ILB opened with a gap and gained 7 sens (+8.7%) with high volume today. It ended the day at 87 sens.
It is forming the mini-wave 3 of its sub-wave vii of wave (iii).
Its 2014 first quarterly earning is bad, it lost 1.40 sens a share. Net assets per share is Rm1.92. Its balance sheet is very solid.
It has Rm175 million cash in hand after it sold its subsidiaries in China for Rm246 millions in 2013.
After deducting its borrowing of about Rm80 millions, its cash per share is 58 sens. This is a solid stock but it has to improve its earning.
Bonescythe.blogspot.com has a detail writeup for ILB. Click 'ILB-Bonescythe' for the article.
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