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IPO Info Key Data:
Prospectus: Abridged Prospectus - Renounceable two-call rights issue of up to 96,230,650 new ordinary shares of RM0.50 each in Innoprise after the Share Split ("Split Share(s)") ("Rights Share(s)") on the basis of one (1) Rights Share for every four (4) Split Shares held as at 5.00 p.m. on Wednesday, 3 February 2016 at an issue price of RM0.50 per Rights Share, of which the First Call of RM0.38 per Rights Share is payable in cash on application and the Second Call of RM0.12 is to be capitalised from Innoprise's share premium and retained earnings account ("Two-Call Rights Issue")
  Rica7894 <Thinking Long Term: A plantation company of double digit FFB production growth for many years to come.> Innoprise Plantations Bhd (IPB) has planted 12,294 hectares of oil palms in a contiguous piece of land in Tawau, Sabah together with a 60 MT FFB/ hr palm oil mill. <Good harvest ahead.> IPB has excellent age profile of overwhelmingly young mature and immature oil palms. About 10,686 hectares or 88 per cent of the plantings are mature of which only about 1,750 ha are in prime age and the balance young mature palms. IPB has since 2009 started large scale planting of TSH Wakuba clonal oil palms with proven high FFB and oil yield. As about 20 per cent of the total area has been planted with clonal oil palms, this will accelerate future FFB production growth. Oil extraction rate achieved over the last two years averaged 24.5 per cent , well above the national average of 20.2 per cent. <Good dividends ahead.> IPB's net debt has been dropping rapidly over the last 2 years and will likely fall to below RM25 million by end of 2017 giving a net gearing ratio of 8 per cent. Cash flow wise the company is in a sweet spot as virtually all planting and development expenditure has been incurred and most infrastructure facilities for staff and employees completed. This bodes well for future dividend pay-out. 09/11/2017 15:06 Jian Bin Siew What kind of bad quarter could be? From RM1plus few days to 66.5sen lowest today. If this quarter can give 2 sen, total dividend of 4 sen. More than 5% already based on 71 sen closing price. 21/02/2018 17:24 sosfinance Q4 production of FFB is 64,200 mt (2016: 43,200 mt), an increase of 49%. Today's closing price of 71 sen appears a bargain compared with: INNO has 11,905 ha, market cap is now RM340m 1) FGV bought over Pontian - RM1.2billion for 16,188 ha (Sabah) 2) Boustead bought over land from Dutaland Oct 2017 - RM750million for 11,579 ha (Sabah) Any major negative news not reported yet? 21/02/2018 17:50 sosfinance Simple calculation (using market cap instead of EV): INNO = RM28.6k/ha Dutaland = RM64.8k/ha Pontian = RM74.1k/ha (INNO's plantation = 20% immature, 15% mature (7-10 yrs), 65% young mature (4-7yrs)) Extraction rate is 24.6% for FYE2016. From a business point of view, a bargain. 21/02/2018 18:00 Jian Bin Siew Definitely a bargain buy. Just wondering who is selling and what is the motive behind. Unless some negative news that we are not aware. 21/02/2018 19:39 Sebastian Sted Power very unlikely or impossible to post -ve QR. Seem like some shark unloaded. Just managed to add little bit at 74cents this morning. Yesterday was so unusual. 69-70cents also masuk a bit 22/02/2018 11:36 Sebastian Sted Power some little sharks who hold below 5% shares diam diam unloaded yesterday then caused panic selling 22/02/2018 11:42 leslieroycarter labor shortage in plantations is a big headache n most plantations r losing out due to that single factor. 22/02/2018 22:22 Invest_168 Week before results out, drag it down like hell. create panic selling. One day before quarterly result announced, fried it up. This should be done by insider. SC should check thoroughly who was manipulating the share price. 23/02/2018 00:08 Sebastian Sted Power 1.10-1.11 clear all my stock.. Worth invest in this counter but I still dont understand why happen 2-3 days ago.. SC confirm will investigate this 23/02/2018 09:04 Sebastian Sted Power lots of people included myslef will clear their stocks which bought 1-2 days ago. T+3 will be very critical for those who purchase now. I only can say good luck. 2days trading earn 40-50% is a lot. However I will consider buy again when the price is ok. (maybe after T+3) 23/02/2018 10:08 leslieroycarter After the gapped up , those who hold earlier has made lots of monies and surely will dispose off in the first bell.Those who bought in the gapped up must be careful because chances you may have to hold for a very far long time to see yet another gap up or possibly yes or no. It may fall to its original after the sharks had unloaded after someone has given the tipsy to his followers in thousands. This is more like planned and sydicated routine play for a few stocks in a day . The companies selected are all below RM 1. 24/02/2018 08:27 sosfinance Last 6 days volume, about 20mil, exceed the entire last few years total volume accumulated. ??? That shows that operators can "play" very very low liquid stocks. Top 30 shareholders owns about 95%. 24/02/2018 17:12 William Ong Bought very high .. need to avg up the price and hold for mid to long term :( 28/02/2018 20:22 Jasper Coo wah, suddenly fly because of no road block today. Profit everyday thanksss 19/09/2018 11:44  |
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