Followind, 5.10, interesting. I think 1.5 is reasonable as the share swap price at 1.50, but it needs to hit limit dowm three times first. Last time b4 bandar malaysia was cancelled, one resaerch house valued it at 4.50, now without bandar malaysia, and the total land also reduce about 10% compare to their first announcement of the merge, now one valued it at 5.10, that's interesting. But i guess no at this uncertain time, hard to find buyer at above 2.20.
Followind, i see, after reading your link, the 5.10 is the total land market value the company holds, b4 given discount, and hasn't taken in the debt they owed.
Annetan, one only ? I thought twice. First hit, it stop trading for hours, then 2nd hit, it stop trading for that day. But i wonder, let say if the first queue buy trade already hit 50% down, it is consider hit one or hit two limit down. But to prevent that, one can go in at early morning when the volumn is still low, and buy at high price. Even if just one lot done at high price, it will prevent the stock fall two limit down at once in morning session.
according to the Edge pg 69, the sale of land to Greenland generates profits of $ 1.4 billion or $ 1.89 per share. according to same article, IWC has finally secured first payment......
1.00 is impossible for 1st day because limit down still above 1.00. 2nd day is possible. Too uncertain on the deal. Better wait to see if really want to buy.
according to the Edge pg 69, the sale of land to Greenland generates profits of $ 1.4 billion or $ 1.89 per share. according to same article, IWC has finally secured first payment......announcement
Uob only said the land value at market price is 5.10 per-share, not TP. land value didn't take into consideration the debt the company owed. Like if you own an 1 million house at market price, didn't mean you worth 1million, could be taht you owe bank 900k, so you only net worth 100k.
I try queue just now, ithe system said bcos of limit down, 2.16 is the lowest i can queue. i guess it will hit 2.20 tomorrow morning session. probably will end at about 1.8 - 2.2 at first day. If you want to queue at below 1.5, have to wait for 2nd day. By wednesday, there might be some surprising news as china representatives are coming to discuss this with the government. Share holder might want to hold it until then, then only decide the next move.
Heard that land not suitable, in current state, for development. That's why China back out. Grossly underestimated development costs because of this. Seller forgot to inform.
pakatan_harapan2 share your views. Make sure you go out to vote. Important, suspect some strangers may be voting too. IWCITY can spring back. Watch closely to grab some, then buy me a cup of good coffee! Good luck all!
Don't feel guilty la LA777 if u gain from it at a bargain price.
I sometimes lose & other people buy at my bargain price. I also don't feel angry about it. This stock market is not like human love relationship game. Playing stock market does not involve love, hate, angry, like, envy, & jealousy feelings lah. Stock market is just to make or lose money game.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
LA777
3,383 posts
Posted by LA777 > 2017-05-07 13:07 | Report Abuse
I was lucky to sold half of my holding on Ekovest at rm 1.44, and now waiting to re-enter again when it's P/E reach 12.