Hi guys

i'm new to tis forum and to stock exchange as well

jz started to invest las 2 weeks

Nice to meet ya all


bac to topic
i was wondering izzit a nice move that i shud invest on tis company???
thr r som news indicating tat tis company is on the right track to make som profit bt i nt to sure bout it....
i hope that som expert can give me som advice on tis

thanks in advance

Welcome to investing world

Define your strategy

BUY for long term gain or speculative, short term trader, day trader etc?

By the way, join us here for speedy and latest info : LYN Stock Talk

most probably i going to aim for long term gain due to the amount that i going to invest ( nt dare to invest much 4 nw since i still in the learning process)

nt much strategy i going to adapt on tis one since i onli noe 1 or 2 strategy frm my fren

bt i'm hoping to learn som strategy lik hw to research and adapt to the market trend and so on....

IRIS is typical GORENG stock, means purely speculative.
One never knows that it will skyrocket maybe to 30cts or 50cts.

I started IRIS when it was only months back (last trade was in 2007). Unlike you, since my starting capital is just RM500 I buy n sell for quick buck, until one day stuck when the price dropped from 20c to 16cts for day trade and I stuck.

i stuck with 4 lots of IRIS. Previously bought for 0.66 for 2 lots and another 2 @ 0.44

Iris will get very big project in this month, partner maybank...anybody know this? Do you know recently one of the director in iris his wife is well know with the najib's wife very well...this will be chance to goreng this counter. sumore this company is earning double profit in this quater compare to last time...take note on this counter will goreng anytime...

Get news form SC, they will goreng this iris tp 0.30

Iris will get very big project in this month, partner maybank...anybody know this? Do you know recently one of the director in iris his wife is well know with the najib's wife very well...this will be chance to goreng this counter. sumore this company is earning double profit in this quater compare to last time...take note on this counter will goreng anytime...

Good for you to know that it is going for 0.30
After knowing the news:
If I still want to trade IRIS I will wait for it to move to 0.17 and volume had hit 100K.
If not I will just wait.
Good luck to you.

wait till the volume target hits, then we shall enter full force

yah..yah...i also get some info from this corp that have few project to sign up... also told by SC will focus this counter.

come come come goreng this counter ....huraaaa....

SC asks you to buy goreng stock by giving you Insider Information ?

Joke of the day.

Somemore

yen85_nicholas
Joined: Aug 2009


nick8585
Joined: Today, 08:49 AM
and posted at Today, 08:57 AM

ROFL You want to hard sell your topic and spread rumors also don't so obvious disclosed your double identity

SC?
Mean securities commission?

SC even Bursa/KLSE won't publish or put up statement to recommend people to buy any share. SC responsibility is to govern the health of stock market or listed company issue.

Hmm.. volume still smal.. No swinging of price yet. Have you bought?

this is "stock king"... must come one time hot hot....

Majority would get gorenged instead.

You could be exceptional, if with insider information.

I already told you all SC will goreng this counter...only you all not believe....come mari mari goreng

still keep with the lsat time old old stock, historical high price....

iris iris, i am waiting for u....

hmmm....think i'll pass this one.

Why would Securities Commission goreng this stock? This just doesn't sound right. Do you know what is Securities Commission on the first place?

Thanks bro, i try ur info and get 0.155 x 300klts last 3days, and sell off at 0.165, earn abit, haha...

IRIS May Secure Bangladesh Passport Project

By P. Vijian

DHAKA, Dec 12 (Bernama) -- Bangladesh authorities are considering IRIS Corporation Berhad for a project to supply sophisticated passport-reading machines to overhaul the country's immigration system, said a report.

The Daily Star reported that Bangladesh government agencies had recommended the Malaysian company to introduce machine-readable passport (MRP) and machine-readable visa (MRV) systems.

"The Home Ministry is now scrutinising the evaluation committee report to see whether there are any loopholes. A summary in this regard will soon be sent to the purchase committee for consideration," Home Ministry's Additional Secretary Mohd Ghulam Hussain told the newspaper.

According to the report, eight companies, inculding IRIS, bid for the project after the government floated a tender last July.

IRIS was said to be competing with Flora Telecom Ltd, linked to Luxembourg-based digital security firm Gemalto, but the Malaysian firm could possibly secure the tender due to cheaper pricing.

Several top Bangladesh officials on the evaluation committee -- the Home Ministry, Department of Immigration and Passport (DIP), the police and senior army officers -- had selected IRIS for the multi-million-dollar project.

The International Civil Aviation Orgnisation (ICAO) had directed Bangladesh to introduce the MRP system by April 1, 2010.

The selected company will supply the hardware and software, including the MRPs for a three-year period.

The DIP estimated that 2.2 million passports would be needed each year.

-- BERNAMA

We provide (subscription-based)
news coverage in our Newswire service.
Back Top

May i know when is the time to hold it, and when they will get the proven from news?
or wait until 2010..

---

Added on December 19, 2009, 1:03 amHello, when is the time to up until 0.300?
anynews?

This post has been edited by KENT-23: Dec 19 2009, 01:03 AM

Next month jan 2010 middle or end of the month will be one project agreement signing up...please prepared to grab so stock and wait for goreng...

Iris doesn't need a contract to get speculators on it

i can smell that the goreng is coming soon..
WHY?
even Linear already been goreng UP 200++%!!!!
why not Iris which is syndicate's favourate??

yes, they got project, and partner wit maybank, start from next year, but don know wil bring up how much, i get 300lots ready..
any news, pls update...

everybody is using their product!!
MyKad, Malaysia e-Passport, all is their product, seems to be gov. (Najib??) related company.

Everyone get ready to boom this stock....in next two weeks (before chinese new year)...this company will sign the project around 8Xmillion...with maybXXX.

---

Added on January 15, 2010, 2:50 pmCan you feel that goreng of this stock in progress...people now is slowly slowly grab this stock because the good new will be publish soon....go go go goreng goreng...

---

Added on January 15, 2010, 2:51 pm


Can you feel that goreng of this stock in progress??...people now is slowly slowly grab this stock because the good new will be publish soon....go go go goreng goreng...

This post has been edited by yen85_nicholas: Jan 15 2010, 02:51 PM

hi, u mean tis counter wil goreng by tis week or februay?
after sign the contract wit maybank?

As i know from internal news this contact will be sign on this month (before end of january).





Type : Announcement
Subject : IRIS CORPORATION BERHAD ("IRIS" OR THE "COMPANY")

PROPOSED WARRANTS ISSUE



Contents : On behalf of the Board of Directors of IRIS, MIMB Investment Bank Berhad is pleased to announce that the Company proposes to undertake a renounceable rights issue of up to 223,408,274 new six (6)-year warrants ("New Warrants") on the basis of three (3) New Warrants for every twenty (20) existing ordinary shares of RM0.15 each in IRIS ("Shares" or "IRIS Shares") held at an indicative issue price of RM0.05 per New Warrant ("Proposed Warrants Issue").

Please refer to the attachment for further details of the announcement.

This announcement is dated 19 January 2010.

only RM0.05 per new warrant. Very cheap and wait for goreng this warrant like other warrant.

i don't think the warrant will be issued in 2010 as they still need Bank Negara, Bursa Malaysia's, shareholders in EGM's and OTHER RELEVANT PARTY's approval before they can issue the warrant..

AWARD OF TENDER., tis counter stil can fly?

actually the trading after they announce the 259million contract already fly a bit to .175 but too bad the EVIL BULL kicks in later on with the fear that DJ will breach 10,000 psychology level..
so now the price drop back...
but based on both technical (.175 seems to be a break out) and fundamental (259 million contract, RM0.05 CHEAP rights issue), it had now prepared itself to fly...

during this panic selling, 0.16/0.165 is expesive. i try to 0.150 may be next two week. those were frustrated who bought at 0.17/0.175.

well, i am sure that it's impossible to drop to .150, the most it will drop to is .155 coz there's vfery strong support at both .16 and .155...
why??
don't need to explain much, next week, just wait and see...

Anyone on-board to buy IRIS-WR?

i didnt ...

I bought 150k shares at 0.020. Should I hold?

You need to subscribe it if you are holding. It should be expiring next week.

any news abt IRIS ?

anyone know tis stock its max ord or stil can go up abit?
new TP for 0.200..

not moving.......yet??

i think this counter wil go back to 0.13 soon..

impossible...see their nett profit increased by how much....
unless they loss the turkey litigation which is the ONLY bad news as of now for this company...
perhaps u wan to accumulate at .13 then you spread the news it will move back to .13 soon??

this counter must move if the bull growing...

tomorrow another show day...looking at the volume during the last session and how much BUY transaction for 0.175...

used to be my favorite goreng counter!

haha...maybe u can enter again...technical wise is strong up trend..
the first breakout at 0.17 & 0.175 for the past 1 year..

So, this counter is kena goreng and will fall sharply soon?

no way, will wait until it reaches 13-14cts. Let's other be the LAB RAT.

haha...ok ok...we wait till tat price only enter...
you had unloaded all??

what is entry price?

i think around 0.14 when the correction comes...

pure goreng or got news that got a new contract??

I think more than just GORENG.. there should be some substance
Anyone aware?

This post has been edited by rosdi1: Feb 7 2011, 03:12 PM

It is shooting up and up and up.. Buying force very strong

so time to sell? I'm still holding this counter for past few years.

Profit then sell loh.. Haha

This must be the reason why it move

http://bit.ly/hURdH5

i cut loss miserably on this counter

So for those out there sell for profit......

I nearly so tempted to jump into it already.. But still did not do so...

scalping.... maybe cos all the performer are penny stocks.

i dare not....

I look at the way HWGB is dropping is already scary..
Then IRIS... ouch..

For sharing purpose..

Iris to venture into industrialised building system
Written by Joseph Chin of theedgemalaysia.com
Monday, 07 February 2011 19:21

KUALA LUMPUR: Iris Corp Bhd is venturing into industrialised building system (IBS) via a joint venture with a joint venture with Koto Malaysia Sdn Bhd and Ambitech Sdn Bhd.

Iris said on Monday, Feb 7 it planned to develop the Koto IBS for mass
building projects in Peninsular Malaysia.

"Koto IBS is an alternative way to mass manufacture energy efficient
housing, commercial buildings, high-rises and affordable housing. The Koto IBS is a fully integrated system - from the foundation, walls of all types, to ceilings, suspended ceilings, roofing, columns, beams and lightweight lintel beams," it said.

Iris said the shareholdings in the JV would see it holding a 60% stake, Koto (30%) and Ambitech (10%).

hopefully this kind of info will elevate the price further (if it holds water)

but truthfully i been loosing money trading this counter

any other info, fundamentals, etc that might help

when the news is out, u can expect the rpice to drop.. so called 'buy on rumours, sell on news'

Sorry din see this post. I see this share is trading in a massive volume recently...any news and why?

Ya me too...
Luckily I saw the invitation.. Thanks rosdi1..
Iris - a well diversify company which is still improving his solid business.. oversea..
But it is a speculate counter as well.. so many things can be goods and bads..
I still wait it to reach around RM0.12 or below..
Before my move..

Got on the boat today @ 0.20 The bolinger band squeeze looks good to me. Hope for a breakout of band tomorrow else need to cut lost hehehe

im stuck ar 0.195... do u guys think i need to hold it... worry it`ll drop more...

I just entered 0.190
0.210 I cabut lari..@@
Look for better stock.

Still want 0.21? 3 cents increase?
In my opinion, 0.195 also cabut already lo.. Maybe 0.2 also cabut.. Don't be too greedy..

long term wait maybe can get that 3 sen lorrr ..

PROPOSED JOINT VENTURE AGREEMENT BETWEEN CAISSE DES DEPOTS ET CONSIGNATIONS (“CDC”) and IRIS LAND SDN.BHD. (“IRIS LAND”) A SUBSIDIARY OF IRIS CORPORATION BERHAD (“ICB” OR “THE COMPANY”).


1. INTRODUCTION

The Board of Directors of ICB wishes to announce that IRIS Land, a subsidiary of ICB, had, on 1 April 2011, entered into a Joint Venture Agreement (“JVA”) with Caisse Des Depots Consignations (“CDC”) CDC for the proposed joint venture to construct and complete a mixed development of residential and commercial units in Senegal (“JV”).

2. SALIENT TERMS OF THE JVA

The salient terms of the JVA are as follows:-

(a) The JVC shall be incorporated and set up in Dakar, Senegal (“JVC”).
(b) The initial share capital of the JVC shall be CFA 131,000,000.00 divided into such number of ordinary shares equaling CFA 10,000.00.The initial paid-up capital of the JVC shall be 13,100 new ordinary shares which shall be fully paid-up. The shares of the JVC shall be ordinary shares of par value of CFA 10,000 each. IRIS Land and CDC agree to subscribe for the paid-up share capital according to the following ratio:-
Shareholder
Paid-Up Capital (CFA)
Number of Ordinary Shares to be Held of CFA 10,000 each (RM)
Percentage (%)
IRIS Land
CFA64.19 Mil

(MYR428,225)

6,419
49
CDC
CFA66.81

(MYR445,697)

6,681
51

*The exchange rate between MYR and CFA is approximately MYR1: CFA 149.9 as at today.

© Total estimated gross development value of the construction and completion of the mixed development of residential and commercial units in Senegal is estimated to be MYR 800 million ,which is expected to be funded by way of project financing to be procured by the JVC and if required, further capital contributions from the parties.

(d) CDC and IRIS Land must jointly agree on a business plan ("Conditions Precedent") as follows:-

(iii) a master plan providing an overview of the intended development on the totality of the said Land (defined in paragraph (3) below) and manner of dividing the said Land into parcels or plots for transfer to the JVC on specified timelines to enable a phased development to be undertaken by the JVC in the specified parcels or plots pursuant to agreed timelines on a project to project or parcel to parcel basis (“the Master Plan”);
(iv) a project plan providing particulars on the current intended development on the first of the specified parcels or plots to be injected into the JVC (“the Project Plan” which expression shall include any intended development required to be undertaken on any other specified parcels or plots as likely to be transferred to the JVC. from time to time);
(v) if required, costs of either the entirety of the Master Project or the Project as determined by the relevant phase or any parcel or portion or plot as the case may be (“the Project Costings”);
(vi) a financial plan to provide a basis for the financing of the Project and any costs and expenses reasonably incurred in connection with or incidental to its construction including any consultancy fees, management, financing and ancillary costs, but excluding any land costs (“the Financial Plan”);
(vii) a marketing plan for the planned advertising and sale of the units to be developed in the Project as determined by the relevant parcel(s) or plot(s) of the said Land transferred into the JVC. which will inter alia include an agreement on the sales price of the intended Project units and any sales commission(s) payable to sales agents as well as the selection of the marketing agent (“the Marketing Plan”);
(viii)the implementation of this Agreement shall be conditional upon the parties reaching a written consensus on the initial Business Plan to be drawn up by IRIS Land which shall form the basis for the operations of the JVC within six(6) months of this Agreement (“the Conditions Period”); and
(ix) in the event of any non-fulfillment or non-satisfaction of the Conditions Precedent stated above during the Conditions Period then unless extended by mutual agreement of the parties hereto, the JVA shall terminate automatically and no party shall have any claim of whatsoever nature against the other party in respect of or arising out of any such termination.
3. INFORMATION ON CDC

CDC is a Senegalese government owned trust company and the registered proprietor of a property located in the Bambilor area measuring approximately 150 hectares as obtained under the agreement for sale established on the 5th May 2010 as entered between CDC and the Land Registration and Stamp Duties Office of Senegal (“the said Land”).

4. RATIONALE AND PROSPECTS

The joint-venture is an additional opportunity for ICB to venture into the property development sector in Senegal. This proposed joint-venture represents an additional revenue stream to ICB.

5. SOURCES OF FUNDS

IRIS Land will finance its obligations via a combination of bank borrowings and internally generated funds.

6. RISK FACTORS

Business Risk

Although ICB and its Group of Companies seek to limit any risks through expansion of both existing and new markets, developing and maintaining a diversified market network, prudent financial management and efficient operating procedures and maintaining good business relationships with our customers and suppliers, no assurance can be given that any changes in the herein mentioned factors will not have any material adverse effect on the ICB Group’s business.

Political, economic and regulatory considerations

Like all business entities, changes in political, economic and regulatory conditions in Senegal could materially and adversely affect the financial and business prospects for the ICB Group. Amongst the political, economic and regulatory uncertainties are the changes in interest rates and nullification of existing contracts.

ICB Group of companies will continue to take effective measures to mitigate such risks. However, there is no assurance that adverse economic, political and regulatory conditions will not materially affect the business activities of the ICB Group.

Joint Venture Risk

The JVC potentially expose the ICB Group to new risks including those associated with the assimilation of new operations and personnel, the diversion of financial management resources from existing operations and the inability to successfully integrate the joint-venture with tis current business operations. There is no assurance that the anticipated benefits from the proposed joint-venture will be realised and that the ICB Group will be able to generate sufficient revenue from the proposed joint-venture to offset the associated joint-venture costs.

Nonetheless, the Board has and will continue to exercise due care in considering the risks and benefits associated with the proposed joint venture and will take appropriate measures in planning the successful integration of this joint-venture with its current business operations. Further, ICB Group is committed towards the close monitoring of the development of the JVC’s business in order to minimize any implementation issues or delays.

7. FINANCIAL EFFECTS OF THE JVA

The JVA will not have any effect on the issued and paid-up share capital, substantial shareholder’s shareholding earnings, earnings per share, net assets per share and gearing of ICB Group for the financial year ending 31st December 2011. Barring unforeseen circumstances the Board is of the opinion that the JVA will contribute positively to the earnings and earnings per share of the ICB Group in the future.

8. APPROVALS REQUIRED

This JVA does not require the approval of ICB’s shareholders or any other relevant government authorities in Malaysia.

DIRECTORS’ AND/OR MAJOR SHAREHOLDER’S INTERESTS

None of the Directors and /or major shareholders of the Company and/or persons connected with them have any interest, direct or indirect, in CDC and/or the JVA.

9. STATEMENT BY DIRECTORS

The Board, having considered all aspects of the proposed joint venture(including but not limited to the rationale, prospects and financial effects of the JVA), is of the opinion that the JVA is fair, reasonable and is in the best interest of the ICB Group.

10. DOCUMENT FOR INSPECTION

The JVA is available for inspection at the registered office of ICB during office hours from Monday to Friday (excluding public holiday) at Level 18, The Gardens North Tower, Mid Valley City, Lingkaran Syed Puta, 59200 Kuala Lumpur, for a period of three (3) monts from the date of this announcement.

This announcement is dated 4 April 2011.

---

Added on April 4, 2011, 8:10 pmIDK, good news?


This post has been edited by free_enuf: Apr 4 2011, 08:10 PM

IRIS was at 0.18, 0.19 level last 2,3 weeks before US Debt crisis.

Now IRIS is at 0.155/0.16 level.

Next 23rd August, Tuesday is the ex-date for DIvidend entitlement of 0.45cents per lot Tax Exempt..tht means empat ringgit setengah satu lot..

Approaching the ex date, ppl will start accumulate..so the price will move up..depends on ur strategy u can :

1- enter now, sell before ex-date..
2- enter now...enjoy the dividend, and sell when have profits..surely will rebound anytime soon...
3- their 2nd quarter report 2011 will be announced on 26/27 august...next week...based on last year announcement...pls expect better performance report...so...the price can go up...

COPY FROM ANOTHER FORUM

Need u guys opinion for this share, IRIS.

Bought at 0.18 , currently 0.155.

It is still profit making.

Can I know what website to read about the company P/E ratio etc ? What ratio to refer to evaluate a co. ?

Thanks

Now everything turning soooo greennnnnnn. Just hang on awhile and you should make some $$$

it been quite close to a year and I still see no goreng for IRIS while others already goreng'ed up.

now that's something worth pondering

good luck guys.....

Anyone holding this counter ?

IRIS, monopoly government project but still not doing well?


http://klse.i3investor.com/quoteservlet.jsp?sa=ss&q=iris

Need Najib daughter to do miracle

What price, u guys are targeting , I mean sell ?

This is so true

Be prepared~

Wah.. rumored to be goreng soon.. anyone holding?

IRIS is BN company. dunno why it keep dropping

First and Final Tax-Exempt Dividend of 0.45 sen per ordinary share

EX-date 06/11/2013
Entitlement date 08/11/2013
Payment date 29/11/2013

Iris gets RM40m Felda contract

Iris Corp Bhd announced that it has clinched a RM39.99 million contract from the Federal Land Development Authority (Felda).

In a filing to the stock exchange, Iris, a digital-identity specialist, said it will build an integrated community centre in Negeri Sembilan for Felda.

The project comes under Iris’ Sentuhan Kaseh modern-rural project which is located in Felda Palong 21, Wilayah Raja Alias, Negeri Sembilan.

"The above mentioned SK Palong project will not have any material effect on ICB’s (Iris) net assets per share for the financial year ending on 31 March 2014 but is expected to contribute positively in the future," Iris said.

Iris said the project which had commenced since Oct 1 this year, is due for completion by January 28 next year.

no wonderlah

This could b a RPT

what you mean?

Wat I meant was Related Party Transactions