
Summons (“Writ”) and Statement of Claim (“SoC”) against ASM Development (KL) Sdn Bhd.
(“the Defendant”).
IJSB is claiming for RM14,583,764.69 from the Defendant being the outstanding balance of
the certified contractual work done.
The Hearing for Notice of Application under Order 14 had been fixed on 9 January 2019. The
said Order had been dismissed by the High Court. The case had been fixed for trial from 5
August 2019 to 8 August 2019. The High Court has adjourned the case for full trial from 17
September 2019 to 18 September 2019. The hearing of the Defendant’s Application has been
fixed on 3 September 2019.

Posted by flexibt > 2019-10-04 03:25 | Report Abuse

For ASM, should refer to this latest one

Description IKHMAS JAYA GROUP BERHAD ("IKHMAS" OR "THE COMPANY")
- KUALA LUMPUR HIGH COURT SUIT NO: WA-22C-64-08/2018 IKHMAS JAYA SDN BHD VS ASM DEVELOPMENT (KL) SDN BHD
Reference is made to the announcement dated 16 August 2019.



The Board of Directors of IJGB wishes to inform at the Case Management held on 10 September 2019, the Court had instructed Ikhmas Jaya Sdn Bhd ("IJSB") to only claim for RM11,641,060.54 being the works done for the Maju KL Project. The trial has been fixed on 18 September 2019.



The claim filed by IJSB earlier of RM14,583,764.69 was for the works carried out for both Maju KL and Station Hotel Projects.



IJSB would consult its solicitors and take the necessary action to recover the claim for works carried out for the Station Hotel Project.



This announcement is dated 11 September 2019.

Posted by SWT1988 > 2019-10-04 09:55 | Report Abuse

Small company with so many court cases. Bad impression.

Posted by SWT1988 > 2019-10-04 10:00 | Report Abuse

On can trade / bet but not invest. This how big shark make money on this stock. Up a lot n down a lot but sad ending.

Posted by JN88 > 2019-10-04 10:02 | Report Abuse

SWT1988: This is very normal for Malaysia, Malaysia culture, I own you money, you own other people money, who can't tahan die first. The most serious situation in Malaysia is when you complete the project for example Redang 160 units affordable apartment by ikhmas. The gov accused your project delay. Ikhmas is quite stupid take up the Kuala Terenganu, Rehang project.

Posted by scjm > 2019-10-04 10:03 | Report Abuse

mabel did you read my response posted yesterday

Posted by scjm > 2019-10-04 10:04 | Report Abuse

which i deleted last night at 8.30 pm

Posted by Mabel > 2019-10-04 10:33 | Report Abuse

@scjm mabel did you read my response posted yesterday

Unfortunately not scjm,

Why delete? Share it here so that we can all evaluate..

Posted by scjm > 2019-10-04 10:35 | Report Abuse

okie dokie i repost ya please wait

Posted by Hawk Eye > 2019-10-04 10:38 | Report Abuse

gd volume la...buy buy

Posted by Mabel > 2019-10-04 10:41 | Report Abuse

Anyway, I still don't get it...

800 million contracts. 4 consecutive quarters loss. When I bought it, I was anticipating a positive turnaround in Q2. Unfortunately the losses get bigger. Than all these litigation, than no ECRL at sights which was pump up earlier, than share keep going down...

Fair enough, I decided to bite the bullets...think long term...

It was only when there's massive continuous selling by the Directors, that's when I decided to act...

Bottom line, if we have a butch of competence people running this company, we will not have these issues in the 1st place...

Posted by SWT1988 > 2019-10-04 10:47 | Report Abuse

Now technical rebound after oversold at 0.07/0.075. Current price 0.09 already up more than 25%. Not surprise if up more than 50% ( 0.07 × 1.5 = 0.105 ). C how they make money! Malaysia boleh

Posted by scjm > 2019-10-04 10:51 | Report Abuse

mabel ppl have reacted most unfavourably on the news of its poor financial condition and subsequently broke the low 9 sen though we saw buying came in to support at 7 sen then a pullback to retest 9 sen ending with a bullish engulfing yesterday but at the same time filled the gap down at 9 sen(it is normal to see a dip thereafter which it did to 8 sen)...please note for downtrending stocks like ikhmas at the moment ppl would sell on rebound...now if there is a rebound then it would fill the gap down at 11 sen which i think it should and if ppl forgets about its prevailing dire straits condition then the price would move up to 12-15 sen...now until and unless there is a dramatic turn of event the gap down at 17 sen appeared unlikely to be filled...so watch the vital 7 sen for further downside and 9 sen for further upside
perhaps you might wish to take a look at fpgroup to help recoup your inevitable loss (only if i were able to have this posted earlier you could have it at 40 sen if you decided to take a shot at it)
see this time bolih dapat hantar this message over here

Posted by Mabel > 2019-10-04 11:01 | Report Abuse

@scjm mabel ppl have reacted most unfavourably on the news of its poor financial condition and subsequently broke the low 9 sen though we saw buying came in to support at 7 sen then a pullback to retest 9 sen ending with a bullish engulfing yesterday but at the same time filled the gap down at 9 sen(it is normal to see a dip thereafter which it did to 8 sen)...please note for downtrending stocks like ikhmas at the moment ppl would sell on rebound...now if there is a rebound then it would fill the gap down at 11 sen which i think it should and if ppl forgets about its prevailing dire straits condition then the price would move up to 12-15 sen...now until and unless there is a dramatic turn of event the gap down at 17 sen appeared unlikely to be filled...so watch the vital 7 sen for further downside and 9 sen for further upside
perhaps you might wish to take a look at fpgroup to help recoup your inevitable loss (only if i were able to have this posted earlier you could have it at 40 sen if you decided to take a shot at it)
see this time bolih dapat hantar this message over here
---

Noted and thanks scjm. I will watch for these two pivoted price as you recommend.

Since it already on the upward trends, I will continue to hold the remaining of my shares with anticipation for more good news and better result in next quarters..

Thanks for sharing it here bro !

Posted by rajachulan > 2019-10-04 11:21 | Report Abuse

if next week open higher than today close price.. i will jump in to support you

Posted by scjm > 2019-10-04 11:40 | Report Abuse

mabel you are most welcome by the way i do not have a single share in ikhmas though i bought fpgroup at 40 sen with a tp1 at 42.5 and tp2 at 45 to 46 and should the momentum remained strong i would go for 49 and hopeful aim at the ultimate 57.5 ...good luck and cheerio

Posted by CityHuntEr > 2019-10-04 13:47 | Report Abuse

have to wait for the white knight...

Posted by Mabel > 2019-10-05 00:00 | Report Abuse

@SWT1988 Small company with so many court cases. Bad impression.
04/10/2019 9:55 AM

SWT1988 On can trade / bet but not invest. This how big shark make money on this stock. Up a lot n down a lot but sad ending.
04/10/2019 10:00 AM
------

Very good observation!

Posted by SWT1988 > 2019-10-06 17:41 | Report Abuse

Let c how strong will b this technical rebound. Currently already up more than 30% n not surprise if up 50% from 0.07 oversold support. Any reversal trend after that will kill u. Don't forget about historical crazy month of Oct.

Posted by TrendLai > 2019-10-06 17:54 | Report Abuse

Will settle court cases amicably maybe still have hope of going forward

Posted by azta12 > 2019-10-07 09:53 | Report Abuse

nice and steady

Posted by SWT1988 > 2019-10-07 10:38 | Report Abuse

Wah big shark already made nearly 50% ( 0.70 x 1.5 = 10.5 ). Later ikan bilis will become ikan masin if u'turn

Posted by W0099 > 2019-10-07 11:57 | Report Abuse

Careful is better SWT1988 good notice!!

Posted by gggSTOCK > 2019-10-07 12:15 | Report Abuse

gggSTOCK bought at 0.07, sold at 0.09
02/10/2019 7:03 PM

-------------------------------------------------------------

TP 0.13

Posted by rajachulan > 2019-10-07 17:43 | Report Abuse

queued 95c since morning... never expected to be matched.. but it did...guess i will be joining everyone in praying! lol

Posted by W0099 > 2019-10-08 15:40 | Report Abuse

Fishing again

Posted by speakup > 2019-10-08 16:34 | Report Abuse

wow last time 80sen share now 9sen share

Posted by W0099 > 2019-10-08 18:07 | Report Abuse

Another issue case settle

Posted by JN88 > 2019-10-08 18:14 | Report Abuse

Boss sell shares collect money to settle court case...

Posted by TrendLai > 2019-10-08 18:39 | Report Abuse

Court case settled out of court, good sign. Looking forward to put all efforts to work

Posted by TrendLai > 2019-10-08 18:59 | Report Abuse

Like a Phoenix rises from the ashes.

Posted by Mabel > 2019-10-11 00:45 | Report Abuse

Just continues to monitor..

Posted by scjm > 2019-10-11 09:27 | Report Abuse

howdy mabel, you may wish to take a look at mtouche

Posted by Mabel > 2019-10-12 00:35 | Report Abuse

I was initially attracted to invest into the company due to its high cash balance and low debt level (net cash of RM30.5mil). However, most of this cash that was raised during during the last right issue exercise back in November are already assign to specifics projects. Most of the remaining RM30 mil will be used to expend further the company's current business.

You should only invest in this company if you believe that management would be able to turnaround the company via further expansion of the company current businesses. It would be better for you to wait for the next quarter to see if things has started to turnaround or not..

Hopefully all the new investment that the company had make and going to make will start to bear fruits soon and compensate those investors that had put their confidence in the company's management

What do you think scjm?

Posted by TrendLai > 2019-10-12 22:00 | Report Abuse

DJ design owe lkhmas a huge sum for jobs done,

Posted by TrendLai > 2019-10-12 22:30 | Report Abuse

Stock: [IKHMAS]: IKHMAS JAYA GROUP BHD https://klse.i3investor.com/servlets/forum/800004419.jsp

Posted by Mabel > 2019-10-12 22:33 | Report Abuse

Noted and thanks for this tips scjm...

I appreciate your inputs in this. I will do more research on this and if it's fits to the 12MP and compliments my current technology and Telco stocks, I may join the bandwagon to buy this shares since it has just registered it's first profit...

Once again, thanks for sharing.

Cheers

Posted by Michael Kwok > 2019-10-12 22:50 | Report Abuse

AT(0027) vs Ikhmas who will win?I doubt about Ikhmas.Do there have enough cash to continue and bid for projects.AT will bypass Ikhmas.