bro tokti, u cut loss your iwcity?

i voted yes leh, botak donasi pls kasih i 1.50 lah

they are collecting cheaply, waiting for next QR result to push?... but in May right? sigh

question should be who is buying and collecting... something brewing, next QR result will be bery gooding

go up steadily

hahaha got 1 buy queue at 1.27

guys dont happy yet, have to see how the show later

so today can close above 1 or not

steady stepping up look good today

0.935 then 0.945 then 0.955 then 0.965 then 0.975

so tomorrow see show, scary friday

post here for those dont want to click on link

PETALING JAYA: BDO Capital Consultants Sdn Bhd, the independent adviser to Iskandar Waterfront City Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

’s (IWC) minority shareholders, has advised them to accept the takeover offer from Ekovest Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

at RM1.50 per share.

Last December, Ekovest said it has proposed to undertake a conditional voluntary general offer to acquire all the offer shares in IWC at RM1.50 per share. The consideration of the offer shares will be satisfied via cash or share exchange options.

In a circular to minority shareholders filed with Bursa Malaysia Thursday, BDO had advised and recommended that shareholders to accept the offer.

“Based on our evaluation, we are of the opinion that the cash option is not fair but reasonable whilst the share exchange option is fair and reasonable to the holders,” BDO said in the circular.

The independent adviser said the share exchange option was more favourable due to the exchange ratio of more than one ranging from 1.26 to 1.33.

An exchanging ratio of more than one indicates that the holders are effectively receiving Ekovest shares which are higher in terms of a fair value than IWC shares to be surrendered, BDO said.

“The IWC shares have not traded above the offer price for the past three years prior to the March 15, 2018 (LPD), except during the Iskandar Waterfront Holdings Sdn Bhd (IWH) proposed merger scheme period,

“Additionally, the offer price represents a premium of approximately 7 sen, or 4.9% over the closing price of IWC shares as at LPD,” BDO said.

It noted that the average daily volume traded of Ekovest shares as a percentage over free float of about 43.72% for the past 12 months is higher than the average daily volume traded of IWC shares for the same period of about 13.79%.

TAGS / KEYWORDS:
Corporate News , IWC , Ekovest


Read more at https://www.thestar.com.my/business/business-news/2018/03/22/iwc-minority-shareholders-urged-to-accept-takeover-offer/#IyAGyZEvRZ388VMG.99

4pm price jump off the clift

i hold 1 year plus dy... thought rooster year TS let me huat huat

that one sold, this one bought TAN SRI DATUK SERI LIM KENG CHENG

this one, MR KHOO NANG SENG @ KHOO NAM SENG

klci so green yet ekov still lag

sigh see wrongly... only 1.7m slow poke

tokti got insider within insider :D

looks like today not going to hit 1.00

almost 5.5m shares traded yet the price still fark

the letter quite thick with many pages... i already received it

hope afternoon bulls run

tokti sifu so positive today

只欠东风。。。

bargain buy now

market is bad, everyone adopt wait n see due to GE

just received slow mail, so many pages, go egm eat free meal and go listen speeches

hope by this friday price can push a bit upward...sigh

egm is on 29th march

[Ninelotus 房产呆滞放缓。但是土地依然不断升值加上公司持有的的地段都很有价值。这股票在2016若你投资它是属于一只大黑马。它的爆发也是在2016年。在2014年right issue是一个转折点。2年后看到成绩股价起飞。一时一机一运。懂得摆陀行驶的人绝对有他对方向感的熟悉。呵呵个人分享。
16/03/2018 22:18]

谢谢分享。。。 只要掌握对的时机对我来说它是有潜质的价值。。。有危就有机。。。最终它不会亏损

someone or some institution has collected much needed shares cheaply...
ekovest itself better to takeover both IWC and IWH to become bigger and to be the master developer for BM

Signs point to Malaysia's Parliament being dissolved between Mar 28 to 30

hmm egm fall on 29mar
such coincidence??? hmm

15m vol closed @ 1.00 not bad today

dont b sad lar tokti... not yet 29march... we all wait n see today got show or another boring day

ISKANDAR Waterfront City Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

is pushing upwards on growing momentum, having crossed the uppermost 200-day simple moving average (SMA) on Monday and edging higher in Tuesday's intra-day trade.

The 200-day SMA had been intact since July 2017 when the downward pressure on the share price saw negative crossings between the short-term and long-term SMAs.

Taking the immediate term on the daily price chart, the counter made some upwards movement in early December 2017 but resumed a bearish trajectory on Jan 3 this year.

However, the strong push on Monday, preceded by a gap up at the opening bell, aims to reclaim any lost ground since the beginning of the year.

Looking at the technical, the indicators have risen to reflect a growing uptrend.

The slow-stochastic momentum index has moved up from the oversold line to above 70-points, reflecting strength in the growing trend. There remains plenty of room to grow as the indicator remains healthy under the overbought line.

The 14-day relative strength index shows a growing bull trend and has also spiked up past 70 points.

Meanwhile the daily moving average convergence/divergence histogram is flirting with a positive crossing of the zero line, helping to confirm a sustained growth trajectory.

Moving ahead on positive momentum, the counter will meet the immediate resistance at RM1.46, the recent peak achieved by the counter on Feb 3.

A further push would see the stock challenge the RM1.48 mark, taking it to the high achieved on Oct 16, 2017.

A pullback however, would see the share price perform a negative crossing of the 50-day SMA and hit a support level at RM1.36.

Below that, the 21- and 100-day SMAs serve as further support at RM1.34, although the stock may gravitate towards closing Monday's upside gap at RM1.32.

The comments above do not represent a recommendation to buy or sell.
Read more at https://www.thestar.com.my/business/business-news/2018/03/14/iskandar-waterfront-city/#bvEipT2A4PuSReLw.99

i'm minority i want undi yes

PETALING JAYA: At the heart of Tan Sri Lim Kang Hoo's proposed reorganisation plan is the question of valuation on 1,000-plus acres in Johor.

According to the circular to the shareholder, the land has a potential market value of RM3.6bil or RM84.49 per square feet (psf), for which Ekovest Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

shareholders will be able to acquire at almost 25% of its price.

Based on the share swap or cash offer of RM1.50 per Iskandar Waterfront City Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

(IW City) share, Ekovest will pay about RM1.24bil or RM28.81psf.

Lim, who holds 38% of IW City is not part of the deal, which is to facilitate the eventual listing of Iskander Waterfront Holdings Bhd.

The minority shareholders of Ekovest will decide on the proposed transaction by the end of this month in a meeting where Lim and parties acting in concert that control just over 50% of Ekovest cannot vote.

The voting will boil down to institutional shareholders that have bought into Ekovest, now a construction, highway and property developer of prime urban land with easy access to the DUKE Highways.

At the moment, Ekovest has assets that generate cash-flow, six ongoing property projects in the Klang Valley with a gross development value of RM7bil and 39 acres of land on the fringe of the city for future development. The River of Life project will continue to be a means for it to get more land in the city around the Klang River.

The toll road division has a strong shareholder in the Employees Provident Fund (EPF).

So why would the minorities agree to a deal to buy 1,000 acres of waterfront land in the the Tebrau area in Johor?

At the moment, IW City, which has positioned itself as a master developer, is cheap if one looks at the potential development value it can generate. But at the same time, many property counters are also cheap because the sector is not the flavour of the month.

The promoters of the deal are also saying that Ekovest shareholders will get to enjoy the upside benefit from the development of 127.92 acres spearheaded by the Greenland group and any future land acquisition by the state and also private developers.

Greenland sealed the deal with IW City to acquire the land in 2015 for RM2.37bil. So far one payment has been done and the remaining is to be paid in instalments. According to IW City’s announcements, one instalment of RM46.3mil is due this month and another next month.

It is a long-term project entailing a development that will go on well beyond 2020. IW City is to be paid for the land in instalments.

In the meantime the minorities of Ekovest have to decide if they can do without IW City.

The institutional funds led by the EPF, which has almost 6.5% in Ekovest, hold in total more than 18% of the contractor and toll road operator. Apart from the EPF, the other notable institutional shareholders are AIA Bhd, Kumpulan Wang Amanah Pencen and Public Mutual and Prudential.

Convincing these institutional shareholders is the key for Lim to re-organise his companies and see the eventual listing of IWH.
Read more at https://www.thestar.com.my/business/business-news/2018/03/16/minorities-of-ekovest-hold-key-to-reorganisation-plan/#WXjt1lHLW7poCtqJ.99

[Striker90 前奏
16/03/2018 14:21]

big big coming wangwang come

https://www.thestar.com.my/business/business-news/2018/03/16/minorities-of-ekovest-hold-key-to-reorganisation-plan/

will limit up or not... give us fireworks

bottom feeding for so long by those institutional investor...

11m coming

10m

9.6m now must hold on and push upward... C+ got dy come on push

almost 9m... minum milo tambah susu satu

ikan bilis stop selling now let botak push higher

8m now

7m now... go go go limit up

go go go ekov... give me the chancce to kiss botak

yes 6m now