no...i m not familiar in this stock..as cytew mentiined soh chee wen..whosr was kamayan major shareholder ..but i dont know actually what happened from head to tail..need cytew to tell more..
I asked my Remisier, he says no bad news woh.... Maybe retail buyers panic, ppl throw they oso throw! May I suggest those who are holding LA to stay calm. Dun sell. See what happen in the afternoon.
oldfox now mamee also cannot find,i cant buy my gem 0.06 11/07/2014 09:27 --- u still holding LA? Keep yr gem la... In due time, after panic attack is over, will go up 1.... Keep cool. :).
Btw, check out Pensoni , today Sui Sui.... maybe u can find lunch there ;) . They say Raya stock wohhh... Buy & hold for abit. Kikikik... Trade at own risk....
This is the time to make big money, now LA is 0.065, 8 x LA can exchange for 1 mother, mother is now 0.585. 8 x LA = 8 x 0.065 = 0.520, you make 0.065 with every 8 x LA. The only thing you have to watch out is. if you buy and convert today, make sure that when the conversion is ready after 2 weeks, mother don't drop to below 0.520, that's all ! If you want to do it, to it fast ! See how many people are buying today ?
Oldman1010, if u want to help ppl who bot LA, pls cut n paste yr comments to Iretek- LA thread. Ppl r panicking, all selling cheap cheap tak tentu arah!
I've been saying all along....don't worry about the price right now...we are only SMALL investors... BUY the LA (CHEAP/CHEAPER/CHEAPEST and HOLD) when LA become few....the price will move UP due to law of "demand & supply"...let the big guys play with the pricing!!!
Executive Director Tey Por Yee was appointed to the Board of ITCB as an Executive Director on 30 May 2014. He obtained his Bachelor of Commerce, majoring in Business Administration and Finance from the University of Manitoba, Canada in 1998.
He is a Businessman and Venture Capitalist. He is one of the core founders of Nextnation Group of Companies, a diversified group in telecommunication, information technology, media and property investments. Mr. Tey’s investment focus is on emerging market especially Asia Pacific with special interest in technology, infrastructure and energy companies.
He is the Chairman and Executive Director of Wintoni Group Berhad. He is also a Director of Nextgram Holdings Berhad and Protasco Berhad. He does not have any family relationship with any directors and/or major shareholder of ITCB, nor any conflict of interest in any business arrangement involving the Company. He has had no convictions for any offences within the past ten (10) years.
what for 2 million contract? 2 million in 3 years, = RM 167k orders per Quarter, what margin? Can untung RM 30,000 per quarter for that contract? Sure meh? If really only earning 0.05 sen per share, what for that announcement?
"Iretex may become healthier and more cash rich if there are more & more people converting the LAs by surrending one LA plus RM0.525. So, unless the management team screws up, the company would likely perform better in the next 12 months and those long term LA holders could indeed be laughing to the bank eventually when the mother share goes up in due course. Time to tell" 29/06/2014 16:47
When Ire-Tex ICULS (Iretex-LA) and warrant (Iretex-WA) were first listed on June 16, confusion over the exercise and conversion terms of Iretex-LA created a big opportunity for arbitraging for the shareholders of Ire-Tex. While subsequent buying interest of Iretex-LA have narrowed the conversion discount of Iretex-LA, the ICULS is still trading at a much cheaper valuation than Iretex-WA.
Check the 1Qtr 2014 Accounts. Iretex has deposits and bank balances of R36 mil and short term debts of R24 mil. With the potential contribution of the LED lighting, this counter has great potential ! It's property and land investment also gives added value.
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....
Cweed
2,262 posts
Posted by Cweed > 2014-07-10 22:55 | Report Abuse
Cytew, n huh this Soh, good guy or bad guy? Wat he do?