Unless the remaining PP shares are not cancelled the shares will be traded around 34.5 to 36 sen, to wait for the remaining PP to be subscribed.
It the share prices goes up higher than expected, other new subscribers may not want to subscribed at higher price compared to the earlier subscribers subscription and if they got the same price, the earlier subscribers may not be too happy for not getting similar discounts like the new subscribers. Unless they know how to please the others, it going to be a dull market for Iris shares until the remaining PP share has been resolved.
BRAVOZULU -- Can Hentam, but do not know when can go up. No dividen , no nothing at all. Just busy issuing PP and promising moon and star to PP subscriber.
You may forget to dream of this counter, it will not go anywhere at least for the short term. Better liquidate and switch to other counters and coming back when it starts to play if really it wanted to play. A big project they got does not seem to play a significant role but rather create sceptical about the ability to execute the project and perhaps creating more problem about funding the project.
Married deal 45 M shares, PP trache 1-3 190 M shares, changes at senior board level. It simmering ready to explode but when?
Is it when the remaining PP is fully subscribed or cancelled, is it when they announce the new senior management and the shareholding or is it when they annouce the India Project to be the catalyst for the market bull run?
Learn the way they play. If the PP not completed, it will ding dong between 34 ton36 sen. Below 34 sen can sapu, above 35 don't touch and 36 sen can sell.
another way to learn how they play, if the overall market down, Iris will definitely go down, if the overall market up, the best will be only unchanged if not down. The tendency to go down is more just waiting for the signal to go down further. So if you got even half cents profit better throw and buy back when it goes down.
Haha funny counter, if S5 done with whatever submission, the so called good news may bring down iris share price even lower, this is how this counter work
Involve issuance of new type/class of securities ? No Types of corporate proposal Private Placement Details of corporate proposal PRIVATE PLACEMENT OF UP TO 296,628,000 NEW ORDINARY SHARES IN IRIS CORPORATION BERHAD ("IRIS"), REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF IRIS ("PRIVATE PLACEMENT") No. of shares issued under this corporate proposal 15,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.3141 Par Value($$) (if applicable)
4 tranches issued to date, total 205 mill shares. 91.5 million PP Shares need to be offered to subscribers before 6 July 2021 new expiry date, extension given by Bursa.
So sad for iris..n its futur...wth no sign of improvement..wen it was announced iris got 1.12 billion everyone was very excited thinking iris is great fr future investments.its price at .335 nobody wants aso Ferrari 445 has long gone:he was so optimistic about iris afer awrd announcement
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....
Investgaogao
898 posts
Posted by Investgaogao > 2021-03-19 14:30 | Report Abuse
Share the cake is important than company turn loss to profits organisation... But I still awaiting the announcement that yet to be made by iris