hm, from what i see, this share is recovering very well? last year they a losing like hell, but now they are already earning? and the Q2 earning is quite good increase compared to their Q1 this year, doesn't this mean good growth/?
Indeed, daylight is shinning now and watch space , ROCKET is ready to head NORTH , just bought 0.045 n also key in for more .......... TP 0.06 when Q3 is out !!
Circular to shareholders in relation to the Proposed Disposal of two (2) adjoining vacant industrial lands within Taman Teknologi Johor, Senai, Johor, held by Ideal Property Concept Sdn. Bhd., a wholly-owned subsidiary of Ideal Sun City Holdings Berhad under Lot Nos. PTD 87654 and PTD 87663, Title nos. HS(D) 50239 and HS(D) 50240 respectively, all in Mukim of Senai, District of Kulaijaya, Johor to Drilmaco Sdn Bhd for a total cash consideration of RM4,906,315.20
Reference is made to the announcement dated 2 May 2013, in compliance with paragraph 4.4 of the GN3 of ACE LR. The Company has submitted its Proposal and regularisation plan to Bursa Malaysia Securities Berhad (“Bursa Securities”) on 25 September 2012.
On 13 May 2013, M&A Securities Sdn Bhd on behalf of the Board of Directors of IDEAL (“Board”) had announced that Bursa Securities had vide its letter dated 13 May 2013 resolved to approve the Company’s regularisation plan subject to the conditions as stated in its letter.
The company is currently in the midst of implementing its regularisation plan. Any further developments to the approved regularisation plan shall be announced accordingly.
Ideal Sun City Holdings Berhad, an investment holding company, provides project management services for commercial and residential property development industry. The company’s project management services include project design evaluation, which evaluates the clients existing project design; project value engineering that reduces the construction costs; and project construction management, which ensures the project’s objectives. It is also involved in the propagation and trade of ornamental plants. The company was formerly known as Equator Life Science Berhad and changed its name to Ideal Sun City Holdings Berhad in October 2011. Ideal Sun City Holdings Berhad was founded in 1994 and is based in Bayan Lepas, Malaysia.
Type Announcement Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3 REGULARISATION PLAN Description IDEAL SUN CITY HOLDINGS BERHAD (FORMERLY KNOWN AS EQUATOR LIFE SCIENCE BERHAD) (“IDEAL” OR “COMPANY”) PROPOSED BALANCE SHEET RECONSTRUCTION; PROPOSED RIGHTS ISSUE WITH WARRANTS; PROPOSED EXEMPTION; AND PROPOSED PLACEMENT WITH WARRANTS
(COLLECTIVELY, THE “PROPOSALS”
Reference is made to the Company’s announcements dated 27 April 2012, 3 May 2012, 27 July 2012, 12 September 2012, 25 September 2012 and 13 May 2013 in relation to the Proposals.
On behalf of the Board of Directors of IDEAL, M&A Securities Sdn Bhd wishes to announce that on 12 June 2013, IDEAL has appointed KAF Investment Bank Berhad as the Independent Adviser to advise the Independent Directors and minority shareholders of IDEAL on the Proposed Exemption.
Type Announcement Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3 REGULARISATION PLAN Description IDEAL SUN CITY HOLDINGS BERHAD (FORMERLY KNOWN AS EQUATOR LIFE SCIENCE BERHAD) (“IDEAL” OR “COMPANY”) PROPOSED BALANCE SHEET RECONSTRUCTION; PROPOSED RIGHTS ISSUE WITH WARRANTS; PROPOSED EXEMPTION; AND PROPOSED PLACEMENT WITH WARRANTS
(COLLECTIVELY, THE “PROPOSALS”
Reference is made to the Company’s announcements dated 27 April 2012, 3 May 2012, 27 July 2012, 12 September 2012 and 25 September 2012 and 13 May 2013 in relation to the Proposals.
M&A Securities Sdn Bhd, on behalf of the Company wishes to announce that Bank Negara Malaysia (“BNM”) had vide its letter dated 25 June 2013 (received on 4 July 2013) approved the issuance of Warrants to non-resident shareholders pursuant to the Proposed Rights Issue with Warrants and Proposed Placement with Warrants.
TQ TQ almost off load ALL, so far off load at 0.07 & 0.075 n now praying hard for 0.08 , then I m home & dry & ready for party time over weekends with my Bollywood mates !!!
CONSOLIDATION OF THE ISSUED AND PAID-UP SHARE CAPITAL OF IDEAL, SUCH THAT EVERY TEN (10) ORDINARY SHARES OF RM0.01 EACH SHALL BE CONSOLIDATED BACK INTO ONE (1) IDEAL SHARE (“SHARE CONSOLIDATION”)
Watch out this counter on 8th April. After share consolidation, it only 23.5mil share traded on 8Th April, if you take ref. px. of RM0.20, it only a market cap of RM4.70M !!!. Too small the figure, and easily play up by syndicate or someone with big pocket!
If you take the whole market cap after rights issue, it is only RM23.50M, still very very small but the company is making profit of RM4.40M for FYE2013 and projected to RM5.0 in FY14, fantastic!
If you monitor this morning, TOP = RM0.24 from 8:30am to 8:55am. But when close to 9:00am, it drop to TOP = RM0.20, which is same as Theorectical ex-all price after 10-to-1 share consolidation + rights issue.
TOP RM0.24 should be correct, but dont know why it changed to RM0.20 near to 9am.
Why TOP RM0.24? Example: 1) You have 1,000 unit IDEAL @ RM0.08, your cost = RM80. 2) After 10-to-1 share consolidation, you left with 100 unit @ RM0.80. 3) You entitled for 400 Rights shares @ RM0.10 issue price. 4) You pay RM0.10 x 400 = RM40 for rights issue. 5) Your total cost is now RM120. 6) You now have 500 unit IDEAL, TOP = RM0.24 means your market value is now RM0.24 x 500 = RM120.
Conclusion >> Cost RM120 = Market value RM120... No Gain No Loss. So TOP RM0.24 as displayed on screen early in the morning before market open is the CORRECT one...
Haha, for those who hold IDEAL, in order to maximize the profit, sell IDEAL and buy IDEAL-OR..... Lower entry with free warrant with exercise price RM0.10.
Why IDEAL's price drop, but IDEAL-OR is standing still? The above explanation might be valid.
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....
Namoyaki Takarajima
1,530 posts
Posted by Namoyaki Takarajima > 2012-09-05 09:05 | Report Abuse
RACE!