If Iris is a syndicate play counter then our MCMC should investigate why Iris was awarded RM 1.16 billions contract, something fishy is cooking and Bursa should involve in this type of market manipulation.. Beware.
Typical retailers in the Malaysian stock market, when the price is down thousand bad stories come out and influence others to sell or liquidate. When the price moving up those who create bad stories suddenly disappear and new writer to tell about all good stories with new TP, Limit up bla bla bla. haha ha ... you money your decision, there is no stock to continue to go down, and there no stock continues to go up as long there are still a fundamental. Those who are controlling the stake and big sharks smiling watching punters-retailers burning their fingers...while they all waiting making money...
Force selling today shall carry the volume of 0.62b shares transacted on 2nd feb, and today price only drops 1cent from 0.37c to lowest so far 14 0.36c, so it so well absorbed in spite of all bad stories I read here. So I think we should take decisions wisely based on fact and real judgment not by listening or stories just to create perception. btw I started to go in at the price of 0.36 cents and will accumulate more if the price further down.
some ppl still have profit are selling/dumping slowly. some are still stubborn..... as I said this stock have no more catalyst to goreng... its either drop slowly or remain stagnant until after next General Election..... wake up....
on 18th January to 29th January saying differently. Let me rephrase what you say , kind of funny flysmart character like yo yo
this Iris been up and down because of politics..... it will be very stable at this price. it can only go up unless emergency law decision U-turn. highly unlikely....... as for contract announcement... nobody knows... not even insider. those who bought between 30-40 sen, can sleep well. my 2cents
I thought Tuesday plunged is caused by VT dumping, turned out Director Robin Dumped 45m Those Bought today must be cursing this weekend. Black Monday again.
the 45mil share disposal was a married deal which is probably just a change of strategic investor. Shareholders are still holding strong. Rebound coming next week.
damansaraeagle.... I did not ask you to trust me. I am just saying what is happening at the moment. still holding ah ? heart ache every day ? hahahaha. if dont want sell just keep... I did not ask anyone to buy or sell.. I ask ppl think for themselves. hahahahaha
Married Deal meaning changing hand off market. Poor Director leaving company is a good sign. If anybody holding Bjcorp share and attended its AGM, then you know what attitude and performance of robin Tan. So he disposed IRIS is a good news.
NIIS from rm3.5billion award to prestariang (awantec) back then.. now award to IRIS for RM1.5billion.. imagine the profit margin reduced.. HAHAHA... sold all... going to sleep at 20 sen for 1 year soon
IbnuShaari Typical retailers in the Malaysian stock market, when the price is down thousand bad stories come out and influence others to sell or liquidate. When the price moving up those who create bad stories suddenly disappear and new writer to tell about all good stories with new TP, Limit up bla bla bla. haha ha ... you money your decision, there is no stock to continue to go down, and there no stock continues to go up as long there are still a fundamental. Those who are controlling the stake and big sharks smiling watching punters-retailers burning their fingers...while they all waiting making money... 05/02/2021 3:36 PM
@8888_ it does not matter whether I m richer than Robin Tan or not. What I said is the fact. You will see if IRIS goes up again, those who being negative will also 'perhaps' will chase the price and started to ignore what they said negatively, those typical retailers when they lose or miss the boat. And I m sure not a single person can control the IRIS market price even Robin Tan!. The price ONLY down 1 cents for selling 45mil shares today, that's funny, I thought will down 20 cents ? .... let him sell 1bil shares who cares! they will be other buyers will buy his shares ...ha ha ha
Surely bidders know conditions, risks and exposures when tender a project and surely such project need bond to secure it. Iris can use remaining PP balance up to 221,628,000 to raise cash which is better cash option. Will they press down price but this wont raise up to RM100mill but maybe d most RM80mill if at current price 0.36 OR near 0.50 to get RM100mill. Another cash option is from bank and that banker will highly buy in shares for future prospect. Cash injection from a new shareholder may also be another option. Left 14 working days to the due date, guess what will happen ?
@stopbombing..even announcement made on 2feb. The downside of this disposal is insignifant, I wish Dato Robin dispose all his remaining 245mil share, I wish to see to how much it will go down and at the same time to make it all negative retailers happy. Apamacam? Btw,I never loss in this counter since it started surge from 0.12cent. Buy low sell high even few cents up.
Robin Tan disposal via Married Deal. Google Check : Married Deal is an off market transaction or a Block Trade to a specific party. No worries. He just passed them to Syndicate. Not to open market. Next week it will Rebound.
Hehehe... so big boss sell at 41cents to syndicate.. syndicate lets the price drop so they can collect more... very creative scene... why syndicate want buy at 41cents when they can collect at 32cents next week?? hehehe...
Corporate governance is a joke in Malaysia, insiders directors dumping shares all over the place, many examples, Serba, Minetec, Iris, Myeg, to name a few....how Iris got a contract is mind boggling...they don’t even have funds to put in the deposit required not to mention unethical behaviour. ...shocking but not surprising!
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....
stopbombing
1,440 posts
Posted by stopbombing > 2021-02-05 15:24 | Report Abuse
very very soon iris will drop 30% from 445, if it reach, hell yeah is long day limit down,john style limit down, killing you slowly. now wait macd.