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 ICT Zone Ventures - 8% p.a. yield, Highly not recommended to invest

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Azurika
post Mar 18 2014, 09:41 AM

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Has anybody entered share with us their profit sharing part ?
Putting in a multiplier of RM5000 for a 8% PA is decent, and a 3 year buy back. On top of that, there is "Profit Sharing"
I didnt go into detail, but wonder where are they generating this source of income.
Azurika
post Mar 21 2014, 08:49 AM

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QUOTE(apathen @ Mar 21 2014, 12:00 AM)
profit sharing they can declare either every year or end of tenure, according to shariah's akad mudharabah ratio will be 3:7.
Their record of dividend distribution thus far:
2011 - 8%
2012 - 8+2%
2013 - 8%

study their prospectus and u will know nature of their business and depict their profit margin then analyse yourself viable or not..
*
Kinda lazy to research on them, and since LYN has a topic, would be great if the insiders or the person who has invested can give their feedback laugh.gif

 

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