Another crazy day for IRIS. Just like Ecoworld previously before it hit max and lau sai.

Wow, Iris .... damn, should've bought early. Now too high liao

Ya too high but I bought it this morning. Damn. Worry later lau sai.

u r fighter !!!!

Wat price u bot?

I bought at 0.45. Not even able to break yet. Stuck at 0.46. My TP is higher.

Also seem IRIS moving towards to main counter.

1 cent is enuf for contra if u buy in bulk

gERAM Nia.. i think first!! Good luck ya

This post has been edited by tstan8_8: Jan 15 2014, 07:14 PM

hahaha youre not alone

all ppl arm tui..

Nice.. all already can enter

This post has been edited by tstan8_8: Jan 16 2014, 10:09 AM

nak masuk ke x ni..adoii..

haizzzzzzzzzzzzzzzzzz

you better, I bough on .465..

You couldn't blame others on your investment decision. Others can advise you, but the decision is yours at the end. I learnt this the hard way. Better make research of the company first before invest in it. Then, you could sleep well.

I dint see any blaming at here?

This post has been edited by tstan8_8: Jan 20 2014, 06:33 PM

Iris ventures into property development in Solomon Islands

Iris Corp Bhd (ICB) has acquired a controlling stake in a Solomon Island-based firm which has proposed to undertake a mixed property project there.

ICB said in a statement to Bursa Malaysia today that it has subscribed for 51% of JR Development (SI) Co Ltd (JRD) for Solomon Island Dollars (SBD) 6 million (RM2.97 million) through ICB's subsidiary, Iris Land Sdn Bhd (ILSB).

ICB said the acquisition of 10,408 rights shares in JRD will be financed by internally generated funds.

With the subscription, ILSB will participate in a project to develop residential, commercial, retail and industrial units on 40ha (100 ha) of land in Mamara within the Honiara area in the South Pacific nation.

“The subscription will enable the ICB Group to expand its construction and property development business overseas to an international level,” said ICB.

In an interview with The Edge Malaysia Weekly in November last year, Datuk Tan Say Jim, the managing director of ICB, said the group expected to enter into a joint venture with a Malaysian group from Sarawak that owns 1,000ha of beach-front land near Honiara, with 100ha of land to be developed in the first phase.

here comes the gud news

Sources: MPay, Iris among 4 firms bid to manage Tourist Refund Scheme

AT LEAST four parties, two of which are listed on Bursa Malaysia, have submitted proposals to manage Malaysia’s Tourist Refund Scheme (TRS) and the outcome is likely to be announced after Chinese New Year, say sources.

The refund of the Goods and Services Tax (GST) to foreign tourists is crucial as Malaysia is working on establishing itself as an international shopping haven. A GST of 6% will be imposed beginning April 1, 2015.

Sources say the bidders have each tied up with an international group as the tender requires that the company, which will essentially build, operate and own the system, must have at least five years’ experience in tourist refund. And the majority stake of 51% in the joint-venture (JV) company must be held by a local.

Apart from ACE Market-listed ManagePay Systems Bhd (MPay), which made an announcement on Dec 9, 2013, that it had entered into a partnership with South Korea’s Global Tax Free Co Ltd (GTF) to bid for the deal, The Edge understands that the other listed bidder is ACE Market-listed firm Iris Corp Bhd, which is in partnership with Swiss-based Global Blue.

The other two parties are believed to be Salihin Consulting Group Sdn Bhd, which is in partnership with Innova Taxfree Group of Spain, and Islah Wawasan Sdn Bhd, which has formed a JV with Premier Tax Free of Ireland.

It is understood that the winning company could potentially make RM50 million in revenue in the first year of operation, and double that in 2019.

In the case of Iris, should it be selected, the additional revenue stream in the first year would account for about one tenth of its revenue recorded in its financial year ended March 31, 2013, at RM537.07 million. It made a net profit of RM21.06 million.

The party appointed to handle the TRS will operate for five years, after which its contract will be renewed or terminated.

Bidders also had to propose a fee that they plan to impose on the foreign tourists and the government, if any, as well as the forecast tourist expenditure for the 2015 to 2019 period and the amount of GST to be refunded to tourists over the five years. In addition, they had to provide a forecast of their capital expenditure and operational expenditure for the five years.