Posted by rapparesh > 2021-07-06 16:26 | Report Abuse

Guys, please do not forget the nature of ICULS is still to raise capital for the company, as an investor we are just using the small advantage to gain profit of it

Posted by fable > 2021-07-06 16:40 | Report Abuse

close green today and slowly back to 0.10+ range

Posted by 240gpark > 2021-07-06 16:42 | Report Abuse

Rumour said ?

Posted by 240gpark > 2021-07-06 16:42 | Report Abuse

Lol

Posted by 240gpark > 2021-07-06 16:45 | Report Abuse

I am afraid this word , rumors said , always facts come first

Posted by scrown > 2021-07-06 16:59 | Report Abuse

If rumours that exported sand business has been terminated, Director must inform Bursa immediately to avoid offense. So far so positive under covid period

Posted by Tigger > 2021-07-06 20:42 | Report Abuse

andytfyap @rapparesh could it be the other way round?
major SHH after converting, they have shares in hand to dump and force the price down all the way , and when ikan bilis panic seeing the price falling and falling, they let go the share at much lower price, then the major SHH will buy back at prices much cheaper than what they sold earlier.

My Take:

The total new ICPS conversion of 132.7 million from Apr-Jun 2021 is not from the major SHH otherwise there will be announcements on their shareholdings changes. Last announcement on conversion by major SHH was 04 May 2020. There are only 2 major SHH- Dato Liew and Dato Chin Kok Fong.

These conversions could be done by other big investors(not major) who are holding long term. Short term players would buy the mother shares directly which is cheaper. That begs the question why not buy the mother shares from the market which is cheaper even for long term players. One possibility is that these investors are currently holding big quantities of ICPS and they are using non cash options to convert as their cost was 0.01.

That leads to another question, why convert now? One can only speculate as to the reason which is probably the rights issue may be coming soon and for them to take advantage of.

With current market condition I am not surprised to see the price fall. Having invested long enough in this counter I have seen the price dropped to 0.05 and rise to 0.20. Up to this point I don't think this counter is under a syndicate(personal opinion). The plus point to me is since Q4 2015 the company has recorded profit every quarter, though may be small.

Every stocks have the positive and negative points. It is up to us to decide in our personal view which outweigh the others based on the experience we have gained.

Best of luck!

Posted by awesome20 > 2021-07-06 20:46 | Report Abuse

if can buy 0.090 without queue will join the ride

Posted by Ngcheekeong336 > 2021-07-06 22:39 | Report Abuse

how ageson boss siphon out money ..last year he converted 1st batch icps ......and on 21st august 2020 ageson berhad transfer rm 13 million to ageson bim sdn bhd and on same day ageson paid to intellikonnect(m) sdn berhad rm2milllion transaction ref no 202008210073904342 and rm 3.5m transaction refer no 202008210073904446 and rm 3 m transaction no 202008210073904373 and rm4409866.67 transaction ref no 202008210073904509 ....

Posted by Ngcheekeong336 > 2021-07-06 22:53 | Report Abuse

on 27th august 2020 ageson berhad again paid to ageson land sdn bhd rm 11.5m then ageson land paid to permata global(borneo) sdn bhd rm 3.5m. transaction refer no 202008270074264433 and rm 2 m to onelogic sdn bhd transaction ref no 202008250074060109 and rm2 m to permata global again transaction no 20200825007438970 and again rm 2m to permata global transaction refer no 202008250074039090 and again to permata rm2 m transaction refer no 202008270074038849 and paid to blitz tower ventures sdn bhd rm 3 m transaction refer no 202008270074267776

Posted by Ngcheekeong336 > 2021-07-06 22:59 | Report Abuse

the boss will take out the money say rm 27.5m and converted icps again ..at the same time he also use the converted ageson share to charge to investment bank to finance money put in his pocket ... he repeat this in few round final converted almost 800million ageson share at rm 0.145 value rm 120 milllion

Posted by Ngcheekeong336 > 2021-07-06 23:00 | Report Abuse

how i know ...i am one of ageson senoir management staff

Posted by Ngcheekeong336 > 2021-07-06 23:04 | Report Abuse

that why the boss prefer to convert icps with high price instead buy market share at low price .....if buy market share money go to to public pocket if converted share money will go into company acc ..then he can siphon out money with and thru the subsi dormant company such as ageson bim ageson enterprise ageson land ...

Posted by LohNewbie > 2021-07-06 23:08 | Report Abuse

Ngcheekeong336
how ageson boss siphon out money ..last year he converted 1st batch icps ......and on 21st august 2020 ageson berhad transfer rm 13 million to ageson bim sdn bhd and on same day ageson paid to intellikonnect(m) sdn berhad rm2milllion transaction ref no 202008210073904342 and rm 3.5m transaction refer no 202008210073904446 and rm 3 m transaction no 202008210073904373 and rm4409866.67 transaction ref no 202008210073904509 ....
06/07/2021 10:39 PM

Ngcheekeong336
on 27th august 2020 ageson berhad again paid to ageson land sdn bhd rm 11.5m then ageson land paid to permata global(borneo) sdn bhd rm 3.5m. transaction refer no 202008270074264433 and rm 2 m to onelogic sdn bhd transaction ref no 202008250074060109 and rm2 m to permata global again transaction no 20200825007438970 and again rm 2m to permata global transaction refer no 202008250074039090 and again to permata rm2 m transaction refer no 202008270074038849 and paid to blitz tower ventures sdn bhd rm 3 m transaction refer no 202008270074267776
06/07/2021 10:53 PM

Ngcheekeong336
the boss will take out the money say rm 27.5m and converted icps again ..at the same time he also use the converted ageson share to charge to investment bank to finance money put in his pocket ... he repeat this in few round final converted almost 800million ageson share at rm 0.145 value rm 120 milllion
06/07/2021 10:59 PM

Ngcheekeong336
how i know ...i am one of ageson senoir management staff

Posted by Ngcheekeong336 > 2021-07-06 23:10 | Report Abuse

byrigth after converted 800million share company should have at least rm 120m cash in hand .. but read his financial report see how much cash in hand

Posted by Tigger > 2021-07-06 23:12 | Report Abuse

Serious?
As per latest Annual Report the boss still holds 1021 million ICPS and no announcement of conversion since then. So far he only converted 40million shares - only once- mid last year.

Good try.

Posted by Ngcheekeong336 > 2021-07-06 23:31 | Report Abuse

before issue icps the compsny total share only share 400 million . as today 1262 million shares

Posted by scrown > 2021-07-07 06:13 | Report Abuse

So far market only left around 11% of icps under the hand of public shareholders. Someone who was converting icps with premium so much as I expected someone is waiting to subscribe icls (1:6) in future.

Posted by andytfyap > 2021-07-07 08:40 | Report Abuse

interesting, can anyone summarize the effect based on the latest info above?

Posted by Newuser777 > 2021-07-07 08:52 | Report Abuse

@andytfyap now u see my point? this group of people just keep saying the same thing, trying to hard sell this counter, whenever u raise a question they will just say u are a short sighted opportunistist who is a bad investor.

Posted by scrown > 2021-07-07 09:22 | Report Abuse

The 777 is good guy or bad guy? As per October 2020 indicated top 30 shareholders only have 400m shares n now 1.2b shares outstanding, who controls the balance of 800m? Around 2/3 of shares belong to someone. What if icls approved, any hostile takeover ? No wonder price keep pressing now. Too bad

Posted by unclecalvinchu > 2021-07-07 10:49 | Report Abuse

I think good points raised by Ngcheekeong336 but all your comments are on AGES. Can you also share a pdf / snapshot of the photo of the transactions? Actually it is not hard to churn a random set of numbers with an amount then include a usual client in transaction.

I.e.

Transaction number: 20210706092548742 - RM 50 Million to Najib Razak

Not trying to defame you but if you could upload any PDF proof would be neat!

Posted by unclecalvinchu > 2021-07-07 10:56 | Report Abuse

Also, the ICPS claim is incorrect. Dato' Sri Liew Kok Leong and Dato' Sri Chin Kok Foong had a total of 1,473,639,043 (prior to conversion as claimed by our friend above) or 35.14% direct interest and another 391,295,369 or 9.33% under Okay One Sdn. Bhd. as indirect interest by the company.

If you look at page 102 of the annual report, youl will also notice a company called Ukay Teraju Sdn. Bhd. which has 80,000,000 holdings of ICPS or 1.91%.

In conclusion, the boss still holding substantial shares of ICPS. So that means the converted are outsider - which could be anyone who are interested in the company.

Why bother so much p&d stuff why the company fundamental is solid lol? Just collect during low point.

Posted by Ngcheekeong336 > 2021-07-07 11:01 | Report Abuse

ageson..arbb. annum are same boss .. the bosses are repeating the same tactic to play the ipcs ......

Posted by baby snake > 2021-07-07 11:02 | Report Abuse

Still worth to buy @ this price ka?

Posted by dessmond1 > 2021-07-07 11:03 | Report Abuse

@Ngcheekeong336 that is a very serious offence you are talking about. Being invested into AGES for some time, I urge you to whistle-blow the whole incident. But if you are throwing out unreal allegations, then this is another very serious offence.

Please let us know your proof of whistle blowing and/or proof of your allegations.

Posted by dessmond1 > 2021-07-07 11:06 | Report Abuse

@
Ngcheekeong336 ageson..arbb. annum are same boss .. the bosses are repeating the same tactic to play the ipcs ......

Yes, their annual report had stated they are the same boss and fund raising via ICPS.

But what you claim is on another level of offence and I honestly hope you are not just throwing allegations as that is terrible.

Posted by dessmond1 > 2021-07-07 11:07 | Report Abuse

baby snake Still worth to buy @ this price ka?

I bought since 0.120.. still holding now and looking to average down more hahahaha

Posted by unclekyyisbest > 2021-07-07 11:23 | Report Abuse

Every seems very ganjiong on this and that, head bag head, all bleeding.

Chill la, guess everyone have the same concern only. (Share price), (the money that invested in) this two main key point.

By investing a VALUE stock, time will pay back. Just steady as Ages is a value stock.

Posted by Ngcheekeong336 > 2021-07-07 11:46 | Report Abuse

https://nothingtohidea93s0n.blogspot.com/2021/07/documents.html

Posted by dessmond1 > 2021-07-07 11:51 | Report Abuse

@Ngcheekeong336 Thanks for sharing, but I think these are just normal transactions? Nothing of sort of suspicious transaction ?

Posted by nimblecloud88 > 2021-07-07 11:59 | Report Abuse

Property sector could see 38% y-o-y increase in 2021 earnings from low base — UOB Kay Hian

KUALA LUMPUR (July 6): The Malaysian property sector is expected to see its earnings recover 38% year-on-year (y-o-y) in 2021 from a low base, with digitalisation efforts cushioning the impact of the various lockdowns implemented this year, according to UOB Kay Hian.

In a note, analyst Chloe Tan said there could be a short-term recovery rally towards the fourth quarter of the year (4Q21) when the country attains herd immunity and as the economy reopens.

She noted that developer earnings for 2Q21 and 3Q21 are expected to be sluggish amid the closure of sales galleries and a slowdown in loan processing.

“Property launches were also halted due to uncertainties. A double whammy came as all construction activities in [affected] Selangor and Kuala Lumpur areas were ordered to pause for two weeks starting July 3, 2021 following the enhanced movement control order (EMCO).

“Most developers’ construction sites were impacted, and this could delay progress billings in 2021. With the lockdown prolonged and tightened, we further slash our sector earnings forecast by 7% for 2021. However, we foresee a potential strong recovery in 4Q21 with a gradual economic reopening as evidenced in 1Q21,” Tan opined.

The analyst viewed that the recovery in earnings will be supported by a 9% increase in sector revenue, improved earnings before interest and tax (EBIT) margins and the inclusion of Mah Sing Group Bhd’s glove earnings. Also contributing to higher sector earnings would be a forecast RM64 million core profit for UEM Sunrise Bhd versus a core loss seen in 2020.

In 2022, Tan expects sector earnings to grow by 49% y-o-y given the catch-up in construction work.

“Importantly, asset monetisation activities could be a key theme for the year in a soft property market. This could include non-strategic land sales, stake sales of non-core businesses, etc,” she opined.

She believes that developers can better weather the storm through digitalisation efforts, noting that since the middle of 2020, property companies had been accelerating their digital transformation to digitalise the end-to-end property buying process without buyers’ physical presence.

This would serve to accelerate property sales conversion rates as well as improved margins for 2021 amid lower operating expenditure (opex), particularly cost savings from marketing and administration expenses given the wide adoption of online platforms, she added.

She stated that mortgage approval rates grew two percentage points month-on-month (m-o-m) to 36.4% in May, despite the partial lockdown, which was higher than the 32.6% a year prior.

“Notably, mortgage applications and approval value remained close to historical peaks by rebounding over 200% y-o-y. This continued to be driven by pent-up demand, low interest rates and the ongoing Home Ownership Campaign (HOC), and we believe it would shape up again when the economy reopens,” Tan added.

Tan maintained her “market weight” call on the sector, noting that in the near term, she expects the sector to trade sideways when developers report weak sales and earnings.

https://ceomorningbrief.theedgemalaysia.com/article/2021/0212/Home/8/575406

Posted by andytfyap > 2021-07-07 12:47 | Report Abuse

@Ngcheekeong336, May i know what happened to ARBB ICPS now? Are ikan billis making money or losing like hell?

Posted by Hazmi90 > 2021-07-07 13:13 | Report Abuse

@nimblecloud88 Can see that property sector will start recovery back. but there are still a tough times for property due to the recovery plan has been pushed back by the implementation of the lockdowns accompanying the National Recovery Plan. My personal opinion that 2Q21 and 3Q21 still a weak sign but guess for construction and property is a good sign to collect more during that period.

Posted by 240gpark > 2021-07-07 13:41 | Report Abuse

Snake- still worth to buy ? Make own study for and own decisions. Some comments too supportive and some over melted. Well, bad market, all keep blame . Good market , all cheer. Is a common sign in stock market

Arb-Instead of making confuse at this counter. Lol. Why not jump to another counted to get the answer correct.

nimble- Ageson still preferred pick on the sector which also have attractively price product offering and the capability to deliver sales and earning in the immediate terms

Posted by fable > 2021-07-07 13:58 | Report Abuse

Seems like the kayboard warrior hired by ex-management is here again, better save the money to hire better lawyer la hahahaha

Posted by jokurprg > 2021-07-07 14:05 | Report Abuse

below 10 sen range again this week, better reload some to average down if u guys can afford it

Posted by fable > 2021-07-07 14:11 | Report Abuse

Obviously just a blatant allegation without prove, if everything is real why not just sue the company instead of commenting at a public forum hahahaha

Posted by GuanYinMa > 2021-07-07 14:26 | Report Abuse

Nice. Ageson now have alot attention.

Posted by andytfyap > 2021-07-07 14:42 | Report Abuse

Compared to all the comments, i personally will side @Ngcheekeong's comments as they might be close to the truth, and thanks to Ng for highlighting such wonderful ICPS mechanism which can get the shares for free, my salute and also feel scary.

Posted by fable > 2021-07-07 14:44 | Report Abuse

Getting shares for free? Good luck to you man, if you believe someone who accuse without prove

Posted by rapparesh > 2021-07-07 14:57 | Report Abuse

andy,you might want to sue SC for allowing ICPS, so unfair to get free shares right? how can SC allow this to happen!!

Posted by aarowsiewkh > 2021-07-07 15:05 | Report Abuse

everything this counter got lots of negative comment, AGES price will go up hehehehe

Posted by andytfyap > 2021-07-07 15:12 | Report Abuse

@rapparesh
andy,you might want to sue SC for allowing ICPS, so unfair to get free shares right? how can SC allow this to happen!!

Not to this extent but I just emailed my complaint to SC, asking them to investigate, but not on AGES YET, but on the other counter that I suffered losses.

Hopefully it will create awareness to all investors ,and SC to tighten the loopholes ASAP.

As for AGES, yet to decide my next move.

Posted by fable > 2021-07-07 15:18 | Report Abuse

Nice logic bro, I suffer loses, better send complain email to SC. Now I understand the brain behind your comment.

Posted by andytfyap > 2021-07-07 15:25 | Report Abuse

LOL 200 shares traded at 0.105. More please

Posted by andytfyap > 2021-07-07 15:31 | Report Abuse

at lease should push up to 0.15 level to match with the recent conversions and make me look like a fool mah. Many others should be happy as they will be released from deadlock by then and i will be a bit sour for the sake of others, it is still worth it, LOL

Posted by 240gpark > 2021-07-07 15:53 | Report Abuse

Majority sour comment. Stand alone.

Posted by 240gpark > 2021-07-07 16:13 | Report Abuse

Free flow market should let the market share automatically flow.

Force pushing price won't bring any good impact at the end. This is how we categories Fundamental stock.

Posted by fable > 2021-07-07 16:22 | Report Abuse

converting ICPS will not push up the price, i think u need to study more first