there's property and tourism. both. nowadays cannot just rely on one business after this pandemic. look at many plcs, they are diversified into other business too. but property is also in the recovery sector... good outlook for the next few years.
I think is good strategy diversifying into development of resort based properties biz...Post pandemic era, less people would travel overseas due to all sorts of uncertainty, so that resort tourism will gain most attention as local people will travel within Malaysia...and if this counter keeps showing positive Profit for upcoming quarters, I think it will slowly rising to it's precovid level...The return will be very good if you believe in recovery of tourism industries...
And I guess, just my opinion, not a buy call or sell call, the worst is already over for this counter, if it gets through, it will rebound...as far as I know, this is the only resort based counter in Bursa...
It was more than 25 sen a share before COVID...so you can bet what is the return if it recovers strongly during Post COVID era.
Disclaimer: Just my opnion, not a sell call or buy call. Invest on own risk.
Now, the price is at rock bottom already. Good value for investment. If you got extra 3,can buy some and waiting the price going up. I don't comment the target price. BUT at least can reach 70%of pre Covid19 price.
Please be patient. 0.080 still strong and good support. Tourism related stock may move slowly. Let wait for the budget 2022 and see whether any good news to tourism industry. Anyhow, will see this stock up moving to its pre-covid stock price by Q1 in year 2022. The price will break 0.12 by end of 2021. Patient will give fruitful returns.
Impiana and Ramssol collaborate in relation to Human Resources Development Corporation Training. how does the collaboration work. Ramssol provide the full and complete process of each HRD Corp Training for all Target Clients; Ramssol engage Impiana as its exclusive HRD Corp Training venue, facilities and F&B services partner for Target Clients procured by Impiana . Impiana shall procure Target Clients (for HRD Corp Trainings) and provide the necessary locations/venues and facilities for RAMSSOL. The venue of the training shall take place at any of the 3 hotels owned/managed by Impiana only in Kuala Lumpur, Ipoh and Senai. the net profit sharing is 70% by Ramssol, 30% by Impiana.
PRIVATE PLACEMENT OF UP TO 20% OF THE SHARE CAPITAL OF IMPIANA TO INDEPENDENT THIRD PARTY INVESTOR(S)
On behalf of the Board, M&A Securities is pleased to announce that the Company has fixed the issue price of the new ordinary shares in Impiana to be issued pursuant to the Private Placement at RM0.07 per Placement Share.
The aforementioned issue price of RM0.07 per Placement Share represents a discount of approximately RM0.0077 or 9.91% to the 5-day weighted average market price of Impiana Shares from 26 October 2021 to 1 November 2021 of RM0.0777.
IMPIANA HOTELS BERHAD ("IMPIANA" OR "THE COMPANY") - PN17 RELIEF MEASURES RESULTING IN IMPIANA TRIGGERING SUSPENDED CRITERIA BUT NOT CLASSIFIED AS A PN17 LISTED ISSUER
The Company wishes to announce that it has triggered the Prescribed Criteria of paragraph 2.1(e) of Practice Note 17 ("PN17") pursuant to paragraph 8.04(2) of the Main Listing Requirements ("MMLR") where the Company’s external Auditors, Messrs Moore Stephens Associates PLT have highlighted a material uncertainty related to going concern in the Company’s Audited Financial Statements for the financial year ended 30 June 2021 and its shareholders’ equity deficit of RM41.596 million as at 30 June 2021 is less than 50% of its share capital of RM456.230 million.
Therefore, pursuant to the above, Impiana will not be classified as a PN17 listed issuer and will not be required to comply with the obligations pursuant to Paragraph 8.04 and PN17 of the MMLR for a period of 18 months from the date of triggering the criteria. The Company will re-assess its condition and announce whether it continues to trigger any of the criteria upon the expiry of the 18 months from 29 October 2021.
FUND RAISING VIA SHARE ISSUANCE TO PRIVATE PLACEMENT
Types of corporate proposal Private Placement Details of corporate proposal IMPIANA HOTELS BERHAD ("IMPIANA" OR "COMPANY") PRIVATE PLACEMENT OF UP TO 20% OF THE SHARE CAPITAL OF IMPIANA ("PRIVATE PLACEMENT") No. of shares issued under this corporate proposal 11,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0700 Latest issued share capital after the above corporate proposal in the following Units 1,394,339,082 Listing Date 15 Nov 2021
==================================== PRIVATE PLACEMENT OF UP TO 20% OF THE SHARE CAPITAL OF IMPIANA
Expect more shares issuance up to 20 %
Total issued shares 1,394,339,082 will increase further
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....
Posted by BilisPedas > 2021-09-22 15:01 | Report Abuse