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0.075   -0.005 (6.25%)  0.075 - 0.08  367,500
2,449 comment(s). Last comment by freddiehero at Jan 16, 2020 4:15 PM
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Superb99
4128 posts

Posted by Superb99 > Nov 19, 2019 1:10 PM | Report Abuse

slowly drops by 1/2 cent day by day like kena poison, downtrend counter


flexibt
346 posts

Posted by flexibt > Nov 21, 2019 6:57 PM | Report Abuse

Another Round!

MATERIAL LITIGATION IKHMAS JAYA GROUP BERHAD ("IJGB" OR "THE COMPANY") - KUALA LUMPUR HIGH COURT SUIT NO: WA-22C-64-08/2018 IKHMAS JAYA SDN BHD ("IJSB" OR "PLAINTIFF") VS ASM DEVELOPMENT (KL) SDN BHD ("ASM" OR "DEFENDANT")


JN88
9896 posts

Posted by JN88 > Nov 21, 2019 7:36 PM | Report Abuse

Round your head.... This round court give back ikhmas RM 11.6m


JN88
9896 posts

Posted by JN88 > Nov 21, 2019 7:36 PM | Report Abuse

I'm waiting the RM80m


Mabel
4922 posts

Posted by Mabel > Nov 22, 2019 12:32 AM | Report Abuse

It's time to change all the directors.

What are they doing?


TrendLai
99 posts

Posted by TrendLai > Nov 22, 2019 10:52 AM | Report Abuse

PN !7
Send the directos to wash toilets for Econpile


Superb99
4128 posts

Posted by Superb99 > Nov 22, 2019 5:10 PM | Report Abuse

Closed at 0.085...poor counter


Michael Kwok
1234 posts

Posted by Michael Kwok > Nov 24, 2019 5:59 PM | Report Abuse

Please read.Anzo first at 3 cent.Ikhmas Jaya later.

Posted by Michael Kwok > Nov 15, 2019 9:12 PM | Report Abuse X

5-6 cents can.I prefer Anzo. Different is Anzo balance sheet on look quite clean.Ikhmas look going from bad to worst due to cost overrun and law suit(many).Prefer Anzo


flexibt
346 posts

Posted by flexibt > Nov 25, 2019 7:05 PM | Report Abuse

One more solved.


MATERIAL LITIGATION IKHMAS JAYA GROUP BERHAD DALAM MAHKAMAH TINGGI SHAH ALAM WRIT SAMAN NO: BA-22NCVC-378-09/2019 SYARIKAT LOGAM UNITRADE SDN BHD (the Plaintiff) vs 1. IKHMAS JAYA SDN BHD (IJSB OR THE 1ST DEFENDANT) 2. IKHMAS JAYA GROUP BERHAD (IJGB OR THE 2ND DEFENDANT)
IKHMAS JAYA GROUP BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description IKHMAS JAYA GROUP BERHAD

DALAM MAHKAMAH TINGGI SHAH ALAM WRIT SAMAN NO: BA-22NCVC-378-09/2019
SYARIKAT LOGAM UNITRADE SDN BHD (the Plaintiff) vs
1. IKHMAS JAYA SDN BHD (IJSB OR THE 1ST DEFENDANT)
2. IKHMAS JAYA GROUP BERHAD (IJGB OR THE 2ND DEFENDANT)
Further to the announcement dated 6 September 2019, the Board of Directors of IJGB wishes to announce that the 1st defendant had on 22 November 2019 entered into a Settlement Agreement with the Plaintiff for the settlement of the balance of the amount owing by the 1st defendant of RM10,939,431.36 to the Plaintiff as at 31 October 2019 (“Outstanding Sum”) and the continuing additional late payment charges and additional back-charges for scaffolding supplied, the latter which amounts to RM429,706.50.



The settlement of the amount owing will be made partly in cash and in kind by the transfer of an equivalent of 8.46 square feet service apartments in Damai 88 valued at RM1250 per square foot for an amount of RM10,575,000.00.



Please refer to the attachment for further information.



This announcement is dated 25 November 2019.


TrendLai
99 posts

Posted by TrendLai > Nov 25, 2019 9:39 PM | Report Abuse

Who's the developer for Damai 88, how many apartments Ijsb own??


Peter2357
271 posts

Posted by Peter2357 > Nov 26, 2019 6:57 PM | Report Abuse

so far i check in FY 2018 audited ac, Ikhmas owns 5 units of Condominiums Damai 88.
More units coming soon as part of the settlement pending court case.


Peter2357
271 posts

Posted by Peter2357 > Nov 26, 2019 7:05 PM | Report Abuse

Ikhmas Jaya was listed in 2015 at an offer price of 57 sen
It is a piling specialist construction and there are only a few of these highly expertise companies in Bursa.
It’s involved in bridges highways LRT etc.
Preesently it has total job contracts of more than Rm 800M in hand .
Though it has a number of legal cases pending,
it has managed to settle quote a few during the last few months.
I beleive it will make a comeback.


TrendLai
99 posts

Posted by TrendLai > Nov 27, 2019 9:53 PM | Report Abuse

Any progress from AJ design?? this help .


Superb99
4128 posts

Posted by Superb99 > Nov 28, 2019 11:56 AM | Report Abuse

speechless....


leekokshen
66 posts

Posted by leekokshen > Nov 29, 2019 9:47 PM | Report Abuse

In Chinese way, their QR is very Ong...Can shareholder vote to potong Director's salary?


flexibt
346 posts

Posted by flexibt > Nov 29, 2019 10:24 PM | Report Abuse

from QR

Ikhmas Jaya Sdn Bhd (“IJSB”) (“Plaintiff”) vs DJ Design & Suppliers (“Defendant”).
Kuala Lumpur High Court Writ of Summons (“Writ”) No. WA-22NCVC-394-06/2019.


The Court had fixed the matter for case management on 6 September 2019. The case had
been adjourned to 30 October 2019. Due to the circumstance that the Defendant had been
adjudged wound up on 5 August 2019; the Plaintiff had to withdraw the legal suit against the
Defendant.

IJSB’s solicitors are now preparing to file in the proof of debt with the Official Assignee (“OA”)
of the Defendant whilst at the same time working with the Defendant’s banker to release the
Damai 88 properties free from encumbrances to IJSB of which is targeted for completion by
end of December 2019



+ve info


Mabel
4922 posts

Posted by Mabel > Nov 29, 2019 11:49 PM | Report Abuse

@leekokshen In Chinese way, their QR is very Ong...Can shareholder vote to potong Director's salary?
29/11/2019 9:47 PM

We should !

FGV Revenue this quarter is RM 3,549,245 CEO takes 50% cut
Ikhmas Revenue this quarter is RM 62,290

How much do you think we should cut their salary?


leekokshen
66 posts

Posted by leekokshen > Nov 30, 2019 11:02 AM | Report Abuse

Hi Mabel, think you have to add another 3 zeros to Ikhmas figure, so we're talking about 62 mil revenue this Q, And net loss of 15 million this Q and total 9 months accumated nett loss of 95 millions. Just imagine that....and piles of lawsuits along the way. If I'm correct, their director fees is about 500k to a million. Is it fair to pay someone that kind of fees for a money losing company?
Just think about it. Would you give contract to a company who owed money everywhere?
Very sad to see this. If can vote to reject director fees think I'll go for that.


Superb99
4128 posts

Posted by Superb99 > Dec 1, 2019 4:27 AM | Report Abuse

Longkang counter


Mabel
4922 posts

Posted by Mabel > Dec 1, 2019 11:12 PM | Report Abuse

@leekokshen Hi Mabel, think you have to add another 3 zeros to Ikhmas figure, so we're talking about 62 mil revenue this Q, And net loss of 15 million this Q and total 9 months accumated nett loss of 95 millions. Just imagine that....and piles of lawsuits along the way. If I'm correct, their director fees is about 500k to a million. Is it fair to pay someone that kind of fees for a money losing company?
Just think about it. Would you give contract to a company who owed money everywhere?
Very sad to see this. If can vote to reject director fees think I'll go for that.
30/11/2019 11:02 AM

@Mabel @leekokshen In Chinese way, their QR is very Ong...Can shareholder vote to potong Director's salary?
29/11/2019 9:47 PM

Thanks for correcting me lee. My bad. here's the revised figure

We should !

FGV Revenue this quarter is RM 3,549,245,000 CEO takes 50% cut
Ikhmas Revenue this quarter is RM 62,290,000

How much do you think we should cut their salary?


Mabel
4922 posts

Posted by Mabel > Dec 1, 2019 11:15 PM | Report Abuse

Although all of us make our call to buy this earlier. I'm just curious, where are all the promoters?


Michael Kwok
1234 posts

Posted by Michael Kwok > Dec 2, 2019 7:14 PM | Report Abuse

Mabel,please becareful if conman.Maybe my posting scare them away.Please read my posting;

Michael Kwok(Ikhmas)
673 posts
Posted by Michael Kwok > Sep 26, 2019 11:21 AM | Report Abuse X

Will fall to 4.5-5.5 cent.Who call buy its a I idiot.Along the way will up 1-2 cent.


Michael Kwok
905 posts
Posted by Michael Kwok > Nov 15, 2019 9:12 PM | Report Abuse X

5-6 cents can.I prefer Anzo. Different is Anzo balance sheet on look quite clean.Ikhmas look going from bad to worst due to cost overrun and law suit(many).Prefer Anzo

Buy Anzo in Ikhmas blog.
Posted by Michael Kwok > Nov 24, 2019 5:59 PM | Report Abuse X

Please read.Anzo first at 3 cent.Ikhmas Jaya later.

Posted by Michael Kwok > Nov 15, 2019 9:12 PM | Report Abuse X

5-6 cents can.I prefer Anzo. Different is Anzo balance sheet on look quite clean.Ikhmas look going from bad to worst due to cost overrun and law suit(many).Prefer Anzo


Michael Kwok
1234 posts

Posted by Michael Kwok > Dec 2, 2019 7:27 PM | Report Abuse

Sifu must have some kind of consistency.It needs to have quite a lot of accuracy.Some there have few there say there are sifu. Remember Geneva case years ago?


Mabel
4922 posts

Posted by Mabel > Dec 4, 2019 12:33 PM | Report Abuse

Cheers Michael!


W0099
475 posts

Posted by W0099 > Dec 6, 2019 8:36 AM | Report Abuse

Sis Mabel I’m still here to stuck at this counter.. lol


Mabel
4922 posts

Posted by Mabel > Dec 11, 2019 11:48 PM | Report Abuse

Same here Wendy...

Fortunately, I have sold half of my holding to cut my losses. My current holding cost is covered by my Plantation Stocks which all did extremely well this quarter. So I have no issues holding this stock.

Anyway, like I said earlier, I plan to give this company until next quarter to see if there's any improvements. Otherwise I will sell off my remaining shares

Cheers Sis !


Newbiesky
742 posts

Posted by Newbiesky > Dec 12, 2019 8:02 AM | Report Abuse

still here inside staying inside apartment


W0099
475 posts

Posted by W0099 > Dec 12, 2019 11:43 AM | Report Abuse

Cheers Sis Mabel. I’m sorry for last time ask u follow me. ;( I’m still hold 1K Lot. It’s paper lose already 70%. Hope we will see the bright future next quarter sis.


W0099
475 posts

Posted by W0099 > Dec 12, 2019 11:45 AM | Report Abuse

Hi Newbiesky!we are in prison now...


Mabel
4922 posts

Posted by Mabel > Dec 12, 2019 9:57 PM | Report Abuse

No issues Sis...

It's not your fault..

I was excited too about this stock due to the ECRL Theme Play...

I will continue to wait until next quarters..

Cheers and take care..


W0099
475 posts

Posted by W0099 > Dec 13, 2019 11:48 AM | Report Abuse

Thank you for understanding sis. Overall just that the market is too bad. That’s why most of the stock fallening...


JN88
9896 posts

Posted by JN88 > Dec 13, 2019 8:54 PM | Report Abuse

The value of this company will appear by this month end.... Trust me.... Time is the name of game


scjm
1140 posts

Posted by scjm > Dec 16, 2019 10:23 AM | Report Abuse

wendy/mabel howdy....would 7 sen support hold and to subsequently form a double bottom? crossing the pivot high 12.5 with high volume would confirm it and the likelihood would be to fill the gap down at 17.5..in the meantime still under sideways verified by the low trading volume


freonsf
635 posts

Posted by freonsf > Dec 17, 2019 7:32 AM | Report Abuse

0.085 can whack? Or wait 0.07 again?


Newbiesky
742 posts

Posted by Newbiesky > Dec 17, 2019 8:36 AM | Report Abuse

scjm, any advise?


scjm
1140 posts

Posted by scjm > Dec 17, 2019 9:07 AM | Report Abuse

two choices...1. to buy on breakout ie the pivot high 12.5 then exit 17 or 2. after breakout then wait for the pullback (which might not happen although it usually does) in the meanwhile just wait for that to occur...that is for trading the double bottom pattern
on the other hand if your earlier entry is high you could take the calculated risk to average down at 8 sen and stop loss at 6 sen for this you would have to be very patient and wait
hope that during this waiting period there is NO BAD news which would then derail the entire process
good luck


Newbiesky
742 posts

Posted by Newbiesky > Dec 17, 2019 9:16 AM | Report Abuse

thanks alot for the advice. will decide accordingly


Mabel
4922 posts

Posted by Mabel > Dec 17, 2019 11:46 PM | Report Abuse

Noted and thanks for your advice scjm...

From my observation, the number of buyers and sellers have not reduced. It's only the price that has gone down due to bad performance. The Management was and is my biggest concern.

From what I understand, markets have dedicated middlemen called Market Makers who are responsible to make sure that there is always someone to buy or sell; this ensures that all instruments have sufficient liquidity. Market Makers may decide to lower their bid on a stock based on a high number of sellers, or raise their ask for a high number of buyers.

During an investor rush to buy or sell an instrument (perhaps in response to a news release), it's possible for the Market Maker to accumulate or distribute a large number of shares, without end-investors like you or me being involved on both sides of the same transaction.

Hence, if we are dealing with an illiquid stock like Ikhmas, I don't think we have a choice. We just have to put our hat as a trader and trust our animal instinct. Fundamental does not make sense anymore. Otherwise how do you explain a company with 800 Million Contracts are reporting loses?

As a rule of thumb, it is always not advisable to buy into any stocks that is below 100,000 volumes. Fortunately, this is not the case of Ikhmas. The average trading volume for the last 4 weeks is 3.2 times bigger than the minimal threshold. Today, the volume is 8X bigger than the minimal threshold.

So I recon these Market Maker are regulating this stock to keep it warm. Just to give you a flavor, two week ago one of my Plantation Stocks TDM is on P1 among the Plantation counters. It even beats all the expensive Plantation Stocks. You know why there's is a high interest in TDM?. It's is because of ECRL. ECRL will passed through TDM Plantation as it cruises 160 km/h.

I have been holding TDM since early this year and today the price has almost double. So it's just a matter of time when the Market Maker will starts goreng this stock again. All it needs is just one good new to spike it up again.

Ikhmas is still important in my Construction Portfolio. It's the only Construction Stock that has piling capabilities. I decided to go for her because of the ECRL Theme Play rather than ECONPILE which is more expensive. Hence it is still complimentary to my other Construction Stocks like AZRB, Gadang, Gamuda and Ekovest...

Till then....

As JN88 said, just hang on...

Meow!


W0099
475 posts

Posted by W0099 > Dec 18, 2019 1:27 PM | Report Abuse

Note it. Thank you scjm for your advices yea..!


lee_m2020
1228 posts

Posted by lee_m2020 > Dec 19, 2019 10:11 PM | Report Abuse

WOWWW!!!! Only problems are got pending court cases... Otherwise I would not hesitate a BUY CALL. Nevertheless, like VSOLAR, BUY CALL for a longer term gain for sure.. It has huge money to be on the book very soon!!!!!! I for sure will buy tomorrow!!!!


JN88
9896 posts

Posted by JN88 > Dec 19, 2019 10:17 PM | Report Abuse

The cash flow will come once damai88 coming-90 million......debt 70-80 million....net cash .....


lee_m2020
1228 posts

Posted by lee_m2020 > Dec 22, 2019 12:10 PM | Report Abuse

Bought...!!!! current price is the bottom floor ...


lee_m2020
1228 posts

Posted by lee_m2020 > Dec 22, 2019 12:10 PM | Report Abuse

Any movements are only upward...


gojo
81 posts

Posted by gojo > Dec 23, 2019 12:19 PM | Report Abuse

add


lee_m2020
1228 posts

Posted by lee_m2020 > Jan 3, 2020 2:45 PM | Report Abuse

Good News??


future
244 posts

Posted by future > Jan 4, 2020 10:04 PM | Report Abuse

Ya otw Lee..


dragonz98
26 posts

Posted by dragonz98 > Jan 10, 2020 9:07 AM | Report Abuse

Current Price : 0.075
Fair Value : 0.52

Sources: Simply Wall St™


Mabel
4922 posts

Posted by Mabel > Jan 14, 2020 12:38 AM | Report Abuse

Wait QR or any good news...


freddiehero
9869 posts

Posted by freddiehero > Jan 16, 2020 4:15 PM | Report Abuse

ade hebat mau datang ka?

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