Posted by Muhamad Huzaili Huzman > 2023-07-17 15:26 | Report Abuse

what happen????

Posted by hhhiii123 > 2023-07-17 19:02 | Report Abuse

Waiting for dividend declared, it is a cash owed company now

Posted by Investgaogao > 2023-07-17 20:41 | Report Abuse

Lolz..Iris still a growing stage company in its industry as population getting wealthier and educatd. Don't expect mich on the dividend if they have project to expand their business. Tight cashflow will only make them continuously right issue or pp only.

Posted by speakup > 2023-07-17 21:15 | Report Abuse

Capital reduction & consolidation to cancel off accumulated losses. After this cleaning exercise, Iris can declare dividend already

Posted by Kongkalikong > 2023-07-18 14:59 | Report Abuse

this is what chatGpt comments on Capital reduction and consolidation. Trade at your own risk.
Capital reduction and consolidation are two financial strategies used by listed companies to manage their capital structure and improve various financial metrics. Let's take a closer look at the benefits of each:

Capital Reduction:
Capital reduction involves decreasing the nominal value of a company's shares or reducing the share capital. This can be done for various reasons, and some of the benefits include:
Debt Reduction: A company may use capital reduction to reduce its debt burden. By decreasing the share capital, the company can repay some of its debts, improving its financial position and reducing interest expenses.

Increased Solvency: Capital reduction can strengthen a company's financial position, making it more solvent and less risky. This, in turn, can enhance investor confidence and attract more investment.

Improvement in Financial Ratios: Capital reduction can lead to an improvement in various financial ratios, such as debt-to-equity ratio and earnings per share (EPS). This can make the company more attractive to investors and potentially lead to an increase in the stock price.

Enhanced Dividend Payout: With reduced capital, the earnings of the company are distributed among a smaller number of shares, which can increase the earnings per share (EPS). This may result in a higher dividend payout per share to shareholders.

Consolidation (Reverse Stock Split):
Consolidation, also known as a reverse stock split, involves reducing the number of outstanding shares while increasing the share price proportionally. Some of the benefits of consolidation include:
Share Price Increase: By reducing the number of shares, the company's stock price per share increases. This can make the stock appear more valuable to investors, potentially attracting a broader range of shareholders.

Regaining Compliance: Companies with low stock prices may face delisting from stock exchanges due to non-compliance with exchange listing requirements. Consolidation can bring the share price back above the minimum required level, helping the company maintain its listing status.

Perceived Market Stability: A higher share price resulting from consolidation may create a perception of greater stability and financial health for the company, especially among retail investors.

Liquidity Improvement: Consolidation may increase the stock's liquidity by attracting institutional investors who typically have minimum price requirements for investing in a company's shares.

It is essential to note that while capital reduction and consolidation can offer these benefits, their implementation should be well-planned and in line with the company's financial objectives and shareholder interests. Additionally, the success of these strategies depends on various factors, including the overall market conditions and the company's specific financial situation. Before implementing any of these actions, companies should consult with financial advisors and consider the potential implications on their business and stakeholders.

Posted by CincaiBuy > 2023-07-18 15:03 | Report Abuse

Trade at your own risk. It will dilutes your share value more once consolidated

Posted by Goodprofit > 2023-07-18 16:00 | Report Abuse

later drop again and than right again

Posted by CincaiBuy > 2023-07-18 17:39 | Report Abuse

If want buy, wait it consolidated first then slowly it will drop even 2x lower than it's consolidated price only thinking collecting it.

Posted by tklim > 2023-07-24 15:49 | Report Abuse

SELL 0.06
Target1: 0.05
Target2: 0.04
Target3: 0.02
Target4: 0

Posted by leospirit > 2023-08-09 19:35 | Report Abuse

Target 5, ½ sen naik sikit

Posted by hhhiii123 > 2023-08-14 20:10 | Report Abuse

https://www.nst.com.my/business/2023/08/942894/rm112bil-niise-contract-terminated-iris-seeks-legal-advice

so good or bad news this time...

Posted by speakup > 2023-08-14 20:16 | Report Abuse

Expected since they wanted to dispose NiiSE

Posted by hhhiii123 > 2023-08-14 20:20 | Report Abuse

hopefully they won penalty from govermnent for termination of contract out of political reason. I personally think that they should sack the saifuddhin, terrible performance

Posted by GoldenBull66 > 2023-08-14 21:26 | Report Abuse

Share consolidation..and now the project termination... That would be huge blow. Buying opportunity at 0.025-0.035

Posted by hhhiii123 > 2023-08-14 21:35 | Report Abuse

lol 0.025, dream la, let's see tomorrow market action then know, although i also prepare this counter may not be profitable then loss, hope another round of goreng, haha

Posted by pang72 > 2023-08-14 21:40 | Report Abuse

How much it can drop from 8.5c?
Really can not touch old folk VT stock.

Posted by pang72 > 2023-08-14 21:43 | Report Abuse

Why the ex government can award billion project to incompetence company resulting project termination?
This is not wasting of money but time for retender the project taking long time

Posted by GoldenBull66 > 2023-08-14 21:44 | Report Abuse

0.025 dream? The impact of a 1B project is not just lost on earning. It could well impact their ability to repay debts and get capital for new projects. And their likely court case with government would likely takes years. Meaning more cash needed. The share consolidation would be another huge blow to the share. 0.025 might not achieved tomorrow..but in the run towards the share consolidation dateline, yes it will be.

Posted by pang72 > 2023-08-14 21:45 | Report Abuse

The HSR project retender again which incured higher construction cost and longer time.
Hopefully, PH can stop the nonsense and move faster to roll out the project

Posted by GoldenBull66 > 2023-08-14 21:45 | Report Abuse

Imagine creditors of the NIISe projects will surround iris office demanding payment.

Posted by pang72 > 2023-08-14 21:46 | Report Abuse

45c drops to 8.5c within 3 years..
I fainted lo

Posted by Peace99 > 2023-08-14 22:31 | Report Abuse

Unbelievable! May 24 extended the contract by 1 year and then Aug 14 termination....what happened??

Posted by GoldenBull66 > 2023-08-14 22:38 | Report Abuse

Home minister should explain on the extension in the 1st place. It wasted more tax payer money.

Regardless what, iris is in deep shit tmr..their office will be surrounded by creditors demanding for payment. Already struggling for cash flow and debts.

Posted by hhhiii123 > 2023-08-14 22:38 | Report Abuse

because they lose malay vote, so PH want to sue PN for award project with bribery, haha

Posted by flytothemoon > 2023-08-14 23:11 | Report Abuse

since long times ago already said the only Iris earns money is private placement ask for more money from investor, nothing else

Posted by Good123 > 2023-08-15 09:06 | Report Abuse

projek tentang menantu bekas PM dah terminated dah insya allah :)

https://www.msn.com/en-my/money/topstories/iris-says-niise-contract-with-home-ministry-terminated-with-immediate-effect/ar-AA1ffAFD?ocid=msedgdhp&pc=U531&cvid=1e75596df1dc48f5b1ddba060755a788&ei=123

Posted by Good123 > 2023-08-15 09:07 | Report Abuse

pengarah2 yg bagi rasuah mungkin dijelkan juga... seronoklah

Posted by Good123 > 2023-08-15 09:08 | Report Abuse

PMX jaguh penentang rasuah.... 4-5 tahun akan datang dari sekarang perasuah2 boleh gulung tikar haha

Posted by Good123 > 2023-08-15 09:09 | Report Abuse

Janji PMX, i will fight them hard, sedang ditunaikan ... Paling Best

Posted by hhhiii123 > 2023-08-15 09:14 | Report Abuse

Seem like market dun think it is so bad at all, still got chance for goreng again?

Posted by Good123 > 2023-08-15 09:15 | Report Abuse

shortselling pun boleh berlaku ... berwaspada semua

Posted by greatbattles > 2023-08-15 10:59 | Report Abuse

so i guess the sale of the subsidiary wont happen as well?

Posted by GoldenBull66 > 2023-08-15 11:36 | Report Abuse

Wow. Able to sustain. Let's see when they going to default debts

Posted by hhhiii123 > 2023-08-15 12:12 | Report Abuse

Ph just lose court case against maiyuddhin, very high chance they will lose court case from IRis also,wakaka,

Posted by rainman777 > 2023-08-15 12:16 | Report Abuse

Hahahaha mau short cut pergi pasang cable tengok sudah ada problem besar, Wakaka

Posted by hhhiii123 > 2023-08-15 19:13 | Report Abuse

So sad, hope it is another aax, else can only wait many years...

Posted by GoldenBull66 > 2023-08-15 21:47 | Report Abuse

Only hope they don't default debts. If yes there would fall into PN17 and risk delisting. They very obvious struggling with debts and cash flow issue. Now without 70 cash from sale of the company that got the Project. That is huge blow

Posted by speakup > 2023-08-16 07:29 | Report Abuse

???? apa slander ni? iris has net cash of rm90 mil! Net cash = cash less off liabilities

Posted by GoldenBull66 > 2023-08-16 10:12 | Report Abuse

So with so healthy balance sheet, why need to sell 80% of the NIISe for just 70m? Now without this 70m, without the project, all the expenditure spent on this project, how big the impact on their cash flow? Not to mention the court case against government would be burning money too

Posted by xiaogumin88 > 2023-08-17 11:01 | Report Abuse

PN17 soon

Posted by flytothemoon > 2023-08-17 17:02 | Report Abuse

no money ma private placement lo, every year also doing that way

Posted by haziqaz > 2023-08-23 14:52 | Report Abuse

KDN tamatkan kontrak Iris sekat Mafia Korporat ambil alih Projek NIISe Jabatan Imigresen?

https://thecorporate-secrets.com/blog/2023/08/23/kdn-tamatkan-kontrak-iris-sekat-mafia-korporat-ambil-alih-projek-niise-jabatan-imigresen/

Posted by hhhiii123 > 2023-08-30 18:24 | Report Abuse

Wo, Dr poh promotion, can he save iris from losing government contract, hmm

Posted by speakup > 2023-08-31 22:37 | Report Abuse

https://theedgemalaysia.com/node/680871

Posted by dem777 > 2 months ago | Report Abuse

Con counter to generate cash for political survival

Posted by Good123 > 1 month ago | Report Abuse

iris dan kes political biz PN sampai ke mahkamah kan? bila dibicara ya?

Posted by whistlebower99 > 2 weeks ago | Report Abuse

FOR NEWBIES

IRIS CORPORATION BERHAD ("IRIS" OR THE "COMPANY")

(I) CAPITAL REDUCTION; AND

(II) SHARE CONSOLIDATION

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
We refer to the Company's announcements dated 14 July 2023, 25 July 2023, 28 August 2023, 29 August 2023 and 20 September 2023 in relation to the Proposals. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements.

On behalf of the Board, RHB Investment Bank wishes to announce that the Company, had, via its legal counsel, filed an application to the High Court of Malaya in relation to the Capital Reduction pursuant to Section 116 of the Act.

This announcement is dated 14 November 2023.

==============
Be aware of on-going activities

NOSH = 3,262,910,862

https://www.klsescreener.com/v2/stocks/view/0010/iris-corporation-berhad

==============
(i) proposed reduction of the issued share capital of IRIS pursuant to Section 116 of the Companies Act, 2016 ("Proposed Capital Reduction"); and

(ii) proposed consolidation of every 4 existing ordinary shares in IRIS ("IRIS Share(s)") into 1 IRIS Share upon completion of the Proposed Capital Reduction ("Proposed Share Consolidation").

Further details of the Proposals are set out in the attachment below.

This announcement is dated 14 July 2023.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3369371

Posted by koyokui > 2 weeks ago | Report Abuse

Buy quarter report profit

Posted by lordmaster > 2 weeks ago | Report Abuse

Yalor. Profit making again. 👏
Quarterly rpt on consolidated results for the financial period ended 30/09/2023 | https://www.klsescreener.com/v2/announcements/view/5933053

Posted by anisbin > 1 week ago | Report Abuse

Iris is suing ...