Spreading rumours again mr syndicate . Are Chesseburger and eht your duplicate accounts ? Don't you don't know that what you said Just now constitute potential material information and you can be be serious trouble for that not that I believe you. Seasoned criminals like you always use false rumours to pump stocks anyway . Stay tuned for a bursa investigation
Hardcore criminals don't change and its in your best interest to take your activities elsewhere

Someone has disposed a lot in view of the poor results recently . Look at Hunza. Profit dropped as well. Share price did not react after annoucement but it has started to crack now

Pumped up for poeple to dispose and run . Classic case. Sometimes buy and sell have the same number of bids meaning that one person was selling to another account of the same person .

What they are doing is bordering on unethical if not outright illegal.

It is contaminated by the presence of syndicates who are just here to push up share price with the same unconstrucive statements Everyday .Fatty tang has also warned crawler against that but he persisted .

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I shall say whatever I please .what do u expect ?You are just a criminal that is just hell
Bent on duping people to buy a com that suffered a drastic drop in profit

You have admitted that you are a criminal syndicate . Saying why this stock cannot goreng . Criminals like you should not only leave this forum but you should have no place in the civilized world as well

You are nothing more than an illegal syndicate and not all forums are comfortable with being used as a conduit for illegal activities

I've lost count of the no of times you said news coming .you don't sound like an investor at all. Don't be a hypocrite . Ignore fatty tang warning at your own peril

Nobody who knows upcoming news are stupid enough to release it publicly . It is illegal

Excuse me I don't have such a pathetic company . There you go . You have finally admitted that you are a syndicate and criminal . Dont you know that goreng or manipulating shares is illegal ?Upcoming news ? Unsubstantiated rumours again? This is not a forum for syndicate to goreng shares and cheat poeple using the notion of upcoming news which may or may not exist

Or Better still wait for bursa investigation . Some analysts have expressed concerns over the discrepancies between income and cash flow ( always negative )

There you go again unsubstantiated rumours sydincate style.. this Is a Company that made only 2 mil last quarter 40 percent down.

Wait for the next research report . profit dropped almost 40 percent in the latest quarter

The drop in profit is a fact and your pwc rocks Etc are just rumors and stop trying to pump up stocks with these false rumours

Not only profit dropped 40 percent year on year. The company also has a lot of liabilities hidden in special purpose vehicles to avoid them appearing on the balance sheet . Looks like One more attempt to pump up the stock and run

Be my guest if u wanna go into a sinking ship. Investment bankers are the most brutally realistic people around . Today they may call you boss of may not even blink at u tomorrow if your company failed to perform . Research report are only valid for as long as profit expectations are met and ivory has not

Be careful the rhb report was issued before the result annoucement 3 days ago . These reports are not permanent . No company is a religious dirty and research reports can change very quickly unless the banks want to lose credibility .

Profit
1q 13 2.5 mil
1q 12. 4.1 mil

Change : -40 percemt

Wait for the next report

Or no longer have to care about ridiculing yourself to be exact

Really ? I guess you are completely worthless then . That's why you don't care about how you ridiculed yourself with the same buy buy cheap statements . That a the only thing you are capable of anyway

There u go again syndicate scumbag . people are never too free when it comes eliminating the scourge of a serial conman which doesn't even know what kind of staments sound cheap

It is one of the very rare developers that is net cash. The only other one that I know is Tambun. However, Negeri Sembilan property market is somehow overlooked and many investors may not find it as interesting as Klang Valley, Penang and Iskandar yet.

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What to do ? There are syndicate conman and criminals here . Cheated people of god knows how much money by duping people to buy with the same statements all the time

Rubbish syndicate criminal crawler . God knows how many lives you have destroyed with your cheap stunts . Go back to where you belong and don't come back here with another alias

Well said messi crawler is part of a syndicated gambling triad who exploits the ignorant poor investors . Fundamentals is everything about figures . Ivory is a strong sell . What crawler is doing is classic pump and dump he tries to create rumors to pump up the price so he can sell . He is doing that now . Technically the stock failed to breach 80 sen and moving average is at least one week low. Don't be at the receiving end of Someone's toilet paper

Iafx : ivory is cheap because its share price is 75 cents while Tambun and Hunza is expensive coz they are worth 1.40 and 2.30 . Since when does market value come from nominal value ?

Crawler it is your money but u keep on soliciting buyer here . It's a different issue . It is who that swore at me first . I have the right to express criticism on the share and that does not constitute swearing . If you just want to hear people worshipping ivory , I suggest you set up a cult where poeple pray for the company everyday . You can then ignore all the figures as if it never happened

Ivory is indeed an expensive sore thumb that stands out among its peer. Profit dropping all the time and yet a bunch wants of fools still try to justify a premium. Have some dignity . Old machines that produce lesser and lesser can only sell at a discount

Dishonest rumor mill . Liquidate

You are a shameless conman no more no less . You may be uneducated but do not assume that all the investors are . Look at your English

Excuse me I know more people than you think I had worked in an investment bank before . I've studied under professors that appear in bloomberg before . Don't try to lecture me on what you know . You know nothing other than conning poeple to buy a worthless stock. don't waste people time here. Go back to your wet market and be a good cleaner

You are better off being a cleaner crawler. How many times do you think get away from lying? The way you talk sounds more like a cheerleader in school. Value investors dont have to ask people to buy a few times in a day . These things only happen to vendors in wet market. Value investors talk about hard facts. The results have nothing to do with PWC. In fact, I dont think Ivory even has the land title for PWC. If you look at the balance sheet, land held is only worth 58 mil. It looks as ifDijaya is holding the land title for PWC.

Cheeseburger and crawler I hope your dogs don't eat you alive tomorrow

You were the one that asked me to shut up first . Don't be a hypocrite.

skyland shut the fuck up. Forums are for people from both sides to express their views. You dont own this forum and it is not for you to pursue your personal agenda

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Of course. Japan's rally is way overblown.Deflating the currecncy has failed to solve their trade deficit problem. Japan never had a trade deficit for 50 years before they started having it sometime last year. The can always blame the strong yen but now that the yen is 25 percent off its peak what else do they want to blame? The deficit got larger recently in fact. The government is a serious predicament. Debt is 250% of GDP.

crawler, What's the logic of the recent rally then? It is the only developer that Made a QUARTERLY loss in the last quarter. I am talking about correction for Ivory only. The recent rally is not justified by any means. You are nothing more than a bloody fool who thinks that you knows nothing better than spreading rumours to push up share price. What do you mean by value investing? Show me some tangible value in the company not newspaper article that claims it is going to make bla bla. Talk is cheap. What value is there in a developer that made a quarterly loss in a booming market? What value is there to a developer that owes as much as it is worth? What value is there in a developer that made ZERO PROFIT FROM OPERATIONS last year in a booming market. Finally , what value is there in a developer that only knows how to talk big. It boasted that it will make more than 50 mil last year in the IPO roadshow. It managed only 20 mil NON CASH profit.

If Ivory cannot make money from its operations in a booming market, no one knows what will happen when then property bubble bursts.

major correction is coming. This is the one of the very few major developers that made a loss last quarter. Price will plummet

Constructive criticisms is different from opposition. I have never explicitly asked anyone not to buy. Ivory now has a higher P/E than Dijaya( a defacto parent company). This is certainly not a norm and it will converge at some point

The gap in market cap between tambun and hunza is now a mere 10 million anyway. It can go either way anytime. Hunza cannot rely on Gurney Paragon alone. Their phase 1 food and Beverage mall is finding it hard to compete with their Singaporean big boys next door. Rentals in fact have been reduced to compete with them.

The only other notalble landbank they have is Bukit Jambul in the south. It has been left idle for 3 years due to thier inability to evict squatters(a very senstive issue). The land is promising but the holding cost has alreaady been substansial.

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It is rare for developers to dispose land. Land generates higher returns when it is developed.Furthermore, selling land in bayan mutiara may even contravene the agreement signed between them and PDC.

Property prices might still be holding steady in the high end market but transations are going down in this segment according to the latest stats. Banks are paring down their exposure to housing loans. The future may not be as rosy as they think especially for a highly leveraged developer.

Another issue that concerns me is that they have started SELLING LAND in smaller parcels in bayan mutiara. The company has always claimed that they have been such a genius in acquring such a promising land. Furthermore, their main partner in that project DIJAYA is also looking for buyers in a land close to KLCC as well. Disposal of land by developers is usually not seen in a positive light.

well said kchongnz. I cant believe how vain some of these people are. Technically I am surprised if the stock is not overbought. But FUNDAMENTALLY, the stock has rallied if you look at it from a ex rights perspective. Market cap has almost doubled from IPO when there has been no increase in earnings to show for. The company was forecasted to make 50 - 60 mil last year. It achieved 30 mil in non cash profit. According to the AMresearch report pre IPO that gave them 1.50, it is made on the assumption that there is no rights issue and no extra shares to dilute the com. Since the rights issue was 1 to 1. You have to use the oringinal share capital to value it based on the report. Rm1.50/2= Rm0.75. Target price achieved despite failing to meet earnings target.

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