Ir SH shareholdings reduced from 255 millions (APR 2018) to 190 millions. That's a 6% reduction. Who's the new substantial shareholder?

support at 0.25..

wow, shorties die kaw kaw

bog at 0.09. sold at 0.105.. not bad.. buy at or below 0.09. sure win..wakaka

most likely fake news to enable major shareholders to sell at higher prices...avoid wakakaka

if today limit up it will be 1.27...all greedy dreaming...wakakaka

Most will be waiting for ekovest to gap up tomorrow and support the call not to sell but buy instead. Why? They need to sell them fast. Too stressful...wakaka

throw too early. will wait at 0.155. strong support there

buy iw better

sure both companies sure kena uma

sell on strength..what else

huat arrrrr

dangerous play. pushed up mother price to disposed off warrants. after two months goes down due to hugh dilutions...beware. play for shocks only. wont go down below 0.48.. wakakaka

new substantial shareholder joining? who?

buy for middle term...

I am holding, he is holding, she is holding, they are holding uncles and aunties holding... how come price no up? who is selling? wakakkakaka

wow, big big volumes..who is winning or leading the fight?

ib say to sell. how come still so strong at 11.5. shares already up from 0.09.
waiting at 0.10 to buy back and play play...small small wakakaka

All speculations.

Posted by InvestorKING > Apr 6, 2019 6:14 PM | Report Abuse

Chilting, do u have any supporting on your statement or where the sources u obtained? Tq

Happy weekend reading wakakakaka
http://www.lse.co.uk/ShareChat.asp?ShareTicker=ENQ

i supposed TM has veto power... normal. He is responsible for the decision

extension granted till 31.12.2019
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6118357

contract lama?

sell on news..beware

beware! heavy volume due on thursday

yup, I bought before the special dividend. my post in 2016:

Posted by sheep > Jun 27, 2016 10:17 AM | Report Abuse X

35 sen coming. Wakaka

If you check the history record, forumers like balvin71 , dompeilee, Markus S , theong etc already active in this forum few years back. I kept for long tern cos i believe BOD sold takaful for a good price and will reward minority shareholders who had so much faith in them for a good return.....wakakakaka

who is this linda77? only 10 posts so far. Dare not use his own original user name but created an account just to create havoc for those who want to ask for more.
Yes, RM1.40 I will accept. If go down back to 50 sen better still.
I kept the shares since 2016 and got total dividends of 53 sen / share since then..
wakakaka

Now is the time to get dissenting shareholders to ask their supporters to buy MAA shares before EGM, to be entitled, to 'against' the resolution...

Sell on news..Ne.how come price still up?


IRIS Corp in pursuit of acquisitions, partners
IRIS Corp Bhd, which expects to turn in its first annual profit in four years in its current financial year, is on the acquisition trail, looking for partners that will complement its core trusted identification (ID) business.

“We’re ready to throw away our ego and buy into businesses that are related and adjacent to our core business. The acquisitions must make sense and add value to the business,” president and group managing director Datuk Paul Poh Yang Hong tells The Edge.

“Today, we still say yes, we are very proud of what IRIS has developed internally but instead of producing 90% of our products in-house, we might reduce that figure to 40%. We can source the remaining 60% of the technologies from outside and assimilate them.

“For example, we used to manufacture biometric EMV payment cards. If we continue to do it on our own, we will be priced out of the market,” he says, adding, “We can also outsource manufacturing work like biometric card readers, which we still develop ourselves.”

IRIS was once touted as one of the most promising technology companies, having pioneered the world’s first electronic passport solution. However, it suffered a major blow when it lost a RM318.75 million home affairs ministry contract to rival Datasonic Group Bhd for the supply of MyKad and consumables in December 2015. This, say critics, prompted its push into environmentally friendly farming solutions, renewable energy (RE), industrialised building systems and education, which resulted in losses.

Since 2017, following a private placement that saw the entry of Poh and Datuk Rozabil Abdul Rahman — via their private vehicle Caprice Development Sdn Bhd — as new shareholders, IRIS has been divesting non-core assets, such as its education and RE divisions, and concentrating on bolstering its core business of trusted ID.

Poh, who assumed his current post in the company on June 14 last year, has since taken over Rozabil’s shares via Caprice, leaving the latter with a 4.275% direct stake in IRIS while Poh holds a 14.71% stake.

The divestment seems to have worked. Combined with writing off total debts of RM420 million in the last two financial years, it has resulted in the group turning in three profitable quarters in this financial year ending March 31, 2019 (FY2019).

For the cumulative nine months ended Dec 31, 2018, IRIS posted a net profit of RM18.04 million — reversing a net loss of RM54.98 million suffered a year ago — despite a 29.8% year-on-year decline in revenue to RM193.89 million.

Valued at RM415.28 million at last Thursday’s closing, IRIS shares have lost more than 76% of their value since 2014.

Poh says the group recognises that “much more work lies ahead. We need to win back the trust of the market but we are cautiously optimistic that we will return to the black in FY2019”.

The group’s gearing ratio stood at 53.93% as at end-FY2018, down from 63.02% the year before. Total borrowings stood at RM142.46 million as at Dec 31, 2018, while its cash and bank balances totalled RM41.14 million.

“We have strong shareholders, so I don’t think we will have any issue raising capital. The challenge is to find something interesting to buy,” says Poh.

Apart from Rozabil, who is also group CEO and president of Destini Bhd, other major shareholders include Berjaya Corp Bhd CEO Datuk Seri Robin Tan Yeong Ching with a 9.02% direct stake, and Felda Investment Corp Sdn Bhd, which had trimmed its stake in IRIS to 4.95% as at Feb 26.

According to IRIS group CEO Shaiful Zahrin Subhan, the divestiture of its non-core assets is 80% completed.

“We have disposed of the major non-core businesses that have been bleeding the company dry. There are a few non-core assets to dispose of, which we should be able to complete in the next couple of years. Having said that, there will be no fire sale of assets,” he says, adding that these assets include Plaman Resources Ltd, which is involved in mining activities in New Zealand.

“We are also actively discussing with the state governments to hand over Rimbunan Kaseh (farm management) projects around the country,” says Shaiful.

Poh says his and Shaiful’s immediate challenge is to get the group going again. “Moving forward, the team will need to focus on expanding the number of countries [in which we operate] and increasing sales so that the numbers will start coming in over the next couple of years.”

Shaiful says IRIS is looking to secure contracts in Africa, Asia and parts of America. Today, the group has a presence in 34 countries.

“Of course, we are keeping an eye on the local market as well, which currently makes up less than 10% of the group’s overall revenue — a ratio that we want to address given the opportunities,” he says.

According to an Oct 16, 2018, report by The Edge, IRIS was vying for an upcoming contract, valued at about RM300 million, from the government to supply raw MyKads to the

what's up?

buy on rumors...

can we ban the jokers in this forum? confusing,... talk 3 talk 4 talk till more than 90,000 comments. soon will be 100K comments. wakakaka

sell on news... wakakaka

cuming

IDSS, waiting for you to help me buy back...sold too early

if news of contract wins out... sure above 0.40 next month

first resistance is 0.365.. can break and mantain?

now everything is clear.. up or down based on sentiments... those with weak hearts will be or can be influenced by others..well done all

all wanna buy cheap by freighting others .... nice show coming....ken cheong

Sapura Energy returns to the black, net profit at RM500.42mil in 4Q19

Read more at https://www.thestar.com.my/business/business-news/2019/03/25/sapura-energy-returns-to-the-black-net-profit-at-rm500-42mil-in-4q19/#joG3oEAt2MxOvpzS.99

buy and keep..... down down please

sell on news

CEO resigned... pointing to the possibility that he is taking the blame for this coming 4th QR and full year result... If QR very good, why quit? wait for one more week..wakakaka
sell on strength.

QR should be known by insider by now, if price still red on monday means bad very bad. run or dont touch

should be out soon. BOD has till 29/03 to announce offer accept or not. Hence independent report should be out earlier for BOD to deliberate..unless ask for extension...biasa tu.

wow, deal completed on a super speed track.. next will be super sale durians to china.

GLC still selling. how to go up?

Maybe PH gomen should take note of such unfairness...

PM says GLC heads paid ‘obscenely high’, MoF to scale down execs’ salaries.

https://www.malaymail.com/news/malaysia/2019/03/19/saying-glc-heads-paid-obscenely-high-pm-says-mof-to-scale-down-execs-salari/1734148

Hopefully business newspapers report a New Headline:
Buyout at ‘obscenely low offer’, MoF will help negotiate to scale up offer price

wakakakaka just for fun....

Serious, RM1.40 I sell

OMGGGGGGGGGGGGGGGGGG....buy now?

RM726 mil vs RM335.6mil... so big difference?
The Edge must apologies for the mistakes or defend it by providing more details...

haha, going up...