IRIS CORPORATION BHD
KLSE (MYR): IRIS (0010)
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Last Price
0.08
Today's Change
0.00 (0.00%)
Day's Change
0.075 - 0.085
Trading Volume
20,455,800
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
76 people like this. Showing 50 of 45,491 comments
But it is also possible ask for goreng then cancelled the corporate exercise like what they did previously haha
2 months ago
Lolz..Iris still a growing stage company in its industry as population getting wealthier and educatd. Don't expect mich on the dividend if they have project to expand their business. Tight cashflow will only make them continuously right issue or pp only.
2 months ago
Capital reduction & consolidation to cancel off accumulated losses. After this cleaning exercise, Iris can declare dividend already
2 months ago
this is what chatGpt comments on Capital reduction and consolidation. Trade at your own risk.
Capital reduction and consolidation are two financial strategies used by listed companies to manage their capital structure and improve various financial metrics. Let's take a closer look at the benefits of each:
Capital Reduction:
Capital reduction involves decreasing the nominal value of a company's shares or reducing the share capital. This can be done for various reasons, and some of the benefits include:
Debt Reduction: A company may use capital reduction to reduce its debt burden. By decreasing the share capital, the company can repay some of its debts, improving its financial position and reducing interest expenses.
Increased Solvency: Capital reduction can strengthen a company's financial position, making it more solvent and less risky. This, in turn, can enhance investor confidence and attract more investment.
Improvement in Financial Ratios: Capital reduction can lead to an improvement in various financial ratios, such as debt-to-equity ratio and earnings per share (EPS). This can make the company more attractive to investors and potentially lead to an increase in the stock price.
Enhanced Dividend Payout: With reduced capital, the earnings of the company are distributed among a smaller number of shares, which can increase the earnings per share (EPS). This may result in a higher dividend payout per share to shareholders.
Consolidation (Reverse Stock Split):
Consolidation, also known as a reverse stock split, involves reducing the number of outstanding shares while increasing the share price proportionally. Some of the benefits of consolidation include:
Share Price Increase: By reducing the number of shares, the company's stock price per share increases. This can make the stock appear more valuable to investors, potentially attracting a broader range of shareholders.
Regaining Compliance: Companies with low stock prices may face delisting from stock exchanges due to non-compliance with exchange listing requirements. Consolidation can bring the share price back above the minimum required level, helping the company maintain its listing status.
Perceived Market Stability: A higher share price resulting from consolidation may create a perception of greater stability and financial health for the company, especially among retail investors.
Liquidity Improvement: Consolidation may increase the stock's liquidity by attracting institutional investors who typically have minimum price requirements for investing in a company's shares.
It is essential to note that while capital reduction and consolidation can offer these benefits, their implementation should be well-planned and in line with the company's financial objectives and shareholder interests. Additionally, the success of these strategies depends on various factors, including the overall market conditions and the company's specific financial situation. Before implementing any of these actions, companies should consult with financial advisors and consider the potential implications on their business and stakeholders.
2 months ago
Trade at your own risk. It will dilutes your share value more once consolidated
2 months ago
If want buy, wait it consolidated first then slowly it will drop even 2x lower than it's consolidated price only thinking collecting it.
2 months ago
https://www.nst.com.my/business/2023/08/942894/rm112bil-niise-contract-terminated-iris-seeks-legal-advice
so good or bad news this time...
1 month ago
hopefully they won penalty from govermnent for termination of contract out of political reason. I personally think that they should sack the saifuddhin, terrible performance
1 month ago
Share consolidation..and now the project termination... That would be huge blow. Buying opportunity at 0.025-0.035
1 month ago
lol 0.025, dream la, let's see tomorrow market action then know, although i also prepare this counter may not be profitable then loss, hope another round of goreng, haha
1 month ago
Why the ex government can award billion project to incompetence company resulting project termination?
This is not wasting of money but time for retender the project taking long time
1 month ago
0.025 dream? The impact of a 1B project is not just lost on earning. It could well impact their ability to repay debts and get capital for new projects. And their likely court case with government would likely takes years. Meaning more cash needed. The share consolidation would be another huge blow to the share. 0.025 might not achieved tomorrow..but in the run towards the share consolidation dateline, yes it will be.
1 month ago
The HSR project retender again which incured higher construction cost and longer time.
Hopefully, PH can stop the nonsense and move faster to roll out the project
1 month ago
Imagine creditors of the NIISe projects will surround iris office demanding payment.
1 month ago
Unbelievable! May 24 extended the contract by 1 year and then Aug 14 termination....what happened??
1 month ago
Home minister should explain on the extension in the 1st place. It wasted more tax payer money.
Regardless what, iris is in deep shit tmr..their office will be surrounded by creditors demanding for payment. Already struggling for cash flow and debts.
1 month ago
because they lose malay vote, so PH want to sue PN for award project with bribery, haha
1 month ago
since long times ago already said the only Iris earns money is private placement ask for more money from investor, nothing else
1 month ago
projek tentang menantu bekas PM dah terminated dah insya allah :)
https://www.msn.com/en-my/money/topstories/iris-says-niise-contract-with-home-ministry-terminated-with-immediate-effect/ar-AA1ffAFD?ocid=msedgdhp&pc=U531&cvid=1e75596df1dc48f5b1ddba060755a788&ei=123
1 month ago
PMX jaguh penentang rasuah.... 4-5 tahun akan datang dari sekarang perasuah2 boleh gulung tikar haha
1 month ago
Seem like market dun think it is so bad at all, still got chance for goreng again?
1 month ago
Ph just lose court case against maiyuddhin, very high chance they will lose court case from IRis also,wakaka,
1 month ago
Hahahaha mau short cut pergi pasang cable tengok sudah ada problem besar, Wakaka
1 month ago
Only hope they don't default debts. If yes there would fall into PN17 and risk delisting. They very obvious struggling with debts and cash flow issue. Now without 70 cash from sale of the company that got the Project. That is huge blow
1 month ago
???? apa slander ni? iris has net cash of rm90 mil! Net cash = cash less off liabilities
1 month ago
So with so healthy balance sheet, why need to sell 80% of the NIISe for just 70m? Now without this 70m, without the project, all the expenditure spent on this project, how big the impact on their cash flow? Not to mention the court case against government would be burning money too
1 month ago
KDN tamatkan kontrak Iris sekat Mafia Korporat ambil alih Projek NIISe Jabatan Imigresen?
https://thecorporate-secrets.com/blog/2023/08/23/kdn-tamatkan-kontrak-iris-sekat-mafia-korporat-ambil-alih-projek-niise-jabatan-imigresen/
1 month ago
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In short, the fundamental nothing change unless the business is growing the future again. Then such corporation exercise only find it's meaning
2 months ago