Posted by hhhiii123 > 2023-02-14 21:42 | Report Abuse

With accumulate loss of 300mil, IRIS cannot declare dividend, maybe capital reduction or enter green energy industry

Posted by newtrader1989 > 2023-02-14 22:28 | Report Abuse

Lolz where got 300mil loss. Dun worry just get on the plane before too late

Posted by hhhiii123 > 2023-02-14 22:34 | Report Abuse

@newtrader1989
it is accumulated loss under balance sheet's equity part, a company can only declare dividend when it has retained earning.

Posted by newtrader1989 > 2023-02-14 23:34 | Report Abuse

Yes you are right they had a big loss in 2017 which is still not recovered

Posted by BLee > 2023-02-15 11:32 | Report Abuse

"newtrader1989> Yes you are right they had a big loss in 2017 which is still not recovered

To be exact, they had a big impairment, details as below:-
- Impairment of goodwill - RM(17,153k)
- Impairment of intangible assets - RM(10,683k)
- Impairment of plant and equipment - RM(55,208k)
- Impairment of investment in an associate - RM(227k)
- Impairment of financial assets - RM(7,055k)
- Impairment of trade and other receivables - RM(170,815k)

Total Impairment - RM(261,141k)

It is for the group's corporate restructuring plan. More details at link:
https://www.theedgemarkets.com/article/iris-reports-massive-4q-loss-due-oneoff-impairment

How successful is the group’s corporate restructuring plan?? The answer is still hanging in the air??
Happy trading and TradeAtYourOwnRisk

Posted by newtrader1989 > 2023-02-15 21:04 | Report Abuse

Thanks Blee. The current management really not managing the company well. Hoping somebody to takeover

Posted by speakup > 2023-02-15 21:31 | Report Abuse

myeg shareholders sell myeg swap to iris, now they swap back to myeg already. that's why myeg up, iris down

Posted by shortinvestor77 > 2023-02-16 09:23 | Report Abuse

https://www.chinapress.com.my/?p=3313380

Posted by shortinvestor77 > 2023-02-16 10:05 | Report Abuse

https://www.thestar.com.my/news/nation/2023/02/16/why-was-this-firm-given-the-project

Posted by shortinvestor77 > 2023-02-16 10:06 | Report Abuse

They said the fact that the government had released RM60mil to the company, or about 5% of the RM1.13bil project cost showed that “not much work has been done”.

Posted by IronShirt > 2023-02-16 10:44 | Report Abuse

Once consider a *high tech Co*....now more like chisel and hammer Operator or pasar malam nasi lemak Operator

Posted by 1pingpong > 2023-02-16 13:27 | Report Abuse

https://www.malaymail.com/news/malaysia/2023/02/15/report-macc-to-probe-muhyiddin-over-bersatus-funds/55023

Posted by 1pingpong > 2023-02-16 13:28 | Report Abuse

IRIS and its gang under MACC.

Posted by newtrader1989 > 2023-02-16 16:23 | Report Abuse

Iris is an innocent angel, it was the open tender.

Posted by pineapple123 > 2023-02-16 16:26 | Report Abuse

where got write IRIS? don't simply tembak

Posted by Good123 > 2023-02-17 00:12 | Report Abuse

TANGKAP SEMUA DAN MASUKKAN DALAM PENJARA, KIMAK!!!!!!!!!!!!!!!

SPRM siasat bekas PM, menantu berkaitan kontrak kerajaan

Oleh Kalbana Perimbanayagam
Februari 8, 2023 @ 9:08pm
bhnews@bh.com.my

KUALA LUMPUR: Suruhanjaya Pencegahan Rasuah Malaysia (SPRM) sedang menyiasat seorang bekas perdana menteri dan menantunya berhubung kontrak kerajaan.

Sumber SPRM berkata, siasatan tertumpu kepada kemungkinan salah guna kuasa berlaku dalam pemberian kontrak bagi projek Sistem Imigresen Bersepadu Nasional (NIISe).

"SPRM sedang melihat proses pemberian kontrak itu diberikan dan kaitan syarikat berkenaan dengan mereka yang berkuasa pada masa itu," katanya.

Terdapat maklumat yang menyatakan NIISe, sebuah projek yang sedang dibangunkan untuk menggantikan mekanisme pendaftaran pekerja asing sedia ada oleh Jabatan Imigresen menjelang 2025 adalah projek yang bermasalah.

Semakan ke laman web jabatan itu menunjukkan 'Pasukan Projek Khas NIISe' dipertanggungjawabkan kepada seorang pegawai tadbir dan diplomatik, Ruslan Atan.

"SPRM mungkin akan memanggil anggota kanan pentadbiran terdahulu sebagai sebahagian daripada siasatannya," kata sumber itu.

Pada Isnin lalu, New Straits Times melaporkan Ketua Pengarah Imigresen, Datuk Khairul Dzaimee Daud berkata, NIISe akan diperkenalkan dalam masa dua tahun dengan semua urusan berkaitan imigresen, termasuk yang kini diuruskan pihak luar seperti MyEG, kembali kepada jabatan itu.

Beliau berkata, sistem baharu itu kini sedang dibangunkan oleh Iris Corporation Bhd.

Sebelum ini, Ahli Majlis Tertinggi UMNO, Datuk Dr Mohd Puad Zarkashi pernah berkata, menantu bekas perdana menteri itu mungkin saudara yang tidak dinamakan seperti disebut Perdana Menteri, Datuk Seri Anwar Ibrahim ketika beliau bercakap mengenai kroni dan saudara yang dianugerahkan kontrak yang lumayan.

Menantu pemimpin itu juga dinamakan dalam laporan media sebelum ini sebagai antara seorang pemain utama dalam kontrak untuk NIISe.

Beliau juga disebut secara meluas dalam Program Pengampunan 6P jabatan itu beberapa tahun lalu untuk mendaftarkan warga asing tanpa izin.

Posted by speakup > 2023-02-17 07:44 | Report Abuse

u mean Vincent Tan son Robin Tan, Quek Leng Chan's henchman Paul Poh, Ananda Krishnan's henchman Ralph Marshall and ex MCA president Ling Leong Sik's son Ling Hee Keat all masuk penjara????? Ya ke ni?

Posted by Good123 > 2023-02-17 08:23 | Report Abuse

If muhyiddin and son in law go to jail and the project cancelled by the new government, iris is finished :)

NIISe is in the spotlight as Malaysian Anti-Corruption Commission (MACC) launched an investigation against former prime minister Tan Sri Muhyiddin Yassin and his son-in-law for possible abuse of power in the award of the contract. Muhyiddin denied their involvement.

Posted by nicholas99 > 2023-02-17 08:39 | Report Abuse

sudah sell la. left 20% how gg?

Posted by nicholas99 > 2023-02-17 08:40 | Report Abuse

they move so swiftly. why? to protect iris? why?

Posted by StartOfTheBull > 2023-02-17 08:59 | Report Abuse

Obviously, now it is very risky to invest in Iris.

Posted by BLee > 2023-02-17 10:25 | Report Abuse

"StartOfTheBull> Obviously, now it is very risky to invest in Iris."

Agreed, it is very risky as so many 'unconfirmed sources of news' are flying around. It is better to rely on official announcements…new news in below latest link?
https://www.businesstoday.com.my/2023/02/16/iris-corp-says-it-won-niise-tender-fair-and-square/

- In its defense, IRIS states that it has a successful track record of delivering IT projects to governments domestically and internationally including in Canada, India, Guinea, Nigeria, Senegal, Solomon Islands, and Tanzania for more than 20 years, and has consistently met its financial obligation based on prudent financial practices.

- It also stated that it has achieved meaningful progress in the NIISe project but is unable to disclose further information due to confidentiality obligations.

Happy Trading and TradeAtYourOwnRisk

Posted by speakup > 2023-02-17 10:33 | Report Abuse

So many high profile ppl in iris yet underperforming

Posted by julian1981 > 2023-02-17 14:25 | Report Abuse

this IRIS hire all the professional and talented people to work with them.

Posted by StartOfTheBull > 2023-02-19 13:26 | Report Abuse

https://www.bharian.com.my/berita/nasional/2023/02/1066212/sprm-sahkan-muhyiddin-antara-suspek-siasatan-jana-wibawa

Posted by Bradar > 2023-02-20 09:30 | Report Abuse

Not only in Iris, most ppl lose money to Bursa. A matter of in different ways only. Net net still a loser....hehehe

Posted by shiningmoon > 2023-02-20 17:03 | Report Abuse

everybody can be a suspect due to being accused.

Posted by AlexChiaWS > 2023-02-20 17:20 | Report Abuse

What really a question mark to me, if these huge amount sell is to depress Iris share value, then why Dr. Poh is not buying more at this price?
We know that he has been collecting Iris share from 0.30 way down to Oct'22.

Posted by Good123 > 2023-02-20 18:26 | Report Abuse

harga myeg naik, iris pulak jatuh kini... terbaik

Posted by speakup > 2023-02-20 21:24 | Report Abuse

Robin Tan, Paul Poh, Ling Hee Keat, Ralph Marshall are all very very rich ppl. To us, their investment in Iris is a lot money, but to them, it is very very small.

Posted by Peace99 > 2023-02-20 21:55 | Report Abuse

Why they don't follow the example of MyEG"s directors to buy?

Posted by speakup > 2023-02-21 07:43 | Report Abuse

they entered Iris via PP at 20sen.
at 12sen, they already lost almost half of their investment

Posted by AlexChiaWS > 2023-02-21 21:29 | Report Abuse

https://www.theedgemarkets.com/node/656180

The keyword here, "selective prosecution".

Now, I just want to continue watching Frankie Answer Question. Nice one la Frankie....

https://youtu.be/Oj6T5YjLGMg

Posted by speakup > 2023-02-22 08:18 | Report Abuse

so who is Muhyiddin crony inside Iris? Robin Tan? Paul Poh? Ling Hee Keat? Ralph Marshall?
Please name the crony. Rakyat wan to know!

Posted by speakup > 2023-02-22 09:21 | Report Abuse

OMG!!!!!!!!

Posted by nicholas99 > 2023-02-22 09:22 | Report Abuse

maybe below 0.1.. soon

Posted by 1pingpong > 2023-02-22 16:38 | Report Abuse

At least MYEG, director come in buy back, got see action of confidence in its own share. Iris.....no buyback at all...no confidence? or owner sendiri already know something is not in order...

Posted by Bradar > 2023-02-22 18:21 | Report Abuse

Owner is busy playing pingpong balls. . hehehe

Posted by Investgaogao > 2023-02-22 19:57 | Report Abuse

Run!!!

Posted by Peace99 > 2023-02-22 22:25 | Report Abuse

@AlexChia I agree, must not practise selective prosecution....
Instead, as much as possible, better to move on and forward!

Posted by stncws > 2023-02-22 22:50 | Report Abuse

good price to enter 11c....chances high

Posted by Investgaogao > 2023-02-23 10:16 | Report Abuse

Run x 2 !!!

Posted by 3LACKnWHIT3 > 2023-02-23 10:16 | Report Abuse

What happen ? back to square ?

Posted by 1pingpong > 2023-02-23 10:59 | Report Abuse

0.60 coming?

Posted by hhhiii123 > 2023-02-23 12:11 | Report Abuse

now share price at 0.10, you are hoping for 0.6 lol

Posted by speakup > 2023-02-23 12:15 | Report Abuse

6 bagger mah

Posted by 1pingpong > 2023-02-23 13:22 | Report Abuse

hahaha. 0.06 most probably

Posted by hhhiii123 > 2023-02-23 14:25 | Report Abuse

No no, Feb qtr strong result, then share price skyrocket, hope so...

Posted by Muhamad Huzaili Huzman > 2023-02-23 16:36 | Report Abuse

good price to enter 11c for long term investment

Posted by Muhamad Huzaili Huzman > 2023-02-23 16:38 | Report Abuse

Feb qtr strong results for iris