Posted by The_Reds > 2019-03-29 14:15 | Report Abuse

there will be no change in the value of warrant..no worry

Posted by PeacefulWarrior > 2019-04-03 09:12 | Report Abuse

https://www.thestar.com.my/business/business-news/2019/04/03/interest-in-penang-airport-expansion/

Posted by starcam > 2019-04-05 13:28 | Report Abuse

@Letsrock Really? I must have missed that. I only saw that the main stock is being split and there were no mention of the warrant. But if there is, that means the warrant price will be halved as well, but at what price? Did the circular mention that? Previously my understanding is that the warrant won't be split, and that the conversion rate to mother stock will be halved. Meaning that instead of 1 warrant convert to 1 RM1.00 mother stock, it becomes 1 warrant convert to 2 x RM.050 mother stock.

Posted by PeacefulWarrior > 2019-04-08 08:42 | Report Abuse

https://www.thestar.com.my/news/nation/2019/04/08/penangs-pil-and-lrt-to-go-ahead/

Limit up today?

Posted by Warn3r > 2019-04-08 15:25 | Report Abuse

“The SRS Consortium – a 60:20:20 joint venture involving Gamuda Bhd, Loh Phoy Yen Holdings Sdn Bhd and Ideal Property Develop­ment Sdn Bhd – is the project delivery partner, appointed by the state government overseeing the implementation of the PTMP.”

The PTMP carries a value of RM 46 billion. So IPG gets around RM 9.2 billion worth of it. After the corporate exercise to beef up IUBB’s size, can we expect the parent company to pass over some projects? Let’s say 5% share of that RM 9.2 billion, that’s RM 460 million. 0_o’! Is my expectation reasonable?

Posted by The_Reds > 2019-04-08 16:01 | Report Abuse

if it really happens, u might strike a jackpot in this counter

Posted by Warn3r > 2019-04-08 17:24 | Report Abuse

The timing seems too ngam to be coincidental. The whole exercise of IUBB buying 3 companies under IPG does nothing for IPG, they are well funded (given that they mostly fully sold their developments fast enough) for property projects of such scale. However, they would not be well funded enough to take on project size in the scale of RM 9.2 billion (IPG's share). For reference, IPG launched a total of roughly RM 3 bil worth of projects in terms of GDV in the whole of 2018.

Alex cannot be trying to buy over his own companies at a jacked up price because he himself, his wife and his associates hold most of IUBB shares (it would then be quite ineffective if the purpose was ill intended). Also, he would need to get at least RM 90+ mil for the private placement (should there be no conversion from warrant and preferred share). Investor with this kind of money would definitely need a compelling story from him, and most likely, knows his character.

So the maximum likelihood scenario is that, he is raising money to take part in PTMP.

I just noticed that he is always dressed humbly in the pictures. Cheap jeans and sneakers for someone who earns tens / hundreds millions each year, I am inclined to believe that his heart is in the right place.

Posted by The_Reds > 2019-04-10 20:11 | Report Abuse

TA looks good..

Posted by Penang456 > 2019-04-17 04:15 | Report Abuse

GE15 back to BN? RM 46 billion PTMP waste of money project people(working class) no benefit.

Posted by Penang456 > 2019-04-17 04:16 | Report Abuse

Why the LRT route must go to Bukit Jambul and Spice not Bayan Lepas factory if purpose is to alleviate traffic congestion?

Posted by Penang456 > 2019-04-17 04:22 | Report Abuse

Lim Chong Eu highway is where traffic jam occur daily not Bukit Jambul and Spice why LRT must go there? Factory workers will not use LRT and defeat its purpose to solve traffic jam.

Posted by chamlo > 2019-04-19 17:24 | Report Abuse

Putrajaya denies giving ‘okay’ to Penang’s reclamation proposal
https://www.themalaysianinsight.com/s/148808

Posted by nbs3356 > 2019-04-22 22:56 | Report Abuse

https://www.klsescreener.com/v2/news/view/519119

Posted by The_Reds > 2019-04-22 23:18 | Report Abuse

13% direct bizness off market transaction..new substantial shareholder will appear soon

Posted by Anon > 2019-04-23 12:22 | Report Abuse

No PP will issue this round.
Price will rocket soon.

Posted by anoym177 > 2019-04-23 12:31 |

Post removed.Why?

Posted by anoym177 > 2019-04-23 12:34 |

Post removed.Why?

Posted by anoym177 > 2019-04-23 12:37 |

Post removed.Why?

Posted by The_Reds > 2019-04-23 15:05 | Report Abuse

spygame is back..thank god..must welcome u with red carpet

Posted by Warn3r > 2019-04-24 08:11 | Report Abuse

Penang2030, thank you for deligently sharing relevant news here these days.

Hi all, does anyone understanding the implicit message underlying this off market transaction of some 13% shares? Looping in parties of interest before the PMTP?

Thanks.

Posted by The_Reds > 2019-04-24 09:25 | Report Abuse

somehow PTMP is not part of the asset of this listed company yet..I think we shouldn't get too obsessed with the news

Posted by anoym177 > 2019-04-24 10:32 |

Post removed.Why?

Posted by The_Reds > 2019-04-24 17:27 | Report Abuse

hopefully la..u can never guess what the big boss want to do

Posted by Warn3r > 2019-04-26 14:56 | Report Abuse

I thought they already showed the signs that they’re going to use IUBB for this purpose...

https://www.thestar.com.my/business/business-news/2019/04/03/interest-in-penang-airport-expansion/

Posted by anoym177 > 2019-05-02 13:01 | Report Abuse

they are not going to inject ptmp to this company, so please stop dreaming...

Posted by The_Reds > 2019-05-02 13:38 | Report Abuse

It's true..PTMP is like a money making machine, u think boss want to share it with u ah

Posted by The_Reds > 2019-05-02 15:44 | Report Abuse

Surprisingly Ideal is in the list of RHB 20 Jewels 2019 Edition..wow

Posted by Warn3r > 2019-05-03 09:52 | Report Abuse

Just to share my thoughts, nobody knows for sure what is to come but we can put together the pieces andform a view:

1. Why did TSD Ooi and PSD Phor revamp IUBB at all in the first place? They have a much much larger privately owned company running profitably.

2. Why did they inject any asset into (I-Santorini, etc) IUBB? They could have reaped 100% of the profit from these projects.

3. Why did they further inject 3 more companies into IUBB? At this scale they still have sufficient capital. Instead of getting the profits in cash over 3-5 years in tens to hundreds of millions. They exchanged it for more shares (the max % allowed) in IUBB. Think about it, holding 74.98%, they can’t really dispose them can they?

4. They got the latest tranche of shares at RM 1.00 / share. They just disposed 24.8 million shares at RM 28 mil (RM 1.129 per share) immediately. If you had RM 28 mil, would you buy this many shares at this price given the current sentiment towards property segment, when the current share price is around that purchase price and when the owner got it around 13% cheaper? You think they sold these investors the plain vanilla story of building and selling new condo’s?

Well. We’ll see... btw ewein suddenly surged like no tomorrow. What happened?

Posted by Warn3r > 2019-05-03 10:04 | Report Abuse

I’d like to see the good in ppl. I think they are genuine and they need capital to take on large projects. I also think RM 1.13 is a steal for those who knows the future plans. Too bad I know nothing. =\

Posted by anoym177 > 2019-05-03 19:38 | Report Abuse

Seriously if you want to see the "good" in ppl, you can consider to visit buddhist temple, I'm sure there are lots of good monks there

Posted by Warn3r > 2019-05-04 07:36 | Report Abuse

Me seeing the good in ppl is a notion that I see the good in ppl I meet. It is a very different animal from wanting to find good ppl to see... They are totally irrelevant.

The difference between us is. I’m saying what I see and I want to do, and you’re prescribing how I should see and what I should do.

And the difference between you and a rapist is, rapist uses physical force and you use mental. Do I not have my right to decide what I want to believe, think or do? Must you constantly attack me for having my own view?

What is so wrong with you that you can’t have the most basic form of respect? Do you think because it’s internet you feel that it’s okay to attack ppl?

It feeds back into the community we all live in. You form part of the community. What you inject into it, you live in it too. I know our nation isn’t the most matured one, in many aspects. But if each of us do our small part, it will be a better place gradually.

So pls start by posting responsibly. If you disagree with my points, you can raise your counter arguments. There’s no need to personal attack. After all, it only hurts yourself. I just need to leave this forum and ignore you. But you would need to live your life with that attitude which will affect your family, your work, your spouse, your kids, your friends, etc...

I wrote this with good intentions. Your very next action could be the first step into a better direction, or simply a reaffirmation to a continual self destruction. I truly believe that our thoughts and choice of words attract liked minded ppl and happening of events.

I have nothing to prove.

Maybe when you reach 80 years old, you can prove me wrong by saying that your friends, colleagues, wife and kids all led very healthy and happy lives with your constant sarcasm and personal attacks. And I would still just smile and say ‘good for you’.

Posted by Warn3r > 2019-05-06 08:50 | Report Abuse

“1.13 is not a steal, old man warn3r.... please keep in mind that you never fork any cent out for the company acquisition, it is the company boss who fork lots of money out for the company acquisition.... 公司老板付出的时候你在哪里？

What I trying to express is there are lots of sharks in stock market, don't expecting every person is a good person...”

Again, before I started my post I mentioned that nobody knows what the future holds and what I wrote are my views. But you can always call out ppl’s comments, without any points or facts, just ‘announced’ that others’ views are wrong.

I’m not old btw. And I don’t even know why you have to keep pulling irrelevant arguments in your statements. I might be younger, but I’m sure you’re not the more matured minded person.

I was not there when the shares changed hands. That is true. But have you thought about the fact that you were not there too? I came out with a series of points why I thought things can improve from here on.

So while both of us were not there. I have a few points to support my belief. You had no points but personal attack just because you have different opinions. What the F is wrong with you? So how could you possibly know that it’s not a steal so sure? At least I said those ppl who bought might know more. You just decided that there can be nothing more and that you are all-knowing.

You ‘wanted’ to say that market is a dangerous place. Thank you for warning me. But what you said instead was asking me to go find monks in temple, which again, is juvenile.

I really dislike ppl who use forum as their personal platform to release unhappiness from work or relationships. Anoym177, can you bring your life issues somewhere else please? Most if not all of your posts here contain no news or information about the company. How are you better than the previous guy you were so upset with?

To everyone else, I’m sorry for the lengthy posts. I’ll stop responding to personal attack and only post when it’s related to this company.

Posted by Warn3r > 2019-05-06 09:53 | Report Abuse

In Africa, victims of rape are laughed at when they report the incidents to police because the community thinks they broadcast the shame they bring to their families. It’s rather sad when ppl does not have basic ability to judge right from wrong, too much ego to see their own fault and blame it on the environment / reality.

Logic wise, just because it’s a simple sentence doesn’t mean that it cannot be a personal attack. For example, ‘F you’ short but personal. Another point, just because I pointed out that you have no manners in your speech, it does not mean that I am fragile. Again, you keep bringing up random arguments and I don’t see the relevance. There are many flaws in your logic and flow...

Sorry I promised to ignore juvenile comments. Let’s start a new leaf.

Property overhang in Penang has reduced in 2018.

https://www.theedgemarkets.com/article/penang-sees-drop-property-overhang

Posted by anoym177 > 2019-05-06 09:54 | Report Abuse

Omg....just a simple sentence and you said it is a personal attack, can you stop being a cry baby? I learn something new today, reality is personal attack

I never saw a fragile person just like you.... 你是不是每天给你的朋友和身边的人称赞惯了？一句话就弄到你那么难受

Posted by Anon > 2019-05-06 10:31 | Report Abuse

Guys, pls stop fighting.
Pls follow my target price
Mother RM1.85

Thanks

Posted by anoym177 > 2019-05-06 10:43 |

Post removed.Why?

Posted by chamlo > 2019-05-14 11:34 | Report Abuse

IJM, Sunway, WCT and Muhibbah in focus as construction outlook improves
Read more at https://www.thestar.com.my/business/business-news/2019/05/14/ijm-sunway-wct-and-muhibbah-in-focus-as-construction-outlook-improves/#hDRVsqZHkOoRCG3q.99

Posted by Choon Kong > 2019-05-14 22:53 | Report Abuse

When is upcoming quarterly report?

Posted by $$$< GOODLUCK >$$$ > 2019-05-14 22:57 | Report Abuse

tomorrow chase and buy.

Posted by optimusprime88 > 2019-05-16 14:21 | Report Abuse

this stock no hope la

go other counter la

Posted by anoym177 > 2019-05-17 11:16 |

Post removed.Why?

Posted by chamlo > 2019-05-17 13:08 | Report Abuse

Look to Singapore, not KL, for PTMP
https://www.freemalaysiatoday.com/category/opinion/2019/05/17/look-to-singapore-not-kl-for-ptmp/

Posted by optimusprime88 > 2019-05-17 15:23 | Report Abuse

sohai Anon diam la
we all know u are the cheater

Posted by optimusprime88 > 2019-05-17 15:27 | Report Abuse

look like someone keep unload his share

good luck

Posted by anoym177 > 2019-05-17 16:20 |

Post removed.Why?

Posted by anoym177 > 2019-05-17 16:25 |

Post removed.Why?

Posted by chamlo > 2019-05-20 16:26 | Report Abuse

45 NGOs back petition urging PM to cancel Penang reclamation project
https://www.malaysiakini.com/news/476778

Posted by optimusprime88 > 2019-05-21 15:59 | Report Abuse

Bad news!

Posted by optimusprime88 > 2019-05-22 17:50 | Report Abuse

aiya, this counter even good results also wouldn't go further la

Posted by optimusprime88 > 2019-05-23 10:24 | Report Abuse

luckily i never buy this counter

wakakakaka