Posted by Investgaogao > 2 months ago | Report Abuse

In short, the fundamental nothing change unless the business is growing the future again. Then such corporation exercise only find it's meaning

Posted by Investgaogao > 2 months ago | Report Abuse

But it is also possible ask for goreng then cancelled the corporate exercise like what they did previously haha

Posted by Michael R. > 2 months ago | Report Abuse

Shares cut.. holders lost it..

Posted by Michael R. > 2 months ago | Report Abuse

More pain as consolidation 4 1 coming next.. what if PP ESOS SIS later?

Posted by pineapple123 > 2 months ago | Report Abuse

Matiiiiiiii!

Posted by Muhamad Huzaili Huzman > 2 months ago | Report Abuse

what happen????

Posted by hhhiii123 > 2 months ago | Report Abuse

Waiting for dividend declared, it is a cash owed company now

Posted by Investgaogao > 2 months ago | Report Abuse

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.

Posted by speakup > 2 months ago | Report Abuse

Capital reduction & consolidation to cancel off accumulated losses. After this cleaning exercise, Iris can declare dividend already

Posted by Kongkalikong > 2 months ago | Report Abuse

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.

Posted by CincaiBuy > 2 months ago | Report Abuse

Trade at your own risk. It will dilutes your share value more once consolidated

Posted by Goodprofit > 2 months ago | Report Abuse

later drop again and than right again

Posted by CincaiBuy > 2 months ago | Report Abuse

If want buy, wait it consolidated first then slowly it will drop even 2x lower than it's consolidated price only thinking collecting it.

Posted by tklim > 2 months ago | Report Abuse

SELL 0.06
Target1: 0.05
Target2: 0.04
Target3: 0.02
Target4: 0

Posted by leospirit > 1 month ago | Report Abuse

Target 5, ½ sen naik sikit

Posted by hhhiii123 > 1 month ago | Report Abuse

https://www.nst.com.my/business/2023/08/942894/rm112bil-niise-contract-terminated-iris-seeks-legal-advice

so good or bad news this time...

Posted by speakup > 1 month ago | Report Abuse

Expected since they wanted to dispose NiiSE

Posted by hhhiii123 > 1 month ago | Report Abuse

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

Posted by GoldenBull66 > 1 month ago | Report Abuse

Share consolidation..and now the project termination... That would be huge blow. Buying opportunity at 0.025-0.035

Posted by hhhiii123 > 1 month ago | Report Abuse

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

Posted by pang72 > 1 month ago | Report Abuse

How much it can drop from 8.5c?
Really can not touch old folk VT stock.

Posted by pang72 > 1 month ago | Report Abuse

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

Posted by GoldenBull66 > 1 month ago | Report Abuse

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.

Posted by pang72 > 1 month ago | Report Abuse

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

Posted by GoldenBull66 > 1 month ago | Report Abuse

Imagine creditors of the NIISe projects will surround iris office demanding payment.

Posted by pang72 > 1 month ago | Report Abuse

45c drops to 8.5c within 3 years..
I fainted lo

Posted by Peace99 > 1 month ago | Report Abuse

Unbelievable! May 24 extended the contract by 1 year and then Aug 14 termination....what happened??

Posted by GoldenBull66 > 1 month ago | Report Abuse

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.

Posted by hhhiii123 > 1 month ago | Report Abuse

because they lose malay vote, so PH want to sue PN for award project with bribery, haha

Posted by flytothemoon > 1 month ago | Report Abuse

since long times ago already said the only Iris earns money is private placement ask for more money from investor, nothing else

Posted by Good123 > 1 month ago | Report Abuse

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

Posted by Good123 > 1 month ago | Report Abuse

pengarah2 yg bagi rasuah mungkin dijelkan juga... seronoklah

Posted by Good123 > 1 month ago | Report Abuse

PMX jaguh penentang rasuah.... 4-5 tahun akan datang dari sekarang perasuah2 boleh gulung tikar haha

Posted by Good123 > 1 month ago | Report Abuse

Janji PMX, i will fight them hard, sedang ditunaikan ... Paling Best

Posted by hhhiii123 > 1 month ago | Report Abuse

Seem like market dun think it is so bad at all, still got chance for goreng again?

Posted by Good123 > 1 month ago | Report Abuse

shortselling pun boleh berlaku ... berwaspada semua

Posted by greatbattles > 1 month ago | Report Abuse

so i guess the sale of the subsidiary wont happen as well?

Posted by GoldenBull66 > 1 month ago | Report Abuse

Wow. Able to sustain. Let's see when they going to default debts

Posted by hhhiii123 > 1 month ago | Report Abuse

Ph just lose court case against maiyuddhin, very high chance they will lose court case from IRis also,wakaka,

Posted by rainman777 > 1 month ago | Report Abuse

Hahahaha mau short cut pergi pasang cable tengok sudah ada problem besar, Wakaka

Posted by hhhiii123 > 1 month ago | Report Abuse

So sad, hope it is another aax, else can only wait many years...

Posted by GoldenBull66 > 1 month ago | Report Abuse

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

Posted by speakup > 1 month ago | Report Abuse

???? apa slander ni? iris has net cash of rm90 mil! Net cash = cash less off liabilities

Posted by GoldenBull66 > 1 month ago | Report Abuse

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

Posted by xiaogumin88 > 1 month ago | Report Abuse

PN17 soon

Posted by flytothemoon > 1 month ago | Report Abuse

no money ma private placement lo, every year also doing that way

Posted by haziqaz > 1 month ago | Report Abuse

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/

Posted by hhhiii123 > 1 month ago | Report Abuse

Wo, Dr poh promotion, can he save iris from losing government contract, hmm

Posted by speakup > 4 weeks ago | Report Abuse

https://theedgemalaysia.com/node/680871

Posted by dem777 > 6 days ago | Report Abuse

Con counter to generate cash for political survival