Annoucements are expected to be made soon

http://www.biztradeshows.com/trade-events/petroleum-asia-expo.html

talking about hibiscus, there'll be a new SPAC ipo going to be issued in the market soon. you guys heard of Cliq Energy before?

jtpc2006, i reckon those are the dates of Petroleum Asia Expo that's gonna held in Kuching

16th, 17th & 18th of October.

up up up!

Good predictions guys!

anyone?

takes forever

PUBLIC ISSUE OF BETWEEN 200,000,000 AND UP TO 667,000,000 NEW ORDINARY SHARES OF RMO.01 EACH IN OUR COMPANY ("PUBLIC ISSUE SHARES"), TOGETHER WITH BETWEEN 200,000,000 AND UP TO 667,000,000 FREE DETACHABLE WARRANTS ("WARRANTS-A") ON THE BASIS OF 1 WARRANT·A FOR EVERY 1 PUBLIC ISSUE SHARE SUBSCRIBED, AT AN ISSUE PRICE OF RMO.75 PER PUBLIC ISSUE SHARE PAYABLE IN FULL UPON APPLICATION
COMPRISING:

- BETWEEN 190,000,000 AND UP TO 657,000,000 PUBLIC ISSUE SHARES TOGETHER
WITH BETWEEN 190,000,000 AND UP TO 657,000,000 WARRANTS·A ON THE BASIS OF 1
WARRANT·A FOR EVERY 1 PUBLIC ISSUE SHARE SUBSCRIBED BY WAY OF
PLACEMENT TO SELECTED INVESTORS;

- 10,000,000 PUBLIC ISSUE SHARES TOGETHER WITH 10,000,000 WARRANTS·A ON THE
BASIS OF 1 WARRANT·A FOR EVERY 1 PUBLIC ISSUE SHARE SUBSCRIBED
AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;

IN CONJUNCTION WITH OUR LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD

SPAC listed on the Main Market of Bursa Securities as a company with no operational track record.

The company intend to acquire assets that allow the company for the development and production of oil and gas from a field.

IPO Price: RM0.75

What do you think about this company? Is it going to be another Hibiscus? Worth giving a shot?

time for?

So Muslims who applied for Astro are bongok? Is that how you justify them?

Good buy with low premium

:)

email me azam.abdul@hotmail.com

3 headlines in a day but yet price don't move. sigh

Published: Tuesday July 31, 2012 MYT 9:12:00 AM
Gabungan AQRS opens below offer price


KUALA LUMPUR: Gabungan AQRS Bhd made its debut on the Main Board of Bursa Malaysia Securities on Tuesday at RM1.15, which was three sen below its offer price of RM1.18.

At 9.02am, it was trading at RM1.15. There were 4.50 million shares done.

The FBM KLCI was up 2.29 points to 1,635.27. Turnover was 23.57 million shares valued at RM17.91mil. There were 116 gainers, 33 losers and 82 counters unchanged.

Gabungan AQRS raised RM73.10mil from its listing exercise. The IPO involved the issuance of 62 million new shares at RM1.18 each.

Of the 62 million new shares, the 18 million new shares offered to the public were oversubscribed 0.51 times.

OSK Research had accorded a fair value of RM1.37 for the shares, based on 9.0 times FY20113 price-to-earnings ratio (PER).

It liked AQRS due to its decent orderbook strength, ambition to take its industrial building system to Sabah and Sarawak, as well as its potential to bag public-private partnership initiatives which would provide recurring earnings.

“With a target gross development value of RM1.44bil over the next few years, its property development business will propel earnings growth,” said OSK Research.

On Monday, Gabungan AQRS announced its unit, Gabungan Strategik Sdn Bhd, had secured a RM141mil contract from the Public Works Department (PWD). The turnkey contract involved upgrading roads in Negeri Sembilan.

ipo 1.18

oh no

:)

Sadly I don't have the holding power right now, thus can't afford to wait for another 2 to 3 years.

we'll see

So when to expect Iris to reach its target price?

So what is the TP before election?

What should I do? Hold, Buy or Sell?