IREKA CORPORATION BHD

KLSE (MYR): IREKA (8834)

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Last Price

0.37

Today's Change

-0.01 (2.63%)

Day's Change

0.355 - 0.37

Trading Volume

23,700


4 people like this.

442 comment(s). Last comment by futuressh 2 months ago

chia88

1,189 posts

Posted by chia88 > 2013-05-30 22:01 | Report Abuse

SELL!

benhctan

305 posts

Posted by benhctan > 2013-06-17 08:41 | Report Abuse

High flyer,limit up,good consideration.

anbz

5,163 posts

Posted by anbz > 2013-06-17 15:39 | Report Abuse

very fishy...latest result loss near 30 cents per share!!! if it's true.. good, if not...bursa memang sial

Surin

1,082 posts

Posted by Surin > 2013-06-17 19:25 | Report Abuse

directors collecting the share to give 'good' signal to the market.

AhPek

141 posts

Posted by AhPek > 2013-08-06 00:01 | Report Abuse

What are they up to. Thought it is worth 1.60?

Posted by jacksonchoo > 2014-06-03 09:21 | Report Abuse

worth to buy OR ?? anyone can give advice.

RENOUNCEABLE TWO-CALL RIGHTS ISSUE OF 56,957,350 NEW ORDINARY SHARES OF RM1.00 EACH IN IREKA CORPORATION BERHAD ("IREKA") ("RIGHTS SHARE(S)") TOGETHER WlTH 56,957,350 FREEDETACHABLE WARRANTS ("WARRANT(S)") ON THE BASIS OF ONE (1) RIGHTS SHARE WITH ONE (1) FREEWARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM1.00 EACH HELD IN IREKA ("IREKASHARE(S)") AS AT 5.00 P.M. ON 2 JUNE 2014, AT AN ISSUE PRICE OF RM1.00 PER RIGHTS SHARE, OFWHICH THE FIRST CALL OF RM0.65 PER RIGHTS SHARE IS PAYABLE IN CASH ON APPLICATION AND THESECOND CALL OF RM0.35 IS TO BE CAPITALISED FROM IREKA'S SHARE PREMIUM ("RIGHTS ISSUE WlTHWARRANTS")

benbeh87

83 posts

Posted by benbeh87 > 2014-06-17 11:10 | Report Abuse

worth?

investor99

733 posts

Posted by investor99 > 2014-07-30 08:15 | Report Abuse

私有化建議觸礁 股價下跌買進良機
財經幸運輪專欄27 Jul 2014 16:03
http://www.chinapress.com.my/node/546949

溫世麟-窩輪資本總執行長
www.warrants.com.my

私有化建議如果被少數股東否決,一般會導致股價下跌。這是因為有部分因為要參與私有化計劃的朋友或許感到失望而放棄持有相關股票。

這個現象曾經出現在今年私有化建議被推翻的億強工程(ZECON,7028,主要板建築)和毅成建築(IREKA,8834,主要板建築)。

億強工程的股價在私有化計劃被一位顯著股東推翻后,曾經從接近私有化價錢80仙水平跌倒60多仙。不過在進過一段日子后,該股已經成功上升超越私有化價並在90仙水平徘徊。

毅成機構的股價就因為該公司在通過每股90仙選擇性資本回退圖私有化失敗后進行附加股計劃,使得股價猛挫。該公司股價在私有化計劃建議后曾經在去年10月攀升到1.20令吉的水平。不過由于股東在附加股計劃只需付出65仙並獲贈1單位憑單,毅成機構的股價因此受到投資者套利,使得母股僅以62仙(截稿時)交易。認購附加股的朋友其實是付出65仙取得目前價位達到22仙的憑單(IREKA-WB),該母股和憑單總值是84仙。也算回到接近私有化價位。

資產值超股價

由于股價比大股東圖私有化的價錢跌了約三分之一,毅成機構目前提供價值投資者一個以廉價買進大股東認為該價值不止90仙的公司。雖然毅成機構在最近一兩年業績蒙虧,但其資產價值遠遠不止目前股價。

該公司的王牌是旗下持有23%的ASEANA產業。這家聯號公司目前在倫敦股票交易所主板上市。該公司市值目前達到9300萬美元(約3億令吉)。

不過ASEANA產業是一家有7年任命的公司。該公司在2015年需要征求股東意見是否要繼續。該公司目前股價只有0.44美元(約1.40令吉),比當年招股價低不少。最重要的是ASEANA產業的項目估價達2億7374萬美元(約8.7億令吉)。如果股東選擇不繼續,ASEANA產業將會逐步出售旗下資產並通過資本回退還給股東。

如果所有資本回退的話,毅成機構的23%股權應得約6300萬美元或相當于2億令吉。單單這個數目就是目前毅成機構市值的兩倍。這還不包括毅成機構其他資產。難怪大股東願意付出90仙把公司私有化。所以,私有化失敗股價重挫后進場的機會就在此。

investor99

733 posts

Posted by investor99 > 2014-07-30 09:15 | Report Abuse

ireka really under value?

masline

89 posts

Posted by masline > 2014-07-30 18:23 | Report Abuse

Rich valuation pending notice by crowd. If the objectives are i) trade for results ii) focus not to lose, grasp this opportuny RIGHT

alanleeky

430 posts

Posted by alanleeky > 2014-07-30 18:39 | Report Abuse

淡定有錢剩!睇定啲先好入巿

Posted by Thomas Hing > 2014-08-06 10:58 | Report Abuse

:D..

investor99

733 posts

Posted by investor99 > 2014-08-06 19:04 | Report Abuse

GOT BIG NEWS WILL ANNOUNCE?

Posted by Thomas Hing > 2014-08-11 16:11 | Report Abuse

:D... coming liao

investor99

733 posts

Posted by investor99 > 2014-08-12 02:21 | Report Abuse

alanleeky: 行输前头,惨过败家!

jepun_77

428 posts

Posted by jepun_77 > 2014-08-12 09:44 | Report Abuse

:)

Gji Gan

378 posts

Posted by Gji Gan > 2014-08-14 10:10 | Report Abuse

Mari mari hommmm

jepun_77

428 posts

Posted by jepun_77 > 2014-08-14 10:38 | Report Abuse

bile mau mau mari? @Gji Gan sudah tunggu ni...hehehee

Gji Gan

378 posts

Posted by Gji Gan > 2014-08-14 11:21 | Report Abuse

Kikiiii

jepun_77

428 posts

Posted by jepun_77 > 2014-08-14 14:33 | Report Abuse

@Gji Gan share with me if got news..hehehee

Gji Gan

378 posts

Posted by Gji Gan > 2014-08-14 16:04 | Report Abuse

This one no news la ,but u will find the answer at the chart , good luck

Gji Gan

378 posts

Posted by Gji Gan > 2014-08-19 16:17 | Report Abuse

0.8 bila mau hit, I sudah lama tunggu, ini orang tua slow betul~

windz1984

74 posts

Posted by windz1984 > 2014-08-29 15:21 | Report Abuse

Really is germ

Posted by Chong Kan Yik > 2014-09-01 19:15 | Report Abuse

yup, check it latest qr, u find the answer there and the stock they hold at london, another diamond~ price anytime shoot up, easy double the pice now.

Posted by vinsonkong76 > 2014-09-03 00:11 | Report Abuse

ireka own 23% of aseana properties limited listed in london stock exchange...

annsmith

239 posts

Posted by annsmith > 2014-09-03 11:40 | Report Abuse

u guys prefer enter at what price?

speakup

27,180 posts

Posted by speakup > 2014-09-03 11:43 | Report Abuse

good under-valued & under-researched counter

bmwm5

261 posts

Posted by bmwm5 > 2014-09-03 22:11 | Report Abuse

Once they sell off aseana, the price at least triple

Posted by vinsonkong76 > 2014-09-03 22:52 | Report Abuse

any link news on sell off aseana info

lching

1,404 posts

Posted by lching > 2014-09-07 17:02 | Report Abuse

the point is , will the company distribute the earning to shareholder?

bmwm5

261 posts

Posted by bmwm5 > 2014-09-07 20:38 | Report Abuse

So far aseana need to wait till 2015 then shareholder will decide whether to sell.

bmwm5

261 posts

Posted by bmwm5 > 2014-09-07 20:39 | Report Abuse

high chance there will be second round of privatalisation

Yoko

249 posts

Posted by Yoko > 2014-09-08 10:02 | Report Abuse

if move beyond 0.73, will test 0.82

Yoko

249 posts

Posted by Yoko > 2014-09-12 21:45 | Report Abuse

Coming lor

annsmith

239 posts

Posted by annsmith > 2014-09-22 10:11 | Report Abuse

lai liao lo

JbHotSpot

193 posts

Posted by JbHotSpot > 2014-09-24 17:55 | Report Abuse

Wow wonderful closing at highest price

weikang

17 posts

Posted by weikang > 2014-09-24 21:31 | Report Abuse

continue the momentum!!!

yoda88

499 posts

Posted by yoda88 > 2014-09-24 23:15 | Report Abuse

Ireka you won't be able to buy at 0.80 anymore soon.Still a good buy at this region.High posibilty it will announce explosive capital gains and the NTA is going to improve tremendously.Remember one can have the opportunity to grab the warrant as it moving cent to cent per mother share.Good stock for mid term play.

selamba

478 posts

Posted by selamba > 2014-09-25 06:38 | Report Abuse

i followw

selamba

478 posts

Posted by selamba > 2014-09-25 07:13 | Report Abuse

DJIA MELAMBUNG....KLCI IKUT SAMA MAAAA.........LIUT MALI

Yoon129

69 posts

Posted by Yoon129 > 2014-09-25 09:21 | Report Abuse

anyone know any good news for this counter?

trader8899

230 posts

Posted by trader8899 > 2014-09-25 10:16 | Report Abuse

Today's volume confirmed Ireka is trending up. Take position now at the current price of 79.5 sen. Weakholders are selling and smart monies are accumulating. Price was at 90 sen going into privatisation not too long ago. I believe another privatisation offer soon (12 months after the first offer).

1million

864 posts

Posted by 1million > 2014-09-25 11:39 | Report Abuse

Just join the ship.... Kikiki

zu1967

3,791 posts

Posted by zu1967 > 2014-09-25 11:43 | Report Abuse

Morale support. Kikikikikiki

Yoko

249 posts

Posted by Yoko > 2014-09-25 17:16 | Report Abuse

Listen to BFM headline dated 24 sept 2014 (above).
Ireka privatization at RM0.90 earlier failed.
Sold shares in Aseana Property (Listed in London) and will received RM200 million by next year.
Great potential. Uptrend.
Have investment (30%) in Vietnam, increased property development in Nilai etc.
NTAB RM1.09 as at 30-06-2014

t816b

131 posts

Posted by t816b > 2014-09-25 19:57 | Report Abuse

paoblocrk, why buy when you think it is overvalued?

trader8899

230 posts

Posted by trader8899 > 2014-09-25 20:49 | Report Abuse

The accumulation phase has started. It is time to join in and take position of the up trend that will continue till the announcement of the divestment plan of ASPL in 2015.

Ireka started strong at the opening bell. The price within minutes of opening hit 82 sen after taking cue from yesterday’s solid white candle closing. Like most trading days nowadays Traders reluctant to hold their position longer and starting to sell and made some profits from yesterday’s entry position. Price close at 77.5 sen down 1.5 sen from yesterday’s closing providing opportunity for investors to accumulate this stock at a bargain. This is a NO BRAINER INVESTMENT if one willing to keep it for 12 month or less and here is why? So we need more Traders turn into Investors.

ASPL already indicated that they are planning to sell ASPL in 2015. At current price ASPL is valued at RM 200 million, much more than the RM 113.6 million IREKA market capitalization. IREKA has also raised funds recently via rights issues and therefore the cash received from the sale of ASPL will more likely to be distributed handsomely back to the shareholders.

I am expecting at least a 50% or RM 100 million payout to shareholders. Share outstanding stood at 170.87 million. A whopping 59 sen payout. WOW!

So what will be IREKA left with after the sale of ASPL?

While, they still have over 65 acres of landbank in Klang valley and Nilai value at over RM 2 billion in Gross Development Value. Say 10% of GDV I would say the landbank alone has over RM 200 million plus an order book of RM 2 billion currently.

For a market capitalization of only RM 113 million this counter is ripe for a re-rating very very soon. So take position now. Ride with the TREND. Take note that the free float is only 33%.

1million

864 posts

Posted by 1million > 2014-09-25 22:33 | Report Abuse

Tomoro will up lar once finish accumulation.

trader8899

230 posts

Posted by trader8899 > 2014-09-26 09:21 | Report Abuse

Assuming from now on average volume of IREKA at 4million shares and 20% is bot for investment for this divestment plan. At 170 million shares outstanding and 33% free float only 50 million shares are available for trading. if 800K shares (20%HOLD startegy)) are bot daily for keeps then you will start to see the share available to trade dwindle drastically in less than 60 days. Time to accumulate if you dont have any borrrowed funds.

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