Better exercise some caution. There is an anomaly between what aec claimed that and what some of their contractors claimed. Contractors claimed that their payments are delayed and they have been offered shares in lieu of payment and they are not agreeable to that apprarently.

Rental income from Gurney Paragon may be substansial. However, lets hope their singaporean big boys next door do not play the "predatory pricing" game with them, a very common strategy in Singapore and Hong Kong retail market. Not sure when they are going to kickstart the Bukit Jambul project. That site had been idle for years and is probably a more important earnings driver.

Thank you sir . No authority questioned Enron until they can no longer hide spv losses and reported a huge loss .

When it comes to Benalec, gearing is a lot better than Ivory. There is no question as to whether they can service their debt or not. However, their GP (gross profit) margin has decreased. Many analysts questioned their insane margins (more than 50%) during their IPO but looks like they have trouble maintainig it now. The company is still in good shape financially but a huge increase in receivables couples with the lower GP margin indicates that they have some not so good paymasters among their clients.

There is no accounting oversight board in malaysia. An accouting oversight board was only established in the US after the Enron fiasco in the form of Sarbox or Sarbanes Oxley. Well you are most entitled to buy as many Ivory shares as you want. However, if you were to wait until something is formally questioned, you may not have enough time to escape the stampede. Fund mangers have started questioning .Ive worked in this industry before and there are fund mangers looking at this forum. I cannot name who.

Come on today vol is province year high . Share surged at open but down at class ? It clearly showed there are substansial disposal by people who don't believe in the com

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Lost the biggest Penang based developer market cap title to Tambun again

To a certain extent only. Companies can still legally hide a lot of debts in SPV that is not reflected in the balance sheet. That's why SPV is always called off balance sheet items

There are people who shot themselves in the foot without realizing it but at least you get I know the real calibre of the people running the company

Absoultely right. Why would they inject shopping malls into SPV if they are doing so well? Pavilion in fact was developed under the boss own company and was never injected into Malton or any SPV that Malton is the ultimate gurantor

aec166 Can you share how much debt is carried on your SPV?

That is what I have suspected all along. Some of their debts are injected into Special purpose vehicles(SPV). Debts in SPV do not show up in the company's balance sheet. However, Ivory is ultimately responsible for the debts of the SPV . Enron did the same thing before its collpase. It was able to hide the debts of the SPV for some time before it became untenable for the company. Same thing for Lehmann Brothers.

Haha. lets me how this company maintain its impressive track record of talking big. Penang Times Square was one of the biggest projects on the island at that time but big talk delivered small returns with so many vacant lots. 2 mil profit a quarter from mega projects? You must be kidding. Big projects do not necessarily translate into profits. Look at KNM. 3 bil quarter book . The market ignored their poor results initially in view of their big order book but after the while the shares still fell off a cliff

I dont have to bad mouth Ivory. When your criminal pyramid scheme finally collapses, people will be asking for your head let alone badmouthing you.

ohh crawler syndicate. Ivory cannot afford to hire me. I am sure none of the staff there have a level of english proficiency that even comes close to me . They only hire people like you.You were hired to goreng the share price so that some people can exit.care to share what is the boss target ? I trade deritavies something which I am not sure whether you have enough analytical skills to even grasp. My boss is a lot richer than the Ivory boss anyway.

Mr crawler and his co are just looking for innocent victims to pump up the shares of this company that barely made any money. Dont fall prey to that

You used to cheer Ivory(2 mil company) everyday always a few minutes after Crawler or together with Crawler. It clearly shows how smart you are .

28622862 so treating ivory like god everyday does not constitute noise and negative comment does ? Since when is this an ivory fan club?

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Of course investing in shares is very different to buying peanuts and poeple shoud be wary of unsubsiated buy calls. It usually involves a substansial amount of people's savings if not people's livelihood.

If you look at their posts carefully. They are short and are only limited to the same phrases. Buy at own risk , news coming. I am merely pointing out their true intentions and my views are always substianted , theirs are not and they are not capable of doing so anyway

Isnt there something wrong with the perception of someone that kept posting the same "strong buy", news coming" statement everyday and still does not realize how stupid they look. They dont even constitute a post more like a plea to beg people to buy.

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By the way. I am a derivatives trader. I also trade volatility options overseas. Both Volatilty and my call options are going through the roof and deep in the money. It is not a good signal for global markets at the moment. It is a strong sell. High volatility historically is usually followed by a huge drop especially for stocks with shaky fundamentals.

Haha it will be lucky if it doesnt test 50 sen by then if profitablity stays at 2 mil a quarter. Most analysts are exepcting a lot more.

Do I not have the right to post despite not owning shares of this company. Crawler, you have an unhealthy compulsion with Ivory. Everything you said about a company that failed to perform financially in a bull market is too good be to true. Your daily monotonous postive statements(strong buy etc) that eventually fit the same pattern showed people you have your own agendas in revering Ivory like god. You seem to very defensive when constructive criticism is leveled.

In this realistic world, nobody will revere a company like you let alone a company that made a mere 2 million last quarter and owes 300 million (almost similar to what is worth).

Never did . Why should I when there are so many other property counters that have delivered to choose from. Huayang, Matrix, IJM Land, Tambun etc.Most of the devopers managed to perform better in the last year thanks to the bull market but Ivory is the reverse(profit dropped) and therefore stands out from the rest. Unfortunantely, Penang economy is very exposed to any global economic slowdown due to its huge exposure to Electronics MNC, even more than KL. Global slowdown has started.

Price doubled in two years? You are joking. I will believe you if its Indonesia or the Philipines. Malaysia had been overlooked for some time now. BLR in Malaysia is not low. Singapore is 1 over percent. If you at statistics, property prices has not dropped but the number of transaction has dropped. The same thing is happening in Singapore. A company that owes 300 million and makes only 2 million a quarter in a bull market better pray that the market does not go south as it can barely afford it

Oh finally an admission about the real status of the much hyped World city from a company's representative. How should I explain this. You see sir When the property market goes south, shares of property developers will plummet. Those that are highly geared and made the least profit(for example 2 mil a quarter) vis a vis market cap) will fall off a cliff as investors will question the solvency of the company especially their ability to service loans. This will naturally lead to a chain reaction. Banks may review their loan facility. Buyers may choose to cancal purchase when they have no confidence that the company can complete the project on time. Property market going south will definently have a profound impact. In malaysia , the ratio of salary to property price is one the highest in the world now( a clear warning that a bubble may burst based on historical trends)

As of today, no approval had been given to World City yet.

Haha. Monies on lawyer hand is called stakeholder which is not an official sale yet. You cannot formally recognize a single cent of sale until planning approval is given and agreement is signed. Until then you dont know how many people may just decide not to proceed with the sale if the property market slumps.

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The most unproductive waste here is Ivory, Mr imbecile. Try selling toilet papers at a premium. The syndicates have done a very good job indeed. A company whose profit is a long shot away from its IPO high of >10 mil.

for now mr cheeseburger lets me how much more cheese it can take before it implodes.

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Impressive syndicated charade for a company that made only 2 mil last quarter, down 40% yoy and lowest among Penang based devlopers. which also gives it a forward p/e of 30 if the figure is maintained for the rest of the year. Lets me how long this charade can go on.

go and set up an Ivory cult or something somewhere where people pray in front of your revered CEO face. The company can never go wrong. Poor results? There is always next quarter , next year.

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Excuse me. You are the one soliciting buyers for Ivory here for your personal agenda of manipulation. Share price going up via goreng in the short term is no indication of a company's future performance, dimwit(you still apparently dont know that till this day). Quarterly results speaks loudest in the longer terms

Dont waste time on this company. High gearing and made a mere 2 mil last quarter and has also been squandering money to goreng shares on syndicates like crawler

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Watch out syndicate crawler is mutating

crawler Ivory is not doing well at all. I have no reason to be jealous and no one has either. It makes 2 milion last quarter 40% down. All other developers profit went up last quarter. Ivory is an exception. Jealous of what? I wish to reiterate that Ivory HAS PERFORMED POORLY. PROFIT 2 MIL LAST QUARTER DOWN 40%. No one will even blink at this company except sydicates like you helping insiders to dipose at the expense of naive investors

Heat King cralwer duplicate. You are the one that act like a moron. Newly created account just for this forum. As if people dont know what you are trying to do.

Lainkalilah . You back off. You have no business condoning the activities of syndicates like crawler here unless you have a stake in it

Mars Asas is quite overlooked . It has plenty of landbank quite close to he second bridge still not revalued . The problem is management is the 2nd generation who is perceived as not agreesive enough and as a result not making the profit that it should . The company revalued nav is at least 70 percent higher than the share price but they may have to get outsiders to manage to realize its full potential

Pillay are you just too naive to believe that all strangers will give you a free lunch for nothing. If you want to recommend a share , use concrete analysis not the same childish mundane statements like news coming . Bad hats criminal syndicates like crawler and his duplicate accounts are doing that and it is completely appalling. They are insulting my intelligence . The high vol on fri indicated that whoever the wanted to dispose has done so. A company with such a pathetic result will not go up if they are no syndicated play . Everyone knows that and all so called upcoming news are just rumours .

Sell what ? I don't sell false rumours to cheat poeple unlike you . Who else will believe you anyway . There are many people like you claiming that they know insider info etc and people have seen enough. You think you can fool me as if I don't know how criminal syndicates work. You buy and sell using two different acc at the same time. Classic case yesterday . Buy and sell have the same vol sometimes . One person is doing both the buying and selling just different accounts

By the way a stock that is artificially pumped up by criminal syndicates is nothing to shout about . All charades and pyramid schemes untavel in an ugly fashion