|
| |
Overview
Financial Highlight
HeadlinesBusiness Background Ikhmas Jaya Group Bhd is engaged in civil and building construction. The company involves in the engineering and construction of piling and foundation, bridges and buildings. Its only product is engineering and construction which includes piling and foundation, bridges and building wherein the piling and foundation it offers piling works, construction retaining walls, constructions of the basement. Piling work is the process of placing piles or supporting columns below the ground to support or to serve as the foundation for above ground structures that specialized in bore piling and micropiling. construction retaining walls used to retain soil, rock or other material in a vertical condition. constructions of basement incorporated as part of piling and foundation work.
  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 JN88 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. 04/10/2019 10:02 AM  Mabel @scjm mabel did you read my response posted yesterday Unfortunately not scjm, Why delete? Share it here so that we can all evaluate.. 04/10/2019 10:33 AM Mabel 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... 04/10/2019 10:41 AM SWT1988 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 04/10/2019 10:47 AM 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 04/10/2019 10:51 AM Mabel @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 ! 04/10/2019 11:01 AM  rajachulan if next week open higher than today close price.. i will jump in to support you 04/10/2019 11:21 AM scjm 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 04/10/2019 11:40 AM Mabel @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! 05/10/2019 12:00 AM SWT1988 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. 06/10/2019 5:41 PM SWT1988 Wah big shark already made nearly 50% ( 0.70 x 1.5 = 10.5 ). Later ikan bilis will become ikan masin if u'turn 07/10/2019 10:38 AM gggSTOCK gggSTOCK bought at 0.07, sold at 0.09 02/10/2019 7:03 PM ------------------------------------------------------------- TP 0.13 07/10/2019 12:15 PM rajachulan queued 95c since morning... never expected to be matched.. but it did...guess i will be joining everyone in praying! lol 07/10/2019 5:43 PM TrendLai Court case settled out of court, good sign. Looking forward to put all efforts to work 08/10/2019 6:39 PM Mabel 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? 12/10/2019 12:35 AM TrendLai Stock: [IKHMAS]: IKHMAS JAYA GROUP BHD https://klse.i3investor.com/servlets/forum/800004419.jsp 12/10/2019 10:30 PM Mabel 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 12/10/2019 10:33 PM Michael Kwok 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. 12/10/2019 10:50 PM Mabel All I can say about Ikhmas is.... "luka lama belum hilang lagi" I will continue to hold until next quarter.. Even Budget 2020 no mention about ECRL.. 13/10/2019 8:53 PM Mabel Better put my money to top Air Asia so they can lease more airplane for everyone to fly since there's no ECRL and HSR anytime soon.. :( 13/10/2019 8:57 PM Mabel Looks like the disposal is not over yet... 08-Oct-2019 Insider AURA PERDANA (MALAYSIA) SDN BHD (a substantial shareholder) disposed 8,200,000 shares on 04-Oct-2019. 08-Oct-2019 Insider IKHMAS JAYA HOLDINGS SDN BHD (a substantial shareholder) disposed 8,200,000 shares on 04-Oct-2019. 08-Oct-2019 Insider DATO DR IR KHOO PING SEN (a substantial shareholder) disposed 8,200,000 shares on 04-Oct-2019. 08-Oct-2019 Insider DATO' ANG CHENG SIONG (a substantial shareholder) disposed 8,200,000 shares on 04-Oct-2019. 08-Oct-2019 Insider DATIN KUN HAW CHOY (a substantial shareholder) disposed 8,200,000 shares on 04-Oct-2019. 08-Oct-2019 Insider DATO' ANG CHENG SIONG (a company director) disposed 8,200,000 shares at 0.080 on 04-Oct-2019. 08-Oct-2019 Insider DATO DR IR KHOO PING SEN (a company director) disposed 8,200,000 shares at 0.080 on 04-Oct-2019. 13/10/2019 9:16 PM Andra KD Waiting second round rebound from lowest level at 0.07 , good news will coming in very soon, this company can perform well , just collect at the bottom line... 14/10/2019 1:57 PM JN88 RM80-90 million will come in after finish the court case with DJ company....expected the process complete in coming month... Total debt for company only RM80 plus million.....no debt after received the payment from the DJ... 14/10/2019 2:36 PM kimsean If you guys devote your resources to other promising stocks, it will be many times more productive. Why stick to this failing stock, just couldn't understand. 14/10/2019 9:19 PM flexibt When will it stops? SHAH ALAM HIGH COURT CIVIL SUIT NO. BA-22NCvC-431-10/2019 BETWEEN ILHAM METRO CONSTRUCTION SDN. BHD. (“PLAINTIFF”) AND IKHMAS JAYA GROUP BERHAD (“IJGB”) 1. INTRODUCTION The Board of Directors of IJGB wishes to announce that the Company had today been served with a Writ of Summons dated 3 October 2019 (“Writ”) and Statement of Claim dated 2 October 2019 (“SoC”) by the solicitors of the Plaintiff. 2. Details of the circumstances leading to the filing of the Writ and SoC The Plaintiff, IJGB and Ikhmas Jaya Sdn Bhd, a wholly owned subsidiary of IJGB (“IJSB”) had entered into a Memorandum of Understanding wherein the Plaintiff and IJSB have been invited to participate in a proposed project known as Rancangan Tebatan Banjir Sungai Pendang, Kedah Darul Aman: Menaiktaraf Sungai Choras/Sungai Sala dan Struktur-Struktur Serta Kerja-Kerja Berkaitan (“the Project”), as a subcontractor by forming a joint venture to carry out the works under the Project in the event that IJGB is awarded the Project. Jabatan Pengairan Dan Saliran Malaysia had via the Letter of Acceptance of Tender dated 9 April 2018 awarded the Project to IJGB as the main contractor. The Plaintiff and IJSB had formed an unincorporated joint venture for the sole purpose of undertaking the execution and completion of the Project. For the purposes of preparing and submitting its tender for the Project, the Plaintiff had agreed to grant a friendly loan of RM1,500,000 to IJGB (“the Loan”). IJGB had made part payment totalling RM150,000 towards the repayment of the Loan. The balance of Loan totalling RM1,350,000 remains outstanding and payable to the Plaintiff. 3. DETAILS OF THE CLAIM The Claim made by the Plaintiff against the Defendant are detailing below:- (a) Total Outstanding Sum amounting to RM1,350,000.00; (b) Interest on the Judgement Sum at a rate of 5% per annum from the date of this action until the date of full and final settlement; (c) Costs; and (d) Such further and other reliefs as the Court deems fits and proper to grant. 4. FINANCIAL AND OPERATIONAL IMPACT The Claim is not anticipated to have any significant financial and operational impact on the Group’s results for the financial year ending 31 December 2019 since the abovementioned amount has been accrued for in the financial statements. 5. DIRECTORS’ AND MAJOR SHAREHOLDERS INTEREST None of the Directors and/or Major Shareholders of IJGB and/or persons connected to them have any interest, direct or indirect in the Claim. 6. STEPS TAKEN IN RESPECT OF THE WRIT AND SoC The Company is in consultation with its solicitors on the appropriate action to be taken to ensure that the rights of the Company are protected. This announcement is dated 15 October 2019. 15/10/2019 6:10 PM leekokshen Not counting the latest material litigation, there's already 8 cases in the last quarterly report. Moving forward, judging from the trend, the directors and company have no choice but keep disposing shares to survive, not sure whether my observation is right or not. 16/10/2019 2:17 PM Mabel Ikhmas Jaya: Served winding-up petition by Ipmuda for owing RM3m. Ikhmas Jaya Group and its wholly-owned unit Ikhmas Jaya SB (IJSB) have been served with a winding-up petition from Ipmuda for owing RM2.97m. The sum is the amount owed for the goods delivered and services provided by Ipmuda. It is currently in consultation with its solicitors on the appropriate action to be taken on the winding-up petition. (The Edge) 17/10/2019 10:03 AM  |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
