I will queue buy at RM1.00, what about you ? How much you think it worths without bandar malaysia ? Base on ekovest's first day tarde fell about 0.3 i would guess iwctiy will fall about 0.60 at early trading, hit limit down. since iwcity has up about 2.5 since the merge saga, a 0.6 down is a moderate guess.
If confirmed bandar malaysia deal is dead, then the refer price for share swap 1.50'and before the merge saga at 1.00 is good refer point. Without bandar msia, i also doubt would Lim able to talk sultan johor to inject his lands into this company as he suggested in the merged announcement.
Chart | Stock Name | Last | Change | Volume |
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Created by Hiu Chee Keong | Jul 12, 2017
Created by Hiu Chee Keong | May 10, 2017
Created by Hiu Chee Keong | Jan 10, 2017
Yes, beside iwcity, is interesting to see how ekovest on monday. I will queue ekovest at 1.00 again. Last week just 0.01 away.
2017-05-07 13:27
http://www.theedgemarkets.com/article/uob-kay-hian-expects-iwcity-s-shares-plunge-bandar-malaysia-sale-termination
Without Bandar Malaysia, UOB still give IWCITY TP = RM5.10.
If possible, I will wait RM1.50, see can get or not.
2017-05-07 13:29
Followind, 5.10, interesting. I think 1.5 is reasonable as the share swap price at 1.50, but it needs to hit limit dowm three times first.
Last time b4 bandar malaysia was cancelled, one resaerch house valued it at 4.50, now without bandar malaysia, and the total land also reduce about 10% compare to their first announcement of the merge, now one valued it at 5.10, that's interesting. But i guess no at this uncertain time, hard to find buyer at above 2.20.
2017-05-07 13:49
Maybe lim will go in and buy his own shares ........hopefully .., then those get in at above 3 can get out.
2017-05-07 13:51
Followind, i see, after reading your link, the 5.10 is the total land market value the company holds, b4 given discount, and hasn't taken in the debt they owed.
2017-05-07 14:02
It's been implemented quite a long time ago by bursa that any counter can go max of one limit down/up a day
2017-05-07 14:17
Annetan, one only ? I thought twice. First hit, it stop trading for hours, then 2nd hit, it stop trading for that day. But i wonder, let say if the first queue buy trade already hit 50% down, it is consider hit one or hit two limit down.
But to prevent that, one can go in at early morning when the volumn is still low, and buy at high price. Even if just one lot done at high price, it will prevent the stock fall two limit down at once in morning session.
2017-05-07 14:46
according to the Edge pg 69, the sale of land to Greenland generates profits of $ 1.4 billion or $ 1.89 per share. according to same article, IWC has finally secured first payment......
2017-05-07 17:30
1.00 is impossible for 1st day because limit down still above 1.00. 2nd day is possible. Too uncertain on the deal. Better wait to see if really want to buy.
2017-05-07 18:05
uobkayhian want to sell all their iwcity sure tell you TP5.10 hahah...only sorchai will buy on Monday
2017-05-07 18:15
according to the Edge pg 69, the sale of land to Greenland generates profits of $ 1.4 billion or $ 1.89 per share. according to same article, IWC has finally secured first payment......announcement
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5420533
2017-05-07 19:25
Uob only said the land value at market price is 5.10 per-share, not TP. land value didn't take into consideration the debt the company owed. Like if you own an 1 million house at market price, didn't mean you worth 1million, could be taht you owe bank 900k, so you only net worth 100k.
2017-05-07 19:29
They planned every thing to perfection. Next week supposed to be very good week for them
Signed IWC /IWH agreement
signed supplement agreement with Greenland re $ 2.1 billion sale and first payments.
but Najib decides to cancel their Bandar Malaysia.
2017-05-07 19:36
I try queue just now, ithe system said bcos of limit down, 2.16 is the lowest i can queue. i guess it will hit 2.20 tomorrow morning session. probably will end at about 1.8 - 2.2 at first day. If you want to queue at below 1.5, have to wait for 2nd day. By wednesday, there might be some surprising news as china representatives are coming to discuss this with the government. Share holder might want to hold it until then, then only decide the next move.
2017-05-07 19:42
John Lu, 0.50 possible if the north korea fat boy fire missile at seoul or US warship. but who knows, both trump and fat boy are crazy :)
2017-05-07 20:41
Reported Najib was on his to Bandar Malaysia function thn was inform last minute d whole deal cancelled Who is in charge now actually??
2017-05-07 20:47
OrlandoOil, yes, that's weird, seems like even najid didnt know upfront,
2017-05-07 20:56
Arul Kanda(former 1MDB CEO) select 1.
Posted by Hiu Chee Keong > May 7, 2017 08:56 PM | Report Abuse
OrlandoOil, yes, that's weird, seems like even najid didnt know upfront,
2017-05-07 21:03
good observation
OrlandoOil > May 7, 2017 08:47 PM | Report Abuse
Reported Najib was on his to Bandar Malaysia function thn was inform last minute d whole deal cancelled Who is in charge now actually??
2017-05-07 21:08
A change of govn in GE 14 is good. Too many incapable people run our country badly.
2017-05-07 21:15
Corruption? Stupidity?
Posted by OrlandoOil > May 7, 2017 09:09 PM | Report Abuse
Najib is no 1 how come didn't know?
2017-05-07 21:16
I bought at 0.89 because I thought that's what it was worth. Never thought it would go above 1.00
2017-05-08 07:29
Malaysian Chinese go for win-win. But Communist China psychology different lah.
2017-05-08 07:31
Heard that land not suitable, in current state, for development. That's why China back out. Grossly underestimated development costs because of this. Seller forgot to inform.
2017-05-08 07:34
Wow, today monday 8.30pm, already 240k shares queue buy at limit down 2.16 price.
2017-05-08 08:41
limit down 2.16
expected to limit down again after lunch
and another limit down tomorrow morning.
TRIPLE LIMIT DOWN.
2017-05-08 09:22
pakatan_harapan2 share your views. Make sure you go out to vote. Important, suspect some strangers may be voting too.
IWCITY can spring back. Watch closely to grab some, then buy me a cup of good coffee! Good luck all!
2017-05-08 10:20
dont touch it, then no worry, no panic. Touching it can give you superb return?
2017-05-08 10:40
cheoky→ dont touch it, then no worry, no panic. Touching it can give you superb return?
08/05/2017 10:40
...........................
pussycats → can make money if get it at a bargain price la. ;-D
2017-05-08 11:49
Don't feel guilty la LA777 if u gain from it at a bargain price.
I sometimes lose & other people buy at my bargain price. I also don't feel angry about it. This stock market is not like human love relationship game. Playing stock market does not involve love, hate, angry, like, envy, & jealousy feelings lah. Stock market is just to make or lose money game.
2017-05-08 15:26
LA777
I was lucky to sold half of my holding on Ekovest at rm 1.44, and now waiting to re-enter again when it's P/E reach 12.
2017-05-07 13:07