Iris is too heavy to go up. Even up 0.005 pun kena hentam. Too much volume floating in the market. So do not expect it will follow DataPrep or Dnex. It is beyond miracle
Now with listing of 296mil PP at cheaper price these guys will throw to get easy profit make thing worst to the price. To company they already the money they wanted. Small fish like us makan tulang je lah
If not mistaken the 296 mill shares made up of 10% of total shares and out of that, 2 tranches of 10% each from the 296 mill shares were issued to the subscribers whilst the remaining has not been priced yet. Possibly it has moratorium restriction on those that has been issued and subscribed.. Simply said, I reckoned the shares are not in play yet.
U search "fwdeiris" in Google, then you can see it. Fwd is a international insurance company very active in online market the business's just that I saw iris name inside
Total PP to issue is 296m, so far only 2 tranches were placed out, first 75m at 25 sens and second 60m@31.4 sen had just been listed, so be patient and wait....another 161m shares to go.
I think winterwolf got it right. Any other calculation, pls share?
winterwolf Total PP to issue is 296m, so far only 2 tranches were placed out, first 75m at 25 sens and second 60m@31.4 sen had just been listed, so be patient and wait....another 161m shares to go. 17/03/2021 4:31 PM
@steven rt...the third tranche had just fixed the price on 16th March; the same as the second tranche. It has not been issued or listed yet. The report has not indicated any number of shares.
Flybythenite damansaraeagle, ignore shortterm fluctuation la.. what matters is its awarded the mega project! Just a matter of time we HUAT! :) 17/03/2021 7:46 PM ____________YOU ARE RIGHT Flybythenite, the more suspense it is , the more upside it should be.
I wonder who is selling? despite a few millions queue at buying, yet sellers dump it horribly! Are they short-sell or PP Partner is selling for just a few cents profit? does not make sense if they know this potentially can go up higher
IbnuShaari Not necessarily the recent PP batch throwing. There are investors who bought at a very low 7 sen at start of 2020MCO. Maybe earned enough. Everyone TP is different, some earned 50% sell, some earned 200% throw, some earned 300% still keep .... Many long termed investors here. :) Liquidity is good here. Some counters cant sell/buy easily....
Even if its pumped up, it could be justified - it won a mega project! Solid reason, it definitely is worth at least earlier 45 sen! If breakout of 45 sen, that price will be future support level. ;)
@Flybythenite, good comments on "some earned 300% still keep"; I will wait until borders open then think about throwing. Some speculative counters, I will throw even for 1 or 2 ticks..Happy Trading
@BLee This is epassport counter! When border reopens, every1 will b flying... global biz will boom boom kaboom! Many long term investors waited for this moment infact! Sure u wanna sell then?! ;)
Another point is, the complete systems should be in place in 4 years, so shouldnt sell nearer to deadline cos after that revenue will start to roll in! Imho, its good for mid/long term investment. Happy investing! :)
A portion of the significant market players that are recorded in the report are: Casa da Moeda do Brasil, Shanghai Mite Speciality & Precision Printing, Istituto Poligrafico e Zecca dello Stato, Polish Security Printing Works, India Security Press, Semlex Group, Beijing Jinchen Cvic Security Printing, Bundesdruckerei, Canadian Bank Note, Japan National Printing Bureau, Iris Corporation Berhad, Gemalto, Morpho, Royal Mint of Spain, Veridos, Goznak
There be some other projects to popp up its revenue..otherwise how to pay their employees,and others costs..4 years is pretty long time to earn revenues,profits. Many peopl wi cabut cannot tahan to 4 years!
@Flybythenite, I think you got me wrong. I am talking at present price without knowing when borders open, price will be a bit depressed. Once borders open, we are not talking support at the region of 30sen or 40sen..Of course I will think about selling in the region of more than 300% of my cost price of 15.5sen..Anyway, I took back my principle investment during speculative period, left 30% investment as all profit. Iris huat..Happy Trading
It.may be it will take another 2 more weeks or more before the whole PP is exhausted. Now only 3 tranches totalling 190 mill shares has been issued with 105 pp shares remaining to be subscribed.
Maybe they will start playing when its fully subscribed.
Majority of other ACE counters moving upward without having a really significant project like Iris. Somehow Iris behaving like shit at the time it has a significant opportunity at least to stabilize at 0.50cents before it taking rest. Something is not right somewhere with this counter. I fear one day when it short of money to fund the project, it will start to do like other scam counters doing, Issue PP which is already done, next, issue SIS, Issues ESOS, issue another PP, and finally consolidate and asking shareholders to subscribe to Rights and giving free warrants as a sweetener.
Getting big project has it cost. The PP is meant to share the cake. Until this is sorted out, all parties has boarded the bus, we have to wait. The fundamentals and fiancials are there, its the sharing commitment have not.
When the pressure is kept building, imagine the intensity of the explosion when it is released.
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Posted by damansaraeagle > 2021-03-17 10:06 | Report Abuse
oppsss be +Ve +VE +VE