I didn't I made a lot more from u by buying Tambun and sbc . Ur 10 percent paper gain after a few months is no big deal

U r the one dominanting the forum with your reverence of ivory at a level skin to how North Koreans worship Kim jong un. If u have u been stupid enough to buy in at a rm 1 then u should wonder why analysts have covered all the property counters with exposure to penang lately except ivory

Be careful of this counter. Their advisor is a notorious firm with an extremely bad reputation among fund managers.

Icon I don't even know Ivory boss and has never met him personally. You have been promoting and revering Ivory as if you have your own agenda.This company certainly has serious management isssues. Penang World city project appears in Tropicana advertisement more often nowadays. Constructive criticism is different from badmouthing. maybe u can get some crumbs from the Ivory boss during liquidation. If Ivory can go up to RM1. Tambun will go up to RM5 with the same P/E

Beneficiary ? They don't even have full control over aspen and there is no definite timetable . It's just syndicated play. If not share price would have moved long time ago .look at the high vol it needed for the share to move up by 3 sen

Sell now before u miss the life boat this is your ticket out of jail

P/E 19 is good financials? who taught u that?

We have finally undiscovered icon 888 real job. He probably bought Ivory and at more than RM1.Pizza hut delievery man How many more companies in Bursa that are still undiscovered. I can give you more than 100 that has a share price of 40 sen or less and never been covered by analysts and you probably never even heard of. Those also constitute undiscovered mah. Are you going to put your money where your mouth is and invest in these companies. Ivory is very active in PR. it is far from undiscovered. It has paid The Edge a few times to write about them. Tambun got less coverage in The Edge than Ivory. Ivory is far from undiscovered, it is just not that far from being uncovered (poor management is just the tip of the iceberg). Thank you and don't stress yourself too much. Pizza crust get hard when it gets cold

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Eh what qualifications do u have ? I have a finance degrees from business schools that u don't even have a hope of getting in . Ivory is famous enough. Companies that have a low nominal share price 64 sen does not mean it is cheap and undiscovered. Ivory has a huge share capital and it's market cap is expensive relative to earnings. Don't talk to me about investing when you don't even know basic Valuation . So u might as well tell me all the companies with a share price of 30 sen is cheap because they are undiscovered. If a company can perform it will receive due recognition if it doesn't no amount of investor relations work will matter

Ngsbb Ivory cheap? do u know anything about valuation ? How can u compare ivory with Tambun ? Ivory earnings is prob a quarter of Tambun at best . P/e is 21 vs Tambun 11. Ivory is expensive . Share price at 50 sen doesn't mean cheap . Please go and learn more about market cap

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Rhb didn't say anything about ivory and I have convinced that analyst kok wen that it's a crap pyramid scheme . The boss is just using this opportunity to goreng and exit

I will be cautious about him . He apparently keeps the most profitable projects for himself

Desmond lim doesn't have a history of consistent deliveries for shareholders. Pavilion is not even in Malton for starters and one Hong Kong fund manager told me that he has his own land bank in China

2.50 will make ti a billion dollar company and that will attract the influx of more institutonal investors. Ti can do with more local funds . The biggest institutonal shareholder now is Norges bank which is the Norway sovereign wealth fund

Nadayu is neither a director or involved in management . In fact they got the shares as a result of a land disposal to Tambun .Their cash out is not surprising given that the company is badly managed and in I need of cash

Management has indicated that they want to do a private placement

Yes icon wants to be Katak who immersed himself in water that gets hotter and hotter . Warm water feels good initially but the frog will be helplessly trapped when the temperature reaches boiling point

Grow up . Don't cry when it becomes your stepson eventually. So many developers have performed so well and what's so speacial about this company ?

Don't Waste time on this stock . Just one of the many failed attempted goreng

You are going to lend them money for the pudu land ? Have you seen the gearing of the company ? It will just lead them to financial ruin faster

You can write ten pages and this stock will still languish . You can pay analysts to write but they will think twice before ruining their reputation

Don't waste time promoting this company . All indications that their high end mega project will not do well . Sp setia latest result already shows that. Mah sing will be next

Unlikely it is much closer to the existing bridge than the second bridge

60 sen is merely a fair value for the company considering the latest performance. It is not spectacular by any means. Even if the company can make 20 mil a year if they continue on this so called turnaround it will give the company a p/ e of 14 which is still quite pricey compared to some of it's more consistent peers. Until there is some consistent track record , it is a one off performance which is still very low compared to Tambun. This is what the market thinks and that's why share price is not going up. It is fully valued despite the latest quarterly profit.

Show proof that you are not ah hot dog propaganda manager u might as well say that it's going to make 100 mil next quarter

Or banks cancel their credit facility . Many banks have strict covenants that need to be adhered to such as max gearing. Once facility is cancelled all amounts due are payable immediately on demand. Their operational profit this quarter will be low it's a matter of whether they can find any more one off gains such as revaluation or disposal to fool people again

There are no fresh developments in this company. There are other property stocks with much better value than this one unless you keep praying that hot dog will goring it one day. He has been trying to for quite some time but failed.

Cannot perform in a hot property market then how to perform in a market that will be subjected to plenty to cooling measures later ? An idiot should be able to figure that out

I work in the fund management industry much more lucrative than working for ah hock (hot) dog . He can never pay me enough

Only Tambun is on the fund managers and analysts radar as far as Penang based developers are concerned unfortunately

Chua good luck being ah hocks dog except that you will be barking to yourself when the day of reckoning comes

That is crap.It is oversupplied rice miller had just been abandoned . The signs are obvious

The consensus is that high end property has peaked out and this company has huge exposure to high end condos in Penang World city, the most oversupply property segment in Malaysia

Deep down inside you just refused to believe that it is an insolvent company but you know it

It is already on its way and there is no turning back

Haha looks like you should join the ivory religious cult . You still think highly of this company despite indications pointing otherwise . Pray for the boss everyday who knows the boss may give you a 10 plus 5 plus 5 new year Angpow

It is ill equipped to ride out the storm with borrowings of 400 mil . Any prolonged crisis will create a liquidity crisis for them which may in turn put the solvency of the company into question

If a developer has to push sales by giving such steep discounts it clearly shows that sales are poor . Why bother buying ? It will drop to 40 sen and below eventually

Offering 15 percent discount across all properties during Cny such a steep discount across the board is unprecedented and unheard off

There is no catalyst for this stock. The bulk of their income now comes from rental in Gurney Paragon which is nothing exciting

analysts have long given up on this stock. They feel conned by management. The reputation of ZJ advisory whose services KNM relies on is also in tatters

They have land near Batam in Kedah, which is miles from Ikea

Buying interest or manipulation? If the latter is perceived to happen too many times, fund managers will lose interest in the stock and it will not go up in the long term

Pay dividends then people will believe it

You cant blame investors for not forgetting easily especially when they think that management had not been honest in the past. Fund managers and analysts put their reputation on the line when they make decisions like this. The best example is Sunway. It has a lot of legacy issues in the past and it is trading at a low P/E despite having turned around for many years. Analysts have never regained trust in the company. No one knows whether Ivory is capable of turning around yet and its small size does not bode well for investors confidence either

Like robbin65 said the company has shown questionable cost control ability. Analyts told me that the company has one of the lowest revenue per staff in the industry , an indication of bloated administration and low productivity

How are they going to raise funds for the project when gearing is so high? They said the same about Penang Times Square(A multi billion GDV flagship project) to investors few years back but they haven't realized any significant profit for the project in the last 2 years except revaluation gains. There was so much hype about the project when it launched 5 years ago and all it boasts is an empty mall and its already entering phase 3. Many fund managers have learned their lessons. The question is how do they end up from being the successful bidder for the project to being a minority stakeholder now ? They don't even have the authority to make major decisions for the Penang world city project as minority shareholder now

But KTT will still play a significant role behind the scenes. He just retired officially.