steady la my friend, haha haha. price will consolidate at 1.10~1.20. let the shark built up strong support base first before shot up. tis round will be slow & steady. not like 1st round la, damn crazy monkey jump up & down. insider news, next QR earn more than 20 millions
@The_Reds Oh yeah! If the PTMP goes smoothly as originally planned, and TSAO decided to inject it into IUBB, this counter is going to fly like there's no tomorrow
Scientex affortable housing project push their price to RM8, hope the same for Ideal but need to pay dividend at the same time, not fair if only the owner gets it.
If you look at Mahsing number of shares, its nearly 2.5billion unit, while for scientex its nearly 0.5billion unit, and for Magna Prima its nearly 390 million, Ideal only has 106Million units, so great potential for Ideal
a good move by the big boss.. 1st they inject more assets into the company and get to increase their shareholdings thru the proposed acquisition 2nd they can maintain the public listing status thru proposed PP of 30% 3rd they can increase the liquidity thru proposed share split
although the EPS will be diluted, but it can be compensated by the potential earning from new assets injection
Haven't had the time to read through the whole announcement but what @The_Reds said seems to be correct. Also, the assets were purchased at close to book value.
@vivabursa your comment doesn't make sense because the directors are still going to end up owning 75% of the assets and not like ikon bills like us have to fork out anything also. Seems very positive to me!
Yeah, but profit will also increase substantially. Let me work it out tonight. Market cap only 130 million but they're injecting almost 3x that amount in assets at no cost to shareholders. @lukesharewalker, more than welcome to sell your shares to us! Anything below 1.15 we'll sapu. Just queue to sell only and we'll do the rest :)
the reason behind why the price drop from 1.70 to 1.10, already damn well explained from the announcement. haha haha. luckily sapu gao gao below 1.10. haha haha. those follow my advice to buy below 1.10 should thanks me
I wish this stock could fly too but to be honest i would have more confident in ideal if these proposals never came. Reason being 1. In the past few weeks, it's likely that share price was pressed down to lower share issue price. Everyman for himself i guess... Nothing wrong but this is not the leader i could trust anymore 2. If the proposals materialize, its effect on earning dilution is greater than benefits(with iqapex's formula of estimated earning = estimated gross profit / number of quarters)
i like my uncle datuk Ooi style. very much. haha haha. 2nd round is coming. next QR earn 20millions. price will shot up to 1.7 above. mark my word. believe it or not. better believe it. im no good in writing but very good in predictions.
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spygame007
1,462 posts
Posted by spygame007 > 2018-10-12 14:07 | Report Abuse
stupid fella